Cyndeo Wealth Partners LLC Sells 1,158 Shares of The Walt Disney Company $DIS

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

Several other large investors have also recently modified their holdings of the company. Brighton Jones LLC increased its position in Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after buying an additional 1,904 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Walt Disney by 8.1% during the first quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant’s stock worth $2,451,000 after acquiring an additional 1,856 shares during the last quarter. Zhang Financial LLC raised its position in shares of Walt Disney by 9.8% in the 1st quarter. Zhang Financial LLC now owns 2,207 shares of the entertainment giant’s stock valued at $218,000 after purchasing an additional 197 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its position in shares of Walt Disney by 21.0% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 19,824 shares of the entertainment giant’s stock valued at $1,957,000 after purchasing an additional 3,441 shares during the last quarter. Finally, Thomasville National Bank boosted its stake in Walt Disney by 3.4% in the 1st quarter. Thomasville National Bank now owns 7,611 shares of the entertainment giant’s stock worth $751,000 after purchasing an additional 251 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Raymond James Financial reissued a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Tuesday, September 23rd. Finally, UBS Group raised their price target on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Nineteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Stock Down 1.6%

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

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

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.