Meeder Asset Management Inc. Has $3.39 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Meeder Asset Management Inc. grew its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 2,796.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,467 shares of the entertainment giant's stock after purchasing an additional 29,415 shares during the period. Meeder Asset Management Inc.'s holdings in Walt Disney were worth $3,392,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AIA Group Ltd raised its holdings in Walt Disney by 48.1% in the 4th quarter. AIA Group Ltd now owns 15,786 shares of the entertainment giant's stock valued at $1,758,000 after acquiring an additional 5,129 shares in the last quarter. Wellington Management Group LLP lifted its position in Walt Disney by 5.6% during the fourth quarter. Wellington Management Group LLP now owns 8,665,066 shares of the entertainment giant's stock worth $964,855,000 after purchasing an additional 462,403 shares during the period. O Shaughnessy Asset Management LLC grew its stake in Walt Disney by 19.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 175,428 shares of the entertainment giant's stock worth $19,534,000 after buying an additional 29,096 shares in the last quarter. Delos Wealth Advisors LLC bought a new position in Walt Disney in the 4th quarter valued at about $137,000. Finally, Clearbridge Investments LLC raised its position in shares of Walt Disney by 3.4% in the 4th quarter. Clearbridge Investments LLC now owns 4,183,835 shares of the entertainment giant's stock valued at $465,870,000 after buying an additional 138,943 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DIS shares. Jefferies Financial Group started coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They issued a "hold" rating and a $120.00 price objective on the stock. Rosenblatt Securities reiterated a "buy" rating and issued a $135.00 price target on shares of Walt Disney in a research note on Monday, February 10th. Macquarie reaffirmed a "neutral" rating and issued a $110.00 price objective on shares of Walt Disney in a research note on Monday, January 6th. Prescient Securities lowered their target price on Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Finally, The Goldman Sachs Group raised their price target on shares of Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Six 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 company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $125.64.

Walt Disney Trading Down 1.1 %

DIS stock traded down $1.08 during midday trading on Tuesday, hitting $97.63. The stock had a trading volume of 8,759,472 shares, compared to its average volume of 9,805,517. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The firm has a market cap of $176.49 billion, a P/E ratio of 31.80, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The business has a fifty day moving average price of $107.14 and a two-hundred day moving average price of $105.26. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.69.

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

Walt Disney 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.