Evolution Wealth Advisors LLC Lowers Stock Position in The Walt Disney Company (NYSE:DIS)

Evolution Wealth Advisors LLC decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 31.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 5,111 shares of the entertainment giant’s stock after selling 2,331 shares during the period. Evolution Wealth Advisors LLC’s holdings in Walt Disney were worth $625,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Walt Disney by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock valued at $13,673,834,000 after buying an additional 1,555,748 shares during the last quarter. Morgan Stanley grew its position in Walt Disney by 0.4% in the 3rd quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock worth $3,592,010,000 after purchasing an additional 195,512 shares during the last quarter. Norges Bank bought a new position in Walt Disney in the 4th quarter worth about $1,938,647,000. Charles Schwab Investment Management Inc. grew its position in Walt Disney by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,943,052 shares of the entertainment giant’s stock worth $897,758,000 after purchasing an additional 211,397 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in Walt Disney by 4.5% in the 4th quarter. Fisher Asset Management LLC now owns 7,204,256 shares of the entertainment giant’s stock worth $650,472,000 after purchasing an additional 309,376 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of Walt Disney stock traded up $0.62 during trading on Wednesday, hitting $98.61. 5,015,332 shares of the company’s stock traded hands, compared to its average volume of 11,481,347. The company has a market cap of $179.77 billion, a PE ratio of 107.19, a PEG ratio of 1.23 and a beta of 1.40. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The firm’s fifty day moving average price is $104.17 and its 200 day moving average price is $104.81.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The firm had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. During the same period in the previous year, the business earned $0.93 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts forecast that The Walt Disney Company will post 4.76 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Sonia L. Coleman sold 4,400 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James P. Gorman bought 20,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the acquisition, the director now directly owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on DIS. Wells Fargo & Company upped their target price on shares of Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. UBS Group reduced their price target on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. The Goldman Sachs Group began coverage on shares of Walt Disney in a report on Tuesday, June 25th. They set a “buy” rating and a $125.00 target price for the company. Finally, Guggenheim raised their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $126.44.

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.