Exciting Developments: LM Advisors LLC Invests in The Walt Disney Company
In a wave of noteworthy financial moves, LM Advisors LLC has acquired a new stake in everyone’s favorite entertainment powerhouse, The Walt Disney Company (NYSE:DIS). According to their most recent SEC filing, the firm purchased 22,851 shares, valued at a cool $2,063,000, during the fourth quarter.
This investment marks just one instance in a flurry of Disney stock activity. Companies like Planned Solutions Inc., Gold Investment Management Ltd., and Fortis Group Advisors LLC have also jumped in, with Planned Solutions Inc. securing shares worth $26,000 and Gold Investment snagging $28,000 worth. Stone House Investment Management LLC significantly upped their holding by 355.3%, showing strong confidence in Disney’s future with 346 shares now under their belt.
Despite an intriguing investment uptick, Walt Disney’s stock traded down by 1.8% recently, landing at $100.88 per share, highlighting the market’s volatility. Even with this dip, the company boasts a market capitalization of $183.91 billion with a year-high of $123.74, reflecting a robust and enduring presence within the entertainment sector.
The company’s recent earnings report was a pleasant surprise. Disney posted an EPS of $1.21, exceeding analyst expectations of $1.12! Their revenue for the quarter was also impressive, hitting $22.08 billion. With a return on equity of 8.37% and a net margin of 1.90%, Disney continues to display financial vigor.
Analyst sentiment remains largely positive, with Bank of America setting a bullish price target of $145.00. Despite a slight stumble from UBS Group, reducing their target from $140.00 to $130.00, the consensus among analysts is a promising “Moderate Buy.”
In other news, insider trading has been quite the buzz, too. Director James P. Gorman recently acquired 20,000 shares, signaling strong internal confidence. On the flip side, EVP Sonia L. Coleman cashed in on 1,857 shares, however, these insider activities reflect the dynamic and complex nature of stock investments at Disney.
We’d love to hear your thoughts on Disney’s outlook and these latest developments. Feel free to share your insights and join the conversation! And don’t forget to share this exciting update with your fellow Disney enthusiasts.
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