The Walt Disney Company $DIS Shares Bought by Concord Asset Management LLC VA

Key Points

• Concord Asset Management LLC increased its holdings in Walt Disney shares by 20.1% during the second quarter, owning 15,655 shares valued at approximately $1.94 million.
• Walt Disney reported quarterly earnings of $1.61 per share, exceeding estimates of $1.45, with revenue of $23.65 billion reflecting a 2.1% annual increase.
• Analysts generally maintain a positive outlook on Walt Disney stock, with a consensus rating of "Moderate Buy" and an average target price of $131.18.

Concord Asset Management LLC VA grew its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 20.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,655 shares of the entertainment giant's stock after purchasing an additional 2,619 shares during the period. Concord Asset Management LLC VA's holdings in Walt Disney were worth $1,941,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of DIS. Brighton Jones LLC raised its holdings in shares of Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after purchasing an additional 1,904 shares during the period. GAMMA Investing LLC raised its holdings in shares of Walt Disney by 8.1% during the first quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant's stock worth $2,451,000 after purchasing an additional 1,856 shares during the period. Goldstone Financial Group LLC raised its holdings in shares of Walt Disney by 33.2% during the first quarter. Goldstone Financial Group LLC now owns 4,953 shares of the entertainment giant's stock worth $489,000 after purchasing an additional 1,234 shares during the period. Missouri Trust & Investment Co grew its position in shares of Walt Disney by 16.8% during the first quarter. Missouri Trust & Investment Co now owns 14,240 shares of the entertainment giant's stock worth $1,405,000 after acquiring an additional 2,053 shares during the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC grew its position in shares of Walt Disney by 4.8% during the first quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 13,679 shares of the entertainment giant's stock worth $1,350,000 after acquiring an additional 629 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

NYSE:DIS opened at $109.17 on Monday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average of $115.36 and a 200-day moving average of $110.48. The firm has a market cap of $196.27 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 1.43 and a beta of 1.54.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same quarter last year, the firm posted $1.39 EPS. The business's revenue for the quarter was up 2.1% on a year-over-year basis. Analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on DIS. Weiss Ratings restated a "hold (c+)" rating on shares of Walt Disney in a research report on Wednesday, October 8th. Citigroup upped their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Morgan Stanley upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Raymond James Financial restated a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Chardan Capital restated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $131.18.

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.

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