Meeder Asset Management Inc. Reduces Stake in Walt Disney Co (NYSE:DIS)

Meeder Asset Management Inc. trimmed its stake in Walt Disney Co (NYSE:DIS) by 68.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,006 shares of the entertainment giant’s stock after selling 85,102 shares during the quarter. Meeder Asset Management Inc.’s holdings in Walt Disney were worth $5,446,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Centerpoint Advisors LLC lifted its stake in shares of Walt Disney by 276.5% during the 2nd quarter. Centerpoint Advisors LLC now owns 192 shares of the entertainment giant’s stock valued at $27,000 after buying an additional 141 shares in the last quarter. Portfolio Solutions LLC purchased a new stake in shares of Walt Disney during the 4th quarter valued at approximately $43,000. Riverview Trust Co purchased a new stake in shares of Walt Disney during the 4th quarter valued at approximately $48,000. Bay Harbor Wealth Management LLC lifted its stake in shares of Walt Disney by 94.2% during the 2nd quarter. Bay Harbor Wealth Management LLC now owns 433 shares of the entertainment giant’s stock valued at $60,000 after buying an additional 210 shares in the last quarter. Finally, Thor Advisors LLC purchased a new stake in shares of Walt Disney during the 1st quarter valued at approximately $69,000. Hedge funds and other institutional investors own 64.27% of the company’s stock.

A number of brokerages recently commented on DIS. Moffett Nathanson set a $150.00 price target on shares of Walt Disney and gave the company a “buy” rating in a research note on Wednesday, August 7th. Barclays increased their target price on shares of Walt Disney from $130.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. BMO Capital Markets increased their target price on shares of Walt Disney from $140.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 7th. Credit Suisse Group reiterated a “buy” rating and issued a $150.00 target price on shares of Walt Disney in a research note on Thursday, August 8th. Finally, Loop Capital increased their target price on shares of Walt Disney to $165.00 and gave the stock a “buy” rating in a research note on Friday, June 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $148.22.

In other news, EVP Alan N. Braverman sold 94,462 shares of the stock in a transaction on Friday, July 5th. The shares were sold at an average price of $141.18, for a total value of $13,336,145.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Brent Woodford sold 2,200 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $138.23, for a total transaction of $304,106.00. The disclosure for this sale can be found here. Insiders sold a total of 154,423 shares of company stock worth $21,743,165 in the last three months. Insiders own 0.36% of the company’s stock.

NYSE DIS opened at $135.43 on Friday. The company’s 50 day simple moving average is $140.55 and its two-hundred day simple moving average is $129.18. The stock has a market capitalization of $243.42 billion, a PE ratio of 19.13, a P/E/G ratio of 4.47 and a beta of 0.96. Walt Disney Co has a 1 year low of $100.35 and a 1 year high of $147.15. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.70 and a quick ratio of 0.67.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 EPS for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.41). The company had revenue of $20.25 billion during the quarter, compared to the consensus estimate of $21.40 billion. Walt Disney had a return on equity of 13.08% and a net margin of 19.02%. Walt Disney’s quarterly revenue was up 32.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.87 EPS. On average, research analysts anticipate that Walt Disney Co will post 6 EPS for the current year.

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, July 25th. Stockholders of record on Monday, July 8th were issued a $0.88 dividend. The ex-dividend date of this dividend was Friday, July 5th. Walt Disney’s payout ratio is 24.86%.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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