In the latest financial shake-up, Haverford Trust Co has trimmed its stake in The Walt Disney Company (NYSE: DIS) by 4.2% during the fourth quarter, as revealed in their most recent filing with the Securities and Exchange Commission (SEC). Post sale, Haverford Trust Co still holds 66,213 shares of the entertainment powerhouse, now valued at approximately $7.37 million.

Interestingly, they are not the only firm making moves. Prudential Financial Inc. notably increased its holdings in Disney, boosting its portfolio by 40.5%. They acquired an additional 651,004 shares, bringing their total to over 2.25 million shares valued at a staggering $251.36 million. Similarly, Twin City Private Wealth LLC expanded its position by 18.4%, raising their total to 10,153 shares, valued at $1.14 million.

On the flip side, new investors like Clune & Associates LTD. and Mountain Hill Investment Partners Corp. have bought into Disney stocks, with substantial investments of around $217,000 and $5.06 million, respectively. Crowley Wealth Management Inc. also joined the fray by purchasing Disney stocks worth about $3.64 million. With 65.71% of Disney’s stock owned by institutional investors, market analysts are keenly observing these maneuvers.

On the trading front, Disney’s shares showed resilience, trading at $100.24, with a trading volume of over 8.2 million shares. The company maintains solid financial health with a market cap of $181.21 billion, a price-to-earnings (P/E) ratio of 32.65, and stable financial ratios. The shares have traded between a low of $83.91 and a high of $123.74 over the past year.

The entertainment magnate recently surpassed quarterly earnings expectations, posting an EPS of $1.76 against analysts’ forecasts of $1.44. With a net margin of 6.07% and a return on equity of 9.95%, Disney’s financial performance continues to impress. Analysts project an EPS of 5.47 for the fiscal year. Notably, equity research analysts are optimistic about Disney’s growth, with several upgrading their price targets and maintaining strong buy ratings.

Disney operates through three segments: Entertainment, Sports, and Experiences, delivering unmatched content and experiences under brands such as ABC, FX, Marvel, Pixar, and Lucasfilm.

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Source: @MarketBeatCom