The Walt Disney Company (NYSE:DIS) Shares Acquired by Atria Investments Inc

Atria Investments Inc raised its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 5.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 151,619 shares of the entertainment giant's stock after acquiring an additional 7,594 shares during the period. Atria Investments Inc's holdings in Walt Disney were worth $14,584,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of DIS. Vanguard Group Inc. lifted its holdings in shares of Walt Disney by 1.5% during the first quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant's stock valued at $18,815,185,000 after purchasing an additional 2,325,582 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Walt Disney by 10.8% in the second quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant's stock worth $1,477,831,000 after buying an additional 1,449,730 shares during the period. Legal & General Group Plc raised its stake in Walt Disney by 3.1% during the 2nd quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant's stock worth $1,417,958,000 after acquiring an additional 425,438 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Walt Disney by 2.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant's stock valued at $1,473,252,000 after purchasing an additional 293,482 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Walt Disney by 1.0% in the second quarter. Ameriprise Financial Inc. now owns 9,953,903 shares of the entertainment giant's stock worth $988,290,000 after purchasing an additional 102,210 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DIS. Bank of America dropped their target price on Walt Disney from $145.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Loop Capital reduced their price objective on shares of Walt Disney from $139.00 to $130.00 and set a "buy" rating on the stock in a research report on Tuesday, July 30th. Piper Sandler assumed coverage on Walt Disney in a research report on Wednesday, October 16th. They set a "neutral" rating and a $95.00 target price for the company. Evercore ISI reduced their price target on Walt Disney from $128.00 to $105.00 and set an "outperform" rating on the stock in a report on Thursday, August 8th. Finally, Morgan Stanley dropped their price objective on Walt Disney from $130.00 to $110.00 and set an "overweight" rating for the company in a report on Monday, August 5th. Five analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Walt Disney presently has a consensus rating of "Moderate Buy" and a consensus target price of $118.05.

Walt Disney Price Performance

Walt Disney stock traded up $0.09 during midday trading on Friday, reaching $99.02. The company had a trading volume of 7,982,113 shares, compared to its average volume of 7,450,800. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The firm's fifty day simple moving average is $93.90 and its 200-day simple moving average is $96.93. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The company has a market capitalization of $179.58 billion, a P/E ratio of 38.08, a P/E/G ratio of 1.57 and a beta of 1.40.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.19. The firm had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business's revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. As a group, equities analysts anticipate that The Walt Disney Company will post 4.93 EPS for the current year.

About Walt Disney

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.