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

EverSource Wealth Advisors LLC increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 32.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor 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 SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DIS. Norges Bank purchased a new stake in Walt Disney during the 4th quarter worth about $1,938,647,000. Jennison Associates LLC bought a new stake in shares of Walt Disney in the 1st quarter worth approximately $1,490,492,000. Capital World Investors grew its position in shares of Walt Disney by 3,332.4% in the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after buying an additional 6,084,993 shares during the last quarter. ValueAct Holdings L.P. bought a new stake in shares of Walt Disney in the 4th quarter worth approximately $459,245,000. Finally, Swedbank AB bought a new stake in shares of Walt Disney in the 1st quarter worth approximately $493,715,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling at Walt Disney

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DIS. Loop Capital cut their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Barclays lowered their price objective on Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, May 8th. Macquarie boosted their price target on Walt Disney from $104.00 to $107.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Wells Fargo & Company boosted their price target on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Finally, Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective for the company in a report on Tuesday, May 21st. Three analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $128.13.

Walt Disney Price Performance

Shares of NYSE:DIS traded down $3.48 during mid-day trading on Friday, reaching $89.57. The stock had a trading volume of 15,433,552 shares, compared to its average volume of 10,202,989. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The company has a market cap of $163.29 billion, a P/E ratio of 97.36, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The business’s 50 day moving average price is $98.39 and its 200 day moving average price is $105.33.

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

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.