Commerzbank Aktiengesellschaft FI has decreased its ownership in The Walt Disney Company (NYSE: DIS) by 20.1% during the second quarter of 2023. According to a report from HoldingsChannel.com, the financial institution sold 18,299 shares, leaving it with a total of 72,541 shares valued at approximately $8,996,000 as of its latest filing with the U.S. Securities and Exchange Commission (SEC).
A variety of other institutional investors have also adjusted their positions in Disney. In the first quarter, MJT & Associates Financial Advisory Group Inc. purchased a new stake valued at around $26,000. DiNuzzo Private Wealth Inc. significantly increased its stake by 82.5% in the second quarter, acquiring an additional 94 shares to reach a total of 208 shares valued at the same amount. Kessler Investment Group LLC raised its stake by an impressive 274.0% during the first quarter, now owning 273 shares valued at $27,000. Additionally, First PREMIER Bank raised its stake by 72.2%, owning 489 shares valued at $48,000 after acquiring more shares. RMG Wealth Management LLC also entered the scene, acquiring a new stake of approximately $49,000 in the second quarter. Collectively, institutional investors and hedge funds own 65.71% of Disney’s shares.
Walt Disney’s Financial Performance and Analyst Ratings
As of the latest trading session, Walt Disney’s stock opened at $110.91. The company has experienced fluctuations, recording a 52-week low of $80.10 and a 52-week high of $124.69. Financial metrics indicate a current ratio of 0.72, a quick ratio of 0.66, and a debt-to-equity ratio of 0.32. With a market capitalization of $199.41 billion, Disney’s price-to-earnings ratio stands at 17.38, while the price-to-earnings-growth ratio is 1.47. The stock has a 50-day moving average price of $115.51 and a 200-day moving average price of $110.29.
In recent months, analysts have shared their views on Disney’s stock. Needham & Company LLC reaffirmed its “buy” rating with a price target of $125.00 in a research note dated September 23, 2023. Citigroup followed suit, raising its price target from $125.00 to $140.00 and maintaining a “buy” rating as of July 9, 2023. Similarly, Guggenheim adjusted its target from $120.00 to $140.00 with a “buy” recommendation on June 27, 2023. UBS Group also increased its target to $138.00 on July 16, 2023. While the Jefferies Financial Group downgraded its rating from “strong-buy” to “hold” in a note released on August 11, 2023. Currently, nineteen research analysts rate Disney’s stock as a “buy,” while nine have issued a “hold” rating. According to MarketBeat.com, the consensus rating for Walt Disney is classified as a “Moderate Buy,” with an average price target of approximately $131.18.
The Walt Disney Company operates on a global scale, providing entertainment through various segments, including film and television content across multiple platforms. It is renowned for producing and distributing popular media under well-known brands such as ABC, Disney, and Marvel, among others.
For the latest updates on Walt Disney and institutional investments, interested parties can visit HoldingsChannel.com for comprehensive insights into 13F filings and insider trading related to the company.
