Alpha Omega Wealth Management LLC Sells 5,492 Shares of The Walt Disney Company (NYSE:DIS)

Alpha Omega Wealth Management LLC lessened its position in shares of The Walt Disney Company (NYSE:DIS) by 26.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Walt Disney by 0.7% during the third quarter. Vanguard Group Inc. now owns 149,887,754 shares of the entertainment giant’s stock valued at $12,148,402,000 after buying an additional 994,575 shares during the period. Morgan Stanley raised its holdings in shares of Walt Disney by 13.5% in the 4th quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after acquiring an additional 5,499,014 shares in the last quarter. Trian Fund Management L.P. boosted its position in shares of Walt Disney by 411.6% during the 3rd 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 acquiring an additional 26,443,257 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Walt Disney by 10.6% during the third quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock worth $2,014,861,000 after purchasing an additional 2,384,407 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC increased its position in shares of Walt Disney by 109,924.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock worth $2,056,126,000 after purchasing an additional 23,644,765 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DIS. Needham & Company LLC boosted their price target on shares of Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Rosenblatt Securities upped their target price on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. initiated coverage on Walt Disney in a research report on Thursday, April 11th. They set an “overweight” rating and a $140.00 price target on the stock. The Goldman Sachs Group cut their price objective on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Finally, Macquarie raised their price objective on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. One 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $124.54.

Insider Buying and Selling

In other news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the transaction, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is owned by insiders.

Walt Disney Trading Down 0.3 %

Shares of DIS traded down $0.36 during mid-day trading on Wednesday, hitting $113.52. 3,994,481 shares of the company’s stock traded hands, compared to its average volume of 12,149,497. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $208.23 billion, a P/E ratio of 70.30, a PEG ratio of 1.64 and a beta of 1.42. The business’s 50-day moving average price is $113.59 and its 200-day moving average price is $98.14. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating 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 business had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. During the same period in the previous year, the firm earned $0.99 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts forecast that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be paid 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 payout ratio is currently 18.52%.

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.