The Walt Disney Company $DIS Shares Sold by Comerica Bank

Comerica Bank reduced its stake in The Walt Disney Company (NYSE:DIS) by 7.0% in the fourth quarter, selling 30,902 shares and holding 412,151 shares valued at approximately $46.89 million. Disney surpassed quarterly earnings expectations with $1.63 EPS on $25.98 billion in revenue, leading to a consensus “Moderate Buy” rating from analysts with an average target price of $133.53. Despite some negative sentiment regarding governance and analyst target reductions, the company benefits from positive developments like a new solar facility and a strong content pipeline.

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