Hanson & Doremus Investment Management recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
431 PINE STREET, SUITE 302 BURLINGTON, VT 05402-0819
As of the latest 13F report, the guru’s equity portfolio contained 526 stocks valued at a total of $409.00Mil. The top holdings were SCHB(17.74%), BND(7.38%), and VEA(5.27%).
According to GuruFocus data, these were Hanson & Doremus Investment Management’s top five trades of the quarter.
Trustmark Corp
The guru established a new position worth 86,931 shares in NAS:TRMK, giving the stock a 0.62% weight in the equity portfolio. Shares traded for an average price of $28.93 during the quarter.
On 07/19/2022, Trustmark Corp traded for a price of $30.0101 per share and a market cap of $1.84Bil. The stock has returned 1.66% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 6 out of 10.
In terms of valuation, Trustmark Corp has a price-earnings ratio of 15.06, a price-book ratio of 1.13, a price-earnings-to-growth (PEG) ratio of 3.01 and a price-sales ratio of 3.52.
The price-to-GF Value ratio is 0.99, earning the stock a GF Value rank of 5.
M&T Bank Corp
The guru established a new position worth 13,828 shares in NYSE:MTB, giving the stock a 0.54% weight in the equity portfolio. Shares traded for an average price of $168.06 during the quarter.
On 07/19/2022, M&T Bank Corp traded for a price of $164.23 per share and a market cap of $28.34Bil. The stock has returned 18.89% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 6 out of 10.
In terms of valuation, M&T Bank Corp has a price-earnings ratio of 12.07, a price-book ratio of 1.26, a price-earnings-to-growth (PEG) ratio of 2.32 and a price-sales ratio of 3.42.
The price-to-GF Value ratio is 0.90, earning the stock a GF Value rank of 6.
People's United Financial Inc
The guru sold out of their 122,668-share investment in NAS:PBCT. Previously, the stock had a 0.53% weight in the equity portfolio. Shares traded for an average price of $19.7 during the quarter.
On 07/19/2022, People's United Financial Inc traded for a price of $19.41 per share and a market cap of $8.37Bil. The stock has returned 11.27% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 5 out of 10.
In terms of valuation, People's United Financial Inc has a price-earnings ratio of 13.57, a price-book ratio of 1.00, a price-earnings-to-growth (PEG) ratio of 0.91 and a price-sales ratio of 4.19.
The price-to-GF Value ratio is 1.25, earning the stock a GF Value rank of 3.
Vanguard Tax-Exempt Bond ETF
Hanson & Doremus Investment Management reduced their investment in ARCA:VTEB by 23,009 shares. The trade had a 0.25% impact on the equity portfolio. During the quarter, the stock traded for an average price of $49.99.
On 07/19/2022, Vanguard Tax-Exempt Bond ETF traded for a price of $50.455 per share and a market cap of $17.80Bil. The stock has returned -7.78% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
Vanguard Total Stock Market ETF
During the quarter, Hanson & Doremus Investment Management bought 5,236 shares of ARCA:VTI for a total holding of 20,359. The trade had a 0.24% impact on the equity portfolio. During the quarter, the stock traded for an average price of $205.06.
On 07/19/2022, Vanguard Total Stock Market ETF traded for a price of $193.5388 per share and a market cap of $250.52Bil. The stock has returned -10.64% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, Vanguard Total Stock Market ETF has a price-earnings ratio of 19.40 and a price-book ratio of 3.57.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
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