10 Best Stocks to Buy According to Billionaire Steve Cohen

8. The Walt Disney Company (NYSE:DIS)

Point72 Asset Management’s Q4 Stake: $345.19 million

Number of Hedge Fund Holders: 108

The Walt Disney Company (NYSE:DIS), founded in 1923, is a well-known media and entertainment giant that produces and distributes a wide range of material, including movies, television series, and animated films. In addition, the company is well-known for its world-class theme parks.

On March 12, JPMorgan reaffirmed its Overweight rating on The Walt Disney Company (NYSE:DIS), with a $130 price target. The firm’s report highlighted Disney’s Parks & Experiences division’s contribution to the company’s sales and operational profits. According to JPMorgan, this area is likely to continue being the primary contributor to Disney’s financial results, even as the Direct-to-Consumer (DTC) sector grows.

The Walt Disney Company (NYSE:DIS) recently released first-quarter profits for 2025, beating expectations with earnings per share of $1.76, compared to the prediction of $1.45. The company’s revenues of $24.7 billion also met expectations, exhibiting strong performance led by growth in its DTC sector and blockbuster box office releases.

Meridian Hedged Equity Fund stated the following regarding The Walt Disney Company (NYSE:DIS) in its Q2 2024 investor letter:

“The Walt Disney Company (NYSE:DIS) operates a diversified entertainment business with theme parks, media networks, and streaming services. We own Disney because we believe its strong brand, valuable IP, and expanding streaming offerings will drive sustainable long-term growth. The company’s stock, however, underperformed in the quarter due to concerns about a slowdown in growth at its theme park division. While park revenue still grew by 10% year-over-year, management’s commentary suggested a moderation in post-pandemic demand and rising costs, leading to a disappointing outlook for park operating income in the second half of the year. This overshadowed the positive news that the company’s streaming segment, driven by strong subscriber growth at Disney+, reached profitability ahead of schedule. We held our position and will continue to monitor the performance of the theme park division.”