OMC Financial Services LTD Trims Stake in The Walt Disney Company $DIS

OMC Financial Services LTD cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 7.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,219 shares of the entertainment giant’s stock after selling 249 shares during the quarter. OMC Financial Services LTD’s holdings in Walt Disney were worth $399,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. boosted its position in shares of Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new position in Walt Disney during the first quarter worth $26,000. Kessler Investment Group LLC boosted its position in shares of Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after buying an additional 200 shares during the period. Harbor Asset Planning Inc. acquired a new stake in shares of Walt Disney in the second quarter valued at $37,000. Finally, RMG Wealth Management LLC purchased a new stake in shares of Walt Disney in the 2nd quarter valued at $49,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Trading Up 2.1%

DIS opened at $114.32 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company has a market cap of $205.54 billion, a P/E ratio of 17.92, a PEG ratio of 1.47 and a beta of 1.54. The business’s 50-day simple moving average is $114.86 and its 200-day simple moving average is $111.21.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.16. The firm had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.39 earnings per share. As a group, equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DIS has been the topic of several research reports. Evercore ISI increased their target price on Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Citigroup boosted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Susquehanna reissued a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Jefferies Financial Group lowered shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Finally, UBS Group upped their target price on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Nineteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $132.90.

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.