Cullinan Associates Inc. Sells 5,715 Shares of The Walt Disney Company $DIS

Cullinan Associates Inc. cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 6.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 77,267 shares of the entertainment giant’s stock after selling 5,715 shares during the period. Cullinan Associates Inc.’s holdings in Walt Disney were worth $7,437,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp increased its position in Walt Disney by 2.3% during the fourth quarter. State Street Corp now owns 83,873,646 shares of the entertainment giant’s stock valued at $9,604,567,000 after acquiring an additional 1,853,897 shares during the last quarter. Geode Capital Management LLC boosted its position in Walt Disney by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 40,588,604 shares of the entertainment giant’s stock worth $4,597,804,000 after purchasing an additional 1,361,888 shares during the last quarter. J. Stern & Co. LLP boosted its position in Walt Disney by 9,060.1% in the fourth quarter. J. Stern & Co. LLP now owns 38,135,363 shares of the entertainment giant’s stock worth $4,338,660,000 after purchasing an additional 37,719,041 shares during the last quarter. Norges Bank bought a new stake in shares of Walt Disney during the 4th quarter valued at about $2,388,278,000. Finally, Invesco Ltd. increased its position in shares of Walt Disney by 16.2% during the 4th quarter. Invesco Ltd. now owns 15,106,105 shares of the entertainment giant’s stock valued at $1,718,622,000 after purchasing an additional 2,111,189 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney News Summary

Here are the key news stories impacting Walt Disney this week:

• Positive Sentiment: Streaming ecosystem expansion: Disney+ and Hulu’s video-podcast partnership with iHeartMedia will bring video versions of six popular podcasts to Disney’s streaming platforms. The initiative could increase engagement, broaden content offerings and improve the value proposition of Disney’s direct-to-consumer services. Can The Walt Disney Company DIS’s iHeartMedia IHRT Partnership Strengthen its Streaming Ecosystem?
• Positive Sentiment: Streaming and parks momentum: Analyst coverage points to streaming profits and theme-park growth as key drivers of Disney’s strong third-quarter performance. New content, resorts and cruise capacity could support revenue and earnings growth in the next phase of the company’s strategy. Can DIS Stock Maintain Momentum With Streaming Wins and Parks Growth?
• Positive Sentiment: Resort investment: Disney revealed additional details for Lakeshore Lodge, a new Walt Disney World resort scheduled to open in July 2027. Waterfront accommodations, cottages and a lazy river could strengthen Disney’s premium lodging offering and support long-term parks monetization. Disney’s Lakeshore Lodge Reveals Rooms, Opens July 2027
• Neutral Sentiment: Upcoming investor event: CFO Hugh Johnston is scheduled to participate in the Goldman Sachs Communacopia + Technology Conference on September 9. Investors may look for updates on streaming profitability, parks demand and capital allocation, but no new financial guidance was announced. The Walt Disney Company to Participate in the Goldman Sachs Communacopia Technology Conference
• Negative Sentiment: Growth comparison risk: Commentary contrasting Disney with Netflix underscores that Disney’s larger, diversified business may offer scale and stability, but Netflix has shown more consistent double-digit revenue growth. This may limit enthusiasm if Disney’s streaming growth does not accelerate. Walt Disney vs. Netflix

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of research reports. Wolfe Research set a $131.00 price objective on shares of Walt Disney in a report on Tuesday, June 30th. UBS Group set a $115.00 price target on shares of Walt Disney in a research report on Monday, August 24th. Barclays lifted their price target on shares of Walt Disney from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Citigroup cut their price objective on shares of Walt Disney from $145.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. upped their price objective on Walt Disney from $139.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $127.61.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 7,238 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $105.31, for a total value of $762,233.78. Following the completion of the transaction, the executive vice president owned 62,323 shares of the company’s stock, valued at approximately $6,563,235.13. This represents a 10.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul M. Roeder sold 3,596 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $106.32, for a total value of $382,326.72. The disclosure for this sale is available in the SEC filing. 0.17% of the stock is owned by company insiders.

Walt Disney Trading Up 1.2%

Walt Disney stock opened at $108.15 on Friday. The Walt Disney Company has a 12-month low of $92.18 and a 12-month high of $119.78. The firm has a market capitalization of $186.74 billion, a price-to-earnings ratio of 22.30, a P/E/G ratio of 1.27 and a beta of 1.39. The firm has a 50 day moving average of $100.63 and a 200 day moving average of $101.58. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 5th. The entertainment giant reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.20. The business had revenue of $25.25 billion for the quarter, compared to the consensus estimate of $25.39 billion. Walt Disney had a net margin of 8.70% and a return on equity of 9.90%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.61 earnings per share. Walt Disney has set its FY 2026 guidance at 6.642-6.642 EPS. As a group, research analysts predict that The Walt Disney Company will post 6.91 earnings per share for the current year.

About Walt Disney

The Walt Disney Company (NYSE: DIS), commonly known as Disney, is a diversified global entertainment and media conglomerate headquartered in Burbank, California. Founded in 1923 by Walt and Roy O. Disney, the company grew from an animation studio into a multi?national entertainment enterprise known for iconic intellectual property and family?oriented storytelling. Disney’s operations span film and television production, streaming services, theme parks and resorts, consumer products, and live entertainment.

On the content side, Disney produces and distributes feature films and television programming through a portfolio of studios and labels that includes Walt Disney Pictures, Pixar, Marvel Studios, Lucasfilm and 20th Century Studios, along with broadcast and cable networks such as ABC, FX and National Geographic.