Evolution Advisers Inc. Sells 105 Shares of The Walt Disney Company (NYSE:DIS)

Evolution Advisers Inc. lowered its position in shares of The Walt Disney Company (NYSE:DIS) by 27.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 275 shares of the entertainment giant’s stock after selling 105 shares during the quarter. Evolution Advisers Inc.’s holdings in Walt Disney were worth $34,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DIS. Norges Bank bought a new position in shares of Walt Disney during the 4th quarter worth approximately $1,938,647,000. Jennison Associates LLC bought a new stake in Walt Disney in the first quarter valued at $1,490,492,000. ValueAct Holdings L.P. acquired a new position in shares of Walt Disney during the fourth quarter valued at about $459,245,000. International Assets Investment Management LLC boosted its position in shares of Walt Disney by 8,681.3% during the 4th quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant’s stock worth $302,445,000 after purchasing an additional 3,311,563 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Walt Disney by 34.8% in the 4th quarter. California Public Employees Retirement System now owns 6,646,336 shares of the entertainment giant’s stock valued at $600,098,000 after buying an additional 1,716,259 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on DIS. Wells Fargo & Company increased their price target on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Evercore ISI decreased their price target on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. JPMorgan Chase & Co. initiated coverage on shares of Walt Disney in a report on Thursday, April 11th. They set an “overweight” rating and a $140.00 price objective for the company. Argus upped their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Finally, Daiwa Capital Markets reaffirmed a “buy” rating and issued a $133.00 price target on shares of Walt Disney in a research report on Monday, April 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $126.44.

Walt Disney Stock Performance

Shares of DIS traded down $0.37 during mid-day trading on Thursday, hitting $96.60. The stock had a trading volume of 7,423,703 shares, compared to its average volume of 11,356,775. 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 firm has a market cap of $176.11 billion, a P/E ratio of 105.00, a PEG ratio of 1.21 and a beta of 1.40. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The business has a fifty day moving average price of $102.44 and a 200-day moving average price of $104.95.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. Walt Disney’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 EPS. On average, equities research analysts expect that The Walt Disney Company will post 4.75 EPS for the current year.

Insider Activity at Walt Disney

In related news, Director James P. Gorman bought 20,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was acquired at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the purchase, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James P. Gorman acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were 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 approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney 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.