EverSource Wealth Advisors LLC Acquires 2,262 Shares of The Walt Disney Company (NYSE:DIS)

EverSource Wealth Advisors LLC lifted its holdings in The Walt Disney Company (NYSE:DIS) by 32.1% during the first quarter, HoldingsChannel reports. The firm owned 9,303 shares of the entertainment giant’s stock after purchasing an additional 2,262 shares during the period. EverSource Wealth Advisors LLC’s holdings in Walt Disney were worth $1,138,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Mcdonald Partners LLC raised its holdings in shares of Walt Disney by 0.5% in the 1st quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock worth $2,199,000 after acquiring an additional 88 shares during the last quarter. Sendero Wealth Management LLC grew its position in Walt Disney by 2.0% in the 1st quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock worth $569,000 after purchasing an additional 89 shares in the last quarter. McKinley Carter Wealth Services Inc. grew its position in Walt Disney by 1.5% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant’s stock worth $721,000 after purchasing an additional 89 shares in the last quarter. Pflug Koory LLC grew its position in Walt Disney by 1.0% in the 1st quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock worth $1,100,000 after purchasing an additional 91 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC grew its position in Walt Disney by 3.5% in the 1st quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock worth $343,000 after purchasing an additional 94 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $145.00 price objective on shares of Walt Disney in a research report on Wednesday, July 3rd. Loop Capital reduced their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Wells Fargo & Company increased their target price on shares of Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Evercore ISI reduced their target price on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Finally, The Goldman Sachs Group began coverage on shares of Walt Disney in a research report on Tuesday, June 25th. They set a “buy” rating and a $125.00 target price for the company. Three research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average price target of $128.13.

Insider Activity

In related news, Director James P. Gorman acquired 20,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the transaction, the director now owns 20,467 shares in the company, valued at approximately $2,170,116.01. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director James P. Gorman acquired 20,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the transaction, the director now owns 20,467 shares in the company, valued at approximately $2,170,116.01. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

NYSE DIS traded down $3.48 on Friday, hitting $89.57. The stock had a trading volume of 15,433,552 shares, compared to its average volume of 10,202,989. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The company has a market capitalization of $163.29 billion, a price-to-earnings ratio of 97.36, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40. The firm has a 50-day moving average of $98.39 and a 200-day moving average of $105.33.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.09. The business had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 EPS. Equities analysts expect that The Walt Disney Company will post 4.77 EPS for the current 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.