Disney Stake Sells Down Amid Strong Earnings and Revenue Growth
Handelsbanken Fonder AB, an investment firm, has reduced its stake in The Walt Disney Company by selling 48,161 shares. This move represents a 7.3% decrease in the company's holdings in Walt Disney. As of its most recent filing with the Securities & Exchange Commission, Handelsbanken Fonder AB owned 612,587 shares of Walt Disney stock, valued at $58,961,000.
Other institutional investors and hedge funds have also made changes to their stakes in Walt Disney during the second quarter. Swiss RE Ltd. purchased a new stake worth $25,000, while Curio Wealth LLC increased its holdings by 110.4% during the fourth quarter.
The entertainment giant reported earnings of $2.06 per share for the quarter, beating analyst estimates by $0.20. Revenue was up 6.8% compared to the same period last year. Walt Disney has set its FY 2026 guidance at 6.642-6.642 EPS.