Redhawk Wealth Advisors Inc. Sells 125 Shares of The Walt Disney Company (NYSE:DIS)

Redhawk Wealth Advisors Inc. lessened its position in shares of The Walt Disney Company (NYSE:DIS) by 2.7% during the second quarter, HoldingsChannel.com reports. The fund owned 4,428 shares of the entertainment giant’s stock after selling 125 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Walt Disney were worth $440,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DIS. NewEdge Wealth LLC increased its position in shares of Walt Disney by 38.4% in the fourth quarter. NewEdge Wealth LLC now owns 16,218 shares of the entertainment giant’s stock worth $1,464,000 after purchasing an additional 4,501 shares during the last quarter. Lecap Asset Management Ltd. bought a new position in shares of Walt Disney in the 4th quarter worth $533,000. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Walt Disney by 248.1% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,036 shares of the entertainment giant’s stock valued at $1,269,000 after buying an additional 10,004 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in Walt Disney by 2.4% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 10,293 shares of the entertainment giant’s stock worth $929,000 after acquiring an additional 242 shares in the last quarter. Finally, Waldron Private Wealth LLC raised its position in Walt Disney by 21.1% during the fourth quarter. Waldron Private Wealth LLC now owns 12,739 shares of the entertainment giant’s stock valued at $1,154,000 after purchasing an additional 2,218 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DIS has been the topic of several recent research reports. Wells Fargo & Company reduced their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Raymond James lowered their price objective on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Macquarie reduced their target price on shares of Walt Disney from $107.00 to $94.00 and set a “neutral” rating on the stock in a report on Monday. Barclays lowered their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, Morgan Stanley decreased their price objective on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Three research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $118.21.

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Stock Up 2.9 %

Shares of NYSE:DIS traded up $2.49 during trading on Thursday, hitting $88.79. The stock had a trading volume of 12,056,938 shares, compared to its average volume of 11,686,883. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The company has a market capitalization of $161.87 billion, a PE ratio of 96.03, a PEG ratio of 1.15 and a beta of 1.40. The firm’s fifty day moving average is $95.90 and its 200 day moving average is $104.95.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter in the prior year, the company earned $1.03 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. Analysts anticipate that The Walt Disney Company will post 4.77 EPS for the current fiscal year.

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.