Evergreen Wealth Management LLC Buys New Shares in The Walt Disney Company (NYSE:DIS)

Evergreen Wealth Management LLC bought a new stake in The Walt Disney Company (NYSE:DIS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 22,313 shares of the entertainment giant's stock, valued at approximately $2,202,000. Walt Disney accounts for approximately 1.3% of Evergreen Wealth Management LLC's holdings, making the stock its 27th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Waterloo Capital L.P. grew its position in Walt Disney by 3.2% in the fourth quarter. Waterloo Capital L.P. now owns 3,138 shares of the entertainment giant's stock valued at $349,000 after acquiring an additional 97 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Walt Disney by 0.4% during the fourth quarter. Quadrant Capital Group LLC now owns 22,658 shares of the entertainment giant's stock valued at $2,523,000 after purchasing an additional 98 shares in the last quarter. Acorns Advisers LLC raised its position in Walt Disney by 2.6% in the fourth quarter. Acorns Advisers LLC now owns 3,826 shares of the entertainment giant's stock worth $426,000 after acquiring an additional 98 shares in the last quarter. Allegheny Financial Group increased its stake in Walt Disney by 2.3% in the 4th quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock worth $515,000 after purchasing an additional 106 shares in the last quarter. Finally, 1620 Investment Advisors Inc. grew its stake in Walt Disney by 1.8% during the 4th quarter. 1620 Investment Advisors Inc. now owns 6,236 shares of the entertainment giant's stock valued at $694,000 after acquiring an additional 108 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on DIS. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research note on Monday, April 21st. Loop Capital increased their target price on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Rosenblatt Securities lifted their price objective on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Barclays raised their price target on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Finally, Needham & Company LLC restated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research note on Thursday, May 8th. Five equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $128.13.

Walt Disney Stock Down 0.7%

Shares of NYSE:DIS traded down $0.85 during trading hours on Friday, reaching $121.36. The stock had a trading volume of 9,472,100 shares, compared to its average volume of 10,005,428. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The firm's 50 day moving average is $117.00 and its 200-day moving average is $107.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The stock has a market capitalization of $218.17 billion, a price-to-earnings ratio of 24.82, a P/E/G ratio of 1.79 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating the consensus estimate of $1.21 by $0.24. The firm had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.21 earnings per share. Research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president directly owned 46,831 shares in the company, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.16% of the company's stock.

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.