ClearBridge Investments, an investment management firm, published its “Sustainability Leaders Strategy” fourth quarter 2021 investor letter – a copy of which can be downloaded here. The ClearBridge Sustainability Leaders Strategy outperformed its Russell 3000 Index benchmark during the fourth quarter. On an absolute basis, the Strategy had gains in nine of 10 sectors in which it was invested (out of 11 sectors total). The main contributors were the IT, consumer discretionary, and health care sectors. The communication services sector was the sole detractor. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.
ClearBridge Investments Sustainability Leaders Strategy, in its Q4 2021 investor letter, mentioned The Walt Disney Company (NYSE:DIS) and discussed its stance on the firm. Founded in 1923, The Walt Disney Company (NYSE:DIS) is a Burbank, California-based entertainment company with a $252.3 billion market capitalization, and is currently spearheaded by its CEO, Bob Chapek. The Walt Disney Company (NYSE:DIS) delivered a -10.53% return since the beginning of the year, while its 12-month returns are down by -26.96%. The stock closed at $138.58 per share on April 04, 2022.
Here is what ClearBridge Investments Sustainability Leaders Strategy has to say about The Walt Disney Company (NYSE:DIS) in its Q4 2021 investor letter:
“The communication services sector was a weak spot in both the benchmark and the portfolio in the fourth quarter. Disney announced lower than expected streaming subscriber growth to the company’s Disney+ offering, attributable primarily to the content release schedule. Disney has been ramping up content spending given strong global response to Disney+, although production capability was temporarily impacted by COVID-19. We still believe Disney 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.”
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Our calculations show that The Walt Disney Company (NYSE:DIS) ranks 11th on our list of the 30 Most Popular Stocks Among Hedge Funds. The Walt Disney Company (NYSE:DIS) was in 111 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 101 funds in the previous quarter. The Walt Disney Company (NYSE:DIS) delivered a -12.04% return in the past 3 months.
In March 2022, we also shared another hedge fund’s views on The Walt Disney Company (NYSE:DIS) in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.
Disclosure: None. This article is originally published at Insider Monkey.
