The Walt Disney Company (NYSE:DIS) Stock Position Increased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC raised its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 8.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 66,744 shares of the entertainment giant's stock after buying an additional 5,184 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Walt Disney were worth $6,420,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Transcendent Capital Group LLC grew its stake in Walt Disney by 1.4% in the 1st quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant's stock worth $968,000 after acquiring an additional 108 shares during the period. ADE LLC grew its stake in Walt Disney by 4.6% in 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 grew its stake in Walt Disney by 0.8% in the 3rd quarter. Absher Wealth Management LLC now owns 14,141 shares of the entertainment giant's stock worth $1,360,000 after acquiring an additional 111 shares during the period. Archford Capital Strategies LLC grew its stake in Walt Disney by 2.3% in the 2nd quarter. Archford Capital Strategies LLC now owns 4,966 shares of the entertainment giant's stock worth $493,000 after acquiring an additional 112 shares during the period. Finally, Zhang Financial LLC grew its stake in Walt Disney by 5.7% in the 2nd quarter. Zhang Financial LLC now owns 2,078 shares of the entertainment giant's stock worth $206,000 after acquiring an additional 112 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DIS shares. Barclays decreased 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. Needham & Company LLC reiterated a "buy" rating and issued a $110.00 price target on shares of Walt Disney in a report on Wednesday, October 23rd. Wells Fargo & Company decreased their price target on shares of Walt Disney from $136.00 to $116.00 and set an "overweight" rating on the stock in a report on Thursday, August 8th. Piper Sandler started coverage on shares of Walt Disney in a report on Wednesday, October 16th. They issued a "neutral" rating and a $95.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Walt Disney from $130.00 to $115.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $118.05.

Insider Transactions at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of the company's stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now owns 22,313 shares of the company's stock, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.10% of the company's stock.

Walt Disney Stock Up 2.3 %

Walt Disney stock traded up $2.26 during midday trading on Wednesday, hitting $98.89. 10,937,672 shares of the stock were exchanged, compared to its average volume of 10,752,051. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The firm has a market cap of $179.35 billion, a P/E ratio of 38.03, a P/E/G ratio of 1.52 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The company has a 50 day moving average price of $93.54 and a two-hundred day moving average price of $97.12.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.19. The company had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company's revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 EPS. On average, sell-side analysts predict that The Walt Disney Company will post 4.93 earnings per share for the current fiscal year.

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.