PNC Financial Services Group Inc. Sells 4,091 Shares of The Walt Disney Company (NYSE:DIS)

PNC Financial Services Group Inc. lowered its stake in The Walt Disney Company (NYSE:DIS) by 0.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,309,515 shares of the entertainment giant’s stock after selling 4,091 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Walt Disney were worth $222,152,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. William B. Walkup & Associates Inc. bought a new stake in Walt Disney in the second quarter valued at $32,000. Mascoma Wealth Management LLC grew its stake in shares of Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 122 shares during the period. First PREMIER Bank grew its stake in shares of Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after buying an additional 256 shares during the period. Iron Horse Wealth Management LLC increased its position in Walt Disney by 148.7% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock valued at $55,000 after buying an additional 333 shares in the last quarter. Finally, Livelsberger Financial Advisory acquired a new position in Walt Disney during the 3rd quarter worth approximately $57,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Down 1.3 %

Walt Disney stock opened at $113.55 on Tuesday. The firm has a market capitalization of $205.63 billion, a price-to-earnings ratio of 41.90, a P/E/G ratio of 1.85 and a beta of 1.40. The firm has a 50 day simple moving average of $96.07 and a 200 day simple moving average of $96.60. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Needham & Company LLC increased their target price on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Piper Sandler began coverage on shares of Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price on the stock. Bank of America raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. decreased their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average price target of $123.83.

Walt Disney 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.