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The Walt Disney Company (NYSE:DIS) Shares Sold by Atria Wealth Solutions Inc.

Walt Disney logo with Consumer Discretionary background

Key Points

  • Atria Wealth Solutions Inc. reduced its stake in The Walt Disney Company by 3.5% in the first quarter, holding 135,812 shares valued at approximately $13.4 million.
  • Several analysts upgraded their target prices for Walt Disney, with UBS Group and Morgan Stanley setting new targets at $138.00 and $140.00, respectively, indicating a general sentiment of "buy" among analysts.
  • Walt Disney reported strong quarterly earnings, with earnings per share of $1.45, exceeding estimates and a revenue of $23.62 billion, highlighting a 7% increase compared to the same period last year.
  • MarketBeat previews the top five stocks to own by September 1st.

Atria Wealth Solutions Inc. lessened its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 135,812 shares of the entertainment giant's stock after selling 4,950 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Walt Disney were worth $13,405,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Waterloo Capital L.P. grew its position in shares of Walt Disney by 3.2% in the fourth quarter. Waterloo Capital L.P. now owns 3,138 shares of the entertainment giant's stock valued at $349,000 after purchasing an additional 97 shares during the period. Acorns Advisers LLC grew its position in shares of Walt Disney by 2.6% in the fourth quarter. Acorns Advisers LLC now owns 3,826 shares of the entertainment giant's stock valued at $426,000 after purchasing an additional 98 shares during the period. Clearstead Trust LLC grew its position in shares of Walt Disney by 0.6% in the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock valued at $1,629,000 after purchasing an additional 99 shares during the period. Allegheny Financial Group grew its position in shares of Walt Disney by 2.3% in the fourth quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock valued at $515,000 after purchasing an additional 106 shares during the period. Finally, Resonant Capital Advisors LLC grew its position in shares of Walt Disney by 0.4% in the first quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock valued at $2,578,000 after purchasing an additional 113 shares during the period. Institutional investors and hedge funds own 65.71% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on DIS shares. UBS Group lifted their target price on shares of Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Morgan Stanley boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday. JPMorgan Chase & Co. boosted their price target on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a research report on Monday, April 21st. Finally, Citigroup boosted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $129.83.

View Our Latest Analysis on Walt Disney

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president directly owned 46,831 shares in the company, valued at $5,190,748.04. This represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.16% of the stock is currently owned by insiders.

Walt Disney Price Performance

Shares of NYSE DIS opened at $118.67 on Wednesday. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The stock has a market cap of $213.34 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 1.75 and a beta of 1.56. The company's 50-day moving average price is $119.08 and its 200 day moving average price is $107.89. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The company had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. During the same period last year, the company earned $1.21 EPS. The firm's revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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.

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