Arrowroot Family Office LLC Buys New Shares in The Walt Disney Company $DIS

Arrowroot Family Office LLC bought a new stake in shares of The Walt Disney Company (NYSE:DIS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,177 shares of the entertainment giant’s stock, valued at approximately $518,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Walt Disney in the first quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. boosted its holdings in Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after buying an additional 94 shares during the period. Harbor Asset Planning Inc. bought a new position in Walt Disney in the 2nd quarter worth $37,000. RMG Wealth Management LLC bought a new position in Walt Disney in the 2nd quarter worth $49,000. Finally, Wealth Preservation Advisors LLC bought a new position in Walt Disney in the 1st quarter worth $53,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Price Performance

DIS stock opened at $111.51 on Wednesday. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The company has a fifty day simple moving average of $113.89 and a two-hundred day simple moving average of $113.47. The firm has a market capitalization of $200.48 billion, a P/E ratio of 17.48, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same quarter last year, the business earned $1.39 earnings per share. Walt Disney’s quarterly revenue was up 2.1% compared to the same quarter last year. Analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DIS. Barclays upped their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Morgan Stanley upped their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. UBS Group upped their target price on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Arete Research upgraded shares of Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. Finally, Raymond James Financial restated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $132.90.

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.