Spartan Planning & Wealth Management recently made a significant investment in The Walt Disney Company (NYSE:DIS), purchasing 1,665 shares according to their latest Form 13F filing with the SEC. This acquisition bolsters their total holdings to 1,667 shares, valued at approximately $151,000. This move is part of a broader trend among institutional investors, who hold a substantial 65.71% of Disney’s stock.
Several other investors have also increased their shares in Disney. Weil Company Inc. upped its stake by 0.5%, attaining 20,295 shares worth $1.83 million. Similarly, BlackDiamond Wealth Management LLC enhanced its position by 3.3%, and Evolution Advisers Inc. saw a notable 38.2% increase, acquiring 380 shares. These investments reflect growing confidence in Disney’s market performance.
In additional company news, Director James P. Gorman recently purchased 20,000 shares, averaging $106.03 per share, equating to a total of $2.12 million. Moreover, EVP Sonia L. Coleman sold 1,857 shares at $121.92 each, generating $226,405.44. These insider transactions were transparent and detailed in legal filings with the SEC.
Disney’s recent performance has been promising, with its stock trading up 1.6% at $101.55. The entertainment juggernaut posted quarterly earnings of $1.21 per share, beating estimates. Analysts remain optimistic, with several revising their target prices upwards. Morgan Stanley, for instance, increased its target price to $135, rating Disney as “overweight.”
The Walt Disney Company, spanning segments such as Entertainment, Sports, and Experiences, continues to captivate the global market. Its robust portfolio includes marquee brands like ABC, Disney, Marvel, Pixar, and more, ensuring its position as a dominant force in the entertainment industry.
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Source: Defense World
