Karpas Strategies Lowers stake in Walt Disney Co (DIS)

Walt Disney Co (DIS) : Karpas Strategies reduced its stake in Walt Disney Co by 0.32% during the most recent quarter end. The investment management company now holds a total of 36,125 shares of Walt Disney Co which is valued at $3,529,774 after selling 115 shares in Walt Disney Co , the firm said in a disclosure report filed with the SEC on Jul 22, 2016.Walt Disney Co makes up approximately 1.71% of Karpas Strategies’s portfolio.

Other Hedge Funds, Including , America First Investment Advisors reduced its stake in DIS by selling 115 shares or 92.0% in the most recent quarter. The Hedge Fund company now holds 10 shares of DIS which is valued at $977.Rockefeller Financial Services Inc boosted its stake in DIS in the latest quarter, The investment management firm added 18,594 additional shares and now holds a total of 47,050 shares of Walt Disney Co which is valued at $4,597,256. Walt Disney Co makes up approx 0.09% of Rockefeller Financial Services Inc’s portfolio.Premier Asset Managment reduced its stake in DIS by selling 1,435 shares or 1.25% in the most recent quarter. The Hedge Fund company now holds 113,592 shares of DIS which is valued at $11,157,006. Walt Disney Co makes up approx 2.73% of Premier Asset Managment’s portfolio.Trust Co Of Virginia Va boosted its stake in DIS in the latest quarter, The investment management firm added 2,986 additional shares and now holds a total of 103,044 shares of Walt Disney Co which is valued at $10,319,857. Walt Disney Co makes up approx 1.75% of Trust Co Of Virginia Va’s portfolio.Centurylink Investment Management Co reduced its stake in DIS by selling 5,756 shares or 38.22% in the most recent quarter. The Hedge Fund company now holds 9,305 shares of DIS which is valued at $926,964. Walt Disney Co makes up approx 0.32% of Centurylink Investment Management Co’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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