#3 - Disney (NYSE:DIS)
On multiple occasions last year, I was pounding the table for the Walt Disney Company (NYSE:DIS). Of course the company was going to have a difficult year. The company was dealing with a loss of revenue from its theme parks, resorts, and cruise ships. It likely won’t be until 2022 until the company is firing on all cylinders with any of those businesses.
And yet, over the last 12 months, DIS stock is up 80%. That’s because the company has more than one way to generate revenue. In late 2019, Disney introduced its own streaming service, Disney+. The company’s theme parks were not built for a global pandemic. But Disney+ was a port in the storm for many consumers who were looking for a distraction while staying at home.
Income investors may be ready to chime in about the company suspending its dividend. And it seems likely that it won’t be reinstating the dividend anytime soon. But then again, investors who stuck with DIS stock got an 80% appreciation. Investors are just starting to see what this business looks like when all the revenue streams are flowing. I think they’ll like what they see.
About Walt Disney
The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.
Read More - Current Price
- $103.25
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 23 Buy Ratings, 1 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $126.58 (22.6% Upside)
