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Latest Picks from Tweedy Browne: GOOG, PSX, HBC, JNJ, BK, CSCO

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Long term value shop Tweedy Browne reported their Q2 portfolio. The firm bought into Google and beaten tech Cisco (NASDAQ:CSCO). It did reduced their top holding Philip Morris International (NYSE:PM), and sold out high dividend payers such as AT &T (NYSE:T), and Coca-Cola (NYSE:KO). Regarding to the positions Tweedy Browne sold, they wrote in their second quarter letter:

In terms of sales, we sold our remaining shares of Linde, AT&T (T), Genuine Parts (GPC) and Coca-Cola (NYSE:KO), all of which had performed well, meeting our intrinsic value targets. We also sold our remaining shares of Mediaset SpA, which had been a disappointment in the wake of continued eurozone instability and economic malaise in Southern Europe. We continued to reduce our positions in the Mexican coca cola bottlers, Arca Continental and Coca-Cola Femsa, and trimmed our positions in Henkel, Kone, Philip Morris International, Diageo, Wal-Mart, and Kimberly Clark, among others as these companies' equity prices approached intrinsic value, and more attractively priced alternatives became available.

As of 06/30/2012, Tweedy Browne CO LLC owns 55 stocks with a total value of $2.8 billion. These are the details of the buys and sells.

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

This is the sector weightings of his portfolio:

Financials 23.2%
Consumer Goods 21.6%
Health Care 16.3%
Industrials 14.4%
Oil & Gas 10.7%
Consumer Services 7.1%
Technology 5.7%
Not Assigned 0.5%
Basic Materials 0.2%


These are the top 5 holdings of Tweedy Browne

  1. Johnson & Johnson (JNJ) - 4,398,798 shares, 10.5% of the total portfolio. Shares added by 18.1%
  2. Philip Morris International Inc. (PM) - 3,206,793 shares, 9.8% of the total portfolio. Shares reduced by 22.69%
  3. ConocoPhillips (COP) - 2,888,805 shares, 5.7% of the total portfolio. Shares added by 6.06%
  4. Berkshire Hathaway Inc. (BRK.A) - 1,132 shares, 5.0% of the total portfolio. Shares reduced by 1.14%
  5. Baxter International Inc. (BAX) - 2,549,273 shares, 4.8% of the total portfolio. Shares reduced by 1.01%


New Purchase: Google Inc (NASDAQ:GOOG)

Tweedy Browne initiated holdings in Google Inc. Their purchase prices were between $558.07 and $645.74, with an estimated average price of $599.34. The impact to their portfolio due to this purchase was 3.2%. Their holdings were 158,023 shares as of 06/30/2012. Google is a public and profitable company focused on search services. Google Inc has a market cap of $209.95 billion; its shares were traded at around $653.59 with a P/E ratio of 18.8 and P/S ratio of 5.5. Google Inc had an annual average earnings growth of 51.9% over the past 10 years. GuruFocus rated Google Inc the business predictability rank of 2.5-star.

New Purchase: Phillips 66 (NYSE:PSX)

Tweedy Browne initiated holdings in Phillips 66. Their purchase prices were between $29.07 and $34.18, with an estimated average price of $31.83. The impact to their portfolio due to this purchase was 1.2%. Their holdings were 1,055,393 shares as of 06/30/2012. Phillips 66 is a downstream energy company. It operates in three segments: Refining & Marketing, Midstream and Chemicals. Phillips 66 has a market cap of $25.01 billion; its shares were traded at around $40.11 with a P/E ratio of 5.6 and P/S ratio of 0.1. The dividend yield of Phillips 66 stocks is 2%.

New Purchase: Hsbc Holdings Plc (adr) (HBC)

Tweedy Browne initiated holdings in Hsbc Holdings Plc (adr). Their purchase prices were between $38.93 and $45.8, with an estimated average price of $42.98. The impact to their portfolio due to this purchase was 0.27%. Their holdings were 175,245 shares as of 06/30/2012. HSBC HOLDINGS is one of the largest banking and financial services organisations in the world. Hsbc Holdings Plc (adr) has a market cap of $162.47 billion; its shares were traded at around $44.49 with and P/S ratio of 1.8. The dividend yield of Hsbc Holdings Plc (adr) stocks is 4.6%. Hsbc Holdings Plc (adr) had an annual average earnings growth of 8.9% over the past 10 years.

Sold Out: At&t Inc. (NYSE:T)

Tweedy Browne sold out their holdings in At&t Inc.. Their sale prices were between $30.32 and $35.79, with an estimated average price of $33.15. AT&T Inc. is a premier communications holding company. At&t Inc. has a market cap of $219.8 billion; its shares were traded at around $37.36 with a P/E ratio of 16.4 and P/S ratio of 1.7. The dividend yield of At&t Inc. stocks is 4.7%. At&t Inc. had an annual average earnings growth of 3.3% over the past 10 years.

Sold Out: Broadridge Financial Solutions, Inc. (BR)

Tweedy Browne sold out their holdings in Broadridge Financial Solutions, Inc.. Their sale prices were between $19.94 and $24.12, with an estimated average price of $21.71. Broadridge is a global provider of technology-based outsourcing solutions to the financial services industry. Broadridge Financial Solutions, Inc. has a market cap of $2.76 billion; its shares were traded at around $22.09 with a P/E ratio of 14.3 and P/S ratio of 1.2. The dividend yield of Broadridge Financial Solutions, Inc. stocks is 2.9%.

Sold Out: Cintas Corporation (CTAS)

Tweedy Browne sold out their holdings in Cintas Corporation. Their sale prices were between $35.71 and $39.57, with an estimated average price of $37.9. Cintas Corp. provides a specialized service to businesses of all types - from small service and manufacturing companies to major corporations. Cintas Corporation has a market cap of $5.18 billion; its shares were traded at around $40.7 with a P/E ratio of 18 and P/S ratio of 1.3. The dividend yield of Cintas Corporation stocks is 1.3%. Cintas Corporation had an annual average earnings growth of 4.5% over the past 10 years. GuruFocus rated Cintas Corporation the business predictability rank of 2-star.

Sold Out: The Coca-cola Company (NYSE:KO)

Tweedy Browne sold out their holdings in The Coca-cola Company. Their sale prices were between $71.96 and $77.46, with an estimated average price of $74.95. The Coca-Cola Company is the world's largest beverage company and is the producer and marketer of soft drinks. The Coca-cola Company has a market cap of $177.76 billion; its shares were traded at around $39.2055 with a P/E ratio of 20.1 and P/S ratio of 3.8. The dividend yield of The Coca-cola Company stocks is 2.6%. The Coca-cola Company had an annual average earnings growth of 8% over the past 10 years. GuruFocus rated The Coca-cola Company the business predictability rank of 3.5-star.

Sold Out: Genuine Parts Company (GPC)

Tweedy Browne sold out their holdings in Genuine Parts Company. Their sale prices were between $57.45 and $66.26, with an estimated average price of $62.5. GENUINE PARTS COMPANY is a distributor of automotive replacement parts in the U. Genuine Parts Company has a market cap of $10 billion; its shares were traded at around $63.46 with a P/E ratio of 16.7 and P/S ratio of 0.8. The dividend yield of Genuine Parts Company stocks is 3.1%. Genuine Parts Company had an annual average earnings growth of 5.4% over the past 10 years. GuruFocus rated Genuine Parts Company the business predictability rank of 4-star.

Sold Out: Kraft Foods Inc (KFT)

Tweedy Browne sold out their holdings in Kraft Foods Inc. Their sale prices were between $36.9 and $39.81, with an estimated average price of $38.46. Kraft Foods, Inc. is the largest branded food and beverage company headquartered in the U. Kraft Foods Inc has a market cap of $72.55 billion; its shares were traded at around $40.95 with a P/E ratio of 17.1 and P/S ratio of 1.3. The dividend yield of Kraft Foods Inc stocks is 2.8%. Kraft Foods Inc had an annual average earnings growth of 0.4% over the past 10 years.

Added: Johnson & Johnson (NYSE:JNJ)

Tweedy Browne added to their holdings in Johnson & Johnson by 18.1%. Their purchase prices were between $61.94 and $67.65, with an estimated average price of $64.35. The impact to their portfolio due to this purchase was 1.61%. Their holdings were 4,398,798 shares as of 06/30/2012. Johnson & Johnson is engaged in the manufacture and sale of a broad range of products in the health care field in many countries of the world. Johnson & Johnson has a market cap of $188.51 billion; its shares were traded at around $68.3 with a P/E ratio of 13.6 and P/S ratio of 2.9. The dividend yield of Johnson & Johnson stocks is 3.6%. Johnson & Johnson had an annual average earnings growth of 7.2% over the past 10 years. GuruFocus rated Johnson & Johnson the business predictability rank of 2.5-star.

Added: Bank Of Ny Mell (NYSE:BK)

Tweedy Browne added to their holdings in Bank Of Ny Mell by 41.69%. Their purchase prices were between $19.51 and $24.35, with an estimated average price of $21.93. The impact to their portfolio due to this purchase was 1.03%. Their holdings were 4,583,194 shares as of 06/30/2012. Bank of New York is a bank holding company and one of the world's larger financial institutions. Bank Of Ny Mell has a market cap of $26.54 billion; its shares were traded at around $22.13 with a P/E ratio of 10.6 and P/S ratio of 1.8. The dividend yield of Bank Of Ny Mell stocks is 2.3%.

Added: Cisco Systems, Inc. (NASDAQ:CSCO)

Tweedy Browne added to their holdings in Cisco Systems, Inc. by 22.29%. Their purchase prices were between $15.99 and $21.18, with an estimated average price of $18.06. The impact to their portfolio due to this purchase was 0.46%. Their holdings were 4,148,134 shares as of 06/30/2012. Cisco Systems, Inc. is the worldwide leader in networking for the Internet. Cisco Systems, Inc. has a market cap of $93.94 billion; its shares were traded at around $17.31 with a P/E ratio of 11.1 and P/S ratio of 2.2. The dividend yield of Cisco Systems, Inc. stocks is 1.8%. Cisco Systems, Inc. had an annual average earnings growth of 19.4% over the past 10 years. GuruFocus rated Cisco Systems, Inc. the business predictability rank of 2.5-star.

Added: Conocophillips (COP)

Tweedy Browne added to their holdings in Conocophillips by 6.06%. Their purchase prices were between $51.11 and $76.47, with an estimated average price of $59.94. The impact to their portfolio due to this purchase was 0.33%. Their holdings were 2,888,805 shares as of 06/30/2012. ConocoPhillips is a major international integrated energy company with operations in some 49 countries. Conocophillips has a market cap of $72.43 billion; its shares were traded at around $57.15 with a P/E ratio of 7.4 and P/S ratio of 0.3. The dividend yield of Conocophillips stocks is 4.6%. Conocophillips had an annual average earnings growth of 18.7% over the past 10 years.

Added: Sysco Corporation (SYY)

Tweedy Browne added to their holdings in Sysco Corporation by 10.64%. Their purchase prices were between $27.28 and $29.94, with an estimated average price of $28.61. The impact to their portfolio due to this purchase was 0.16%. Their holdings were 1,580,888 shares as of 06/30/2012. Sysco Corporation is the largest North American distributor of food and food related products to the foodservice or `food-prepared-away-from-home` industry. Sysco Corporation has a market cap of $16.89 billion; its shares were traded at around $29.99 with a P/E ratio of 13.9 and P/S ratio of 0.4. The dividend yield of Sysco Corporation stocks is 3.7%. Sysco Corporation had an annual average earnings growth of 7.7% over the past 10 years. GuruFocus rated Sysco Corporation the business predictability rank of 4-star.

Added: Total S.a. (adr) (TOT)

Tweedy Browne added to their holdings in Total S.a. (adr) by 24.83%. Their purchase prices were between $42.14 and $51.77, with an estimated average price of $45.71. The impact to their portfolio due to this purchase was 0.14%. Their holdings were 443,893 shares as of 06/30/2012. Total Fina SA engages in worldwide oil and gas production, other upstream, RM&T and an expanding multi-national specialty chemicals business. Total S.a. (adr) has a market cap of $116.6 billion; its shares were traded at around $49.04 with a P/E ratio of 7.3 and P/S ratio of 0.5. The dividend yield of Total S.a. (adr) stocks is 5.1%. Total S.a. (adr) had an annual average earnings growth of 12.1% over the past 10 years. GuruFocus rated Total S.a. (adr) the business predictability rank of 4-star.

Reduced: Philip Morris International Inc. (NYSE:PM)

Tweedy Browne reduced to their holdings in Philip Morris International Inc. by 22.69%. Their sale prices were between $81.29 and $90.44, with an estimated average price of $86.48. The impact to their portfolio due to this sale was -2.86%. Tweedy Browne still held 3,206,793 shares as of 06/30/2012. Philip Morris International is the international tobacco company, with products sold in over 160 countries. Philip Morris International Inc. has a market cap of $157.27 billion; its shares were traded at around $92.315 with a P/E ratio of 18.2 and P/S ratio of 2.1. The dividend yield of Philip Morris International Inc. stocks is 3.3%.

Reduced: Coca-cola Femsa, S.a.b. De C.v. (adr) (KOF)

Tweedy Browne reduced to their holdings in Coca-cola Femsa, S.a.b. De C.v. (adr) by 33.12%. Their sale prices were between $102.79 and $127.82, with an estimated average price of $111.6. The impact to their portfolio due to this sale was -1.59%. Tweedy Browne still held 877,285 shares as of 06/30/2012. Coca-Cola Femsa S.A., through its subsidiaries, produces, markets and distributes soft drinks throughout the metropolitan area of Mexico City, in Southeastern Mexico and in metropolitan Buenos Aires, Argentina. Coca-cola Femsa, S.a.b. De C.v. (adr) has a market cap of $21.46 billion; its shares were traded at around $115.29 with a P/E ratio of 27.5 and P/S ratio of 2.2. The dividend yield of Coca-cola Femsa, S.a.b. De C.v. (adr) stocks is 1.7%. Coca-cola Femsa, S.a.b. De C.v. (adr) had an annual average earnings growth of 12.1% over the past 10 years. GuruFocus rated Coca-cola Femsa, S.a.b. De C.v. (adr) the business predictability rank of 3.5-star.

Reduced: Federated Investors Inc (FII)

Tweedy Browne reduced to their holdings in Federated Investors Inc by 47.22%. Their sale prices were between $18.81 and $22.76, with an estimated average price of $20.9. The impact to their portfolio due to this sale was -0.05%. Tweedy Browne still held 77,006 shares as of 06/30/2012. Federated Investors, Inc. is a provider of investment management and related financial services. Federated Investors Inc has a market cap of $2.14 billion; its shares were traded at around $20.42 with a P/E ratio of 13.4 and P/S ratio of 2.4. The dividend yield of Federated Investors Inc stocks is 4.7%.

Here is the complete portfolio of Tweedy Browne. Also check out the Undervalued Stocks, Top Growth Companies, and High Yield stocks of Tweedy Browne.


Rating: 4.0/5 (8 votes)

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