Arrowroot Family Office LLC Has $471,000 Stake in The Walt Disney Company (NYSE:DIS)

Arrowroot Family Office LLC reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 37.6% in the third quarter, HoldingsChannel.com reports. The fund owned 4,893 shares of the entertainment giant’s stock after selling 2,948 shares during the quarter. Arrowroot Family Office LLC’s holdings in Walt Disney were worth $471,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC increased its holdings in Walt Disney by 8.7% in the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock worth $3,310,539,000 after purchasing an additional 2,765,389 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Walt Disney by 10.8% in the second quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock valued at $1,477,831,000 after purchasing an additional 1,449,730 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Walt Disney by 3.1% during the second quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock valued at $1,417,958,000 after purchasing an additional 425,438 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Walt Disney by 3.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,850,678 shares of the entertainment giant’s stock valued at $1,332,297,000 after buying an additional 454,678 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Walt Disney by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant’s stock valued at $1,001,454,000 after buying an additional 114,701 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $117.47 on Monday. The firm has a market capitalization of $212.73 billion, a PE ratio of 43.35, a P/E/G ratio of 2.18 and a beta of 1.40. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $100.46 and a two-hundred day moving average price of $97.17. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74.

Insider Buying and Selling

In related news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,005,529.10. The trade was a 10.19 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

DIS has been the subject of a number of research reports. Needham & Company LLC raised their price objective on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Barclays decreased their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Loop Capital raised their target price on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, November 15th. Guggenheim upped their price target on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Evercore ISI raised their price objective on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $123.83.

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.