Rede Wealth LLC Sells 100 Shares of The Walt Disney Company $DIS

Rede Wealth LLC reduced its stake in The Walt Disney Company (NYSE:DIS) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,858 shares of the entertainment giant’s stock after selling 100 shares during the quarter. Rede Wealth LLC’s holdings in Walt Disney were worth $354,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in DIS. J. Safra Sarasin Holding AG lifted its position in Walt Disney by 8.1% in the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock valued at $21,983,000 after acquiring an additional 16,781 shares in the last quarter. Planning Directions Inc. purchased a new stake in Walt Disney during the 1st quarter valued at $326,000. Kingstone Capital Partners Texas LLC purchased a new stake in Walt Disney during the 2nd quarter valued at $4,220,599,000. Wedge Capital Management L L P NC raised its stake in Walt Disney by 8,744.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock valued at $39,724,000 after buying an additional 316,707 shares during the last quarter. Finally, Lodge Hill Capital LLC purchased a new stake in Walt Disney during the 1st quarter valued at $24,373,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Trading Up 0.8%

NYSE:DIS opened at $112.70 on Friday. 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 firm has a market capitalization of $202.63 billion, a price-to-earnings ratio of 17.66, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The business has a fifty day moving average price of $114.12 and a 200-day moving average price of $112.68.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data 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 during 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 was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.39 EPS. Sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DIS shares. Rosenblatt Securities reiterated a “buy” rating and set a $141.00 target price on shares of Walt Disney in a research note on Friday, October 17th. Citigroup boosted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Jefferies Financial Group lowered shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average target price of $132.90.

About Walt Disney

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.