Pacific Heights Asset Management LLC Acquires 38,000 Shares of The Walt Disney Company $DIS

Pacific Heights Asset Management LLC increased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 50.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 113,000 shares of the entertainment giant’s stock after acquiring an additional 38,000 shares during the quarter. Pacific Heights Asset Management LLC’s holdings in Walt Disney were worth $14,013,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. DiNuzzo Private Wealth Inc. increased its position in Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after buying an additional 94 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney in the first quarter worth $26,000. Kessler Investment Group LLC increased its position in Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after buying an additional 200 shares during the last quarter. Harbor Asset Planning Inc. purchased a new stake in Walt Disney in the second quarter worth $37,000. Finally, RMG Wealth Management LLC purchased a new stake in Walt Disney in the second quarter worth $49,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. UBS Group raised their target price on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of Walt Disney in a research report on Wednesday, October 8th. Morgan Stanley lifted their price target on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Wall Street Zen cut Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Evercore ISI lifted their price target on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Nineteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and an average target price of $132.90.

Walt Disney Price Performance

NYSE:DIS opened at $114.32 on Wednesday. The firm has a market capitalization of $205.54 billion, a price-to-earnings ratio of 17.92, a P/E/G ratio of 1.47 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The stock has a fifty day moving average of $114.86 and a 200 day moving average of $111.21. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.39 EPS. On average, research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney 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.