Summit Securities Group Decreased Wells Fargo Co New (Call) (WFC) Position by $959,436; As Disney Walt Co (DIS) Market Value Declined, Pictet Bank & Trust LTD Has Cut Its Holding

January 14, 2018 - By Michael Collier

Pictet Bank & Trust Ltd decreased its stake in Disney Walt Co (DIS) by 5.61% based on its latest 2017Q3 regulatory filing with the SEC. Pictet Bank & Trust Ltd sold 4,108 shares as the company’s stock declined 2.31% while stock markets rallied. The institutional investor held 69,055 shares of the television services company at the end of 2017Q3, valued at $6.81 million, down from 73,163 at the end of the previous reported quarter. Pictet Bank & Trust Ltd who had been investing in Disney Walt Co for a number of months, seems to be less bullish one the $169.52 billion market cap company. The stock increased 1.33% or $1.48 during the last trading session, reaching $112.47. About 5.90 million shares traded. The Walt Disney Company (NYSE:DIS) has risen 9.26% since January 14, 2017 and is uptrending. It has underperformed by 7.44% the S&P500.

Summit Securities Group Llc decreased its stake in Wells Fargo Co New (Call) (WFC) by 56.49% based on its latest 2017Q3 regulatory filing with the SEC. Summit Securities Group Llc sold 174 shares as the company’s stock declined 8.66% while stock markets rallied. The institutional investor held 134 shares of the major banks company at the end of 2017Q3, valued at $739,000, down from 308 at the end of the previous reported quarter. Summit Securities Group Llc who had been investing in Wells Fargo Co New (Call) for a number of months, seems to be less bullish one the $308.01B market cap company. The stock decreased 0.73% or $0.46 during the last trading session, reaching $62.55. About 25.89 million shares traded or 37.66% up from the average. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since January 14, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

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 stock has “Neutral” rating by Macquarie Research on Wednesday, May 17. J.P. Morgan maintained it with “Buy” rating and $125.0 target in Friday, September 8 report. Piper Jaffray maintained The Walt Disney Company (NYSE:DIS) on Wednesday, November 22 with “Buy” rating. The company was maintained on Friday, June 23 by Bank of America. Credit Suisse maintained the shares of DIS in report on Wednesday, August 9 with “Buy” rating. Stifel Nicolaus maintained The Walt Disney Company (NYSE:DIS) on Tuesday, January 19 with “Buy” rating. The firm earned “Outperform” rating on Wednesday, September 2 by Credit Agricole. The rating was maintained by Jefferies on Monday, September 11 with “Hold”. The firm has “Buy” rating given on Monday, February 8 by Topeka Capital Markets. RBC Capital Markets maintained The Walt Disney Company (NYSE:DIS) rating on Friday, November 10. RBC Capital Markets has “Buy” rating and $125.0 target.

Analysts await The Walt Disney Company (NYSE:DIS) to report earnings on February, 6. They expect $1.59 earnings per share, up 2.58% or $0.04 from last year’s $1.55 per share. DIS’s profit will be $2.40 billion for 17.68 P/E if the $1.59 EPS becomes a reality. After $1.07 actual earnings per share reported by The Walt Disney Company for the previous quarter, Wall Street now forecasts 48.60% EPS growth.

Pictet Bank & Trust Ltd, which manages about $334.56 million US Long portfolio, upped its stake in Thermo Fisher Scientific Inc (NYSE:TMO) by 6,690 shares to 47,096 shares, valued at $8.91M in 2017Q3, according to the filing. It also increased its holding in Goldman Sachs Group Inc (NYSE:GS) by 16,820 shares in the quarter, for a total of 23,530 shares, and has risen its stake in Wells Fargo Co New (NYSE:WFC).

Investors sentiment decreased to 0.89 in Q3 2017. Its down 0.20, from 1.09 in 2017Q2. It worsened, 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. Markston Lc reported 84,049 shares. Boys Arnold & accumulated 60,541 shares. Rice Hall James Assoc Ltd Llc has 0.05% invested in The Walt Disney Company (NYSE:DIS) for 10,487 shares. Institute For Wealth Lc has invested 0.65% in The Walt Disney Company (NYSE:DIS). Raab Moskowitz Asset Management Llc has 1.1% invested in The Walt Disney Company (NYSE:DIS). Cobblestone Advsrs Ltd Liability Co New York invested 0.93% in The Walt Disney Company (NYSE:DIS). Orca Mgmt Ltd Company reported 0.62% of its portfolio in The Walt Disney Company (NYSE:DIS). Moreover, Amer Svcs has 0.54% invested in The Walt Disney Company (NYSE:DIS) for 14,277 shares. Pathstone Family Office Limited Liability reported 6,874 shares. Grantham Mayo Van Otterloo And Ltd Limited Liability Company owns 0.06% invested in The Walt Disney Company (NYSE:DIS) for 105,673 shares. Fund holds 0.14% of its portfolio in The Walt Disney Company (NYSE:DIS) for 199,004 shares. Gilman Hill Asset Limited Liability invested in 0.2% or 4,922 shares. Td Capital Mgmt Ltd accumulated 0.01% or 200 shares. Martingale Asset Management Limited Partnership invested 0.06% in The Walt Disney Company (NYSE:DIS). Zeke Capital Advsr Ltd Co owns 43,318 shares.

Among 36 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 5 Sell and 14 Hold. Therefore 47% are positive. Wells Fargo & Company had 115 analyst reports since July 29, 2015 according to SRatingsIntel. BMO Capital Markets maintained it with “Sell” rating and $5000 target in Wednesday, May 31 report. Berenberg downgraded the shares of WFC in report on Friday, July 21 to “Sell” rating. Robert W. Baird maintained the shares of WFC in report on Tuesday, September 5 with “Buy” rating. The stock has “Buy” rating by Keefe Bruyette & Woods on Thursday, June 22. UBS initiated the stock with “Sell” rating in Thursday, March 24 report. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Friday, August 25 report. On Monday, November 13 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by Robert W. Baird with “Buy” on Friday, November 10. The company was downgraded on Monday, October 17 by Keefe Bruyette & Woods. The firm earned “Strong-Buy” rating on Friday, April 28 by Vining Sparks.

Summit Securities Group Llc, which manages about $586.75M US Long portfolio, upped its stake in Ishares Tr (DVY) by 13,770 shares to 13,800 shares, valued at $1.29 million in 2017Q3, according to the filing. It also increased its holding in Morgan Stanley (NYSE:MS) by 6,333 shares in the quarter, for a total of 6,400 shares, and has risen its stake in Bank Amer Corp (NYSE:BAC).

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