Redwood Park Advisors LLC Sells 100 Shares of The Walt Disney Company $DIS

Redwood Park Advisors LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 21.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 375 shares of the entertainment giant’s stock after selling 100 shares during the quarter. Redwood Park Advisors LLC’s holdings in Walt Disney were worth $47,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DIS. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Walt Disney in the 1st quarter valued at about $26,000. DiNuzzo Private Wealth Inc. boosted its stake in shares of Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after purchasing an additional 94 shares during the last quarter. Harbor Asset Planning Inc. bought a new position in Walt Disney in the second quarter valued at approximately $37,000. RMG Wealth Management LLC bought a new position in Walt Disney in the second quarter valued at approximately $49,000. Finally, Core Alternative Capital boosted its stake in Walt Disney by 71.0% in the first quarter. Core Alternative Capital now owns 542 shares of the entertainment giant’s stock valued at $53,000 after acquiring an additional 225 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $112.28 on Tuesday. The firm has a market cap of $201.87 billion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 1.46 and a beta of 1.54. The stock’s 50-day moving average is $114.56 and its 200-day moving average is $112.13. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating the consensus estimate of $1.45 by $0.16. The firm had revenue of $23.65 billion for 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 business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.39 EPS. Equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DIS. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Tuesday, September 23rd. Stephens reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Evercore ISI lifted their target price on Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Jefferies Financial Group cut Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Finally, Morgan Stanley lifted their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney Company 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.