Walt Disney Co (DIS) : Jennison Associates reduced its stake in Walt Disney Co by 8.89% during the most recent quarter end. The investment management company now holds a total of 10,270,145 shares of Walt Disney Co which is valued at $986,858,233 after selling 1,001,577 shares in Walt Disney Co , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Walt Disney Co makes up approximately 1.03% of Jennison Associates’s portfolio.
Other Hedge Funds, Including , Swiss National Bank boosted its stake in DIS in the latest quarter, The investment management firm added 264,600 additional shares and now holds a total of 4,344,828 shares of Walt Disney Co which is valued at $417,494,523. Walt Disney Co makes up approx 0.66% of Swiss National Bank’s portfolio.Pekin Singer Strauss Asset Management Il reduced its stake in DIS by selling 950 shares or 5.54% in the most recent quarter. The Hedge Fund company now holds 16,184 shares of DIS which is valued at $1,555,121. Walt Disney Co makes up approx 0.33% of Pekin Singer Strauss Asset Management Il’s portfolio.California State Teachers Retirement System reduced its stake in DIS by selling 161,214 shares or 4.47% in the most recent quarter. The Hedge Fund company now holds 3,443,676 shares of DIS which is valued at $330,902,827. Walt Disney Co makes up approx 0.69% of California State Teachers Retirement System’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.Essex Financial Services reduced its stake in DIS by selling 1,775 shares or 5.47% in the most recent quarter. The Hedge Fund company now holds 30,691 shares of DIS which is valued at $2,944,801. Walt Disney Co makes up approx 0.69% of Essex Financial Services’s portfolio.
Walt Disney Co closed down -0.08 points or -0.08% at $95.75 with 77,92,013 shares getting traded on Monday. Post opening the session at $96.11, the shares hit an intraday low of $95.58 and an intraday high of $96.29 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.