Renaissance Investment Group buys $5.9 Million stake in Walt Disney Co (DIS)

Walt Disney Co (DIS) : Renaissance Investment Group scooped up 358 additional shares in Walt Disney Co during the most recent quarter end , according to a recent disclosure to the SEC on Apr 1, 2016. The investment management firm now holds a total of 59,422 shares of Walt Disney Co which is valued at $5.9 Million.Walt Disney Co makes up approximately 2.94% of Renaissance Investment Group’s portfolio.

Other Hedge Funds, Including , Cacti Asset Management boosted its stake in DIS in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 387,193 shares of Walt Disney Co which is valued at $38.4 Million. Walt Disney Co makes up approx 4.12% of Cacti Asset Management’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. 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 .Company shares were Upgraded by Piper Jaffray on Mar 3, 2016 to ” Overweight”, Firm has raised the Price Target to $ 120 from a previous price target of $105 .

Walt Disney Co closed down -0.15 points or -0.16% at $96.27 with 59,16,642 shares getting traded on Monday. Post opening the session at $96.93, the shares hit an intraday low of $96.195 and an intraday high of $97.6399 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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