Revolve Wealth Partners LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS – Free Report) by 4.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,943 shares of the entertainment giant’s stock after selling 212 shares during the quarter. Revolve Wealth Partners LLC’s holdings in Walt Disney were worth $491,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. ESL Trust Services LLC acquired a new stake in shares of Walt Disney during the first quarter worth approximately $31,000. Gold Investment Management Ltd. acquired a new position in Walt Disney in the fourth quarter worth $28,000. Partnership Wealth Management LLC bought a new stake in shares of Walt Disney during the fourth quarter worth $33,000. Red Tortoise LLC increased its stake in shares of Walt Disney by 141.4% in the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after buying an additional 215 shares in the last quarter. Finally, Evolution Advisers Inc. raised its holdings in shares of Walt Disney by 38.2% in the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after buying an additional 105 shares during the last quarter. 65.71% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.10% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on DIS
Walt Disney Stock Up 0.6 %
Shares of NYSE DIS traded up $0.51 during mid-day trading on Friday, hitting $89.30. The company had a trading volume of 10,277,743 shares, compared to its average volume of 11,680,049. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The company has a market capitalization of $162.80 billion, a PE ratio of 97.07, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The firm has a 50-day simple moving average of $95.41 and a two-hundred day simple moving average of $104.83.
Walt Disney (NYSE:DIS – Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The firm had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same period last year, the company earned $1.03 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year. On average, equities analysts expect that The Walt Disney Company will post 4.77 EPS for the current 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.
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