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

Redwood Investment Management LLC bought a new stake in shares of The Walt Disney Company (NYSE:DIS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,931 shares of the entertainment giant’s stock, valued at approximately $1,551,000.

Several other institutional investors also recently made changes to their positions in DIS. Trek Financial LLC lifted its position in Walt Disney by 479.9% in the fourth quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant’s stock worth $4,044,000 after purchasing an additional 30,057 shares during the period. Greystone Financial Group LLC increased its stake in shares of Walt Disney by 13.3% in the fourth quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock worth $9,486,000 after acquiring an additional 9,967 shares during the last quarter. FourThought Financial Partners LLC acquired a new position in shares of Walt Disney in the fourth quarter worth $446,000. Avanza Fonder AB acquired a new position in shares of Walt Disney in the fourth quarter worth $15,125,000. Finally, Swedbank AB increased its position in Walt Disney by 14.4% during the fourth quarter. Swedbank AB now owns 3,361,792 shares of the entertainment giant’s stock worth $374,336,000 after buying an additional 422,339 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.16% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS stock opened at $112.06 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $201.46 billion, a PE ratio of 36.50, a P/E/G ratio of 1.80 and a beta of 1.49. The company has a 50 day moving average price of $94.32 and a 200-day moving average price of $104.54. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $118.63.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The business had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter in the previous year, the firm earned $1.21 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. UBS Group raised their price target on shares of Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Morgan Stanley raised their price target on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Prescient Securities dropped their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Finally, Loop Capital raised their price target on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Six 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 stock. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $123.54.

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.