RedJay Asset Management Inc. Sells 18,500 Shares of The Walt Disney Company (NYSE:DIS)

RedJay Asset Management Inc. reduced its position in The Walt Disney Company (NYSE:DIS - Free Report) by 22.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 62,500 shares of the entertainment giant's stock after selling 18,500 shares during the period. Walt Disney accounts for about 3.3% of RedJay Asset Management Inc.'s holdings, making the stock its 8th biggest holding. RedJay Asset Management Inc.'s holdings in Walt Disney were worth $6,169,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DIS. Geode Capital Management LLC boosted its holdings in shares of Walt Disney by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock valued at $4,272,590,000 after acquiring an additional 809,989 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Walt Disney by 10.4% in the 4th quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock valued at $2,476,693,000 after buying an additional 2,096,431 shares during the period. Norges Bank acquired a new position in Walt Disney during the fourth quarter worth $2,415,427,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Walt Disney by 21.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock worth $1,878,142,000 after acquiring an additional 3,016,339 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in Walt Disney by 1.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,136,276 shares of the entertainment giant's stock worth $1,240,025,000 after acquiring an additional 192,871 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group raised shares of Walt Disney from a "hold" rating to a "buy" rating and upped their price target for the stock from $100.00 to $144.00 in a research note on Monday. UBS Group increased their target price on shares of Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Rosenblatt Securities lifted their price objective on Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Morgan Stanley lifted their price target on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, Loop Capital raised their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Walt Disney currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.79.

Walt Disney Trading Down 0.9%

NYSE DIS traded down $1.18 during mid-day trading on Tuesday, hitting $122.83. The company's stock had a trading volume of 3,507,964 shares, compared to its average volume of 10,060,757. The firm has a market capitalization of $220.82 billion, a P/E ratio of 25.12, a price-to-earnings-growth ratio of 1.79 and a beta of 1.54. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The stock's fifty day simple moving average is $109.06 and its two-hundred day simple moving average is $105.97.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The firm had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. During the same period in the prior year, the company earned $1.21 EPS. The firm's revenue was up 7.0% on a year-over-year basis. Research analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the transaction, the executive vice president directly owned 46,831 shares in the company, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.16% of the company's stock.

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.