OMC Financial Services LTD Takes $1.14 Million Position in The Walt Disney Company (NYSE:DIS)

OMC Financial Services LTD bought a new position in shares of The Walt Disney Company (NYSE:DIS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,297 shares of the entertainment giant’s stock, valued at approximately $1,138,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Mcdonald Partners LLC grew its holdings in shares of Walt Disney by 0.5% during the 1st quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock valued at $2,199,000 after purchasing an additional 88 shares during the last quarter. Sendero Wealth Management LLC grew its stake in shares of Walt Disney by 2.0% during the first quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock worth $569,000 after buying an additional 89 shares during the last quarter. McKinley Carter Wealth Services Inc. increased its holdings in shares of Walt Disney by 1.5% during the first quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant’s stock worth $721,000 after buying an additional 89 shares in the last quarter. Pflug Koory LLC lifted its stake in shares of Walt Disney by 1.0% in the 1st quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock valued at $1,100,000 after acquiring an additional 91 shares during the last quarter. Finally, Regent Peak Wealth Advisors LLC lifted its stake in shares of Walt Disney by 3.5% in the 1st quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock valued at $343,000 after acquiring an additional 94 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DIS shares. Wells Fargo & Company upped their target price on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Argus upped their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Redburn Atlantic upgraded shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price on the stock in a research report on Tuesday, May 21st. Barclays decreased their price target on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $145.00 price target on shares of Walt Disney in a report on Wednesday, July 3rd. Three investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $128.13.

Walt Disney Stock Down 3.7 %

NYSE DIS traded down $3.48 during mid-day trading on Friday, hitting $89.57. The company’s stock had a trading volume of 15,433,552 shares, compared to its average volume of 10,202,989. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The company’s 50 day simple moving average is $98.39 and its 200 day simple moving average is $105.24. 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 $163.29 billion, a price-to-earnings ratio of 97.36, a PEG ratio of 1.15 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. The company had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 earnings per share. Analysts anticipate that The Walt Disney Company will post 4.77 earnings per share for the current year.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 4,400 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Walt Disney news, Director James P. Gorman bought 20,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the purchase, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Sonia L. Coleman sold 4,400 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

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.