13,036 Shares in The Walt Disney Company (NYSE:DIS) Bought by Concord Asset Management LLC VA

Concord Asset Management LLC VA bought a new stake in The Walt Disney Company (NYSE:DIS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,036 shares of the entertainment giant's stock, valued at approximately $1,287,000.

A number of other hedge funds have also made changes to their positions in DIS. Planning Directions Inc. purchased a new stake in shares of Walt Disney in the first quarter valued at $326,000. Trek Financial LLC lifted its position in shares of Walt Disney by 479.9% in the fourth quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock valued at $4,044,000 after acquiring an additional 30,057 shares in the last quarter. WoodTrust Financial Corp lifted its position in shares of Walt Disney by 6.7% in the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock valued at $9,491,000 after acquiring an additional 6,047 shares in the last quarter. Bank of Stockton lifted its position in shares of Walt Disney by 4.4% in the first quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock valued at $897,000 after acquiring an additional 383 shares in the last quarter. Finally, Rheos Capital Works Inc. lifted its position in shares of Walt Disney by 164.7% in the first quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant's stock valued at $39,026,000 after acquiring an additional 246,000 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.16% of the company's stock.

Analyst Ratings Changes

DIS has been the topic of several recent research reports. Guggenheim upped their price objective on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. UBS Group upped their target price on Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research note on Thursday, May 8th. Barclays upped their price target on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Finally, Wall Street Zen upgraded Walt Disney from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $127.35.

Walt Disney Trading Up 0.1%

Shares of NYSE DIS opened at $119.99 on Tuesday. The company has a market cap of $215.72 billion, a price-to-earnings ratio of 24.54, a price-to-earnings-growth ratio of 1.75 and a beta of 1.56. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The stock's 50 day simple moving average is $115.46 and its 200 day simple moving average is $106.68.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.24. The business had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The business's revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $1.21 EPS. Equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.