Perkins Coie Trust Co Lowers stake in Walt Disney Co (DIS)

Walt Disney Co (DIS) : Perkins Coie Trust Co reduced its stake in Walt Disney Co by 5.7% during the most recent quarter end. The investment management company now holds a total of 25,352 shares of Walt Disney Co which is valued at $2,499,454 after selling 1,532 shares in Walt Disney Co , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.Walt Disney Co makes up approximately 1.68% of Perkins Coie Trust Co’s portfolio.

Walt Disney Co closed down -0.36 points or -0.35% at $102.91 with 68,24,756 shares getting traded on Wednesday. Post opening the session at $103.36, the shares hit an intraday low of $102.65 and an intraday high of $104.12 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Northstar Group boosted its stake in DIS in the latest quarter, The investment management firm added 189 additional shares and now holds a total of 13,723 shares of Walt Disney Co which is valued at $1,352,951. Walt Disney Co makes up approx 1.03% of Northstar Group’s portfolio.Jacobs Coca boosted its stake in DIS in the latest quarter, The investment management firm added 4,954 additional shares and now holds a total of 74,947 shares of Walt Disney Co which is valued at $7,389,025. Walt Disney Co makes up approx 1.75% of Jacobs Coca’s portfolio.Sit Investment Associates Inc reduced its stake in DIS by selling 2,400 shares or 5.72% in the most recent quarter. The Hedge Fund company now holds 39,585 shares of DIS which is valued at $3,902,685. Walt Disney Co makes up approx 0.07% of Sit Investment Associates Inc’s portfolio.Naples Global Advisors boosted its stake in DIS in the latest quarter, The investment management firm added 5,770 additional shares and now holds a total of 14,524 shares of Walt Disney Co which is valued at $1,431,921. Walt Disney Co makes up approx 0.59% of Naples Global Advisors’s portfolio.Webster Bank N. A. boosted its stake in DIS in the latest quarter, The investment management firm added 11,269 additional shares and now holds a total of 36,261 shares of Walt Disney Co which is valued at $3,574,972. Walt Disney Co makes up approx 0.55% of Webster Bank N. A.’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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