Quent Capital LLC has recently diversified its investment portfolio by acquiring 327 additional shares of The Walt Disney Company (NYSE:DIS). This strategic move, carried out during the first quarter, boosted Quent Capital’s stake to 7,766 shares, valued at approximately $950,000.
Institutional interest in Disney remains robust. Vaughan Nelson Investment Management L.P., for instance, expanded its holdings by a noteworthy 84.6% to a total of 2,000,267 shares, worth about $244.75 million. Other notable investors include Avitas Wealth Management LLC and Telos Capital Management Inc., both of whom have incrementally increased their shares, reflecting ongoing confidence in the entertainment giant’s future prospects.
Analysts’ confidence in Disney is also evident. The Goldman Sachs Group has initiated a “buy” rating with a $125.00 price target. Similarly, Wells Fargo & Company upgraded their target from $128.00 to $141.00, marking a positive outlook. However, some analysts like Moffett Nathanson have slightly dialed back their projections, emphasizing the market’s nuanced perspective on Disney’s stock dynamics.
Adding another layer to this narrative, corporate insiders are making significant moves. Director James P. Gorman recently purchased 20,000 shares, totaling over $2 million, further underscoring the internal belief in Disney’s potential. Conversely, EVP Sonia L. Coleman sold 4,400 shares, injecting a different angle into the stock’s story.
Lastly, Disney’s stock performance continues to be a point of interest. Opening at $93.69 on a recent Thursday, it shows a steady movement, though slightly down from its 200-day moving average of $105.34. Despite fluctuating figures, with a one-year high of $123.74, the consensus among analysts remains optimistic, anticipating an EPS of 4.75 for the current year.
We’d love to hear your thoughts on Quent Capital’s investment and Disney’s financial outlook. Share your comments below and don’t forget to share this story with fellow Disney enthusiasts!
Source: Defense World
