Tectonic Advisors LLC Buys 923 Shares of The Walt Disney Company $DIS

Tectonic Advisors LLC increased its stake in The Walt Disney Company (NYSE:DIS) by 6.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,686 shares of the entertainment giant’s stock after purchasing an additional 923 shares during the period. Tectonic Advisors LLC’s holdings in Walt Disney were worth $1,945,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of DIS. Hager Investment Management Services LLC grew its holdings in Walt Disney by 82.5% during the 2nd quarter. Hager Investment Management Services LLC now owns 697 shares of the entertainment giant’s stock worth $86,000 after acquiring an additional 315 shares during the period. Cohen Investment Advisors LLC boosted its position in shares of Walt Disney by 7.0% in the 2nd quarter. Cohen Investment Advisors LLC now owns 25,122 shares of the entertainment giant’s stock worth $3,115,000 after purchasing an additional 1,649 shares during the last quarter. AMI Investment Management Inc. boosted its position in shares of Walt Disney by 4.2% in the 2nd quarter. AMI Investment Management Inc. now owns 37,811 shares of the entertainment giant’s stock worth $4,689,000 after purchasing an additional 1,528 shares during the last quarter. Maryland State Retirement & Pension System boosted its position in shares of Walt Disney by 3.7% in the 2nd quarter. Maryland State Retirement & Pension System now owns 88,021 shares of the entertainment giant’s stock worth $10,915,000 after purchasing an additional 3,100 shares during the last quarter. Finally, Optas LLC boosted its position in shares of Walt Disney by 122.1% in the 2nd quarter. Optas LLC now owns 17,628 shares of the entertainment giant’s stock worth $2,186,000 after purchasing an additional 9,691 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 0.6%

Shares of NYSE:DIS opened at $111.83 on Thursday. The company’s 50-day moving average price is $115.67 and its two-hundred day moving average price is $110.22. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The stock has a market capitalization of $201.06 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 1.48 and a beta of 1.54.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping 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 firm had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. During the same period in the previous year, the firm posted $1.39 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DIS. Stephens restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Guggenheim raised their price target on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, June 27th. Chardan Capital restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Wall Street Zen lowered shares of Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Nineteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.