Pegasus Asset Management Inc. Raises Holdings in The Walt Disney Company (NYSE:DIS)

Pegasus Asset Management Inc. grew its position in shares of The Walt Disney Company (NYSE:DIS) by 4.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,211 shares of the entertainment giant’s stock after purchasing an additional 1,466 shares during the quarter. Walt Disney makes up about 1.4% of Pegasus Asset Management Inc.’s holdings, making the stock its 27th largest position. Pegasus Asset Management Inc.’s holdings in Walt Disney were worth $3,574,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in DIS. Norges Bank acquired a new position in Walt Disney in the 4th quarter valued at about $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Walt Disney by 1,900.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant’s stock valued at $638,699,000 after acquiring an additional 5,449,158 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Walt Disney by 75.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock valued at $1,209,050,000 after acquiring an additional 4,680,930 shares during the period. Raymond James Financial Inc. acquired a new position in Walt Disney in the 4th quarter valued at about $358,151,000. Finally, Boston Partners acquired a new position in Walt Disney in the 4th quarter valued at about $350,707,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the company’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the transaction, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.16% of the company’s stock.

Walt Disney Trading Down 1.1%

Shares of Walt Disney stock opened at $118.18 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $120.50. The company has a market capitalization of $212.46 billion, a P/E ratio of 24.17, a P/E/G ratio of 1.75 and a beta of 1.54. The business has a 50 day moving average price of $102.86 and a 200 day moving average price of $105.79.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The firm had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same period in the previous year, the firm posted $1.21 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. Sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DIS shares. Rosenblatt Securities boosted their price target on Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Guggenheim dropped their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. UBS Group lifted their price objective on Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Loop Capital lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, June 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a report on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $123.96.

Walt Disney Company Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.