Walt Disney Co (DIS) : Osborne Partners Capital Management reduced its stake in Walt Disney Co by 23.71% during the most recent quarter end. The investment management company now holds a total of 128,247 shares of Walt Disney Co which is valued at $12,596,420 after selling 39,857 shares in Walt Disney Co , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Walt Disney Co makes up approximately 1.82% of Osborne Partners Capital Management’s portfolio.
Other Hedge Funds, Including , Capital One National Association boosted its stake in DIS in the latest quarter, The investment management firm added 43,905 additional shares and now holds a total of 158,396 shares of Walt Disney Co which is valued at $15,557,655. Walt Disney Co makes up approx 1.24% of Capital One National Association’s portfolio.Wendell David Associates Inc boosted its stake in DIS in the latest quarter, The investment management firm added 21,375 additional shares and now holds a total of 33,074 shares of Walt Disney Co which is valued at $3,248,528. Walt Disney Co makes up approx 0.62% of Wendell David Associates Inc’s portfolio.Sarasin Partners Llp reduced its stake in DIS by selling 131,869 shares or 8.37% in the most recent quarter. The Hedge Fund company now holds 1,443,920 shares of DIS which is valued at $144,608,588. Walt Disney Co makes up approx 2.32% of Sarasin Partners Llp’s portfolio. Searle sold out all of its stake in DIS during the most recent quarter. The investment firm sold 19,040 shares of DIS which is valued $1,901,715.Raymond James Trust N.a. boosted its stake in DIS in the latest quarter, The investment management firm added 8,894 additional shares and now holds a total of 88,937 shares of Walt Disney Co which is valued at $8,859,904. Walt Disney Co makes up approx 0.74% of Raymond James Trust N.a.’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.