Meridian Investment Counsel Inc. Buys Adobe Inc, NantKwest Inc, VanEck Vectors High Yield Municipal Index, Sells Raytheon Co, Salesforce.com Inc, Frontier Communications Corp

Author's Avatar
Aug 05, 2020
Article's Main Image
San Leandro, CA, based Investment company Meridian Investment Counsel Inc. (Current Portfolio) buys Adobe Inc, NantKwest Inc, VanEck Vectors High Yield Municipal Index, MGM Resorts International, Bain Capital Specialty Finance Inc, sells Raytheon Co, Salesforce.com Inc, Frontier Communications Corp during the 3-months ended 2020Q2, according to the most recent filings of the investment company, Meridian Investment Counsel Inc.. As of 2020Q2, Meridian Investment Counsel Inc. owns 179 stocks with a total value of $196 million. These are the details of the buys and sells.

For the details of MERIDIAN INVESTMENT COUNSEL INC.'s stock buys and sells, go to https://www.gurufocus.com/guru/meridian+investment+counsel+inc./current-portfolio/portfolio

These are the top 5 holdings of MERIDIAN INVESTMENT COUNSEL INC.
  1. Adobe Inc (ADBE) - 22,363 shares, 4.98% of the total portfolio. Shares added by 191.15%
  2. Taiwan Semiconductor Manufacturing Co Ltd (TSM) - 118,358 shares, 3.43% of the total portfolio. Shares reduced by 0.25%
  3. Microsoft Corp (MSFT) - 30,648 shares, 3.19% of the total portfolio. Shares added by 0.41%
  4. SI-BONE Inc (SIBN) - 386,544 shares, 3.15% of the total portfolio.
  5. Winnebago Industries Inc (WGO) - 86,392 shares, 2.94% of the total portfolio. Shares reduced by 8.28%
New Purchase: NantKwest Inc (NK)

Meridian Investment Counsel Inc. initiated holding in NantKwest Inc. The purchase prices were between $2.6 and $12.28, with an estimated average price of $5.56. The stock is now traded at around $10.84. The impact to a portfolio due to this purchase was 0.61%. The holding were 96,433 shares as of .

New Purchase: VanEck Vectors High Yield Municipal Index (HYD)

Meridian Investment Counsel Inc. initiated holding in VanEck Vectors High Yield Municipal Index. The purchase prices were between $50.22 and $59.09, with an estimated average price of $55.88. The stock is now traded at around $60.50. The impact to a portfolio due to this purchase was 0.27%. The holding were 8,873 shares as of .

New Purchase: MGM Resorts International (MGM)

Meridian Investment Counsel Inc. initiated holding in MGM Resorts International. The purchase prices were between $10.58 and $23.76, with an estimated average price of $16.05. The stock is now traded at around $16.54. The impact to a portfolio due to this purchase was 0.26%. The holding were 30,750 shares as of .

New Purchase: Bain Capital Specialty Finance Inc (BCSF)

Meridian Investment Counsel Inc. initiated holding in Bain Capital Specialty Finance Inc. The purchase prices were between $7.26 and $13.01, with an estimated average price of $10.4. The stock is now traded at around $10.28. The impact to a portfolio due to this purchase was 0.23%. The holding were 40,671 shares as of .

New Purchase: Invesco S P Global Water Index ETF (CGW)

Meridian Investment Counsel Inc. initiated holding in Invesco S P Global Water Index ETF. The purchase prices were between $31.18 and $39.49, with an estimated average price of $35.72. The stock is now traded at around $40.28. The impact to a portfolio due to this purchase was 0.14%. The holding were 7,400 shares as of .

New Purchase: Johnson Controls International PLC (JCI)

Meridian Investment Counsel Inc. initiated holding in Johnson Controls International PLC. The purchase prices were between $25.16 and $36.81, with an estimated average price of $30.69. The stock is now traded at around $38.36. The impact to a portfolio due to this purchase was 0.13%. The holding were 7,223 shares as of .

Added: Adobe Inc (ADBE)

Meridian Investment Counsel Inc. added to a holding in Adobe Inc by 191.15%. The purchase prices were between $293.61 and $440.55, with an estimated average price of $369.18. The stock is now traded at around $451.79. The impact to a portfolio due to this purchase was 3.27%. The holding were 22,363 shares as of .

Added: Raytheon Technologies Corp (RTX)

Meridian Investment Counsel Inc. added to a holding in Raytheon Technologies Corp by 56.48%. The purchase prices were between $49.93 and $74.16, with an estimated average price of $62.35. The stock is now traded at around $59.34. The impact to a portfolio due to this purchase was 0.12%. The holding were 10,583 shares as of .

Added: JPMorgan Chase & Co (JPM)

Meridian Investment Counsel Inc. added to a holding in JPMorgan Chase & Co by 27.84%. The purchase prices were between $84.03 and $113.45, with an estimated average price of $94.84. The stock is now traded at around $97.29. The impact to a portfolio due to this purchase was 0.07%. The holding were 6,659 shares as of .

Sold Out: Raytheon Co (RTN)

Meridian Investment Counsel Inc. sold out a holding in Raytheon Co. The sale prices were between $116.96 and $131.15, with an estimated average price of $123.51.

Sold Out: Frontier Communications Corp (FTRCQ)

Meridian Investment Counsel Inc. sold out a holding in Frontier Communications Corp. The sale prices were between $0.07 and $0.4, with an estimated average price of $0.15.



Here is the complete portfolio of MERIDIAN INVESTMENT COUNSEL INC.. Also check out:

1. MERIDIAN INVESTMENT COUNSEL INC.'s Undervalued Stocks
2. MERIDIAN INVESTMENT COUNSEL INC.'s Top Growth Companies, and
3. MERIDIAN INVESTMENT COUNSEL INC.'s High Yield stocks
4. Stocks that MERIDIAN INVESTMENT COUNSEL INC. keeps buying