Meeder Asset Management Inc. Buys 29,415 Shares of The Walt Disney Company (NYSE:DIS)

Meeder Asset Management Inc. increased its stake in The Walt Disney Company (NYSE:DIS) by 2,796.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,467 shares of the entertainment giant’s stock after buying an additional 29,415 shares during the quarter. Meeder Asset Management Inc.’s holdings in Walt Disney were worth $3,392,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Walt Disney during the 4th quarter worth about $2,415,427,000. Arrowstreet Capital Limited Partnership grew its holdings in Walt Disney by 75.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock worth $1,209,050,000 after purchasing an additional 4,680,930 shares during the period. Jennison Associates LLC increased its position in Walt Disney by 23.4% during the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after buying an additional 3,636,742 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Walt Disney in the fourth quarter valued at approximately $358,151,000. Finally, Boston Partners acquired a new stake in shares of Walt Disney in the fourth quarter valued at approximately $350,707,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DIS shares. Macquarie restated a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a research note on Monday, January 6th. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and increased their price objective for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Citigroup reaffirmed a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Wednesday, January 22nd. Morgan Stanley raised their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Jefferies Financial Group began coverage on Walt Disney in a research report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Price Performance

Shares of DIS stock opened at $98.02 on Monday. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.69. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The business has a fifty day simple moving average of $107.31 and a 200 day simple moving average of $105.19. The company has a market cap of $177.19 billion, a P/E ratio of 31.93, a P/E/G ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.