The Walt Disney Company $DIS Stock Holdings Lifted by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in The Walt Disney Company (NYSE:DIS) by 1,232.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,347 shares of the entertainment giant’s stock after acquiring an additional 27,145 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Walt Disney were worth $3,639,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Walt Disney during the second quarter worth approximately $4,220,599,000. Nuveen LLC acquired a new stake in shares of Walt Disney during the first quarter worth approximately $1,353,607,000. Diamond Hill Capital Management Inc. boosted its holdings in shares of Walt Disney by 1,080.7% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock worth $277,993,000 after purchasing an additional 2,578,004 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Walt Disney by 1.6% during the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after purchasing an additional 2,446,087 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Walt Disney by 10,567.3% during the first quarter. GAMMA Investing LLC now owns 2,450,702 shares of the entertainment giant’s stock worth $241,884,000 after purchasing an additional 2,427,728 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on DIS. Wall Street Zen cut shares of Walt Disney from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 20th. Jefferies Financial Group cut shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Barclays lifted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Stephens reiterated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Evercore ISI lifted their target price on shares of Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.18.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $113.49 on Thursday. The stock has a market capitalization of $204.05 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 1.62 and a beta of 1.55. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $117.30 and a 200-day simple moving average of $109.27. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69.

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

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.