Concentric Wealth Management LLC Has $2.31 Million Position in The Walt Disney Company (NYSE:DIS)

Concentric Wealth Management LLC increased its holdings in The Walt Disney Company (NYSE:DISFree Report) by 1.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,481 shares of the entertainment giant’s stock after purchasing an additional 456 shares during the period. Concentric Wealth Management LLC’s holdings in Walt Disney were worth $2,308,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisors Capital Management LLC grew its position in Walt Disney by 6.1% in the second quarter. Advisors Capital Management LLC now owns 346,034 shares of the entertainment giant’s stock valued at $30,894,000 after acquiring an additional 19,882 shares during the period. Silvia Mccoll Wealth Management LLC increased its position in shares of Walt Disney by 4.2% during the 2nd quarter. Silvia Mccoll Wealth Management LLC now owns 4,040 shares of the entertainment giant’s stock worth $361,000 after purchasing an additional 164 shares in the last quarter. Pathway Financial Advisors LLC lifted its holdings in Walt Disney by 4.9% during the 3rd quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock valued at $245,000 after purchasing an additional 141 shares during the last quarter. Tempus Wealth Planning LLC boosted its position in Walt Disney by 4.5% in the third quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock valued at $1,031,000 after buying an additional 546 shares in the last quarter. Finally, DCM Advisors LLC grew its stake in Walt Disney by 0.3% during the second quarter. DCM Advisors LLC now owns 73,970 shares of the entertainment giant’s stock worth $6,604,000 after buying an additional 198 shares during the last quarter. Institutional investors own 61.17% of the company’s stock.

Walt Disney Stock Performance

Shares of Walt Disney stock traded up $11.40 during trading on Thursday, hitting $110.54. 60,143,138 shares of the stock were exchanged, compared to its average volume of 14,167,750. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $118.18. The stock has a market capitalization of $202.76 billion, a price-to-earnings ratio of 85.93, a price-to-earnings-growth ratio of 1.85 and a beta of 1.39. The company has a fifty day moving average price of $92.77 and a 200-day moving average price of $87.99. The company has a current ratio of 1.05, a quick ratio of 0.99 and a debt-to-equity ratio of 0.40.

Walt Disney (NYSE:DISGet Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The entertainment giant reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a return on equity of 7.31% and a net margin of 2.65%. The firm had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter in the previous year, the business earned $0.99 earnings per share. The business’s revenue was down .1% compared to the same quarter last year. As a group, equities analysts predict that The Walt Disney Company will post 4.34 EPS for the current fiscal year.

Walt Disney Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Monday, December 11th were given a dividend of $0.30 per share. The ex-dividend date was Friday, December 8th. This represents a $1.20 dividend on an annualized basis and a yield of 1.09%. Walt Disney’s dividend payout ratio (DPR) is 23.44%.

Analyst Ratings Changes

DIS has been the subject of a number of research analyst reports. Barclays lifted their target price on shares of Walt Disney from $88.00 to $95.00 and gave the company an “equal weight” rating in a research note on Thursday. The Goldman Sachs Group lowered their price target on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday. Rosenblatt Securities lowered their target price on Walt Disney from $114.00 to $112.00 and set a “buy” rating for the company in a research note on Friday, December 22nd. UBS Group reduced their price target on shares of Walt Disney from $122.00 to $110.00 and set a “buy” rating for the company in a report on Monday, October 16th. Finally, Wells Fargo & Company raised their price objective on shares of Walt Disney from $115.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $109.67.

Get Our Latest Stock Report on DIS

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 18,788 shares of Walt Disney stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $92.99, for a total transaction of $1,747,096.12. Following the completion of the sale, the executive vice president now owns 33,586 shares of the company’s stock, valued at approximately $3,123,162.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Brent Woodford sold 18,788 shares of Walt Disney stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $92.99, for a total transaction of $1,747,096.12. Following the completion of the sale, the executive vice president now directly owns 33,586 shares of the company’s stock, valued at approximately $3,123,162.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Amy Chang acquired 1,078 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was purchased at an average cost of $92.69 per share, for a total transaction of $99,919.82. Following the completion of the acquisition, the director now owns 6,216 shares in the company, valued at $576,161.04. The disclosure for this purchase can be found here. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Profile

(Free Report)

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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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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