Cullinan Associates Inc. Cuts Stake in The Walt Disney Company $DIS

Cullinan Associates Inc. lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 6.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 77,267 shares of the entertainment giant’s stock after selling 5,715 shares during the quarter. Cullinan Associates Inc.’s holdings in Walt Disney were worth $7,437,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. State Street Corp grew its stake 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 in the last quarter. Geode Capital Management LLC increased its holdings in Walt Disney by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 40,588,604 shares of the entertainment giant’s stock valued at $4,597,804,000 after acquiring an additional 1,361,888 shares during the last quarter. J. Stern & Co. LLP lifted its stake in Walt Disney by 9,060.1% in the 4th 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 in the last quarter. Norges Bank purchased a new stake in Walt Disney in the 4th quarter worth $2,388,278,000. Finally, Invesco Ltd. boosted its holdings 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. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE:DIS opened at $108.15 on Friday. The stock’s fifty day moving average is $100.63 and its 200 day moving average is $101.58. The Walt Disney Company has a fifty-two week low of $92.18 and a fifty-two week high of $119.78. The firm has a market capitalization of $186.74 billion, a PE ratio of 22.30, a PEG ratio of 1.27 and a beta of 1.39. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.65 and a current ratio of 0.71.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 5th. The entertainment giant reported $2.06 EPS for the quarter, topping the consensus estimate of $1.86 by $0.20. Walt Disney had a net margin of 8.70% and a return on equity of 9.90%. The company had revenue of $25.25 billion during the quarter, compared to analyst estimates of $25.39 billion. During the same period in the previous year, the firm earned $1.61 earnings per share. Walt Disney’s quarterly revenue was up 6.8% compared to the same quarter last year. Walt Disney has set its FY 2026 guidance at 6.642-6.642 EPS. On average, sell-side analysts anticipate that The Walt Disney Company will post 6.91 earnings per share for the current year.

Key Headlines Impacting Walt Disney

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

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DIS. Citigroup cut their price objective on Walt Disney from $145.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, July 29th. Wolfe Research set a $131.00 target price on Walt Disney in a research report on Tuesday, June 30th. Weiss Ratings lowered Walt Disney from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Truist Financial set a $115.00 price target on Walt Disney in a report on Monday, August 3rd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $126.00 price objective on shares of Walt Disney in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $127.61.

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.