Horizon Wealth Management LLC Sells 138 Shares of The Walt Disney Company $DIS

Horizon Wealth Management LLC cut its position in shares of The Walt Disney Company (NYSE:DIS) by 0.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,096 shares of the entertainment giant’s stock after selling 138 shares during the period. Walt Disney makes up about 0.4% of Horizon Wealth Management LLC’s portfolio, making the stock its 28th biggest holding. Horizon Wealth Management LLC’s holdings in Walt Disney were worth $1,996,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. boosted its stake in Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after buying an additional 94 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney during the first quarter valued at approximately $26,000. Harbor Asset Planning Inc. bought a new position in Walt Disney during the second quarter valued at approximately $37,000. RMG Wealth Management LLC bought a new position in Walt Disney during the second quarter valued at approximately $49,000. Finally, Wolff Wiese Magana LLC boosted its stake in Walt Disney by 41.5% during the second quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock valued at $57,000 after buying an additional 135 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Price Performance

NYSE:DIS opened at $110.21 on Thursday. The firm has a market capitalization of $198.15 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 1.46 and a beta of 1.54. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The business has a 50 day simple moving average of $114.33 and a 200-day simple moving average of $112.49. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the prior year, the business posted $1.39 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DIS shares. UBS Group increased their price target on Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Jefferies Financial Group lowered Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Tuesday, September 23rd. Nineteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.90.

Walt Disney 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.