Pittenger & Anderson Inc. Purchases 65,505 Shares of The Walt Disney Company (NYSE:DIS)

Pittenger & Anderson Inc. raised its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 10,954.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,103 shares of the entertainment giant's stock after acquiring an additional 65,505 shares during the period. Pittenger & Anderson Inc.'s holdings in Walt Disney were worth $6,524,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. TruNorth Capital Management LLC boosted its holdings in shares of Walt Disney by 83.3% during the first quarter. TruNorth Capital Management LLC now owns 2,048 shares of the entertainment giant's stock worth $202,000 after acquiring an additional 931 shares during the period. Platform Technology Partners bought a new stake in shares of Walt Disney in the first quarter valued at approximately $646,000. BankPlus Trust Department boosted its stake in shares of Walt Disney by 19.2% in the first quarter. BankPlus Trust Department now owns 16,895 shares of the entertainment giant's stock valued at $1,668,000 after buying an additional 2,723 shares during the period. Arizona State Retirement System boosted its stake in shares of Walt Disney by 1.0% in the first quarter. Arizona State Retirement System now owns 531,461 shares of the entertainment giant's stock valued at $52,455,000 after buying an additional 5,503 shares during the period. Finally, Ballentine Partners LLC boosted its stake in shares of Walt Disney by 1.1% in the first quarter. Ballentine Partners LLC now owns 26,928 shares of the entertainment giant's stock valued at $2,658,000 after buying an additional 283 shares during the period. Institutional investors own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

DIS has been the subject of several recent research reports. Morgan Stanley boosted their price target on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research note on Thursday, May 8th. Citigroup boosted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday. Guggenheim boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Finally, Barclays boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $127.35.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president directly owned 46,831 shares in the company, valued at $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is owned by insiders.

Walt Disney Stock Down 1.4%

Shares of NYSE:DIS opened at $119.82 on Friday. The company has a fifty day moving average of $114.90 and a 200-day moving average of $106.66. The company has a market capitalization of $215.41 billion, a PE ratio of 24.50, a price-to-earnings-growth ratio of 1.75 and a beta of 1.56. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. The business had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. Walt Disney's quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.21 earnings per share. On average, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.

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