Shares of Walt Disney Co. (NYSE:DIS) have underperformed the S&P 500 Index this year, with a modest 1.04% increase compared to the index's 15% rally. Florida Governor Ron DeSantis attributes this to a boycott of Disney's theme parks and movie releases, reflecting parents' resistance to what they perceive as an agenda being imposed on them. A recent Wall Street Journal report revealed that this summer’s Independence Day traffic at Walt Disney World in Orlando, Florida, was the slowest in nearly a decade. KeyBanc Capital Markets analyst Brandon Nispel downgraded Disney’s stock from Overweight to Sector Weight in late June, citing disappointing performance of domestic theme parks, the company’s labor contract in Florida, and weak results from its direct-to-consumer streaming business.