T. Rowe Price Equity Income Fund holds 110 stocks with a total value of $21.107 billion. During the second quarter 2016, the firm bought four new stocks and increased 31 of its existing stakes. The following are the investments with the highest performance sinces that buy.
Apple Inc. (AAPL)
The firm bought 720,000 shares in Apple during the second quarter; since then, the stock price has risen by 9%.
The company has a market cap of $579.47 billion and an enterprise value of $603.78 billion. It designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players and sells a variety of related software, services, accessories, networking solutions and third-party digital content.
The stock price has risen by 109% during the last five years and by 3% year to date but dropped by 9% during the last 12 months. The stock is now 12.48% below its 52-week high and 21.12% above its 52-week low.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with return on equity (ROE) of 37.92% and return on assets (ROA) of 16.28% that are outperforming 96% of the companies in the Global Consumer Electronics industry.
The largest shareholder among the gurus is Ken Fisher (Trades, Portfolio) with 0.21% of outstanding shares followed by Spiros Segalas (Trades, Portfolio) with 0.2%, Warren Buffett (Trades, Portfolio) with 0.18%, Pioneer Investments (Trades, Portfolio) with 0.16% and David Einhorn (Trades, Portfolio) with 0.15%.
Morgan Stanley (MS)
The firm raised its shares in Morgan Stanley by 13.91% during the second quarter, and now it holds 11,650,000 shares. Since then, the stock price has risen by 11%.
The company has a market cap of $56.36 billion and an enterprise value of $173.38 billion. Through its subsidiaries and affiliates, Morgan Stanley provides financial products and services to a diversified group of clients and customers including corporations, governments, financial institutions and individuals.
The stock price has risen by 77% during the last five years but dropped by 7% since the beginning of the year and by 25% during the last 12 months. The stock is now 25.64% below its 52-week high and 37.62% above its 52-week low.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with ROE of 5.51% that is outperforming and ROA of 0.57% that is underperforming 62% of the companies in the Global Capital Markets industry.
Richard Pzena (Trades, Portfolio) is the largest shareholder among the gurus with 0.66% of outstanding shares followed by T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.61%, Diamond Hill Capital (Trades, Portfolio) with 0.61% and HOTCHKIS & WILEY with 0.37%.
Macerich Co. (MAC)
The firm increased its stake in Macerich by 91.58% during the second quarter, and now it holds 650,000 shares. Since then, the stock price has risen by 10%.
The company has a market cap of $12.91 billion and an enterprise value of $18.09 billion. It is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers located throughout the U.S.
The stock price has risen by 89% during the last five years, by 9% since the beginning of the year and by 8% during the last 12 months. The stock is now 9.09% below its 52-week high and 19.63% above its 52-week low.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 18.63% and ROA of 7.86% that are outperforming 77% of the companies in the Global REIT - Retail industry.
The largest shareholder among the gurus is Third Avenue Management (Trades, Portfolio) with 0.96% of outstanding shares followed by Jim Simons (Trades, Portfolio) with 0.8%, T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.45% and Michael Price (Trades, Portfolio) with 0.03%.
Microsoft Corp. (MSFT)
The firm raised its stake in Microsoft by 6.27% during the second quarter, and now it holds 7,975,000 shares. Since then, the stock price has risen by 11%.
The company has a market cap of $446.07 billion and an enterprise value of $392.81 billion. It is engaged in designing, manufacturing and selling devices and online advertising. Its products include operating systems for computing devices, servers, phones and other devices.
The stock price has risen by 137% during the last five years, by 6% since the beginning of the year and by 24% during the last 12 months. The stock is now 0.40% below its 52-week high and 45.96% above its 52-week low.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROA of 21.64% and ROE of 9.13% that are outperforming 79% of the companies in the Global Software - Infrastructure industry.
The largest shareholder among the gurus is PRIMECAP Management (Trades, Portfolio) with 0.76% of outstanding shares followed by Jeff Ubben (Trades, Portfolio) with 0.73%, Dodge & Cox with 0.68%, Barrow, Hanley, Mewhinney & Strauss with 0.35% and Steve Mandel (Trades, Portfolio) with 0.33%.
State Street Corp. (STT)
The firm increased its shares in State Street by 9.43% during the second quarter, and now it holds 4,275,000 shares. Since then, the stock price has risen by 14%.
The company has a market cap of $26.85 billion, and it provides a range of investment management strategies, investment management advisory services and other financial services for corporations, public funds and other sophisticated investors.
The stock price has risen by 95% during the last five years and by 4% since the beginning of the year but dropped by 13% during the last 12 months. The stock is now 14.97% below its 52-week high and 34.09% above its 52-week low.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 9.20% that is outperforming and ROA of 0.83% that is underperforming 56% of the companies in the Global Asset Management industry.
The largest shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with 4.51% of outstanding shares followed by Bill Nygren (Trades, Portfolio) with 1.5%, HOTCHKIS & WILEY with 1.26%, Pzena with 0.83% and Charles Brandes (Trades, Portfolio) with 0.66%.
Harris Corp. (HRS)
The firm increased its shares in Harris Corp. by 7.11% during the second quarter, and now it holds 3,225,000 shares. Since then, the stock price has risen by 12%.
The company has a market cap of $11.06 million and an enterprise value of $15.54 million. Together with its subsidiaries it develops, manufactures and sells technology-based solutions that serve government and commercial customers' mission-critical challenges.
The stock price has risen by 154% during the last five years and by 7% during the last 12 months; It is almost flat year to date. The stock is now 1.29% below its 52-week high and 26.42% above its 52-week low.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROA of 9.80% and ROE of 2.63% that are underperforming 58% of the companies in the Global Communication Equipment industry.
The second-largest shareholder among the gurus is Mario Gabelli (Trades, Portfolio) with 0.35% of outstanding shares followed by Pioneer Investments (Trades, Portfolio) with 0.35%, Joel Greenblatt (Trades, Portfolio) with 0.15%, RS Investment Management (Trades, Portfolio) with 0.08%, Simons with 0.03% and John Keeley (Trades, Portfolio) with 0.01%.
Disclosure: The author holds a long position in Apple but doesn't hold a position in any other company mentioned in this article at the time of publication and had no intention of changing that position within the next 72 hours. See my current holdings here.
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