The Walt Disney Company (NYSE:DIS) Shares Acquired by Horizon Investment Services LLC

Horizon Investment Services LLC increased its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 132.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,447 shares of the entertainment giant's stock after purchasing an additional 15,066 shares during the quarter. Walt Disney comprises about 1.3% of Horizon Investment Services LLC's portfolio, making the stock its 29th biggest holding. Horizon Investment Services LLC's holdings in Walt Disney were worth $2,610,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after buying an additional 1,904 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Walt Disney during the 4th quarter worth approximately $65,000. iA Global Asset Management Inc. increased its position in shares of Walt Disney by 8.2% during the 4th quarter. iA Global Asset Management Inc. now owns 4,919 shares of the entertainment giant's stock worth $548,000 after purchasing an additional 373 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Walt Disney by 20.0% during the 4th quarter. American Century Companies Inc. now owns 1,186,639 shares of the entertainment giant's stock worth $132,133,000 after acquiring an additional 198,096 shares during the last quarter. Finally, Guardian Partners Inc. acquired a new position in Walt Disney in the 4th quarter valued at $3,444,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the transaction, the executive vice president owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.16% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on DIS. UBS Group raised their target price on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Citigroup raised their price objective on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Loop Capital lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Wall Street Zen cut shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Finally, Guggenheim increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $128.13.

Walt Disney Price Performance

Shares of NYSE DIS traded down $0.61 during trading on Monday, reaching $120.81. The company had a trading volume of 6,389,503 shares, compared to its average volume of 9,993,792. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The stock has a market cap of $217.19 billion, a PE ratio of 24.71, a PEG ratio of 1.78 and a beta of 1.56. The business's 50 day moving average price is $117.00 and its 200-day moving average price is $106.95. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The firm had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same period last year, the firm earned $1.21 EPS. The business's quarterly revenue was up 7.0% compared to the same quarter last year. Analysts expect that The Walt Disney Company will post 5.47 earnings per share 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.