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After the closing bell on Tuesday, Disney (DIS) released its second quarter financial results. Here’s what the results mean for mutual fund investors.
Earnings
The company reported earnings of $2.11 billion, or $1.23 per share, up from $1.92 billion, or $1.08 per share, last year. Excluding special items, earnings were $1.23 per share – above analysts’ view of $1.11 per share.
Revenue
Revenue increased 7% to $12.46 billion from $11.65 billion. Analysts expected to see revenue of $12.25 billion.
Consumer product revenue increased 10% in the second quarter, led by ‘Frozen’ merchandise which sold 10 times more merchandise than it did in the same quarter a year ago.
The company noted that it also expects to see consumer excitement for consumer products for ‘Star Wars: The Force Awakens.’
Investors interested in DIS may also consider a mutual fund as an alternative to owning the individual stock. The funds below currently hold the largest stakes in DIS.
| Symbol | Mutual Fund | Stake |
|---|---|---|
| VTSMX | Vanguard Total Stock Index Fund | 1.55% |
| FCNTX | Fidelity Contrafund | 1.35% |
| VFINX | Vanguard 500 Index | 1.01% |
The funds above are a great way for investors to gain exposure to a diverse bundle of securities and industries. Investors interested in Disney may also be interested in SeaWorld Entertainment (SEAS) and Time Warner (TWX).
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