Alpha Omega Wealth Management Lowers stake in Walt Disney Co (DIS)

Walt Disney Co (DIS) : Alpha Omega Wealth Management reduced its stake in Walt Disney Co by 34.81% during the most recent quarter end. The investment management company now holds a total of 749 shares of Walt Disney Co which is valued at $77,724 after selling 400 shares in Walt Disney Co , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Walt Disney Co makes up approximately 0.06% of Alpha Omega Wealth Management’s portfolio.

Walt Disney Co opened for trading at $105.19 and hit $105.6 on the upside on Wednesday, eventually ending the session at $105.28, with a gain of 0.37% or 0.39 points. The heightened volatility saw the trading volume jump to 59,96,077 shares. Company has a market cap of $171,772 M.

Other Hedge Funds, Including , Mercer Capital Advisers boosted its stake in DIS in the latest quarter, The investment management firm added 107 additional shares and now holds a total of 50,584 shares of Walt Disney Co which is valued at $5,249,102. Walt Disney Co makes up approx 4.42% of Mercer Capital Advisers’s portfolio.Yhb Investment Advisors reduced its stake in DIS by selling 3,060 shares or 3.71% in the most recent quarter. The Hedge Fund company now holds 79,310 shares of DIS which is valued at $8,229,999. Walt Disney Co makes up approx 2.18% of Yhb Investment Advisors’s portfolio. Cheyne Capital Management (uk) Llp sold out all of its stake in DIS during the most recent quarter. The investment firm sold 10,000 shares of DIS which is valued $1,037,700.Btr Capital Management Inc boosted its stake in DIS in the latest quarter, The investment management firm added 37,375 additional shares and now holds a total of 108,622 shares of Walt Disney Co which is valued at $10,709,043. Walt Disney Co makes up approx 2.46% of Btr Capital Management Inc’s portfolio.

On the company’s financial health, Walt Disney Co reported $1.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $1.46. The company had revenue of $15244.00 million for the quarter, compared to analysts expectations of $14795.57 million. The company’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.27 EPS.

Many Wall Street Analysts have commented on Walt Disney Co. Company shares were Upgraded by Pivotal Research Group on Apr 18, 2016 to ” Buy”, Firm has raised the Price Target to $ 121 from a previous price target of $104 .RBC Capital Mkts Initiated Walt Disney Co on Apr 8, 2016 to “Sector Perform”, Price Target of the shares are set at $103.Company shares were Reiterated by Guggenheim on Apr 7, 2016 to “Neutral”, Firm has raised the Price Target to $ 102 from a previous price target of $96 .

The Walt Disney Company incorporated on July 28 1995 together with its subsidiaries and affiliates is a diversified international family entertainment and media enterprise with five business segments: media networks parks and resorts studio entertainment consumer products and interactive media. Media Networks comprise an array of broadcast cable radio publishing and digital businesses across two divisions the Disney/ABC Television Group and ESPN Inc. Walt Disney Parks and Resorts (WDP&R) is a provider of family travel and leisure experiences. The Walt Disney Studio brings movies music and stage plays to consumers throughout the world. Disney Consumer Products (DCP) delivers product experiences across thousands of categories from toys and apparel to books and fine art. Disney Interactive is a creator of interactive entertainment across all current and emerging digital media platforms.

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