Disney Draws Institutional Investor Attention with New Stake

Livforsakringsbolaget Skandia Omsesidigt has made a new investment in The Walt Disney Company, acquiring 12,304 shares of its stock worth approximately $1.19 million.

This acquisition is part of a larger trend of institutional investors increasing their stakes in Disney's stock. In the fourth quarter, Swiss RE Ltd., Curio Wealth LLC, Osbon Capital Management LLC, Sfam LLC, and Greenline Wealth Management LLC all purchased new positions in Disney.

Disney's stock price has been rising due to its strong third-quarter performance, driven by streaming profits and theme-park growth. The company is expected to post 6.91 EPS for the current year.