Disney Sees Shifts in Institutional Investor Landscape
The Walt Disney Company has seen significant changes in its institutional investor landscape as Agate Pass Investment Management LLC reduced its stake in shares of The Walt Disney Company by 61.2% in the second quarter, according to a recent disclosure with the SEC.
The institutional investor owned 5,220 shares of the entertainment giant's stock after selling 8,235 shares during the period.
This reduction is part of a larger trend, as several other large investors have recently modified their holdings in Walt Disney. Alesco Advisors LLC lifted its stake in Walt Disney by 2.7% in the fourth quarter, while Advisors Management Group Inc. ADV raised its holdings in shares of Walt Disney by 4.6% in the first quarter.
The company has a market cap of $181.16 billion and a P/E ratio of 21.63. The firm's 50-day moving average price is $98.93, and its 200-day moving average price is $101.91.