5 Biggest Companies Behind Upcoming Movies and TV Shows

3. The Walt Disney Company (NYSE: DIS)

Number of Hedge Fund Holders: 144

The Walt Disney Company (NYSE: DIS) ranks 3rd on the 10 biggest companies behind upcoming movie and T.V. shows. The California-based entertainment company will release at least 20 films this year, including live-action adaptation “Cruella,” Pixar animated film “Luca,” Marvel’s “Black Widow,” and Steven Spielberg’s “West Side Story.” The Walt Disney Company was founded in 1923. The entertainment company has grown to be one of the largest networks operating through its subsidiaries such as ESPN, Disney+, Star, and National Geographic. On the other hand, The Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures are among the motion pictures segment of Walt Disney Co.

The company has a market cap of $340 billion and a revenue of $16.2 billion in the first quarter of fiscal 2021. The stock has gained 83% in the last twelve months. Truist Securities keeps its buy rating on Walt Disney and raises its price target to $205 on April 16th.

There were 144 hedge funds that reported owning stakes in The Walt Disney Company (NYSE: DIS) at the end of the fourth quarter, up from 112 funds a quarter earlier. The total value of these stakes at the end of Q4 is $16.4 billion.