Revolve Wealth Partners LLC Has $491,000 Stake in The Walt Disney Company (NYSE:DIS)

Revolve Wealth Partners LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS) 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

Several equities research analysts have weighed in on DIS shares. The Goldman Sachs Group assumed coverage on shares of Walt Disney in a research report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective for the company. Evercore ISI dropped their price objective on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Redburn Atlantic raised shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price on the stock in a research note on Tuesday, May 21st. Wells Fargo & Company dropped their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Moffett Nathanson reduced their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Three investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $118.13.

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) 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.