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James Barrow Buys Molex Inc., Healthsouth Corp., Mobile Mini Inc., Johnson & Johnson, Sells Sempra Energy

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Barrow, Hanley, Mewhinney & Strauss, the firm that James Barrow runs, just reported their Q2 portfolio. These are the details of buys and sells.

Like many other value investors, James Barrow had a hard time to keep up with the market in the go-go years of 1990s. He then outperformed the market substantially in the next 5- and 10-year periods.

James Barrow always makes sure that his portfolio exhibit below-market price-to-earnings ratios, below-market price-to-book ratios, and above-market dividend yields, regardless of market conditions.

James Barrow buys Molex Inc., Healthsouth Corp., Mobile Mini Inc., sells Sempra Energy during the 3-months ended 06/30/2010, according to the most recent filings of his investment company, Barrow, Hanley, Mewhinney & Strauss. James Barrow owns 157 stocks with a total value of $39.6 billion. These are the details of the buys and sells.

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

This is the sector weightings of his portfolio:

Financials 20.7%
Industrials 14.7%
Health Care 13.3%
Technology 12.9%
Consumer Goods 12.2%
Utilities 8%
Oil & Gas 7.2%
Consumer Services 6.6%
Telecommunications 2.4%
Basic Materials 2%


These are the top 5 holdings of James Barrow

  1. BristolMyers Squibb Company (BMY) - 54,630,737 shares, 3.44% of the total portfolio. Shares reduced by 3.03%
  2. Occidental Petroleum Corp. (OXY) - 15,158,614 shares, 2.95% of the total portfolio. Shares reduced by 0.5%
  3. International Business Machines Corp (IBM) - 9,361,440 shares, 2.92% of the total portfolio. Shares added by 0.03%
  4. IMPERIAL TOBACCO GRO (ITYBY.PK) - 20,014,719 shares, 2.84% of the total portfolio. Shares reduced by 0.39%
  5. The PNC Financial Services Group Inc. (PNC) - 19,789,784 shares, 2.82% of the total portfolio. Shares reduced by 0.94%


Added: Entergy Corp. (ETR)

James Barrow added to his holdings in Entergy Corp. by 45.86%. His purchase prices were between $71.99 and $84.07, with an estimated average price of $77.52. The impact to his portfolio due to this purchase was 0.46%. His holdings were 8,106,541 shares as of 06/30/2010.

Entergy Corporation engages principally in the following businesses: domestic utility operations, power marketing and trading, global power development, and domestic non-utility nuclear operations. Entergy Corp. has a market cap of $14.88 billion; its shares were traded at around $78.58 with a P/E ratio of 11 and P/S ratio of 1.4. The dividend yield of Entergy Corp. stocks is 4.3%. Entergy Corp. had an annual average earning growth of 7.1% over the past 10 years. GuruFocus rated Entergy Corp. the business predictability rank of 2.5-star.

Added: Johnson & Johnson (JNJ)

James Barrow added to his holdings in Johnson & Johnson by 44.4%. His purchase prices were between $58 and $66.03, with an estimated average price of $62.2. The impact to his portfolio due to this purchase was 0.38%. His holdings were 8,241,689 shares as of 06/30/2010.

Johnson & Johnson is engaged in the manufacture and sale of a broad range of products in the health care field in many countries of the world. Johnson & Johnson has a market cap of $161.35 billion; its shares were traded at around $58.5 with a P/E ratio of 12.4 and P/S ratio of 2.7. The dividend yield of Johnson & Johnson stocks is 3.7%. Johnson & Johnson had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated Johnson & Johnson the business predictability rank of 4.5-star.

Added: Baxter International Inc. (BAX)

James Barrow added to his holdings in Baxter International Inc. by 14.66%. His purchase prices were between $40.47 and $59.92, with an estimated average price of $46.72. The impact to his portfolio due to this purchase was 0.24%. His holdings were 18,226,608 shares as of 06/30/2010.

Baxter engages in the worldwide development, manufacture and distribution of a diversified line of products, systems and services used primarily in the health-care field. Baxter International Inc. has a market cap of $27.35 billion; its shares were traded at around $45.62 with a P/E ratio of 11.8 and P/S ratio of 2.2. The dividend yield of Baxter International Inc. stocks is 2.5%. Baxter International Inc. had an annual average earning growth of 7.1% over the past 10 years. GuruFocus rated Baxter International Inc. the business predictability rank of 3.5-star.

Added: E.i. Du Pont De Nemours And Co. (DD)

James Barrow added to his holdings in E.i. Du Pont De Nemours And Co. by 9.92%. His purchase prices were between $34.09 and $40.95, with an estimated average price of $37.65. The impact to his portfolio due to this purchase was 0.17%. His holdings were 21,243,584 shares as of 06/30/2010.

E.I. DuPont de Nemours is involved in science and technology in a range of disciplines including high-performance materials, specialty chemicals, pharmaceuticals and biotechnology. E.i. Du Pont De Nemours And Co. has a market cap of $36.69 billion; its shares were traded at around $40.5 with a P/E ratio of 12.3 and P/S ratio of 1.4. The dividend yield of E.i. Du Pont De Nemours And Co. stocks is 4.1%.

Added: Citigroup Inc. (C)

James Barrow added to his holdings in Citigroup Inc. by 20.39%. His purchase prices were between $3.63 and $4.97, with an estimated average price of $4.15. The impact to his portfolio due to this purchase was 0.16%. His holdings were 96,786,112 shares as of 06/30/2010.

Citigroup Inc., the global financial services company, has some two hundred million customer accounts and does business in more than hundred countries, providing consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citigroup Inc. has a market cap of $111.57 billion; its shares were traded at around $3.85 with and P/S ratio of 1.3.

Added: Walgreen Company (WAG)

James Barrow added to his holdings in Walgreen Company by 58.89%. His purchase prices were between $26.49 and $37.83, with an estimated average price of $33.38. The impact to his portfolio due to this purchase was 0.15%. His holdings were 6,150,983 shares as of 06/30/2010.

Walgreen Co. is a national retail pharmacy chain and considered the leader in innovative drugstore retailing. Walgreen Company has a market cap of $26.99 billion; its shares were traded at around $27.73 with a P/E ratio of 13.3 and P/S ratio of 0.4. The dividend yield of Walgreen Company stocks is 1.9%. Walgreen Company had an annual average earning growth of 13% over the past 10 years. GuruFocus rated Walgreen Company the business predictability rank of 5-star.

Added: Texas Instruments Inc. (TXN)

James Barrow added to his holdings in Texas Instruments Inc. by 82.6%. His purchase prices were between $23.67 and $27.16, with an estimated average price of $25.23. The impact to his portfolio due to this purchase was 0.14%. His holdings were 5,406,795 shares as of 06/30/2010.

Texas Instruments, Inc. is a global semiconductor company and one of the world's designers and suppliers of digital signal processors and analog integrated circuits, the engines driving the digitization of electronics. Texas Instruments Inc. has a market cap of $30.52 billion; its shares were traded at around $24.97 with a P/E ratio of 12 and P/S ratio of 3. The dividend yield of Texas Instruments Inc. stocks is 1.9%. Texas Instruments Inc. had an annual average earning growth of 4.2% over the past 5 years.

Added: Capital One Financial Corp. (COF)

James Barrow added to his holdings in Capital One Financial Corp. by 4.82%. His purchase prices were between $38.02 and $46.73, with an estimated average price of $42.82. The impact to his portfolio due to this purchase was 0.1%. His holdings were 21,650,536 shares as of 06/30/2010.

Capital One Financial is a holding company whose subsidiaries provide a variety of products and services to consumers using its proprietary information-based strategy. Capital One Financial Corp. has a market cap of $18.2 billion; its shares were traded at around $39.86 with a P/E ratio of 7.5 and P/S ratio of 1.2. The dividend yield of Capital One Financial Corp. stocks is 0.5%. Capital One Financial Corp. had an annual average earning growth of 0.4% over the past 10 years.

Added: Centerpoint Energy Inc. (CNP)

James Barrow added to his holdings in Centerpoint Energy Inc. by 8.98%. His purchase prices were between $12.9 and $14.74, with an estimated average price of $13.93. The impact to his portfolio due to this purchase was 0.09%. His holdings were 34,338,523 shares as of 06/30/2010.

CenterPoint Energy is a domestic energy delivery company that includes electricity transmission and distribution, natural gas distribution and sales, interstate pipeline and gathering operations. Centerpoint Energy Inc. has a market cap of $6.15 billion; its shares were traded at around $14.74 with a P/E ratio of 13.4 and P/S ratio of 0.8. The dividend yield of Centerpoint Energy Inc. stocks is 5.3%. Centerpoint Energy Inc. had an annual average earning growth of 0.7% over the past 10 years.

Added: Royal Caribbean Cruises Ltd. (RCL)

James Barrow added to his holdings in Royal Caribbean Cruises Ltd. by 26.81%. His purchase prices were between $23.06 and $37.64, with an estimated average price of $31.19. The impact to his portfolio due to this purchase was 0.03%. His holdings were 2,425,060 shares as of 06/30/2010.

Royal Caribbean Cruises Ltd. is a global cruise vacation company that operates Royal Caribbean International, Celebrity Cruises, and Royal Celebrity Tours. Royal Caribbean Cruises Ltd. has a market cap of $5.7 billion; its shares were traded at around $26.51 with a P/E ratio of 19.2 and P/S ratio of 0.9. Royal Caribbean Cruises Ltd. had an annual average earning growth of 4.1% over the past 10 years.

Added: Synovus Financial Corp. (SNV)

James Barrow added to his holdings in Synovus Financial Corp. by 21.29%. His purchase prices were between $2.5 and $3.82, with an estimated average price of $3.03. The impact to his portfolio due to this purchase was 0.02%. His holdings were 18,609,760 shares as of 06/30/2010.

Synovus Financial Corp. is engaged in two reportable business segments: banking, which is primarily involved in commercial banking activities and also provides retail banking, trust services, mortgage banking, securities brokerage and insurance services, and transaction processing, which includes credit, debit, commercial and retail card processing and related services and debt collection and bankruptcy management services. Synovus Financial Corp. has a market cap of $1.16 billion; its shares were traded at around $2.36 with and P/S ratio of 0.7. The dividend yield of Synovus Financial Corp. stocks is 1.6%.

Added: Park Electrochemical Corp. (PKE)

James Barrow added to his holdings in Park Electrochemical Corp. by 52.11%. His purchase prices were between $23.13 and $31.81, with an estimated average price of $27.08. The impact to his portfolio due to this purchase was 0.02%. His holdings were 934,590 shares as of 06/30/2010.

Park Electrochemical Corp., through its subsidiaries, is primarily engaged in the design, production and marketing of advanced electronic materials used to fabricate complex multilayer printed circuit boards, semiconductor packages and other electronic interconnection systems. Park Electrochemical Corp. has a market cap of $525.9 million; its shares were traded at around $25.49 with a P/E ratio of 17.5 and P/S ratio of 3. The dividend yield of Park Electrochemical Corp. stocks is 1.6%.

Added: Nbty Inc. (NTY)

James Barrow added to his holdings in Nbty Inc. by 29.92%. His purchase prices were between $32.24 and $50.51, with an estimated average price of $39. The impact to his portfolio due to this purchase was 0.02%. His holdings were 835,770 shares as of 06/30/2010.

NBTY INC. collectively with its subsidiaries is a manufacturer and marketer of nutritional supplements in the United States. Nbty Inc. has a market cap of $3.43 billion; its shares were traded at around $54.05 with a P/E ratio of 13.9 and P/S ratio of 1.3. Nbty Inc. had an annual average earning growth of 14.6% over the past 10 years. GuruFocus rated Nbty Inc. the business predictability rank of 4-star.

New Purchase: Molex Inc. (MOLX)

James Barrow initiated holdings in Molex Inc.. His purchase prices were between $18.76 and $23.43, with an estimated average price of $21.2. The impact to his portfolio due to this purchase was 0.16%. His holdings were 3,530,200 shares as of 06/30/2010.

Molex is one of the manufacturers of electronic, electrical and fiber optic interconnection products and systems; switches; value-added assemblies; and application tooling. Molex Inc. has a market cap of $3.32 billion; its shares were traded at around $19.09 with a P/E ratio of 17.7 and P/S ratio of 1.1. The dividend yield of Molex Inc. stocks is 3.3%.

New Purchase: Healthsouth Corp. (HLS)

James Barrow initiated holdings in Healthsouth Corp.. His purchase prices were between $18.75 and $21.07, with an estimated average price of $19.85. The impact to his portfolio due to this purchase was 0.07%. His holdings were 1,555,880 shares as of 06/30/2010.

HEALTHSOUTH Corp. is the one of the nation's largest providers of outpatient surgery and rehabilitative healthcare services. Healthsouth Corp. has a market cap of $1.61 billion; its shares were traded at around $17.2 with a P/E ratio of 11.5 and P/S ratio of 0.9.

New Purchase: Mobile Mini Inc. (MINI)

James Barrow initiated holdings in Mobile Mini Inc.. His purchase prices were between $15.11 and $17.29, with an estimated average price of $16.42. The impact to his portfolio due to this purchase was 0.05%. His holdings were 1,284,900 shares as of 06/30/2010.

Mobile Mini, Inc. provides attractive, accessible temporary storage for a diversified customer, including Wal-Mart, Motorola, Frito Lay, Holiday Inns, Target, numerous municipalities and the Department of Defense. Mobile Mini Inc. has a market cap of $590.8 million; its shares were traded at around $16.24 with a P/E ratio of 26.6 and P/S ratio of 1.7. Mobile Mini Inc. had an annual average earning growth of 13.3% over the past 10 years. GuruFocus rated Mobile Mini Inc. the business predictability rank of 5-star.

Reduced: Oshkosh Truck Corp. (OSK)

James Barrow reduced to his holdings in Oshkosh Truck Corp. by 31.95%. His sale prices were between $31.96 and $43.84, with an estimated average price of $37.6. The impact to his portfolio due to this sale was -0.03%. James Barrow still held 1,109,795 shares as of 06/30/2010.

Oshkosh Corporation is a designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire & emergency and military vehicles and vehicle bodies. Oshkosh Truck Corp. has a market cap of $2.53 billion; its shares were traded at around $28.18 with a P/E ratio of 3.5 and P/S ratio of 0.5.

Reduced: Alcoa Inc. (AA)

James Barrow reduced to his holdings in Alcoa Inc. by 45.89%. His sale prices were between $10.34 and $15.03, with an estimated average price of $12.45. The impact to his portfolio due to this sale was -0.03%. James Barrow still held 2,410,650 shares as of 06/30/2010.

Alcoa Inc. is the world's producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa Inc. has a market cap of $10.88 billion; its shares were traded at around $10.66 with a P/E ratio of 38 and P/S ratio of 0.6. The dividend yield of Alcoa Inc. stocks is 1.1%.

Reduced: Valassis Communications Inc. (VCI)

James Barrow reduced to his holdings in Valassis Communications Inc. by 44.74%. His sale prices were between $28.18 and $38.01, with an estimated average price of $32.98. The impact to his portfolio due to this sale was -0.07%. James Barrow still held 2,047,864 shares as of 06/30/2010.

Valassis Communications offers a wide range of marketing services to consumer packaged goods manufacturers, retailers, technology companies and other customers with operations in the United States, Europe, Mexico and Canada. Valassis Communications Inc. has a market cap of $1.59 billion; its shares were traded at around $31.93 with a P/E ratio of 19.2 and P/S ratio of 0.7.

Reduced: Bp P.l.c. (BP)

James Barrow reduced to his holdings in Bp P.l.c. by 65.22%. His sale prices were between $27.02 and $60.57, with an estimated average price of $45.52. The impact to his portfolio due to this sale was -0.27%. James Barrow still held 5,808,622 shares as of 06/30/2010.

BP p.l.c. is the holding company of one of the world's largest petroleum and petrochemicals groups. Bp P.l.c. has a market cap of $121.44 billion; its shares were traded at around $38.79 with a P/E ratio of 5.5 and P/S ratio of 0.5. Bp P.l.c. had an annual average earning growth of 20.3% over the past 10 years. GuruFocus rated Bp P.l.c. the business predictability rank of 3-star.

Reduced: Duke Energy Corp. (DUK)

James Barrow reduced to his holdings in Duke Energy Corp. by 61.23%. His sale prices were between $15.61 and $16.98, with an estimated average price of $16.32. The impact to his portfolio due to this sale was -0.27%. James Barrow still held 10,893,161 shares as of 06/30/2010.

Duke Energy Corporation is an integrated energy and energy services provider with the ability to offer physical delivery and management of both electricity and natural gas throughout the U. Duke Energy Corp. has a market cap of $22.47 billion; its shares were traded at around $17.11 with a P/E ratio of 12.4 and P/S ratio of 1.7. The dividend yield of Duke Energy Corp. stocks is 5.7%.

Sold Out: Sempra Energy (SRE)

James Barrow sold out his holdings in Sempra Energy. His sale prices were between $44.5125 and $51.36, with an estimated average price of $48.18.

Sempra Energy is an energy services holding company. Sempra Energy has a market cap of $12.81 billion; its shares were traded at around $51.76 with a P/E ratio of 12.5 and P/S ratio of 1.6. The dividend yield of Sempra Energy stocks is 3%. Sempra Energy had an annual average earning growth of 2.1% over the past 10 years.


Rating: 3.0/5 (10 votes)

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