German American Bancorp Inc. Purchases 3,828 Shares of The Walt Disney Company (NYSE:DIS)

German American Bancorp Inc. lifted its holdings in The Walt Disney Company (NYSE:DIS) by 11.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 37,921 shares of the entertainment giant’s stock after acquiring an additional 3,828 shares during the quarter. German American Bancorp Inc.’s holdings in Walt Disney were worth $3,648,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. William B. Walkup & Associates Inc. bought a new position in shares of Walt Disney in the second quarter worth approximately $32,000. Mascoma Wealth Management LLC boosted its holdings in shares of Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after purchasing an additional 122 shares during the period. First PREMIER Bank grew its stake in shares of Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 256 shares during the last quarter. Iron Horse Wealth Management LLC increased its holdings in Walt Disney by 148.7% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock valued at $55,000 after purchasing an additional 333 shares during the period. Finally, Livelsberger Financial Advisory purchased a new position in Walt Disney during the 3rd quarter valued at about $57,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of recent analyst reports. UBS Group cut their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. dropped their price target 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. Needham & Company LLC boosted their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Guggenheim upped their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, TD Cowen upped their price target on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $123.83.

Walt Disney Price Performance

NYSE DIS opened at $114.27 on Thursday. The stock has a market capitalization of $206.94 billion, a price-to-earnings ratio of 42.17, a PEG ratio of 2.09 and a beta of 1.40. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The business’s fifty day moving average price is $97.07 and its 200-day moving average price is $96.72.

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.