Pacific Heights Asset Management LLC Acquires 37,000 Shares of The Walt Disney Company $DIS

Pacific Heights Asset Management LLC grew its holdings in The Walt Disney Company (NYSE:DIS) by 32.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 150,000 shares of the entertainment giant’s stock after acquiring an additional 37,000 shares during the period. Pacific Heights Asset Management LLC’s holdings in Walt Disney were worth $17,175,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DIS. DiNuzzo Private Wealth Inc. lifted its stake in shares of Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after purchasing an additional 94 shares during the last quarter. Copeland Capital Management LLC bought a new position in Walt Disney during the third quarter valued at about $25,000. Harbor Asset Planning Inc. acquired a new stake in shares of Walt Disney in the second quarter worth about $37,000. Total Investment Management Inc. bought a new stake in shares of Walt Disney during the 2nd quarter worth about $37,000. Finally, Howard Hughes Medical Institute acquired a new position in shares of Walt Disney during the 2nd quarter valued at about $48,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DIS. Raymond James Financial restated a “market perform” rating on shares of Walt Disney in a report on Friday, November 14th. Wall Street Zen cut shares of Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $141.00 price objective on shares of Walt Disney in a report on Friday, October 17th. Arete Research upgraded shares of Walt Disney to a “strong sell” rating in a report on Tuesday, October 28th. Finally, Phillip Securities upgraded shares of Walt Disney to a “moderate buy” rating in a report on Monday, January 12th. Nineteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $135.20.

Walt Disney Price Performance

NYSE:DIS opened at $111.35 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.71 and a quick ratio of 0.65. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company has a fifty day moving average price of $109.98 and a 200 day moving average price of $113.73. The stock has a market cap of $198.79 billion, a P/E ratio of 16.23, a PEG ratio of 1.55 and a beta of 1.44.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.08. The company had revenue of $22.46 billion for the quarter, compared to analyst estimates of $22.78 billion. Walt Disney had a net margin of 13.14% and a return on equity of 9.37%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the business posted $1.14 EPS. Analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be paid a dividend of $0.75 per share. This represents a yield of 139.0%. The ex-dividend date is Tuesday, June 30th. Walt Disney’s payout ratio is currently 21.87%.

Walt Disney Profile

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.