First Merchants Corp Acquires 3,091 Shares of The Walt Disney Company (NYSE:DIS)

First Merchants Corp lifted its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 10.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,600 shares of the entertainment giant's stock after acquiring an additional 3,091 shares during the quarter. First Merchants Corp's holdings in Walt Disney were worth $3,316,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC bought a new position in Walt Disney in the 4th quarter worth $27,000. Tacita Capital Inc raised its stake in Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after buying an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in Walt Disney in the fourth quarter worth about $32,000. Copia Wealth Management bought a new stake in Walt Disney during the 4th quarter valued at approximately $36,000. Finally, Vision Financial Markets LLC bought a new stake in Walt Disney during the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Stock Up 1.9%

DIS stock opened at $121.64 on Friday. The stock has a market capitalization of $218.69 billion, a P/E ratio of 24.88, a P/E/G ratio of 1.75 and a beta of 1.54. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $121.83. The business has a fifty day moving average price of $107.50 and a 200-day moving average price of $105.97.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results 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. The business had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. Walt Disney's revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.21 EPS. Equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.16% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DIS shares. Barclays increased their target price on Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. UBS Group increased their price objective on Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Guggenheim lowered their price objective on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. Finally, 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 note on Monday, April 21st. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and an average target price of $123.96.

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.

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