Redhawk Wealth Advisors Inc. Sells 351 Shares of The Walt Disney Company (NYSE:DIS)

Redhawk Wealth Advisors Inc. lowered its position in shares of The Walt Disney Company (NYSE:DIS) by 7.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,077 shares of the entertainment giant’s stock after selling 351 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Walt Disney were worth $392,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. lifted its holdings in Walt Disney by 84.6% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock worth $244,754,000 after purchasing an additional 916,772 shares in the last quarter. Jennison Associates LLC purchased a new stake in Walt Disney in the 1st quarter worth $1,490,492,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Walt Disney by 4.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock valued at $68,113,000 after purchasing an additional 22,568 shares during the last quarter. Rheos Capital Works Inc. grew its position in shares of Walt Disney by 41.3% during the first quarter. Rheos Capital Works Inc. now owns 175,900 shares of the entertainment giant’s stock valued at $21,523,000 after purchasing an additional 51,400 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of Walt Disney by 555.9% in the first quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock worth $117,599,000 after purchasing an additional 810,923 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Up 0.9 %

Shares of Walt Disney stock opened at $94.97 on Tuesday. The company has a fifty day simple moving average of $90.99 and a 200-day simple moving average of $99.46. The Walt Disney Company has a 12-month low of $79.23 and a 12-month high of $123.74. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The stock has a market cap of $173.13 billion, a price-to-earnings ratio of 103.23, a PEG ratio of 1.49 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. On average, equities analysts forecast that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Insider Buying and Selling at Walt Disney

In other news, Director Calvin Mcdonald acquired 11,756 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $85.06 per share, with a total value of $999,965.36. Following the purchase, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. This represents a 100.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DIS shares. UBS Group cut their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Moffett Nathanson cut their price objective on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. lowered their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. The Goldman Sachs Group assumed coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective for the company. Finally, Evercore ISI reduced their target price on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average target price of $119.20.

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.