The Walt Disney Company (NYSE:DIS) Shares Sold by Paragon Private Wealth Management LLC

Paragon Private Wealth Management LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.1% in the fourth quarter, HoldingsChannel reports. The firm owned 6,960 shares of the entertainment giant’s stock after selling 146 shares during the quarter. Paragon Private Wealth Management LLC’s holdings in Walt Disney were worth $775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DIS. Jennison Associates LLC boosted its position in Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock valued at $2,137,637,000 after purchasing an additional 3,636,742 shares during the period. Raymond James Financial Inc. acquired a new position in Walt Disney during the 4th quarter valued at approximately $358,151,000. FMR LLC boosted its position in Walt Disney by 8.7% during the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock valued at $3,310,539,000 after purchasing an additional 2,765,389 shares during the period. Bank of New York Mellon Corp boosted its position in Walt Disney by 15.5% during the 4th quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant’s stock valued at $1,904,563,000 after purchasing an additional 2,300,912 shares during the period. Finally, Janus Henderson Group PLC raised its stake in Walt Disney by 112.0% during the 3rd quarter. Janus Henderson Group PLC now owns 4,142,991 shares of the entertainment giant’s stock valued at $398,508,000 after acquiring an additional 2,188,610 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Macquarie reaffirmed a “neutral” rating and set a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and lifted their target price for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Jefferies Financial Group assumed coverage on Walt Disney in a research note on Wednesday, December 4th. They set a “hold” rating and a $120.00 target price on the stock. The Goldman Sachs Group lifted their target price on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Finally, Morgan Stanley lifted their target price on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.64.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the sale, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Walt Disney Stock Performance

Shares of DIS stock opened at $105.58 on Monday. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $190.87 billion, a price-to-earnings ratio of 34.39, a P/E/G ratio of 1.80 and a beta of 1.41. The stock’s fifty day simple moving average is $110.30 and its 200-day simple moving average is $104.16.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. On average, sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Company 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.