Will Disney’s Planned Layoffs Put Off These Top Institutional Shareholders?
The Walt Disney Company (NYSE:DIS) intends to start layoffs at its studio and consumer product divisions within the next two weeks, according to Reuters, in the latest phase of cost-reduction program to come from a company-wide review. The studio job cuts will focus on the marketing and home video businesses, and include a few from the animation wing, according to sources. It is not clear how many jobs will be eliminated at either division.
These institutional firms indicated owning shares of Disney in first quarter of 2013. They reported owning a total of 3.444 million shares on March 31st. The shares closed at $56.80 on that date.
Here are the ten largest positions in Disney at the end of March 31, 2013.
Navellier & Associates held 789,309 shares on 03/31/2013 worth $44,833,000. This brought the portfolio total to 1.26 percent.
Shell Asset Management held 507,899 shares worth $21,281. This brought the portfolio total to 0.02 percent.
Cacti Asset Management held 297,878 shares worth $16,919,000. This brought the portfolio total to 3.48 percent.
Huntington National Bank held 199,869 shares worth $11,352,000. This brought the portfolio total to 0.27 percent.
Mizuho Securities USA held 189,324 shares worth $10,754,000. This brought the portfolio total to 0.61 percent.
First Citizens Bank & Trust Co. held 181,701 shares worth $10,321,000. This brought the portfolio total to 0.33 percent.
BB&T Corporation held 173,561 shares worth $9,858,000. This brought the portfolio total to 0.41 percent.
Neville Rodie & Shaw held 121,871 shares worth $6,922,000. This brought the portfolio total to 0.82 percent.
Catawba Capital Management /Va held 116,479 shares worth $5,099,000. This brought the portfolio total to 1.51 percent.
Abner Herrman & Brock held 114,541 shares worth $6,506,000. This brought the portfolio total to 3.05 percent.
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