MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $249,000 Holdings in The Walt Disney Company (NYSE:DIS)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 38.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,591 shares of the entertainment giant’s stock after acquiring an additional 718 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Walt Disney were worth $249,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DIS. Mcdonald Partners LLC increased its stake in shares of Walt Disney by 0.5% in the first quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock valued at $2,199,000 after buying an additional 88 shares in the last quarter. Sendero Wealth Management LLC increased its position in Walt Disney by 2.0% in the first quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock worth $569,000 after purchasing an additional 89 shares during the period. Pflug Koory LLC lifted its position in Walt Disney by 1.0% during the 1st quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock valued at $1,100,000 after purchasing an additional 91 shares during the period. Regent Peak Wealth Advisors LLC boosted its stake in shares of Walt Disney by 3.5% in the 1st quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock valued at $343,000 after purchasing an additional 94 shares during the last quarter. Finally, McLean Asset Management Corp raised its stake in shares of Walt Disney by 3.2% during the first quarter. McLean Asset Management Corp now owns 3,137 shares of the entertainment giant’s stock worth $370,000 after buying an additional 96 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

NYSE:DIS opened at $94.97 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The stock’s 50-day simple moving average is $90.99 and its 200 day simple moving average is $99.46. The company has a market cap of $173.13 billion, a P/E ratio of 103.23, a P/E/G ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a 52-week low of $79.23 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 earnings per share. As a group, sell-side analysts forecast that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DIS shares. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 target price on shares of Walt Disney in a report on Thursday, September 26th. JPMorgan Chase & Co. decreased their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Barclays cut their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Wells Fargo & Company reduced their price target on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Raymond James restated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Four analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $119.20.

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.