Waverly Advisors 13F: Cuts The Walt Disney (DIS) Stake by $1.1M

Waverly Advisors Adjusts Its Position

Waverly Advisors reduced its holdings in The Walt Disney Company (NYSE: DIS) during the period ended May 15, 2026, according to a recent Form 13F filing with the Securities and Exchange Commission. Because 13F filings look backward, this report reflects holdings as of that date and may not represent the fund's current position today. The firm trimmed its stake by 5.7%, selling 11,389 shares to bring its total down to 188,333 shares. Based on the reporting period, that remaining block carried a value of about $18.6 million.

Disney Stock Performance and Valuation

The company's shares trade around $98.63. The stock moves within a 52-week range spanning from a low of $92.19 up to a high of $117.09. Valuation metrics put the trailing P/E ratio at 22.8, with a forward P/E sitting at 14.8. Market capitalization stands near $191.11 billion, and the stock carries a beta of 1.42, pointing to higher volatility than the broader market.

Recent Earnings Results

Financial results for the entertainment giant show annual revenue reaching $98.86 billion alongside a revenue growth rate of 6.8%. Profitability metrics show a net margin of 8.7% and a return on equity of 8.0%. Investors will look toward the company's upcoming earnings report on November 17, 2026, for the next update on financial performance.

Dividend Payments

The company currently pays an annual dividend yield of 1.36% with a payout ratio of 30.9%, returning cash to shareholders while retaining capital for content creation and park expansions.

Insider Buying and Selling at The Walt Disney Company

Company insiders have been active in the stock. On June 22, 2026, Sonia Coleman, Senior Executive Vice President and Chief People Officer, acquired 1,720 shares. Earlier in the month on June 15, 2026, Senior Executive Vice President and Chief Communications Officer Paul Roeder engaged in transactions involving 1,533 shares, while Brent Woodford, Executive Vice President for Control, Financial Planning and Tax, also bought and sold blocks of 2,215 shares.

Analysts Set New Price Targets

Wall Street firms continue to monitor the media company closely. On October 9, 2026, Needham reiterated its buy rating on the stock with a $125.00 price target. Raymond James maintained an outperform rating while adjusting its target to $119.00 on October 5, 2026, and Guggenheim reiterated a buy rating with a $120.00 target on September 28, 2026. Across the wider analyst community, the stock holds a consensus recommendation key of strong buy with a mean price target of $126.49.

Inside the Entertainment Business

The Walt Disney Company operates as a major media and entertainment enterprise through three key segments: Entertainment, Sports, and Experiences. It produces film and television content across famous banners like Marvel, Lucasfilm, and Pixar, operates streaming platforms such as Disney+ and Hulu, and runs theme parks and resorts around the globe. Waverly Advisors' recent portfolio adjustment takes place against this backdrop of shifting entertainment revenue streams and streaming investments.

What to Watch at The Walt Disney Company

Followers of Waverly Advisors will need to wait for subsequent quarterly filings to see whether the firm continues reducing its media exposure or changes direction. Meanwhile, market participants can track the company's progress toward its next earnings release scheduled for November 17, 2026. As always, 13F reports offer a historical snapshot rather than an active trading signal.