The Walt Disney Company (NYSE:DIS) Shares Bought by Pegasus Asset Management Inc.

Pegasus Asset Management Inc. lifted its holdings in The Walt Disney Company (NYSE:DIS) by 2.7% during the third quarter, Holdings Channel reports. The fund owned 34,202 shares of the entertainment giant’s stock after buying an additional 889 shares during the quarter. Walt Disney makes up 1.3% of Pegasus Asset Management Inc.’s holdings, making the stock its 27th largest holding. Pegasus Asset Management Inc.’s holdings in Walt Disney were worth $3,290,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DIS. Jennison Associates LLC purchased a new position in Walt Disney in the 1st quarter valued at about $1,490,492,000. Capital World Investors boosted its holdings in Walt Disney by 3,332.4% in the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after purchasing an additional 6,084,993 shares during the last quarter. Swedbank AB purchased a new stake in shares of Walt Disney in the 1st quarter valued at approximately $493,715,000. Farallon Capital Management LLC acquired a new stake in shares of Walt Disney during the 2nd quarter worth approximately $355,673,000. Finally, Ontario Teachers Pension Plan Board purchased a new stake in shares of Walt Disney during the 1st quarter valued at approximately $425,567,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the acquisition, the director now owns 22,313 shares in the company, valued at $1,897,943.78. The trade was a 100.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on DIS. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Wells Fargo & Company cut their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Piper Sandler began coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target for the company. Finally, Macquarie decreased their price objective on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, September 19th. Five research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Stock Up 0.3 %

Shares of DIS traded up $0.27 during midday trading on Tuesday, hitting $96.89. The company had a trading volume of 2,498,586 shares, compared to its average volume of 10,926,778. The company’s 50-day simple moving average is $91.94 and its 200-day simple moving average is $98.60. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a 1 year low of $79.23 and a 1 year high of $123.74. The firm has a market capitalization of $176.63 billion, a P/E ratio of 105.08, a P/E/G ratio of 1.49 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, sell-side analysts expect that The Walt Disney Company will post 4.92 EPS for the current year.

About Walt Disney

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.