Meeder Asset Management Inc. Has $8.80 Million Holdings in The Walt Disney Company (NYSE:DIS)

Meeder Asset Management Inc. grew its stake in shares of The Walt Disney Company (NYSE:DIS) by 192.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,192 shares of the entertainment giant’s stock after acquiring an additional 58,725 shares during the period. Meeder Asset Management Inc.’s holdings in Walt Disney were worth $8,803,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Planning Directions Inc. acquired a new stake in shares of Walt Disney in the first quarter valued at approximately $326,000. Trek Financial LLC raised its position in shares of Walt Disney by 479.9% in the fourth quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant’s stock valued at $4,044,000 after buying an additional 30,057 shares in the last quarter. WoodTrust Financial Corp raised its position in shares of Walt Disney by 6.7% in the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant’s stock valued at $9,491,000 after buying an additional 6,047 shares in the last quarter. Bank of Stockton raised its position in shares of Walt Disney by 4.4% in the first quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant’s stock valued at $897,000 after buying an additional 383 shares in the last quarter. Finally, Rheos Capital Works Inc. raised its position in shares of Walt Disney by 164.7% in the first quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant’s stock valued at $39,026,000 after buying an additional 246,000 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Down 0.9%

Shares of DIS stock opened at $120.36 on Tuesday. The firm has a market capitalization of $216.38 billion, a P/E ratio of 24.61, a P/E/G ratio of 1.78 and a beta of 1.56. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The stock’s fifty day simple moving average is $118.13 and its 200 day simple moving average is $107.42.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The business had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the previous year, the company posted $1.21 EPS. Walt Disney’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the business’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president owned 46,831 shares of the company’s stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DIS. Loop Capital lifted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, June 10th. Wolfe Research upgraded shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price target for the company in a research report on Monday, April 21st. Citigroup boosted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Finally, Barclays boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $128.13.

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.