Capstone Asset Management Co Lowers stake in Walt Disney Co (DIS)

Walt Disney Co (DIS) : Capstone Asset Management Co reduced its stake in Walt Disney Co by 6.06% during the most recent quarter end. The investment management company now holds a total of 181,185 shares of Walt Disney Co which is valued at $16,643,654 after selling 11,692 shares in Walt Disney Co , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Walt Disney Co makes up approximately 0.49% of Capstone Asset Management Co’s portfolio.

Other Hedge Funds, Including , Bristlecone Advisors reduced its stake in DIS by selling 303 shares or 1.13% in the most recent quarter. The Hedge Fund company now holds 26,448 shares of DIS which is valued at $2,429,513. Walt Disney Co makes up approx 0.89% of Bristlecone Advisors’s portfolio.Fisher Asset Management boosted its stake in DIS in the latest quarter, The investment management firm added 48,266 additional shares and now holds a total of 8,722,317 shares of Walt Disney Co which is valued at $806,727,099. Walt Disney Co makes up approx 1.49% of Fisher Asset Management’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in DIS in the latest quarter, The investment management firm added 22,073 additional shares and now holds a total of 340,855 shares of Walt Disney Co which is valued at $31,525,679. Walt Disney Co makes up approx 0.68% of Oregon Public Employees Retirement Fund’s portfolio.Stillwater Capital Advisors reduced its stake in DIS by selling 106 shares or 4.52% in the most recent quarter. The Hedge Fund company now holds 2,241 shares of DIS which is valued at $207,270. Walt Disney Co makes up approx 0.06% of Stillwater Capital Advisors’s portfolio.Independent Portfolio Consultants reduced its stake in DIS by selling 160 shares or 13.41% in the most recent quarter. The Hedge Fund company now holds 1,033 shares of DIS which is valued at $95,501. Walt Disney Co makes up approx 0.03% of Independent Portfolio Consultants’s portfolio.

Walt Disney Co closed down -0.63 points or -0.68% at $91.86 with 66,51,134 shares getting traded on Tuesday. Post opening the session at $92.33, the shares hit an intraday low of $91.57 and an intraday high of $92.38 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 Downgraded by Drexel Hamilton to ” Hold” on Sep 26, 2016. 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 .

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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