Big news in the world of Disney investments! Boston Trust Walden Corp has recently shed a portion of its stake in The Walt Disney Company (NYSE:DIS). According to a recent filing with the Securities and Exchange Commission, the firm reduced its holdings by 4.2% during Q2. This move saw them parting with 425 shares, leaving their total count at 9,731 shares worth approximately $966,000.

But Boston Trust Walden Corp isn’t the only investor making adjustments. Various other significant players in the finance world have modified their positions in Disney as well. For instance, ESL Trust Services LLC kicked off new stakes in the first quarter with an approximate value of $31,000, while Gold Investment Management Ltd. and Partnership Wealth Management LLC also acquired new positions. Other noteworthy mentions include Red Tortoise LLC and Evolution Advisers Inc., who both increased their positions significantly.

In insider news, Disney Director Calvin McDonald made waves by purchasing 11,756 shares at an average price of $85.06 each, totaling just under a million dollars. This acquisition now brings McDonald’s holdings to an impressive 22,313 shares, valued roughly at $1,897,943.78. All details of the transaction were documented in a filing available through the SEC.

What about Wall Street’s perspective? Analysts have a predominantly positive outlook on Disney, despite some recent adjustments. While Evercore ISI, Wells Fargo, Deutsche Bank, and Barclays have all lowered their price targets on Disney shares, they still maintain a favorable rating. Out of twenty-five analysts, twenty-two recommend buying, resulting in a “Moderate Buy” consensus with an average price target of $118.13.

On the trading floor, Disney opened at $89.30 on Monday. The entertainment behemoth has seen highs of $123.74 and lows of $78.73 over the past year. As of their last earnings report, Disney outperformed expectations with earnings of $1.39 per share for the quarter, surpassing the consensus estimate by $0.19. Analysts are optimistic, forecasting Walt Disney Company to post an EPS of 4.77 for the current year.

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Source: Defense World