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

Atria Investments Inc boosted its position in shares of The Walt Disney Company (NYSE:DIS) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing 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 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new position in shares of Walt Disney during the 4th quarter worth $28,000. Tacita Capital Inc lifted its holdings in shares of Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after purchasing an additional 124 shares in the last quarter. Midwest Capital Advisors LLC acquired a new stake in shares of Walt Disney in the fourth quarter valued at approximately $34,000. Bay Harbor Wealth Management LLC purchased a new position in shares of Walt Disney during the 4th quarter worth approximately $35,000. Finally, Hager Investment Management Services LLC acquired a new position in shares of Walt Disney during the 4th quarter worth approximately $43,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Shares of DIS stock opened at $108.87 on Wednesday. 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 company has a market cap of $196.81 billion, a PE ratio of 35.46, a P/E/G ratio of 1.80 and a beta of 1.42. The company’s fifty day simple moving average is $110.63 and its 200-day simple moving average is $103.80. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Tuesday, June 24th will be issued a $0.50 dividend. This represents a yield of 0.6%. The ex-dividend date is Tuesday, June 24th. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio is currently 32.57%.

Analyst Ratings Changes

A number of brokerages have commented on DIS. Guggenheim increased their target price on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Jefferies Financial Group began coverage on Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective for the company. Sanford C. Bernstein upped their target price on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Evercore ISI raised their price target on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective 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. Six investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $125.64.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is 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.