Alpha Omega Wealth Management LLC Trims Stake in The Walt Disney Company (NYSE:DIS)

Alpha Omega Wealth Management LLC reduced its position in The Walt Disney Company (NYSE:DIS) by 1.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 15,141 shares of the entertainment giant’s stock after selling 195 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Walt Disney were worth $1,503,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in DIS. Gold Investment Management Ltd. purchased a new stake in shares of Walt Disney in the 4th quarter valued at about $28,000. ESL Trust Services LLC acquired a new position in Walt Disney in the 1st quarter valued at about $31,000. Partnership Wealth Management LLC acquired a new position in Walt Disney in the 4th quarter valued at about $33,000. Frank Rimerman Advisors LLC acquired a new position in Walt Disney in the 4th quarter valued at about $37,000. Finally, Beaird Harris Wealth Management LLC increased its position in Walt Disney by 30.7% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 498 shares of the entertainment giant’s stock valued at $45,000 after acquiring an additional 117 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DIS. UBS Group dropped their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Morgan Stanley dropped their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Raymond James dropped their target price on Walt Disney from $123.00 to $101.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Macquarie dropped their target price on Walt Disney from $107.00 to $94.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Finally, Loop Capital dropped their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.95.

Walt Disney Trading Up 1.3 %

NYSE DIS traded up $1.22 during trading hours on Monday, hitting $91.78. 7,998,628 shares of the company’s stock were exchanged, compared to its average volume of 11,553,087. The business’s 50 day moving average is $94.16 and its 200-day moving average is $104.50. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The firm has a market capitalization of $167.32 billion, a P/E ratio of 99.76, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75.

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

Insider Transactions at Walt Disney

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

Walt Disney Company 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.