The Walt Disney Company (NYSE:DIS) Shares Bought by German American Bancorp Inc.

German American Bancorp Inc. lifted its holdings in The Walt Disney Company (NYSE:DIS) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,588 shares of the entertainment giant’s stock after buying an additional 667 shares during the period. German American Bancorp Inc.’s holdings in Walt Disney were worth $4,297,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Renaissance Technologies LLC lifted its position in Walt Disney by 39.4% in the fourth quarter. Renaissance Technologies LLC now owns 1,538,334 shares of the entertainment giant’s stock valued at $171,293,000 after buying an additional 434,425 shares during the last quarter. Shelton Capital Management raised its holdings in Walt Disney by 27.5% in the fourth quarter. Shelton Capital Management now owns 119,643 shares of the entertainment giant’s stock valued at $13,322,000 after acquiring an additional 25,808 shares in the last quarter. FIL Ltd lifted its position in shares of Walt Disney by 10.4% during the 4th quarter. FIL Ltd now owns 4,559,016 shares of the entertainment giant’s stock worth $507,646,000 after purchasing an additional 430,346 shares during the last quarter. Canopy Partners LLC acquired a new position in shares of Walt Disney during the 4th quarter worth about $203,000. Finally, Twin Capital Management Inc. increased its stake in Walt Disney by 4.9% in the fourth quarter. Twin Capital Management Inc. now owns 33,796 shares of the entertainment giant’s stock valued at $3,763,000 after purchasing an additional 1,570 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on DIS shares. Loop Capital upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Morgan Stanley upped their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. The Goldman Sachs Group raised their price target on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and upped their price objective for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Finally, Rosenblatt Securities restated a “buy” rating and set a $135.00 target price on shares of Walt Disney in a research report on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $125.33.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $83.23 on Tuesday. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $118.63. The company has a market cap of $150.46 billion, a P/E ratio of 27.11, a P/E/G ratio of 1.80 and a beta of 1.44. The business’s 50 day moving average is $105.08 and its two-hundred day moving average is $105.21. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, equities analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Company 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.