5 Best Cruise Stocks To Buy Now

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1. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Holders: 89

The Walt Disney Company (NYSE:DIS) ranks 1st on our list of the best cruise stocks. Disney Cruise Line, operated by The Walt Disney Company (NYSE:DIS), is a popular cruise line that offers family-oriented cruise experiences. They have a fleet of distinctive ships and sail to multiple destinations, providing entertainment, themed activities, and character interactions for guests of all ages. On February 8, The Walt Disney Company (NYSE:DIS) declared a $0.45 per share semi-annual dividend, a 50% increase from its prior dividend of $0.30 paid in January. The dividend is payable on July 25, to shareholders on record as of July 8. 

According to Insider Monkey’s fourth quarter database, 89 hedge funds were bullish on The Walt Disney Company (NYSE:DIS), same as the prior quarter. Nelson Peltz’s Trian Partners is the leading stakeholder of the company, with 32.3 million shares valued at $3 billion. 

Madison Sustainable Equity Fund made the following comment about The Walt Disney Company (NYSE:DIS) in its Q3 2023 investor letter:

“During the quarter, we sold our positions in Bristol-Myers Squibb and The Walt Disney Company (NYSE:DIS).  The Walt Disney Company is facing a difficult and uncertain transition in its core media business assets including the ESPN business and other linear media assets. These media assets are cash generative but face secular decline as consumers are cutting their expensive cable subscriptions and moving to alternative streaming options. This has resulted in a decline in operating profits for the media division. The media business has long-term fixed costs related to its sports broadcasting agreement with multiple sports leagues which will further pressure profits during this transition.”

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