Bill Ackman has been making a lot of news lately on Wall Street. His contraversal views about bond insurers with Marty Whitman are widely reported. He is right, so far, making a lot of money by shorting bond insurers. These are his buys and sells during the second quarter. Bill Ackman owns 9 stocks with a total value of $2.4 billion.
Bill Ackman buys Dr Pepper Snapple Group Inc., Longs Drug Stores Corp., during the 3-months ended 07/23/2008, according to the most recent filings of his investment company, Pershing Square Capital Management, L.P.. Bill Ackman owns 9 stocks with a total value of $2.4 billion. These are the details of the buys and sells.
New Purchases: LDG,
Added Positions: WEN,
Reduced Positions: TGT,
For the details of Bill Ackman's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Bill+Ackman
Added: Wendy's International Inc. (WEN, Financial)
Bill Ackman added to his holdings in Wendy's International Inc. by 83.19%. His purchase prices were between $23 and $29.89, with an estimated average price of $27.1. The impact to his portfolio due to this purchase was 6.6%. His holdings were 13,087,000 shares as of 07/23/2008.
Wendy's International Inc. is primarily engaged in the business of operating developing and franchising a system of distinctive quick-service restaurants. Each Wendy's restaurant offers a relatively standard menu featuring hamburgers and filet of chicken breast sandwiches which are prepared to order with the customer's choice of condiments. Wendy's menu also includes a pita sandwich chicken nuggets chili baked and french fried potatoes prepared salads desserts soft drinks and other non-alcoholic beverages and children's meals. Wendy's International Inc. has a market cap of $2.19 billion; its shares were traded at around $24.87 with a P/E ratio of 32.30 and P/S ratio of 0.93. The dividend yield of Wendy's International Inc. stocks is 2.2%.
New Purchase: Longs Drug Stores Corp. (LDG, Financial)
Bill Ackman initiated holdings in Longs Drug Stores Corp.. His purchase prices were between $38.24 and $47.42, with an estimated average price of $43.5. The impact to his portfolio due to this purchase was 0.15%. His holdings were 85,757 shares as of 07/23/2008.
Longs Drug Stores Corp. is one of the largest drug store chains in North America. Pharmacy is the cornerstone of Longs' business with script volume per day per store among the leaders in the industry. Complementing the pharmacy business are the core categories of over-the-countermedications health care products photo and photo processing cosmetics and greeting cards. Their decentralized philosophy allows store managers to enhance the product mix of their store based on customer preference in the communities they serve. Longs Drug Stores Corp. has a market cap of $2.56 billion; its shares were traded at around $71.6 with a P/E ratio of 25.35 and P/S ratio of 0.48. The dividend yield of Longs Drug Stores Corp. stocks is 1.3%.
Reduced: Target Corp. (TGT, Financial)
Bill Ackman reduced to his holdings in Target Corp. by 18.27%. His sale prices were between $47.72 and $54.71, with an estimated average price of $52.4. The impact to his portfolio due to this sale was -6.8%. Bill Ackman still held 19,608,749 shares as of 07/23/2008.
Target Corporation operates large-store general merchandise formats including discount stores moderate-priced promotional and traditional department stores. They provide exceptional value to consumers through multiple retail formats ranging from upscale discount and moderate-priced to full-service department stores under the following names: Target Mervyn's California Dayton's Marshall Field's and Hudson's. Target Corp. has a market cap of $38.71 billion; its shares were traded at around $49.72 with a P/E ratio of 14.93 and P/S ratio of 0.61. The dividend yield of Target Corp. stocks is 1.4%.
Bill Ackman buys Dr Pepper Snapple Group Inc., Longs Drug Stores Corp., during the 3-months ended 07/23/2008, according to the most recent filings of his investment company, Pershing Square Capital Management, L.P.. Bill Ackman owns 9 stocks with a total value of $2.4 billion. These are the details of the buys and sells.
New Purchases: LDG,
Added Positions: WEN,
Reduced Positions: TGT,
For the details of Bill Ackman's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Bill+Ackman
Added: Wendy's International Inc. (WEN, Financial)
Bill Ackman added to his holdings in Wendy's International Inc. by 83.19%. His purchase prices were between $23 and $29.89, with an estimated average price of $27.1. The impact to his portfolio due to this purchase was 6.6%. His holdings were 13,087,000 shares as of 07/23/2008.
Wendy's International Inc. is primarily engaged in the business of operating developing and franchising a system of distinctive quick-service restaurants. Each Wendy's restaurant offers a relatively standard menu featuring hamburgers and filet of chicken breast sandwiches which are prepared to order with the customer's choice of condiments. Wendy's menu also includes a pita sandwich chicken nuggets chili baked and french fried potatoes prepared salads desserts soft drinks and other non-alcoholic beverages and children's meals. Wendy's International Inc. has a market cap of $2.19 billion; its shares were traded at around $24.87 with a P/E ratio of 32.30 and P/S ratio of 0.93. The dividend yield of Wendy's International Inc. stocks is 2.2%.
New Purchase: Longs Drug Stores Corp. (LDG, Financial)
Bill Ackman initiated holdings in Longs Drug Stores Corp.. His purchase prices were between $38.24 and $47.42, with an estimated average price of $43.5. The impact to his portfolio due to this purchase was 0.15%. His holdings were 85,757 shares as of 07/23/2008.
Longs Drug Stores Corp. is one of the largest drug store chains in North America. Pharmacy is the cornerstone of Longs' business with script volume per day per store among the leaders in the industry. Complementing the pharmacy business are the core categories of over-the-countermedications health care products photo and photo processing cosmetics and greeting cards. Their decentralized philosophy allows store managers to enhance the product mix of their store based on customer preference in the communities they serve. Longs Drug Stores Corp. has a market cap of $2.56 billion; its shares were traded at around $71.6 with a P/E ratio of 25.35 and P/S ratio of 0.48. The dividend yield of Longs Drug Stores Corp. stocks is 1.3%.
Reduced: Target Corp. (TGT, Financial)
Bill Ackman reduced to his holdings in Target Corp. by 18.27%. His sale prices were between $47.72 and $54.71, with an estimated average price of $52.4. The impact to his portfolio due to this sale was -6.8%. Bill Ackman still held 19,608,749 shares as of 07/23/2008.
Target Corporation operates large-store general merchandise formats including discount stores moderate-priced promotional and traditional department stores. They provide exceptional value to consumers through multiple retail formats ranging from upscale discount and moderate-priced to full-service department stores under the following names: Target Mervyn's California Dayton's Marshall Field's and Hudson's. Target Corp. has a market cap of $38.71 billion; its shares were traded at around $49.72 with a P/E ratio of 14.93 and P/S ratio of 0.61. The dividend yield of Target Corp. stocks is 1.4%.
