The Walt Disney Company $DIS Shares Sold by Redwood Investment Management LLC

Key Points

• Redwood Investment Management LLC significantly reduced its stake in The Walt Disney Company by 71.9% during the first quarter, selling 10,018 shares and retaining only 3,913 shares, valued at approximately $386,000.
• Several hedge funds increased their holdings in Disney, with notable investments from Nuveen LLC and Vanguard Group Inc., highlighting a trend of institutional investment despite Redwood's divestment.
• Wall Street analysts have raised their target prices for Disney shares, with increases to $140 from firms like Citigroup and Barclays, contributing to a consensus rating of "Moderate Buy" with a target price of $131.18.

Redwood Investment Management LLC cut its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 71.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,913 shares of the entertainment giant's stock after selling 10,018 shares during the quarter. Redwood Investment Management LLC's holdings in Walt Disney were worth $386,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Clearstead Trust LLC increased its holdings in shares of Walt Disney by 0.6% in the 1st quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock valued at $1,629,000 after acquiring an additional 99 shares during the period. Hemington Wealth Management increased its holdings in shares of Walt Disney by 1.9% in the 1st quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant's stock valued at $555,000 after acquiring an additional 105 shares during the period. Allegheny Financial Group increased its holdings in shares of Walt Disney by 2.3% in the 4th quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock valued at $515,000 after acquiring an additional 106 shares during the period. Leigh Baldwin & CO. LLC increased its holdings in shares of Walt Disney by 2.2% in the 1st quarter. Leigh Baldwin & CO. LLC now owns 4,994 shares of the entertainment giant's stock valued at $493,000 after acquiring an additional 108 shares during the period. Finally, Resonant Capital Advisors LLC increased its holdings in shares of Walt Disney by 0.4% in the 1st quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock valued at $2,578,000 after acquiring an additional 113 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DIS. Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. Loop Capital boosted their target price on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Raymond James Financial restated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Evercore ISI boosted their target price on Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Finally, Stephens restated a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Stock Performance

Shares of DIS stock traded up $0.75 on Friday, hitting $118.39. The company had a trading volume of 5,210,979 shares, compared to its average volume of 8,595,832. The firm has a market cap of $212.86 billion, a P/E ratio of 18.56, a price-to-earnings-growth ratio of 1.71 and a beta of 1.56. The company has a 50-day moving average price of $119.20 and a 200-day moving average price of $108.51. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.39 EPS. As a group, equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.