GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

T. Rowe Price Equity Income Fund Q2 Update: Buys NTRS, TEF, DO, TAP, GIS

insider

gurufocus

350 followers
T. Rowe PriceEquity Income Fund is run by the firm’s CIO, Brian Rogers. The fund's objective is to provide substantial dividend income as well as long-term capital appreciation through investments in common stocks of established companies. With more than $21 billion under management, Brian Rogers buys large companies mainly. These are the details of the buys and sells during the second quarter of 2011. As of 06/30/2011, T Rowe Price Equity Income Fund owns 21 stocks with a total value of $21.5 billion. These are the details of the buys and sells.

Brian Rogers believes that “ the U.S. remains on the long and winding road toward an economic and equity market recovery.” He is cautiously optimistic, as the underpinnings of the U.S. equity market remain fairly solid. He wrote: “Current equity market valuations are reasonable, and we are currently finding value in select financials, technology, and consumer staples names.”

This is the portfolio chart of Brian Rogers. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.



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

This is the sector weightings of his portfolio:

Financials 17.6%
Not Assigned 12.2%
Consumer Goods 11.6%
Industrials 11.5%
Oil & Gas 10.2%
Utilities 8.4%
Consumer Services 8%
Technology 5.7%
Health Care 5.7%
Basic Materials 4.3%
Telecommunications 4.3%


These are the top 5 holdings of Brian Rogers

  1. Chevron (CVX) - 5,866,000 shares, 2.7859% of the total portfolio.
  2. JP Morgan Chase (JPM) - 14,031,200 shares, 2.6528% of the total portfolio. Shares added by 3.31%
  3. General Electric Co. (GE) - 29,636,500 shares, 2.5813% of the total portfolio. Shares added by 4.4%
  4. Exxon Mobil Corp. (XOM) - 6,064,200 shares, 2.2791% of the total portfolio.
  5. American Express Co. (AXP) - 8,988,300 shares, 2.146% of the total portfolio. Shares reduced by 1.1%


New Purchase: Northern Trust Corp. (NTRS)

Brian Rogers initiated holdings in Northern Trust Corp.. His purchase prices were between $44.98 and $52.36, with an estimated average price of $48.67. The impact to his portfolio due to this purchase was 0.74%. His holdings were 3,500,000 shares as of 06/30/2011.

Northern Trust Corp. is a multi-bank holding company with worldwide locations and is a provider of treasury management, master trust, custody, retirement, risk and performance, international and investment management services for corporations, large institutions and individuals. Northern Trust Corp. has a market cap of $11.03 billion; its shares were traded at around $45.6 with a P/E ratio of 18.1 and P/S ratio of 3. The dividend yield of Northern Trust Corp. stocks is 2.5%.

New Purchase: Telefonica S.a. Ads (TEF)

Brian Rogers initiated holdings in Telefonica S.a. Ads. His purchase prices were between $22.63 and $26.99, with an estimated average price of $24.55. The impact to his portfolio due to this purchase was 0.48%. His holdings were 4,250,000 shares as of 06/30/2011.

Telefonica is the largest supplier of telecommunications services in the Spanish and Portuguese speaking world. Telefonica S.a. Ads has a market cap of $105.88 billion; its shares were traded at around $23.2 with a P/E ratio of 5 and P/S ratio of 1.2. The dividend yield of Telefonica S.a. Ads stocks is 6.9%.

New Purchase: Diamond Offshore Drilling Inc. (DO)

Brian Rogers initiated holdings in Diamond Offshore Drilling Inc.. His purchase prices were between $66.65 and $80.14, with an estimated average price of $72.21. The impact to his portfolio due to this purchase was 0.41%. His holdings were 1,250,000 shares as of 06/30/2011.

Diamond Offshore Drilling, Inc. engages principally in the contract drilling of offshore oil and gas wells. Diamond Offshore Drilling Inc. has a market cap of $9.7 billion; its shares were traded at around $69.8 with a P/E ratio of 10.2 and P/S ratio of 2.9. The dividend yield of Diamond Offshore Drilling Inc. stocks is 0.7%. Diamond Offshore Drilling Inc. had an annual average earnings growth of 34.4% over the past 10 years. GuruFocus rated Diamond Offshore Drilling Inc. the business predictability rank of 3-star.

New Purchase: Molson Coors Brewing Co. Cl B (TAP)

Brian Rogers initiated holdings in Molson Coors Brewing Co. Cl B. His purchase prices were between $44.04 and $49.39, with an estimated average price of $46.02. The impact to his portfolio due to this purchase was 0.37%. His holdings were 1,800,000 shares as of 06/30/2011.

Molson Coors Brewing Company is world's fifth-largest global brewer. Molson Coors Brewing Co. Cl B has a market cap of $7.55 billion; its shares were traded at around $45.81 with a P/E ratio of 12.7 and P/S ratio of 1.6. The dividend yield of Molson Coors Brewing Co. Cl B stocks is 2.8%.

New Purchase: General Mills Inc. (GIS)

Brian Rogers initiated holdings in General Mills Inc.. His purchase prices were between $36.21 and $39.95, with an estimated average price of $38.18. The impact to his portfolio due to this purchase was 0.13%. His holdings were 750,000 shares as of 06/30/2011.

General Mills, Inc. is one of the producers of packaged consumer foods and markets its products primarily through its own sales organizations, supported by advertising and other promotional activities. General Mills Inc. has a market cap of $24.13 billion; its shares were traded at around $37.8 with a P/E ratio of 15.2 and P/S ratio of 1.6. The dividend yield of General Mills Inc. stocks is 3.2%. General Mills Inc. had an annual average earnings growth of 8.2% over the past 10 years. GuruFocus rated General Mills Inc. the business predictability rank of 5-star.

Added: Staples Inc. (SPLS)

Brian Rogers added to his holdings in Staples Inc. by 550%. His purchase prices were between $14.79 and $21.33, with an estimated average price of $18.17. The impact to his portfolio due to this purchase was 0.6%. His holdings were 9,750,000 shares as of 06/30/2011.

Staples.com is creating a business-to-business electronic marketplace offering a comprehensive solution for all of the officeneeds of business customers. Staples Inc. has a market cap of $11.64 billion; its shares were traded at around $16.315 with a P/E ratio of 12.8 and P/S ratio of 0.5. The dividend yield of Staples Inc. stocks is 2.4%. Staples Inc. had an annual average earnings growth of 12.2% over the past 10 years. GuruFocus rated Staples Inc. the business predictability rank of 3-star.

Added: HewlettPackard Co. (HPQ)

Brian Rogers added to his holdings in Hewlettpackard Co. by 70.15%. His purchase prices were between $34.26 and $41.57, with an estimated average price of $38.09. The impact to his portfolio due to this purchase was 0.5%. His holdings were 7,276,800 shares as of 06/30/2011.

Hewlett Packard is one of the global providers of computing and imaging solutions and services for business and home. Hewlettpackard Co. has a market cap of $77.72 billion; its shares were traded at around $37.47 with a P/E ratio of 7.5 and P/S ratio of 0.6. The dividend yield of Hewlettpackard Co. stocks is 1.3%. Hewlettpackard Co. had an annual average earnings growth of 22.5% over the past 5 years.

Added: Computer Sciences Corp. (CSC)

Brian Rogers added to his holdings in Computer Sciences Corp. by 31.61%. His purchase prices were between $37.09 and $50.98, with an estimated average price of $43.55. The impact to his portfolio due to this purchase was 0.25%. His holdings were 5,828,300 shares as of 06/30/2011.

Computer Sciences Corp. offers a broad array of professional services to clients in the global commercial and government markets and specializes in the application of advanced and complex I/T to achieve its customers' strategic objectives. Computer Sciences Corp. has a market cap of $5.69 billion; its shares were traded at around $36.69 with a P/E ratio of 7.9 and P/S ratio of 0.4. The dividend yield of Computer Sciences Corp. stocks is 2.2%. Computer Sciences Corp. had an annual average earnings growth of 7.4% over the past 10 years. GuruFocus rated Computer Sciences Corp. the business predictability rank of 4.5-star.

Added: Microsoft Corp. (MSFT)

Brian Rogers added to his holdings in Microsoft Corp. by 23%. His purchase prices were between $23.705 and $26.71, with an estimated average price of $25.04. The impact to his portfolio due to this purchase was 0.24%. His holdings were 10,696,200 shares as of 06/30/2011.

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 $236.79 billion; its shares were traded at around $28.08 with a P/E ratio of 10.7 and P/S ratio of 3.4. The dividend yield of Microsoft Corp. stocks is 2.3%. Microsoft Corp. had an annual average earnings growth of 12.6% over the past 10 years. GuruFocus rated Microsoft Corp. the business predictability rank of 3-star.

Added: Harris Corp. (HRS)

Brian Rogers added to his holdings in Harris Corp. by 24.77%. His purchase prices were between $44.03 and $53.13, with an estimated average price of $48.39. The impact to his portfolio due to this purchase was 0.22%. His holdings were 5,289,500 shares as of 06/30/2011.

Harris Corporation is an international company focused on communicationsequipment for voice, data and video applications. Harris Corp. has a market cap of $5.43 billion; its shares were traded at around $42.71 with a P/E ratio of 8.8 and P/S ratio of 1.1. The dividend yield of Harris Corp. stocks is 2.3%. Harris Corp. had an annual average earnings growth of 33.1% over the past 10 years. GuruFocus rated Harris Corp. the business predictability rank of 4.5-star.

Added: Cisco Systems Inc. (CSCO)

Brian Rogers added to his holdings in Cisco Systems Inc. by 43.56%. His purchase prices were between $14.84 and $18.07, with an estimated average price of $16.49. The impact to his portfolio due to this purchase was 0.2%. His holdings were 9,062,600 shares as of 06/30/2011.

Cisco Systems, Inc. is the worldwide leader in networking for the Internet. Cisco Systems Inc. has a market cap of $89.6 billion; its shares were traded at around $16.29 with a P/E ratio of 11.4 and P/S ratio of 2.2. The dividend yield of Cisco Systems Inc. stocks is 1.5%. Cisco Systems Inc. had an annual average earnings growth of 23% over the past 10 years. GuruFocus rated Cisco Systems Inc. the business predictability rank of 2.5-star.

Added: PNC Financial Services Group Inc. (PNC)

Brian Rogers added to his holdings in Pnc Financial Services Group Inc. by 32.63%. His purchase prices were between $56.61 and $64.13, with an estimated average price of $61.03. The impact to his portfolio due to this purchase was 0.19%. His holdings were 2,845,000 shares as of 06/30/2011.

The PNC Financial Services Group, Inc. is one of the nation's largest diversified financial services organizations, providing regional banking, corporate banking, real estate finance, asset-based lending, wealth management, asset management and global fund services. Pnc Financial Services Group Inc. has a market cap of $29.38 billion; its shares were traded at around $55.82 with a P/E ratio of 8.7 and P/S ratio of 1.7. The dividend yield of Pnc Financial Services Group Inc. stocks is 2.5%. Pnc Financial Services Group Inc. had an annual average earnings growth of 5.9% over the past 10 years.

Added: Archer Daniels Midland Co (ADM)

Brian Rogers added to his holdings in Archer Daniels Midland Co by 63.71%. His purchase prices were between $29.3 and $37.02, with an estimated average price of $32.69. The impact to his portfolio due to this purchase was 0.17%. His holdings were 3,083,600 shares as of 06/30/2011.

Archer Daniels Midland Company is a world leader in agricultural processing and fermentation technology. Archer Daniels Midland Co has a market cap of $20.16 billion; its shares were traded at around $31.6 with a P/E ratio of 9.8 and P/S ratio of 0.3. The dividend yield of Archer Daniels Midland Co stocks is 2%. Archer Daniels Midland Co had an annual average earnings growth of 18.9% over the past 10 years. GuruFocus rated Archer Daniels Midland Co the business predictability rank of 4.5-star.

Added: Amgen Inc. (AMGN)

Brian Rogers added to his holdings in Amgen Inc. by 23.83%. His purchase prices were between $53.08 and $61.17, with an estimated average price of $57.67. The impact to his portfolio due to this purchase was 0.15%. His holdings were 2,858,400 shares as of 06/30/2011.

Amgen Inc. discovers, develops and delivers innovative human therapeutics. Amgen Inc. has a market cap of $50.86 billion; its shares were traded at around $54.7 with a P/E ratio of 10.6 and P/S ratio of 3.4. Amgen Inc. had an annual average earnings growth of 16.4% over the past 10 years. GuruFocus rated Amgen Inc. the business predictability rank of 3-star.

Added: Allstate Corp. (ALL)

Brian Rogers added to his holdings in Allstate Corp. by 16.34%. His purchase prices were between $29.43 and $34.31, with an estimated average price of $31.39. The impact to his portfolio due to this purchase was 0.14%. His holdings were 7,118,600 shares as of 06/30/2011.

Allstate Corporation's business is conducted principally throughAllstate Insurance Company, Allstate Life Insurance Company and theirsubsidiaries. Allstate Corp. has a market cap of $14.74 billion; its shares were traded at around $28.23 with a P/E ratio of 9.2 and P/S ratio of 0.5. The dividend yield of Allstate Corp. stocks is 3%. Allstate Corp. had an annual average earnings growth of 3.5% over the past 10 years.

Added: Avon Products Inc. (AVP)

Brian Rogers added to his holdings in Avon Products Inc. by 13.32%. His purchase prices were between $27.22 and $30.91, with an estimated average price of $28.63. The impact to his portfolio due to this purchase was 0.12%. His holdings were 8,082,400 shares as of 06/30/2011.

Avon Products, Inc. is one of the world's manufacturers and marketers of beauty and related products, which include cosmetics, fragrance and toiletries; beauty plus which consists of jewelry and accessories and apparel; and non-core which consists of gift and decorative and home entertainment products. Avon Products Inc. has a market cap of $12.15 billion; its shares were traded at around $28.24 with a P/E ratio of 15.3 and P/S ratio of 1.1. The dividend yield of Avon Products Inc. stocks is 3.3%. Avon Products Inc. had an annual average earnings growth of 3.2% over the past 10 years. GuruFocus rated Avon Products Inc. the business predictability rank of 3-star.

Added: Suntrust Banks Inc. (STI)

Brian Rogers added to his holdings in Suntrust Banks Inc. by 17.19%. His purchase prices were between $25 and $29.88, with an estimated average price of $27.31. The impact to his portfolio due to this purchase was 0.12%. His holdings were 6,815,700 shares as of 06/30/2011.

SunTrust Banks, Inc. is a commercial banking organization. Suntrust Banks Inc. has a market cap of $13.73 billion; its shares were traded at around $25.57 with a P/E ratio of 26.9 and P/S ratio of 1.4. The dividend yield of Suntrust Banks Inc. stocks is 0.2%.

Added: Vulcan Materials Co. (VMC)

Brian Rogers added to his holdings in Vulcan Materials Co. by 15.84%. His purchase prices were between $36.97 and $46.28, with an estimated average price of $41. The impact to his portfolio due to this purchase was 0.11%. His holdings were 4,388,800 shares as of 06/30/2011.

Vulcan Materials Company is the nation's foremost producer of constructionaggregates, a major producer of other construction materials and a leadingchemicals manufacturer, supplying chloralkali and other industrial andspecialty chemicals. Vulcan Materials Co. has a market cap of $4.58 billion; its shares were traded at around $35.51 with and P/S ratio of 1.8. The dividend yield of Vulcan Materials Co. stocks is 2.8%.

Added: Whirlpool Corp. (WHR)

Brian Rogers added to his holdings in Whirlpool Corp. by 11.57%. His purchase prices were between $72.98 and $88.65, with an estimated average price of $81.8. The impact to his portfolio due to this purchase was 0.11%. His holdings were 2,892,100 shares as of 06/30/2011.

Whirlpool Corp. manufactures and markets a full line of major appliances and related products, primarily for home use. Whirlpool Corp. has a market cap of $5.46 billion; its shares were traded at around $71.63 with a P/E ratio of 7.8 and P/S ratio of 0.3. The dividend yield of Whirlpool Corp. stocks is 2.8%.

Added: General Electric Co. (GE)

Brian Rogers added to his holdings in General Electric Co. by 4.4%. His purchase prices were between $17.97 and $20.65, with an estimated average price of $19.5. The impact to his portfolio due to this purchase was 0.11%. His holdings were 29,636,500 shares as of 06/30/2011.

General Electric is one of the largest and most diversified industrial corporations in the world. General Electric Co. has a market cap of $196.84 billion; its shares were traded at around $18.56 with a P/E ratio of 14.4 and P/S ratio of 1.3. The dividend yield of General Electric Co. stocks is 3.3%. General Electric Co. had an annual average earnings growth of 13.1% over the past 10 years.

Added: Morgan Stanley (MS)

Brian Rogers added to his holdings in Morgan Stanley by 26.9%. His purchase prices were between $21.93 and $27.76, with an estimated average price of $24.47. The impact to his portfolio due to this purchase was 0.08%. His holdings were 3,537,623 shares as of 06/30/2011.

MORGAN STANLEY is a preeminent global financial services firm that maintains market positions in each of its three primary businesses: securities; asset management; and credit services. Morgan Stanley has a market cap of $36.33 billion; its shares were traded at around $23.52 with a P/E ratio of 42 and P/S ratio of 1.1. The dividend yield of Morgan Stanley stocks is 0.9%. Morgan Stanley had an annual average earnings growth of 2.1% over the past 10 years.

Added: The Madison Square Garden Company (MSG)

Brian Rogers added to his holdings in The Madison Square Garden Company by 51.8%. His purchase prices were between $25.86 and $29.05, with an estimated average price of $26.99. The impact to his portfolio due to this purchase was 0.08%. His holdings were 1,904,875 shares as of 06/30/2011.

Madison Square Garden is a fully-integrated sports, entertainment and media business. The Madison Square Garden Company has a market cap of $1.67 billion; its shares were traded at around $26.89 with a P/E ratio of 24.5 and P/S ratio of 1.5.

Reduced: Baker Hughes Inc. (BHI)

Brian Rogers reduced to his holdings in Baker Hughes Inc. by 26.9%. His sale prices were between $67.27 and $78, with an estimated average price of $71.59. The impact to his portfolio due to this sale was -0.14%. Brian Rogers still held 1,086,900 shares as of 06/30/2011.

Baker Hughes Inc. is engaged in the oilfield and process industries. Baker Hughes Inc. has a market cap of $34.66 billion; its shares were traded at around $79.75 with a P/E ratio of 29.7 and P/S ratio of 2.4. The dividend yield of Baker Hughes Inc. stocks is 0.7%. Baker Hughes Inc. had an annual average earnings growth of 11% over the past 10 years.

Reduced: Centerpoint Energy Inc. (CNP)

Brian Rogers reduced to his holdings in Centerpoint Energy Inc. by 44.07%. His sale prices were between $17.23 and $19.35, with an estimated average price of $18.59. The impact to his portfolio due to this sale was -0.11%. Brian Rogers still held 1,776,800 shares as of 06/30/2011.

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 $8.53 billion; its shares were traded at around $20.05 with a P/E ratio of 17.9 and P/S ratio of 1. The dividend yield of Centerpoint Energy Inc. stocks is 3.9%. Centerpoint Energy Inc. had an annual average earnings growth of 4.9% over the past 10 years.

Sold Out: Bed Bath & Beyond Inc. (BBBY)

Brian Rogers sold out his holdings in Bed Bath & Beyond Inc.. His sale prices were between $48.49 and $58.02, with an estimated average price of $54.43.

Bed Bath & Beyond is a nationwide operator of `superstores` selling predominantly better quality domestics merchandise and home furnishings typically found in better department stores. Bed Bath & Beyond Inc. has a market cap of $14.83 billion; its shares were traded at around $59.52 with a P/E ratio of 18.1 and P/S ratio of 1.7. Bed Bath & Beyond Inc. had an annual average earnings growth of 13.1% over the past 10 years. GuruFocus rated Bed Bath & Beyond Inc. the business predictability rank of 3-star.

Sold Out: Dell Inc. (DELL)

Brian Rogers sold out his holdings in Dell Inc.. His sale prices were between $14.25 and $16.75, with an estimated average price of $15.68.

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 $32.28 billion; its shares were traded at around $17.115 with a P/E ratio of 9.3 and P/S ratio of 0.5. Dell Inc. had an annual average earnings growth of 4.2% over the past 10 years.

Sold Out: Expedia Inc. (EXPE)

Brian Rogers sold out his holdings in Expedia Inc.. His sale prices were between $22.26 and $28.59, with an estimated average price of $25.91.

Expedia, Inc. is one of the world's travel services companies. Expedia Inc. has a market cap of $8.36 billion; its shares were traded at around $30.59 with a P/E ratio of 19.9 and P/S ratio of 2.5. The dividend yield of Expedia Inc. stocks is 0.9%. Expedia Inc. had an annual average earnings growth of 9% over the past 5 years.

Sold Out: Mgm Resorts International (MGM)

Brian Rogers sold out his holdings in Mgm Resorts International. His sale prices were between $11.89 and $15.72, with an estimated average price of $13.64.

MGM Resorts International, formerly known as MGM MIRAGE, is a global hospitality company, operating a portfolio of destination resort brands, including Bellagio, MGM Grand, Mandalay Bay and The Mirage. Mgm Resorts International has a market cap of $7.75 billion; its shares were traded at around $15.87 with and P/S ratio of 1.2.

Sold Out: Nrg Energy Inc. (NRG)

Brian Rogers sold out his holdings in Nrg Energy Inc.. His sale prices were between $21.12 and $25.27, with an estimated average price of $23.48.

NRG Energy Inc owns and operates a diverse portfolio of power-generating facilities, primarily in the United States. Nrg Energy Inc. has a market cap of $6.07 billion; its shares were traded at around $25.17 with a P/E ratio of 13.3 and P/S ratio of 0.7. Nrg Energy Inc. had an annual average earnings growth of 27.3% over the past 10 years. GuruFocus rated Nrg Energy Inc. the business predictability rank of 2.5-star.

Sold Out: D.R. Horton Inc. (DHI)

Brian Rogers sold out his holdings in D.R. Horton Inc. His sale prices were between $10.76 and $12.44, with an estimated average price of $11.6.

D.R. Horton, Inc., one of the largest homebuilders in the United States, builds high quality, single-family homes designed principally for the entry-level and move-up markets. D.r. Horton Inc. has a market cap of $3.78 billion; its shares were traded at around $11.85 with a P/E ratio of 395 and P/S ratio of 0.9. The dividend yield of D.r. Horton Inc. stocks is 1.3%.

About the author:

gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

Rating: 2.5/5 (11 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK