Concentric Capital Strategies LP Takes $317,000 Position in The Walt Disney Company (NYSE:DIS)

Concentric Capital Strategies LP purchased a new position in shares of The Walt Disney Company (NYSE:DIS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 2,845 shares of the entertainment giant’s stock, valued at approximately $317,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DIS. FPC Investment Advisory Inc. purchased a new stake in shares of Walt Disney during the fourth quarter worth $28,000. Tacita Capital Inc raised its stake in shares of Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after purchasing an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Walt Disney during the 4th quarter valued at about $32,000. Midwest Capital Advisors LLC bought a new stake in shares of Walt Disney in the 4th quarter valued at approximately $34,000. Finally, Bay Harbor Wealth Management LLC acquired a new position in Walt Disney in the fourth quarter worth approximately $35,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Shares of NYSE:DIS opened at $105.26 on Friday. The company has a market capitalization of $190.28 billion, a price-to-earnings ratio of 34.29, a P/E/G ratio of 1.80 and a beta of 1.49. The firm’s 50 day simple moving average is $93.92 and its 200 day simple moving average is $104.05. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $118.63.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS 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 analysts’ expectations of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.21 EPS. As a group, sell-side analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research note on Thursday. UBS Group lifted their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup restated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Wednesday, January 22nd. Prescient Securities decreased their price target on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Finally, Barclays raised their price objective on Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $123.54.

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.