Florida Trust Wealth Management Reduces Disney Stake to $21.97 Million Florida Trust Wealth Management Co reduced its holdings in The Walt Disney Company (NYSE:DIS) by 8.3% during the fourth quarter, according to its latest 13F filing with the Securities and Exchange Commission. The institutional investor sold 17,534 shares, leaving it with 193,084 shares valued at approximately $21.97 million. This marks a significant shift in the firm’s portfolio, reflecting a strategic adjustment in its exposure to Disney’s stock. Other major institutional investors also adjusted their positions in Disney during the quarter. Viking Global Investors LP added a new position worth $725.2 million, while Assenagon Asset Management S.A. increased its stake by 231.4%, acquiring 3.28 million shares to bring its total holdings to 4.71 million shares valued at $539.45 million. State Street Corp expanded its holdings by 3.0%, acquiring 2.38 million shares to reach 82.02 million shares worth $9.39 billion. These moves highlight the mixed sentiment among institutional investors, with some increasing bets while others, like Florida Trust, trimmed their positions. As of the latest data, institutional and hedge fund ownership of Disney stock stands at 65.71%, indicating continued confidence in the company’s long-term prospects despite short-term volatility. The stock’s market capitalization is $171.28 billion, with a price-to-earnings (PE) ratio of 14.22. Analysts have issued a range of ratings, including a consensus "Moderate Buy" with a price target of $132.81. Recent earnings reports have also bolstered investor sentiment, as Disney surpassed quarterly earnings estimates with a $1.63 EPS result, exceeding analysts’ expectations of $1.57.#the_walt_disney_company #florida_trust_wealth_management_co #viking_global_investors_lp #assenagon_asset_management_sa #state_street_corp
