Comcast New (CMCSA) Stake Held by Salzman & Company; Renaissance Investment Group Has Cut Its Stake in Disney (Walt) Co Com Stk (DIS) by $908,109 as Market Value Declined

April 17, 2018 - By Moses P. Lee

The Walt Disney Company (NYSE:DIS) Logo

Renaissance Investment Group Llc decreased its stake in Disney (Walt) Co Com Stk (DIS) by 16.42% based on its latest 2017Q4 regulatory filing with the SEC. Renaissance Investment Group Llc sold 8,487 shares as the company’s stock declined 8.57% with the market. The institutional investor held 43,212 shares of the television services company at the end of 2017Q4, valued at $4.65M, down from 51,699 at the end of the previous reported quarter. Renaissance Investment Group Llc who had been investing in Disney (Walt) Co Com Stk for a number of months, seems to be less bullish one the $150.73B market cap company. The stock decreased 0.11% or $0.11 during the last trading session, reaching $100.24. About 10.33 million shares traded or 24.60% up from the average. The Walt Disney Company (NYSE:DIS) has declined 11.59% since April 17, 2017 and is downtrending. It has underperformed by 23.14% the S&P500.

Salzman & Company increased its stake in Comcast Corp New (CMCSA) by 132.52% based on its latest 2017Q4 regulatory filing with the SEC. Salzman & Company bought 168,035 shares as the company’s stock declined 19.10% with the market. The hedge fund held 294,835 shares of the television services company at the end of 2017Q4, valued at $11.81M, up from 126,800 at the end of the previous reported quarter. Salzman & Company who had been investing in Comcast Corp New for a number of months, seems to be bullish on the $155.73 billion market cap company. The stock increased 1.54% or $0.51 during the last trading session, reaching $33.53. About 13.80 million shares traded. Comcast Corporation (NASDAQ:CMCSA) has declined 11.10% since April 17, 2017 and is downtrending. It has underperformed by 22.65% the S&P500.

Investors sentiment decreased to 0.93 in 2017 Q4. Its down 0.10, from 1.03 in 2017Q3. It dived, as 75 investors sold CMCSA shares while 544 reduced holdings. 122 funds opened positions while 455 raised stakes. 3.66 billion shares or 0.28% more from 3.65 billion shares in 2017Q3 were reported. Armstrong Shaw Incorporated Ct invested 3.65% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Sky Investment Group Inc Lc holds 37,132 shares. Maplelane Ltd owns 100,000 shares or 0.09% of their US portfolio. 97,175 were accumulated by Timber Creek Capital Mgmt Ltd Liability Com. First Merchants Corporation, a Indiana-based fund reported 41,097 shares. Wells Fargo Mn owns 35.22M shares or 0.41% of their US portfolio. Van Hulzen Asset Mgmt Ltd Company reported 1.19% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Origin Asset Management Llp invested in 0.68% or 294,971 shares. Ajo LP reported 161,268 shares or 0.03% of all its holdings. Buckhead Cap Ltd Liability Com owns 153,583 shares or 1.31% of their US portfolio. Letko Brosseau & Associates Incorporated holds 3.05M shares or 1.07% of its portfolio. Wellington Shields Co Ltd Liability Co stated it has 0.31% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Bessemer Group Inc Incorporated holds 0.97% or 6.22M shares. Ifc Holdg Fl holds 39,065 shares or 0.11% of its portfolio. Aurora Counsel holds 69,807 shares.

Among 32 analysts covering Comcast Corporation (NASDAQ:CMCSA), 23 have Buy rating, 1 Sell and 8 Hold. Therefore 72% are positive. Comcast Corporation had 82 analyst reports since July 27, 2015 according to SRatingsIntel. Citigroup downgraded the shares of CMCSA in report on Wednesday, July 26 to “Sell” rating. The rating was maintained by Guggenheim on Tuesday, December 19 with “Buy”. The stock has “Buy” rating by Moffett Nathanson on Wednesday, August 19. Piper Jaffray maintained the shares of CMCSA in report on Tuesday, May 30 with “Buy” rating. RBC Capital Markets maintained Comcast Corporation (NASDAQ:CMCSA) rating on Friday, July 7. RBC Capital Markets has “Buy” rating and $4500 target. As per Friday, August 19, the company rating was maintained by Telsey Advisory Group. The firm has “Buy” rating given on Monday, October 23 by Wells Fargo. The rating was maintained by Robert W. Baird with “Buy” on Friday, November 17. The rating was maintained by Pivotal Research with “Buy” on Thursday, January 26. The rating was maintained by Pivotal Research on Thursday, July 27 with “Buy”.

Since December 14, 2017, it had 0 buys, and 10 insider sales for $62.55 million activity. The insider ROBERTS BRIAN L sold $25.24 million. 16,025 shares were sold by BLOCK ARTHUR R, worth $540,052 on Monday, March 26. BURKE STEPHEN B also sold $8.11M worth of Comcast Corporation (NASDAQ:CMCSA) shares. The insider Murdock Daniel C. sold 1,891 shares worth $67,320.

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 $2.53 billion for 14.92 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.

Investors sentiment increased to 0.9 in Q4 2017. Its up 0.01, from 0.89 in 2017Q3. It is positive, 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. Amg Natl Tru National Bank has invested 0.1% of its portfolio in The Walt Disney Company (NYSE:DIS). Moreover, Commerzbank Aktiengesellschaft Fi has 0.49% invested in The Walt Disney Company (NYSE:DIS) for 370,011 shares. Cohen Lawrence B holds 5,750 shares or 0.39% of its portfolio. British Columbia Invest Mgmt Corporation invested 0.76% of its portfolio in The Walt Disney Company (NYSE:DIS). Tanaka Capital Inc holds 0.07% or 285 shares. 19,260 are owned by Timber Hill Ltd Liability. Koch Industrial stated it has 0.03% in The Walt Disney Company (NYSE:DIS). Neuberger Berman Group Limited Liability Corp holds 0.19% or 1.54M shares in its portfolio. Orrstown Fin Svcs Inc stated it has 1.15% of its portfolio in The Walt Disney Company (NYSE:DIS). Spf Beheer Bv reported 602,652 shares. Moreover, Fuller And Thaler Asset Mngmt Incorporated has 0.02% invested in The Walt Disney Company (NYSE:DIS) for 16,300 shares. Boyar Asset invested in 34,602 shares or 2.65% of the stock. Shufro Rose Communications Limited Liability Company holds 11,370 shares. Bainco International has 87,818 shares. Vantage Ptnrs Lc holds 3.49% or 35,700 shares in its portfolio.

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

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

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By1 Moses P. Lee

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