Summary by Moomoo AI
On December 31, 2023, BlackRock, Inc. filed a Schedule 13G with the Securities and Exchange Commission (SEC), indicating a significant ownership stake in The Walt Disney Company. The filing revealed that BlackRock now beneficially owns 122,883,021 shares of Disney's common stock, which represents 6.7% of the company's class of securities. This level of ownership grants BlackRock sole voting power over 109,797,441 shares and sole dispositive power over the entire 122,883,021 shares, with no shared voting or dispositive power reported. The filing was made in accordance with Rule 13d-1(b) of the Securities Exchange Act of 1934, identifying BlackRock as a parent holding company or control person. The address for Disney's principal executive offices is listed as 500 South Buena Vista Street, Burbank, CA 91521. BlackRock's principal business office is located at 50 Hudson Yards, New York, NY 10001. The filing includes a certification by BlackRock, signed by Attorney-In-Fact Spencer Fleming on January 26, 2024, stating that the shares were acquired in the ordinary course of business and not with the purpose of changing or influencing the control of Disney.