Exciting updates in the Disneyverse! PGGM Investments has made a notable move by purchasing a new stake in The Walt Disney Company, according to their latest SEC filing. This Dutch investment management firm has acquired 8,466 shares of Disney, valued impressively at approximately $1.04 million. This acquisition adds a sprinkle of magic to Disney’s financial landscape and highlights the ongoing allure and robust potential of the entertainment giant.

But PGGM isn’t alone in recognizing Disney’s charm. Several institutional investors have either added to or trimmed their shares in the company. In recent moves, Gold Investment Management Ltd., with a modest $28,000 stake, and Stone House Investment Management, which increased its holdings by over 355%, are now proud owners of Disney shares. Other new stakeholders include ESL Trust Services and Partnership Wealth Management LLC, while Evolution Advisers Inc. lifted its position by 38.2%. Together, institutional investors and hedge funds now hold a significant 65.71% of Disney’s stock.

Disney’s stock opened at $89.57 last Friday and boasts a market capitalization of $163.29 billion. While its price-to-earnings ratio stands tall at 97.36, the company shows a debt-to-equity ratio of 0.38 and is well-poised with a current ratio of 0.75. The stock has experienced a roller-coaster ride between a year-low of $78.73 and a high of $123.74, reflecting its dynamic market presence.

In May, Disney reported quarterly earnings, delighting fans and investors alike with earnings per share of $1.21, exceeding consensus estimates. Despite a modest 1.2% revenue growth year-over-year, Disney’s net margin sits at 1.90%, and their recent financial performance only adds more confidence to their forecasted EPS of 4.77 for this fiscal year.

On the insider front, notable transactions included Director James P. Gorman purchasing 20,000 shares and EVP Sonia L. Coleman selling 4,400 shares, reinforcing the vibrant internal activity. Analysts too are enchanted with Disney’s prospects; firms like Argus and Deutsche Bank raised their target prices, affirming Disney as a “buy.” With a “Moderate Buy” consensus among 23 analysts, all eyes are on Disney as it continues to enchant audiences and investors worldwide.

Are you excited about these developments? Share your thoughts in the comments below and feel free to spread the magic!

Source: MarketBeat