The Walt Disney Company $DIS Shares Sold by Zullo Investment Group Inc.

Zullo Investment Group Inc. lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 19.1% during the 2nd quarter, HoldingsChannel.com reports. The fund 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 SEC filing.

Other hedge funds have also recently modified their holdings of the company. J. Safra Sarasin Holding AG increased its holdings in shares of Walt Disney by 8.1% during the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock valued at $21,983,000 after acquiring an additional 16,781 shares in the last quarter. Planning Directions Inc. purchased a new stake in Walt Disney in the first quarter valued at approximately $326,000. Kingstone Capital Partners Texas LLC purchased a new stake in Walt Disney in the second quarter valued at approximately $4,220,599,000. Wedge Capital Management L L P NC boosted its position in Walt Disney by 8,744.0% in the second quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock valued at $39,724,000 after buying an additional 316,707 shares during the last quarter. Finally, WoodTrust Financial Corp boosted its position in Walt Disney by 6.7% in the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant’s stock valued at $9,491,000 after buying an additional 6,047 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on DIS shares. Rosenblatt Securities upped their target price on Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. JPMorgan Chase & Co. upped their target price on Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Evercore ISI upped their target price on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Finally, Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.18.

Walt Disney Trading Down 1.6%

Shares of NYSE:DIS opened at $109.17 on Friday. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The firm has a market capitalization of $196.27 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 1.46 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The business’s 50 day moving average price is $115.36 and its 200-day moving average price is $110.34.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (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 analyst estimates of $23.69 billion. During the same quarter last year, the firm posted $1.39 EPS. The business’s revenue was up 2.1% on a year-over-year basis. On average, equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney 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.