Stack Financial Management Inc Lowers stake in Walt Disney Co (DIS)

Walt Disney Co (DIS) : Stack Financial Management Inc reduced its stake in Walt Disney Co by 1.04% during the most recent quarter end. The investment management company now holds a total of 168,696 shares of Walt Disney Co which is valued at $16,493,408 after selling 1,780 shares in Walt Disney Co , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Walt Disney Co makes up approximately 2.02% of Stack Financial Management Inc’s portfolio.

Other Hedge Funds, Including , Los Angeles Capital Management Equity Research Inc reduced its stake in DIS by selling 237,972 shares or 40.02% in the most recent quarter. The Hedge Fund company now holds 356,705 shares of DIS which is valued at $34,875,048. Walt Disney Co makes up approx 0.29% of Los Angeles Capital Management Equity Research Inc’s portfolio. Herndon Capital Management added DIS to its portfolio by purchasing 137 company shares during the most recent quarter which is valued at $13,145.Jnba Financial Advisors boosted its stake in DIS in the latest quarter, The investment management firm added 16,605 additional shares and now holds a total of 22,901 shares of Walt Disney Co which is valued at $2,237,657. Walt Disney Co makes up approx 0.60% of Jnba Financial Advisors’s portfolio.Kanaly Trust Co reduced its stake in DIS by selling 111 shares or 9.69% in the most recent quarter. The Hedge Fund company now holds 1,035 shares of DIS which is valued at $101,130. Walt Disney Co makes up approx 0.02% of Kanaly Trust Co’s portfolio.Advocacy Wealth Management Services reduced its stake in DIS by selling 4 shares or 0.44% in the most recent quarter. The Hedge Fund company now holds 915 shares of DIS which is valued at $91,637. Walt Disney Co makes up approx 0.04% of Advocacy Wealth Management Services’s portfolio.

Walt Disney Co opened for trading at $97.35 and hit $97.61 on the upside on Monday, eventually ending the session at $97.1, with a gain of 0.27% or 0.26 points. The heightened volatility saw the trading volume jump to 52,99,588 shares. Company has a market cap of $156,050 M.

On the company’s financial health, Walt Disney Co reported $1.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $1.61. The company had revenue of $14277.00 million for the quarter, compared to analysts expectations of $14156.03 million. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 EPS.

Many Wall Street Analysts have commented on Walt Disney Co. Walt Disney Co was Upgraded by Macquarie to ” Outperform” on Aug 10, 2016. Shares were Reiterated by Pivotal Research Group on Aug 10, 2016 to “Buy” and Lowered the Price Target to $ 118 from a previous price target of $122 .Shares were Downgraded by FBR Capital on Jul 26, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 108 from a previous price target of $111 .

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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