Pinnacle Wealth Management Advisory Group LLC Raises Holdings in The Walt Disney Company (NYSE:DIS)

Pinnacle Wealth Management Advisory Group LLC boosted its stake in The Walt Disney Company (NYSE:DIS) by 1.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 43,555 shares of the entertainment giant’s stock after acquiring an additional 709 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Walt Disney were worth $3,933,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Walt Disney by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 149,887,754 shares of the entertainment giant’s stock valued at $12,148,402,000 after buying an additional 994,575 shares during the period. Morgan Stanley increased its stake in Walt Disney by 0.4% during the third quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock worth $3,592,010,000 after acquiring an additional 195,512 shares during the last quarter. Trian Fund Management L.P. raised its holdings in shares of Walt Disney by 411.6% in the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after purchasing an additional 26,443,257 shares during the period. Northern Trust Corp lifted its stake in shares of Walt Disney by 10.6% in the 3rd quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock valued at $2,014,861,000 after purchasing an additional 2,384,407 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its holdings in shares of Walt Disney by 21.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 14,416,343 shares of the entertainment giant’s stock worth $1,168,444,000 after purchasing an additional 2,505,486 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DIS has been the subject of a number of analyst reports. UBS Group decreased their price objective on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday. Loop Capital lifted their price objective on Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a report on Monday. Needham & Company LLC restated a “buy” rating and issued a $145.00 price target on shares of Walt Disney in a research note on Tuesday. JPMorgan Chase & Co. initiated coverage on shares of Walt Disney in a research note on Thursday, April 11th. They set an “overweight” rating and a $140.00 price objective on the stock. Finally, Rosenblatt Securities increased their price target on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $126.46.

Insider Transactions at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

Walt Disney stock traded up $0.37 during mid-day trading on Thursday, hitting $105.81. 8,775,279 shares of the company’s stock traded hands, compared to its average volume of 12,060,543. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The firm has a 50 day moving average price of $114.59 and a 200 day moving average price of $101.21. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The company has a market cap of $194.09 billion, a PE ratio of 114.74, a price-to-earnings-growth ratio of 1.39 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $22.12 billion. During the same period in the previous year, the firm earned $0.93 EPS. Walt Disney’s revenue was up 1.2% on a year-over-year basis. On average, equities analysts forecast that The Walt Disney Company will post 4.7 EPS for the current 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.