Pegasus Asset Management Inc. Boosts Holdings in The Walt Disney Company $DIS

Pegasus Asset Management Inc. boosted its position in shares of The Walt Disney Company (NYSE:DIS) by 3.1% in the second quarter, HoldingsChannel reports. The fund owned 37,341 shares of the entertainment giant’s stock after purchasing an additional 1,130 shares during the quarter. Walt Disney makes up 1.6% of Pegasus Asset Management Inc.’s portfolio, making the stock its 22nd largest position. Pegasus Asset Management Inc.’s holdings in Walt Disney were worth $4,631,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in DIS. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Walt Disney in the first quarter worth $26,000. DiNuzzo Private Wealth Inc. grew its position in Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after buying an additional 94 shares during the period. Kessler Investment Group LLC grew its position in Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after buying an additional 200 shares during the period. First PREMIER Bank grew its position in Walt Disney by 72.2% during the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock valued at $48,000 after buying an additional 205 shares during the period. Finally, RMG Wealth Management LLC acquired a new stake in shares of Walt Disney in the second quarter valued at about $49,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Raymond James Financial reiterated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Morgan Stanley lifted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Evercore ISI boosted their price target on shares of Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $131.18.

Walt Disney Stock Down 1.6%

Shares of NYSE:DIS opened at $109.17 on Monday. The firm has a 50 day simple moving average of $115.36 and a 200-day simple moving average of $110.48. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a market capitalization of $196.27 billion, a PE ratio of 17.11, a P/E/G ratio of 1.43 and a beta of 1.54. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter in the prior year, the firm earned $1.39 EPS. Walt Disney’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.