The Walt Disney Company (NYSE:DIS) Shares Sold by Arrow Financial Corp

Arrow Financial Corp lessened its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 20.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,214 shares of the entertainment giant's stock after selling 6,349 shares during the period. Arrow Financial Corp's holdings in Walt Disney were worth $2,390,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after purchasing an additional 1,904 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Walt Disney in the 4th quarter valued at approximately $65,000. iA Global Asset Management Inc. lifted its holdings in shares of Walt Disney by 8.2% in the 4th quarter. iA Global Asset Management Inc. now owns 4,919 shares of the entertainment giant's stock worth $548,000 after acquiring an additional 373 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Walt Disney by 20.0% in the 4th quarter. American Century Companies Inc. now owns 1,186,639 shares of the entertainment giant's stock valued at $132,133,000 after purchasing an additional 198,096 shares in the last quarter. Finally, Guardian Partners Inc. purchased a new position in shares of Walt Disney in the 4th quarter valued at $3,444,000. Institutional investors own 65.71% of the company's stock.

Walt Disney Stock Down 0.5%

Walt Disney stock traded down $0.61 during mid-day trading on Monday, hitting $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 current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The stock's 50 day moving average price is $117.00 and its two-hundred day moving average price is $106.95. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The company has a market capitalization of $217.19 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 1.78 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The firm had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the prior year, the company posted $1.21 earnings per share. The business's quarterly revenue was up 7.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on DIS. Loop Capital upped their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Citigroup boosted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a research report on Monday, April 21st. Barclays raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Finally, Jefferies Financial Group raised shares of Walt Disney from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $100.00 to $144.00 in a research report on Monday, June 30th. 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 MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $128.13.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president directly owned 46,831 shares in the company, valued at approximately $5,190,748.04. This 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 the SEC website. 0.16% of the stock is currently owned by company insiders.

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.