Atria Wealth Solutions Inc. Cuts Stock Position in The Walt Disney Company (NYSE:DIS)

Atria Wealth Solutions Inc. decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 175,392 shares of the entertainment giant’s stock after selling 4,339 shares during the period. Atria Wealth Solutions Inc.’s holdings in Walt Disney were worth $15,848,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Royal Fund Management LLC grew its stake in Walt Disney by 9.9% during the 3rd quarter. Royal Fund Management LLC now owns 4,767 shares of the entertainment giant’s stock valued at $386,000 after purchasing an additional 431 shares during the last quarter. Rheos Capital Works Inc. increased its holdings in Walt Disney by 14.5% in the 3rd quarter. Rheos Capital Works Inc. now owns 114,500 shares of the entertainment giant’s stock worth $9,280,000 after buying an additional 14,500 shares during the period. Meridian Wealth Management LLC raised its position in Walt Disney by 37.8% during the 3rd quarter. Meridian Wealth Management LLC now owns 46,930 shares of the entertainment giant’s stock worth $3,804,000 after buying an additional 12,875 shares during the last quarter. S.E.E.D. Planning Group LLC lifted its stake in Walt Disney by 7.6% during the 3rd quarter. S.E.E.D. Planning Group LLC now owns 5,468 shares of the entertainment giant’s stock valued at $443,000 after acquiring an additional 385 shares during the period. Finally, B.O.S.S. Retirement Advisors LLC raised its holdings in shares of Walt Disney by 12.6% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 18,883 shares of the entertainment giant’s stock worth $1,530,000 after purchasing an additional 2,114 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on DIS shares. Raymond James raised their target price on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. Daiwa Capital Markets restated a “buy” rating and set a $133.00 price target on shares of Walt Disney in a research report on Monday, April 1st. Argus upped their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Finally, UBS Group upped their price target on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.08.

Walt Disney Trading Down 1.6 %

Shares of DIS traded down $1.80 during midday trading on Thursday, hitting $112.12. The stock had a trading volume of 3,864,004 shares, compared to its average volume of 11,799,572. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The business has a 50-day simple moving average of $114.15 and a two-hundred day simple moving average of $99.37. The firm has a market cap of $205.66 billion, a P/E ratio of 69.18, a price-to-earnings-growth ratio of 1.40 and a beta of 1.42.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. The firm had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.99 earnings per share. As a group, equities analysts forecast that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be issued a $0.45 dividend. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio is currently 18.52%.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

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.