OMERS ADMINISTRATION Corp Cuts Stock Holdings in The Walt Disney Company $DIS

Key Points

• OMERS ADMINISTRATION Corp has reduced its stake in The Walt Disney Company by 9.0%, owning 75,579 shares valued at approximately $7.46 million after selling 7,507 shares.
• Walt Disney reported an EPS of $1.61 for the last quarter, exceeding estimates of $1.45, while its revenue was slightly below projections at $23.65 billion.
• Barclays and Morgan Stanley have both raised their price targets for Disney's stock to $140.00, reflecting a strong demand for shares as a total of 19 analysts have rated it as a Buy or Strong Buy.

OMERS ADMINISTRATION Corp reduced its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 9.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,579 shares of the entertainment giant's stock after selling 7,507 shares during the period. OMERS ADMINISTRATION Corp's holdings in Walt Disney were worth $7,460,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DIS. Clearstead Trust LLC lifted its position in Walt Disney by 0.6% in the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock valued at $1,629,000 after acquiring an additional 99 shares during the last quarter. Hemington Wealth Management increased its stake in shares of Walt Disney by 1.9% during the first quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant's stock worth $555,000 after acquiring an additional 105 shares during the period. Allegheny Financial Group grew its position in Walt Disney by 2.3% during the fourth quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock worth $515,000 after buying an additional 106 shares during the period. Leigh Baldwin & CO. LLC grew its position in Walt Disney by 2.2% during the first quarter. Leigh Baldwin & CO. LLC now owns 4,994 shares of the entertainment giant's stock worth $493,000 after buying an additional 108 shares during the period. Finally, Resonant Capital Advisors LLC grew its position in Walt Disney by 0.4% during the first quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock worth $2,578,000 after buying an additional 113 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Up 0.6%

Shares of DIS traded up $0.75 on Monday, hitting $118.39. 5,210,979 shares of the stock traded hands, compared to its average volume of 8,424,572. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $212.86 billion, a P/E ratio of 18.56, a P/E/G ratio of 1.71 and a beta of 1.55. The stock's 50 day moving average is $119.20 and its two-hundred day moving average is $108.50. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.39 earnings per share. As a group, sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Ratings Changes

DIS has been the topic of several recent research reports. Wall Street Zen downgraded shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. Barclays upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Guggenheim upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a report on Friday, June 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Thursday, August 7th. Finally, Citigroup upped their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $131.18.

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.