Sippican Capital Advisors Lowers stake in Walt Disney Co (DIS)

Walt Disney Co (DIS) : Sippican Capital Advisors reduced its stake in Walt Disney Co by 2.58% during the most recent quarter end. The investment management company now holds a total of 8,726 shares of Walt Disney Co which is valued at $840,576 after selling 231 shares in Walt Disney Co , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Walt Disney Co makes up approximately 0.96% of Sippican Capital Advisors’s portfolio.

Other Hedge Funds, Including , Rs Investment Management Co reduced its stake in DIS by selling 15,120 shares or 28.49% in the most recent quarter. The Hedge Fund company now holds 37,960 shares of DIS which is valued at $3,656,687. Walt Disney Co makes up approx 0.04% of Rs Investment Management Co’s portfolio.Mutual Of Omaha Bank Wealth Management boosted its stake in DIS in the latest quarter, The investment management firm added 7,095 additional shares and now holds a total of 180,043 shares of Walt Disney Co which is valued at $17,982,695. Walt Disney Co makes up approx 5.85% of Mutual Of Omaha Bank Wealth Management’s portfolio.Triangle Securities Wealth Management reduced its stake in DIS by selling 3,410 shares or 10.83% in the most recent quarter. The Hedge Fund company now holds 28,089 shares of DIS which is valued at $2,798,226. Walt Disney Co makes up approx 2.06% of Triangle Securities Wealth Management’s portfolio.Boltwood Capital Management boosted its stake in DIS in the latest quarter, The investment management firm added 55 additional shares and now holds a total of 23,322 shares of Walt Disney Co which is valued at $2,277,627. Walt Disney Co makes up approx 1.90% of Boltwood Capital Management’s portfolio.

Walt Disney Co opened for trading at $95.85 and hit $96.38 on the upside on Friday, eventually ending the session at $95.95, with a gain of 0.04% or 0.04 points. The heightened volatility saw the trading volume jump to 82,63,966 shares. Company has a market cap of $155,673 M.

On the company’s financial health, Walt Disney Co reported $1.36 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on May 10, 2016. Analyst had a consensus of $1.40. The company had revenue of $12969.00 million for the quarter, compared to analysts expectations of $13198.99 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 EPS.

Many Wall Street Analysts have commented on Walt Disney Co. 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 .Walt Disney Co was Downgraded by Stifel to ” Hold” on Jul 20, 2016. Shares were Reiterated by Topeka Capital Markets on May 11, 2016 to “Buy” and Lowered the Price Target to $ 129 from a previous price target of $130 .

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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