As Walt Disney (DIS) Market Value Declined, Hartford Investment Management Co Has Upped Holding; Franklin Resources Has Raised Its Stake in Insteel Industries (IIIN) by $1.71 Million as Stock Declined

January 17, 2018 - By Michael Collier

Hartford Investment Management Co increased its stake in Walt Disney (DIS) by 5.2% based on its latest 2017Q3 regulatory filing with the SEC. Hartford Investment Management Co bought 17,383 shares as the company’s stock declined 2.31% while stock markets rallied. The institutional investor held 351,383 shares of the television services company at the end of 2017Q3, valued at $34.64M, up from 334,000 at the end of the previous reported quarter. Hartford Investment Management Co who had been investing in Walt Disney for a number of months, seems to be bullish on the $167.22B market cap company. The stock increased 0.22% or $0.2486 during the last trading session, reaching $110.9386. About 594,048 shares traded. The Walt Disney Company (NYSE:DIS) has risen 9.26% since January 17, 2017 and is uptrending. It has underperformed by 7.44% the S&P500.

Franklin Resources Inc increased its stake in Insteel Industries Inc (IIIN) by 9.34% based on its latest 2017Q3 regulatory filing with the SEC. Franklin Resources Inc bought 65,900 shares as the company’s stock declined 14.26% while stock markets rallied. The institutional investor held 771,400 shares of the capital goods company at the end of 2017Q3, valued at $20.14 million, up from 705,500 at the end of the previous reported quarter. Franklin Resources Inc who had been investing in Insteel Industries Inc for a number of months, seems to be bullish on the $556.57 million market cap company. The stock decreased 0.10% or $0.03 during the last trading session, reaching $29.23. About 4,992 shares traded. Insteel Industries, Inc. (NASDAQ:IIIN) has risen 28.48% since January 17, 2017 and is uptrending. It has outperformed by 11.78% 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 of The Walt Disney Company (NYSE:DIS) has “Neutral” rating given on Monday, November 16 by Guggenheim. The stock of The Walt Disney Company (NYSE:DIS) earned “Buy” rating by Pivotal Research on Monday, April 18. The rating was maintained by FBR Capital with “Outperform” on Friday, November 6. The rating was downgraded by BMO Capital Markets on Wednesday, August 5 to “Market Perform”. Barclays Capital maintained it with “Equal-Weight” rating and $94 target in Friday, October 13 report. The stock of The Walt Disney Company (NYSE:DIS) has “Underperform” rating given on Wednesday, January 18 by BMO Capital Markets. As per Tuesday, September 5, the company rating was upgraded by Wells Fargo. The company was upgraded on Friday, January 6 by RBC Capital Markets. As per Wednesday, August 9, the company rating was maintained by Needham. RBC Capital Markets maintained The Walt Disney Company (NYSE:DIS) on Monday, August 3 with “Outperform” rating.

Hartford Investment Management Co, which manages about $5.30B US Long portfolio, decreased its stake in Union Pacific Corp (NYSE:UNP) by 2,995 shares to 183,449 shares, valued at $21.28 million in 2017Q3, according to the filing. It also reduced its holding in Altria Group Inc (NYSE:MO) by 7,725 shares in the quarter, leaving it with 441,244 shares, and cut its stake in Pepsico Inc (NYSE:PEP).

Investors sentiment decreased to 0.89 in 2017 Q3. 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. Murphy Incorporated invested in 1.44% or 101,666 shares. Laurel Grove Cap Ltd Liability Com invested 2.74% of its portfolio in The Walt Disney Company (NYSE:DIS). Ubs Asset Mgmt Americas Inc has invested 0.57% in The Walt Disney Company (NYSE:DIS). Strategy Asset Managers Lc, New Jersey-based fund reported 86,578 shares. Tributary Capital Management Ltd Com holds 0.01% or 865 shares. First City Capital Mngmt reported 3,152 shares stake. Coldstream Management reported 24,339 shares. Horrell Mngmt Incorporated stated it has 46 shares. 28,206 are owned by Sg Americas Limited Com. Suntrust Banks accumulated 958,827 shares. Bainco Intl reported 0.99% in The Walt Disney Company (NYSE:DIS). Argent Tru holds 31,888 shares or 0.86% of its portfolio. Pictet & Cie (Europe) holds 2.49% or 176,471 shares in its portfolio. Symphony Asset Ltd Liability Com holds 5,537 shares or 0.06% of its portfolio. Riggs Asset Managment accumulated 723 shares.

Among 3 analysts covering InSteel Industries (NASDAQ:IIIN), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. InSteel Industries had 4 analyst reports since July 22, 2016 according to SRatingsIntel. Rosenblatt maintained the stock with “Neutral” rating in Friday, July 22 report. The rating was initiated by Sidoti on Monday, December 18 with “Buy”. The company was upgraded on Tuesday, November 22 by Sidoti.

Franklin Resources Inc, which manages about $203.98B US Long portfolio, decreased its stake in Vermilion Energy Inc (NYSE:VET) by 24,132 shares to 1.13 million shares, valued at $40.17M in 2017Q3, according to the filing. It also reduced its holding in Fortinet Inc (NASDAQ:FTNT) by 12,030 shares in the quarter, leaving it with 431,861 shares, and cut its stake in Ing Groep N V (NYSE:ING).

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