Perpetual Ltd Acquires 9,726 Shares of The Walt Disney Company $DIS Perpetual Ltd increased its stake in The Walt Disney Company (NYSE:DIS) by 242.2% in the fourth quarter, according to a filing with the Securities & Exchange Commission. The firm added 9,726 shares to its holdings, bringing its total to 13,741 shares valued at approximately $1.56 million. This marks a significant expansion of the Australian investment firm’s position in the entertainment giant. Analyst sentiment toward Disney remains cautiously optimistic, with a consensus rating of “Moderate Buy” and an average price target of $132.81. The stock currently trades at a market cap of $171.3 billion and a P/E ratio of 14.22. Recent upgrades include Raymond James moving Disney to an “Outperform” rating, while Needham & Company reiterated a “Buy” recommendation. However, some analysts have trimmed price targets, with Wells Fargo and Deutsche Bank reducing their forecasts, which has kept the upside consensus below previous levels. Disney’s recent financial performance has also drawn attention. The company reported quarterly earnings of $1.63 per share, exceeding analyst expectations of $1.57. Revenue reached $25.98 billion, a 5.2% increase compared to the same period last year. Despite these results, concerns about dividend sustainability have emerged following a reported $50 million settlement and leadership changes, which have raised questions about short-term cash allocation for income-focused investors. Institutional investors have also adjusted their positions in Disney. Varma Mutual Pension Insurance Co raised its holdings by 8.8% in the third quarter, acquiring an additional 23,100 shares to reach 284,894 shares worth $32.62 million. Sterling Investment Counsel LLC increased its stake by 130.#securities_exchange_commission #raymond_james #the_walt_disney_company #perpetual_ltd #needham_company
