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David Williams Buys Wells Fargo & Company, Agco Corp., Dean Foods, Sells Sterlite Industries Ltd., Hercules Offshore Inc.

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David Williams manages Columbia Value and Restructuring Fund. He had a bad 2008, but up until June 30, his fund was up about 16%. David Williams owns 132 stocks with a total value of $5.5 billion. These are the details of the buys and sells during the first quarter.

David Williams buys Wells Fargo & Company, sells Sterlite Industries Ltd., MEAD JOHNSON NUTRITI, Hercules Offshore Inc. during the 3-months ended 06/30/2009, according to the most recent filings of his investment company, Columbia Value and Restructuring Fund.


New Purchases: WFC,

Added Positions: AGCO, AMOV, DF, ENLAY.PK, ETN, L,

Reduced Positions: CBS, CIT, EP, ERJ, PPG,

Sold Out: HERO, MJN, SLT,

For the details of David Williams's stock buys and sells, go to the Link Here

This is the sector weightings of David Williams's portfolio:

Technology 5.8% 5.8%
Financials 10.5% 10.5%
Telecommunications 4.5% 4.5%
Consumer Services 1.6% 1.6%
Health Care 8.6% 8.6%
Consumer Goods 3.3% 3.3%
Industrials 14% 14%
Basic Materials 9.5% 9.5%
Oil & Gas 16.7% 16.7%


These are the top 5 holdings of David Williams

  1. Petroleo Brasileiro S.A.Petrobras (PBR) - 7,650,000 shares, 5.73% of the total portfolio
  2. LORILLARD, INC (LO) - 3,900,000 shares, 4.83% of the total portfolio
  3. America Movil S.A.B. de C.V. (AMOV) - 5,500,000 shares, 3.89% of the total portfolio
  4. Union Pacific Corp. (UNP) - 3,750,000 shares, 3.57% of the total portfolio
  5. International Business Machines Corp (IBM) - 1,600,000 shares, 3.05% of the total portfolio
Added: Eaton Corp. (ETN)

David Williams added to his holdings in Eaton Corp. by 10%. His purchase prices were between $43.34 and $49.18, with an estimated average price of $45.3. The impact to his portfolio due to this purchase was 0.16%. His holdings were 2,200,000 shares as of 06/30/2009.

Eaton Corporation is a global diversified industrial manufacturer. Eaton is one of the leaders in fluid power systems electrical power quality and controls automotive air management and fuel economy and intelligent truck components for fuel economy and safety. Eaton Corp. has a market cap of $7.52 billion; its shares were traded at around $45.44 with a P/E ratio of 9.2 and P/S ratio of 0.5. The dividend yield of Eaton Corp. stocks is 4.4%. Eaton Corp. had an annual average earning growth of 7.4% over the past 10 years.

Added: America Movil S.A.B. de C.V. (AMOV)

David Williams added to his holdings in America Movil S.A.B. de C.V. by 3.29%. His purchase prices were between $31.49 and $38.55, with an estimated average price of $35.8. The impact to his portfolio due to this purchase was 0.12%. His holdings were 5,500,000 shares as of 06/30/2009.

America Movil S.A.B. de C.V. has a market cap of $136.86 billion; its shares were traded at around $40.98 . The dividend yield of America Movil S.A.B. de C.V. stocks is 0.7%.

Added: Agco Corp. (AGCO)

David Williams added to his holdings in Agco Corp. by 5.56%. His purchase prices were between $23.3 and $29.65, with an estimated average price of $26.7. The impact to his portfolio due to this purchase was 0.11%. His holdings were 3,800,000 shares as of 06/30/2009.

AGCO CORP. is engaged in the manufacturer and distribution of farm equipment machinery and replacement parts in the United States and Canada. Products include tractors combines hay tools and forage equipment and implements. Agco Corp. has a market cap of $2.71 billion; its shares were traded at around $29.36 with a P/E ratio of 7.7 and P/S ratio of 0.3.

Added: Dean Foods Company (DF)

David Williams added to his holdings in Dean Foods Company by 10%. His purchase prices were between $17.72 and $20.2, with an estimated average price of $18.9. The impact to his portfolio due to this purchase was 0.11%. His holdings were 3,300,000 shares as of 06/30/2009.

Dean Foods Company is the nation's leading processor and distributor of fresh milk and other dairy products and a leader in the specialty foods industry. The company produces a full line of company-branded and private label dairy products such as milk and milk-based beverages ice cream coffee creamers half and half whipping cream whipped toppings sour cream cottage cheese yogurt dips dressings and soy milk. Dean Foods Company has a market cap of $3.61 billion; its shares were traded at around $20.41 with a P/E ratio of 12.8 and P/S ratio of 0.3. Dean Foods Company had an annual average earning growth of 4.8% over the past 10 years.

Added: Loews Corp. (L)

David Williams added to his holdings in Loews Corp. by 9.3%. His purchase prices were between $24.49 and $28.94, with an estimated average price of $26.4. The impact to his portfolio due to this purchase was 0.1%. His holdings were 2,350,000 shares as of 06/30/2009.

Loews Corporation is a holding company. Its subsidiaries are engaged in thefollowing lines of business: property casualty and life insurance; the production and sale of cigarettes; the operation of hotels; the operation of offshore oil and gas drilling rigs; and the distribution and sale of watches and clocks. Loews Corp. has a market cap of $11.99 billion; its shares were traded at around $27.56 with a P/E ratio of 11.3 and P/S ratio of 0.9. The dividend yield of Loews Corp. stocks is 0.9%. Loews Corp. had an annual average earning growth of 58% over the past 5 years.

New Purchase: Wells Fargo & Company (WFC)

David Williams initiated holdings in Wells Fargo & Company. His purchase prices were between $19.57 and $28.18, with an estimated average price of $23.5. The impact to his portfolio due to this purchase was 0.22%. His holdings were 15,000 shares as of 06/30/2009.

Wells Fargo & Company is a diversified financial services company providing banking insurance investments mortgage and consumer finance services through stores its Internet site and other distribution channels across North America as well as internationally. (Company Press Release) Wells Fargo & Company has a market cap of $117.86 billion; its shares were traded at around $25.05 with a P/E ratio of 30.5 and P/S ratio of 2.3. The dividend yield of Wells Fargo & Company stocks is 0.8%. Wells Fargo & Company had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated Wells Fargo & Company the business predictability rank of 4-star.

Reduced: CIT Group Inc. (CIT)

David Williams reduced to his holdings in CIT Group Inc. by 40%. His sale prices were between $2.12 and $4.23, with an estimated average price of $3. The impact to his portfolio due to this sale was -0.05%. David Williams still held 3,000,000 shares as of 06/30/2009.

CIT Group Inc. is a leading commercial and consumer finance company provides clients with financing and leasing products and advisory services. CIT Group Inc. has a market cap of $159.5 million; its shares were traded at around $0.41 . CIT Group Inc. had an annual average earning growth of 27.2% over the past 5 years.

Reduced: CBS Corp. (CBS)

David Williams reduced to his holdings in CBS Corp. by 68.75%. His sale prices were between $5.33 and $8.73, with an estimated average price of $7.2. The impact to his portfolio due to this sale was -0.09%. David Williams still held 1,000,000 shares as of 06/30/2009.

CBS Corporation is a mass media company with constituent parts that reach back to the beginnings of the broadcast industry as well as newer businesses that operate on the leading edge of the media industry. The Company through its many and varied operations combines broad reach with well-positioned local businesses all of which provide it with an extensive distribution network by which it serves audiences and advertisers in states and key international markets. It has operations in virtually every field of media and entertainment including broadcast television (CBS and UPN) cable television (Showtime) local television (CBS Television Stations) television production and syndication (CBS Paramount Television and King World) radio (CBS Radio) advertising on out-of-home media (CBS Outdoor) publishing (Simon & Schuster) theme parks (Paramount Parks) digital media (CBS Digital Media Group and CSTV Networks) and consumer products (CBS Consumer Products). CBS Corp. has a market cap of $4.59 billion; its shares were traded at around $6.75 with a P/E ratio of 5.9 and P/S ratio of 0.3. The dividend yield of CBS Corp. stocks is 2.9%.

Reduced: El Paso Corp. (EP)

David Williams reduced to his holdings in El Paso Corp. by 22.81%. His sale prices were between $6.89 and $10.4, with an estimated average price of $8.6. The impact to his portfolio due to this sale was -0.17%. David Williams still held 4,400,000 shares as of 06/30/2009.

El Paso Energy Corp. is one of the largest integrated natural gas-to-power companies in the world. El Paso Energy not only owns one of North America's largest natural gas pipeline system but also has growing operations in merchant energy services power generation international project development gas gathering and processing and gas and oil production. (Company Press Release) El Paso Corp. has a market cap of $6.58 billion; its shares were traded at around $9.38 with a P/E ratio of 6.5 and P/S ratio of 1.1. The dividend yield of El Paso Corp. stocks is 2.1%.

Reduced: EMBRAEREmpresa Brasileira de Aeronutica (ERJ)

David Williams reduced to his holdings in EMBRAEREmpresa Brasileira de Aeronutica by 50.88%. His sale prices were between $16.62 and $20.31, with an estimated average price of $17.6. The impact to his portfolio due to this sale was -0.21%. David Williams still held 1,400,000 shares as of 06/30/2009.

Embraer Air is a customer-oriented company with experience in designing manufacturing selling and supporting aircraft for the world's commercial and defense markets. The company ranks among the four largest commercial aircraft manufacturers in the world with a well-established family of regional airliners ranging from the 30-seat EMB 120 Brasilia turboprop to the 37-seat ERJ 135 the new 44-seat ERJ 140 and the 50-seat ERJ 145 jetliners. In addition the company have launched a new family of jetliners - the ERJ 170 the ERJ 190-100 and ERJ 190-200. EMBRAEREmpresa Brasileira de Aeronutica has a market cap of $3.16 billion; its shares were traded at around $17.05 with a P/E ratio of 7.6 and P/S ratio of 0.5. The dividend yield of EMBRAEREmpresa Brasileira de Aeronutica stocks is 1.4%.

Reduced: PPG Industries Inc. (PPG)

David Williams reduced to his holdings in PPG Industries Inc. by 23.08%. His sale prices were between $42.2 and $45.13, with an estimated average price of $44.2. The impact to his portfolio due to this sale was -0.28%. David Williams still held 1,500,000 shares as of 06/30/2009.

PPG Industries Inc. is comprised of three following basic business segments: coatings glass and chemicals. Areas in which resources have been focused are automotive original refinish industrial aerospace packaging and architectural coatings; flat glass automotive original and replacement glass aircraft transparencies continuous-strand fiber glass; and chlor-alkali and specialty chemicals. PPG Industries Inc. has a market cap of $8.11 billion; its shares were traded at around $49.27 with a P/E ratio of 13.7 and P/S ratio of 0.5. The dividend yield of PPG Industries Inc. stocks is 4.3%. PPG Industries Inc. had an annual average earning growth of 0.8% over the past 10 years.

Sold Out: Hercules Offshore Inc. (HERO)

David Williams sold out his holdings in Hercules Offshore Inc.. His sale prices were between $1.92 and $5.33, with an estimated average price of $3.8. The impact to his portfolio due to this sale was less than 0.01%.

Hercules Offshore is uniquely qualified to meet operators' needs for exploration workover and development drilling and liftboat services in shallow water depths in the Gulf of Mexico and international markets. It is dedicated to maintaining its fleets reliability and continually improving their performance. It conducts rigorous maintenance programs on all of the rigs and liftboats on a regular basis and invest in advanced equipment and safety upgrades. And it also offers a diversified fleet with a full range of vessel classes. To meet customers' needs vessels operate in various water depths and provide a variety of crane capabilities based on vessel selection. And its fleet works for customers across the Gulf of Mexico and they are also seeking opportunities in international areas with similar water depths and bottom conditions. Hercules Offshore Inc. has a market cap of $338.9 million; its shares were traded at around $3.85 with a P/E ratio of 4 and P/S ratio of 0.3.

Sold Out: MEAD JOHNSON NUTRITI (MJN)

David Williams sold out his holdings in MEAD JOHNSON NUTRITI. His sale prices were between $26.03 and $31.99, with an estimated average price of $29.4. The impact to his portfolio due to this sale was less than 0.01%.

Mead Johnson Nutrition Company is a pediatric nutrition company. It manufactures distributes and sells infant formulas and other nutritional products worldwide primarily under the `Enfa` family of brands. The Company's Enfa family of brands including Enfamil infant formula is a global brand franchise in pediatric nutrition. The company's products include routine and specialty infant formulas children's milks and milk modifiers pediatric vitamins dietary supplements for pregnant and breastfeeding mothers and products for metabolic disorders. It also launched Nutramigen AA an amino acid infant formula for infants with severe protein allergies. The company a subsidiary of Bristol-Myers Squibb Company and headquartered in Evansville Indiana offers its products in North America Europe Asia and Latin America. MEAD JOHNSON NUTRITI has a market cap of $2.57 billion; its shares were traded at around $33.47 with and P/S ratio of 0.9. The dividend yield of MEAD JOHNSON NUTRITI stocks is 3.6%.

Sold Out: Sterlite Industries Ltd. (SLT)

David Williams sold out his holdings in Sterlite Industries Ltd.. His sale prices were between $7.97 and $14.71, with an estimated average price of $10.9. The impact to his portfolio due to this sale was less than 0.01%.

Sterlite Industries Ltd. is a leading producer of copper in India. Sterlite a part of Vedanta Resources a London listed metals and mining major with Aluminium Copper and Zinc operations in India and Australia continues to seek improvements in its business having set benchmarks to LME grade A standards in Copper products manufacturing. Sterlite Industries Ltd. has a market cap of $7.93 billion; its shares were traded at around $11.2 with a P/E ratio of 2.4 and P/S ratio of 1.7. The dividend yield of Sterlite Industries Ltd. stocks is 0.7%.


Rating: 2.6/5 (11 votes)

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