of Yacktman Asset Management reported his third quarter portfolio
on Monday, which his largest new buys were WellPoint Inc. (
), CH Robinson Worldwide (
), Liberty Ventures (
) and Abbott Laboratories (
Yacktman and his associates, who are long-term focused investors,
produced a 10.8% return over the last 10 years, beating the 5.33%
returned by the S&P 500 over the same period.
Yacktman purchased 3,518,467 shares of WellPoint for $59 per
share on average in the third quarter. He owned the stock
previously, but sold out in the fourth quarter of 2010 after the
In the first three quarters of the year, WellPoint's stock
declined about 12.5%, with a significant decrease in the third
quarter, when Yacktman purchased it.
WellPoint is the largest health benefits company in the U.S. and
offers a wide variety of medical and specialty products. Its
affiliate health plans have nearly 34 million members and its
subsidiaries serve about 65 million clients.
The company's stock dipped in the third quarter when it reported
its second quarter results on July 25. WellPoint's net income was
$643.6 million, or $1.94 per share, down from $701.6 million, or
$1.86 per share, in the second quarter of 2011. The results were
negatively affected by lower enrollment due to competition, and
slightly higher medical cost trends, which caused the company to
reduce its full-year 2012 outlook.
Wellpoint has a market cap of $19.93 billion; its shares were
traded at around $60.83 with a P/E ratio of 8.6 and P/S ratio of
0.3. The dividend yield of Wellpoint stocks is 1.9%. Wellpoint
had an annual average earnings growth of 17.2% over the past 10
years. GuruFocus rated Wellpoint
the business predictability rank of 4-star
CH Robinson Worldwide (
Yacktman purchased 700,000 shares of CH Robinson Worldwide for
$57 per share on average in the third quarter. CH Robinson stock
declined 11% year to date.
CH Robinson is a global third-party logistics company founded in
1905. It works with 53,000 transportation providers around the
For its nine months ended Sept. 30, net income increased 4.7%
year over year to 337.4 million from $322.4 billion. Revenue
increased 3.4% to $1.3 billion from $1.2 billion.
CH Robinson Worldwide has a market cap of $9.59 billion; its
shares were traded at around $61.95 with a P/E ratio of 21.6 and
P/S ratio of 0.9. The dividend yield of CH Robinson Worldwide
stocks is 2.2%. CH Robinson Worldwide had an annual average
earnings growth of 19% over the past 10 years. GuruFocus rated CH
Robinson Worldwide the business predictability rank of 4-star.
CHRW data by
Liberty Ventures (
Yacktman purchased 206,321 shares of Liberty Ventures in the
third quarter. Its stock has gained 28% year to date.
Liberty Ventures is made of Liberty Interactive Corp's interests
in AOL, Expedia, Interval Leisure Group and other web sites,
other non-consolidated assets, and green energy investments.
Liberty Ventures has a market cap of $1.99 billion; its shares
were traded at around $57.89.
In the company's second quarter earnings, released Aug. 8, it
reported a 5% year-over-year increase in revenue to $2.37 billion
from $2.25 billion, on strong results at its QVC and eCommerce
companies. OIBDA increased 1% to $455 million on strong WVC
results, offset by weaker results at its eCommerce companies.
During the quarter, the company received approval from China's
government for a joint venture with China National Radio. It also
repurchased $257 million of its stock. In total, is has
repurchased approximately 24.6% of its shares since May 2006, and
has approximately $429 million remaining under its present stock
Abbott Laboratories (
Yacktman purchased 3,000 shares of his smallest new position,
Abbott Laboratories, for $66 per share on average, which is a
0.0012% weighting of his portfolio. Abbott Laboratories' stock
has increased 16% year to date.
Abbott Laboratories is a global, broad-based health care company
devoted to discovering new medicines, new technologies and new
ways to manage health.
Abbott's earnings for the first nine months of 2012 increased
57.9% year over year to $4.9 billion from $3.1 billion. Net sales
improved 2%, to $29.1 billion from $28.5 billion. The company
narrowed its earnings per share guidance for 2012 to $5.06 to
$5.08 from $5.00 to $5.10, due to strong performance for the year
and product launches that will contribute to growth.
Abbott will split into two health care companies on Jan. 1, 2013.
Abbott Laboratories has a market cap of $102.77 billion; its
shares were traded at around $65.04 with a P/E ratio of 13.1 and
P/S ratio of 2.6. The dividend yield of Abbott Laboratories
stocks is 3.1%. Abbott Laboratories had an annual average
earnings growth of 7.9% over the past 10 years. GuruFocus rated
Abbott Laboratories the business predictability rank of 4.5-star.
ABT data by
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