Concurrent Investment Advisors LLC Grows Stock Position in The Walt Disney Company (NYSE:DIS)

Concurrent Investment Advisors LLC grew its holdings in The Walt Disney Company (NYSE:DIS) by 8.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,744 shares of the entertainment giant’s stock after purchasing an additional 5,184 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Walt Disney were worth $6,420,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DIS. Transcendent Capital Group LLC increased its position in Walt Disney by 1.4% during the 1st quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant’s stock worth $968,000 after buying an additional 108 shares during the period. ADE LLC grew its holdings in Walt Disney by 4.6% during the 2nd quarter. ADE LLC now owns 2,509 shares of the entertainment giant’s stock worth $249,000 after acquiring an additional 110 shares during the period. Absher Wealth Management LLC lifted its stake in shares of Walt Disney by 0.8% in the 3rd quarter. Absher Wealth Management LLC now owns 14,141 shares of the entertainment giant’s stock valued at $1,360,000 after purchasing an additional 111 shares during the period. Archford Capital Strategies LLC grew its stake in Walt Disney by 2.3% during the second quarter. Archford Capital Strategies LLC now owns 4,966 shares of the entertainment giant’s stock worth $493,000 after purchasing an additional 112 shares during the period. Finally, Zhang Financial LLC lifted its stake in Walt Disney by 5.7% in the second quarter. Zhang Financial LLC now owns 2,078 shares of the entertainment giant’s stock valued at $206,000 after buying an additional 112 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This represents a 100.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.

Walt Disney Trading Up 2.3 %

Shares of Walt Disney stock traded up $2.24 on Wednesday, hitting $98.87. 3,300,585 shares of the company traded hands, compared to its average volume of 10,714,847. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company has a market cap of $179.31 billion, a PE ratio of 37.18, a PEG ratio of 1.52 and a beta of 1.40. The stock’s 50 day moving average price is $93.36 and its 200-day moving average price is $97.11. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same quarter in the prior year, the business posted $1.03 EPS. Walt Disney’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities research analysts predict that The Walt Disney Company will post 4.93 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DIS. Piper Sandler assumed coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price on the stock. Loop Capital dropped their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Macquarie dropped their price objective on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, September 19th. Finally, Bank of America dropped their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $118.05.

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.