In the latest financial maneuver, Kintegral Advisory LLC has upped its stake in The Walt Disney Company by a robust 22.2% during the second quarter, as revealed by a recent Securities & Exchange Commission filing. This significant acquisition brings their total shares to 65,541, valued now at $6,508,000. The move is part of a broader trend among hedge funds and institutional investors, who own a whopping 65.71% of the company’s stock.

In recent market activity, Disney’s stock experienced a slight dip, trading down $1.41 to settle at $89.49 during mid-day trading on Wednesday. Despite this, the entertainment behemoth’s stats remain solid with a debt-to-equity ratio of 0.38 and a market cap of $163.14 billion. Disney also boasts a 12-month range from a low of $78.73 to a high of $123.74. Notably, the company’s last quarterly report revealed earnings per share of $1.39, surpassing analyst expectations of $1.20 and marking a 3.9% revenue increase from the previous year.

On the inside front, Director Calvin McDonald recently acquired 11,756 shares, spending nearly $1 million. His purchase adds to the fractional but noteworthy insider ownership of 0.10% in the company.

Analysts are optimistic; most recently, Redburn Atlantic switched its rating from “sell” to “neutral,” setting a price objective at $100. Meanwhile, Loop Capital, Raymond James, and Evercore ISI have adjusted their price targets, reflecting a cautious optimism about Disney’s future trajectory. With an average rating of “Moderate Buy” and a target price of $117.95, Disney appears poised for a rebound.

The Walt Disney Company, known for its expansive portfolio that includes brands like ABC, Disney, Pixar, Marvel, and Fox, continues to be a formidable player in the entertainment industry. With a diversified range of products and services, Disney’s reach extends across traditional and digital platforms, ensuring its position as a household name.

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Source: MarketBeat