Greenwood Capital Associates Lowers stake in Walt Disney Co (DIS)

Walt Disney Co (DIS) : Greenwood Capital Associates reduced its stake in Walt Disney Co by 1.03% during the most recent quarter end. The investment management company now holds a total of 73,929 shares of Walt Disney Co which is valued at $7,159,284 after selling 773 shares in Walt Disney Co , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Walt Disney Co makes up approximately 2.12% of Greenwood Capital Associates’s portfolio.

Other Hedge Funds, Including , Bristlecone Advisors boosted its stake in DIS in the latest quarter, The investment management firm added 5,590 additional shares and now holds a total of 27,484 shares of Walt Disney Co which is valued at $2,661,551. Walt Disney Co makes up approx 1.01% of Bristlecone Advisors’s portfolio.Bokf Na reduced its stake in DIS by selling 7,382 shares or 5.17% in the most recent quarter. The Hedge Fund company now holds 135,523 shares of DIS which is valued at $13,124,047. Walt Disney Co makes up approx 0.45% of Bokf Na’s portfolio.Focused Wealth Management Inc reduced its stake in DIS by selling 94 shares or 1.77% in the most recent quarter. The Hedge Fund company now holds 5,217 shares of DIS which is valued at $505,214. Walt Disney Co makes up approx 0.22% of Focused Wealth Management Inc’s portfolio.Halbert Hargroverussell boosted its stake in DIS in the latest quarter, The investment management firm added 461 additional shares and now holds a total of 4,360 shares of Walt Disney Co which is valued at $426,277. Walt Disney Co makes up approx 0.12% of Halbert Hargroverussell’s portfolio.State Treasurer State Of Michigan boosted its stake in DIS in the latest quarter, The investment management firm added 103,200 additional shares and now holds a total of 811,725 shares of Walt Disney Co which is valued at $77,998,655. Walt Disney Co makes up approx 0.59% of State Treasurer State Of Michigan’s portfolio.

Walt Disney Co closed down -0.2 points or -0.21% at $94.26 with 62,74,204 shares getting traded on Thursday. Post opening the session at $94.73, the shares hit an intraday low of $93.91 and an intraday high of $94.87 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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