Horizon Investment Services LLC Purchases New Stake in The Walt Disney Company (NYSE:DIS)

Horizon Investment Services LLC bought a new stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 11,381 shares of the entertainment giant's stock, valued at approximately $1,267,000.

A number of other large investors have also recently bought and sold shares of the stock. DnB Asset Management AS lifted its stake in shares of Walt Disney by 4.7% during the fourth quarter. DnB Asset Management AS now owns 330,011 shares of the entertainment giant's stock valued at $36,747,000 after buying an additional 14,713 shares during the period. Alerus Financial NA raised its holdings in Walt Disney by 3.0% in the 4th quarter. Alerus Financial NA now owns 32,139 shares of the entertainment giant's stock valued at $3,579,000 after acquiring an additional 934 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of Walt Disney by 2.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,626,483 shares of the entertainment giant's stock worth $181,109,000 after purchasing an additional 42,554 shares during the period. Broadway Wealth Solutions Inc. acquired a new stake in shares of Walt Disney during the fourth quarter worth $333,000. Finally, New Age Alpha Advisors LLC grew its position in shares of Walt Disney by 30,487.1% in the fourth quarter. New Age Alpha Advisors LLC now owns 25,999 shares of the entertainment giant's stock valued at $2,895,000 after purchasing an additional 25,914 shares during the period. Institutional investors and hedge funds own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Citigroup reiterated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Redburn Atlantic raised shares of Walt Disney from a "neutral" rating to a "buy" rating and raised their target price for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Prescient Securities dropped their price target on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Jefferies Financial Group assumed coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They set a "hold" rating and a $120.00 price target on the stock. Finally, Rosenblatt Securities reissued a "buy" rating and set a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Six analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Walt Disney has an average rating of "Moderate Buy" and a consensus target price of $125.64.

Walt Disney Stock Down 0.8 %

Shares of DIS traded down $0.78 during trading on Tuesday, reaching $97.92. The company's stock had a trading volume of 3,069,499 shares, compared to its average volume of 8,805,810. The company has a market cap of $177.01 billion, a price-to-earnings ratio of 31.89, a P/E/G ratio of 1.80 and a beta of 1.41. 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 company has a fifty day moving average of $107.14 and a two-hundred day moving average of $105.26. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.69.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (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, sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal 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.