5 Leisure and Recreation Services Stocks to Buy

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1. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Holders: 89

The Walt Disney Company (NYSE:DIS) is an entertainment company that operates a cruise line operation, theme parks, and resorts, including Walt Disney World Resort and Disneyland Resort, among others. The Walt Disney Company (NYSE:DIS)’s Experiences segment’s revenue increased by 7% year-over-year to $9.132 billion for the first quarter of the 2024 fiscal year.

On April 17, Reuters reported that the Anaheim city council gave its approval for The Walt Disney Company’s (NYSE:DIS) expansion plan called DisneylandForward. Under the project, the company plans on making an investment of around $1.9 billion over the next 10 years in developing theme park experiences and lodging.

The Walt Disney Company (NYSE:DIS) takes the top spot on our list of leisure and recreation services stocks to buy. The stock was part of 89 funds’ portfolios and the total stake amounted to $7.39 billion in the fourth quarter of 2023. As of Q4 of 2023, with 32.337 million shares worth $2.92 billion, Trian Partners is the biggest shareholder in the company, representing 41.67% of the firm’s portfolio.

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Should you invest $1,000 in The Walt Disney Company (NYSE:DIS) right now?

Before you buy stock in DIS, consider this:

The Insider Monkey Quarterly Newsletter just identified what we believe are the 14 best stocks for investors to buy now… and DIS wasn’t one of them. The 14 stocks that made the cut could produce monster returns in the next few months.

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Disclosure: None. You can also look at the 20 States with the Highest Divorce Rates in the US and Cathie Wood’s Latest Stock Portfolio: Top 10 Stock Picks.

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