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

Concentric Capital Strategies LP bought a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,845 shares of the entertainment giant's stock, valued at approximately $317,000.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Walt Disney in the fourth quarter worth about $2,415,427,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Walt Disney by 75.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock valued at $1,209,050,000 after buying an additional 4,680,930 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock worth $2,137,637,000 after purchasing an additional 3,636,742 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Walt Disney during the fourth quarter worth approximately $358,151,000. Finally, Boston Partners bought a new stake in Walt Disney in the 4th quarter valued at $350,707,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Analysts Set New Price Targets

DIS has been the topic of a number of analyst reports. Loop Capital increased their target price on shares of Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday. The Goldman Sachs Group lifted their price target on shares of Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Barclays boosted their price target on Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday. UBS Group lifted their target price on Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Morgan Stanley lifted their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Walt Disney presently has a consensus rating of "Moderate Buy" and an average price target of $123.54.

Walt Disney Stock Up 0.8 %

Shares of DIS stock traded up $0.81 during mid-day trading on Friday, hitting $105.93. The company's stock had a trading volume of 10,435,544 shares, compared to its average volume of 10,005,668. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $118.63. The stock has a market cap of $191.50 billion, a price-to-earnings ratio of 34.50, a PEG ratio of 1.80 and a beta of 1.49. The business has a 50-day moving average price of $93.86 and a 200 day moving average price of $104.11.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The business had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the previous year, the firm earned $1.21 EPS. Walt Disney's revenue was up 7.0% on a year-over-year basis. Research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.