Rathbones Group Trims Stake in Disney by 27.4% Amid Broader Investor Shift

Rathbones Group PLC has reduced its holdings in The Walt Disney Company (NYSE:DIS) by 27.4% in the first quarter, according to a recent disclosure with the Securities and Exchange Commission.

The fund owned 451,809 shares of the entertainment giant's stock after selling 170,298 shares during the period. Rathbones Group PLC's holdings in Walt Disney were worth $43,545,000 as of its most recent SEC filing.

This is not an isolated instance; other institutional investors and hedge funds have also modified their holdings of The Walt Disney Company. Pinnacle Bancorp Inc., for example, lifted its holdings in Walt Disney by 1.5% in the fourth quarter, while Alesco Advisors LLC grew its holdings by 2.7% during the same period.

The Walt Disney Company has a market capitalization of $167.22 billion and a price-to-earnings ratio of 15.38. The company's shares opened at $96.29 on Monday, with a 12-month high of $119.91 and a 12-month low of $92.18.