Zullo Investment Group Inc. Reduces Holdings in The Walt Disney Company $DIS

Zullo Investment Group Inc. trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 19.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,657 shares of the entertainment giant’s stock after selling 1,339 shares during the quarter. Zullo Investment Group Inc.’s holdings in Walt Disney were worth $702,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Physician Wealth Advisors Inc. boosted its stake in shares of Walt Disney by 3.5% during the second quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock valued at $323,000 after purchasing an additional 87 shares during the period. Childress Capital Advisors LLC boosted its stake in shares of Walt Disney by 3.3% during the second quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock valued at $341,000 after purchasing an additional 87 shares during the period. Bruce G. Allen Investments LLC boosted its stake in shares of Walt Disney by 9.1% during the second quarter. Bruce G. Allen Investments LLC now owns 1,123 shares of the entertainment giant’s stock valued at $139,000 after purchasing an additional 94 shares during the period. DiNuzzo Private Wealth Inc. boosted its stake in shares of Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after purchasing an additional 94 shares during the period. Finally, Clearstead Trust LLC boosted its stake in shares of Walt Disney by 0.6% during the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant’s stock valued at $1,629,000 after purchasing an additional 99 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Rosenblatt Securities boosted their target price on shares of Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Walt Disney in a research note on Wednesday. Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Citigroup upped their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Finally, UBS Group upped their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Nineteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $109.17 on Friday. The company has a market capitalization of $196.27 billion, a PE ratio of 17.11, a P/E/G ratio of 1.46 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The company has a 50-day simple moving average of $115.36 and a two-hundred day simple moving average of $110.34. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69.

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

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.