Gerstein Fisher Lowers stake in Walt Disney Co (DIS)

Walt Disney Co (DIS) : Gerstein Fisher reduced its stake in Walt Disney Co by 0.95% during the most recent quarter end. The investment management company now holds a total of 28,890 shares of Walt Disney Co which is valued at $2,824,575 after selling 278 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 0.36% of Gerstein Fisher’s portfolio.

Other Hedge Funds, Including , Norinchukin Bank The boosted its stake in DIS in the latest quarter, The investment management firm added 21,924 additional shares and now holds a total of 380,240 shares of Walt Disney Co which is valued at $37,176,065. Walt Disney Co makes up approx 0.87% of Norinchukin Bank The’s portfolio.Intrust Bank Na reduced its stake in DIS by selling 711 shares or 8.29% in the most recent quarter. The Hedge Fund company now holds 7,865 shares of DIS which is valued at $755,748. Walt Disney Co makes up approx 0.30% of Intrust Bank Na’s portfolio.Pillar Pacific Capital Management boosted its stake in DIS in the latest quarter, The investment management firm added 2,084 additional shares and now holds a total of 78,192 shares of Walt Disney Co which is valued at $7,513,469. Walt Disney Co makes up approx 1.21% of Pillar Pacific Capital Management’s portfolio.Orca Investment Management boosted its stake in DIS in the latest quarter, The investment management firm added 11,977 additional shares and now holds a total of 39,289 shares of Walt Disney Co which is valued at $3,784,709. Walt Disney Co makes up approx 3.55% of Orca Investment Management’s portfolio.Eastern Bank reduced its stake in DIS by selling 537 shares or 0.35% in the most recent quarter. The Hedge Fund company now holds 154,240 shares of DIS which is valued at $15,447,136. Walt Disney Co makes up approx 1.21% of Eastern Bank’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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