Heartland Bank & Trust Co Invests in Walt Disney Amid Analyst Optimism

Heartland Bank & Trust Co acquired a new stake in The Walt Disney Company's stock worth approximately $612,000. The institutional investor purchased 6,356 shares of DIS' stock in the second quarter, according to its most recent filing with the Securities and Exchange Commission.

The acquisition is part of a broader trend where large investors are increasing their stakes in DIS. Vanguard Group Inc., for example, lifted its holdings in Walt Disney by 0.8% during the fourth quarter, while State Street Corp grew its holdings in Walt Disney by 2.3% over the same period.

Analysts remain bullish on DIS, with JPMorgan Chase & Co. recently lifting their price target on shares of Walt Disney from $139.00 to $140.00 and giving the company an 'overweight' rating. The average rating for DIS is currently 'Moderate Buy', with an average target price of $128.61.