Evergreen Wealth Management LLC Acquires New Position in The Walt Disney Company (NYSE:DIS)

Evergreen Wealth Management LLC acquired a new stake in shares of The Walt Disney Company (NYSE:DIS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 22,313 shares of the entertainment giant’s stock, valued at approximately $2,202,000. Walt Disney makes up about 1.3% of Evergreen Wealth Management LLC’s holdings, making the stock its 27th largest holding.

A number of other large investors also recently modified their holdings of DIS. Norges Bank bought a new position in Walt Disney during the 4th quarter worth approximately $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Walt Disney by 1,900.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant’s stock worth $638,699,000 after buying an additional 5,449,158 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Walt Disney by 75.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock worth $1,209,050,000 after buying an additional 4,680,930 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted 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 purchasing an additional 3,016,339 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Walt Disney by 10,567.3% during the first quarter. GAMMA Investing LLC now owns 2,450,702 shares of the entertainment giant’s stock valued at $241,884,000 after purchasing an additional 2,427,728 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DIS shares. Citigroup raised their price target on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Morgan Stanley raised their price target on Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Rosenblatt Securities raised their price target on Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Barclays boosted their price target on Walt Disney from $120.00 to $140.00 and gave the stock 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 investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average target price of $128.13.

Insider Activity

In other news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is owned by insiders.

Walt Disney Price Performance

Shares of NYSE DIS traded down $1.16 during mid-day trading on Friday, reaching $121.05. The company’s stock had a trading volume of 1,648,522 shares, compared to its average volume of 9,965,816. The firm has a market capitalization of $217.62 billion, a PE ratio of 24.78, a P/E/G ratio of 1.75 and a beta of 1.56. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The stock has a fifty day moving average of $116.69 and a two-hundred day moving average of $106.94. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The company had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same period in the prior year, the company earned $1.21 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. As a group, sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

About Walt Disney

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.