PNC Financial Services Group Inc. Raises Holdings in The Walt Disney Company $DIS

PNC Financial Services Group Inc. lifted its position in shares of The Walt Disney Company (NYSE:DIS) by 0.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,287,808 shares of the entertainment giant’s stock after purchasing an additional 16,634 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Walt Disney were worth $283,711,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney during the 1st quarter worth $26,000. DiNuzzo Private Wealth Inc. boosted its position in shares of 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 period. Harbor Asset Planning Inc. purchased a new stake in shares of Walt Disney in the second quarter worth about $37,000. RMG Wealth Management LLC acquired a new stake in shares of Walt Disney in the second quarter valued at about $49,000. Finally, Wealth Preservation Advisors LLC purchased a new position in Walt Disney in the 1st quarter worth approximately $53,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on DIS. UBS Group raised their price target on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. 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. Stephens reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Morgan Stanley increased their target price on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Finally, Arete Research raised Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. Nineteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.90.

Walt Disney Stock Up 2.4%

DIS opened at $114.93 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The stock’s 50 day moving average price is $113.26 and its 200 day moving average price is $114.33. The stock has a market cap of $206.64 billion, a P/E ratio of 18.01, a P/E/G ratio of 1.45 and a beta of 1.55.

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.