The fund owned 2,441,338 shares of the entertainment giant's stock after selling 258,412 shares during the period.
Net income attributable to the company fell to $2.37 billion, or $1.51 per share, from $2.6 billion, or $1.59 per share.
Other large investors have also modified their holdings of the company. Finally, Signature Financial Management Inc. increased its position in shares of Walt Disney Company (The) by 0.7% in the first quarter.
Last year, Disney said it was taking a 33 percent stake in BAMTech for $1 billion.
The new platform will premiere in time for Toy Story 4, the sequel to Frozen and a live-action remake of The Lion King, the company said in a statement. "This acquisition and the launch of our direct-to-consumer services mark an entirely new growth strategy for the Company, one that takes advantage of the incredible opportunity that changing technology provides us to leverage the strength of our great brands". Frontier Wealth Management LLC boosted its position in Walt Disney Company (The) by 55.7% in the fourth quarter. The California-based Tukman Grossman Capital Management Inc has invested 8.39% in the stock. The New York-based Fic has invested 0.89% in Walt Disney Co (NYSE:DIS). The stock rose 0.12% or $0.13 reaching $106.48. The company has market cap of $166.42 billion. The lowest target is $10.55 while the high is $138. Investors bought 26,917 put options on the stock.
Disney made the announcements Tuesday while reporting quarterly earnings. The entertainment giant reported $1.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.45 by $0.05.
05/11/2017 - Walt Disney Company (The) had its "hold" rating reiterated by analysts at Loop Capital.
Revenue and income are up at Disney's park's worldwide for the last few months, according to the third quarter earnings report out Tuesday. The institutional investor held 206,383 shares of the television services company at the end of 2016Q4, valued at $21.51M, down from 251,379 at the end of the previous reported quarter.
Walt Disney Company (The) had its "outperform" rating reiterated by analysts at Credit Suisse. As per Friday, August 28, the company rating was maintained by FBR Capital. 161.03 million shares or 0.70% more from 159.91 million shares in 2016Q3 were reported. Walt Disney Company (The)'s dividend payout ratio is presently 27.18%. RBC Capital Markets maintained Tiffany & Co. "CA Boosts Position in Walt Disney Company (The) (DIS)" was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another website, it was illegally copied and reposted in violation of U.S. & global trademark and copyright laws. Wall Street is only getting more bullish on the stock, with 17 of analysts who cover DIS having a buy-equivalent rating.
DIS has been the subject of several research reports. The company was maintained on Tuesday, September 1 by Macquarie Research. As per Thursday, April 20, the company rating was maintained by Morgan Stanley. The rating was maintained by Deutsche Bank with "Hold" on Thursday, February 18.
The Walt Disney Company has a consensus outperform rating from 31 Wall Street analysts, and the number of shares now sold short amount to at least 0.96% of shares outstanding. The firm has "Hold" rating by Jefferies given on Wednesday, August 5. Drexel Hamilton has "Buy" rating and $117.0 target. Also, Director Susan E. Arnold sold 12,143 shares of the stock in a transaction dated Thursday, May 11th. About 8,946 shares traded. Following the sale, the director now owns 48,673 shares of the company's stock, valued at approximately $5,306,330.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.