Afam Capital Lowers stake in Walt Disney Co (DIS)

Walt Disney Co (DIS) : Afam Capital reduced its stake in Walt Disney Co by 4.62% during the most recent quarter end. The investment management company now holds a total of 101,876 shares of Walt Disney Co which is valued at $10.2 Million after selling 4,931 shares in Walt Disney Co , the firm said in a disclosure report filed with the SEC on May 13, 2016.Walt Disney Co makes up approximately 1.71% of Afam Capital’s portfolio.

Other Hedge Funds, Including , Ashfield Capital Partners reduced its stake in DIS by selling 21,611 shares or 6.9% in the most recent quarter. The Hedge Fund company now holds 291,635 shares of DIS which is valued at $29.3 Million. Walt Disney Co makes up approx 2.16% of Ashfield Capital Partners’s portfolio. Nations Financial Group Inc Ia Adv added DIS to its portfolio by purchasing 3,136 company shares during the most recent quarter which is valued at $315,231. Walt Disney Co makes up approx 0.36% of Nations Financial Group Inc Ia Adv’s portfolio.Brown Advisory Securities boosted its stake in DIS in the latest quarter, The investment management firm added 1,304 additional shares and now holds a total of 20,108 shares of Walt Disney Co which is valued at $2 Million. Walt Disney Co makes up approx 0.67% of Brown Advisory Securities’s portfolio.Smead Capital Management reduced its stake in DIS by selling 89,911 shares or 10.12% in the most recent quarter. The Hedge Fund company now holds 798,539 shares of DIS which is valued at $84.3 Million. Walt Disney Co makes up approx 3.63% of Smead Capital Management’s portfolio.Russell Frank Co reduced its stake in DIS by selling 882,446 shares or 27.74% in the most recent quarter. The Hedge Fund company now holds 2,299,026 shares of DIS which is valued at $237.4 Million. Walt Disney Co makes up approx 0.41% of Russell Frank Co’s portfolio.

Walt Disney Co opened for trading at $99.92 and hit $100.8 on the upside on Wednesday, eventually ending the session at $99.86, with a gain of 0.35% or 0.35 points. The heightened volatility saw the trading volume jump to 56,78,770 shares. Company has a market cap of $162,017 M.

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. 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 .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.

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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