Pittenger & Anderson Inc. Sells 64,605 Shares of The Walt Disney Company $DIS

Pittenger & Anderson Inc. lessened its holdings in The Walt Disney Company (NYSE:DIS) by 97.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,498 shares of the entertainment giant’s stock after selling 64,605 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Walt Disney were worth $186,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. J. Safra Sarasin Holding AG boosted its stake in shares of Walt Disney by 8.1% in the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock valued at $21,983,000 after purchasing an additional 16,781 shares during the last quarter. Planning Directions Inc. bought a new position in Walt Disney during the 1st quarter worth approximately $326,000. Kingstone Capital Partners Texas LLC bought a new position in Walt Disney during the 2nd quarter worth approximately $4,220,599,000. Wedge Capital Management L L P NC boosted its stake in Walt Disney by 8,744.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock worth $39,724,000 after acquiring an additional 316,707 shares during the last quarter. Finally, WoodTrust Financial Corp boosted its stake in Walt Disney by 6.7% during the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant’s stock worth $9,491,000 after acquiring an additional 6,047 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

NYSE DIS opened at $114.32 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The company has a market capitalization of $205.54 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 1.47 and a beta of 1.54. The firm’s 50 day moving average is $114.86 and its 200-day moving average is $111.21.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share 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 business had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. During the same period last year, the business earned $1.39 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. Equities research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on DIS. Guggenheim lifted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Chardan Capital reissued a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Raymond James Financial reissued a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Susquehanna reissued a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Jefferies Financial Group lowered shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.90.

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.