Duff Phelps Investment Management Co Lowers stake in Walt Disney Co (DIS)

Walt Disney Co (DIS) : Duff Phelps Investment Management Co reduced its stake in Walt Disney Co by 3.07% during the most recent quarter end. The investment management company now holds a total of 18,950 shares of Walt Disney Co which is valued at $1,730,135 after selling 600 shares in Walt Disney Co , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Walt Disney Co makes up approximately 0.03% of Duff Phelps Investment Management Co’s portfolio.

Other Hedge Funds, Including , Highland Capital Management reduced its stake in DIS by selling 1,993 shares or 2.69% in the most recent quarter. The Hedge Fund company now holds 72,122 shares of DIS which is valued at $6,571,757. Walt Disney Co makes up approx 0.56% of Highland Capital Management’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.Harbour Capital Advisors reduced its stake in DIS by selling 4,225 shares or 23.22% in the most recent quarter. The Hedge Fund company now holds 13,970 shares of DIS which is valued at $1,291,527. Walt Disney Co makes up approx 0.70% of Harbour Capital Advisors’s portfolio. Lau Associates added DIS to its portfolio by purchasing 11,475 company shares during the most recent quarter which is valued at $1,060,864. Walt Disney Co makes up approx 1.08% of Lau Associates’s portfolio.

Walt Disney Co opened for trading at $91.77 and hit $91.77 on the upside on Friday, eventually ending the session at $91.3, with a gain of 0.20% or 0.18 points. The heightened volatility saw the trading volume jump to 43,45,659 shares. Company has a market cap of $146,728 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 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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