Ray Dalio is Buying These 5 Stocks in 2022

In this article, we discuss 5 stocks that Ray Dalio is buying in 2022. If you want to see more additions to the billionaire’s portfolio, click Ray Dalio is Buying These 10 Stocks in 2022. 

5. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Holders: 111

The Walt Disney Company (NYSE:DIS) is an American corporation that operates as an entertainment company worldwide. The company offers expertise in media, entertainment distribution, parks, experiences, and merchandise. Bridgewater Associates acquired 209,577 shares of The Walt Disney Company (NYSE:DIS) in Q1 2022, worth $28.7 million, representing 0.11% of the total 13F portfolio. 

On May 11, The Walt Disney Company (NYSE:DIS) reported its Q1 financial results, posting earnings per share of $1.08, missing analysts’ estimates by $0.11. The revenue grew 23.29% year-over-year to $19.25 billion, but fell short of market predictions by $788.52 million. 

Barclays analyst Kannan Venkateshwar on May 13 lowered the price target on The Walt Disney Company (NYSE:DIS) to $130 from $168 and reiterated an Equal Weight rating on the shares. As per the analyst, volatility of quarterly trends across segments, the current macro backdrop, and high benchmarks might push the “valuation floor lower” for The Walt Disney Company (NYSE:DIS). 

According to Insider Monkey’s Q4 data, 111 hedge funds were bullish on The Walt Disney Company (NYSE:DIS), up from 101 funds in the preceding quarter. In the first quarter of 2022, David Goel and Paul Ferri’s Matrix Capital Management disclosed an $868.2 million stake in The Walt Disney Company (NYSE:DIS). 

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.”