Pittenger & Anderson Inc. Has $186,000 Stock Holdings in The Walt Disney Company $DIS

Key Points

• Pittenger & Anderson Inc. has significantly reduced its stake in The Walt Disney Company by 97.7%, now holding just 1,498 shares valued at approximately $186,000.
• Other hedge funds have adjusted their positions, with DiNuzzo Private Wealth Inc. increasing its stake by 82.5% in the second quarter.
• The Walt Disney Company reported an EPS of $1.61, exceeding analysts' expectations of $1.45, with a net revenue of $23.65 billion for the quarter.

Pittenger & Anderson Inc. decreased its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 97.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. DiNuzzo Private Wealth Inc. raised 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 buying an additional 94 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Walt Disney during the 1st quarter worth about $26,000. Kessler Investment Group LLC increased its position in shares of Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after purchasing an additional 200 shares in the last quarter. Harbor Asset Planning Inc. acquired a new stake in shares of Walt Disney during the 2nd quarter worth about $37,000. Finally, RMG Wealth Management LLC acquired a new stake in shares of Walt Disney during the 2nd quarter worth about $49,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Stock Up 2.1%

Shares of NYSE:DIS opened at $114.32 on Wednesday. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The company's 50-day moving average price is $114.86 and its two-hundred day moving average price is $111.21. 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 firm has a market cap of $205.54 billion, a P/E ratio of 17.92, a P/E/G ratio of 1.47 and a beta of 1.54.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $23.69 billion. During the same quarter in the prior year, the firm earned $1.39 EPS. The company's revenue was up 2.1% on a year-over-year basis. As a group, research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DIS has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of Walt Disney from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. Evercore ISI increased their target price on shares of Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Guggenheim increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Jefferies Financial Group cut shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Finally, JPMorgan Chase & Co. increased their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Nineteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and an average price target of $132.90.

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.

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