Concurrent Investment Advisors LLC Grows Position in The Walt Disney Company $DIS

Concurrent Investment Advisors LLC raised its holdings in The Walt Disney Company (NYSE:DIS) by 4.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,707 shares of the entertainment giant’s stock after acquiring an additional 2,982 shares during the period. Concurrent Investment Advisors LLC’s holdings in Walt Disney were worth $9,016,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney in the 1st quarter valued at about $26,000. DiNuzzo Private Wealth Inc. raised its holdings in shares of Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after acquiring an additional 94 shares in the last quarter. Kessler Investment Group LLC raised its holdings in shares of Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after buying an additional 200 shares in the last quarter. First PREMIER Bank raised its holdings in shares of Walt Disney by 72.2% during the 1st quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock valued at $48,000 after buying an additional 205 shares in the last quarter. Finally, RMG Wealth Management LLC purchased a new position in shares of Walt Disney during the 2nd quarter valued at about $49,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on DIS. Evercore ISI raised their price objective on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Susquehanna reissued a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Barclays raised their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Needham & Company LLC reissued a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Tuesday, September 23rd. Finally, Chardan Capital reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $131.18.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $109.17 on Monday. 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 business’s 50 day simple moving average is $115.36 and its two-hundred day simple moving average is $110.48. The stock has a market capitalization of $196.27 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 1.43 and a beta of 1.54. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. The firm had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $1.39 EPS. Analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

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.