Atria Wealth Solutions Inc. Decreases Holdings in The Walt Disney Company $DIS

Key Points

• Atria Wealth Solutions Inc. reduced its holdings in The Walt Disney Company ($DIS) by 60.6% in the second quarter, leaving it with 53,470 shares valued at approximately $6.6 million.
• Multiple institutional investors increased their positions in Walt Disney during the same period, with Wealth Architects LLC raising their stake by 8.2% and Sequoia Financial Advisors LLC by 4.5%.
• Walt Disney reported earnings per share of $1.61 for the recent quarter, exceeding analysts' expectations and indicating a 2.1% revenue increase compared to the previous year.

Atria Wealth Solutions Inc. decreased its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 60.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,470 shares of the entertainment giant's stock after selling 82,342 shares during the period. Atria Wealth Solutions Inc.'s holdings in Walt Disney were worth $6,631,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealth Architects LLC lifted its position in Walt Disney by 8.2% during the second quarter. Wealth Architects LLC now owns 3,674 shares of the entertainment giant's stock valued at $456,000 after acquiring an additional 280 shares during the last quarter. Concord Asset Management LLC VA raised its holdings in shares of Walt Disney by 20.1% in the second quarter. Concord Asset Management LLC VA now owns 15,655 shares of the entertainment giant's stock worth $1,941,000 after buying an additional 2,619 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Walt Disney by 4.5% in the second quarter. Sequoia Financial Advisors LLC now owns 108,867 shares of the entertainment giant's stock worth $13,501,000 after buying an additional 4,701 shares during the last quarter. Total Clarity Wealth Management Inc. purchased a new position in shares of Walt Disney in the second quarter worth $225,000. Finally, Vest Financial LLC raised its holdings in shares of Walt Disney by 39.2% in the second quarter. Vest Financial LLC now owns 18,094 shares of the entertainment giant's stock worth $2,244,000 after buying an additional 5,098 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Analyst Ratings Changes

DIS has been the subject of a number of research analyst reports. Guggenheim raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Chardan Capital reaffirmed a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Morgan Stanley raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Stephens reaffirmed a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Barclays raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Nineteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Stock Up 1.0%

NYSE:DIS opened at $110.32 on Tuesday. The firm has a market capitalization of $198.35 billion, a P/E ratio of 17.29, a PEG ratio of 1.43 and a beta of 1.54. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company's fifty day moving average price is $115.18 and its 200-day moving average price is $110.57. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. The firm had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.39 earnings per share. As a group, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

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.

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.