Rep. Mike Kelly Sells Disney Shares Amid Company's Earnings Growth

Representative Mike Kelly of Pennsylvania recently sold shares of The Walt Disney Company. In a filing disclosed on August 12th, Representative Kelly revealed that he had sold between $1,001 and $15,000 in Walt Disney stock on July 17th through his 'VICTORIA KELLY TRUST ICA' account.

This sale is part of a larger trade where Representative Kelly also sold shares of other companies including Abbott Laboratories and PepsiCo. The sale of Disney shares occurred at the same time as the company's quarterly earnings report, which showed that Disney reported $2.06 earnings per share for the quarter, surpassing the consensus estimate of $1.86.

Disney's revenue for the quarter was up 6.8% compared to the same period last year. This growth is a positive indicator for the company as it continues to expand its operations and increase its market value.