5 Best Blue Chip Stocks Under $100

3. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Holders: 92

The Walt Disney Company (NYSE:DIS) shares have been battered amid growth concerns, tough competition in the streaming market and struggles of the company’s parks business. However, long-term analysts believe The Walt Disney Company (NYSE:DIS) could see a turnaround under the leadership of Bob Iger. Recently, Bank of America reiterated a Buy rating on The Walt Disney Company (NYSE:DIS). The Walt Disney Company (NYSE:DIS) said Bob Iger could shift the company’s focus to long-term growth. Bank of America has a price target of $110 on The Walt Disney Company (NYSE:DIS) shares.

A total of 92 hedge funds out of the 910 hedge funds tracked by Insider Monkey had stakes in The Walt Disney Company (NYSE:DIS) as of the end of the second quarter of 2023.

Diamond Hill Large Cap Strategy made the following comment about The Walt Disney Company (NYSE:DIS) in its Q2 2023 investor letter:

“Our bottom contributors in Q2 included health insurance company Humana, biopharmaceutical company Pfizer and global entertainment company The Walt Disney Company (NYSE:DIS). Disney’s Bob Iger returned to the CEO’s seat in November 2022, replacing Bob Chapek, who left following a turbulent tenure. As a result of disappointing quarterly results and incremental commentary suggesting a more inline strategy with other media, the market has become less confident that Iger will achieve a turnaround by the end of his 1.5- year contract. We continue to believe Disney has a unique collection of assets and owns some of the best content among all media companies. Their ability to monetize this content across many platforms — studio, theme park, toys, streaming — is incredibly valuable; thus we remain investors.”