Thrivent Financial for Lutherans Trims Stock Holdings in The Walt Disney Company (NYSE:DIS)

Thrivent Financial for Lutherans reduced its stake in The Walt Disney Company (NYSE:DIS) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 182,976 shares of the entertainment giant’s stock after selling 2,654 shares during the period. Thrivent Financial for Lutherans’ holdings in Walt Disney were worth $18,168,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of DIS. Vaughan Nelson Investment Management L.P. boosted its holdings in Walt Disney by 84.6% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock valued at $244,754,000 after purchasing an additional 916,772 shares in the last quarter. Jennison Associates LLC purchased a new stake in shares of Walt Disney during the first quarter worth approximately $1,490,492,000. Mirae Asset Global Investments Co. Ltd. raised its position in Walt Disney by 4.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock worth $68,113,000 after acquiring an additional 22,568 shares in the last quarter. Rheos Capital Works Inc. raised its position in Walt Disney by 41.3% in the first quarter. Rheos Capital Works Inc. now owns 175,900 shares of the entertainment giant’s stock worth $21,523,000 after acquiring an additional 51,400 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in Walt Disney by 555.9% in the first quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock worth $117,599,000 after acquiring an additional 810,923 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DIS has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Raymond James decreased their price objective on Walt Disney from $123.00 to $101.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. UBS Group decreased their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. decreased their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Morgan Stanley cut their price objective on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Three research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $118.43.

Walt Disney Price Performance

DIS stock opened at $93.74 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The stock’s 50 day moving average is $90.49 and its two-hundred day moving average is $101.59. The company has a market capitalization of $170.89 billion, a PE ratio of 101.89, a P/E/G ratio of 1.31 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping the consensus estimate of $1.20 by $0.19. The company had revenue of $23.20 billion during 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 quarter last year, the firm earned $1.03 EPS. Analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Insider Transactions at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now owns 22,313 shares in the company, valued at $1,897,943.78. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company’s stock.

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.