Paulson Wealth Management Inc. Has $572,000 Stock Holdings in The Walt Disney Company $DIS

Paulson Wealth Management Inc. lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 20.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,610 shares of the entertainment giant’s stock after selling 1,194 shares during the period. Paulson Wealth Management Inc.’s holdings in Walt Disney were worth $572,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Walt Disney by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after buying an additional 2,446,087 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in Walt Disney in the second quarter valued at approximately $4,220,599,000. Jennison Associates LLC increased its holdings in shares of Walt Disney by 9.4% during the second quarter. Jennison Associates LLC now owns 20,676,921 shares of the entertainment giant’s stock valued at $2,564,145,000 after acquiring an additional 1,774,772 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Walt Disney by 9.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant’s stock worth $1,826,930,000 after purchasing an additional 1,642,907 shares during the period. Finally, Amundi lifted its holdings in shares of Walt Disney by 11.4% in the 1st quarter. Amundi now owns 14,882,195 shares of the entertainment giant’s stock worth $1,468,873,000 after purchasing an additional 1,520,513 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Down 0.9%

Shares of NYSE:DIS opened at $110.38 on Friday. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a market capitalization of $198.45 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The business has a fifty day moving average price of $113.61 and a two-hundred day moving average price of $113.43. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same quarter in the prior year, the business earned $1.39 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Needham & Company LLC restated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Tuesday, September 23rd. Stephens reissued a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Evercore ISI raised their price target on shares of Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. JPMorgan Chase & Co. lifted their price target on Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Finally, Jefferies Financial Group downgraded Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.90.

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.