5 Best Travel Stocks To Buy Right Now

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1. The Walt Disney Company (NYSE:DIS

Number of Hedge Fund Holders: 111  

The Walt Disney Company (NYSE:DIS) is a media and entertainment firm. The stock has declined in the past few weeks following a political controversy in Florida and concerns around the growth of streaming firms despite heavy spending. The earnings momentum is also behind the firm as it expects to grow earnings per share to $4.44 in 2022, up more than 91% compared to the EPS in 2021. This pace of growth will slow to, but remain above average for the industry overall, 22% in 2023 and 2024. 

On April 19, Rosenblatt analyst Barton Crockett initiated coverage of The Walt Disney Company (NYSE:DIS) stock with a Buy rating and a price target of $177, noting that demand for Disney theme parks was stronger than ever as international travel increased. 

At the end of the fourth quarter of 2021, 111 hedge funds in the database of Insider Monkey held stakes worth $6.9 billion in The Walt Disney Company (NYSE:DIS), up from 101 the preceding quarter worth $9.4 billion.

In its Q4 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and The Walt Disney Company (NYSE:DIS) was one of them. Here is what the fund said:

“The communication services sector was a weak spot in both the benchmark and the portfolio in the fourth quarter. The Walt Disney Company (NYSE:DIS) announced lower than expected streaming subscriber growth to the company’s Disney+ offering, attributable primarily to the content release schedule. The Walt Disney Company (NYSE:DIS) has been ramping up content spending given strong global response to Disney+, although production capability was temporarily impacted by COVID-19. We still believe The Walt Disney Company (NYSE:DIS) is on track to reach the subscriber outlook outlined at its December 2020 analyst day, driven by a very robust slate of content releases, particularly in the 2022–2024 time period.”

You can also take a peek at 12 Best Environmental Stocks to Invest In and 10 Best Nickel Stocks to Buy Now.

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