Meridiem Capital Partners LP Makes New Investment in The Walt Disney Company (NYSE:DIS)

Meridiem Capital Partners LP acquired a new stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 297,223 shares of the entertainment giant's stock, valued at approximately $33,096,000. Walt Disney comprises approximately 2.9% of Meridiem Capital Partners LP's investment portfolio, making the stock its 9th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Czech National Bank grew its position in shares of Walt Disney by 6.3% during the 4th quarter. Czech National Bank now owns 392,648 shares of the entertainment giant's stock valued at $43,721,000 after acquiring an additional 23,251 shares during the period. Aprio Wealth Management LLC grew its holdings in Walt Disney by 2.7% during the fourth quarter. Aprio Wealth Management LLC now owns 10,672 shares of the entertainment giant's stock valued at $1,188,000 after purchasing an additional 279 shares during the period. Winthrop Advisory Group LLC increased its position in Walt Disney by 1.8% in the fourth quarter. Winthrop Advisory Group LLC now owns 14,418 shares of the entertainment giant's stock worth $1,605,000 after buying an additional 253 shares in the last quarter. Fiduciary Alliance LLC raised its stake in shares of Walt Disney by 1.2% in the fourth quarter. Fiduciary Alliance LLC now owns 52,108 shares of the entertainment giant's stock worth $5,802,000 after buying an additional 643 shares during the period. Finally, City State Bank lifted its position in shares of Walt Disney by 5.0% during the 4th quarter. City State Bank now owns 3,040 shares of the entertainment giant's stock valued at $339,000 after buying an additional 144 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the transaction, the executive vice president now owns 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DIS shares. Citigroup reaffirmed a "buy" rating and set a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. Barclays upped their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Rosenblatt Securities reissued a "buy" rating and set a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Morgan Stanley boosted their price objective on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Finally, Loop Capital increased their target price on Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney has an average rating of "Moderate Buy" and a consensus price target of $123.54.

Walt Disney Trading Down 0.8%

NYSE:DIS traded down $0.88 during midday trading on Thursday, hitting $112.06. 8,316,185 shares of the company traded hands, compared to its average volume of 10,023,354. 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's fifty day moving average is $94.14 and its 200-day moving average is $104.49. The firm has a market capitalization of $201.46 billion, a P/E ratio of 36.50, a P/E/G ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $118.63.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.24. The business had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The business's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.21 earnings per share. On average, sell-side analysts predict that The Walt Disney Company will post 5.47 EPS 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.