Horizon Investment Services LLC Takes $1.27 Million Position in The Walt Disney Company (NYSE:DIS)

Horizon Investment Services LLC acquired a new position in The Walt Disney Company (NYSE:DIS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,381 shares of the entertainment giant’s stock, valued at approximately $1,267,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DIS. DnB Asset Management AS grew its position in shares of Walt Disney by 4.7% in the fourth quarter. DnB Asset Management AS now owns 330,011 shares of the entertainment giant’s stock valued at $36,747,000 after purchasing an additional 14,713 shares in the last quarter. Alerus Financial NA increased its position in shares of Walt Disney by 3.0% during the fourth quarter. Alerus Financial NA now owns 32,139 shares of the entertainment giant’s stock valued at $3,579,000 after buying an additional 934 shares during the period. Pictet Asset Management Holding SA boosted its position in shares of Walt Disney by 2.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,626,483 shares of the entertainment giant’s stock valued at $181,109,000 after acquiring an additional 42,554 shares during the period. Broadway Wealth Solutions Inc. purchased a new position in Walt Disney during the fourth quarter valued at approximately $333,000. Finally, New Age Alpha Advisors LLC increased its holdings in Walt Disney by 30,487.1% during the 4th quarter. New Age Alpha Advisors LLC now owns 25,999 shares of the entertainment giant’s stock worth $2,895,000 after acquiring an additional 25,914 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Price Performance

Shares of NYSE DIS opened at $98.02 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.69. The company’s 50-day moving average is $107.31 and its 200 day moving average is $104.96. The stock has a market capitalization of $177.19 billion, a P/E ratio of 31.93, a P/E/G ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DIS. Macquarie restated a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Loop Capital raised their price target on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Morgan Stanley boosted their price objective on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. The Goldman Sachs Group raised their target price on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group began coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price target for the company. Six investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $125.64.

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.