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T. Rowe Price’s Brian Rogers Buys Lockheed Martin Corp., Nyse Euronext, Electronic Arts Inc., Sells Norfolk Southern Corp., Yahoo! Inc.

Brian Rogers, CIO of T. Rowe Price, manager of its Equity Income Fund, has seen his fund recovering from deep loss in 2008. Now he is concerned about how strong an economicrebound is likely to be. This is the third quarter buys and sells in his fund.

Brian Rogers buys Lockheed Martin Corp., Nyse Euronext, Electronic Arts Inc., The Williams Companies Inc., sells Norfolk Southern Corp., Yahoo! Inc. during the 3-months ended 09/30/2009, according to the most recent filings of his investment company, T Rowe Price Equity Income Fund. Brian Rogers owns 124 stocks with a total value of $15.7 billion. These are the details of the buys and sells.

  • New Purchases: ERTS, LMT, NYX, WMB,
  • Added Positions: CNP,
  • Reduced Positions: CBS, GS, WHR,
  • Sold Out: NSC,YHOO,
For the details of Brian Rogers's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Brian+Rogers

This is the sector weightings of his portfolio:


These are the top 5 holdings of Brian Rogers

  1. JPMorgan Chase & Co. (JPM) - 14,300,800 shares, 3.99% of the total portfolio
  2. General Electric Company (GE) - 26,136,600 shares, 2.73% of the total portfolio
  3. Bank Of America Corp. (BAC) - 24,918,486 shares, 2.68% of the total portfolio
  4. Chevron Corp. (CVX) - 5,917,700 shares, 2.65% of the total portfolio
  5. Exxon Mobil Corp. (XOM) - 5,917,700 shares, 2.58% of the total portfolio


Added: Centerpoint Energy Inc. (CNP)

Brian Rogers added to his holdings in Centerpoint Energy Inc. by 117.88%. His purchase prices were between $10.78 and $12.83, with an estimated average price of $12.06. The impact to his portfolio due to this purchase was 0.09%. His holdings were 2,178,800 shares as of 09/30/2009.

CenterPoint Energy is a domestic energy delivery company that includes electricity transmission and distribution natural gas distribution and sales interstate pipeline and gathering operations. They serve customers in Arkansas Illinois Iowa Kansas Louisiana Minnesota Mississippi Missouri Oklahoma Texas and Wisconsin. Centerpoint Energy Inc. has a market cap of $4.91 billion; its shares were traded at around $12.7 with a P/E ratio of 11.9 and P/S ratio of 0.4. The dividend yield of Centerpoint Energy Inc. stocks is 6%.

New Purchase: Lockheed Martin Corp. (LMT)

Brian Rogers initiated holdings in Lockheed Martin Corp.. His purchase prices were between $73.13 and $82.49, with an estimated average price of $76.54. The impact to his portfolio due to this purchase was 0.49%. His holdings were 989,300 shares as of 09/30/2009.

Lockheed Martin Corp. is a global enterprise principally engaged in the research design development manufacture and integration of advanced-technology systems products and services. The corporation's core businesses are systems integration space aeronautics and technology services. (Company Press Release) Lockheed Martin Corp. has a market cap of $27.47 billion; its shares were traded at around $71.47 with a P/E ratio of 9.3 and P/S ratio of 0.6. The dividend yield of Lockheed Martin Corp. stocks is 3.2%. Lockheed Martin Corp. had an annual average earning growth of 5.1% over the past 10 years.

New Purchase: Nyse Euronext (NYX)

Brian Rogers initiated holdings in Nyse Euronext. His purchase prices were between $24.07 and $30.29, with an estimated average price of $27.55. The impact to his portfolio due to this purchase was 0.36%. His holdings were 1,978,600 shares as of 09/30/2009.

NYSE Group Inc. is a leading provider of securities listing trading and market data products and services. The NYSE is the world's largest and most liquid cash equities exchange. The NYSE provides a reliable orderly liquid and efficient marketplace where investors buy and sell listed companies' common stock and other securities. NYSE Arca the first open all-electronic stock exchange in the United States has a leading position in trading exchange-traded funds and exchange-listed securities. NYSE Arca is also an exchange for trading equity options. NYSE Arca's trading platforms provide customers with fast electronic execution and open direct and anonymous market access. NYSE Regulation an independent not-for-profit subsidiary regulates member organizations through the enforcement of marketplace rules and federal securities laws. Nyse Euronext has a market cap of $7.35 billion; its shares were traded at around $28.26 with a P/E ratio of 13 and P/S ratio of 1.6. The dividend yield of Nyse Euronext stocks is 4.2%.

New Purchase: Electronic Arts Inc. (ERTS)

Brian Rogers initiated holdings in Electronic Arts Inc.. His purchase prices were between $17.82 and $21.98, with an estimated average price of $20. The impact to his portfolio due to this purchase was 0.27%. His holdings were 2,225,900 shares as of 09/30/2009.

Electronic Arts Inc. operates in two principal business segments globally: EA Core business segment: creation marketing and distribution of entertainment software and the EA.com business segment: creation marketing and distribution of entertainment software which can be played or sold online. Electronic Arts Inc. has a market cap of $6.3 billion; its shares were traded at around $19.47 with and P/S ratio of 1.5.

New Purchase: The Williams Companies Inc. (WMB)

Brian Rogers initiated holdings in The Williams Companies Inc.. His purchase prices were between $13.83 and $18.98, with an estimated average price of $16.67. The impact to his portfolio due to this purchase was 0.17%. His holdings were 1,483,900 shares as of 09/30/2009.

Williams Companies moves manages and markets a variety of energy products including natural gas liquid hydrocarbons petroleum and electricity. Based in Tulsa Oklahoma Williams' operations span the energy value chain from wellhead to burner tip. The Williams Companies Inc. has a market cap of $11 billion; its shares were traded at around $18.87 with a P/E ratio of 14.3 and P/S ratio of 0.9. The dividend yield of The Williams Companies Inc. stocks is 2.3%. The Williams Companies Inc. had an annual average earning growth of 5% over the past 5 years.

Reduced: Cbs Corp. (CBS)

Brian Rogers reduced to his holdings in Cbs Corp. by 56.36%. His sale prices were between $5.78 and $12.65, with an estimated average price of $9.5. The impact to his portfolio due to this sale was -0.07%. Brian Rogers still held 1,522,800 shares as of 09/30/2009.

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 $8.65 billion; its shares were traded at around $12.77 with a P/E ratio of 18 and P/S ratio of 0.6. The dividend yield of Cbs Corp. stocks is 1.6%.

Reduced: Whirlpool Corp. (WHR)

Brian Rogers reduced to his holdings in Whirlpool Corp. by 23.97%. His sale prices were between $41.74 and $73.02, with an estimated average price of $58.95. The impact to his portfolio due to this sale was -0.26%. Brian Rogers still held 2,463,400 shares as of 09/30/2009.

Whirlpool Corp. manufactures and markets a full line of major appliances and related products primarily for home use. The company's principal products are home laundry appliances home refrigerators and freezers home cooking appliances home dishwashers room air-conditioning equipment and mixers and other small household appliances. The company also produces hermetic compressors and plastic components primarilyfor the home appliance and electronics industries. Whirlpool Corp. has a market cap of $5.75 billion; its shares were traded at around $77.66 with a P/E ratio of 17.8 and P/S ratio of 0.3. The dividend yield of Whirlpool Corp. stocks is 2.2%. Whirlpool Corp. had an annual average earning growth of 5.7% over the past 10 years. GuruFocus rated Whirlpool Corp. the business predictability rank of 2.5-star.

Reduced: Goldman Sachs Group Inc. The (GS)

Brian Rogers reduced to his holdings in Goldman Sachs Group Inc. The by 41.5%. His sale prices were between $138.55 and $185.52, with an estimated average price of $163.8. The impact to his portfolio due to this sale was -0.38%. Brian Rogers still held 787,400 shares as of 09/30/2009.

Goldman Sachs is a global investment banking and securities firm providing a full range of investing advisory and financing services worldwide to a substantial and diversified client base which includes corporations financial institutions governments and high net worth individuals. (Company Press Release) Goldman Sachs Group Inc. The has a market cap of $91.7 billion; its shares were traded at around $179.37 with a P/E ratio of 20.9 and P/S ratio of 1.7. The dividend yield of Goldman Sachs Group Inc. The stocks is 0.8%. Goldman Sachs Group Inc. The had an annual average earning growth of 24.5% over the past 10 years.

Sold Out: Norfolk Southern Corp. (NSC)

Brian Rogers sold out his holdings in Norfolk Southern Corp.. His sale prices were between $35.87 and $49.23, with an estimated average price of $44.31.

Norfolk Southern Corp. a Virginia-based holding company owns two major freight railroads Norfolk Southern Railway Company and Norfolk Western Railway Company which operates in numerous states the District of Columbia and the Province of Ontario. (Company Press Release) Norfolk Southern Corp. has a market cap of $17.25 billion; its shares were traded at around $46.93 with a P/E ratio of 12.7 and P/S ratio of 1.6. The dividend yield of Norfolk Southern Corp. stocks is 2.9%. Norfolk Southern Corp. had an annual average earning growth of 9.7% over the past 10 years.

Sold Out: Yahoo! Inc. (YHOO)

Brian Rogers sold out his holdings in Yahoo! Inc.. His sale prices were between $14.18 and $17.5, with an estimated average price of $15.49.

Yahoo! Inc. is a global Internet communications commerce and media company that offers a comprehensive branded network of services. As one of the first online navigational guides to the World Wide Web Yahoo! is one of the leading guides in terms of traffic advertising and household and business user reach. The company also provides online business and enterprise services designed to enhance the productivity and Web presence of Yahoo!'s clients. Yahoo! Inc. has a market cap of $23.68 billion; its shares were traded at around $16.87 with a P/E ratio of 40.2 and P/S ratio of 3.3. Yahoo! Inc. had an annual average earning growth of 20.4% over the past 5 years.


Rating: 2.5/5 (6 votes)

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