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

Arrow Financial Corp lowered its stake in Walt Disney Company (The) (NYSE:DIS) by 34.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,233 shares of the entertainment giant’s stock after selling 16,160 shares during the quarter. Arrow Financial Corp’s holdings in Walt Disney Company (The) were worth $3,318,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Harwood Advisory Group LLC boosted its holdings in Walt Disney Company (The) by 0.6% during the 2nd quarter. Harwood Advisory Group LLC now owns 2,071 shares of the entertainment giant’s stock worth $220,000 after acquiring an additional 12 shares during the last quarter. HM Capital Management LLC boosted its holdings in Walt Disney Company (The) by 0.5% during the 1st quarter. HM Capital Management LLC now owns 2,690 shares of the entertainment giant’s stock worth $305,000 after acquiring an additional 14 shares during the last quarter. Barton Investment Management boosted its holdings in Walt Disney Company (The) by 0.3% during the 1st quarter. Barton Investment Management now owns 7,732 shares of the entertainment giant’s stock worth $876,000 after acquiring an additional 20 shares during the last quarter. Ipswich Investment Management Co. Inc. boosted its holdings in Walt Disney Company (The) by 0.3% during the 2nd quarter. Ipswich Investment Management Co. Inc. now owns 8,320 shares of the entertainment giant’s stock worth $884,000 after acquiring an additional 25 shares during the last quarter. Finally, Youngs Advisory Group Inc. boosted its holdings in Walt Disney Company (The) by 0.5% during the 2nd quarter. Youngs Advisory Group Inc. now owns 5,797 shares of the entertainment giant’s stock worth $616,000 after acquiring an additional 30 shares during the last quarter. Institutional investors own 61.38% of the company’s stock.

Shares of Walt Disney Company (NYSE:DIS) opened at 98.29 on Wednesday. The stock has a market capitalization of $151.71 billion, a PE ratio of 17.43 and a beta of 1.40. The company’s 50 day moving average price is $98.84 and its 200 day moving average price is $105.06. Walt Disney Company has a 52-week low of $90.60 and a 52-week high of $116.10.

Walt Disney Company (The) (NYSE:DIS) last announced its earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a return on equity of 19.69% and a net margin of 16.22%. The company had revenue of $14.24 billion for the quarter, compared to analyst estimates of $14.44 billion. During the same period in the prior year, the company posted $1.62 EPS. The firm’s quarterly revenue was down .3% compared to the same quarter last year. On average, equities research analysts anticipate that Walt Disney Company will post $5.78 EPS for the current year.

A number of research firms have issued reports on DIS. BMO Capital Markets reaffirmed an “underperform” rating and set a $90.00 price objective (down from $95.00) on shares of Walt Disney Company (The) in a report on Thursday, August 10th. FBR & Co reissued a “hold” rating and issued a $97.00 price target on shares of Walt Disney Company (The) in a report on Friday, September 8th. Credit Suisse Group reissued an “outperform” rating and issued a $125.00 price target on shares of Walt Disney Company (The) in a report on Tuesday, July 25th. Guggenheim reissued a “buy” rating and issued a $122.00 price target (down from $128.00) on shares of Walt Disney Company (The) in a report on Wednesday, July 12th. Finally, BidaskClub downgraded shares of Walt Disney Company (The) from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $113.85.

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In other Walt Disney Company (The) news, Director Maria Elena Lagomasino bought 976 shares of Walt Disney Company (The) stock in a transaction that occurred on Thursday, August 10th. The shares were bought at an average cost of $102.34 per share, with a total value of $99,883.84. Following the transaction, the director now directly owns 7,513 shares of the company’s stock, valued at approximately $768,880.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 13.00% of the company’s stock.

Walt Disney Company (The) Company Profile

The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.

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Institutional Ownership by Quarter for Walt Disney Company (The) (NYSE:DIS)

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