Chris Davis (Trades, Portfolio) is the portfolio manager of Davis Financial Fund and manages more than $60 billion across several different asset classes.
Transocean Ltd. (RIG)
Davis holds 422,356 shares of Transocean β 0.02% of his total assets. It has a long-term position in the portfolio, and the investor reduced his stake by 0.18% in the second quarter. The position did not face any change in this quarter.
Transocean has a market cap of $4.77 billion; together with its subsidiaries it is an international provider of offshore contract drilling services for oil and gas wells.
The stock offers a dividend payout ratio of 48% and a dividend yield of 13.72%. Its dividend growth rates over the past five years did not face any change and grew by 5.80% during the last three years.
Transocean also has the following five-year growth rates: a negative rate of 4.5% for revenue and 6.9% for book value.
CBL & Associates Properties Inc. (CBL)
Davis holds 338,460 shares of CBL & Associates β 0.02% of his total assets.
CBL & Associates has a market cap of $2.14 billion; it owns, develops, acquires, leases, manages and operates regional shopping malls, open-air centers, associated centers, community centers and office properties.
The stock offers a dividend payout ratio of 115%, a growth rate of 9.70% over the last five years and a dividend yield of 8.46%. Its dividend growth rates over the past five years and three years are 9.70% and 6.00%.
CBL & Associates also has the following negative five-year growth rates: 8.60% for revenue, 5.30% for EBITDA and 8.60% for book value.
Freeport-McMoRan Inc. (FCX)
Davis holds 448,084 shares of Freeport-McMoRan β 0.02% of his total assets. The position was established in 2010 and this quarter the investor reduced his stake by 19.42%.
Freeport-McMoRan has a market cap of $8.51 billion and deals in the mining of copper, gold and molybdenum. Its portfolio of assets includes the Grasberg minerals district in Indonesia, significant mining operations in North and South America and the Tenke Fungurume minerals district in the Democratic Republic of Congo.
The stock offers a dividend payout ratio of 58% and a dividend yield of 6.30%. Its dividend growth rate over the past five years did not change, and it was 7.70% over the last three years.
Freeport-McMoRan also has the following five-year growth rates: 3.60% for revenue and 18.10% for book value. It has a negative rate of 13.10% for EBITDA.
Liberty Property Trust. (LPT)
Davis holds 568,937 shares of Liberty Property β 0.07% of his total assets. It has had a long-term position in the portfolio since 2010; in Q4 2011 it increased 570.65%. This quarter he increased his stake by 9.54%.
Liberty Property Trust has a market cap of $4.8 billion; it provides leasing, property management, development and other tenant-related services for the properties.
The stock offers a dividend payout ratio of 118% and a dividend yield of 5.84%. Its dividend growth rates over the past five years and three years did not face any change.
Liberty Property also has the following five-year growth rates: a negative rate of 5.20% and 3.90% for revenue. It has a positive rate of 2.10% for revenue
Las Vegas Sands Corp. (LVS)
Davis holds 11,827,123 shares of Redwood Trust β 1.87% of his total assets. The position was established in Q2 2013 and later in Q3 2013 and Q1 2014 the position saw increases of 191.43% and 593.58%. This quarter Davis reduced his stake by 14.58%.
Las Vegas Sands has a market cap of $34.6 billion. It is a developer of destination properties (integrated resorts) that feature premium accommodations, world-class gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities and owns and operates integrated resorts in Asia and the United States.
The stock offers a dividend payout ratio of 88% and a dividend yield of 5.69%. Its dividend growth rates over the past five years and three years did not face any change.
Las Vegas Sands also has the following five-year growth rates: 21.80% for revenue, 44.00% for EBITDA and 2.30% for book value.
National Health Investors Inc. (NHI)
Davis holds 89,315 shares of National Health β 0.02% of his total assets. The stock is new in his portfolio and was established in Q4 2014. In the last two quarters he reduced his stake below 1%.
National Health has a market cap of $2.23 billion; with its subsidiaries, it is a real estate investment trust ("REIT") that invests in income-producing health care properties primarily in the long-term care and senior housing industries.
The stock offers a dividend payout ratio of 100%, a growth rate of 7.00% over the last five years and a dividend yield of 5.58%. Its dividend growth rates over the past five years and three years are 7.00% and 7.30%.
National Health also has the following five-year growth rates: 16.20% for revenue, 17.40% for EBITDA and 12.00% for book value.
HP Inc. (HPQ)
Davis holds 280,425 shares of HP β 0.01% of his total assets. It has had a long-term position in his portfolio since 2010, and he has been reducing his stake in recent quarters. This quarter he reduced his stake by 1.73%.
HP has a market cap of $22.23 billion and is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) including customers in the government, health and education sectors.
The stock offers a dividend payout ratio of 27%, a growth rate of 15.70% over the last five years and a dividend yield of 5.13%. Its dividend growth rates over the past five years and three years are 15.70% and 15.10%.
HP also has the following five-year growth rates: 3.90% for revenue and 0.90% for book value. EBITDA did not face any change.
Intel Corp. (INTC)
Davis holds 175,822 shares of Intel β 0.02% of his total assets. The stock has been in his portfolio since 2010; in the last two quarter Davis has been reducing his stake. This quarter he reduced his stake by 1.75%.
Intel has a market cap of $164.08 billion; it designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset and may be enhanced by additional hardware, software and services.
The stock offers a dividend payout ratio of 40%, a growth rate of 10.70% over the last five years and a dividend yield of 2.75%. Its dividend growth rates over the past five years and three years are 10.70% and 4.80%.
Intel also has the following five-year growth rates: 11.50% for revenue, 14.70% for EBITDA and 9.40% for book value.
Microsoft Corp. (MSFT)
Davis holds 6,202,237 shares of Microsoft β 1.14% of his total assets. It has had a long-term position in his portfolio since 2010; he has been reducing his stake every quarter since. This quarter he reduced his stake by 16.44%
The company has a market cap of $441.49 billion and generates revenue by developing, manufacturing, licensing and supporting software products and services for different types of computing devices.
The stock offers a dividend payout ratio of 83%, a growth rate of 18.90% over the last five years and a dividend yield of 2.33%. Its dividend growth rates over the past five years and three years are 18.90% and 16.80%.
Microsoft also has the following five-year growth rates: 9.50% for revenue, 1.20% for EBITDA and 14.50% for book value.
