Brian Rogers (Trades, Portfolio) of value-based T. Rowe Price Equity Income Fund has been focusing on investing in companies over $2 billion and undervalued since 1985, when the fund was created. At the end of last month, Rogers added three new positions to his portfolio.
Rogers currently has 116 positions in his portfolio that has a total value of ~$27.2 billion and a 2% quarter over quarter turnover.
Las Vegas Sands Corp (LVS, Financial)
Rogers purchased 2,250,000 shares of LVS at an average price of $55.74 a share.
Las Vegas Sands Corp develops destination properties, such as entertainment and retail, celebrity chef restaurants and world-class gaming. The company was incorporated in 2004 in Nevada.
According to the Peter Lynch earnings line, which is at $52.40, LVS is currently slightly undervalued. The position is currently trading at $57.07 a share.
Earnings per share for the trailing twelve months as of December 2014 was $3.51 and its growth rate for the year was 25.80%. The current P/E ratio, 15.72, is close to the 10-year-low of 14.92, which is a good sign for investors.
Revenue per share for the trailing twelve months was $18.04 and growth rate was 8.20% for the year. One warning sign investors should be cautious of is revenue growth has been slowing down over the past year. Within the past three years, revenue was growing at 15.90% a year.
1,000,000 shares of VIAB were purchased at an average price of $69.04 a share.
Viacom was established in 2005 as an entertainment content company that connects with audiences through motion pictures, television, as well as online and moblie platforms.
The Lynch earnings line is at $98.70, which indicates the stock may be overvalued because it is trading at $70.30 a share.
Earnings per share for the trailing twelve months as of December 2014 was $5.45 and the company's growth rate for the year was 5.40%. The P/E ratio of 12.91 is currently close to its two-year low of 11.90, which is a good sign for investors.
Another good sign is the company has shown predictable revenue and earnings growth. Revenue per share for the trailing twelve months was $32.39 and its growth rate for the year was 13.80%.
Canadian Natural Resources Ltd (CNQ, Financial)
Rogers purchased 1,600,000 shares of CNQ for an average price of $29.59 a share.
Canadian Natural Resources is an independant energy company that acquires, explores, develops, produces, markets and sells crude oil.
According to the Lynch earings line at $21.50, the stock may be currently overvalued, as it is currently trading at $33.95 a share.
The company's revenue and earnings growth are predictable, which is a good sign for investors. Revenue per share for the trailing twelve months as of December 2014 was $17.48 and its growth rate for the year was 17.80%.
