In an earlier article, we stated that FPA is hoarding cash but in the same time, it is taking advantage of the weaknesses of the market in some issue and buying more of the same stocks that the firm has already owned.
This is are the stocks that FPA has been buying for the at least the past two quarters:
No. 1: ENSCO International Inc. (ESV, Financial), Weightings: 7.85% - 7,980,100 Shares
First Pacific Advisors owns 7,980,100 shares of ESV, valued as $313 million as of Jun. 30, 2010, which accounts for 7.85% of his equity portfolio. First Pacific Advisors added his positions in the Mar. 31, 2010 quarter by 7.14%, again in the Jun. 30, 2010 quarter by 6.02%.
Ensco International plc, formerly ENSCO International Incorporated, is a provider of offshore contract drilling services to the international oil and gas industry. Ensco International Inc. has a market cap of $6.2 billion; its shares were traded at around $43.49 with a P/E ratio of 10.3 and P/S ratio of 3.2. The dividend yield of Ensco International Inc. stocks is 0.9%. Ensco International Inc. had an annual average earning growth of 23.9% over the past 10 years. GuruFocus rated Ensco International Inc. the business predictability rank of 3.5-star.
No. 2: Covidien PLC (COV, Financial), Weightings: 3.23% - 3,209,200 Shares
First Pacific Advisors owns 3,209,200 shares of COV, valued as $129 million as of Jun. 30, 2010, which accounts for 3.23% of his equity portfolio. First Pacific Advisors added his positions in the Mar. 31, 2010 quarter by 6.63%, again in the Jun. 30, 2010 quarter by 33.04%.
Covidien PLC, formerly Covidien Ltd, is engaged in the development, manufacture and sale of healthcare products for use in clinical and home settings. Covidien Ltd. has a market cap of $18.95 billion; its shares were traded at around $37.81 with a P/E ratio of 11.4 and P/S ratio of 1.8. The dividend yield of Covidien Ltd. stocks is 1.9%.
No. 3: Aon (AON, Financial), Weightings: 2.68% - 2,880,200 Shares
First Pacific Advisors owns 2,880,200 shares of AON, valued as $107 million as of Jun. 30, 2010, which accounts for 2.68% of his equity portfolio. First Pacific Advisors added his positions in the Mar. 31, 2010 quarter by 42.2%, again in the Jun. 30, 2010 quarter by 43.91%.
Aon Corporation is a holding company whose operating subsidiaries carry on business in three distinct segments: insurance brokerage and other services; consulting; and insurance underwriting. Aon has a market cap of $10.01 billion; its shares were traded at around $37.17 with a P/E ratio of 11.5 and P/S ratio of 1.4. The dividend yield of Aon stocks is 1.6%. Aon had an annual average earning growth of 2.7% over the past 10 years.
No. 4: Vodafone Group plc (VOD, Financial), Weightings: 1.9% - 3,674,900 Shares
First Pacific Advisors owns 3,674,900 shares of VOD, valued as $76 million as of Jun. 30, 2010, which accounts for 1.9% of his equity portfolio. First Pacific Advisors added his positions in the Mar. 31, 2010 quarter by 75.26%, again in the Jun. 30, 2010 quarter by 3.67%.
Vodafone AirTouch Plc is the world's largest international mobile communications firm. Vodafone Group Plc has a market cap of $125.72 billion; its shares were traded at around $23.9 with and P/S ratio of 1.7. The dividend yield of Vodafone Group Plc stocks is 5.3%.
No. 5: WalMart Stores Inc. (WMT, Financial), Weightings: 1.83% - 1,515,900 Shares
First Pacific Advisors owns 1,515,900 shares of WMT, valued as $73 million as of Jun. 30, 2010, which accounts for 1.83% of his equity portfolio. First Pacific Advisors added his positions in the Mar. 31, 2010 quarter by 14.1%, again in the Jun. 30, 2010 quarter by 149.74%.
Wal-Mart Stores, Inc. is the world's largest retailer. Walmart Stores Inc. has a market cap of $187.08 billion; its shares were traded at around $50.43 with a P/E ratio of 13.3 and P/S ratio of 0.5. The dividend yield of Walmart Stores Inc. stocks is 2.4%. Walmart Stores Inc. had an annual average earning growth of 11.1% over the past 10 years. GuruFocus rated Walmart Stores Inc. the business predictability rank of 5-star.
To check the complete list of First Pacific Advisors, please go to http://www.gurufocus.com/holdings.php?GuruName=First+Pacific+Advisors.
GuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett and Pirst Pacific Advisors for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
This is are the stocks that FPA has been buying for the at least the past two quarters:
No. 1: ENSCO International Inc. (ESV, Financial), Weightings: 7.85% - 7,980,100 Shares
First Pacific Advisors owns 7,980,100 shares of ESV, valued as $313 million as of Jun. 30, 2010, which accounts for 7.85% of his equity portfolio. First Pacific Advisors added his positions in the Mar. 31, 2010 quarter by 7.14%, again in the Jun. 30, 2010 quarter by 6.02%.
Ensco International plc, formerly ENSCO International Incorporated, is a provider of offshore contract drilling services to the international oil and gas industry. Ensco International Inc. has a market cap of $6.2 billion; its shares were traded at around $43.49 with a P/E ratio of 10.3 and P/S ratio of 3.2. The dividend yield of Ensco International Inc. stocks is 0.9%. Ensco International Inc. had an annual average earning growth of 23.9% over the past 10 years. GuruFocus rated Ensco International Inc. the business predictability rank of 3.5-star.
No. 2: Covidien PLC (COV, Financial), Weightings: 3.23% - 3,209,200 Shares
First Pacific Advisors owns 3,209,200 shares of COV, valued as $129 million as of Jun. 30, 2010, which accounts for 3.23% of his equity portfolio. First Pacific Advisors added his positions in the Mar. 31, 2010 quarter by 6.63%, again in the Jun. 30, 2010 quarter by 33.04%.
Covidien PLC, formerly Covidien Ltd, is engaged in the development, manufacture and sale of healthcare products for use in clinical and home settings. Covidien Ltd. has a market cap of $18.95 billion; its shares were traded at around $37.81 with a P/E ratio of 11.4 and P/S ratio of 1.8. The dividend yield of Covidien Ltd. stocks is 1.9%.
No. 3: Aon (AON, Financial), Weightings: 2.68% - 2,880,200 Shares
First Pacific Advisors owns 2,880,200 shares of AON, valued as $107 million as of Jun. 30, 2010, which accounts for 2.68% of his equity portfolio. First Pacific Advisors added his positions in the Mar. 31, 2010 quarter by 42.2%, again in the Jun. 30, 2010 quarter by 43.91%.
Aon Corporation is a holding company whose operating subsidiaries carry on business in three distinct segments: insurance brokerage and other services; consulting; and insurance underwriting. Aon has a market cap of $10.01 billion; its shares were traded at around $37.17 with a P/E ratio of 11.5 and P/S ratio of 1.4. The dividend yield of Aon stocks is 1.6%. Aon had an annual average earning growth of 2.7% over the past 10 years.
No. 4: Vodafone Group plc (VOD, Financial), Weightings: 1.9% - 3,674,900 Shares
First Pacific Advisors owns 3,674,900 shares of VOD, valued as $76 million as of Jun. 30, 2010, which accounts for 1.9% of his equity portfolio. First Pacific Advisors added his positions in the Mar. 31, 2010 quarter by 75.26%, again in the Jun. 30, 2010 quarter by 3.67%.
Vodafone AirTouch Plc is the world's largest international mobile communications firm. Vodafone Group Plc has a market cap of $125.72 billion; its shares were traded at around $23.9 with and P/S ratio of 1.7. The dividend yield of Vodafone Group Plc stocks is 5.3%.
No. 5: WalMart Stores Inc. (WMT, Financial), Weightings: 1.83% - 1,515,900 Shares
First Pacific Advisors owns 1,515,900 shares of WMT, valued as $73 million as of Jun. 30, 2010, which accounts for 1.83% of his equity portfolio. First Pacific Advisors added his positions in the Mar. 31, 2010 quarter by 14.1%, again in the Jun. 30, 2010 quarter by 149.74%.
Wal-Mart Stores, Inc. is the world's largest retailer. Walmart Stores Inc. has a market cap of $187.08 billion; its shares were traded at around $50.43 with a P/E ratio of 13.3 and P/S ratio of 0.5. The dividend yield of Walmart Stores Inc. stocks is 2.4%. Walmart Stores Inc. had an annual average earning growth of 11.1% over the past 10 years. GuruFocus rated Walmart Stores Inc. the business predictability rank of 5-star.
To check the complete list of First Pacific Advisors, please go to http://www.gurufocus.com/holdings.php?GuruName=First+Pacific+Advisors.
GuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett and Pirst Pacific Advisors for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
