Cyndeo Wealth Partners LLC Lowers Holdings in The Walt Disney Company $DIS

Cyndeo Wealth Partners LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 13.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,640 shares of the entertainment giant’s stock after selling 1,158 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Walt Disney were worth $947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of DIS. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney in the first quarter worth about $26,000. DiNuzzo Private Wealth Inc. increased its stake in Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after acquiring an additional 94 shares during the last quarter. Kessler Investment Group LLC raised its holdings in shares of Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after acquiring an additional 200 shares in the last quarter. First PREMIER Bank boosted its position in shares of Walt Disney by 72.2% during the 1st quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock valued at $48,000 after acquiring an additional 205 shares during the last quarter. Finally, RMG Wealth Management LLC purchased a new position in shares of Walt Disney in the second quarter valued at $49,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 1.6%

DIS opened at $109.17 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The stock’s fifty day moving average is $115.36 and its two-hundred day moving average is $110.34. The company has a market capitalization of $196.27 billion, a P/E ratio of 17.11, a PEG ratio of 1.46 and a beta of 1.54. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. During the same period in the prior year, the business earned $1.39 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on DIS. Morgan Stanley upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Raymond James Financial restated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Stephens reiterated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. UBS Group upped their price objective on Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Finally, Citigroup raised their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.18.

About Walt Disney

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.