Relyea Zuckerberg Hanson LLC Sells 343 Shares of The Walt Disney Company $DIS

Relyea Zuckerberg Hanson LLC trimmed its stake in The Walt Disney Company (NYSE:DIS) by 6.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,928 shares of the entertainment giant’s stock after selling 343 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in Walt Disney were worth $611,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Belpointe Asset Management LLC raised its holdings in Walt Disney by 12.3% during the 2nd quarter. Belpointe Asset Management LLC now owns 23,756 shares of the entertainment giant’s stock valued at $2,946,000 after buying an additional 2,593 shares during the period. Valley National Advisers Inc. raised its stake in shares of Walt Disney by 10.2% in the second quarter. Valley National Advisers Inc. now owns 5,593 shares of the entertainment giant’s stock valued at $693,000 after acquiring an additional 519 shares during the period. Eads & Heald Wealth Management lifted its holdings in shares of Walt Disney by 5.3% in the 2nd quarter. Eads & Heald Wealth Management now owns 10,686 shares of the entertainment giant’s stock worth $1,325,000 after acquiring an additional 536 shares during the last quarter. Valeo Financial Advisors LLC boosted its stake in shares of Walt Disney by 5.2% during the 2nd quarter. Valeo Financial Advisors LLC now owns 106,183 shares of the entertainment giant’s stock worth $13,168,000 after purchasing an additional 5,258 shares during the period. Finally, Plimoth Trust Co. LLC boosted its stake in shares of Walt Disney by 7.0% during the 2nd quarter. Plimoth Trust Co. LLC now owns 28,231 shares of the entertainment giant’s stock worth $3,501,000 after purchasing an additional 1,855 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 0.3%

Shares of NYSE:DIS opened at $112.49 on Monday. The business’s 50 day moving average is $116.12 and its 200 day moving average is $110.10. The stock has a market cap of $202.25 billion, a P/E ratio of 17.63, a price-to-earnings-growth ratio of 1.48 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. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business had revenue of $23.65 billion during 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 business’s revenue for the quarter was up 2.1% compared to the same quarter last year. Sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. UBS Group raised their price target on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Chardan Capital reissued a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Wall Street Zen downgraded Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday. Finally, JPMorgan Chase & Co. increased their target price on Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Nineteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Company Profile

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.