Arrow Financial Corp Has $2.99 Million Holdings in The Walt Disney Company (NYSE:DIS)

Arrow Financial Corp decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 4.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,074 shares of the entertainment giant’s stock after selling 1,438 shares during the quarter. Arrow Financial Corp’s holdings in Walt Disney were worth $2,989,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Transcendent Capital Group LLC raised its position in Walt Disney by 1.4% during the 1st quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant’s stock worth $968,000 after purchasing an additional 108 shares during the last quarter. ADE LLC raised its position in shares of Walt Disney by 4.6% during the second quarter. ADE LLC now owns 2,509 shares of the entertainment giant’s stock worth $249,000 after acquiring an additional 110 shares during the last quarter. Cozad Asset Management Inc. lifted its stake in shares of Walt Disney by 1.9% in the third quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant’s stock worth $579,000 after acquiring an additional 110 shares during the period. Absher Wealth Management LLC boosted its holdings in Walt Disney by 0.8% in the third quarter. Absher Wealth Management LLC now owns 14,141 shares of the entertainment giant’s stock valued at $1,360,000 after acquiring an additional 111 shares during the last quarter. Finally, Archford Capital Strategies LLC increased its position in Walt Disney by 2.3% during the 2nd quarter. Archford Capital Strategies LLC now owns 4,966 shares of the entertainment giant’s stock valued at $493,000 after purchasing an additional 112 shares during the period. Institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Bank of America dropped their price target on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. UBS Group dropped their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Barclays cut their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Piper Sandler started coverage on Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price for the company. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $118.05.

Walt Disney Trading Up 0.1 %

NYSE:DIS opened at $99.02 on Friday. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The company has a market cap of $179.58 billion, a PE ratio of 38.08, a PEG ratio of 1.57 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The firm has a 50-day moving average of $93.90 and a 200-day moving average of $97.05.

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

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.