Donald Yacktman Buys Shares of 3 Companies in Q3
Third quarter activity at the Yacktman Fund (Trades, Portfolio) (YACKX) was sparse. The managers bought no new stocks in the third quarter and added only to three. The fund holds 43 stocks and had a total value of $11.5 billion at quarter-end. The Yacktmans have 35.4% of the fund vested in Consumer Defensive stocks as their largest sector.
The three stock positions to which they added more shares in the third quarter were: Oracle Corp (ORCL), Twenty-First Century Fox Inc. (FOX) and Procter & Gamble Co. (PG).
Oracle Corp (ORCL)
Yacktman increased his stake in Twenty-First Century Fox Inc. by 13% in the third quarter, to 9.144 million shares. The stock accounts for 2.7% of the portfolio. Its third quarter average share price was $34.
Oracle Corporation was incorporated in 2005 as a Delaware corporation and is the successor to operations originally begun in June 1977. Oracle Corporation has a market cap of $166.44 billion; its shares were traded at around $37.56 with a P/E ratio of 15.70 and P/S ratio of 4.50. The dividend yield of Oracle Corporation stocks is 1.30%. Oracle Corporation had an annual average earnings growth of 18.00% over the past 10 years. GuruFocus rated Oracle Corporation the business predictability rank of 4.5-star.
Twenty-First Century Fox Inc. (FOX)
Yacktman increased his position in Oracle Corp 9.9%, buying 1.19 million for a total of 13.19 million. The position accounted for 4.4% of his portfolio. The stock's third quarter average share price was $41.
Twenty-First Century Fox Inc. is a Delaware corporation, incorporated in Nov. 12, 2004. Twenty-first Century Fox Inc. has a market cap of $69.12 billion; its shares were traded at around $31.56 with a P/E ratio of 16.20 and P/S ratio of 2.30. The dividend yield of Twenty-first Century Fox Inc. stocks is 0.80%. Twenty-first Century Fox Inc. had an annual average earnings growth of 11.80% over the past five years.
Procter & Gamble Co. (PG)
Yacktman increased his stake in Procter & Gamble 3.2%, buying 600,000 shares for a total of 10.65 million. The position is 8.2% of his portfolio. The stock's price averaged $81 in the quarter.
Procter & Gamble Co., an Ohio corporation was incorporated in 1905. Procter & Gamble Co. has a market cap of $222.68 billion; its shares were traded at around $82.24 with a P/E ratio of 20.90 and P/S ratio of 2.90. The dividend yield of Procter & Gamble Co. stocks is 3.0%. Procter & Gamble Co. had an annual average earnings growth of 2.7% over the past 10 years. GuruFocus rated Procter & Gamble Co. the business predictability rank of 1-star.
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This article first appeared on GuruFocus.