The Walt Disney Company $DIS Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in The Walt Disney Company (NYSE:DIS) by 13.5% in the second quarter, Holdings Channel reports. The firm owned 227,985 shares of the entertainment giant’s stock after selling 35,456 shares during the period. Thrivent Financial for Lutherans’ holdings in Walt Disney were worth $28,254,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its stake in Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after purchasing an additional 1,904 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in Walt Disney by 9.9% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 102,954 shares of the entertainment giant’s stock valued at $10,162,000 after purchasing an additional 9,296 shares in the last quarter. Versor Investments LP acquired a new position in Walt Disney during the 1st quarter valued at approximately $827,000. Watts Gwilliam & Co. LLC raised its holdings in shares of Walt Disney by 3.0% in the first quarter. Watts Gwilliam & Co. LLC now owns 14,937 shares of the entertainment giant’s stock worth $1,474,000 after buying an additional 436 shares during the last quarter. Finally, Aptus Capital Advisors LLC lifted its stake in shares of Walt Disney by 14.4% during the first quarter. Aptus Capital Advisors LLC now owns 55,354 shares of the entertainment giant’s stock worth $5,463,000 after buying an additional 6,969 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

NYSE DIS opened at $110.43 on Tuesday. The firm has a market capitalization of $197.15 billion, a P/E ratio of 16.10, a PEG ratio of 1.54 and a beta of 1.49. The stock has a 50-day simple moving average of $109.19 and a two-hundred day simple moving average of $114.62. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.65 and a current ratio of 0.71. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, topping the consensus estimate of $1.03 by $0.08. The firm had revenue of $22.46 billion for the quarter, compared to analyst estimates of $22.78 billion. Walt Disney had a return on equity of 9.37% and a net margin of 13.14%.Walt Disney’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company earned $1.14 earnings per share. On average, equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.75 per share. This represents a dividend yield of 139.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Walt Disney’s payout ratio is 21.87%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Raymond James Financial reissued a “market perform” rating on shares of Walt Disney in a research report on Friday, November 14th. Cowen reiterated a “hold” rating on shares of Walt Disney in a research note on Friday, November 14th. UBS Group reissued a “buy” rating and issued a $138.00 price objective on shares of Walt Disney in a report on Friday, November 14th. Citigroup restated a “positive” rating on shares of Walt Disney in a research note on Friday, November 14th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a research report on Monday, December 8th. Eighteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $134.41.

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.