Meridian Wealth Partners LLC Makes New $231,000 Investment in The Walt Disney Company (NYSE:DIS)

Meridian Wealth Partners LLC purchased a new position in shares of The Walt Disney Company (NYSE:DIS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,073 shares of the entertainment giant’s stock, valued at approximately $231,000.

A number of other large investors also recently added to or reduced their stakes in the company. Stevens Capital Management LP acquired a new position in Walt Disney during the fourth quarter worth $1,167,000. LPL Financial LLC raised its stake in shares of Walt Disney by 4.9% in the fourth quarter. LPL Financial LLC now owns 1,911,722 shares of the entertainment giant’s stock valued at $212,870,000 after acquiring an additional 89,796 shares in the last quarter. M Holdings Securities Inc. acquired a new stake in shares of Walt Disney in the fourth quarter valued at $243,000. Banco de Sabadell S.A raised its stake in shares of Walt Disney by 1.2% in the fourth quarter. Banco de Sabadell S.A now owns 15,209 shares of the entertainment giant’s stock valued at $1,688,000 after acquiring an additional 181 shares in the last quarter. Finally, Blueprint Investment Partners LLC acquired a new stake in shares of Walt Disney in the fourth quarter valued at $771,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and increased their price objective for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Citigroup reiterated a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Wednesday, January 22nd. The Goldman Sachs Group increased their price objective on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Macquarie restated a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a research note on Monday, January 6th. Finally, Jefferies Financial Group initiated coverage on Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price target on the stock. Six research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.64.

Walt Disney Stock Performance

NYSE DIS opened at $99.51 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The business’s 50-day moving average price is $108.04 and its 200 day moving average price is $104.67. The firm has a market cap of $179.89 billion, a P/E ratio of 32.41, a P/E/G ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. On average, equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share 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.