Davidson & Garrard Inc Buys Alphabet, CenturyLink, Vanguard Total Stock Market, Sells Wells Fargo, Bank of Americaoration, Synchronoss Technologies

• New Purchases: NWL, LMT, COF, HPE, LEN, GS,
• Added Positions: IVV, GOOGL, CTL, AMZN, VTI, VO, SBUX, CVS, HBI, CSCO,
• Reduced Positions: WFC, BACPRE, ESRX, SNCR, CHKP, AXP, MCHP, MCK, D, AAPL,
• Sold Out: NXPI, CLR, MRO, OXY, MDT, VEA, KMI, SPGI, WRK, DBEF,

For the details of DAVIDSON & GARRARD INC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=DAVIDSON+%26+GARRARD+INC

1. Apple Inc (AAPL) - 128,513 shares, 3.79% of the total portfolio. Shares reduced by 2.27%
2. General Electric Co (GE) - 324,712 shares, 2.61% of the total portfolio. Shares added by 0.57%
3. Verizon Communications Inc (VZ) - 180,846 shares, 2.46% of the total portfolio. Shares reduced by 2.07%
4. iShares US Preferred Stock (PFF) - 257,248 shares, 2.44% of the total portfolio. Shares reduced by 0.63%
5. AT&T Inc (T) - 216,352 shares, 2.34% of the total portfolio. Shares reduced by 1.28%

Davidson & Garrard Inc initiated holdings in Newell Brands Inc. The purchase prices were between $44.65 and $52.68, with an estimated average price of $48.4. The stock is now traded at around $44.60. The impact to the portfolio due to this purchase was 0.13%. The holdings were 11,510 shares as of 2016-12-31.

Davidson & Garrard Inc initiated holdings in Lockheed Martin Corp. The purchase prices were between $230.52 and $267.62, with an estimated average price of $249.91. The stock is now traded at around $255.71. The impact to the portfolio due to this purchase was 0.08%. The holdings were 1,237 shares as of 2016-12-31.

Davidson & Garrard Inc initiated holdings in Lennar Corp. The purchase prices were between $40.34 and $45.67, with an estimated average price of $42.5. The stock is now traded at around $44.90. The impact to the portfolio due to this purchase was 0.06%. The holdings were 5,200 shares as of 2016-12-31.

Davidson & Garrard Inc initiated holdings in Hewlett Packard Enterprise Co. The purchase prices were between $21.27 and $24.68, with an estimated average price of $22.98. The stock is now traded at around $23.44. The impact to the portfolio due to this purchase was 0.06%. The holdings were 9,903 shares as of 2016-12-31.

Davidson & Garrard Inc initiated holdings in Capital One Financial Corp. The purchase prices were between $71.07 and $90.62, with an estimated average price of $80.62. The stock is now traded at around $87.48. The impact to the portfolio due to this purchase was 0.06%. The holdings were 2,575 shares as of 2016-12-31.

Davidson & Garrard Inc initiated holdings in Goldman Sachs Group Inc. The purchase prices were between $161.07 and $243.09, with an estimated average price of $203.06. The stock is now traded at around $240.36. The impact to the portfolio due to this purchase was 0.05%. The holdings were 860 shares as of 2016-12-31.

Davidson & Garrard Inc added to the holdings in Alphabet Inc by 41.39%. The purchase prices were between $753.22 and $835.74, with an estimated average price of $799.67. The stock is now traded at around $817.47. The impact to the portfolio due to this purchase was 0.22%. The holdings were 3,720 shares as of 2016-12-31.

Davidson & Garrard Inc added to the holdings in CenturyLink Inc by 60.56%. The purchase prices were between $23 and $31, with an estimated average price of $25.41. The stock is now traded at around $25.04. The impact to the portfolio due to this purchase was 0.18%. The holdings were 79,666 shares as of 2016-12-31.

Davidson & Garrard Inc added to the holdings in Vanguard Total Stock Market by 20.29%. The purchase prices were between $106.79 and $117.53, with an estimated average price of $112.57. The stock is now traded at around $117.98. The impact to the portfolio due to this purchase was 0.13%. The holdings were 26,558 shares as of 2016-12-31.

Davidson & Garrard Inc added to the holdings in Vanguard Mid-Cap ETF - DNQ by 33.71%. The purchase prices were between $122.84 and $135.19, with an estimated average price of $129.57. The stock is now traded at around $136.09. The impact to the portfolio due to this purchase was 0.11%. The holdings were 12,856 shares as of 2016-12-31.

Davidson & Garrard Inc added to the holdings in Hanesbrands Inc by 21.29%. The purchase prices were between $21.53 and $25.91, with an estimated average price of $23.89. The stock is now traded at around $19.46. The impact to the portfolio due to this purchase was 0.07%. The holdings were 71,784 shares as of 2016-12-31.

Davidson & Garrard Inc added to the holdings in Salesforce.com Inc by 22.35%. The purchase prices were between $68.41 and $77.77, with an estimated average price of $72.57. The stock is now traded at around $79.77. The impact to the portfolio due to this purchase was 0.01%. The holdings were 4,380 shares as of 2016-12-31.

Davidson & Garrard Inc sold out the holdings in NXP Semiconductors NV. The sale prices were between $96.59 and $104.49, with an estimated average price of $99.37.

Davidson & Garrard Inc sold out the holdings in Continental Resources Inc. The sale prices were between $45.19 and $58.01, with an estimated average price of $51.71.

Davidson & Garrard Inc sold out the holdings in Marathon Oil Corp. The sale prices were between $12.78 and $18.8, with an estimated average price of $16.06.

Davidson & Garrard Inc sold out the holdings in Occidental Petroleum Corp. The sale prices were between $64.95 and $75.03, with an estimated average price of $71.02.

Davidson & Garrard Inc sold out the holdings in Kinder Morgan Inc. The sale prices were between $19.71 and $23.01, with an estimated average price of $21.14.

Davidson & Garrard Inc sold out the holdings in S&P Global Inc. The sale prices were between $107.54 and $126.42, with an estimated average price of $119.46.

Davidson & Garrard Inc reduced to the holdings in Wells Fargo & Co by 52.03%. The sale prices were between $43.75 and $57.29, with an estimated average price of $50.28. The stock is now traded at around $56.85. The impact to the portfolio due to this sale was -0.36%. Davidson & Garrard Inc still held 29,806 shares as of 2016-12-31.

Davidson & Garrard Inc reduced to the holdings in Bank of America Corporation by 70.93%. The sale prices were between $21.56 and $26.38, with an estimated average price of $22.98. The stock is now traded at around $22.18. The impact to the portfolio due to this sale was -0.33%. Davidson & Garrard Inc still held 21,845 shares as of 2016-12-31.

Davidson & Garrard Inc reduced to the holdings in Synchronoss Technologies Inc by 25.06%. The sale prices were between $36.64 and $49.53, with an estimated average price of $41.82. The stock is now traded at around $37.59. The impact to the portfolio due to this sale was -0.2%. Davidson & Garrard Inc still held 55,820 shares as of 2016-12-31.

Davidson & Garrard Inc reduced to the holdings in Check Point Software Technologies Ltd by 69.88%. The sale prices were between $76.17 and $86.33, with an estimated average price of $82.03. The stock is now traded at around $98.86. The impact to the portfolio due to this sale was -0.17%. Davidson & Garrard Inc still held 3,700 shares as of 2016-12-31.

Davidson & Garrard Inc reduced to the holdings in American Express Co by 31.4%. The sale prices were between $59.9 and $75.32, with an estimated average price of $69.23. The stock is now traded at around $77.63. The impact to the portfolio due to this sale was -0.12%. Davidson & Garrard Inc still held 15,534 shares as of 2016-12-31.

Davidson & Garrard Inc reduced to the holdings in Dominion Resources Inc by 23.37%. The sale prices were between $69.99 and $76.99, with an estimated average price of $73.7. The stock is now traded at around $72.35. The impact to the portfolio due to this sale was -0.09%. Davidson & Garrard Inc still held 16,012 shares as of 2016-12-31.