Evergreen Capital Management LLC Lowers Stake in The Walt Disney Company $DIS

Key Points

• Evergreen Capital Management LLC decreased its stake in The Walt Disney Company by 2.5%, selling 2,892 shares, leaving them with a total of 113,879 shares worth approximately $11.24 million.
• Wall Street analysts maintain an overall positive outlook on Disney, with a consensus price target of $131.18, including several "buy" ratings and a recent increase in price targets from firms like Morgan Stanley and Citigroup.
• The Walt Disney Company reported earnings of $1.61 per share, exceeding analyst estimates, despite a slight revenue miss of $23.65 billion compared to expected figures.

Evergreen Capital Management LLC lowered its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 2.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 113,879 shares of the entertainment giant's stock after selling 2,892 shares during the quarter. Evergreen Capital Management LLC's holdings in Walt Disney were worth $11,240,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in DIS. Nuveen LLC purchased a new position in Walt Disney during the first quarter valued at approximately $1,353,607,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Walt Disney by 1,900.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock valued at $638,699,000 after buying an additional 5,449,158 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Walt Disney by 21.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock valued at $1,878,142,000 after buying an additional 3,016,339 shares during the last quarter. Diamond Hill Capital Management Inc. raised its position in shares of Walt Disney by 1,080.7% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant's stock valued at $277,993,000 after buying an additional 2,578,004 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Walt Disney by 1.6% during the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock valued at $15,383,615,000 after buying an additional 2,446,087 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DIS shares. Needham & Company LLC reiterated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research report on Thursday, August 7th. Morgan Stanley lifted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Citigroup lifted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Susquehanna reiterated a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Stock Down 0.3%

NYSE:DIS opened at $117.68 on Friday. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company has a 50-day moving average of $119.18 and a 200 day moving average of $108.45. The firm has a market cap of $211.58 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 1.71 and a beta of 1.56. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same period in the prior year, the firm earned $1.39 earnings per share. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal 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.

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