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Donald Yacktman Buys 4 New Stocks in Q3
11/5/2012 6:36:00 PM
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 (
CH Robinson Worldwide ( CHRW )
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 world.
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 GuruFocus.com
Liberty Ventures ( LVNTA )
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 repurchase authorization.
Abbott Laboratories ( ABT )
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 GuruFocus.com
See more of Donald Yacktman's portfolio updates here. Also check out his undervalued stocks, top growth companies and high yield stocks.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .