Exciting news for Disney fans and investors alike! Crowley Wealth Management Inc. has recently expanded its investment into the magic of The Walt Disney Company, acquiring a substantial 32,719 shares valued at approximately $3.64 million. This mighty investment makes Disney the tenth largest holding in Crowley Wealth Management’s portfolio, highlighting the enduring allure and economic potential of one of the world’s most enchanting entertainment companies.
Notably, other financial powerhouses have also been enchanted by Disney’s spell. Firms like Tacita Capital Inc. and Vision Financial Markets LLC have similarly increased their stakes in Disney over the last quarter, underscoring the company’s robust market performance and bright future prospects. In fact, hedge funds and institutional investors collectively own a solid 65.71% of Disney’s stock, showing a widespread belief in the company’s long-term potential.
On Wall Street, Disney continues to draw positive attention from analysts. Six analysts have rated the stock as “hold,” while a majority of eighteen analysts have given it a “buy” rating, and two have marked it as a “strong buy.” Standout ratings include Redburn Atlantic’s upgrade from “neutral” to “buy,” pushing the price objective to $147.00, and Citigroup’s “buy” rating with a target price of $125.00. This sea of favorable reviews has bolstered Disney’s average rating to a “Moderate Buy,” with a consensus price target of $125.64.
Market performance remains steady for Disney, with the stock trading up 0.8%, finishing at $100.24 recently. With a market cap of $181.21 billion and a PE ratio of 32.65, Disney showcases not only resilience but also growth potential. Analysts predict that Disney will continue to perform well, driven by its diverse entertainment assets ranging from film and television to streaming services under beloved brands like ABC, Marvel, Pixar, and National Geographic.
With all this financial wizardry, it’s no wonder Disney continues to hold such a special place in both hearts and portfolios. Are you a Disney investor or considering jumping aboard the magic kingdom? Share your thoughts and join the conversation below!
Source: @MarketBeatCom
