During the second quarter, the Yacktman Fund (Trades, Portfolio) added to its stake in Samsung (XKRX:005935) at an average price of 1086610 Korean Won ($988.42). The trade had a 1.63% on the Yacktman Fund (Trades, Portfolio)’s portfolio. The Fund now owns 332,834 shares of the company.
Samsung began its operations under the laws of the Republic of Korea in 1969. The company operates in 3 divisions: consumer electronics (CE), information technology and mobile communications(IM) and device solution (DS). Since the company was originally founded in 1969, it has evolved into a global business that currently manages more than 200 subsidiaries across the globe. Samsung’s products include TVs, monitors, printers, refrigerators and washing machines, as well as key mobile telecommunications products like smartphones and tablets. Continue Reading »