Paradigm Financial Partners LLC Acquires 780 Shares of The Walt Disney Company (NYSE:DIS)

Posted by on Jun 23rd, 2023

Paradigm Financial Partners LLC boosted its holdings in shares of The Walt Disney Company (NYSE:DIS – Get Rating) by 3.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,459 shares of the entertainment giant’s stock after purchasing an additional 780 shares during the period. Paradigm Financial Partners LLC’s holdings in Walt Disney were worth $2,349,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. Markel Corp lifted its stake in Walt Disney by 2.3% during the first quarter. Markel Corp now owns 1,922,665 shares of the entertainment giant’s stock worth $263,713,000 after purchasing an additional 42,500 shares during the period. Fairfield Bush & CO. lifted its stake in Walt Disney by 3.4% during the first quarter. Fairfield Bush & CO. now owns 9,624 shares of the entertainment giant’s stock worth $1,320,000 after purchasing an additional 320 shares during the period. United Bank raised its stake in shares of Walt Disney by 8.7% in the first quarter. United Bank now owns 9,949 shares of the entertainment giant’s stock valued at $1,365,000 after acquiring an additional 794 shares during the last quarter. AMI Investment Management Inc. raised its stake in shares of Walt Disney by 4.6% in the first quarter. AMI Investment Management Inc. now owns 24,918 shares of the entertainment giant’s stock valued at $3,418,000 after acquiring an additional 1,094 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Walt Disney by 0.6% in the first quarter. Mackenzie Financial Corp now owns 828,308 shares of the entertainment giant’s stock valued at $113,611,000 after acquiring an additional 4,722 shares during the last quarter. Institutional investors own 63.67% of the company’s stock.

Insider Activity

In other news, EVP Brent Woodford sold 1,145 shares of the business’s stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $99.16, for a total value of $113,538.20. Following the completion of the transaction, the executive vice president now owns 29,138 shares of the company’s stock, valued at approximately $2,889,324.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on DIS shares. Guggenheim cut their target price on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, April 11th. Macquarie cut shares of Walt Disney from an “outperform” rating to a “neutral” rating and cut their target price for the company from $125.00 to $103.00 in a research note on Friday, May 19th. StockNews.com started coverage on shares of Walt Disney in a research note on Thursday, May 18th. They issued a “sell” rating for the company. Barclays cut their target price on shares of Walt Disney from $107.00 to $88.00 in a research note on Wednesday. Finally, Wolfe Research lowered shares of Walt Disney from an “outperform” rating to a “peer perform” rating in a report on Friday, May 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.27.

Walt Disney Price Performance

DIS opened at $88.49 on Friday. The company has a fifty day moving average price of $94.42 and a two-hundred day moving average price of $96.94. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.94 and a current ratio of 1.01. The Walt Disney Company has a 52 week low of $84.07 and a 52 week high of $126.48. The firm has a market capitalization of $161.70 billion, a PE ratio of 39.33, a P/E/G ratio of 2.02 and a beta of 1.30.

Walt Disney (NYSE:DIS – Get Rating) last released its earnings results on Wednesday, May 10th. The entertainment giant reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. Walt Disney had a net margin of 4.74% and a return on equity of 6.41%. The firm had revenue of $21.82 billion during the quarter, compared to analyst estimates of $21.82 billion. During the same quarter in the previous year, the business earned $1.08 EPS. As a group, analysts anticipate that The Walt Disney Company will post 3.83 earnings per share for the current year.

Walt Disney Company Profile

(Get Rating)

The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global film and episodic television content production and distribution activities.

Featured Stories

Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.