Disney Walt Co. (DIS) Shareholder Mai Wealth Advisors Lifted Its Position; Empirical Financial Services Decreased Its Patterson Companies (PDCO) Position as Share Price Declined

January 16, 2018 - By Nellie Frank

Mai Wealth Advisors increased its stake in Disney Walt Co. (DIS) by 13.45% based on its latest 2017Q3 regulatory filing with the SEC. Mai Wealth Advisors bought 7,278 shares as the company’s stock declined 2.31% while stock markets rallied. The hedge fund held 61,385 shares of the television services company at the end of 2017Q3, valued at $6.05 million, up from 54,107 at the end of the previous reported quarter. Mai Wealth Advisors who had been investing in Disney Walt Co. for a number of months, seems to be bullish on the $168.36 billion market cap company. The stock decreased 0.68% or $0.77 during the last trading session, reaching $111.7. About 2.12 million shares traded. The Walt Disney Company (NYSE:DIS) has risen 9.26% since January 16, 2017 and is uptrending. It has underperformed by 7.44% the S&P500.

Empirical Financial Services Llc decreased its stake in Patterson Companies Inc (PDCO) by 53.35% based on its latest 2017Q3 regulatory filing with the SEC. Empirical Financial Services Llc sold 8,002 shares as the company’s stock declined 2.93% while stock markets rallied. The institutional investor held 6,998 shares of the health care company at the end of 2017Q3, valued at $270,000, down from 15,000 at the end of the previous reported quarter. Empirical Financial Services Llc who had been investing in Patterson Companies Inc for a number of months, seems to be less bullish one the $3.50B market cap company. The stock increased 0.84% or $0.3152 during the last trading session, reaching $37.8252. About 227,965 shares traded. Patterson Companies, Inc. (NASDAQ:PDCO) has declined 4.97% since January 16, 2017 and is downtrending. It has underperformed by 21.67% the S&P500.

Among 14 analysts covering Patterson Companies Inc. (NASDAQ:PDCO), 2 have Buy rating, 2 Sell and 10 Hold. Therefore 14% are positive. Patterson Companies Inc. had 33 analyst reports since August 28, 2015 according to SRatingsIntel. On Thursday, November 16 the stock rating was upgraded by Stifel Nicolaus to “Hold”. The rating was maintained by Credit Suisse on Thursday, July 13 with “Buy”. As per Wednesday, September 13, the company rating was maintained by Jefferies. The firm has “Neutral” rating by UBS given on Thursday, October 6. Deutsche Bank initiated the stock with “Hold” rating in Friday, December 8 report. The rating was downgraded by UBS to “Sell” on Tuesday, July 11. The stock of Patterson Companies, Inc. (NASDAQ:PDCO) has “Hold” rating given on Friday, August 25 by UBS. Stifel Nicolaus maintained it with “Sell” rating and $3900 target in Wednesday, August 9 report. Stifel Nicolaus maintained the stock with “Sell” rating in Tuesday, October 17 report. Jefferies maintained Patterson Companies, Inc. (NASDAQ:PDCO) on Wednesday, November 22 with “Hold” rating.

Investors sentiment increased to 1.25 in Q3 2017. Its up 0.46, from 0.79 in 2017Q2. It increased, as 39 investors sold PDCO shares while 102 reduced holdings. 46 funds opened positions while 130 raised stakes. 88.39 million shares or 5.32% more from 83.93 million shares in 2017Q2 were reported. Mason Street Advsr Ltd Liability Company holds 11,434 shares or 0.01% of its portfolio. Moreover, Trexquant Inv LP has 0.11% invested in Patterson Companies, Inc. (NASDAQ:PDCO). Citadel Advsr Ltd Liability invested 0.02% in Patterson Companies, Inc. (NASDAQ:PDCO). Nomura Asset Mngmt Limited has 0.01% invested in Patterson Companies, Inc. (NASDAQ:PDCO) for 10,556 shares. Srb Corporation reported 0.02% of its portfolio in Patterson Companies, Inc. (NASDAQ:PDCO). Ghp Inv Incorporated has invested 0.03% in Patterson Companies, Inc. (NASDAQ:PDCO). Sg Americas Securities Limited Liability holds 0% of its portfolio in Patterson Companies, Inc. (NASDAQ:PDCO) for 14,169 shares. Cwm Limited Company has 654,123 shares. Ahl Prtn Ltd Liability Partnership holds 159,567 shares. Long Road Investment Counsel Limited Liability Co holds 0.81% of its portfolio in Patterson Companies, Inc. (NASDAQ:PDCO) for 29,500 shares. Swiss Bancorp holds 304,458 shares or 0.01% of its portfolio. Toronto Dominion National Bank & Trust has invested 0% in Patterson Companies, Inc. (NASDAQ:PDCO). Alliancebernstein Lp owns 141,637 shares. Schroder Investment Mgmt Grp owns 258,605 shares. Cubist Systematic Strategies Ltd Co has 0.01% invested in Patterson Companies, Inc. (NASDAQ:PDCO).

Analysts await Patterson Companies, Inc. (NASDAQ:PDCO) to report earnings on February, 22. They expect $0.52 EPS, down 10.34% or $0.06 from last year’s $0.58 per share. PDCO’s profit will be $48.17M for 18.19 P/E if the $0.52 EPS becomes a reality. After $0.51 actual EPS reported by Patterson Companies, Inc. for the previous quarter, Wall Street now forecasts 1.96% EPS growth.

Since October 11, 2017, it had 0 insider purchases, and 2 insider sales for $54,833 activity.

Empirical Financial Services Llc, which manages about $933.31M and $433.35M US Long portfolio, upped its stake in Apple Inc (NASDAQ:AAPL) by 4,692 shares to 26,250 shares, valued at $4.05 million in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (EMB) by 9,817 shares in the quarter, for a total of 49,708 shares, and has risen its stake in Vanguard Bd Index Fd Inc (BSV).

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 “Outperform” rating by RBC Capital Markets on Monday, August 3. The stock of The Walt Disney Company (NYSE:DIS) has “Hold” rating given on Wednesday, July 20 by Stifel Nicolaus. The rating was maintained by JP Morgan on Wednesday, April 12 with “Overweight”. The rating was maintained by Credit Suisse with “Buy” on Monday, July 24. The rating was maintained by Credit Suisse on Friday, September 8 with “Buy”. The firm has “Neutral” rating given on Friday, November 10 by B. Riley & Co. As per Thursday, May 11, the company rating was maintained by Jefferies. The stock of The Walt Disney Company (NYSE:DIS) earned “Buy” rating by Citigroup on Thursday, August 11. The firm has “Buy” rating given on Tuesday, January 3 by Evercore. As per Monday, August 10, the company rating was maintained by Deutsche Bank.

Mai Wealth Advisors, which manages about $3.54 billion and $1.65B US Long portfolio, decreased its stake in Procter & Gamble (NYSE:PG) by 11,324 shares to 68,749 shares, valued at $6.26M in 2017Q3, according to the filing. It also reduced its holding in Spdr S&P Mid Cap 400 Etf (MDY) by 1,273 shares in the quarter, leaving it with 241,323 shares, and cut its stake in Ishares Russell 1000 Growth In (IWF).

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.20, from 1.09 in 2017Q2. It turned negative, 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. Aldebaran Incorporated has 34,369 shares for 2.34% of their portfolio. 4,115 are owned by Bar Harbor Tru Svcs. First Republic Management has invested 0.63% in The Walt Disney Company (NYSE:DIS). Brandywine Glob Invest Llc, a Pennsylvania-based fund reported 1.64M shares. Interocean Cap Ltd Liability Corporation holds 2.23% of its portfolio in The Walt Disney Company (NYSE:DIS) for 152,004 shares. Commerzbank Aktiengesellschaft Fi has invested 0.45% in The Walt Disney Company (NYSE:DIS). Moreover, Laffer Invs has 0.89% invested in The Walt Disney Company (NYSE:DIS). Transamerica Finance Advisors stated it has 32,628 shares. Glg Lc accumulated 102,766 shares. 10 reported 29,699 shares. Alphamark Advisors Ltd has 1,051 shares for 0.04% of their portfolio. Old Mutual Glob Investors (Uk) Ltd invested in 3,300 shares. Weatherly Asset Mgmt LP reported 0.96% of its portfolio in The Walt Disney Company (NYSE:DIS). Salient Trust Co Lta owns 124,985 shares. Wheatland Advsrs has invested 0.34% in The Walt Disney Company (NYSE:DIS).

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