Disney Stock Loses 6% Stake as Washington Trust Advisors Exits

Washington Trust Advisors Inc., an institutional investor, reduced its stake in The Walt Disney Company (NYSE:DIS) by 6.0% during the second quarter. According to a recent disclosure with the Securities & Exchange Commission, Washington Trust Advisors Inc. sold 8,061 shares of Disney's stock, bringing its total ownership to 126,074 shares.

The value of these shares is approximately $12,135,000 as of their most recent filing. This stake represents about 0.9% of Washington Trust Advisors Inc.'s investment portfolio, making it the company's 27th largest holding.

Other institutional investors have also bought and sold Disney shares during this period. J. Stern & Co. LLP significantly increased its stake in Disney by purchasing an additional 37,719,041 shares in the last quarter, bringing its total ownership to 38,135,363 shares valued at $4,338,660,000.

Despite these changes, Walt Disney's stock price has been affected by market rates weighing on long-duration growth stocks. This macro pressure is a key reason Disney is trading lower alongside the broader sector.