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D.A. Davidson & CO. Sells 24,545 Shares of The Walt Disney Company $DIS
D.A. Davidson & CO. reduced its stake in The Walt Disney Company by 8.8% in the fourth quarter, selling 24,545 shares and retaining 253,665 shares valued at $28.86 million. Despite this trimming, institutional investors collectively own about 65.7% of the stock. Disney reported a strong quarter with $1.63 EPS on $25.98 billion revenue, exceeding analyst expectations, and maintains a “Moderate Buy” consensus rating among analysts with an average target price of $133.53.