5 Best Vacation Stocks To Buy Now

Page 5 of 5

1. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Holders: 109   

The Walt Disney Company (NYSE:DIS) operates as an entertainment company worldwide. It is one of the top travel stocks to buy according to hedge funds. On September 16, Citi analyst Jason Bazinet kept a Buy rating on The Walt Disney Company (NYSE:DIS) stock and raised the price target to $305 from $275, noting that the value of the streaming service of the firm indicated that the service would command a premium in any deal.

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in The Walt Disney Company (NYSE:DIS), with 6.5 million shares worth more than $618 million. 

In its Q2 2022 investor letter, Oakmark Funds, an asset management firm, highlighted a few stocks and The Walt Disney Company (NYSE:DIS) was one of them. Here is what the fund said:

“Walt Disney Company (NYSE:DIS) is one of the most beloved consumer companies in the world. Its media business has a rich library of intellectual property, which provides a powerful engine for creating new content across the Disney, Pixar, Marvel, and Star Wars brands. This content also contributes to the success of Disney’s theme parks, which generated nearly half the company’s earnings and grew more than 10% annually in the decade prior to the pandemic. Shares have fallen nearly 50% over the past year as investors worried about the company’s ability to transition its media business to a direct-to-consumer streaming world. This transition has required management to make investments in its Disney+ streaming service that are depressing profitability today. However, we believe these investments will ultimately produce attractive returns as Disney+ continues to grow subscribers and increase pricing over time. As a result, we were able to purchase shares at a substantial discount to our estimate of intrinsic value.”

You can also take a peek at 10 Stocks Reddit’s WallStreetBets is Buying in July 2021 and Top Robinhood Stocks Popular on Reddit.

Page 5 of 5