Florida Trust Wealth Management Co cut its position in The Walt Disney Company by 8.3% in the fourth quarter, selling 17,534 shares and leaving it with 193,084 shares worth $21,967,000, according to its latest SEC filing. At the same time, other large investors were adding or building stakes, underscoring how heavily Disney remains in the hands of professional money managers.
Viking Global Investors LP opened a new position in Disney in the second quarter worth about $725,219,000, while Assenagon Asset Management S.A. lifted its stake by 231.4% in the third quarter to 4,711,353 shares valued at $539,450,000. State Street Corp increased its position by 3.0% to 82,019,749 shares worth $9,391,261,000, and Alliancebernstein L.P. expanded its holding by 16.6% to 12,134,487 shares valued at $1,504,798,000. Maverick Capital Ltd. also took a new position worth $187,067,000 in the second quarter.
The filings show 65.71% of Disney stock is currently owned by institutional investors and hedge funds, leaving the company’s shares squarely in the orbit of big-money managers. The moves also came alongside recent analyst action: Raymond James upgraded DIS to Outperform, Needham reiterated a Buy rating, and Wells Fargo and Deutsche Bank trimmed price targets on The Walt Disney Company.
That split matters because the ownership changes are not happening in a vacuum. Disney is still drawing fresh capital from some of the market’s biggest firms even as others are trimming or, in the case of several banks, lowering their price expectations, a combination that points to a stock with support but no clear consensus.
