Alpha Omega Wealth Management LLC Has $1.41 Million Holdings in The Walt Disney Company (NYSE:DIS)

Alpha Omega Wealth Management LLC lowered its position in The Walt Disney Company (NYSE:DIS) by 26.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,575 shares of the entertainment giant’s stock after selling 5,492 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Walt Disney were worth $1,406,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of DIS. Trian Fund Management L.P. increased its stake in shares of Walt Disney by 411.6% in the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock valued at $2,663,976,000 after buying an additional 26,443,257 shares in the last quarter. Moneta Group Investment Advisors LLC increased its position in Walt Disney by 109,924.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock valued at $2,056,126,000 after acquiring an additional 23,644,765 shares in the last quarter. Norges Bank bought a new position in shares of Walt Disney in the fourth quarter worth about $1,433,075,000. Morgan Stanley lifted its position in shares of Walt Disney by 13.5% during the fourth quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock worth $4,011,473,000 after purchasing an additional 5,499,014 shares in the last quarter. Finally, First Eagle Investment Management LLC bought a new stake in shares of Walt Disney during the third quarter valued at approximately $326,171,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the topic of a number of recent research reports. Daiwa Capital Markets reiterated a “buy” rating and issued a $133.00 price objective on shares of Walt Disney in a research report on Monday, April 1st. Bank of America lifted their price objective on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Barclays upgraded shares of Walt Disney from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $95.00 to $135.00 in a research report on Monday, March 25th. Wells Fargo & Company lifted their price target on shares of Walt Disney from $115.00 to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Finally, Argus increased their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $124.54.

Walt Disney Stock Down 0.3 %

Shares of Walt Disney stock traded down $0.36 on Wednesday, hitting $113.52. The company had a trading volume of 3,994,481 shares, compared to its average volume of 12,149,497. The stock has a 50-day moving average of $113.59 and a 200-day moving average of $98.14. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The firm has a market capitalization of $208.23 billion, a P/E ratio of 70.30, a P/E/G ratio of 1.64 and a beta of 1.42.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The firm had revenue of $23.50 billion during the quarter, compared to analyst estimates of $23.71 billion. During the same period in the prior year, the business earned $0.99 EPS. The company’s revenue for the quarter was down .1% compared to the same quarter last year. Research analysts predict that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be given a $0.45 dividend. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio is presently 18.52%.

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.