In this article, we will discuss 5 best stocks to buy according to Ric Dillon’s Diamond Hill Capital based on Q2 holdings of the fund. If you want to read our detailed analysis of Dillon’s history, investment philosophy, and hedge fund performance, go directly to the 10 Best Stocks to Buy According to Ric Dillon’s Diamond Hill Capital.
5. The Walt Disney Company (NYSE: DIS)
Dillon’s Stake Value: $653,472,000
Percentage of Ric Dillon’s 13F Portfolio: 2.48%
Number of Hedge Fund Holders: 112
The Walt Disney Company (NYSE: DIS) and its subsidiaries are a global entertainment conglomerate. It was incorporated in 1923 and is placed fifth on the list of 10 best stocks to buy according to Ric Dillon’s Diamond Hill Capital. The Walt Disney Company (NYSE: DIS) currently has a $325.39 billion market capitalization and was able to deliver a 36.89% return in the past 12 months.
On August 13, RBC Capital analyst Kutgun Maral raised the price target on The Walt Disney Company (NYSE: DIS) to $210 from $202 and kept an “Outperform” rating on the shares. On August 12, The Walt Disney Company (NYSE: DIS) declared earnings for the third quarter of 2021. It posted earnings per share of $0.80, beating the estimates by $0.25.
The hedge fund chaired by Ric Dillon holds 3.72 million shares in The Walt Disney Company (NYSE: DIS) worth over $653 million, representing 2.48% of their portfolio. In addition, Diamond Hill Capital increased stakes in the firm by 13% in the second quarter of 2021. Crake Asset Management is a leading shareholder in The Walt Disney Company (NYSE: DIS), with 83,200 shares worth more than $14 billion.
“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 ….”(Click here to see the full text)