Omnia Family Wealth LLC Trims Stock Holdings in Walt Disney Co (NYSE:DIS)
Omnia Family Wealth LLC trimmed its holdings in Walt Disney Co (NYSE:DIS) by 0.7% in the second quarter, Holdings Channel reports. The institutional investor owned 18,097 shares of the entertainment giant’s stock after selling 123 shares during the quarter. Walt Disney accounts for approximately 1.3% of Omnia Family Wealth LLC’s investment portfolio, making the stock its 17th biggest holding. Omnia Family Wealth LLC’s holdings in Walt Disney were worth $2,527,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the stock. Centerpoint Advisors LLC boosted its position in shares of Walt Disney by 276.5% during the second quarter. Centerpoint Advisors LLC now owns 192 shares of the entertainment giant’s stock worth $27,000 after acquiring an additional 141 shares during the last quarter. Portfolio Solutions LLC bought a new position in shares of Walt Disney during the fourth quarter worth $43,000. Riverview Trust Co bought a new position in shares of Walt Disney during the fourth quarter worth $48,000. MRA Associates USA LLC bought a new position in shares of Walt Disney during the second quarter worth $53,000. Finally, Bay Harbor Wealth Management LLC boosted its position in shares of Walt Disney by 94.2% during the second quarter. Bay Harbor Wealth Management LLC now owns 433 shares of the entertainment giant’s stock worth $60,000 after acquiring an additional 210 shares during the last quarter. Institutional investors and hedge funds own 64.27% of the company’s stock.
DIS has been the subject of a number of research reports. Loop Capital upped their target price on shares of Walt Disney to $165.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. Needham & Company LLC restated a “hold” rating on shares of Walt Disney in a research report on Wednesday, August 7th. JPMorgan Chase & Co. restated a “buy” rating and set a $150.00 target price on shares of Walt Disney in a research report on Wednesday, August 7th. BMO Capital Markets upped their target price on shares of Walt Disney from $140.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. Finally, Zacks Investment Research upgraded shares of Walt Disney from a “strong sell” rating to a “hold” rating and set a $120.00 target price for the company in a research report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have assigned a buy rating to the stock. Walt Disney currently has a consensus rating of “Buy” and a consensus target price of $148.22.
DIS stock traded down $0.01 during trading on Friday, hitting $137.83. 1,298,214 shares of the company’s stock traded hands, compared to its average volume of 10,323,567. Walt Disney Co has a 52 week low of $100.35 and a 52 week high of $147.15. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.67 and a current ratio of 0.70. The business has a fifty day simple moving average of $139.42 and a 200 day simple moving average of $129.98. The stock has a market capitalization of $248.30 billion, a price-to-earnings ratio of 19.47, a P/E/G ratio of 4.45 and a beta of 0.96.
Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, August 6th. The entertainment giant reported $1.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.41). The business had revenue of $20.25 billion for the quarter, compared to the consensus estimate of $21.40 billion. Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. Walt Disney’s revenue for the quarter was up 32.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.87 EPS. Research analysts forecast that Walt Disney Co will post 6 earnings per share for the current fiscal year.
Walt Disney Company Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
See Also: Why Invest in Dividend Achievers?
Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).
Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.