Morgan Stanley’s Top 5 Stock Picks for 2024

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1. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Holders: 89

2024 Return so far: ~26%

Established in 1923, The Walt Disney Company (NYSE:DIS) is a prominent media and entertainment conglomerate known for its diverse content production and distribution, including movies, television shows, and animated films. Additionally, the company is celebrated for its globally renowned theme parks.

On March 28, Needham adjusted its outlook on The Walt Disney Company (NYSE:DIS), raising the stock’s price target from $120.00 to $145.00 while maintaining a buy rating. This upward revision reflects Needham’s optimistic view of The Walt Disney Company (NYSE:DIS)’s future growth potential and overall performance in the entertainment industry.

According to Insider Monkey’s Q4 2023 database, 89 out of 933 hedge funds had purchased shares of the firm. The largest stakeholder among them was Nelson Peltz’s Trian Partners, which owned $2.9 billion worth of shares.

Disclosure: None. You can also take a look at the 19 Best Alternatives to Discord in 2024 and Top 15 Cities Where Gen Z is Moving in the US.

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