The Walt Disney Company $DIS Shares Sold by RedJay Asset Management Inc.

Key Points

• RedJay Asset Management Inc. has reduced its position in the Walt Disney Company by 36.2%, now holding 39,877 shares valued at approximately $4.95 million.
• Institutional investors control approximately 65.71% of Walt Disney's stock, with several others recently adjusting their positions.
• Walt Disney stock saw a 1.2% decline, trading at $111.64, with a market cap of $200.72 billion and a PE ratio of 17.50.

RedJay Asset Management Inc. decreased its position in The Walt Disney Company (NYSE:DIS - Free Report) by 36.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,877 shares of the entertainment giant's stock after selling 22,623 shares during the quarter. Walt Disney comprises about 1.2% of RedJay Asset Management Inc.'s holdings, making the stock its 14th largest position. RedJay Asset Management Inc.'s holdings in Walt Disney were worth $4,945,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. raised its stake in Walt Disney by 0.8% in the 2nd quarter. Graybill Wealth Management LTD. now owns 36,401 shares of the entertainment giant's stock valued at $4,514,000 after purchasing an additional 302 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its stake in Walt Disney by 1.1% in the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 22,835 shares of the entertainment giant's stock valued at $2,832,000 after purchasing an additional 252 shares during the last quarter. Leavell Investment Management Inc. raised its stake in Walt Disney by 0.4% in the 2nd quarter. Leavell Investment Management Inc. now owns 39,385 shares of the entertainment giant's stock valued at $4,904,000 after purchasing an additional 165 shares during the last quarter. Ramsay Stattman Vela & Price Inc. grew its holdings in Walt Disney by 1.1% in the 2nd quarter. Ramsay Stattman Vela & Price Inc. now owns 55,497 shares of the entertainment giant's stock valued at $6,882,000 after buying an additional 581 shares during the period. Finally, Mason & Associates Inc purchased a new stake in Walt Disney in the 2nd quarter valued at about $1,303,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on DIS. Susquehanna restated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Jefferies Financial Group cut Walt Disney from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Needham & Company LLC restated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Tuesday, September 23rd. Morgan Stanley boosted their target price on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Finally, Guggenheim boosted their target price on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Nineteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $132.90.

Walt Disney Stock Down 1.2%

Walt Disney stock traded down $1.39 during midday trading on Friday, hitting $111.64. 6,228,253 shares of the company were exchanged, compared to its average volume of 7,789,451. The company's fifty day moving average price is $114.64 and its 200-day moving average price is $111.64. The company has a market cap of $200.72 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 1.48 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. The firm had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.Walt Disney's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.39 EPS. On average, research analysts predict that The Walt Disney Company will post 5.47 EPS 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.

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