Atria Wealth Solutions Inc. Sells 4,339 Shares of The Walt Disney Company (NYSE:DIS)

Atria Wealth Solutions Inc. cut its stake in The Walt Disney Company (NYSE:DIS) by 2.4% in the fourth quarter, according to the company in 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 quarter. Atria Wealth Solutions Inc.’s holdings in Walt Disney were worth $15,848,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of DIS. Trian Fund Management L.P. grew its position in Walt Disney by 411.6% in the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock valued at $2,663,976,000 after acquiring an additional 26,443,257 shares during the last quarter. First Eagle Investment Management LLC purchased a new position in Walt Disney in the 3rd quarter worth about $326,171,000. International Assets Investment Management LLC lifted its holdings in Walt Disney by 8,681.3% during the 4th quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant’s stock valued at $302,445,000 after buying an additional 3,311,563 shares in the last quarter. Loomis Sayles & Co. L P grew its stake in Walt Disney by 21.0% in the 3rd quarter. Loomis Sayles & Co. L P now owns 14,416,343 shares of the entertainment giant’s stock worth $1,168,444,000 after acquiring an additional 2,505,486 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Walt Disney by 10.6% during the third quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock worth $2,014,861,000 after acquiring an additional 2,384,407 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

Shares of DIS stock traded down $1.80 during mid-day trading on Thursday, hitting $112.12. 3,864,004 shares of the stock were exchanged, compared to its average volume of 11,799,572. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The firm has a fifty day moving average of $114.15 and a 200 day moving average of $99.37. The company has a market cap of $205.66 billion, a PE ratio of 69.18, a price-to-earnings-growth ratio of 1.40 and a beta of 1.42.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating the consensus estimate of $0.97 by $0.25. The company had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. Walt Disney’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the company earned $0.99 earnings per share. Research analysts anticipate that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on DIS shares. Evercore ISI increased their price objective on Walt Disney from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Bank of America lifted their price objective on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a report on Monday, April 1st. Deutsche Bank Aktiengesellschaft cut their target price on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. JPMorgan Chase & Co. started coverage on shares of Walt Disney in a research note on Thursday, April 11th. They set an “overweight” rating and a $140.00 price objective on the stock. Finally, Rosenblatt Securities boosted their price objective on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.08.

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.