RNC Capital Management Adjusts Walt Disney Holdings, Sells 365 Shares

RNC Capital Management LLC has reduced its stake in The Walt Disney Company (NYSE: DIS) by selling 365 shares, bringing its total holdings to 49,646 shares. This decision was disclosed in the firm’s latest filing with the Securities and Exchange Commission (SEC). As of the end of the second quarter, RNC’s shares in Disney were valued at approximately $6.16 million.

Several other institutional investors have also adjusted their positions in the entertainment giant recently. J. Safra Sarasin Holding AG increased its holdings by 8.1% during the first quarter, now owning 222,747 shares worth about $21.98 million. Meanwhile, Planning Directions Inc. and Kingstone Capital Partners Texas LLC made new investments in Walt Disney, with the latter committing approximately $4.22 billion.

Notably, Wedge Capital Management L L P NC saw a dramatic increase in its stake, growing by an astonishing 8,744.0% to own 320,329 shares valued at around $39.72 million. Currently, institutional investors collectively hold 65.71% of Disney’s stock.

Current Market Performance

On Thursday, Disney’s shares opened at $113.00, reflecting a decline of 1.1%. The company boasts a market capitalization of $203.16 billion and has maintained a debt-to-equity ratio of 0.32. Recent performance metrics show a current ratio of 0.72 and a quick ratio of 0.66. Over the past year, Disney’s stock has fluctuated between a low of $80.10 and a high of $124.69.

Analysts have been active in evaluating Disney’s stock, with differing opinions on its future performance. Keefe, Bruyette & Woods has reaffirmed a “market perform” rating, while UBS Group raised its price target from $120.00 to $138.00, maintaining a “buy” rating. Rosenblatt Securities also reiterated a “buy” rating, setting a price target of $141.00.

In contrast, Jefferies Financial Group downgraded Disney from a “strong-buy” to a “hold” rating. With a total of nineteen analysts rating the stock as a “buy” and eight as a “hold,” the consensus rating is classified as “Moderate Buy,” with an average price target of $132.90 according to MarketBeat.

Walt Disney Company Overview

The Walt Disney Company operates globally as a diversified entertainment entity. It functions through three principal segments: Entertainment, Sports, and Experiences. Disney is involved in producing and distributing film and television content across various platforms, including the ABC Television Network, Disney Channel, Freeform, FX, and National Geographic.

The company also creates original content under renowned banners such as Pixar, Marvel, Lucasfilm, and more. As the entertainment landscape continues to evolve, Disney remains a key player, adapting its strategies to maintain relevance in a competitive market.

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