Chuck Akre (Trades, Portfolio), founder of Akre Capital Management LLC, has nine stocks in his portfolio that are high dividend producers.
Akre has been in the securities business since 1968 and continues to be the primary person responsible for his firm's investment advisory services and investment selection. Akre likes to buy companies with strong business models demonstrating consistent earnings growth, high return on equity or high compound growth rate in book value per share.
Lamar Advertising Co.
The investor holds 55,000 shares of Lamar Advertising (LAMR, Financial) β 0.07% of his total assets. It had a long-term position in the portfolio from 2010 to the second quarter of 2013. He initiated a new stake in the fourth quarter of 2013; in the third quarter the guru reduced his stake by 18.03%.
The company has a market cap of $6.61 billion and is an outdoor advertising company in the U.S. It was founded in 1902.
The stock offers a dividend payout ratio of 71% and a dividend yield of 4.60%. Its dividend growth rates over the past five years and three years did not change.
Columbia Wanger (Trades, Portfolio) increased its stake, John Keeley (Trades, Portfolio) reduced his stake, Pioneer Investments (Trades, Portfolio) acquired a new position, and Paul Tudor Jones (Trades, Portfolio) closed his position.
LPL Financial Holdings Inc.
Akre holds 750,5000 shares of LPL Financial Holdings (LPLA, Financial) β 0.69% of his total assets. It has had a long-term position in the portfolio since 2010. In the third quarter the guru reduced his stake by 43.08%.
The company has a market cap of $4 billion and offers technology, brokerage and investment advisory services through business relationships with all types of financial advisers.
The stock offers a dividend payout ratio of 51% and a dividend yield of 2.39%. Its dividend growth rates over the past five years and three years did not change.
The stock was traded by two investors. AkreΓ reduced his stake, and First Pacific Advisors (Trades, Portfolio) increased its stake.
American Tower Corp.
The investor holds 6,303,493 shares of American Tower (AMT, Financial) β 12.86% of his total assets. It has had a long-term position in the portfolio since 2010; in the third quarter he increased his stake by 19.52%.
The company has a market cap of $40.48 billion and is an owner, operator and developer of wireless and broadcast communications real estate.
The stock offers a dividend payout ratio of 127% and a dividend yield of 1.91%. Its dividend growth rates over the past five years and three years did not change.
This quarter the stock saw a huge increase of 6,472.75% fromΓ Jim Simons (Trades, Portfolio).Γ Paul Tudor Jones (Trades, Portfolio) acquired a new position, Louis Moore Bacon (Trades, Portfolio) closed his position, and Chris Davis (Trades, Portfolio) reduced his stake.
Moody's Corporation
Akre holds 3,605,620 shares of Moody's Corporation (MCO, Financial) β 8.21% of his total assets. The position was established in Q1 2012, and Akre has been increasing and reducing his stake but never exited his position. This quarter he increased his stake by 1.19%.
The company has a market cap of $19.58 billion and is a provider of credit ratings, credit and economic-related research, data and analytical tools, software solutions and related risk management services, quantitative credit risk measures, financial services training and certification services and outsourced research and analytical services to institutional customers.
The stock offers a dividend payout ratio of 28% and a dividend yield of 1.38%. Its dividend growth rates over the past five years and three years are 24.30% and 27.90%.
Joel Greenblatt (Trades, Portfolio) acquired a new position in the portfolio while Paul Tudor Jones (Trades, Portfolio) closed his position. The position saw an increase of 205.52% by Jim Simons (Trades, Portfolio) and a decrease of 68.49% by Jeremy Grantham (Trades, Portfolio).
MasterCard Inc.
Akre holds 4,705,134 shares of MasterCard (MA, Financial) β 9.84% of his total assets. It has had a long-term position in the portfolio since 2010, and the guru has been increasing and reducing his stake but never closed his position. This quarter he increased his stake by 8.69%.
The company has a market cap of $108.95 billion and is a technology company in the payments industry that connects consumers, financial institutions, merchants, governments and businesses, enabling them to use electronic forms of payment instead of cash and checks.
The stock offers a dividend payout ratio of 20% and a dividend yield of 0.66%. Its dividend growth rates over the past five years and three years are 57.60% and 101.40%.
Many gurus traded the stock.Γ Tom Russo (Trades, Portfolio) reduced his stake, Wallace Weitz (Trades, Portfolio) increased his stake, Louis Moore Bacon (Trades, Portfolio) acquired a new position, and Steven Cohen (Trades, Portfolio) closed his position.
Visa Inc.
The investor holds 2,283,240 shares of Visa (V, Financial) β 3.69% of his total assets. The position was established in Q1 2010 and last trade was done in Q4 2014.
The company has a market cap of $170.66 billion and is a payment technology company that connects consumers, businesses, banks and governments in more than 200 countries and territories to fast, secure and reliable electronic payments.
The stock offers a dividend payout ratio of 19% and a dividend yield of 0.65%. Its dividend growth rates over the past five years and three years are 33.40% and 29.70%.
This quarter Frank Sands (Trades, Portfolio) reduced his stake, RS Investment Management (Trades, Portfolio) increased its stake, Chase Coleman (Trades, Portfolio) closed his position, and Louis Moore Bacon (Trades, Portfolio) acquired a new position.
Danaher Corp.
The investor holds 1.5 million shares of Danaher (DHR, Financial) β 2.96% of his total assets. The position was established in Q4 2013 and last trade was done in Q4 2014.
The company has a market cap of $63.38 billion, and its business consists of five segments: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental, and Industrial Technologies.
The stock offers a dividend payout ratio of 14% and a dividend yield of 0.58%. Its dividend growth rates over the past five years and three years are 32.50% and 64.40%.
Daniel Loeb (Trades, Portfolio) acquired a new position in the company, Larry Robbins (Trades, Portfolio) exited his position, Louis Moore Bacon (Trades, Portfolio) reduced his stake, and Pioneer Investments (Trades, Portfolio) increased his stake.
Roper Technologies Inc.
The investor holds 1,349,136 shares of Roper Technologies (ROP, Financial) β 4.90% of his total assets. The position was established in Q1 2014, and the guru increased his stake by 5.76% in the third quarter.
The company has a market cap of $18.67 billion and designs and develops software, both software-as-a-service and licensed and engineered products and solutions for healthcare, transportation, food, energy, water, education and academic research markets.
The stock offers a dividend payout ratio of 18% and a dividend yield of 0.54%. Its dividend growth rates over the past five years and three years are 20.40% and 30.90%.
Mario Gabelli (Trades, Portfolio) acquired a new position, Lee Ainslie (Trades, Portfolio) closed his position, Daniel Loeb (Trades, Portfolio) increased his stake and Louis Moore Bacon (Trades, Portfolio) reduced his stake.
Ubiquiti Networks Inc.
The investor holds 2,680,000 shares of Ubiquiti Networks (UBNT, Financial) β 2.11% of his total assets. The position was established in Q3 2014 and last traded in the second quarter.
The company has a market cap of $2.68 billion and, along with its subsidiaries, is a product-driven company that leverages proprietary technologies to deliver wireless networking solutions with compelling price-performance characteristics to both startup and established network operators and service providers.
The stock offers a dividend payout ratio of 10% and a dividend yield of 0.53%. Its dividend growth rates over the past five years and three years did not change.
The stock was traded by four investors, Louis Moore Bacon (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) closed their positions, Jeremy Grantham (Trades, Portfolio) increased his holdings, and Joel Greenblatt (Trades, Portfolio) reduced his stake.
