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

Atria Wealth Solutions Inc. decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,762 shares of the entertainment giant’s stock after selling 11,179 shares during the period. Atria Wealth Solutions Inc.’s holdings in Walt Disney were worth $15,691,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Concurrent Investment Advisors LLC grew its stake in Walt Disney by 8.4% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock worth $6,420,000 after purchasing an additional 5,184 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Walt Disney by 1.1% in the third 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 acquiring an additional 114,701 shares in the last quarter. Brookstone Capital Management increased its position in Walt Disney by 10.5% during the fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock worth $15,687,000 after buying an additional 13,339 shares during the period. Summit Global Investments raised its position in Walt Disney by 476.0% in the 3rd quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock valued at $1,191,000 after purchasing an additional 10,230 shares during the last quarter. Finally, Avanza Fonder AB purchased a new stake in shares of Walt Disney in the fourth quarter valued at about $15,125,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DIS shares. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Prescient Securities dropped their target price on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Guggenheim raised their price target on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Macquarie reaffirmed a “neutral” rating and set a $110.00 price objective on shares of Walt Disney in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $125.85.

Insider Buying and Selling

In related news, CEO Robert A. Iger sold 372,412 shares of the firm’s 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 directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Brent Woodford sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 385,412 shares of company stock valued at $44,153,263. 0.16% of the stock is currently owned by company insiders.

Walt Disney Stock Up 0.7 %

Shares of NYSE DIS opened at $110.31 on Tuesday. The firm’s 50 day moving average price is $111.14 and its 200 day moving average price is $101.90. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.67 and a current ratio of 0.68. The firm has a market cap of $199.42 billion, a P/E ratio of 35.93, a price-to-earnings-growth ratio of 1.95 and a beta of 1.42. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. As a group, sell-side analysts anticipate that The Walt Disney Company will post 5.43 earnings per share for the current year.

Walt Disney Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. Walt Disney’s payout ratio is currently 32.57%.

About Walt Disney

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.