Thrivent Financial for Lutherans reduced its stake in shares of Walt Disney Co (NYSE:DIS) by 32.9% in the fourth quarter, Holdings Channel reports. The fund owned 111,451 shares of the entertainment giant’s stock after selling 54,644 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Walt Disney were worth $12,302,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of DIS. Vanguard Group Inc lifted its stake in Walt Disney by 0.5% in the third quarter. Vanguard Group Inc now owns 103,729,219 shares of the entertainment giant’s stock worth $12,130,095,000 after purchasing an additional 553,232 shares during the last quarter. BlackRock Inc. lifted its stake in Walt Disney by 6.5% in the fourth quarter. BlackRock Inc. now owns 92,790,946 shares of the entertainment giant’s stock worth $10,174,527,000 after purchasing an additional 5,639,712 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Walt Disney by 14,778.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 53,195,820 shares of the entertainment giant’s stock worth $485,000 after purchasing an additional 52,838,274 shares during the last quarter. Northern Trust Corp lifted its stake in Walt Disney by 4.5% in the fourth quarter. Northern Trust Corp now owns 21,001,994 shares of the entertainment giant’s stock worth $2,302,868,000 after purchasing an additional 896,051 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Walt Disney by 9.8% in the fourth quarter. Geode Capital Management LLC now owns 20,146,874 shares of the entertainment giant’s stock worth $2,205,626,000 after purchasing an additional 1,789,989 shares during the last quarter. 64.23% of the stock is owned by institutional investors.

In related news, EVP Zenia B. Mucha sold 33,000 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $128.88, for a total transaction of $4,253,040.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Brent Woodford sold 2,200 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $138.23, for a total transaction of $304,106.00. The disclosure for this sale can be found here. Insiders have sold 39,200 shares of company stock worth $5,098,106 in the last quarter. 0.36% of the stock is owned by corporate insiders.

Shares of NYSE DIS traded up $0.30 during midday trading on Friday, hitting $142.04. 6,544,785 shares of the company traded hands, compared to its average volume of 6,795,839. Walt Disney Co has a 12-month low of $100.35 and a 12-month high of $142.37. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.77 and a quick ratio of 0.74. The stock has a market capitalization of $244.26 billion, a P/E ratio of 20.06, a P/E/G ratio of 3.62 and a beta of 0.97.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.02. Walt Disney had a net margin of 22.55% and a return on equity of 15.67%. The company had revenue of $14.92 billion for the quarter, compared to analysts’ expectations of $14.53 billion. During the same quarter in the previous year, the company earned $1.84 earnings per share. Walt Disney’s quarterly revenue was up 2.6% on a year-over-year basis. Research analysts anticipate that Walt Disney Co will post 6.67 earnings per share for the current year.

DIS has been the topic of a number of analyst reports. Bank of America boosted their price objective on shares of Walt Disney from $144.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Guggenheim restated a “buy” rating and issued a $157.00 price objective on shares of Walt Disney in a research report on Tuesday, April 23rd. UBS Group boosted their price objective on shares of Walt Disney from $128.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Rosenblatt Securities restated a “buy” rating and issued a $175.00 price objective on shares of Walt Disney in a research report on Monday, May 6th. Finally, Citigroup boosted their price objective on shares of Walt Disney from $132.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $143.68.

TRADEMARK VIOLATION NOTICE: This report was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright and trademark law. The original version of this report can be read at https://www.watchlistnews.com/walt-disney-co-nysedis-shares-sold-by-thrivent-financial-for-lutherans/3041659.html.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

Further Reading: What is a Call Option?

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).

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

Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.