Key Takeaways
- 59 North Capital Management, a firm managing $7.5 billion, added to its stakes in Disney, Louisiana-Pacific and Genuine Parts in the quarter ended June 30, 2026, its latest 13F shows.
- Disney was the fund’s largest US stock holding at June 30, after it more than doubled the stake, and the stock is up 24% since.
- Analysts see 16% upside for Louisiana-Pacific and 14% for Genuine Parts, against 7% for Disney.
- Disney still looks like the best buy of the three, with rising earnings estimates and a forward P/E below its long-run average.
When a fund puts more than a tenth of its US stocks into one company, it’s worth a look. 59 North Capital Management, which manages $7.5 billion, did that with Disney (DIS) by June 30, and added to Louisiana-Pacific (LPX) and Genuine Parts (GPC) too.
That’s from its 13F for the quarter ended June 30, filed Aug. 14, which is still its latest filing.
Disney gets the biggest bet
The fund held 5.26 million Disney shares at June 30, worth $506 million and 11.3% of its 13F stocks, after adding 144% to its share count in the quarter. Disney’s stock is up 24% from its June 30 close, but a 13F doesn’t show what the fund paid or whether it still owns the shares.
The business has given investors reasons to pay up. In Disney’s fiscal third quarter, ended June 27, domestic parks profit rose 27% to $2.1 billion, and Disney+ and Hulu’s subscription business earned a 12.9% margin, up from 6.6% a year earlier.
Analysts haven’t chased the stock, though. Their average target has slipped over the past year:
The 33 analysts covering Disney now average $127, down from $134 a year ago and just 7% above the stock. Citi is more bullish, raising its target to $140 in October.
TIKR tracks 33 analysts on Disney. How many say “Buy”?
See the full breakdown of Buy, Hold, and Sell ratings on Disney, along with Wall Street’s revenue and earnings estimates, all in one place. More than 500,000 investors use TIKR to research stocks like this one. See Disney’s Analyst Ratings
Louisiana-Pacific needs OSB to turn
Louisiana-Pacific has gone the other way, down 4% from its June 30 close. The fund held 4.21 million shares at June 30, worth $331 million and 7.4% of its 13F stocks, after adding 29% to its stake in the quarter.
Its third-quarter results, out Nov. 3, showed a business pulling in two directions. Siding sales rose 7% to a record $473 million, while the company expects its oriented strand board (OSB) business to lose $95 million in adjusted EBITDA this year, and it has announced curtailments at two OSB mills. Those losses eat into what siding earns, which helps explain why the stock trades at about 37x forward earnings even at 24% below its 52-week high.
Analysts have lowered their sights along the way:
The 14 analysts covering it average $88, down from $102 a year ago but still 16% above the stock. My read: getting there takes a recovery in OSB prices, since siding is already selling at a record.
Genuine Parts is splitting in two
Genuine Parts sits between the two, up 5% from its June 30 close. The fund held 2.06 million shares at June 30, worth $243 million and 5.4% of its 13F stocks, two and a half times what it held three months earlier.
The company reported its third quarter on Oct. 20: sales rose 4.2% to $6.5 billion, and adjusted EPS rose to $2.07 from $1.98. It also narrowed its 2026 adjusted EPS outlook to $7.50-$7.75, from $7.50-$8.00, trimming the top of the range. CEO Will Stengel said it remains on track to split into two companies, GPC and its Motion industrial business, in the first quarter of 2027.
The average analyst target has eased only a little over the year:
The 11 analysts covering Genuine Parts average $140, 14% above a stock that trades at about 16x forward earnings. Even the lowest target, $122, sits right around today’s price.
If I could only buy one, it’d be Disney
Disney’s stock has already run since June, but analysts keep raising what they expect it to earn. Consensus has adjusted EPS of $6.93 for fiscal 2026, $7.50 for fiscal 2027 and $8.39 for fiscal 2028, and that last estimate is up 10% over the past year. Investors still pay about 16x forward earnings for it, below its average of 19x since 2014, leaving out the pandemic years.
The risk is how Disney is paying its shareholders. Its buybacks and dividends came to $8.6 billion in the first nine months of fiscal 2026, against $5.7 billion of free cash flow, with borrowings up $4 billion to $46 billion over the same stretch.
Disney reports its fiscal fourth quarter and gives its fiscal 2027 outlook on Nov. 17. The fund’s 13F for September is due a day earlier, by Nov. 16, and will show whether it held on through the run.
So what is Disney stock actually worth?
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any of the stocks mentioned. Thank you for reading, and happy investing!
