Hedge fund Summitry LLC sold off most of its Disney shares, but the company still reported strong earnings, beating estimates.

Hedge fund Summitry LLC significantly reduced its stake in Walt Disney by 98.3%, selling 439,876 shares, while other firms like Aviso Wealth Management and Florida Financial Advisors increased their holdings. Despite the mixed investor sentiment, Disney reported strong earnings of $1.76 per share, beating analysts' estimates. The company has a market cap of $183.69 billion and a PE ratio of 33.10, with analysts predicting a 5.47 EPS for the year and a "Moderate Buy" rating.