EverSource Wealth Advisors LLC Acquires 212 Shares of The Walt Disney Company (NYSE:DIS)

EverSource Wealth Advisors LLC lifted its holdings in The Walt Disney Company (NYSE:DIS) by 2.4% in the first quarter, Holdings Channel reports. The fund owned 9,214 shares of the entertainment giant’s stock after purchasing an additional 212 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Walt Disney were worth $909,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney in the 1st quarter worth about $26,000. Mpwm Advisory Solutions LLC purchased a new stake in Walt Disney in the 4th quarter worth about $27,000. Kessler Investment Group LLC raised its position in Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after purchasing an additional 200 shares during the period. Copia Wealth Management purchased a new stake in Walt Disney in the 4th quarter worth about $36,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in Walt Disney in the 4th quarter worth about $39,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of DIS opened at $115.36 on Friday. The company has a market cap of $207.41 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 1.67 and a beta of 1.56. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average of $119.33 and a two-hundred day moving average of $108.09.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $23.69 billion. During the same period last year, the firm earned $1.39 earnings per share. Walt Disney’s revenue was up 2.1% compared to the same quarter last year. As a group, analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DIS has been the topic of a number of recent analyst reports. UBS Group increased their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Loop Capital increased their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. Jefferies Financial Group reissued a “hold” rating on shares of Walt Disney in a research report on Monday, August 11th. Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Evercore ISI raised their target price on shares of Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $131.18.

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.