Btr Capital Management Inc increased its stake in Disney Co. (Walt) (NYSE:DIS) by 52.46% based on its latest 2016Q2 regulatory filing with the SEC. Btr Capital Management Inc bought 37,375 shares as the company’s stock declined 3.56% while stock markets rallied. The institutional investor held 108,622 shares of the television services company at the end of 2016Q2, valued at $10.79 million, up from 71,247 at the end of the previous reported quarter. Btr Capital Management Inc who had been investing in Disney Co. (Walt) for a number of months, seems to be bullish on the $151.12 billion market cap company. The stock is down 0.89% or $0.83 hitting $92.81, despite the positive news. About 988,520 shares traded hands. Walt Disney Co (NYSE:DIS) has risen 1.65% since February 8, 2016 and is uptrending. It has underperformed by 14.84% the S&P500.
Btr Capital Management Inc is a California-based institutional investor with more than $543.26 million AUM in March, 2014. Taken from Btr Capital Management latest Adv, the fund reported to have 10 full and part-time employees. Among which 7 performing investment advisory and research functions. The institutional investor had more than 300 clients.
The institutional sentiment decreased to 1.04 in Q2 2016. Its down 0.13, from 1.17 in 2016Q1. The ratio worsened, as 66 funds sold all DIS shares owned while 622 reduced positions. 111 funds bought stakes while 605 increased positions. They now own 909.47 million shares or 6.26% less from 970.21 million shares in 2016Q1.
Csu Producer Resources Inc. holds 8.03% of its portfolio in DIS for 13,000 shares. Alleghany Corp De owns 1.90 million shares or 7.13% of their US portfolio. Moreover, Hs Management Partners Llc has 6.3% invested in the company for 1.54 million shares. The Illinois-based State Farm Mutual Automobile Insurance Co has invested 6.22% in the stock. Cohen Klingenstein Llc, a New York-based fund reported 341,616 shares.
Out of 19 analysts covering Walt Disney (NYSE:DIS), 9 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 47% are positive. $136 is the highest target while $89 is the lowest. The $114.88 average target is 23.78% above today’s ($92.81) stock price. Walt Disney has been the topic of 31 analyst reports since October 20, 2015 according to StockzIntelligence Inc. Stifel Nicolaus downgraded the stock on July 20 to “Hold” rating. Morgan Stanley maintained it with “Equalweight” rating and $105 target price in a July 14 report. Citigroup maintained the shares of DIS in a report on August 11 with “Buy” rating. Credit Suisse maintained the firm’s rating on May 12. Credit Suisse has “Outperform” rating and $128 price target. Lastly, FBR Capital downgraded the stock to “Market Perform” rating in a July 26 report.
The Walt Disney Company is a diversified entertainment company. The company has a market cap of $151.12 billion. The Company’s business divisions include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. It has a 16.65 P/E ratio. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations.
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