297,223 Shares in The Walt Disney Company (NYSE:DIS) Acquired by Meridiem Capital Partners LP

Meridiem Capital Partners LP purchased a new position in The Walt Disney Company (NYSE:DIS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 297,223 shares of the entertainment giant’s stock, valued at approximately $33,096,000. Walt Disney accounts for about 2.9% of Meridiem Capital Partners LP’s investment portfolio, making the stock its 9th biggest position.

A number of other hedge funds also recently modified their holdings of DIS. Minot DeBlois Advisors LLC bought a new stake in Walt Disney during the 4th quarter valued at $1,396,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Walt Disney by 1.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 216,293 shares of the entertainment giant’s stock worth $24,084,000 after purchasing an additional 3,380 shares during the period. MJP Associates Inc. ADV increased its holdings in shares of Walt Disney by 10.4% in the fourth quarter. MJP Associates Inc. ADV now owns 7,306 shares of the entertainment giant’s stock worth $813,000 after purchasing an additional 687 shares during the period. Moore Capital Management LP bought a new position in shares of Walt Disney in the fourth quarter worth $6,075,000. Finally, Lazard Asset Management LLC increased its holdings in shares of Walt Disney by 20.0% in the fourth quarter. Lazard Asset Management LLC now owns 71,001 shares of the entertainment giant’s stock worth $7,905,000 after purchasing an additional 11,837 shares during the period. Institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

DIS has been the subject of several research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a research report on Monday, February 10th. Citigroup reiterated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. UBS Group upped their target price on shares of Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Morgan Stanley upped their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Finally, 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 research report on Thursday, May 8th. Six investment 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.54.

Walt Disney Price Performance

DIS stock opened at $110.51 on Tuesday. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $118.63. The company has a market cap of $199.79 billion, a P/E ratio of 36.00, a PEG ratio of 1.80 and a beta of 1.49. The firm has a 50-day moving average of $93.89 and a 200 day moving average of $104.32. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The company had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same period in the prior year, the firm earned $1.21 earnings per share. Walt Disney’s revenue was up 7.0% on a year-over-year basis. On average, sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

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.