Pinnacle Associates Ltd. boosted its stake in shares of Walt Disney Co (NYSE:DIS) by 54.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 160,855 shares of the entertainment giant’s stock after buying an additional 56,621 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Walt Disney were worth $15,539,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp lifted its holdings in shares of Walt Disney by 0.8% in the first quarter. State Street Corp now owns 74,952,278 shares of the entertainment giant’s stock valued at $7,240,390,000 after purchasing an additional 565,404 shares in the last quarter. Geode Capital Management LLC raised its stake in Walt Disney by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 25,971,783 shares of the entertainment giant’s stock worth $3,748,495,000 after purchasing an additional 548,830 shares during the period. Norges Bank acquired a new stake in shares of Walt Disney in the fourth quarter worth $2,572,048,000. Charles Schwab Investment Management Inc. increased its position in shares of Walt Disney by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,269,782 shares of the entertainment giant’s stock worth $1,196,059,000 after acquiring an additional 100,637 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Walt Disney by 7.1% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,768,687 shares of the entertainment giant’s stock valued at $750,455,000 after purchasing an additional 512,407 shares in the last quarter. 62.81% of the stock is currently owned by institutional investors.

NYSE DIS traded up $3.43 on Wednesday, hitting $122.18. 8,929,026 shares of the company were exchanged, compared to its average volume of 21,672,342. The firm has a 50 day moving average of $109.06 and a two-hundred day moving average of $126.20. The company has a market cap of $214.49 billion, a P/E ratio of 41.02, a P/E/G ratio of 14.06 and a beta of 1.09. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 0.45. Walt Disney Co has a 1-year low of $79.07 and a 1-year high of $153.41.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.23). Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The business had revenue of $18.01 billion for the quarter, compared to analyst estimates of $17.49 billion. During the same quarter in the previous year, the company posted $1.61 earnings per share. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. Research analysts anticipate that Walt Disney Co will post 1.66 EPS for the current fiscal year.

DIS has been the subject of several recent analyst reports. Wells Fargo & Co lowered shares of Walt Disney from an “overweight” rating to an “equal weight” rating in a report on Sunday, April 19th. Moffett Nathanson lowered shares of Walt Disney from a “buy” rating to a “neutral” rating and set a $112.00 price objective for the company. in a report on Monday, May 4th. Bank of America reissued a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Wednesday, February 26th. BMO Capital Markets reduced their price target on shares of Walt Disney from $150.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. Finally, SunTrust Banks raised their price target on shares of Walt Disney from $110.00 to $160.00 and gave the stock a “hold” rating in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the stock. Walt Disney currently has an average rating of “Hold” and a consensus price target of $126.50.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

Read More: Example of operating income, EBIT and EBITDA

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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