Redwood Investment Management LLC Acquires New Stake in The Walt Disney Company (NYSE:DIS)

Redwood Investment Management LLC acquired a new position in The Walt Disney Company (NYSE:DIS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,931 shares of the entertainment giant's stock, valued at approximately $1,551,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. FPC Investment Advisory Inc. bought a new position in Walt Disney in the fourth quarter worth about $28,000. Tacita Capital Inc raised its holdings in Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after purchasing an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in Walt Disney in the fourth quarter worth about $32,000. Midwest Capital Advisors LLC acquired a new position in shares of Walt Disney during the fourth quarter valued at about $34,000. Finally, Bay Harbor Wealth Management LLC acquired a new position in shares of Walt Disney during the fourth quarter valued at about $35,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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 transaction, the executive vice president now owns 46,831 shares in the company, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.16% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Barclays upped their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Needham & Company LLC restated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a report on Thursday, May 8th. Prescient Securities cut their price objective on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Guggenheim dropped their target price on Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group upped their target price on Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.54.

Walt Disney Stock Performance

Walt Disney stock traded up $1.04 during mid-day trading on Friday, hitting $113.26. The company had a trading volume of 10,940,148 shares, compared to its average volume of 10,040,099. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $118.63. The company's fifty day moving average is $94.62 and its 200-day moving average is $104.72. The company has a market capitalization of $203.62 billion, a price-to-earnings ratio of 36.89, a P/E/G ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The business had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the prior year, the firm posted $1.21 EPS. The business's quarterly revenue was up 7.0% compared to the same quarter last year. Equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current 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.