Professional Advisory Services Inc Buys JM Smucker Co, Apple Inc, Intel Corp, Sells PayPal Holdings Inc

• New Purchases: AAPL, INTC, PAYX,
• Added Positions: SJM, FB, OMC, TJX, DIS, UTX, ESRX, MDT, VTR, NKE,
• Reduced Positions: PYPL, DEO, STT, SYK, DG, ACN, NVS, RMD, BBT, UPS,

For the details of PROFESSIONAL ADVISORY SERVICES INC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=PROFESSIONAL+ADVISORY+SERVICES+INC

1. Dollar General Corp (DG) - 239,801 shares, 4.15% of the total portfolio. Shares reduced by 2.89%
2. Berkshire Hathaway Inc (BRK.B) - 105,298 shares, 4.12% of the total portfolio. Shares reduced by 0.32%
3. Novartis AG (NVS) - 219,758 shares, 4.03% of the total portfolio. Shares reduced by 1.78%
4. PepsiCo Inc (PEP) - 168,365 shares, 4.01% of the total portfolio. Shares reduced by 0.2%
5. Alphabet Inc (GOOG) - 19,048 shares, 3.9% of the total portfolio. Shares reduced by 0.03%

Professional Advisory Services Inc initiated holdings in Apple Inc. The purchase prices were between $142.73 and $164.05, with an estimated average price of $155.13. The stock is now traded at around $156.55. The impact to the portfolio due to this purchase was 0.05%. The holdings were 1,412 shares as of 2017-09-30.

Professional Advisory Services Inc initiated holdings in Intel Corp. The purchase prices were between $33.46 and $37.83, with an estimated average price of $35.47. The stock is now traded at around $39.30. The impact to the portfolio due to this purchase was 0.05%. The holdings were 5,800 shares as of 2017-09-30.

Professional Advisory Services Inc initiated holdings in Paychex Inc. The purchase prices were between $54.24 and $60.35, with an estimated average price of $57.05. The stock is now traded at around $63.48. The impact to the portfolio due to this purchase was 0.05%. The holdings were 3,800 shares as of 2017-09-30.

Professional Advisory Services Inc added to the holdings in JM Smucker Co by 64.99%. The purchase prices were between $104.24 and $123.18, with an estimated average price of $114.14. The stock is now traded at around $104.27. The impact to the portfolio due to this purchase was 0.99%. The holdings were 112,000 shares as of 2017-09-30.

Professional Advisory Services Inc reduced to the holdings in PayPal Holdings Inc by 27.98%. The sale prices were between $52.87 and $65.08, with an estimated average price of $59.73. The stock is now traded at around $67.78. The impact to the portfolio due to this sale was -1.03%. Professional Advisory Services Inc still held 227,787 shares as of 2017-09-30.