CCM Investment Advisers LLC Grows Stock Holdings in The Walt Disney Company $DIS

CCM Investment Advisers LLC boosted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.7% during the second quarter, Holdings Channel.com reports. The firm owned 95,220 shares of the entertainment giant’s stock after acquiring an additional 1,597 shares during the period. CCM Investment Advisers LLC’s holdings in Walt Disney were worth $11,808,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of DIS. Kingstone Capital Partners Texas LLC bought a new position in Walt Disney during the second quarter valued at $4,220,599,000. Nuveen LLC bought a new position in Walt Disney during the first quarter valued at $1,353,607,000. Diamond Hill Capital Management Inc. increased its position in Walt Disney by 1,080.7% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock valued at $277,993,000 after acquiring an additional 2,578,004 shares during the last quarter. Vanguard Group Inc. increased its position in Walt Disney by 1.6% during the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock valued at $15,383,615,000 after acquiring an additional 2,446,087 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Walt Disney by 10,567.3% during the first quarter. GAMMA Investing LLC now owns 2,450,702 shares of the entertainment giant’s stock valued at $241,884,000 after acquiring an additional 2,427,728 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DIS. Raymond James Financial restated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. JPMorgan Chase & Co. increased their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Stephens reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Wall Street Zen cut shares of Walt Disney from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Stock Down 0.3%

NYSE:DIS opened at $112.21 on Wednesday. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The stock has a market capitalization of $201.74 billion, a P/E ratio of 17.59, a P/E/G ratio of 1.63 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The company’s 50-day simple moving average is $117.43 and its 200-day simple moving average is $109.24.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. During the same period last year, the business earned $1.39 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney 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.