Evolution Wealth Advisors LLC Sells 2,331 Shares of The Walt Disney Company (NYSE:DIS)

Evolution Wealth Advisors LLC trimmed its stake in shares of The Walt Disney Company (NYSE:DIS) by 31.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,111 shares of the entertainment giant’s stock after selling 2,331 shares during the quarter. Evolution Wealth Advisors LLC’s holdings in Walt Disney were worth $625,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. Mcdonald Partners LLC lifted its holdings in Walt Disney by 0.5% during the 1st quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock worth $2,199,000 after purchasing an additional 88 shares in the last quarter. Sendero Wealth Management LLC raised its holdings in shares of Walt Disney by 2.0% in the 1st quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock valued at $569,000 after acquiring an additional 89 shares in the last quarter. Pflug Koory LLC raised its holdings in shares of Walt Disney by 1.0% in the 1st quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock valued at $1,100,000 after acquiring an additional 91 shares in the last quarter. McLean Asset Management Corp raised its holdings in shares of Walt Disney by 3.2% in the 1st quarter. McLean Asset Management Corp now owns 3,137 shares of the entertainment giant’s stock valued at $370,000 after acquiring an additional 96 shares in the last quarter. Finally, Destiny Wealth Partners LLC raised its holdings in shares of Walt Disney by 2.9% in the 1st quarter. Destiny Wealth Partners LLC now owns 3,517 shares of the entertainment giant’s stock valued at $430,000 after acquiring an additional 98 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Insider Activity

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

Walt Disney Price Performance

Shares of NYSE:DIS traded up $0.62 during trading on Wednesday, hitting $98.61. 5,015,332 shares of the company’s stock were exchanged, compared to its average volume of 11,481,347. 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 Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The business’s 50-day simple moving average is $104.17 and its 200 day simple moving average is $104.81. The company has a market cap of $179.77 billion, a price-to-earnings ratio of 107.19, a PEG ratio of 1.23 and a beta of 1.40.

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

Analyst Ratings Changes

DIS has been the topic of several recent analyst reports. Bank of America raised their price target on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a report on Monday, April 1st. Guggenheim raised their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Needham & Company LLC restated a “buy” rating and set a $145.00 price target on shares of Walt Disney in a research report on Wednesday. Deutsche Bank Aktiengesellschaft raised their price target on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Finally, Redburn Atlantic upgraded Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price target on the stock in a research report on Tuesday, May 21st. One investment 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $126.44.

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.