Omnia Family Wealth LLC Grows Stock Holdings in The Walt Disney Company (NYSE:DIS)

Omnia Family Wealth LLC lifted its position in shares of The Walt Disney Company (NYSE:DIS) by 2.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 13,706 shares of the entertainment giant’s stock after buying an additional 263 shares during the period. Walt Disney makes up 0.6% of Omnia Family Wealth LLC’s holdings, making the stock its 19th largest holding. Omnia Family Wealth LLC’s holdings in Walt Disney were worth $1,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of DIS. Principle Wealth Partners LLC grew its stake in Walt Disney by 10.3% in the 4th quarter. Principle Wealth Partners LLC now owns 25,893 shares of the entertainment giant’s stock valued at $2,338,000 after acquiring an additional 2,410 shares during the last quarter. Transcend Capital Advisors LLC grew its position in shares of Walt Disney by 21.8% in the fourth quarter. Transcend Capital Advisors LLC now owns 31,305 shares of the entertainment giant’s stock valued at $2,827,000 after purchasing an additional 5,601 shares during the last quarter. Opinicus Capital Inc. purchased a new position in shares of Walt Disney during the 4th quarter worth approximately $797,000. Lathrop Investment Management Corp raised its position in shares of Walt Disney by 1.5% during the 4th quarter. Lathrop Investment Management Corp now owns 123,600 shares of the entertainment giant’s stock worth $11,160,000 after purchasing an additional 1,839 shares during the last quarter. Finally, Unique Wealth Strategies LLC purchased a new stake in Walt Disney in the 4th quarter valued at approximately $1,288,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DIS shares. Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $95.00 to $135.00 in a research report on Monday, March 25th. 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. UBS Group lifted their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Morgan Stanley lifted their price objective on Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Finally, Tigress Financial reiterated a “buy” rating and set a $136.00 price objective on shares of Walt Disney in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.08.

Walt Disney Trading Down 0.0 %

Shares of NYSE:DIS traded down $0.04 during trading on Friday, reaching $112.73. 6,304,843 shares of the stock were exchanged, compared to its average volume of 9,049,604. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The firm has a market cap of $206.78 billion, a price-to-earnings ratio of 69.59, a price-to-earnings-growth ratio of 1.39 and a beta of 1.42. The firm’s 50-day moving average price is $114.18 and its 200 day moving average price is $99.76.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. During the same quarter in the previous year, the business earned $0.99 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. On average, sell-side analysts anticipate that The Walt Disney Company will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

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

Insider Transactions at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the business’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 transaction of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

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.