New Century Investment Management Inc Lowers stake in Walt Disney Co (DIS)

Walt Disney Co (DIS) : New Century Investment Management Inc reduced its stake in Walt Disney Co by 26.44% during the most recent quarter end. The investment management company now holds a total of 30,200 shares of Walt Disney Co which is valued at $2,950,842 after selling 10,854 shares in Walt Disney Co , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.Walt Disney Co makes up approximately 1.52% of New Century Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Rockefeller Financial Services Inc boosted its stake in DIS in the latest quarter, The investment management firm added 18,594 additional shares and now holds a total of 47,050 shares of Walt Disney Co which is valued at $4,597,256. Walt Disney Co makes up approx 0.09% of Rockefeller Financial Services Inc’s portfolio.Mechanics Bank Trust Department boosted its stake in DIS in the latest quarter, The investment management firm added 1,655 additional shares and now holds a total of 11,368 shares of Walt Disney Co which is valued at $1,116,565. Walt Disney Co makes up approx 0.40% of Mechanics Bank Trust Department’s portfolio.Lasalle Street Capital Management boosted its stake in DIS in the latest quarter, The investment management firm added 4,136 additional shares and now holds a total of 61,636 shares of Walt Disney Co which is valued at $6,053,888. Walt Disney Co makes up approx 5.60% of Lasalle Street Capital Management’s portfolio.Barrett Asset Management boosted its stake in DIS in the latest quarter, The investment management firm added 401 additional shares and now holds a total of 345,838 shares of Walt Disney Co which is valued at $33,968,208. Walt Disney Co makes up approx 2.83% of Barrett Asset Management’s portfolio.

Walt Disney Co closed down -1.25 points or -1.26% at $98.22 with 1,06,64,885 shares getting traded on Wednesday. Post opening the session at $98.65, the shares hit an intraday low of $97.14 and an intraday high of $98.69 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Walt Disney Co reported $1.36 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on May 10, 2016. Analyst had a consensus of $1.40. The company had revenue of $12969.00 million for the quarter, compared to analysts expectations of $13198.99 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 EPS.

Many Wall Street Analysts have commented on Walt Disney Co. Walt Disney Co was Downgraded by Stifel to ” Hold” on Jul 20, 2016. Shares were Reiterated by Topeka Capital Markets on May 11, 2016 to “Buy” and Lowered the Price Target to $ 129 from a previous price target of $130 .

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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