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Donald Yacktman Buys APOL, GLW, MDT, PDCO, Sells LOW

gurufocus

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This is the Q3 portfolio update of Don Yacktman. His fund has achieved outstanding returns over the past decade, when the market overall return was negative.

“During the third quarter of 2010, The Yacktman Focused Fund and The Yacktman Fund rose 10.29% and 10.1% respectively while the S&P 500 increased 11.29%. Year-to-date, The Yacktman Focused Fund has increased 5.02% and The Yacktman Fund has appreciated 5.32%, while the S&P 500 is up 3.89%.”

For the 12 months ended on Sept. 30, Yacktman Fund gained 13.34%. It average 8.31% and 12.36% annually for the 5-year and 10-year period, while the S&P500 gained 0.64% and lost 0.43% annually for the same time periods.

Yacktman wrote: “We think our current holdings continue to represent very solid value, and feel fortunate to have significant positions in some of the world’s greatest businesses. We feel our funds are well positioned regardless of the short term direction of the economy.”

As of 09/30/2010, Yacktman Asset Management Co. owns 70 stocks with a total value of $4.7 billion. These are the details of the buys and sells.

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

This is the sector weightings of his portfolio:

Consumer Services 29.8%
Consumer Goods 28.2%
Health Care 21%
Technology 9.3%
Oil & Gas 4.9%
Financials 4.6%
Industrials 1.4%


These are the top 5 holdings of Donald Yacktman

  1. News Corp. (NWSA) - 36,683,277 shares, 10.17% of the total portfolio. Shares added by 27.25%
  2. PepsiCo Inc. (PEP) - 6,469,035 shares, 9.12% of the total portfolio. Shares added by 3.21%
  3. The CocaCola Company (KO) - 6,734,106 shares, 8.36% of the total portfolio. Shares added by 0.59%
  4. Pfizer Inc (PFE) - 16,666,397 shares, 6.07% of the total portfolio. Shares added by 3.28%
  5. Microsoft Corp. (MSFT) - 11,150,466 shares, 5.79% of the total portfolio. Shares added by 27.83%


Added: News Corp. (NWSA)

Donald Yacktman added to his holdings in News Corp. by 27.25%. His purchase prices were between $11.82 and $14.35, with an estimated average price of $13.16. The impact to his portfolio due to this purchase was 2.18%. His holdings were 36,683,277 shares as of 09/30/2010.

NEWS CORPORATION is a diversified entertainment company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers and information services; book publishing; and other. News Corp. has a market cap of $26.78 billion; its shares were traded at around $14.51 with a P/E ratio of 15.1 and P/S ratio of 0.8. The dividend yield of News Corp. stocks is 1%.

Added: Stryker Corp. (SYK)

Donald Yacktman added to his holdings in Stryker Corp. by 1133.49%. His purchase prices were between $42.88 and $53.12, with an estimated average price of $47.85. The impact to his portfolio due to this purchase was 1.81%. His holdings were 1,856,408 shares as of 09/30/2010.

Stryker Corporation develops, manufactures, and markets specialty surgical and medical products, including orthopaedic implants, bone cement, trauma systems used in bone repair, powered surgical instruments, endoscopic systems, craniomaxillofacial fixation devices, specialty surgical equipment used in neurosurgery and patient care and handling equipment for the global market and provide outpatient physical and occupational rehabilitation services. Stryker Corp. has a market cap of $19.31 billion; its shares were traded at around $49.31 with a P/E ratio of 15.1 and P/S ratio of 3. The dividend yield of Stryker Corp. stocks is 1.2%. Stryker Corp. had an annual average earning growth of 15.9% over the past 10 years. GuruFocus rated Stryker Corp. the business predictability rank of 4-star.

Added: Hewlettpackard Company (HPQ)

Donald Yacktman added to his holdings in Hewlettpackard Company by 547.56%. His purchase prices were between $38 and $47.57, with an estimated average price of $42.45. The impact to his portfolio due to this purchase was 1.81%. His holdings were 2,395,956 shares as of 09/30/2010.

Hewlett Packard is one of the global providers of computing and imaging solutions and services for business and home. Hewlettpackard Company has a market cap of $96.33 billion; its shares were traded at around $42.49 with a P/E ratio of 9.8 and P/S ratio of 0.9. The dividend yield of Hewlettpackard Company stocks is 0.7%. Hewlettpackard Company had an annual average earning growth of 26.5% over the past 5 years.

Added: Microsoft Corp. (MSFT)

Donald Yacktman added to his holdings in Microsoft Corp. by 27.83%. His purchase prices were between $23.27 and $26.33, with an estimated average price of $24.82. The impact to his portfolio due to this purchase was 1.26%. His holdings were 11,150,466 shares as of 09/30/2010.

Microsoft develops, manufactures, licenses, and supports a wide range of software products for a multitude of computing devices. Microsoft Corp. has a market cap of $234.95 billion; its shares were traded at around $26.95 with a P/E ratio of 12.9 and P/S ratio of 3.7. The dividend yield of Microsoft Corp. stocks is 2%. Microsoft Corp. had an annual average earning growth of 12.6% over the past 10 years. GuruFocus rated Microsoft Corp. the business predictability rank of 3-star.

Added: Covidien Ltd. (COV)

Donald Yacktman added to his holdings in Covidien Ltd. by 431.24%. His purchase prices were between $35.34 and $40.99, with an estimated average price of $38.52. The impact to his portfolio due to this purchase was 1.13%. His holdings were 1,632,375 shares as of 09/30/2010.

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 $19.56 billion; its shares were traded at around $39.66 with a P/E ratio of 11.8 and P/S ratio of 1.9. The dividend yield of Covidien Ltd. stocks is 2%.

Added: C.r. Bard Inc. (BCR)

Donald Yacktman added to his holdings in C.r. Bard Inc. by 44.34%. His purchase prices were between $76.18 and $81.56, with an estimated average price of $78.85. The impact to his portfolio due to this purchase was 1.01%. His holdings were 1,911,668 shares as of 09/30/2010.

C.R. Bard, Inc. is one of the worldwide leaders in developing, manufacturing, and supplying healthcare products that focus on Vascular, Urology, and Oncology Disease States. C.r. Bard Inc. has a market cap of $7.78 billion; its shares were traded at around $83.54 with a P/E ratio of 15.3 and P/S ratio of 3.1. The dividend yield of C.r. Bard Inc. stocks is 0.9%. C.r. Bard Inc. had an annual average earning growth of 15.7% over the past 10 years. GuruFocus rated C.r. Bard Inc. the business predictability rank of 5-star.

Added: H&r Block Inc. (HRB)

Donald Yacktman added to his holdings in H&r Block Inc. by 88.95%. His purchase prices were between $12.51 and $15.83, with an estimated average price of $14.01. The impact to his portfolio due to this purchase was 1%. His holdings were 7,724,958 shares as of 09/30/2010.

H&R Block Inc. is a diversified company involved in tax return preparation,electronic filing of income tax returns and other tax-related services. H&r Block Inc. has a market cap of $3.58 billion; its shares were traded at around $11.61 with a P/E ratio of 7.6 and P/S ratio of 0.9. The dividend yield of H&r Block Inc. stocks is 5.2%.

Added: U.s. Bancorp (USB)

Donald Yacktman added to his holdings in U.s. Bancorp by 36.61%. His purchase prices were between $20.71 and $24.51, with an estimated average price of $22.79. The impact to his portfolio due to this purchase was 0.67%. His holdings were 5,453,793 shares as of 09/30/2010.

U.S. Bancorp is a financial services holding company. U.s. Bancorp has a market cap of $46.11 billion; its shares were traded at around $23.93 with a P/E ratio of 15.6 and P/S ratio of 2.4. The dividend yield of U.s. Bancorp stocks is 0.8%. U.s. Bancorp had an annual average earning growth of 2.1% over the past 10 years.

Added: Viacom Inc. (VIA.B)

Donald Yacktman added to his holdings in Viacom Inc. by 8.75%. His purchase prices were between $30.77 and $36.52, with an estimated average price of $33.24. The impact to his portfolio due to this purchase was 0.43%. His holdings were 6,957,084 shares as of 09/30/2010.

Viacom is a global entertainment content company whose family of prominent and respected brands includes the multiplatform properties of MTV Networks, BET Networks, Paramount Pictures, Paramount Home Entertainment and DreamWorks. Viacom Inc. has a market cap of $20.49 billion; its shares were traded at around $38.71 with a P/E ratio of 13.8 and P/S ratio of 1.3.

Added: Johnson & Johnson (JNJ)

Donald Yacktman added to his holdings in Johnson & Johnson by 10.87%. His purchase prices were between $57.02 and $62.43, with an estimated average price of $59.49. The impact to his portfolio due to this purchase was 0.41%. His holdings were 3,185,014 shares as of 09/30/2010.

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 $174.96 billion; its shares were traded at around $63.69 with a P/E ratio of 13.3 and P/S ratio of 2.8. The dividend yield of Johnson & Johnson stocks is 3.4%. 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: Bank Of Ny Mellon Cp (BK)

Donald Yacktman added to his holdings in Bank Of Ny Mellon Cp by 103.82%. His purchase prices were between $24.16 and $26.85, with an estimated average price of $25.46. The impact to his portfolio due to this purchase was 0.3%. His holdings were 1,041,691 shares as of 09/30/2010.

Bank of New York is a bank holding company and one of the world's larger financial institutions. Bank Of Ny Mellon Cp has a market cap of $30.83 billion; its shares were traded at around $25.05 with a P/E ratio of 10.9 and P/S ratio of 2.3. The dividend yield of Bank Of Ny Mellon Cp stocks is 1.4%.

Added: Pepsico Inc. (PEP)

Donald Yacktman added to his holdings in Pepsico Inc. by 3.21%. His purchase prices were between $61.53 and $66.89, with an estimated average price of $65.01. The impact to his portfolio due to this purchase was 0.28%. His holdings were 6,469,035 shares as of 09/30/2010.

PepsiCo, Inc. consists of: Frito-Lay Company, Pepsi-Cola Company, and Tropicana Products. Pepsico Inc. has a market cap of $104.22 billion; its shares were traded at around $65.55 with a P/E ratio of 16.6 and P/S ratio of 2.4. The dividend yield of Pepsico Inc. stocks is 3%. Pepsico Inc. had an annual average earning growth of 8.9% over the past 10 years. GuruFocus rated Pepsico Inc. the business predictability rank of 4-star.

Added: Lancaster Colony Corp. (LANC)

Donald Yacktman added to his holdings in Lancaster Colony Corp. by 35.41%. His purchase prices were between $45.47 and $54.4, with an estimated average price of $49.17. The impact to his portfolio due to this purchase was 0.26%. His holdings were 990,057 shares as of 09/30/2010.

Lancaster Colony Corp. manufactures and markets three families of products: Glassware and Candles; Specialty Foods; and Automotive. Lancaster Colony Corp. has a market cap of $1.4 billion; its shares were traded at around $49.68 with a P/E ratio of 12.2 and P/S ratio of 1.3. The dividend yield of Lancaster Colony Corp. stocks is 2.4%. Lancaster Colony Corp. had an annual average earning growth of 2.1% over the past 10 years.

Added: Pfizer Inc (PFE)

Donald Yacktman added to his holdings in Pfizer Inc by 3.28%. His purchase prices were between $14.14 and $17.425, with an estimated average price of $15.94. The impact to his portfolio due to this purchase was 0.19%. His holdings were 16,666,397 shares as of 09/30/2010.

Pfizer Inc is a research-based, global pharmaceutical company that discovers and develops innovative, value-added products that improve the quality of life of people around the world and help them enjoy longer, healthier, and more productive lives. Pfizer Inc has a market cap of $140.67 billion; its shares were traded at around $17.62 with a P/E ratio of 7.8 and P/S ratio of 2.8. The dividend yield of Pfizer Inc stocks is 4%. Pfizer Inc had an annual average earning growth of 1.8% over the past 10 years.

Added: Dell Inc. (DELL)

Donald Yacktman added to his holdings in Dell Inc. by 94.55%. His purchase prices were between $11.585 and $13.74, with an estimated average price of $12.62. The impact to his portfolio due to this purchase was 0.14%. His holdings were 1,070,000 shares as of 09/30/2010.

Dell Inc. is a premier provider of products and services required for customers worldwide to build their information-technology and Internet infrastructures. Dell Inc. has a market cap of $27.79 billion; its shares were traded at around $14.41 with a P/E ratio of 12.5 and P/S ratio of 0.5. Dell Inc. had an annual average earning growth of 4.1% over the past 10 years.

Added: Becton Dickinson And Company (BDX)

Donald Yacktman added to his holdings in Becton Dickinson And Company by 7.93%. His purchase prices were between $66.89 and $74.82, with an estimated average price of $70.49. The impact to his portfolio due to this purchase was 0.12%. His holdings were 1,047,343 shares as of 09/30/2010.

Becton, Dickinson and Co. is engaged principally in the manufacture and sale of a broad line of supplies, devices and systems used by health care professionals, medical research institutions and the general public. Becton Dickinson And Company has a market cap of $17.36 billion; its shares were traded at around $75.29 with a P/E ratio of 14.7 and P/S ratio of 2.5. The dividend yield of Becton Dickinson And Company stocks is 1.9%. Becton Dickinson And Company had an annual average earning growth of 13.9% over the past 10 years. GuruFocus rated Becton Dickinson And Company the business predictability rank of 4.5-star.

Added: The Procter & Gamble Company (PG)

Donald Yacktman added to his holdings in The Procter & Gamble Company by 3.31%. His purchase prices were between $59.34 and $63.08, with an estimated average price of $60.84. The impact to his portfolio due to this purchase was 0.12%. His holdings were 2,845,343 shares as of 09/30/2010.

The Procter & Gamble Company manufactures and markets a broad range of consumer products in many countries throughout the world. The Procter & Gamble Company has a market cap of $180.12 billion; its shares were traded at around $63.62 with a P/E ratio of 17.3 and P/S ratio of 2.3. The dividend yield of The Procter & Gamble Company stocks is 3.1%. The Procter & Gamble Company had an annual average earning growth of 12.3% over the past 10 years. GuruFocus rated The Procter & Gamble Company the business predictability rank of 3.5-star.

New Purchase: Apollo Group Inc. (APOL)

Donald Yacktman initiated holdings in Apollo Group Inc.. His purchase prices were between $38.94 and $51.66, with an estimated average price of $45.25. The impact to his portfolio due to this purchase was 1.82%. His holdings were 1,667,039 shares as of 09/30/2010.

Apollo Group, Inc. has been providing higher education to working adults for over 25 years. Apollo Group Inc. has a market cap of $5.56 billion; its shares were traded at around $38.24 with a P/E ratio of 7 and P/S ratio of 1.1. Apollo Group Inc. had an annual average earning growth of 26.4% over the past 10 years. GuruFocus rated Apollo Group Inc. the business predictability rank of 4-star.

New Purchase: Corning Inc. (GLW)

Donald Yacktman initiated holdings in Corning Inc.. His purchase prices were between $15.68 and $19.24, with an estimated average price of $17.27. The impact to his portfolio due to this purchase was 1.1%. His holdings were 2,832,072 shares as of 09/30/2010.

Corning Incorporated creates leading-edge technologies for the fastest-growing markets of the world's economy. Corning Inc. has a market cap of $28.72 billion; its shares were traded at around $18.5 with a P/E ratio of 9.4 and P/S ratio of 5.3. The dividend yield of Corning Inc. stocks is 1.1%. Corning Inc. had an annual average earning growth of 4.9% over the past 5 years.

New Purchase: Patterson Companies Inc. (PDCO)

Donald Yacktman initiated holdings in Patterson Companies Inc.. His purchase prices were between $25.27 and $29.16, with an estimated average price of $27.26. The impact to his portfolio due to this purchase was 0.3%. His holdings were 500,000 shares as of 09/30/2010.

Patterson Companies, Inc. is a value-added distributor serving the dental, companion-pet veterinarian and rehabilitation supply markets. Patterson Companies Inc. has a market cap of $3.45 billion; its shares were traded at around $27.77 with a P/E ratio of 15 and P/S ratio of 1.1. The dividend yield of Patterson Companies Inc. stocks is 1.4%. Patterson Companies Inc. had an annual average earning growth of 14.5% over the past 10 years. GuruFocus rated Patterson Companies Inc. the business predictability rank of 3-star.

New Purchase: Medtronic Inc. (MDT)

Donald Yacktman initiated holdings in Medtronic Inc.. His purchase prices were between $31.21 and $38.06, with an estimated average price of $35.14. The impact to his portfolio due to this purchase was 0.29%. His holdings were 400,000 shares as of 09/30/2010.

Medtronic is the world's medical technology company, pioneeringdevice-based therapies that restore health, extend life and alleviate pain. Medtronic Inc. has a market cap of $37.48 billion; its shares were traded at around $35.16 with a P/E ratio of 10.8 and P/S ratio of 2.3. The dividend yield of Medtronic Inc. stocks is 2.6%. Medtronic Inc. had an annual average earning growth of 11.4% over the past 10 years. GuruFocus rated Medtronic Inc. the business predictability rank of 4.5-star.

Reduced: Telephone And Data Systems, Inc. (TDA)

Donald Yacktman reduced to his holdings in Telephone And Data Systems, Inc. by 63.38%. His sale prices were between $24.83 and $25.89, with an estimated average price of $25.31. The impact to his portfolio due to this sale was less than 0.01%. Donald Yacktman still held 8,130 shares as of 09/30/2010.

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Reduced: Paychex Inc. (PAYX)

Donald Yacktman reduced to his holdings in Paychex Inc. by 67.32%. His sale prices were between $24.78 and $27.25, with an estimated average price of $25.91. The impact to his portfolio due to this sale was -0.01%. Donald Yacktman still held 21,600 shares as of 09/30/2010.

Paychex, Inc. is a national provider of payroll, human resource, and employee benefit outsourcing solutions for small-to medium-sized businesses. Paychex Inc. has a market cap of $9.99 billion; its shares were traded at around $27.69 with a P/E ratio of 20.2 and P/S ratio of 5.1. The dividend yield of Paychex Inc. stocks is 4.4%. Paychex Inc. had an annual average earning growth of 11.8% over the past 10 years. GuruFocus rated Paychex Inc. the business predictability rank of 4-star.

Sold Out: Lowe's Companies Inc. (LOW)

Donald Yacktman sold out his holdings in Lowe's Companies Inc.. His sale prices were between $19.7 and $22.48, with an estimated average price of $20.9.

Lowe's Companies Inc. is a retailer of home improvement products in the world, with specific emphasis on retail do-it-yourself and commercial business customers. Lowe's Companies Inc. has a market cap of $29.93 billion; its shares were traded at around $21.19 with a P/E ratio of 16.4 and P/S ratio of 0.6. The dividend yield of Lowe's Companies Inc. stocks is 2%. Lowe's Companies Inc. had an annual average earning growth of 11.8% over the past 10 years.

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gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

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