Jim Cramer’s Latest Portfolio: Top 10 Stocks in July

4. Walt Disney Co (NYSE:DIS)

Number of Hedge Fund Investors: 92

A caller recently asked Jim Cramer during his program whether he should sell Walt Disney Co (NYSE:DIS) because of its disappointing performance. Cramer said “no!”

“Please don’t do that. My charitable trust has been buying some right here. It sells only 20 times earnings. It’s got box office success. It’s got the theme parks.”

Cramer said that the stock should not be sold and “if anything, I’d be inclined to buy some.”

Diamond Hill Capital Long-Short Fund stated the following regarding The Walt Disney Company (NYSE:DIS) in its first quarter 2024 investor letter:

“Other top Q1 contributors included Meta Platforms, Citigroup and The Walt Disney Company (NYSE:DIS). Media and entertainment company Walt Disney faced — and defeated — an activist campaign and proxy battle during the quarter, giving a boost to shares. Profitability has also improved — with the company announcing it expects to reach double-digits profitability in its streaming business — and it announced forthcoming capital returns to shareholders.”