Investing News

Top Disney Shareholders

Reviewed by Margaret James

The Walt Disney Co. (DIS) is a global entertainment company that operates a broad range of businesses. They include theme parks, resorts, a cruise line, broadcast TV networks, and related products. Disney also produces live entertainment events and produces and streams a wide range of film and TV entertainment content through its digital streaming services.

The top shareholders of Disney are Christine M. McCarthy, Robert A. Iger, Safra A. Catz, Vanguard Group Inc., BlackRock Inc. (BLK), and State Street Corp. (STT).

Disney’s 12-month trailing net income and revenue are $2.35 billion and $88.45 billion respectively. The company’s market cap is about $212.94 billion. These financial data are as of 2024.

Here’s a more detailed look at Disney’s six biggest shareholders.

Key Takeaways

  • The Walt Disney Co. offers and operates numerous entertainment-related companies around the world.
  • The company’s market cap is nearly $213 trillion in 2024.
  • The Vanguard Group holds more than 146 million shares of Disney and is the company’s top shareholder as of 2024.
  • Christine McCarthy is Disney’s top individual insider shareholder with almost 208,000 shares.

Top 3 Individual Insider Shareholders

Christine M. McCarthy

Christine M. McCarthy owned a total of 207,788 Disney shares as of January 2024, representing 0.01% of the company’s total shares outstanding.

McCarthy first joined Disney in 2000 and served as the company’s Treasurer and Chief Financial Officer (CFO). She was responsible for overseeing the company’s worldwide finances. She stepped down in June 2023.

Ms. McCarthy was Executive Vice President and CFO of Imperial Bancorp before joining Disney. McCarthy also serves on the Boards of Directors of the Procter & Gamble Co. (PG).

Robert A. Iger

Robert A. Iger owned a total of 204,899 Disney shares as of January 2024, representing 0.01% of the company’s total shares outstanding.

Iger is Disney’s Chief Executive Officer (CEO). He served as the company’s CEO and Chairman from 2005 through 2020 and as Executive Chairman and Chairman of the Board through 2021. Iger has dramatically expanded Disney’s size and reach through internal growth and a series of major acquisitions during his time as CEO, including Pixar (2006), Marvel (2009), Lucasfilm (2012), and 21st Century Fox (2019).

Iger’s net worth was estimated to be $350 million as of 2023.

Important

“Insider” refers to people in senior management positions and members of the board of directors, as well as people or entities that own more than 10% of the company’s stock. It has nothing to do with insider trading in this context.

Safra A. Catz

Safra A. Catz owned 11,131 shares of Disney as of January 2024, representing less than 0.01% of the company’s total shares outstanding.

Catz was nominated to Disney’s Board of Directors in January 2024. Election and confirmation take place at the 2024 Annual Meeting of Shareholders. Catz has served as Chief Executive Officer of Oracle Corporation since 2014 and was President of Oracle for a decade before that. She’s been with Oracle in various and numerous roles since 1999. She served as President from 2004 through 2014.

Top 3 Institutional Shareholders

Institutional investors hold the majority of Disney’s shares at about 67.49% of total shares outstanding as of March 2024.

Vanguard Group Inc.

Vanguard Group owns 146.3 million shares of Disney, representing 8% of total shares outstanding, according to the company’s preliminary proxy filing for 2024.

The company is primarily a mutual fund and ETF management company with about $7.6 trillion in global assets under management (AUM). The Vanguard S&P 500 ETF (VOO) is one of the company’s largest exchange-traded funds (ETFs) with about $1.1 trillion as of February 2024.

BlackRock Inc.

BlackRock owns 120.9 million shares of Disney, representing 6.6% of total shares outstanding, according to the company’s preliminary proxy filing for 2024.

The company is primarily a mutual fund and ETF management company with approximately $9.09 trillion in AUM. The iShares Core S&P 500 ETF (IVV) is among one of BlackRock’s largest ETFs with approximately $404.4 billion in AUM as of March 2024.

State Street Corp.

State Street owns 75.67 million shares of Disney, representing 4.13% of total shares outstanding.

The company is primarily a manager of mutual funds, ETFs, and other assets with approximately $4.13 trillion in AUM. The SPDR S&P 500 ETF Trust (SPY) is among one of State Street’s largest ETFs with approximately $479.2 billion in AUM.

What Is the History of Disney World?

Walt Disney opened Disneyland in California in 1955. It drew very few visitors from the eastern portion of the United States so Disney eventually opened Disney World, another theme park in Florida, in 1971. Disney World consists of theme parks, water parks, golf courses, and 27 resort hotels situated on more than 40 square miles.

What Are Some Other Companies That Disney Owns?

Disney spans a broad range of entertainment-related companies in five business segments ranging from parks and resorts to media and consumer products. Some of the more well-known include the Disney Cruise Line, ESPN, Twentieth Century Film Corporation, Marvel, and Hollywood Records.

What Is Disney’s Stock Price?

Yahoo! Finance put Disney’s stock price at about $115 in March 2024 with a high of about $117 and a low of more than $78 over the preceding year.

The Bottom Line

As part of our effort to improve the awareness of the importance of diversity in companies, we offer investors a glimpse into the transparency of more than just the Disney shareholders. We highlight the company’s commitment to diversity, inclusiveness, and social responsibility as a whole. Find out how Disney reports the diversity of its management and workforce.

  Race Gender Ability Veteran Status Sexual Orientation
Board of Directors          
C-Suite          
General Management          
Employees ✔ (U.S. Only)      

The ✔ shows if Disney discloses its data about the diversity of its board of directors, C-Suite, general management, and employees overall across a variety of markets.

Read the original article on Investopedia.

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