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Laffer Investments Buys Schlumberger, Medtronic PLC, Union Pacific, Sells Apple, Exxon Mobil, ...

Laffer Investments

  • New Purchases: SLB , MDT , UNP , GS, TXN, SBUX, PNC, TMO, ADP, SCHW,
  • Added Positions:DCUC, CME, SE, PAYX, BMY, MCK, CTL, SHW, HRB, DHI,
  • Reduced Positions:JNJ, PG, T, PFE, KO, CSCO, AMGN, MO, UPS, BA,
  • Sold Out:AAPL, XOM, VZ, WFC, BAC, MRK, C, IBM, MCD, WMT,

For the details of Laffer Investments's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Laffer+Investments

These are the top 5 holdings of Laffer Investments

  1. Microsoft Corp ( MSFT ) - 160,584 shares, 3.17% of the total portfolio. Shares reduced by 2.92%
  2. JPMorgan Chase & Co ( JPM ) - 82,931 shares, 2.27% of the total portfolio. Shares added by 1.13%
  3. Anthem Inc ( ANTX ) - 92,731 shares, 1.38% of the total portfolio. Shares added by 5.73%
  4. Intel Corp ( INTC ) - 117,408 shares, 1.35% of the total portfolio. Shares added by 14.57%
  5. Dominion Resources Inc ( DCUC ) - 83,385 shares, 1.34% of the total portfolio. Shares added by 147.87%

New Purchase: Schlumberger Ltd (SLB)

Laffer Investments initiated holdings in Schlumberger Ltd. The purchase prices were between $77.76 and $86.38, with an estimated average price of $81.96. The stock is now traded at around $81.13. The impact to the portfolio due to this purchase was 1.06%. The holdings were 39,595 shares as of 2016-12-31.

New Purchase: Medtronic PLC (MDT)

Laffer Investments initiated holdings in Medtronic PLC. The purchase prices were between $71.23 and $86.39, with an estimated average price of $78.56. The stock is now traded at around $77.99. The impact to the portfolio due to this purchase was 1.04%. The holdings were 46,065 shares as of 2016-12-31.

New Purchase: Union Pacific Corp (UNP)

Laffer Investments initiated holdings in Union Pacific Corp. The purchase prices were between $87.89 and $106.33, with an estimated average price of $98.32. The stock is now traded at around $109.39. The impact to the portfolio due to this purchase was 0.9%. The holdings were 27,385 shares as of 2016-12-31.

New Purchase: Goldman Sachs Group Inc (GS)

Laffer Investments initiated holdings in Goldman Sachs Group Inc. The purchase prices were between $161.07 and $243.09, with an estimated average price of $203.06. The stock is now traded at around $249.44. The impact to the portfolio due to this purchase was 0.88%. The holdings were 11,610 shares as of 2016-12-31.

New Purchase: Texas Instruments Inc (TXN)

Laffer Investments initiated holdings in Texas Instruments Inc. The purchase prices were between $67.6 and $74.87, with an estimated average price of $71.37. The stock is now traded at around $76.25. The impact to the portfolio due to this purchase was 0.86%. The holdings were 37,290 shares as of 2016-12-31.

New Purchase: Starbucks Corp (SBUX)

Laffer Investments initiated holdings in Starbucks Corp. The purchase prices were between $51.77 and $59.31, with an estimated average price of $55.4. The stock is now traded at around $56.73. The impact to the portfolio due to this purchase was 0.84%. The holdings were 47,755 shares as of 2016-12-31.

Added: Dominion Resources Inc ( DCUC )

Laffer Investments added to the holdings in Dominion Resources Inc by 147.87%. The purchase prices were between $48.74 and $51.24, with an estimated average price of $50.05. The stock is now traded at around $50.01. The impact to the portfolio due to this purchase was 0.8%. The holdings were 83,385 shares as of 2016-12-31.

Added: CME Group Inc (CME)

Laffer Investments added to the holdings in CME Group Inc by 208.97%. The purchase prices were between $99.64 and $123.43, with an estimated average price of $111.28. The stock is now traded at around $121.83. The impact to the portfolio due to this purchase was 0.65%. The holdings were 26,321 shares as of 2016-12-31.

Added: Spectra Energy Corp (SE)

Laffer Investments added to the holdings in Spectra Energy Corp by 610.77%. The purchase prices were between $38.88 and $43.33, with an estimated average price of $41.44. The stock is now traded at around $41.41. The impact to the portfolio due to this purchase was 0.64%. The holdings were 57,530 shares as of 2016-12-31.

Added: Paychex Inc (PAYX)

Laffer Investments added to the holdings in Paychex Inc by 177.45%. The purchase prices were between $53.65 and $61.93, with an estimated average price of $57.62. The stock is now traded at around $59.49. The impact to the portfolio due to this purchase was 0.58%. The holdings were 46,489 shares as of 2016-12-31.

Added: Bristol-Myers Squibb Company (BMY)

Laffer Investments added to the holdings in Bristol-Myers Squibb Company by 53.33%. The purchase prices were between $49.23 and $59.61, with an estimated average price of $54.67. The stock is now traded at around $54.28. The impact to the portfolio due to this purchase was 0.35%. The holdings were 54,281 shares as of 2016-12-31.

Added: McKesson Corp (MCK)

Laffer Investments added to the holdings in McKesson Corp by 76.25%. The purchase prices were between $124.11 and $165.82, with an estimated average price of $147.1. The stock is now traded at around $149.42. The impact to the portfolio due to this purchase was 0.27%. The holdings were 14,123 shares as of 2016-12-31.

Sold Out: Apple Inc (AAPL)

Laffer Investments sold out the holdings in Apple Inc. The sale prices were between $105.71 and $118.25, with an estimated average price of $113.4.

Sold Out: Exxon Mobil Corp (XOM)

Laffer Investments sold out the holdings in Exxon Mobil Corp. The sale prices were between $83.32 and $92.58, with an estimated average price of $87.38.

Sold Out: Verizon Communications Inc (VZ)

Laffer Investments sold out the holdings in Verizon Communications Inc. The sale prices were between $46.18 and $53.74, with an estimated average price of $49.98.

Sold Out: Wells Fargo & Co (WFC)

Laffer Investments sold out the holdings in Wells Fargo & Co. The sale prices were between $43.75 and $57.29, with an estimated average price of $50.28.

Sold Out: Bank of America Corporation (BAC)

Laffer Investments sold out the holdings in Bank of America Corporation. The sale prices were between $15.63 and $23.16, with an estimated average price of $19.26.

Sold Out: Merck & Co Inc (MRK)

Laffer Investments sold out the holdings in Merck & Co Inc. The sale prices were between $58.43 and $64.96, with an estimated average price of $61.33.

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This article first appeared on GuruFocus .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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