Archer Investment Corp Bets Big on The Walt Disney Company

Archer Investment Corp has acquired a new stake in The Walt Disney Company (NYSE:DIS), purchasing 15,912 shares of its stock valued at approximately $1,532,000. This move was revealed through its most recent 13F filing with the Securities and Exchange Commission.

The institutional investor's purchase is part of a larger trend, as several other large investors have also modified their holdings in DIS. Brighton Jones LLC raised its position by 7.7% in the fourth quarter, acquiring an additional 1,904 shares worth $2,980,000. Sivia Capital Partners LLC grew its holdings by 31.9% in the second quarter, purchasing more than 1,300 shares valued at over $678,000.

Main Street Financial Solutions LLC also increased its stake in Walt Disney by 28.6% during the second quarter, buying an additional 1,855 shares worth over $1,033,000. Ieq Capital LLC boosted its position by 10.8%, purchasing more than 11,300 shares valued at over $14,355,000.

Insiders have also been active in their trading of Walt Disney stock. EVP Brent Woodford sold 7,238 shares on August 14th at an average price of $105.31, reducing his stake by 10.41%. Another executive, EVP Paul M. Roeder, sold 3,596 shares on August 19th for an average price of $106.32.