1,997 Shares in The Walt Disney Company $DIS Purchased by Paragon Financial Partners Inc.

Paragon Financial Partners Inc. bought a new position in The Walt Disney Company (NYSE:DIS) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,997 shares of the entertainment giant’s stock, valued at approximately $248,000.

A number of other hedge funds have also bought and sold shares of the business. Forum Financial Management LP increased its position in shares of Walt Disney by 4.9% during the 2nd quarter. Forum Financial Management LP now owns 34,355 shares of the entertainment giant’s stock valued at $4,260,000 after purchasing an additional 1,610 shares during the last quarter. Ethic Inc. boosted its position in shares of Walt Disney by 3.0% during the 2nd quarter. Ethic Inc. now owns 199,309 shares of the entertainment giant’s stock valued at $24,383,000 after acquiring an additional 5,860 shares during the last quarter. Meadow Creek Wealth Advisors LLC boosted its position in shares of Walt Disney by 19.9% during the 2nd quarter. Meadow Creek Wealth Advisors LLC now owns 2,881 shares of the entertainment giant’s stock valued at $357,000 after acquiring an additional 479 shares during the last quarter. Caliber Wealth Management LLC KS boosted its position in shares of Walt Disney by 16.7% during the 2nd quarter. Caliber Wealth Management LLC KS now owns 11,923 shares of the entertainment giant’s stock valued at $1,479,000 after acquiring an additional 1,705 shares during the last quarter. Finally, Pacific Heights Asset Management LLC boosted its position in shares of Walt Disney by 50.7% during the 2nd quarter. Pacific Heights Asset Management LLC now owns 113,000 shares of the entertainment giant’s stock valued at $14,013,000 after acquiring an additional 38,000 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on DIS shares. Guggenheim increased their target price on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, June 27th. Wall Street Zen downgraded Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Barclays increased their target price on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Walt Disney in a research report on Wednesday, October 8th. Finally, Chardan Capital restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney Stock Performance

DIS stock opened at $113.00 on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The business’s fifty day simple moving average is $114.78 and its two-hundred day simple moving average is $111.22. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The firm has a market cap of $203.16 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.50 and a beta of 1.54.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping 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 business 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 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. Analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current 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.