Mon Sep 23 17:36:45 UTC 2024: ## Disney Stock Sees Increased Investment from Institutional Investors

**New York, NY – September 23, 2024** – The Walt Disney Company (NYSE:DIS) has seen a surge in interest from institutional investors in recent quarters. Frank Rimerman Advisors LLC significantly increased its stake in the entertainment giant by 4,101.7% in the second quarter, acquiring over 16,981 shares. Other notable investors include Gryphon Financial Partners LLC, who purchased a new position in Disney stock, and ProVise Management Group LLC and Congress Wealth Management LLC DE, who boosted their holdings by 7.3% and 191.1% respectively. Institutional investors now own 65.71% of Disney’s outstanding shares.

**Director Calvin Mcdonald also purchased 11,756 shares of Disney stock on August 8th**, demonstrating his confidence in the company’s future. This transaction was disclosed in a filing with the SEC.

Disney’s stock opened at $93.75 on Monday with a market capitalization of $170.91 billion. The company reported strong quarterly earnings on August 7th, exceeding analysts’ expectations with $1.39 EPS and revenue of $23.20 billion.

**Analysts are optimistic about Disney’s future performance**, forecasting a 4.92 EPS for the current fiscal year. The company continues to operate across three segments: Entertainment, Sports, and Experiences, producing and distributing diverse content across various platforms.

**For more information on institutional ownership and insider trading activity for Disney, visit HoldingsChannel.com.**

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