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Fairholme Focused Income Fund Buys BAC, C, LLY, AZN, GSK, BMY; Sells VZ, T

gurufocus

gurufocus

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Fairholme Focused Income Fund added to its holdings in Eli Lilly & Co. by 22.22%. The impact to his portfolio due to this purchase was 1.01%. His holdings were 209,000 shares as of May 31, 2011.

Eli Lilly and Company discovers, develops, manufactures and sells products in one significant business segment -pharmaceutical products. Eli Lilly & Co. has a market cap of $43.02 billion; its shares were traded at around $37.16 with a P/E ratio of 7.8 and P/S ratio of 1.9. The dividend yield of Eli Lilly & Co. stocks is 5.3%. Eli Lilly & Co. had an annual average earnings growth of 1.3% over the past 10 years.

Added: AstraZeneca Plc ADS (AZN)

Fairholme Focused Income Fund added to his holdings in Astrazeneca Plc Ads by 20.16%. The impact to his portfolio due to this purchase was 0.94%. His holdings were 155,000 shares as of May 31, 2011.

AstraZeneca PLC is one of the top five pharmaceutical companies in the world based on sales and is a therapeutic leader in cardiovascular, gastrointestinal, oncology, anesthesia including pain management, central nervous system (CNS) and respiratory products. Astrazeneca Plc Ads has a market cap of $66.45 billion; its shares were traded at around $47.16 with a P/E ratio of 7.8 and P/S ratio of 2. The dividend yield of Astrazeneca Plc Ads stocks is 5.4%. Astrazeneca Plc Ads had an annual average earnings growth of 18.1% over the past 10 years. GuruFocus rated Astrazeneca Plc Ads the business predictability rank of 4.5-star.

Added: GlaxoSmithKline Plc Ads (GSK)

Fairholme Focused Income Fund added to his holdings in Glaxosmithkline Plc Ads by 18.75%. The impact to his portfolio due to this purchase was 0.9%. His holdings were 190,000 shares as of May 31, 2011.

GlaxoSmithKline is one of the world's research based pharmaceutical and healthcare companies and is committed to improving the quality of human life by enabling people to do more, feel better and live longer. Glaxosmithkline Plc Ads has a market cap of $113.75 billion; its shares were traded at around $44.07 with a P/E ratio of 12.2 and P/S ratio of 2.5. The dividend yield of Glaxosmithkline Plc Ads stocks is 4.7%. Glaxosmithkline Plc Ads had an annual average earnings growth of 3.2% over the past 10 years.

Added: BristolMyers Squibb Co. (BMY)

Fairholme Focused Income Fund added to his holdings in Bristolmyers Squibb Co. by 16.88%. The impact to his portfolio due to this purchase was 0.8%. His holdings were 277,000 shares as of May 31, 2011.

Bristol-Myers Squibb Company is a global leader in the research and development of innovative lifesaving and life-enhancing treatments for heart disease; high blood pressure; stroke; diabetes; cancer; HIV/AIDS and other infectious diseases; depression, schizophrenia and other mental disorders; pain; and other conditions. Bristolmyers Squibb Co. has a market cap of $47.84 billion; its shares were traded at around $28.04 with a P/E ratio of 12.8 and P/S ratio of 2.5. The dividend yield of Bristolmyers Squibb Co. stocks is 4.7%. Bristolmyers Squibb Co. had an annual average earnings growth of 15% over the past five years.

New Purchase: Bank of America Corp. (BAC)

Fairholme Focused Income Fund initiated holdings in Bank of America Corp.. The impact to his portfolio due to this purchase was 17.57%. His holdings were 2,160,000 shares as of May 31, 2011.

Bank of America Corp. is one of the world's financial services companies. Bank of America Corp. has a market cap of $96.16 billion; its shares were traded at around $9.49 with and P/S ratio of 0.7. The dividend yield of Bank of America Corp. stocks is 0.4%.

New Purchase: Citigroup Inc. (C)

Fairholme Focused Income Fund initiated holdings in Citigroup Inc. The impact to his portfolio due to this purchase was 10.91%. His holdings were 383,000 shares as of May 31, 2011.

Citigroup Inc., the global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage and wealth management. Citigroup Inc. has a market cap of $107.64 billion; its shares were traded at around $37.04 with a P/E ratio of 11.3 and P/S ratio of 1.3. The dividend yield of Citigroup Inc. stocks is 0.1%.

Reduced: Verizon Communications Inc. (VZ)

Fairholme Focused Income Fund reduced to his holdings in Verizon Communications Inc. by 50.01%. The impact to his portfolio due to this sale was -8.96%. Fairholme Focused Income Fund still held 271,300 shares as of May 31, 2011.

Verizon Communications, formed by the merger of Bell Atlantic and GTE, is one of the world's providers of high-growth communications services. Verizon Communications Inc. has a market cap of $100.4 billion; its shares were traded at around $35.49 with a P/E ratio of 16.3 and P/S ratio of 1. The dividend yield of Verizon Communications Inc. stocks is 5.5%. Verizon Communications Inc. had an annual average earnings growth of 2.7% over the past 10 years. GuruFocus rated Verizon Communications Inc. the business predictability rank of 2.5-star.

Reduced: AT&T (T)

Fairholme Focused Income Fund reduced to his holdings in AT&T by 50.01%. The impact to his portfolio due to this sale was -8.16%. Fairholme Focused Income Fund still held 321,300 shares as of May 31, 2011.

AT&T Inc. is a premier communications holding company. AT&T has a market cap of $172.8 billion; its shares were traded at around $29.18 with a P/E ratio of 12.9 and P/S ratio of 1.4. The dividend yield of AT&T stocks is 5.9%. AT&T had an annual average earnings growth of 4.7% over the past 10 years.

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