Paragon Financial Partners Inc. Takes Position in The Walt Disney Company $DIS

Paragon Financial Partners Inc. purchased a new stake in shares of The Walt Disney Company (NYSE:DIS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,997 shares of the entertainment giant’s stock, valued at approximately $248,000.

Other institutional investors have also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in Walt Disney in the first quarter valued at about $26,000. DiNuzzo Private Wealth Inc. grew its stake in Walt Disney by 82.5% in 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 last quarter. Kessler Investment Group LLC grew its stake in Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 200 shares during the last quarter. Harbor Asset Planning Inc. acquired a new stake in Walt Disney in the second quarter worth about $37,000. Finally, RMG Wealth Management LLC acquired a new stake in Walt Disney in the second quarter worth about $49,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. 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. Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday, October 8th. Citigroup lifted their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. lifted their target price on Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Nineteen analysts have rated the stock with a Buy rating and eight 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 target price of $132.90.

Walt Disney Trading Down 1.1%

Shares of NYSE:DIS opened at $113.00 on Thursday. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The company has a market capitalization of $203.16 billion, a PE ratio of 17.71, a PEG ratio of 1.50 and a beta of 1.54. The business has a 50 day moving average of $114.78 and a two-hundred day moving average of $111.22. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.39 earnings per share. As a group, analysts forecast that The Walt Disney Company will post 5.47 EPS 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.