20,000 Shares in Walt Disney Co (DIS) Acquired by Meru Capital Group LP
Meru Capital Group LP acquired a new position in shares of Walt Disney Co (NYSE:DIS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 20,000 shares of the entertainment giant’s stock, valued at approximately $2,084,000. Walt Disney comprises 0.6% of Meru Capital Group LP’s holdings, making the stock its 27th largest position.
Several other hedge funds and other institutional investors have also recently made changes to their positions in DIS. State Street Corp increased its stake in shares of Walt Disney by 3.3% in the fourth quarter. State Street Corp now owns 67,283,818 shares of the entertainment giant’s stock worth $7,013,903,000 after buying an additional 2,122,112 shares during the last quarter. FMR LLC increased its stake in shares of Walt Disney by 11.7% in the fourth quarter. FMR LLC now owns 34,148,450 shares of the entertainment giant’s stock worth $3,558,951,000 after buying an additional 3,579,822 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of Walt Disney by 2.3% in the third quarter. BlackRock Fund Advisors now owns 18,485,186 shares of the entertainment giant’s stock worth $1,716,534,000 after buying an additional 422,011 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Walt Disney by 0.6% in the third quarter. Fisher Asset Management LLC now owns 8,722,317 shares of the entertainment giant’s stock worth $809,954,000 after buying an additional 48,266 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Walt Disney by 149.1% in the third quarter. Nordea Investment Management AB now owns 5,372,709 shares of the entertainment giant’s stock worth $498,910,000 after buying an additional 3,216,153 shares during the last quarter. 58.65% of the stock is currently owned by institutional investors and hedge funds.
Shares of Walt Disney Co (NYSE:DIS) traded down 0.362% during trading on Friday, reaching $114.375. The company had a trading volume of 4,976,621 shares. The stock has a market capitalization of $180.86 billion, a price-to-earnings ratio of 20.645 and a beta of 1.25. Walt Disney Co has a 52-week low of $90.32 and a 52-week high of $115.12. The stock has a 50 day moving average of $112.40 and a 200 day moving average of $104.65.
Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, February 7th. The entertainment giant reported $1.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.48 by $0.07. The business earned $14.78 billion during the quarter, compared to the consensus estimate of $15.30 billion. Walt Disney had a net margin of 16.29% and a return on equity of 19.43%. Walt Disney’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.63 earnings per share. Equities research analysts forecast that Walt Disney Co will post $5.95 EPS for the current year.
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A number of equities analysts have issued reports on DIS shares. Royal Bank of Canada upgraded Walt Disney from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $101.00 to $130.00 in a research report on Thursday, January 5th. Vetr upgraded Walt Disney from a “hold” rating to a “buy” rating and set a $112.99 price target on the stock in a research report on Thursday, January 12th. Deutsche Bank AG reiterated a “buy” rating and set a $112.00 price target on shares of Walt Disney in a research report on Wednesday, February 8th. Piper Jaffray Companies set a $130.00 target price on Walt Disney and gave the company a “buy” rating in a report on Friday, January 27th. Finally, Morgan Stanley raised Walt Disney from an “equal weight” rating to an “overweight” rating and set a $124.00 target price for the company in a report on Monday, January 30th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $116.57.
In related news, EVP Brent Woodford sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 18th. The shares were sold at an average price of $114.50, for a total transaction of $229,000.00. Following the completion of the sale, the executive vice president now directly owns 27,745 shares of the company’s stock, valued at $3,176,802.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 13.00% of the company’s stock.
Walt Disney Company Profile
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
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