AE Wealth Management LLC increased its stake in The Walt Disney Company by 12.5% during the third quarter, adding 22,176 shares to reach a total holding of 199,558 shares. At the end of the period, the position was valued at $22,849,000, making it one of the larger concentrated bets on the entertainment and media conglomerate within AE Wealth’s portfolio.

A range of smaller institutional investors also initiated or expanded their Disney exposures in recent quarters. Copeland Capital Management acquired a new position valued at approximately $25,000 in Q3, while Pilgrim Partners Asia and Harbor Asset Planning each established stakes near $33,000 and $37,000 respectively. Navigoe LLC significantly increased its holding by 89.2%, purchasing an additional 190 shares to reach 403 shares, reflecting growing confidence among mid-sized asset managers. In total, institutional investors now control roughly 65.7% of Disney’s outstanding shares.

Disney has drawn attention from leading brokerages, with Citigroup revising its target from $145 to $140 while maintaining a Buy rating. UBS Group and Guggenheim both reaffirmed Buy ratings with targets of $138 and $140 respectively, and Needham & Company reiterated its Buy stance with a $125 objective. Across 26 analyst reports, 19 recommend Buy, six Hold and one Sell, resulting in a consensus Moderate Buy rating and an average price target of $135.20, signaling analyst confidence in the company’s long-term growth trajectory.

In its latest quarter, Disney reported revenue of $22.46 billion, slightly below consensus expectations, but delivered adjusted earnings per share of $1.11, surpassing forecasts by $0.08. The company’s return on equity stood at 9.37% and net margin at 13.14%. Management announced a quarterly dividend of $0.75 per share, representing a payout ratio just under 22% and a yield in line with historical distributions, with payment scheduled for July 22 to shareholders of record as of June 30.