Top 5 Stock Picks of Imran Khan’s Proem Advisors

3. The Walt Disney Company (NYSE:DIS)

Proem Advisors’ Stake Value: $10,546,000

Percentage of Proem Advisors’ 13F Portfolio: 8.27%

Number of Hedge Fund Holders: 112

The Walt Disney Company (NYSE:DIS) is an American multinational entertainment and media conglomerate, founded by Walt Disney in 1923. Some of its popular divisions are The Walt Disney Pictures, Walt Disney Animation Studios, Pixar, Marvel Studios, and Disney World, among others. The Walt Disney Company (NYSE:DIS) is one of Imran Khan’s top stock picks. 

Proem Advisors’ owns 60,000 shares in The Walt Disney Company (NYSE:DIS), valued at $10.54 million, accounting for 8.27% of Khan’s 13F portfolio. 

At the end of June, 112 hedge funds were bullish on The Walt Disney Company (NYSE:DIS), down from 134 in Q1. 

Here is what RiverPark Funds has to say about The Walt Disney Company (NYSE:DIS) in its Q2 2021 investor letter:

“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.

DIS is blessed with a deep library of unique content that includes both live sports (providing large, non-time shifted audiences) and incomparable brands including Disney, Marvel, Pixar and Lucasfilm, as well as the ABC network. The company also has a wealth of upcoming new content, expecting over 100 original titles per year, including two new Star Wars spin-off series, 10 Star Wars films, 10 Marvel films, 15 Disney and Pixar films and 15 Disney and Pixar series.

Now that the disruption in its theme park, cruise and theatrical businesses appears to be coming to an end, we believe that Disney is among the best-positioned media companies in the new landscape to combine multi-channel and DTC distribution. We also note that DIS has an extremely strong balance sheet and a growing pool of free cash flow to be used both to return to shareholders and to invest in future opportunities.”