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David Tepper’s Top 5 Buys of the Fourth Quarter

February 14, 2013 | About:
Holly LaFon

Holly LaFon

254 followers
David Tepper is recognized for his outstanding performance at his hedge fund, Appaloosa Management. In the past five years alone he has trounced the S&P 185.1% versus 12.1%, cumulatively. His $4.57 billion portfolio has stock of 57 companies, with 11 new buys in the fourth quarter. His largest new positions are HCA Holdings Inc. (HCA), MetLife Inc. (MET), Transocean (RIG), Weatherford International Ltd. (WFT) and Noble Corp. (NE).

New Buys

HCA Holdings Inc. (HCA)

Tepper bought 4,325,532 shares of HCA Holdings for $31 per share on average in the fourth quarter. This makes for a 2.8% weighting in his portfolio. Over the last year, HCA Holdings’ stock price gained 32%.

HCA Holdings Inc. was incorporated in Nevada in January 1990 and reincorporated in Delaware in September 1993. HCA Holdings has a market cap of $16.23 billion; its shares were traded around $36.87 with a P/E ratio of 5.2 and P/S ratio of 0.5. HCA Holdings had an annual average earnings growth of 13.7% over the past 10 years. GuruFocus rated HCA Holdings the business predictability rank of 5-star.

MetLife Inc. (MET)

Tepper purchased 3,385,858 shares of MetLife for $34 per share on average. The company’s stock price of $36.69 on Monday is little different than it was one year previously.

MetLife Inc. is a Delaware corporation incorporated in 1999 and global provider of insurance, annuities and employee benefit programs with 90 million clients.

MetLife has a market cap of $40.21 billion; its shares were traded at around $36.8 with a P/E ratio of 15.3 and P/S ratio of 0.6. The dividend yield of MetLife stocks is 2.6%.

Transocean (RIG)

Tepper purchased 1,500,255 shares of Transocean for $46 per share on average. Transocean shares have gained 18% over the past year.

Transocean Ltd. is a Swiss corporation. The company is an international provider of offshore contract drilling services for oil and gas wells.

Transocean has a market cap of $21.33 billion; its shares were traded at around $59.23 with a P/E ratio of 17.8 and P/S ratio of 2. The dividend yield of Transocean Ltd stocks is 1.4%.

Weatherford International Ltd. (WFT)

Tepper purchased 5,008,107 shares of Weatherford International for $11 per share on average. The company’s share price in the past year has decreased almost 26%.

Weatherford International Ltd. was originally incorporated in Delaware in 1972, and as a result of its corporate reorganization in 2002, is now incorporated in Bermuda. It offers products and services for oil and natural gas wells.

Weatherford International has a market cap of $10.12 billion; its shares were traded at around $13.28 with a P/E ratio of 23.4 and P/S ratio of 0.7. Weatherford International had an annual average earnings growth of 17.7% over the past 10 years.

Noble Corp. (NE)

Tepper purchased 1,339,443 shares of Noble Corp. for an average price of $36 per share. The company’s stock has increased almost 3% over the past year.

Noble Corp. is a Swiss corporation. The company is an offshore drilling contractor for the oil and gas industry.

Noble Corp. has a market cap of $10.15 billion; its shares were traded at around $40.08 with a P/E ratio of 19.3 and P/S ratio of 3. The dividend yield of Noble Corp. stocks is 1.4%. Noble Corp. had an annual average earnings growth of 21.6% over the past 10 years.

See David Tepper’s further fourth quarter updates at Appaloosa’s portfolio here. Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of David Tepper.


Rating: 2.4/5 (5 votes)

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