Evercore Wealth Management LLC reduced its stake in Walt Disney Co (NYSE:DIS) by 0.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,070 shares of the entertainment giant’s stock after selling 196 shares during the period. Evercore Wealth Management LLC’s holdings in Walt Disney were worth $14,392,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Buckingham Capital Management Inc. grew its position in shares of Walt Disney by 0.5% during the fourth quarter. Buckingham Capital Management Inc. now owns 60,000 shares of the entertainment giant’s stock worth $6,579,000 after acquiring an additional 305 shares during the last quarter. Portfolio Solutions LLC purchased a new position in shares of Walt Disney during the fourth quarter worth approximately $43,000. Ropes Wealth Advisors LLC lifted its holdings in shares of Walt Disney by 8.7% during the fourth quarter. Ropes Wealth Advisors LLC now owns 32,482 shares of the entertainment giant’s stock worth $3,562,000 after purchasing an additional 2,601 shares during the period. ETRADE Capital Management LLC lifted its holdings in shares of Walt Disney by 19.7% during the fourth quarter. ETRADE Capital Management LLC now owns 37,720 shares of the entertainment giant’s stock worth $4,136,000 after purchasing an additional 6,214 shares during the period. Finally, Linscomb & Williams Inc. lifted its holdings in shares of Walt Disney by 3.5% during the fourth quarter. Linscomb & Williams Inc. now owns 4,728 shares of the entertainment giant’s stock worth $518,000 after purchasing an additional 161 shares during the period. Institutional investors and hedge funds own 68.75% of the company’s stock.
DIS has been the subject of several recent research reports. Zacks Investment Research raised Walt Disney from a “strong sell” rating to a “hold” rating and set a $120.00 price target for the company in a report on Tuesday, July 9th. Bank of America set a $168.00 price target on Walt Disney and gave the stock a “buy” rating in a report on Monday, June 24th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $150.00 price target on shares of Walt Disney in a report on Wednesday, August 7th. Credit Suisse Group reaffirmed a “buy” rating and set a $150.00 price target on shares of Walt Disney in a report on Thursday, August 8th. Finally, Loop Capital increased their price target on Walt Disney to $165.00 and gave the stock a “buy” rating in a report on Friday, June 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $148.22.
Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.41). Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. The business had revenue of $20.25 billion during the quarter, compared to analyst estimates of $21.40 billion. During the same period last year, the business posted $1.87 EPS. Walt Disney’s revenue was up 32.9% compared to the same quarter last year. Sell-side analysts predict that Walt Disney Co will post 6 EPS for the current year.
In other Walt Disney news, EVP Alan N. Braverman sold 94,462 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $141.18, for a total value of $13,336,145.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brent Woodford sold 2,200 shares of Walt Disney stock in a transaction on Monday, July 29th. The stock was sold at an average price of $146.68, for a total value of $322,696.00. Following the transaction, the executive vice president now directly owns 34,679 shares of the company’s stock, valued at approximately $5,086,715.72. The disclosure for this sale can be found here. In the last three months, insiders sold 148,223 shares of company stock valued at $20,885,881. 0.36% of the stock is owned by corporate insiders.
Walt Disney Company Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
Further Reading: How can investors benefit from after-hours trading?
Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).
Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.