Hartford Financial Management Decreased Its Walt Disney Co (DIS) Stake by $366,689; Stock Value Declined; Holder Engaged Capital Boosted Celestica (CLS) Stake

April 26, 2018 - By Pete Kolinski

The Walt Disney Company (NYSE:DIS) Logo

Glenn W. Welling increased its stake in Celestica Inc (CLS) by 407.84% based on its latest 2017Q4 regulatory filing with the SEC. Engaged Capital Llc bought 1.46 million shares as the company’s stock declined 1.71% with the market. The hedge fund run by Glenn W. Welling held 1.82 million shares of the technology company at the end of 2017Q4, valued at $19.07 million, up from 358,214 at the end of the previous reported quarter. Engaged Capital Llc who had been investing in Celestica Inc for a number of months, seems to be bullish on the $1.55B market cap company. The stock increased 1.41% or $0.15 during the last trading session, reaching $10.81. About 341,331 shares traded. Celestica Inc. (NYSE:CLS) has declined 26.94% since April 26, 2017 and is downtrending. It has underperformed by 38.49% the S&P500.

Hartford Financial Management Inc decreased its stake in Walt Disney Co (DIS) by 9.47% based on its latest 2017Q4 regulatory filing with the SEC. Hartford Financial Management Inc sold 3,427 shares as the company’s stock declined 8.57% with the market. The institutional investor held 32,766 shares of the television services company at the end of 2017Q4, valued at $3.52M, down from 36,193 at the end of the previous reported quarter. Hartford Financial Management Inc who had been investing in Walt Disney Co for a number of months, seems to be less bullish one the $150.14B market cap company. The stock decreased 1.29% or $1.3025 during the last trading session, reaching $99.8475. About 4.10M shares traded. The Walt Disney Company (NYSE:DIS) has declined 11.59% since April 26, 2017 and is downtrending. It has underperformed by 23.14% the S&P500.

Among 12 analysts covering Celestica (NYSE:CLS), 3 have Buy rating, 0 Sell and 9 Hold. Therefore 25% are positive. Celestica had 36 analyst reports since October 21, 2015 according to SRatingsIntel. On Friday, November 18 the stock rating was downgraded by Standpoint Research to “Hold”. The rating was maintained by Stifel Nicolaus on Friday, January 27 with “Hold”. TD Securities maintained it with “Hold” rating and $13.5 target in Thursday, October 19 report. The stock has “Hold” rating by RBC Capital Markets on Wednesday, January 24. RBC Capital Markets maintained the stock with “Hold” rating in Monday, May 29 report. The rating was maintained by Scotia Capital on Thursday, January 25 with “Hold”. The firm has “Neutral” rating by Macquarie Research given on Friday, July 29. The stock of Celestica Inc. (NYSE:CLS) earned “Buy” rating by Canaccord Genuity on Thursday, January 25. On Monday, January 18 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock of Celestica Inc. (NYSE:CLS) has “Buy” rating given on Thursday, August 17 by Standpoint Research.

Investors sentiment increased to 0.9 in Q4 2017. Its up 0.01, from 0.89 in 2017Q3. It improved, as 58 investors sold DIS shares while 690 reduced holdings. 162 funds opened positions while 508 raised stakes. 896.07 million shares or 0.31% less from 898.84 million shares in 2017Q3 were reported. Ipswich Investment Mgmt Com stated it has 7,965 shares or 0.36% of all its holdings. Wade G W owns 20,045 shares. Ycg Ltd Co reported 48,199 shares stake. Checchi Cap Advisers Ltd Llc reported 14,095 shares. Employees Retirement Association Of Colorado reported 296,405 shares stake. Moreover, Korea Inv has 0.64% invested in The Walt Disney Company (NYSE:DIS) for 1.31M shares. Asset Mngmt owns 31,252 shares. Eagle Glob Advsrs Lc holds 0.18% or 54,867 shares. Tocqueville Asset Mgmt Limited Partnership reported 758,451 shares. Partnervest Advisory Ser Lc owns 3,519 shares. Wellington Mngmt Grp Limited Liability Partnership holds 6.01M shares or 0.14% of its portfolio. Mitsubishi Ufj Tru Banking holds 3.16M shares. Ingalls And Snyder Ltd Co has invested 0.29% in The Walt Disney Company (NYSE:DIS). First Trust Advsrs Ltd Partnership owns 331,069 shares. Adell Harriman And Carpenter Inc holds 0.92% or 40,468 shares in its portfolio.

Analysts await The Walt Disney Company (NYSE:DIS) to report earnings on May, 8 after the close. They expect $1.68 earnings per share, up 12.00% or $0.18 from last year’s $1.5 per share. DIS’s profit will be $2.53B for 14.86 P/E if the $1.68 EPS becomes a reality. After $1.89 actual earnings per share reported by The Walt Disney Company for the previous quarter, Wall Street now forecasts -11.11% negative EPS growth.

Among 39 analysts covering The Walt Disney Company (NYSE:DIS), 24 have Buy rating, 1 Sell and 14 Hold. Therefore 62% are positive. The Walt Disney Company had 155 analyst reports since July 24, 2015 according to SRatingsIntel. Needham maintained The Walt Disney Company (NYSE:DIS) on Wednesday, April 26 with “Hold” rating. The company was upgraded on Monday, October 9 by RBC Capital Markets. The stock of The Walt Disney Company (NYSE:DIS) has “Buy” rating given on Thursday, August 6 by Vetr. The firm has “Mkt Perform” rating given on Friday, April 7 by FBR Capital. The firm has “Sell” rating by BMO Capital Markets given on Monday, October 16. BMO Capital Markets maintained the stock with “Sell” rating in Thursday, July 13 report. The firm has “Buy” rating given on Wednesday, February 7 by GBH Insights. The firm earned “Hold” rating on Wednesday, August 9 by Rosenblatt. The company was maintained on Wednesday, August 16 by Loop Capital. The stock of The Walt Disney Company (NYSE:DIS) has “Buy” rating given on Friday, August 28 by FBR Capital.

Hartford Financial Management Inc, which manages about $809.38 million and $203.77 million US Long portfolio, upped its stake in T Rowe Price Global Technology Fund (PRGTX) by 92,133 shares to 663,842 shares, valued at $11.17M in 2017Q4, according to the filing.

Since February 26, 2018, it had 0 insider buys, and 1 sale for $194,780 activity.

The Walt Disney Company (NYSE:DIS) Institutional Positions Chart

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