Legacy Private Trust Lowers stake in Walt Disney Co (DIS)

Walt Disney Co (DIS) : Legacy Private Trust reduced its stake in Walt Disney Co by 32.76% during the most recent quarter end. The investment management company now holds a total of 31,853 shares of Walt Disney Co which is valued at $2,926,017 after selling 15,519 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 0.40% of Legacy Private Trust’s portfolio.

Other Hedge Funds, Including , Osborn Rohs Williams Donohoe Ltd reduced its stake in DIS by selling 4,623 shares or 5.21% in the most recent quarter. The Hedge Fund company now holds 84,046 shares of DIS which is valued at $7,720,466. Walt Disney Co makes up approx 1.51% of Osborn Rohs Williams Donohoe Ltd’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.First Financial Bank N.a. – Trust Division boosted its stake in DIS in the latest quarter, The investment management firm added 1,308 additional shares and now holds a total of 57,598 shares of Walt Disney Co which is valued at $5,327,239. Walt Disney Co makes up approx 0.99% of First Financial Bank N.a. – Trust Division’s portfolio. Sadoff Investment Management sold out all of its stake in DIS during the most recent quarter. The investment firm sold 2,780 shares of DIS which is valued $257,122.

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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