Iat Reinsurance Company LTD Trimmed Its Disney Walt Co (DIS) Stake as Shares Declined; As Duke Realty (DRE) Market Value Rose, State Treasurer State Of Michigan Decreased Its Position by $1.08 Million

January 23, 2018 - By Linda Rogers

Iat Reinsurance Company Ltd decreased its stake in Disney Walt Co (DIS) by 47.44% based on its latest 2017Q3 regulatory filing with the SEC. Iat Reinsurance Company Ltd sold 16,700 shares as the company’s stock declined 2.31% while stock markets rallied. The institutional investor held 18,500 shares of the television services company at the end of 2017Q3, valued at $1.82M, down from 35,200 at the end of the previous reported quarter. Iat Reinsurance Company Ltd who had been investing in Disney Walt Co for a number of months, seems to be less bullish one the $167.46B market cap company. The stock increased 0.46% or $0.51 during the last trading session, reaching $111.1. About 8.07 million shares traded. The Walt Disney Company (NYSE:DIS) has risen 9.26% since January 23, 2017 and is uptrending. It has underperformed by 7.44% the S&P500.

State Treasurer State Of Michigan decreased its stake in Duke Realty Corp (DRE) by 26.4% based on its latest 2017Q3 regulatory filing with the SEC. State Treasurer State Of Michigan sold 38,700 shares as the company’s stock rose 13.33% with the market. The institutional investor held 107,900 shares of the real estate investment trusts company at the end of 2017Q3, valued at $3.11M, down from 146,600 at the end of the previous reported quarter. State Treasurer State Of Michigan who had been investing in Duke Realty Corp for a number of months, seems to be less bullish one the $9.34B market cap company. The stock increased 1.33% or $0.34 during the last trading session, reaching $25.98. About 2.72 million shares traded or 28.05% up from the average. Duke Realty Corporation (NYSE:DRE) has risen 24.81% since January 23, 2017 and is uptrending. It has outperformed by 8.11% the S&P500.

Investors sentiment decreased to 0.89 in Q3 2017. Its down 0.20, from 1.09 in 2017Q2. It dropped, as 90 investors sold DIS shares while 649 reduced holdings. 95 funds opened positions while 563 raised stakes. 898.84 million shares or 2.35% less from 920.44 million shares in 2017Q2 were reported. Peddock Capital Advsr Ltd Limited Liability Company, Massachusetts-based fund reported 6,702 shares. Whalerock Point Prns Ltd Liability stated it has 14,839 shares or 0.52% of all its holdings. Brave Asset Mngmt Inc holds 1.11% or 21,399 shares in its portfolio. Ls Ltd Llc accumulated 208,214 shares. Symphony Asset Management Limited Liability Company stated it has 0.06% of its portfolio in The Walt Disney Company (NYSE:DIS). Cannell Peter B And invested in 324,852 shares. Kentucky Retirement stated it has 89,323 shares. Iberiabank reported 39,355 shares. Illinois-based Vaughan David Invests Inc Il has invested 0% in The Walt Disney Company (NYSE:DIS). Norinchukin Savings Bank The has 453,559 shares. Eastern Fincl Bank accumulated 0.96% or 138,039 shares. Hallmark Cap Mgmt Inc holds 0.11% or 9,124 shares in its portfolio. Plante Moran Fin Advsrs Lc reported 0.44% in The Walt Disney Company (NYSE:DIS). Peregrine Asset Advisers Inc owns 2,693 shares. First Bancshares Sioux Falls has 2,500 shares for 0.86% of their portfolio.

Among 38 analysts covering The Walt Disney Company (NYSE:DIS), 22 have Buy rating, 3 Sell and 13 Hold. Therefore 58% are positive. The Walt Disney Company had 145 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating by Goldman Sachs given on Tuesday, January 17. The company was downgraded on Tuesday, January 5 by Macquarie Research. The stock of The Walt Disney Company (NYSE:DIS) has “Neutral” rating given on Tuesday, December 15 by Goldman Sachs. The firm has “Hold” rating by Stifel Nicolaus given on Wednesday, July 20. On Friday, August 11 the stock rating was maintained by Barclays Capital with “Equal-Weight”. BMO Capital Markets maintained it with “Sell” rating and $90.0 target in Wednesday, November 22 report. The stock of The Walt Disney Company (NYSE:DIS) has “Market Perform” rating given on Tuesday, August 18 by Wells Fargo. On Thursday, May 11 the stock rating was maintained by Wells Fargo with “Market Perform”. The stock of The Walt Disney Company (NYSE:DIS) has “Outperform” rating given on Tuesday, August 11 by Credit Suisse. Goldman Sachs maintained the stock with “Buy” rating in Thursday, May 11 report.

Iat Reinsurance Company Ltd, which manages about $648.11M US Long portfolio, upped its stake in Validus Holdings Ltd by 40,000 shares to 120,000 shares, valued at $3.02M in 2017Q3, according to the filing. It also increased its holding in Washington Prime Group New by 15,000 shares in the quarter, for a total of 35,000 shares, and has risen its stake in Callable.

Analysts await The Walt Disney Company (NYSE:DIS) to report earnings on February, 6. They expect $1.59 EPS, up 2.58% or $0.04 from last year’s $1.55 per share. DIS’s profit will be $2.40B for 17.47 P/E if the $1.59 EPS becomes a reality. After $1.07 actual EPS reported by The Walt Disney Company for the previous quarter, Wall Street now forecasts 48.60% EPS growth.

State Treasurer State Of Michigan, which manages about $12.35B US Long portfolio, upped its stake in Delphi Automotive Plc (NYSE:DLPH) by 189,600 shares to 277,622 shares, valued at $27.32 million in 2017Q3, according to the filing. It also increased its holding in Wyndham Worldwide Corp (NYSE:WYN) by 194,500 shares in the quarter, for a total of 228,837 shares, and has risen its stake in Ally Finl Inc (NYSE:ALLY).

Since August 2, 2017, it had 0 insider purchases, and 1 sale for $866,100 activity.

Among 17 analysts covering Duke Realty (NYSE:DRE), 6 have Buy rating, 3 Sell and 8 Hold. Therefore 35% are positive. Duke Realty has $32.0 highest and $21 lowest target. $29.04’s average target is 11.78% above currents $25.98 stock price. Duke Realty had 42 analyst reports since August 3, 2015 according to SRatingsIntel. On Tuesday, September 26 the stock rating was downgraded by JP Morgan to “Neutral”. As per Wednesday, June 7, the company rating was maintained by RBC Capital Markets. On Monday, October 23 the stock rating was maintained by Mizuho with “Buy”. The stock has “Neutral” rating by UBS on Friday, January 27. The stock of Duke Realty Corporation (NYSE:DRE) earned “Buy” rating by Stifel Nicolaus on Friday, July 14. As per Monday, November 9, the company rating was downgraded by Miller Tabak. The firm earned “Buy” rating on Thursday, December 14 by Citigroup. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, January 27. The stock of Duke Realty Corporation (NYSE:DRE) has “Neutral” rating given on Thursday, August 25 by BTIG Research. The firm earned “Buy” rating on Wednesday, August 19 by UBS.

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