The 5 Best Roth IRA Equity Hedge Funds Buy
In this article, we discuss the 5 best Roth IRA equity hedge funds that they buy. If you want to read our detailed analysis of these stocks, go directly to the Top 10 Roth IRA Equity Hedge Funds Buy.
5. The Walt Disney Company (NYSE: DIS)
Number of hedge fund holders: 134
The Walt Disney Company (NYSE: DIS) is a California-based mass media and entertainment company. It is ranked fifth on our list of the 10 best Roth IRA equity hedge funds they buy. The company’s shares have offered investors returns of over 46% over the past twelve months. On July 13, investment bank Morgan Stanley reiterated an overweight rating on the stock and pointed out that the company was building content assets to take advantage of the new streaming business with platforms like Disney +.
On June 14, investment advisor Tigress Financial maintained a buy rating on The Walt Disney Company (NYSE: DIS) stock with a 12-month price target of $ 227, noting that the company had performed well for pandemic and was well positioned for post-pandemic recovery.
At the end of the first quarter of 2021, 134 hedge funds in Insider Monkey’s database had $ 12.5 billion in stakes in The Walt Disney Company (NYSE: DIS), up from 144 in the previous quarter. valued at $ 16.4 billion.
In its letter to investors for the 4th quarter of 2020, Harding loevner, an asset management company, put forward a few stocks and The Walt Disney Company (NYSE: Dis) was one of them. Here this is what the fund says:
“One of the original components of the Nifty Fifty now occupies a place in our portfolio. When we bought Disney three years ago, we wrote that “we view Disney theme parks in the United States, Europe and China as resistant to online substitution.” We didn’t count on a pandemic, which shut them all down and sent us all back to our sofas. Disney, however, was ready for us, brilliantly illustrating the importance of managerial foresight and change management. Or, as Louis Pasteur said, “chance favors the prepared mind.
A century after its founding in 1923, Disney is in the midst of a bold shift in its legacy media networks and entertainment model – with cable TV, theme parks and theatrical movies dominating its revenue – to a direct-to-consumer streaming media model. . The keys to Disney’s transition: incomparable storytelling, coupled with financial strength. The company reliably creates content that people around the world can’t wait to consume. It also ramped up spending on original content to attract subscribers to its new streaming platform. These factors have helped Disney weather the pandemic by expanding its direct engagement with customers. Such connections produce a rich harvest of information used to personalize large-scale offerings, reinforcing this engagement in a virtuous cycle and thus increasing the lifetime value of each customer. The number of Disney + subscribers reached 86.8 million a year after launch, compared to 60 to 90 million managers who are expected to reach in 2024. Admittedly, Netflix, Apple and Amazon remain formidable competitors in the streaming entertainment of the new era (think about what we said about everyone dawns at once), but there is still some fighting in this old dog.