CTC 13F: Cuts The Walt Disney (DIS) Stake by $298K

CTC lowered its stake in The Walt Disney Company (NYSE: DIS) during the most recent quarter, according to its latest Form 13F filing with the SEC. The fund sold 3,021 shares, representing an 8.6% decrease in its total position. By the end of the reporting period, CTC held 31,960 shares of the entertainment leader, a position valued at roughly $3.15 million. These filings provide a snapshot of holdings as of May 21, 2026, and may not reflect more recent changes in the investor's portfolio.

Shift in the Disney Position

Before this move, CTC held 34,981 shares of Disney. The decision to trim about 3,021 shares brought the total down to 31,960. While the fund reduced its exposure, the remaining stake still represents a multi-million dollar commitment to the Burbank-based company. This adjustment comes during a period where Disney has focused on streamlining its various segments, including its streaming services and theme park operations.

Disney Stock Trends

On Friday, Disney shares were trading at $98.63. The stock has been moving within a 52-week range of $92.19 to $117.09. At the current price, the company has a market capitalization of $191.11 billion. The stock is currently trading below its 50-day moving average of $105.99 and its 200-day moving average of $103.61. With a price-to-earnings (P/E) ratio of 22.8, the company is valued at a premium compared to its forward P/E of 14.8, suggesting expectations for higher future earnings.

Recent Earnings Performance

Disney reported total revenue of $98.86 billion in its most recent fiscal period, achieving a revenue growth rate of 6.8%. The company’s efficiency is reflected in its net margin of 8.7% and a return on equity of 8.0%. Earnings per share came in at $4.85. Looking forward, the company is scheduled to provide its next major update when it releases its earnings on November 17, 2026.

Dividend Program

Disney continues to return value to shareholders through its dividend program. The company currently pays an annual dividend rate that results in a 1.36% yield. With a payout ratio of 30.9%, the company uses less than a third of its earnings to cover these payments, leaving room for reinvestment into its content and theme parks.

Insider Buying and Selling at The Walt Disney Company

Internal executives have been active in the market throughout June 2026. On June 22, Sonia Coleman, the Sr. EVP & Chief People Officer, purchased ,1720 shares. Earlier in the month, on June 15, Sr. EVP Paul Roeder was involved in two transactions, reporting both a purchase and a sale of 1,533 shares. On that same day, EVP Brent Woodford also reported a purchase of 2,215 shares. These transactions are disclosed to the SEC to provide transparency regarding the confidence of company leadership.

Analysts Set New Price Targets

Wall Street remains largely optimistic about Disney's trajectory. On October 9, 2026, Needham reiterated a Buy rating with a $125.00 price target. Raymond James maintained an Outperform rating on October 5, though it slightly adjusted its price target to $119.00 from $120.00. Guggenheim also reiterated a Buy rating on September 28 with a $120.00 target. Currently, 32 analysts covering the stock have reached a consensus recommendation of a strong buy, with an average price target of $126.49.

About The Walt Disney Company

The Walt Disney Company is a global entertainment business that operates through three primary segments: Entertainment, Sports, and Experiences. It is the powerhouse behind brands like Marvel, Pixar, and Lucasfilm, and it operates world-famous theme parks and the Disney+ streaming service. As the company navigates the transition to digital media and expands its international resort footprint, institutional moves like those from CTC help highlight how major investors are weighing Disney's long-term growth potential against current market conditions.

What to Watch

Investors should keep an eye on the upcoming November 17 earnings report to see if the company’s streaming margins continue to improve. While 13F filings like CTC's offer a look at what institutional players were doing in the past, they are essential for understanding the broader ownership landscape of one of the world's largest media companies.