Arrow Financial Corp Cuts Holdings in The Walt Disney Company (NYSE:DIS)

Arrow Financial Corp decreased its position in The Walt Disney Company (NYSE:DIS) by 4.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 31,074 shares of the entertainment giant’s stock after selling 1,438 shares during the period. Arrow Financial Corp’s holdings in Walt Disney were worth $2,989,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. ESL Trust Services LLC bought a new stake in Walt Disney during the first quarter worth $31,000. William B. Walkup & Associates Inc. bought a new stake in shares of Walt Disney during the 2nd quarter worth $32,000. Mascoma Wealth Management LLC raised its stake in shares of Walt Disney by 38.0% during the 2nd 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 position in Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after buying an additional 256 shares during the period. Finally, Iron Horse Wealth Management LLC increased its holdings in Walt Disney by 148.7% during the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock worth $55,000 after buying an additional 333 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of NYSE DIS opened at $99.02 on Friday. The stock’s 50-day simple moving average is $93.90 and its two-hundred day simple moving average is $97.05. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The firm has a market capitalization of $179.58 billion, a P/E ratio of 38.08, a P/E/G ratio of 1.57 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter in the previous year, the company earned $1.03 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts anticipate that The Walt Disney Company will post 4.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DIS shares. JPMorgan Chase & Co. dropped their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Bank of America lowered their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and set a $110.00 price target on shares of Walt Disney in a research note on Wednesday, October 23rd. Barclays lowered their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Loop Capital cut their target price on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus price target of $118.05.

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.