In this article, we discuss the 5 favorite stocks of Cathie Wood and Ken Fisher. If you want our detailed analysis of these stocks, go directly to the 10 Favorite Stocks of Cathie Wood and Ken Fisher.
5. The Walt Disney Company (NYSE:DIS)
Ken Fisher’s Stake Value: $1,878,713,000
Cathie Wood’s Stake Value: $66,633,000
Number of Hedge Fund Holders: 101
As of Q3 2021, Fisher and Wood hold substantial stakes in The Walt Disney Company (NYSE:DIS), which makes it one of their top favorite stocks. The Walt Disney Company (NYSE:DIS) is recognized for its enormous contributions to the media and entertainment industries via Walt Disney Pictures, Walt Disney Animation Studios, Pixar, Marvel Studios, Lucasfilm, 20th Century Studios, 20th Century Animation, and Searchlight Pictures. It was reported on November 29 that The Walt Disney Company (NYSE:DIS) reached 100 million subscribers across its streaming services, namely Disney+, Hulu, and ESPN+.
The Walt Disney Company (NYSE:DIS), on November 10, posted its Q3 earnings. EPS in the third quarter came in at $0.38, missing estimates by -$0.12. The $18.53 billion revenue also missed analysts’ consensus estimates by -$231.82 million. On November 29, Loop Capital analyst Alan Gould lowered the price target on The Walt Disney Company (NYSE:DIS) to $190 from $205 but kept a Buy rating on the shares.
One of the leading The Walt Disney Company (NYSE:DIS) stakeholders from Q3 is Philippe Laffont’s Coatue Management, with 5.85 million shares worth $989.6 million. Overall, 101 hedge funds were long The Walt Disney Company (NYSE:DIS), with total stakes valued at $9.41 billion.
Here is what RiverPark Funds has to say about The Walt Disney Company (NYSE:DIS) in its Q2 2021 investor letter:
“DIS shares declined for the quarter, taking a pause after a big fourth quarter and first quarter stock price advance, as Disney+ subscriber numbers were disappointing to investors. Disney+, the company’s DTC streaming business, had blown past previous subscriber projections, having gone from zero to 104 million in 17 months, but investors were now expecting 109 million subscribers. Management still expects significant continued growth to 230-260 million subscribers in 2024.
DIS is blessed with a deep library of unique content that includes both live sports (providing large, non-time shifted audiences) and incomparable brands including Disney, Marvel, Pixar and Lucasfilm, as well as the ABC network. The company also has a wealth of upcoming new content, expecting over 100 original titles per year, including two new Star Wars spin-off series, 10 Star Wars films, 10 Marvel films, 15 Disney and Pixar films and 15 Disney and Pixar series.
Now that the disruption in its theme park, cruise and theatrical businesses appears to be coming to an end, we believe that Disney is among the best-positioned media companies in the new landscape to combine multi-channel and DTC distribution. We also note that DIS has an extremely strong balance sheet and a growing pool of free cash flow to be used both to return to shareholders and to invest in future opportunities.”
