The Walt Disney Company (NYSE:DIS) Shares Sold by Paragon Capital Management Ltd

Paragon Capital Management Ltd trimmed its position in The Walt Disney Company (NYSE:DIS) by 7.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,162 shares of the entertainment giant’s stock after selling 332 shares during the quarter. Paragon Capital Management Ltd’s holdings in Walt Disney were worth $372,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Advisory Solutions LLC lifted its holdings in shares of Walt Disney by 1.6% in the fourth quarter. Wealth Advisory Solutions LLC now owns 5,981 shares of the entertainment giant’s stock valued at $520,000 after purchasing an additional 94 shares in the last quarter. Compton Capital Management Inc. RI lifted its holdings in shares of Walt Disney by 0.5% in the first quarter. Compton Capital Management Inc. RI now owns 20,689 shares of the entertainment giant’s stock valued at $2,838,000 after purchasing an additional 100 shares in the last quarter. Carolinas Wealth Consulting LLC lifted its holdings in shares of Walt Disney by 2.9% in the first quarter. Carolinas Wealth Consulting LLC now owns 3,575 shares of the entertainment giant’s stock valued at $490,000 after purchasing an additional 100 shares in the last quarter. Alterna Wealth Management Inc. lifted its holdings in shares of Walt Disney by 4.4% in the fourth quarter. Alterna Wealth Management Inc. now owns 2,387 shares of the entertainment giant’s stock valued at $207,000 after purchasing an additional 100 shares in the last quarter. Finally, Trifecta Capital Advisors LLC lifted its holdings in shares of Walt Disney by 3.0% in the first quarter. Trifecta Capital Advisors LLC now owns 3,479 shares of the entertainment giant’s stock valued at $348,000 after purchasing an additional 100 shares in the last quarter. 61.17% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 959 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $89.05, for a total transaction of $85,398.95. Following the completion of the transaction, the executive vice president now directly owns 961 shares of the company’s stock, valued at approximately $85,577.05. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.

Walt Disney Price Performance

DIS opened at $85.58 on Monday. The company has a fifty day simple moving average of $85.78 and a 200 day simple moving average of $91.59. The firm has a market cap of $156.59 billion, a price-to-earnings ratio of 69.58, a PEG ratio of 1.68 and a beta of 1.28. The Walt Disney Company has a twelve month low of $79.75 and a twelve month high of $118.18. The company has a current ratio of 1.07, a quick ratio of 1.00 and a debt-to-equity ratio of 0.44.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.04. The company had revenue of $22.33 billion during the quarter, compared to analyst estimates of $22.50 billion. Walt Disney had a net margin of 2.56% and a return on equity of 6.45%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the business earned $1.09 EPS. Equities research analysts expect that The Walt Disney Company will post 3.68 EPS for the current fiscal year.

Analyst Ratings Changes

DIS has been the subject of a number of analyst reports. Rosenblatt Securities boosted their price objective on shares of Walt Disney from $102.00 to $104.00 and gave the company a “buy” rating in a research report on Tuesday, September 12th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Walt Disney from $131.00 to $120.00 in a research report on Tuesday, August 8th. Loop Capital cut their price objective on shares of Walt Disney from $120.00 to $110.00 in a research report on Monday, June 26th. Atlantic Securities lowered shares of Walt Disney from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $113.00 to $76.00 in a research report on Tuesday, July 25th. Finally, Truist Financial reissued a “buy” rating and issued a $105.00 price objective on shares of Walt Disney in a research report on Monday, August 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $114.58.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.