Value team manager Tweedy Browne buys FINISHMASTER INC, sells Tribune Company, GATX Corp., Industrias Bachoco S.A.B de C.V., Trustmark Corp., Stepan Company during the 3-months ended 06/30/2007, according to the most recent filings of his investment company, Tweedy Browne CO LLC. Tweedy Browne owns 74 stocks with a total value of $3.5 billion. These are the details of the buys and sells.
New Purchases: FMST.PK,
Added Positions: FLIC, GE, KFT, MO,
Reduced Positions: BPOP, MBI,
Sold Out: GMT, IBA, SCL, TRB, TRMK,
Added: First of Long Island Corp. (FLIC, Financial)
Tweedy Browne added to their holdings in Banks company First of Long Island Corp. by 100%. Their purchase prices were between $20.07 and $22.6, with an estimated average price of $21.3. The impact to their portfolio due to this purchase was 0.03%. Their holdings were 100,088 shares as of 06/30/2007.
The First of Long Island Corporation operates as the holding company for The First National Bank of Long Island, which provides commercial banking services primarily in Nassau and Suffolk Counties, Long Island, as well as in Manhattan. First of Long Island Corp. has a market cap of $152.22 million, its shares were traded at around $20.25 with with P/E ratio of 14.04 and P/S ratio of 3.73.
Added: General Electric Company (GE, Financial)
Tweedy Browne added to their holdings in Diversified Industrials company General Electric Company by 42.36%. Their purchase prices were between $34.77 and $38.24, with an estimated average price of $36.7. The impact to their portfolio due to this purchase was 0.02%. Their holdings were 60,910 shares as of 06/30/2007. General Electric Company has a market cap of $400.83 billion, its shares were traded at around $39.14 with with P/E ratio of 18.90 and P/S ratio of 2.40.
Added: Kraft Foods Inc. (KFT, Financial)
Tweedy Browne added to their holdings in Food Products company Kraft Foods Inc. by 120.94%. Their purchase prices were between $31.36 and $36, with an estimated average price of $33.6. The impact to their portfolio due to this purchase was 0.01%. Their holdings were 18,780 shares as of 06/30/2007.
Kraft Foods, Inc., through its subsidiaries, engages in the manufacture and sale of packaged foods and beverages in the United States, Canada, Europe, Latin America, Asia Pacific, Africa, and the Middle East. Kraft Foods Inc. has a market cap of $50.61 billion, its shares were traded at around $32.06 with with P/E ratio of 18.88 and P/S ratio of 1.43.
Added: Altria Group Inc. (MO, Financial)
Tweedy Browne added to their holdings in Tobacco company Altria Group Inc. by 29.5%. Their purchase prices were between $67.92 and $71.11, with an estimated average price of $69.4. The impact to their portfolio due to this purchase was 0.01%. Their holdings were 19,248 shares as of 06/30/2007.
Altria Group, Inc., through its subsidiaries, engages in the manufactures and sale of cigarettes and other tobacco products in the United States and internationally. Altria Group Inc. has a market cap of $144.48 billion, its shares were traded at around $68.24 with with P/E ratio of 13.41 and P/S ratio of 2.02.
New Purchase: FINISHMASTER INC (FMST.PK, Financial)
Tweedy Browne initiated holdings in Business Support Services company FINISHMASTER INC. Their purchase prices were between $23.85 and $32.5, with an estimated average price of $27.3. The impact to their portfolio due to this purchase was 0.04%. Their holdings were 46,102 shares as of 06/30/2007.
FinishMaster, Inc. distributes automotive paints, coatings, and paint-related accessories to the automotive collision repair, automotive dealership, and fleet operator industries primarily in the United States. FINISHMASTER INC has a market cap of $246.65 million, its shares were traded at around $31.5 with with P/E ratio of 12.00 and P/S ratio of 0.54.
Reduced: MBIA Inc. (MBI, Financial)
Tweedy Browne reduced to their holdings in Property & Casualty Insurance company MBIA Inc. by 20.49%. Their sale prices were between $63.47 and $71.16, with an estimated average price of $66.8. The impact to their portfolio due to this sale was 1.24%. Tweedy Browne still held 838,528 shares as of 06/30/2007. MBIA Inc. has a market cap of $7.54 billion, its shares were traded at around $60.65 with with P/E ratio of 10.04 and P/S ratio of 2.61.
Reduced: Popular Inc. (BPOP, Financial)
Tweedy Browne reduced to their holdings in Banks company Popular Inc. by 24.88%. Their sale prices were between $15.84 and $17.33, with an estimated average price of $16.7. The impact to their portfolio due to this sale was 0.52%. Tweedy Browne still held 1,408,810 shares as of 06/30/2007.
Popular, Inc., a financial holding company, provides various financial products and services in Puerto Rico, the United States, the Caribbean, and Latin America. Popular Inc. has a market cap of $3.5 billion, its shares were traded at around $12.72 with with P/E ratio of 10.80 and P/S ratio of 1.87.
Sold Out: Industrias Bachoco S.A.B de C.V. (IBA, Financial)
Tweedy Browne sold out their holdings in Food Products company Industrias Bachoco S.A.B de C.V.. Their sale prices were between $28.54 and $33.17, with an estimated average price of $30.7. The impact to their portfolio due to this sale was less than 0.01%. Industrias Bachoco S.A.B de C.V. has a market cap of $1.51 billion, its shares were traded at around $29.38 with with P/E ratio of 16.45 and P/S ratio of 1.01.
Sold Out: GATX Corp. (GMT, Financial)
Tweedy Browne sold out their holdings in Business Support Services company GATX Corp.. Their sale prices were between $47.81 and $51.99, with an estimated average price of $49.9. The impact to their portfolio due to this sale was less than 0.01%.
GATX Corporation leases, manages, operates, and invests in assets in rail, marine, and industrial equipment markets in North America and Europe. It operates through three segments: Rail, Specialty, and American Steamship Company (ASC). GATX Corp. has a market cap of $2.18 billion, its shares were traded at around $43.97 with with P/E ratio of 23.70 and P/S ratio of 1.84.
Sold Out: Stepan Company (SCL, Financial)
Tweedy Browne sold out their holdings in Specialty Chemicals company Stepan Company. Their sale prices were between $26.68 and $31.83, with an estimated average price of $29.7. The impact to their portfolio due to this sale was less than 0.01%.
Stepan Company engages in the manufacture and marketing of specialty and intermediate chemicals. The company operates in three segments: Surfactants, Polymers, and Specialty Products. Stepan Company has a market cap of $264.81 million, its shares were traded at around $29.34 with with P/E ratio of 26.32 and P/S ratio of 0.22.
Sold Out: Tribune Company (TRB, Financial)
Tweedy Browne sold out their holdings in Publishing company Tribune Company. Their sale prices were between $29.4 and $33.05, with an estimated average price of $31.9. The impact to their portfolio due to this sale was less than 0.01%.
Tribune Company, through its subsidiaries, operates as a media and entertainment company in the United States. It engages in newspaper publishing, television and radio broadcasting, and entertainment operations. Tribune Company has a market cap of $3.43 billion, its shares were traded at around $28.94 with with P/E ratio of 16.36 and P/S ratio of 0.64.
Sold Out: Trustmark Corp. (TRMK)
Tweedy Browne sold out their holdings in Banks company Trustmark Corp.. Their sale prices were between $25.36 and $27.66, with an estimated average price of $26.7. The impact to their portfolio due to this sale was less than 0.01%.
Trustmark Corporation, through its subsidiaries, provides banking and financial solutions to corporate, institutional, and individual customers in the states of Florida, Mississippi, Tennessee, and Texas. Trustmark Corp. has a market cap of $1.58 billion, its shares were traded at around $29.01 with with P/E ratio of 14.01 and P/S ratio of 3.73.
New Purchases: FMST.PK,
Added Positions: FLIC, GE, KFT, MO,
Reduced Positions: BPOP, MBI,
Sold Out: GMT, IBA, SCL, TRB, TRMK,
Added: First of Long Island Corp. (FLIC, Financial)
Tweedy Browne added to their holdings in Banks company First of Long Island Corp. by 100%. Their purchase prices were between $20.07 and $22.6, with an estimated average price of $21.3. The impact to their portfolio due to this purchase was 0.03%. Their holdings were 100,088 shares as of 06/30/2007.
The First of Long Island Corporation operates as the holding company for The First National Bank of Long Island, which provides commercial banking services primarily in Nassau and Suffolk Counties, Long Island, as well as in Manhattan. First of Long Island Corp. has a market cap of $152.22 million, its shares were traded at around $20.25 with with P/E ratio of 14.04 and P/S ratio of 3.73.
Added: General Electric Company (GE, Financial)
Tweedy Browne added to their holdings in Diversified Industrials company General Electric Company by 42.36%. Their purchase prices were between $34.77 and $38.24, with an estimated average price of $36.7. The impact to their portfolio due to this purchase was 0.02%. Their holdings were 60,910 shares as of 06/30/2007. General Electric Company has a market cap of $400.83 billion, its shares were traded at around $39.14 with with P/E ratio of 18.90 and P/S ratio of 2.40.
Added: Kraft Foods Inc. (KFT, Financial)
Tweedy Browne added to their holdings in Food Products company Kraft Foods Inc. by 120.94%. Their purchase prices were between $31.36 and $36, with an estimated average price of $33.6. The impact to their portfolio due to this purchase was 0.01%. Their holdings were 18,780 shares as of 06/30/2007.
Kraft Foods, Inc., through its subsidiaries, engages in the manufacture and sale of packaged foods and beverages in the United States, Canada, Europe, Latin America, Asia Pacific, Africa, and the Middle East. Kraft Foods Inc. has a market cap of $50.61 billion, its shares were traded at around $32.06 with with P/E ratio of 18.88 and P/S ratio of 1.43.
Added: Altria Group Inc. (MO, Financial)
Tweedy Browne added to their holdings in Tobacco company Altria Group Inc. by 29.5%. Their purchase prices were between $67.92 and $71.11, with an estimated average price of $69.4. The impact to their portfolio due to this purchase was 0.01%. Their holdings were 19,248 shares as of 06/30/2007.
Altria Group, Inc., through its subsidiaries, engages in the manufactures and sale of cigarettes and other tobacco products in the United States and internationally. Altria Group Inc. has a market cap of $144.48 billion, its shares were traded at around $68.24 with with P/E ratio of 13.41 and P/S ratio of 2.02.
New Purchase: FINISHMASTER INC (FMST.PK, Financial)
Tweedy Browne initiated holdings in Business Support Services company FINISHMASTER INC. Their purchase prices were between $23.85 and $32.5, with an estimated average price of $27.3. The impact to their portfolio due to this purchase was 0.04%. Their holdings were 46,102 shares as of 06/30/2007.
FinishMaster, Inc. distributes automotive paints, coatings, and paint-related accessories to the automotive collision repair, automotive dealership, and fleet operator industries primarily in the United States. FINISHMASTER INC has a market cap of $246.65 million, its shares were traded at around $31.5 with with P/E ratio of 12.00 and P/S ratio of 0.54.
Reduced: MBIA Inc. (MBI, Financial)
Tweedy Browne reduced to their holdings in Property & Casualty Insurance company MBIA Inc. by 20.49%. Their sale prices were between $63.47 and $71.16, with an estimated average price of $66.8. The impact to their portfolio due to this sale was 1.24%. Tweedy Browne still held 838,528 shares as of 06/30/2007. MBIA Inc. has a market cap of $7.54 billion, its shares were traded at around $60.65 with with P/E ratio of 10.04 and P/S ratio of 2.61.
Reduced: Popular Inc. (BPOP, Financial)
Tweedy Browne reduced to their holdings in Banks company Popular Inc. by 24.88%. Their sale prices were between $15.84 and $17.33, with an estimated average price of $16.7. The impact to their portfolio due to this sale was 0.52%. Tweedy Browne still held 1,408,810 shares as of 06/30/2007.
Popular, Inc., a financial holding company, provides various financial products and services in Puerto Rico, the United States, the Caribbean, and Latin America. Popular Inc. has a market cap of $3.5 billion, its shares were traded at around $12.72 with with P/E ratio of 10.80 and P/S ratio of 1.87.
Sold Out: Industrias Bachoco S.A.B de C.V. (IBA, Financial)
Tweedy Browne sold out their holdings in Food Products company Industrias Bachoco S.A.B de C.V.. Their sale prices were between $28.54 and $33.17, with an estimated average price of $30.7. The impact to their portfolio due to this sale was less than 0.01%. Industrias Bachoco S.A.B de C.V. has a market cap of $1.51 billion, its shares were traded at around $29.38 with with P/E ratio of 16.45 and P/S ratio of 1.01.
Sold Out: GATX Corp. (GMT, Financial)
Tweedy Browne sold out their holdings in Business Support Services company GATX Corp.. Their sale prices were between $47.81 and $51.99, with an estimated average price of $49.9. The impact to their portfolio due to this sale was less than 0.01%.
GATX Corporation leases, manages, operates, and invests in assets in rail, marine, and industrial equipment markets in North America and Europe. It operates through three segments: Rail, Specialty, and American Steamship Company (ASC). GATX Corp. has a market cap of $2.18 billion, its shares were traded at around $43.97 with with P/E ratio of 23.70 and P/S ratio of 1.84.
Sold Out: Stepan Company (SCL, Financial)
Tweedy Browne sold out their holdings in Specialty Chemicals company Stepan Company. Their sale prices were between $26.68 and $31.83, with an estimated average price of $29.7. The impact to their portfolio due to this sale was less than 0.01%.
Stepan Company engages in the manufacture and marketing of specialty and intermediate chemicals. The company operates in three segments: Surfactants, Polymers, and Specialty Products. Stepan Company has a market cap of $264.81 million, its shares were traded at around $29.34 with with P/E ratio of 26.32 and P/S ratio of 0.22.
Sold Out: Tribune Company (TRB, Financial)
Tweedy Browne sold out their holdings in Publishing company Tribune Company. Their sale prices were between $29.4 and $33.05, with an estimated average price of $31.9. The impact to their portfolio due to this sale was less than 0.01%.
Tribune Company, through its subsidiaries, operates as a media and entertainment company in the United States. It engages in newspaper publishing, television and radio broadcasting, and entertainment operations. Tribune Company has a market cap of $3.43 billion, its shares were traded at around $28.94 with with P/E ratio of 16.36 and P/S ratio of 0.64.
Sold Out: Trustmark Corp. (TRMK)
Tweedy Browne sold out their holdings in Banks company Trustmark Corp.. Their sale prices were between $25.36 and $27.66, with an estimated average price of $26.7. The impact to their portfolio due to this sale was less than 0.01%.
Trustmark Corporation, through its subsidiaries, provides banking and financial solutions to corporate, institutional, and individual customers in the states of Florida, Mississippi, Tennessee, and Texas. Trustmark Corp. has a market cap of $1.58 billion, its shares were traded at around $29.01 with with P/E ratio of 14.01 and P/S ratio of 3.73.
