EverSource Wealth Advisors LLC Boosts Position in The Walt Disney Company (NYSE:DIS)

EverSource Wealth Advisors LLC raised its position in The Walt Disney Company (NYSE:DIS) by 18.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 10,987 shares of the entertainment giant’s stock after purchasing an additional 1,684 shares during the period. EverSource Wealth Advisors LLC’s holdings in Walt Disney were worth $1,029,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. 1832 Asset Management L.P. grew its position in shares of Walt Disney by 42.6% in the second quarter. 1832 Asset Management L.P. now owns 1,249,105 shares of the entertainment giant’s stock valued at $124,024,000 after purchasing an additional 373,102 shares during the last quarter. Frank Rimerman Advisors LLC lifted its stake in Walt Disney by 4,101.7% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 17,395 shares of the entertainment giant’s stock valued at $1,727,000 after buying an additional 16,981 shares in the last quarter. ProShare Advisors LLC grew its holdings in Walt Disney by 9.0% during the 2nd quarter. ProShare Advisors LLC now owns 354,880 shares of the entertainment giant’s stock valued at $35,236,000 after buying an additional 29,433 shares during the last quarter. Profund Advisors LLC increased its position in Walt Disney by 10.1% during the second quarter. Profund Advisors LLC now owns 22,513 shares of the entertainment giant’s stock worth $2,235,000 after buying an additional 2,067 shares in the last quarter. Finally, Merriman Wealth Management LLC raised its holdings in shares of Walt Disney by 4.2% in the second quarter. Merriman Wealth Management LLC now owns 3,181 shares of the entertainment giant’s stock worth $316,000 after acquiring an additional 129 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Activity

In other news, Director Calvin Mcdonald acquired 11,756 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is owned by insiders.

Walt Disney Stock Up 0.3 %

Walt Disney stock opened at $93.75 on Monday. The firm has a market capitalization of $170.91 billion, a P/E ratio of 101.90, a P/E/G ratio of 1.31 and a beta of 1.40. The company has a 50-day simple moving average of $90.67 and a 200-day simple moving average of $101.83. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter in the previous year, the business earned $1.03 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, equities analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Evercore ISI lowered their price target on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Raymond James cut their price objective on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Bank of America decreased their target price on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Morgan Stanley cut their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $118.43.

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.