The Walt Disney Company (DIS): Hedge Funds Don’t Wanna Go To Disneyworld Anymore

Page 1 of 2

In an investment analysis of The Walt Disney Company (NYSE:DIS), the Disneyworld puns will never stop. So, we apologize for that in advance, but the latest data suggests that one group of investors is actually sour on the company. Curious?

In today’s marketplace, there are a multitude of metrics market participants can use to monitor stocks. A duo of the best are hedge fund and insider trading sentiment. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the best money managers can outpace the market by a significant amount (see just how much).

Equally as useful, optimistic insider trading sentiment is another way to look at the financial markets. Just as you’d expect, there are lots of incentives for an insider to cut shares of his or her company, but only one, very obvious reason why they would buy. Several empirical studies have demonstrated the valuable potential of this strategy if shareholders understand what to do (learn more here).

Keeping this in mind, we’re going to analyze the recent info for The Walt Disney Company (NYSE:DIS).

The Walt Disney Company (NYSE:DIS)

What does the smart money think about The Walt Disney Company (NYSE:DIS)?

At Q2′s end, a total of 51 of the hedge funds we track were long in this stock, a change of -11% from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were boosting their stakes meaningfully.

Out of the hedge funds we follow, Fisher Asset Management, managed by Ken Fisher, holds the largest position in The Walt Disney Company (NYSE:DIS). Fisher Asset Management has a $526.4 million position in the stock, comprising 1.4% of its 13F portfolio. The second largest stake is held by Egerton Capital Limited, managed by John Armitage, which held a $424.3 million position; the fund has 9.4% of its 13F portfolio invested in the stock. Some other hedgies that are bullish include Chris Hohn’s Childrens Investment Fund, Ric Dillon’s Diamond Hill Capital and Rob Citrone’s Discovery Capital Management.

Due to the fact The Walt Disney Company (NYSE:DIS) has witnessed bearish sentiment from the smart money’s best and brightest, we can see that there was a specific group of fund managers that slashed their positions entirely in Q1. Intriguingly, Stephen Mandel’s Lone Pine Capital sold off the biggest investment of the 450+ funds we track, valued at close to $224.4 million in stock, and Chase Coleman and Feroz Dewan of Tiger Global Management LLC was right behind this move, as the fund dropped about $62.5 million worth. These transactions are interesting, as total hedge fund interest dropped by 6 funds in Q1.

How are insiders trading The Walt Disney Company (NYSE:DIS)?

Legal insider trading, particularly when it’s bullish, is at its handiest when the company in focus has experienced transactions within the past 180 days. Over the latest 180-day time frame, The Walt Disney Company (NYSE:DIS) has seen zero unique insiders buying, and 6 insider sales (see the details of insider trades here).

We’ll also examine the relationship between both of these indicators in other stocks similar to The Walt Disney Company (NYSE:DIS). These stocks are Live Nation Entertainment, Inc. (NYSE:LYV), Starz (NASDAQ:STRZA), The Madison Square Garden Co (NASDAQ:MSG), Time Warner Inc (NYSE:TWX), and News Corp (NASDAQ:NWSA). This group of stocks are in the entertainment – diversified industry and their market caps are similar to DIS’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!