Pinnacle West Asset Management Inc. bought a new stake in shares of The Walt Disney Company (NYSE:DIS – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,463 shares of the entertainment giant’s stock, valued at approximately $1,296,000.
A number of other large investors have also recently added to or reduced their stakes in the business. AlpenGlobal Capital LLC acquired a new position in Walt Disney in the second quarter worth approximately $3,660,000. Jupiter Wealth Management LLC bought a new position in shares of Walt Disney in the second quarter valued at $421,000. Flossbach Von Storch SE acquired a new stake in shares of Walt Disney during the 2nd quarter valued at $9,782,000. Great Lakes Advisors LLC acquired a new stake in shares of Walt Disney during the 2nd quarter valued at $7,904,000. Finally, Danske Bank A S bought a new stake in shares of Walt Disney during the 2nd quarter worth $105,483,000. 65.71% of the stock is currently owned by institutional investors.
Walt Disney Trading Up 0.6%
NYSE DIS opened at $107.93 on Friday. The Walt Disney Company has a twelve month low of $92.18 and a twelve month high of $119.78. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.65 and a current ratio of 0.71. The stock has a market cap of $186.36 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 1.26 and a beta of 1.39. The firm’s 50 day moving average price is $99.95 and its two-hundred day moving average price is $101.47.
Analyst Ratings Changes
A number of equities analysts recently issued reports on DIS shares. Wells Fargo & Company lifted their target price on Walt Disney from $125.00 to $132.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Benchmark reaffirmed a “buy” rating and set a $115.00 target price on shares of Walt Disney in a report on Thursday, August 6th. Barclays increased their price target on Walt Disney from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Guggenheim reissued a “buy” rating and issued a $120.00 price target on shares of Walt Disney in a research note on Thursday, August 6th. Finally, Argus restated a “buy” rating and set a $134.00 price objective on shares of Walt Disney in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $128.61.
Check Out Our Latest Report on Walt Disney
Key Stories Impacting Walt Disney
Here are the key news stories impacting Walt Disney this week:
- Positive Sentiment: Disney struck a content partnership with Dhar Mann Studios, including a 20-episode series order. The deal expands Disney’s pipeline with creator-led, potentially cost-efficient programming and could support engagement across its streaming and media platforms. Disney Strikes Content Deal With Dhar Mann Studios
- Positive Sentiment: Analyst commentary remains constructive, with Morgan Stanley describing a potential path to $125. The thesis points to new theme-park and cruise capacity, stronger guest spending and improving demand. Disney’s advertising-supported streaming tiers may also provide resilience during an economic slowdown. Morgan Stanley Outlines Path to $125 Streaming Stocks in a Recession
- Positive Sentiment: Disney plans to launch an employee stock-purchase program and change health-insurance plans. The stock program could better align employees with shareholders, while benefits changes may help control expenses. Disney Employee Stock Purchase Program
- Neutral Sentiment: A new Disney-NFL apparel collection and additional Walt Disney World merchandise and Halloween preparations highlight continued efforts to monetize valuable intellectual property, but these announcements are unlikely to materially change near-term earnings. Disney NFL Apparel Collection
- Negative Sentiment: Executive Vice President Paul Roeder sold 3,596 DIS shares for approximately $382,000. The transaction may modestly weigh on sentiment, although a single insider sale does not necessarily signal a change in Disney’s business outlook. Disney Executive Stock Sale
Insiders Place Their Bets
In related news, EVP Brent Woodford sold 7,238 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $105.31, for a total transaction of $762,233.78. Following the transaction, the executive vice president directly owned 62,323 shares of the company’s stock, valued at approximately $6,563,235.13. The trade was a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul M. Roeder sold 3,596 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $106.32, for a total value of $382,326.72. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.17% of the company’s stock.
About Walt Disney
The Walt Disney Company (NYSE: DIS), commonly known as Disney, is a diversified global entertainment and media conglomerate headquartered in Burbank, California. Founded in 1923 by Walt and Roy O. Disney, the company grew from an animation studio into a multi‑national entertainment enterprise known for iconic intellectual property and family‑oriented storytelling. Disney’s operations span film and television production, streaming services, theme parks and resorts, consumer products, and live entertainment.
On the content side, Disney produces and distributes feature films and television programming through a portfolio of studios and labels that includes Walt Disney Pictures, Pixar, Marvel Studios, Lucasfilm and 20th Century Studios, along with broadcast and cable networks such as ABC, FX and National Geographic.
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