Concorde Asset Management LLC Purchases 179 Shares of The Walt Disney Company (NYSE:DIS)

Concorde Asset Management LLC lifted its position in shares of The Walt Disney Company (NYSE:DIS) by 6.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,768 shares of the entertainment giant’s stock after acquiring an additional 179 shares during the quarter. Concorde Asset Management LLC’s holdings in Walt Disney were worth $275,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. ESL Trust Services LLC bought a new position in Walt Disney during the first quarter worth about $31,000. Gold Investment Management Ltd. bought a new position in Walt Disney in the 4th quarter worth approximately $28,000. Red Tortoise LLC grew its stake in Walt Disney by 141.4% in the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after buying an additional 215 shares in the last quarter. Frank Rimerman Advisors LLC bought a new stake in Walt Disney during the 4th quarter valued at $37,000. Finally, O Brien Wealth Partners LLC bought a new stake in Walt Disney during the 1st quarter valued at $51,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $93.59 on Thursday. The business’s 50-day moving average price is $90.80 and its 200-day moving average price is $102.16. The firm has a market capitalization of $170.62 billion, a PE ratio of 101.73, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. During the same period in the previous year, the business posted $1.03 EPS. The business’s quarterly revenue was up 3.9% on a year-over-year basis. Sell-side analysts forecast that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DIS. Raymond James reduced their price target on Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. UBS Group lowered their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. decreased their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Evercore ISI cut their price target on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $117.95.

Insiders Place Their Bets

In related news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.10% of the stock is currently owned by insiders.

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.