Atria Investments Inc Raises Holdings in The Walt Disney Company (NYSE:DIS)

Atria Investments Inc grew its position in The Walt Disney Company (NYSE:DIS) by 5.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 151,619 shares of the entertainment giant’s stock after buying an additional 7,594 shares during the quarter. 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 made changes to their positions in DIS. Capital World Investors lifted its holdings in shares of Walt Disney by 3,332.4% in the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after buying an additional 6,084,993 shares during the period. Swedbank AB bought a new position in shares of Walt Disney in the 1st quarter worth $493,715,000. Farallon Capital Management LLC bought a new position in shares of Walt Disney in the 2nd quarter worth $355,673,000. Ontario Teachers Pension Plan Board bought a new position in shares of Walt Disney in the 1st quarter worth $425,567,000. Finally, International Assets Investment Management LLC raised its position in shares of Walt Disney by 12,574.4% in the 3rd quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock worth $329,585,000 after acquiring an additional 3,399,359 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wells Fargo & Company reduced their price target on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and issued a $110.00 price target on shares of Walt Disney in a research report on Wednesday, October 23rd. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Evercore ISI reduced their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. reduced their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Stock Performance

Shares of DIS stock opened at $99.02 on Friday. 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. The business’s 50 day moving average is $93.90 and its two-hundred day moving average is $97.05. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) 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 company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. Walt Disney’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.03 earnings per share. Analysts expect that The Walt Disney Company will post 4.93 EPS for the current fiscal year.

Walt Disney Company 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.