Focused Investors LLC Buys Bank of America Corporation, 3M Co

Jul 24, 2018

Beverly Hills, CA, based Investment company Focused Investors LLC buys Bank of America Corporation, 3M Co during the 3-months ended 2018-06-30, according to the most recent filings of the investment company, Focused Investors LLC. As of 2018-06-30, Focused Investors LLC owns 22 stocks with a total value of $2.3 billion. These are the details of the buys and sells.

Added Positions: BAC, MMM, UNH, JNJ,
Reduced Positions: MSFT, WMT, WFC,

For the details of Focused Investors LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Focused+Investors+LLC

These are the top 5 holdings of Focused Investors LLC

Anthem Inc (ANTM) - 705,100 shares, 7.2% of the total portfolio. Shares added by 0.40%
American Express Co (AXP) - 1,493,900 shares, 6.28% of the total portfolio. Shares reduced by 0.19%
Johnson & Johnson (JNJ) - 1,206,300 shares, 6.28% of the total portfolio. Shares added by 6.09%
CBS Corp (CBS) - 2,498,300 shares, 6.02% of the total portfolio. Shares added by 0.37%
Zimmer Biomet Holdings Inc (ZBH) - 1,206,500 shares, 5.76% of the total portfolio. Shares added by 0.33%

Added: Bank of America Corporation (BAC)

Focused Investors LLC added to a holding in Bank of America Corporation by 26.33%. The purchase prices were between $28.19 and $31.22, with an estimated average price of $29.85. The stock is now traded at around $30.75. The impact to a portfolio due to this purchase was 0.83%. The holding were 3,273,600 shares as of 2018-06-30.

Added: 3M Co (MMM)

Focused Investors LLC added to a holding in 3M Co by 26.83%. The purchase prices were between $194.39 and $220.09, with an estimated average price of $204.21. The stock is now traded at around $198.84. The impact to a portfolio due to this purchase was 0.65%. The holding were 364,900 shares as of 2018-06-30.

Here is the complete portfolio of Focused Investors LLC. Also check out:

1. Focused Investors LLC's Undervalued Stocks
2. Focused Investors LLC's Top Growth Companies, and
3. Focused Investors LLC's High Yield stocks
4. Stocks that Focused Investors LLC keeps buying

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