In this article, we will take a look at the 5 stocks to buy according to Carson Yost’s Yost Capital Management. You can see our detailed analysis of Yost’s history, investment philosophy, and hedge fund performance directly at the 9 Stocks To Buy According To Carson Yost’s Yost Capital Management.
5. Cheniere Energy, Inc. (NYSE:LNG)
Yost Capital Management’s Stake Value: $9.97 million
Percentage of Yost Capital Management’s 13F Portfolio: 11.13%
Number of Hedge Fund Holders: 49
Cheniere Energy, Inc. (NYSE:LNG) is placed fifth on our list of the 9 stocks to buy according to Carson Yost’s Yost Capital Management. Based in Texas, Cheniere Energy, Inc. (NYSE:LNG) operates as an international energy company that exports liquified natural gas.
On October 22, JPMorgan analyst Jeremy Tonet raised the price target on Cheniere Energy, Inc. (NYSE:LNG) to $133 from $104, and kept an Overweight rating on the shares of the company.
At the end of the second quarter of 2021, 49 hedge funds in the database of Insider Monkey held stakes worth $2.9 billion in Cheniere Energy, Inc. (NYSE:LNG), up from 40 in the previous quarter worth $2.5 billion. According to the recent 13F Filings, Carson Yost’s Yost Capital Management holds 115,000 shares of the company, amounting to more than $9.97 million in worth and accounting for 11.13% of the fund’s investment portfolio.
4. Bunge Limited (NYSE:BG)
Yost Capital Management’s Stake Value: $10.17 million
Percentage of Yost Capital Management’s 13F Portfolio: 11.35%
Number of Hedge Fund Holders: 40
Bunge Limited (NYSE: BG) is an American agribusiness and food company that is involved in food processing, grain trading, and fertilizers. Coming in at fourth on our list of the 9 stocks to buy according to Carson Yost’s Yost Capital Management, Bunge Limited (NYSE:BG) has a market capitalization of $12.52 billion.
Baird analyst Ben Kallo remains bullish on Bunge Limited (NYSE:BG), and keeps an Outperform rating on the company alongside an $89 price target.
As of Q2 2021, 40 hedge funds tracked by Insider Monkey have positions in Bunge Limited (NYSE: BG), worth $399.2 million. For the same quarter, Yost Capital Management reported owning 130,200 shares of the company, worth more than $10.17 million and representing 11.35% of the fund’s total portfolio value.
3. The Walt Disney Company (NYSE:DIS)
Yost Capital Management’s Stake Value: $10.19 million
Percentage of Yost Capital Management’s 13F Portfolio: 11.37%
Number of Hedge Fund Holders: 112
The Walt Disney Company (NYSE:DIS) is a multinational mass media and entertainment conglomerate.
The company is expected to grow earnings at 37.5% over the next year, well ahead of the market’s expected 14.5%. In addition, the increasing influence of Disney+ should improve the company’s margins and ROE.
Overall, 112 funds were bullish on the company by the end of the June quarter, compared to 134 in the previous quarter. Carson Yost’s hedge fund holds 57,976 shares of the company. These shares are valued at $10.19 million at the end of Q2, and account for 11.37% of his fund’s portfolio.
In its Q2 2021 investor letter, RiverPark Funds mentioned The Walt Disney Company (NYSE:DIS) and discussed its stance on the firm. Here is what the fund said:
“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.”
2. The Charles Schwab Corporation (NYSE:SCHW)
Yost Capital Management’s Stake Value: $12.8 million
Percentage of Yost Capital Management’s 13F Portfolio: 14.3%
Number of Hedge Fund Holders: 72
The Charles Schwab Corporation (NYSE:SCHW) is a multinational financial services company that offers commercial banking, asset management and wealth management services.
By the end of the second quarter of 2021, 72 hedge funds out of the 873 tracked by Insider Monkey held stakes in The Charles Schwab Corporation (NYSE:SCHW) worth roughly $4.85 billion.
On October 22, Citi analyst William Katz raised his price target on The Charles Schwab Corporation (NYSE:SCHW) to $100 from $98, and kept a Buy rating on the shares of the company.
Lakehouse Capital, an investment management firm, releases its Q2 2021 investor letter and mentioned The Charles Schwab Corporation (NYSE:SCHW) in it. Here is what the firm has to say:
“Charles Schwab is not a household name in Australia but it is in the US where it is the largest discount broker with more than 32 million brokerage accounts, 2 million corporate retirement plans, and total client assets of US$7.4 trillion. Schwab’s shares performed extremely well during the year thanks to a confluence of factors including a strong stock market with the S&P 500 up 39% year-on-year, the company’s recent merger with industry heavyweight TD Ameritrade, and expectations that interest rate income would grow as the US economy gained steam.
Two other important contributors to Schwab’s year, which were a mix of cyclical and structural, were an increase in net new accounts and increased trading activity. We view these as cyclical in the sense that markets are performing very well and that retail investors have been bored and emboldened during the American lockdowns, however, also structural because Schwab’s shift to $0 commissions on equity trades has permanently reduced a barrier to trading for investors with smaller accounts. We also note that, while brokerage activity is cyclical, the average brokerage account itself is very sticky — we estimate normalised annual retention rates for accounts of better than 93% — and that the average client assets per account grow over time thanks to asset growth and clients collectively being net savers.
Schwab makes for an excellent natural hedge for the Fund as Schwab tends to perform well when interest rates increase, which is generally negative for the rest of the portfolio. And the position did its job for us by increasing during a rising interest rate environment, enabling us to harvest much of our gains from Schwab and redeploy them to shares of other growth companies that had gotten cheaper in response to higher rates. We’re mindful of the run in the shares and the cyclical nature of the business but comfortable keeping a small position for now given Schwab’s natural hedging dynamics, extremely loyal customers, and an industry-leading position in a growing market.”
1. VeriSign, Inc. (NASDAQ:VRSN)
Yost Capital Management’s Stake Value: $15.2 million
Percentage of Yost Capital Management’s 13F Portfolio: 16.98%
Number of Hedge Fund Holders: 41
VeriSign, Inc. (NASDAQ:VRSN) is a Virginia-based internet company that operates a diverse network infrastructure, and provides authentication and verification of businesses throughout the world. Topping our list of the 9 stocks to buy according to Carson Yost’s Yost Capital Management, VeriSign, Inc. (NASDAQ:VRSN) has a market capitalization of $24.47 billion.
According to the recent 13F Filings, Carson Yost’s Yost Capital Management holds 66,825 shares of VeriSign, Inc. (NASDAQ:VRSN), amounting to $15.2 million in worth and representing 16.98% of the fund’s portfolio. By the end of the second quarter of 2021, 41 hedge funds out of the 873 tracked by Insider Monkey held stakes in VeriSign, Inc. (NASDAQ:VRSN), worth $6.1 billion. This is compared to 42 hedge funds in the previous quarter with a total stake value of approximately $5.63 billion.
Citi analyst Nicholas Jones remains bullish on VeriSign, Inc. (NASDAQ:VRSN), raising the price target on the company’s shares to $245 from $235, alongside a Neutral rating.
You can also take a look at 10 Best Undervalued Dividend Stocks to Buy Now and 10 Stocks that Released Solid Quarterly Earnings
