T Rowe Price Equity Income Fund Buys Franklin Resources Inc, CVS Health Corp, Chubb, Sells Ameriprise Financial Inc, Illinois Tool Works Inc, Exelon Corp

• New Purchases: SRE,
• Added Positions: BEN, CVS, CB, PM, EQR, MET, WFC, LB, WR, SO,
• Reduced Positions: AMP, ITW, STT, NTRS, C, KSS, JPM, DGE, L, OXY,
• Sold Out: EXC, AAPL, M, UTX, CNQ,

For the details of T Rowe Price Equity Income Fund's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=T+Rowe+Price+Equity+Income+Fund

1. JPMorgan Chase & Co (JPM) - 7,715,000 shares, 4.24% of the total portfolio. Shares reduced by 4.64%
2. Wells Fargo & Co (WFC) - 11,240,000 shares, 2.95% of the total portfolio. Shares added by 7.56%
3. Exxon Mobil Corp (XOM) - 6,750,000 shares, 2.52% of the total portfolio. Shares reduced by 3.23%
4. Microsoft Corp (MSFT) - 5,165,000 shares, 2.36% of the total portfolio. Shares reduced by 6.26%
5. Morgan Stanley (MS) - 8,590,000 shares, 2.32% of the total portfolio. Shares reduced by 7.63%

T Rowe Price Equity Income Fund initiated holding in Sempra Energy. The purchase prices were between $103.36 and $113.02, with an estimated average price of $107.89. The stock is now traded at around $112.51. The impact to a portfolio due to this purchase was 0.24%. The holding were 430,000 shares as of 2018-03-31.

T Rowe Price Equity Income Fund added to a holding in Franklin Resources Inc by 209.30%. The purchase prices were between $34.11 and $45.86, with an estimated average price of $40.74. The stock is now traded at around $33.90. The impact to a portfolio due to this purchase was 0.47%. The holding were 3,990,000 shares as of 2018-03-31.

T Rowe Price Equity Income Fund added to a holding in CVS Health Corp by 148.96%. The purchase prices were between $60.6 and $83.63, with an estimated average price of $71.75. The stock is now traded at around $66.84. The impact to a portfolio due to this purchase was 0.44%. The holding were 2,390,000 shares as of 2018-03-31.

T Rowe Price Equity Income Fund added to a holding in Chubb Ltd by 28.39%. The purchase prices were between $134.57 and $156.15, with an estimated average price of $144.82. The stock is now traded at around $136.17. The impact to a portfolio due to this purchase was 0.31%. The holding were 2,035,000 shares as of 2018-03-31.

T Rowe Price Equity Income Fund added to a holding in Philip Morris International Inc by 30.97%. The purchase prices were between $95.63 and $110.6, with an estimated average price of $104.15. The stock is now traded at around $103.17. The impact to a portfolio due to this purchase was 0.29%. The holding were 2,500,000 shares as of 2018-03-31.

T Rowe Price Equity Income Fund added to a holding in Equity Residential by 34.98%. The purchase prices were between $55.26 and $63.84, with an estimated average price of $59.42. The stock is now traded at around $62.44. The impact to a portfolio due to this purchase was 0.22%. The holding were 2,740,000 shares as of 2018-03-31.

T Rowe Price Equity Income Fund added to a holding in L Brands Inc by 110.87%. The purchase prices were between $37.51 and $59.89, with an estimated average price of $46.78. The stock is now traded at around $36.44. The impact to a portfolio due to this purchase was 0.19%. The holding were 1,940,000 shares as of 2018-03-31.

T Rowe Price Equity Income Fund sold out a holding in Exelon Corp. The sale prices were between $35.98 and $39.59, with an estimated average price of $37.89.

T Rowe Price Equity Income Fund sold out a holding in Apple Inc. The sale prices were between $155.15 and $181.72, with an estimated average price of $172.19.

T Rowe Price Equity Income Fund sold out a holding in Macy's Inc. The sale prices were between $23.47 and $30.41, with an estimated average price of $26.98.

T Rowe Price Equity Income Fund sold out a holding in United Technologies Corp. The sale prices were between $122.31 and $138.32, with an estimated average price of $131.23.

T Rowe Price Equity Income Fund sold out a holding in Canadian Natural Resources Ltd. The sale prices were between $29.76 and $37.25, with an estimated average price of $32.91.

T Rowe Price Equity Income Fund reduced to a holding in Ameriprise Financial Inc by 61.25%. The sale prices were between $144.89 and $182.04, with an estimated average price of $163.13. The stock is now traded at around $144.11. The impact to a portfolio due to this sale was -0.58%. T Rowe Price Equity Income Fund still held 465,000 shares as of 2018-03-31.

T Rowe Price Equity Income Fund reduced to a holding in Illinois Tool Works Inc by 64.81%. The sale prices were between $153.86 and $178.88, with an estimated average price of $166.01. The stock is now traded at around $157.90. The impact to a portfolio due to this sale was -0.41%. T Rowe Price Equity Income Fund still held 285,000 shares as of 2018-03-31.

T Rowe Price Equity Income Fund reduced to a holding in Northern Trust Corp by 40.33%. The sale prices were between $96.2 and $110.7, with an estimated average price of $104.61. The stock is now traded at around $105.17. The impact to a portfolio due to this sale was -0.29%. T Rowe Price Equity Income Fund still held 910,000 shares as of 2018-03-31.

T Rowe Price Equity Income Fund reduced to a holding in Kohl's Corp by 26.5%. The sale prices were between $54.36 and $68.83, with an estimated average price of $63.46. The stock is now traded at around $61.82. The impact to a portfolio due to this sale was -0.21%. T Rowe Price Equity Income Fund still held 2,330,000 shares as of 2018-03-31.

T Rowe Price Equity Income Fund reduced to a holding in Diageo PLC by 76.35%. The sale prices were between $23.55 and $26.87, with an estimated average price of $25.01. The stock is now traded at around $24.59. The impact to a portfolio due to this sale was -0.19%. T Rowe Price Equity Income Fund still held 350,000 shares as of 2018-03-31.

T Rowe Price Equity Income Fund reduced to a holding in Flowserve Corp by 29.81%. The sale prices were between $40.36 and $45.59, with an estimated average price of $43.54. The stock is now traded at around $46.30. The impact to a portfolio due to this sale was -0.16%. T Rowe Price Equity Income Fund still held 1,860,000 shares as of 2018-03-31.