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

by · The Cerbat Gem

Rede Wealth LLC cut its holdings in The Walt Disney Company (NYSE:DIS – Free Report) by 3.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Walt Disney in the first quarter worth about $26,000. DiNuzzo Private Wealth Inc. grew its stake in shares of Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares during the last quarter. Harbor Asset Planning Inc. bought a new stake in shares of Walt Disney in the second quarter worth about $37,000. RMG Wealth Management LLC bought a new stake in shares of Walt Disney in the second quarter worth about $49,000. Finally, Core Alternative Capital grew its stake in shares of Walt Disney by 71.0% in the first quarter. Core Alternative Capital now owns 542 shares of the entertainment giant’s stock worth $53,000 after purchasing an additional 225 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Performance

Shares of DIS opened at $112.70 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average price is $114.12 and its 200-day moving average price is $112.68. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The stock has a market cap of $202.63 billion, a P/E ratio of 17.66, a P/E/G ratio of 1.45 and a beta of 1.54.

Walt Disney (NYSE:DIS – Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. During the same period in the previous year, the firm posted $1.39 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Raymond James Financial reissued a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Jefferies Financial Group cut Walt Disney from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Wall Street Zen cut Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $141.00 price objective on shares of Walt Disney in a research report on Friday, October 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Tuesday, September 23rd. Nineteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $132.90.

Read Our Latest Stock Analysis on DIS

Walt Disney Profile

(Free Report)

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.

See Also

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