The Walt Disney Company (NYSE:DIS) Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its stake in The Walt Disney Company (NYSE:DIS) by 10.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,560 shares of the entertainment giant’s stock after purchasing an additional 6,068 shares during the period. Concurrent Investment Advisors LLC’s holdings in Walt Disney were worth $6,112,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Savant Capital LLC lifted its position in Walt Disney by 1.9% during the 4th quarter. Savant Capital LLC now owns 45,296 shares of the entertainment giant’s stock worth $4,090,000 after acquiring an additional 838 shares during the period. Global Wealth Management Investment Advisory Inc. raised its stake in shares of Walt Disney by 5.8% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 2,427 shares of the entertainment giant’s stock worth $219,000 after purchasing an additional 133 shares during the last quarter. Orion Capital Management LLC lifted its holdings in shares of Walt Disney by 34.6% during the fourth quarter. Orion Capital Management LLC now owns 584 shares of the entertainment giant’s stock worth $53,000 after purchasing an additional 150 shares during the period. Great Valley Advisor Group Inc. boosted its position in Walt Disney by 37.4% in the fourth quarter. Great Valley Advisor Group Inc. now owns 57,477 shares of the entertainment giant’s stock valued at $5,190,000 after buying an additional 15,637 shares during the last quarter. Finally, LGT Group Foundation increased its holdings in Walt Disney by 12.4% in the 4th quarter. LGT Group Foundation now owns 191,519 shares of the entertainment giant’s stock worth $17,313,000 after buying an additional 21,063 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on DIS shares. Needham & Company LLC decreased their price objective on shares of Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Barclays lowered their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Bank of America decreased their price objective on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Moffett Nathanson dropped their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $117.95.

Walt Disney Stock Up 0.6 %

Shares of NYSE DIS opened at $90.38 on Friday. The firm has a market cap of $163.91 billion, a price-to-earnings ratio of 98.24, a price-to-earnings-growth ratio of 1.34 and a beta of 1.40. The company’s 50-day simple moving average is $93.23 and its 200-day simple moving average is $103.99. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same period in the previous year, the firm posted $1.03 EPS. Walt Disney’s revenue was up 3.9% compared to the same quarter last year. Equities analysts predict that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Insider Transactions at Walt Disney

In other news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the purchase, the director now owns 22,313 shares in the company, valued at $1,897,943.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

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.