Disney Stock Sees Institutional Boost from Eastern Bank
The Walt Disney Company's stock has been on an upward trend, and it seems institutional investors are taking notice. According to MarketBeat, Eastern Bank has increased its position in Disney by 5.5% in the second quarter.
Eastern Bank purchased an additional 14,768 shares of Disney's stock during the quarter, bringing their total holdings to 281,564 shares valued at $27,101,000. This is not the only institutional investor that has increased its stake in Disney; Swiss RE Ltd. purchased a new position in shares of Walt Disney during the fourth quarter worth approximately $25,000.
Walt Disney's stock price opened at $98.23 on Tuesday and has a market capitalization of $170.57 billion. The company has a 52-week low of $92.18 and a 52-week high of $119.78.