Paradigm Financial Partners LLC Trims Stock Position in The Walt Disney Company (NYSE:DIS)

Paradigm Financial Partners LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 39.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,775 shares of the entertainment giant’s stock after selling 10,838 shares during the period. Paradigm Financial Partners LLC’s holdings in Walt Disney were worth $1,515,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sargent Investment Group LLC raised its stake in Walt Disney by 6.3% during the 4th quarter. Sargent Investment Group LLC now owns 3,319 shares of the entertainment giant’s stock valued at $300,000 after acquiring an additional 196 shares during the last quarter. Omnia Family Wealth LLC increased its position in Walt Disney by 2.0% during the 4th quarter. Omnia Family Wealth LLC now owns 13,706 shares of the entertainment giant’s stock worth $1,242,000 after purchasing an additional 263 shares during the period. Principle Wealth Partners LLC increased its position in Walt Disney by 10.3% during the 4th quarter. Principle Wealth Partners LLC now owns 25,893 shares of the entertainment giant’s stock worth $2,338,000 after purchasing an additional 2,410 shares during the period. Transcend Capital Advisors LLC increased its position in Walt Disney by 21.8% during the 4th quarter. Transcend Capital Advisors LLC now owns 31,305 shares of the entertainment giant’s stock worth $2,827,000 after purchasing an additional 5,601 shares during the period. Finally, Opinicus Capital Inc. acquired a new stake in shares of Walt Disney in the 4th quarter worth approximately $797,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Walt Disney in a report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price target on the stock. Raymond James upped their price target on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Wells Fargo & Company increased their target price on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Needham & Company LLC increased their target price on Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Finally, Evercore ISI increased their target price on Walt Disney from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.08.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

Shares of NYSE:DIS traded down $0.04 during trading on Friday, hitting $112.73. 6,304,843 shares of the company traded hands, compared to its average volume of 9,049,604. The stock has a market capitalization of $206.78 billion, a price-to-earnings ratio of 69.59, a PEG ratio of 1.39 and a beta of 1.42. The business’s fifty day moving average is $114.18 and its 200-day moving average is $99.76. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating the consensus estimate of $0.97 by $0.25. The company had revenue of $23.50 billion during the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.99 earnings per share. As a group, equities analysts predict that The Walt Disney Company will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio is presently 18.52%.

About Walt Disney

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.