Atria Investments Inc Grows Stock Position in The Walt Disney Company (NYSE:DIS)

Atria Investments Inc increased its position in shares of The Walt Disney Company (NYSE:DIS) by 5.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 159,643 shares of the entertainment giant’s stock after purchasing an additional 8,024 shares during the quarter. Atria Investments Inc’s holdings in Walt Disney were worth $17,776,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Intact Investment Management Inc. raised its holdings in Walt Disney by 22.3% in the 3rd quarter. Intact Investment Management Inc. now owns 9,330 shares of the entertainment giant’s stock valued at $897,000 after acquiring an additional 1,700 shares during the last quarter. QRG Capital Management Inc. grew its position in shares of Walt Disney by 0.3% in the third quarter. QRG Capital Management Inc. now owns 141,539 shares of the entertainment giant’s stock valued at $13,615,000 after purchasing an additional 376 shares in the last quarter. Impax Asset Management Group plc increased its holdings in shares of Walt Disney by 4.5% in the third quarter. Impax Asset Management Group plc now owns 644,017 shares of the entertainment giant’s stock valued at $61,948,000 after purchasing an additional 27,806 shares during the last quarter. Rational Advisors LLC lifted its position in Walt Disney by 481.0% during the third quarter. Rational Advisors LLC now owns 14,200 shares of the entertainment giant’s stock worth $1,366,000 after buying an additional 11,756 shares in the last quarter. Finally, Catalyst Capital Advisors LLC boosted its stake in Walt Disney by 51.9% during the third quarter. Catalyst Capital Advisors LLC now owns 11,567 shares of the entertainment giant’s stock worth $1,113,000 after buying an additional 3,950 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Trading Down 3.5 %

Shares of DIS stock opened at $108.87 on Wednesday. The company has a market capitalization of $196.81 billion, a P/E ratio of 35.46, a price-to-earnings-growth ratio of 1.80 and a beta of 1.42. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $110.63 and its two-hundred day moving average is $103.80. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, July 23rd. Investors of record on Tuesday, June 24th will be issued a dividend of $0.50 per share. This represents a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 24th. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio is currently 32.57%.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the sale, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

DIS has been the subject of a number of recent research reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Bank of America raised their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Wells Fargo & Company upped their price objective on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Evercore ISI upped their price target on Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Six investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.64.

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.