Perennial Investment Advisors sold Disney stock, but analysts remain bullish with a "Moderate Buy" rating.

Perennial Investment Advisors reduced its Walt Disney stock holdings by 359 shares in the fourth quarter, while other firms like Russell Investments and Resona Asset Management increased their stakes. Disney's stock price surged 75.8% during the quarter, and the company reported a stronger-than-expected $1.76 EPS, topping analysts' estimates by $0.32. Analysts forecast a $5.47 EPS for the coming fiscal year, with a "Moderate Buy" rating and a $125.33 average target price.

6 days ago
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