Concurrent Investment Advisors LLC Has $6.88 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Concurrent Investment Advisors LLC raised its holdings in shares of The Walt Disney Company (NYSE:DIS) by 8.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 69,725 shares of the entertainment giant’s stock after acquiring an additional 5,367 shares during the period. Concurrent Investment Advisors LLC’s holdings in Walt Disney were worth $6,882,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new stake in Walt Disney in the fourth quarter valued at about $27,000. Kessler Investment Group LLC boosted its holdings in Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after buying an additional 200 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Walt Disney during the 4th quarter worth about $32,000. Copia Wealth Management bought a new stake in shares of Walt Disney in the 4th quarter valued at about $36,000. Finally, Vision Financial Markets LLC bought a new position in Walt Disney during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Trading Up 0.8%

NYSE DIS opened at $123.98 on Friday. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The stock’s 50 day moving average price is $111.87 and its two-hundred day moving average price is $106.37. The stock has a market capitalization of $222.88 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 1.81 and a beta of 1.56.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $1.21 earnings per share. As a group, analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on DIS. Barclays boosted their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Rosenblatt Securities boosted their price target on shares of Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Morgan Stanley upped their price objective on shares of Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Loop Capital raised their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, June 10th. Finally, Guggenheim boosted their target price on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, June 27th. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.83.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the business’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president directly owned 46,831 shares of the company’s stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.16% 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.