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Tweedy Browne Increases Holdings of 3 Stocks in First Quarter

May 13, 2014 | About:
Holly LaFon

Holly LaFon

272 followers
Tweedy Browne (Trades, Portfolio), the famous value firm founded in 1920 and managing $20.9 billion in assets at last quarter-end, was sparing in its purchasing in the first quarter. For the second consecutive quarter, it bought no new stocks and added to only a few. In the first quarter of the year, it added more shares to only three holdings: Banco Santander Brasil SA (BSBR), National Oilwell Varco Inc. (NOV) and Philip Morris International Inc. (PM).

Tweedy Browne (Trades, Portfolio)’s portfolio consists of 47 stocks, most highly weighted with 29% in the Financial Services sector, followed by 21.3% in Energy and 14.8% in Health Care. The portfolio’s value totals $4.32 billion.

The Increases

Banco Santander Brasil SA (BSBR)

Tweedy Browne (Trades, Portfolio) added 12,128,752 shares of Banco Santander Brasil SA in the first quarter, which represented a 24.65% increase and brought the total shares held to 61,332,358. The firm has been increasing its position in the company for the past three consecutive quarters, and given it a 7.9% portfolio placement.

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Banco Santander Brasil SA/Brazil is a full-service bank in Brazil. Banco Santander Brasil SA/Brazil has a market cap of $25.6 billion; its shares were traded at around $6.78. The dividend yield of Banco Santander Brasil SA/Brazil stocks is 3.90%. Banco Santander Brasil SA/Brazil had an annual average earnings growth of 0.70% over the past five years.

National Oilwell Varco Inc. (NOV)

Tweedy Browne (Trades, Portfolio) bought 15,553 new shares of National Oilwell Varco, increasing its holding by 4.69% during the quarter to 0.62% of the portfolio. It held a total of 346,923 shares of the company at quarter-end.

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National Oilwell Varco Inc., a Delaware corporation incorporated in 1995, is a provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry. National Oilwell Varco Inc. has a market cap of $34.76 billion; its shares were traded at around $81.02 with a P/E ratio of 14.90 and P/S ratio of 1.50. The dividend yield of National Oilwell Varco Inc. stocks is 1.30%. National Oilwell Varco Inc. had an annual average earnings growth of 23.20% over the past 10 years. GuruFocus rated National Oilwell Varco Inc. the business predictability rank of 2-star.

Philip Morris International Inc. (PM)

Tweedy Browne (Trades, Portfolio) increased its Philip Morris International shareholding to 1,922,821 shares, or 3.6% of the portfolio. Its total first quarter purchase of new shares was 6,200. The share price averaged $81 for the quarter.

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Philip Morris International Inc. is a Virginia holding company first incorporated in 1987. Philip Morris International Inc. has a market cap of $135.14 billion; its shares were traded at around $85.92 with a P/E ratio of 16.40 and P/S ratio of 4.50. The dividend yield of Philip Morris International Inc. stocks is 4.30%. Philip Morris International Inc. had an annual average earnings growth of 13.10% over the past five years.

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