Pinnacle Associates Ltd. Decreases Position in The Walt Disney Company (NYSE:DIS)

Lloyd Doyle
May 18, 2018

The hedge fund run by Prem Watsa held 75,000 shares of the basic industries company at the end of 2017Q4, valued at $3.37M, up from 61,000 at the end of the previous reported quarter. As a company has 278.80M shares outstanding and its current share price is $32.33, the market cap is $9.01B. Arrowstreet Capital Limited Partnership now owns 6,032,917 shares of the entertainment giant's stock valued at $648,599,000 after purchasing an additional 1,860,702 shares during the last quarter. Amazon.com, Inc. (NASDAQ:AMZN) has risen 76.78% since May 13, 2017 and is uptrending. RI boosted its position in shares of The Walt Disney by 14.5% in the 4th quarter.

Wellcome Trust Ltd increased its stake in Jd Com Inc (JD) by 0.54% based on its latest 2017Q4 regulatory filing with the SEC.

The Walt Disney Company (DIS) stock traded with negative move of -1.79% at $99.97 over Wednesday trading session. At the end of 2017Q4, the institutional investor held 3.16 million shares of the television services company, valued at $340.26 million, down from 3.20 million at the end of the previous reported quarter. $152.14 billion is the market cap of Walt Disney Co. Insiders own 0.38% of the company's stock. About 6.50M shares traded.

The Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 6th. The stock underperformed the S&P500 by 23.14%. Therefore 64% are positive. The firm has "Buy" rating given on Friday, March 23 by SunTrust. The firm earned "Outperform" rating on Wednesday, February 7 by BMO Capital Markets. Jefferies maintained it with "Hold" rating and $110.0 target in Monday, September 11 report. Atlantic Securities downgraded the stock to "Neutral" rating in Tuesday, January 26 report. The earnings growth rate for the next years is an important measure for investors planning to hold onto a stock for several years. The company was maintained on Tuesday, August 25 by Cowen & Co. (NASDAQ:JD) rating on Monday, May 7. The stock now has a consensus rating of "Hold" and a consensus price target of $118.56.


More notable recent The Walt Disney Company (NYSE:DIS) news were published by: Benzinga.com which released: "Wall Street Weighs In On Disney's Q2 Earnings" on May 09, 2018, also Seekingalpha.com with their article: "Parks, studio again carry Disney to earnings beat" published on May 08, 2018, Livetradingnews.com published: "The Walt Disney Company (NYSE:DIS) Heffx Technical Outlook" on May 09, 2018. It manages about $57.50 billion US Long portfolio. (NASDAQ:CAVM) by 2.24 million shares to 120,034 shares, valued at $10.06M in 2017Q4, according to the filing. He also holds an MBA from Penn State University He has two daughter and two children.

Investors sentiment increased to 0.9 in Q4 2017. That's change of 0.01, from 2017Q3's 0.89. It increased, as 58 investors sold DIS shares while 690 reduced holdings. 508 grew holdings while 162 funds acquired holdings. 896.07 million shares or 0.31% less from 898.84 million shares in 2017Q3 were reported. 33,264 are owned by Telos Mgmt. Suncoast Equity Mngmt holds 3.22% or 108,605 shares in its portfolio. Barclays Capital maintained The Walt Disney Company (NYSE:DIS) on Friday, October 13 with "Equal-Weight" rating. 15,127 were reported by Aviance Prtn Ltd Limited Liability Company. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Ls Investment Advsr Ltd Liability holds 200,745 shs. 26,035 were accumulated by Martingale Asset Mgmt Limited Partnership. On Wednesday, January 3 Rosenblatt upgraded the shares of DIS in report to "Buy" rating. Mackenzie Fincl Corp, a Ontario - Canada-based fund reported 11,824 shares. Valicenti Advisory Svcs holds 0.13% of its portfolio in The Walt Disney Company (NYSE:DIS) for 2,374 shares. The Walt Disney Company has a 52-week low of $96.20 and a 52-week high of $113.19. Oppenheimer & accumulated 194,925 shares. Basswood Management Lc invested in 0.64% or 146,883 shares.

Since February 26, 2018, it had 0 insider buys, and 1 insider sale for $194,780 activity. The ratio has increased, as 37 investment professionals increased and opened new holdings, while 13 decreased and sold positions in VITAL THERAPIES INC. BOLYY's SI was 800 shares in May as released by FINRA.

It upped its stake in Bank Of America Corp (NYSE:BAC) by 223,059 shares to 20.92M shares, valued at $617.70 million in 2017Q4, according to the filing. "Buy" rating has 9, "Sell" are 0, while 5 are "Hold". Amazon.com had 302 analyst reports since July 21, 2015 according to SRatingsIntel. Amer Invest Svcs Inc invested in 14,277 shares or 0.56% of the stock. Benchmark has "Buy" rating and $4800 target. Citigroup maintained Fidelity National Information Services, Inc. As per Wednesday, November 1, the company rating was maintained by JP Morgan. As per Tuesday, April 17, the company rating was upgraded by Pivotal Research. The firm earned "Buy" rating on Thursday, August 3 by Stephens. From a safety point of view, a company's size and market value do matter.

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