Osprey Private Wealth LLC has expanded its holdings in shares of The Walt Disney Company (NYSE:DIS) by an impressive 29.8% during the third quarter of 2024. According to HoldingsChannel.com, the firm acquired an additional 10,605 shares, bringing its total ownership to 46,155 shares valued at approximately $5,285,000 at the end of the quarter. This investment now comprises about 1.9% of Osprey’s overall portfolio, marking Walt Disney as the firm’s 20th largest holding.
Several other institutional investors have also adjusted their positions in Walt Disney recently. Kondo Wealth Advisors Inc. increased its holdings by 1.2% in the second quarter, now owning 7,317 shares worth $904,000 after acquiring an additional 84 shares. Cornerstone Advisory LLC raised its stake by 1.5%, bringing its total to 5,890 shares valued at $730,000, while Physician Wealth Advisors Inc. lifted its holdings by 3.5%, now possessing 2,606 shares valued at $323,000. Childress Capital Advisors LLC and Apollon Financial LLC also reported increases in their stakes during the same period.
As of now, institutional investors and hedge funds collectively own 65.71% of Walt Disney’s stock, reflecting a significant level of confidence in the company’s future.
Current Market Performance
On Thursday, DIS shares opened at $110.56, showing a 0.9% decline. The company’s financial metrics reveal a quick ratio of 0.65, a current ratio of 0.71, and a debt-to-equity ratio of 0.31. Over the past twelve months, the stock has fluctuated between a low of $80.10 and a high of $124.69, with the company currently holding a market capitalization of $197.39 billion. Disney’s price-to-earnings (P/E) ratio stands at 16.12, with a price/earnings to growth (PEG) ratio of 1.54 and a beta of 1.49.
Dividend Announcement and Analyst Ratings
In addition to these developments, The Walt Disney Company has announced a dividend of $0.75 per share, scheduled for payment on July 22, 2024. Shareholders who are on record as of June 30, 2024 will receive this dividend, which yields 139.0%. The current dividend payout ratio (DPR) is 21.87%.
Research analysts have also weighed in on the stock, with Cowen maintaining a “hold” rating in a report released on November 14, 2024. Meanwhile, Rosenblatt Securities reiterated a “buy” rating and set a target price of $141.00. Wells Fargo & Company adjusted its price objective from $159.00 to $152.00, marking the stock as “overweight.” Jefferies Financial Group lowered its target from $144.00 to $136.00, while Citigroup reaffirmed a “positive” rating.
In total, nineteen investment analysts have rated Disney stock as a “buy,” seven as a “hold,” and one as a “sell.” As reported by MarketBeat.com, the consensus rating for Walt Disney is “Moderate Buy,” with a price target averaging $134.41.
The Walt Disney Company continues to be a dominant player in the entertainment industry, operating through several segments, including film and television production, streaming, and multimedia entertainment. Its diverse offerings under various brand names ensure its ongoing relevance and appeal in a competitive market.
