According to a recent SEC filing, Sumitomo Mitsui Trust Group Inc. reduced its holdings in The Walt Disney Company by approximately 3.5% during the third quarter. The firm now holds 4.31 million shares, which represents about 0.25% of the company’s total stock.
Institutional investors currently own 65.71% of Disney shares. Other firms, including Greatmark Investment Partners Inc., TOWER TRUST & INVESTMENT Co, and V Square Quantitative Management LLC, also adjusted their positions in the entertainment company during the same period.
Wall Street analysts continue to maintain a "Moderate Buy" consensus on Disney stock. The current average price target for the company is set at $128.16, based on a mix of Strong Buy, Buy, and Hold ratings.
