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
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

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!