Walt Disney Co (DIS) : Blackrock Japan Ltd reduced its stake in Walt Disney Co by 3.62% during the most recent quarter end. The investment management company now holds a total of 1,993,342 shares of Walt Disney Co which is valued at $193,035,239 after selling 74,862 shares in Walt Disney Co , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Walt Disney Co makes up approximately 0.67% of Blackrock Japan Ltd’s portfolio.
Other Hedge Funds, Including , Comerica Securities Inc sold out all of its stake in DIS during the most recent quarter. The investment firm sold 2,121 shares of DIS which is valued $205,398.Neuberger Berman Group reduced its stake in DIS by selling 405,066 shares or 17.33% in the most recent quarter. The Hedge Fund company now holds 1,932,770 shares of DIS which is valued at $185,217,349. Walt Disney Co makes up approx 0.25% of Neuberger Berman Group’s portfolio.Morningstar Investment Services reduced its stake in DIS by selling 9,680 shares or 31.74% in the most recent quarter. The Hedge Fund company now holds 20,813 shares of DIS which is valued at $1,994,510. Walt Disney Co makes up approx 0.06% of Morningstar Investment Services’s portfolio.First Dallas Securities boosted its stake in DIS in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 6,910 shares of Walt Disney Co which is valued at $665,640. Walt Disney Co makes up approx 0.49% of First Dallas Securities’s portfolio.Nordea Investment Management Ab boosted its stake in DIS in the latest quarter, The investment management firm added 1,749,646 additional shares and now holds a total of 2,156,556 shares of Walt Disney Co which is valued at $211,816,930. Walt Disney Co makes up approx 0.60% of Nordea Investment Management Ab’s portfolio.
Walt Disney Co closed down -0.26 points or -0.27% at $96.39 with 63,62,404 shares getting traded on Friday. Post opening the session at $96.4, the shares hit an intraday low of $96.05 and an intraday high of $96.79 and the price fluctuated in this range throughout the day.Shares ended Friday 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.