What Smart Money Thinks About The Walt Disney Company (DIS)?

Now, key money managers have been driving this bullishness. Citadel Investment Group, founded by Ken Griffin, created the biggest call position in The Walt Disney Company (NYSE:DIS). Citadel Investment Group had $126.6 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also made a $82.1 million investment in the stock during the quarter. The other funds with new positions in the stock are Larry Petrellaáand Michael Siminerio’s PineView Asset Management, Adam Weiss’ Stillwater Investment Management, and Sander Gerber’s Hudson Bay Capital Management.

Let’s now review hedge fund activity in other stocks similar to The Walt Disney Company (NYSE:DIS). We will take a look at Comcast Corporation (NASDAQ:CMCSA), Philip Morris International Inc. (NYSE:PM), Medtronic, Inc. (NYSE:MDT), and Intel Corporation (NASDAQ:INTC). This group of stocks’ market valuations match DIS’s market valuation.

As you can see these stocks had an average of 60 funds with bullish positions and the average amount invested in these stocks was $4.71 billion, which compares with the $3.80 billion in DIS’s case. Comcast Corporation (NASDAQ:CMCSA) is the most popular stock in this table. On the other hand, Medtronic, Inc. (NYSE:MDT) is the least popular one with only 43 bullish hedge fund positions. The Walt Disney Company (NYSE:DIS) is not the least popular stock in this group, but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard Comcast Corporation (NASDAQ:CMCSA) might be a better candidate to consider a long position.