L. Roy Papp & Associates LLP lessened its position in The Walt Disney Company ( NYSE:DIS – Free Report ) by 32.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,833 shares of the entertainment giant's stock after selling 19,702 shares during the period. L. Roy Papp & Associates LLP's holdings in Walt Disney were worth $3,646,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors also recently modified their holdings of the company.

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