(GuruFocus, October 28, 2009) Investment Guru Brian Rogers of T.Rowe Price Equity Income Fund has reported his quarterly holdings. This is his sector allocation as of September 30, 2009:
Commenting on the sector performances, Rogers said:
On the outlook of the equity market, Rogers said he does not forecast short term market movements, instead he prefers “to focus on our primary goal of building wealth through equities over time.”
Here his top holdings as of September 30, 2009:
No. 1: JPMorgan Chase & Co. (JPM, Financial), Weightings: 3.99% - 14,300,800 Shares
JPMorgan Chase & Co. is a leading global financial services firm. JPMorgan Chase & Co. has a market cap of $172.64 billion; its shares were traded at around $43.9 with a P/E ratio of 41.1 and P/S ratio of 2.6. The dividend yield of Jpmorgan Chase & Co. stocks is 0.5%.
No. 2: General Electric Company (GE, Financial), Weightings: 2.73% - 26,136,600 Shares
General Electric is one of the largest and most diversified industrial corporations in the world. General Electric Company has a market cap of $158.66 billion; its shares were traded at around $14.93 with a P/E ratio of 12.3 and P/S ratio of 0.9. The dividend yield of General Electric Company stocks is 2.7%. General Electric Company had an annual average earning growth of 12.7% over the past 10 years. GuruFocus rated General Electric Company the business predictability rank of 3.5-star.
No. 3: Bank of America Corp. (BAC, Financial), Weightings: 2.68% - 24,918,486 Shares
Bank of America Corp. is one of the world's leading financial services companies. Bank Of America Corp. has a market cap of $133.67 billion; its shares were traded at around $15.45 with a P/E ratio of 103 and P/S ratio of 1.8. The dividend yield of Bank Of America Corp. stocks is 0.3%. Bank Of America Corp. had an annual average earning growth of 7.5% over the past 10 years.
No. 4: Chevron Corp. (CVX, Financial), Weightings: 2.65% - 5,917,700 Shares
Chevron is the fifth-largest integrated energy company in the world. Chevron Corp. has a market cap of $153.6 billion; its shares were traded at around $76.59 with a P/E ratio of 10.2 and P/S ratio of 0.6. The dividend yield of Chevron Corp. stocks is 3.5%. Chevron Corp. had an annual average earning growth of 14.5% over the past 10 years. GuruFocus rated Chevron Corp. the business predictability rank of 3.5-star.
No. 5: Exxon Mobil Corp. (XOM, Financial), Weightings: 2.58% - 5,917,700 Shares
Exxon Mobil Corporation's principal business is energy involving exploration for and production of crude oil and natural gas, manufacturing of petroleum products and transportation and sale of crude oil. natural gas and petroleum products. Exxon Mobil Corp. has a market cap of $360 billion; its shares were traded at around $74.91 with a P/E ratio of 12.7 and P/S ratio of 0.7. The dividend yield of Exxon Mobil Corp. stocks is 2.2%. Exxon Mobil Corp. had an annual average earning growth of 16.8% over the past 10 years. GuruFocus rated Exxon Mobil Corp. the business predictability rank of 2.5-star.
No. 6: Royal Dutch Shell plc (RDS-A), Weightings: 2.06% - 5,670,400 Shares
Royal Dutch Petroleum Company owns 60% of the Royal Dutch/Shell Group of companies. These companies are involved in all phases of the petroleum industry from exploration to final processing and delivery. Royal Dutch Shell Plc has a market cap of $192.47 billion; its shares were traded at around $62.76 with a P/E ratio of 10.7 and P/S ratio of 0.4. The dividend yield of Royal Dutch Shell Plc stocks is 4.5%. Royal Dutch Shell Plc had an annual average earning growth of 14.6% over the past 10 years. GuruFocus rated Royal Dutch Shell Plc the business predictability rank of 2.5-star.
GuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett and Brian Rogers for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
| Industry | 2009-03-31 | 2009-06-30 |
|---|---|---|
| Technology | 6.3% | 6.5% |
| Financials | 19.7% | 20.9% |
| Utilities | 7.6% | 7.5% |
| Telecommunications | 5.6% | 4.9% |
| Consumer Services | 8.8% | 11.3% |
| Health Care | 8.1% | 7.1% |
| Consumer Goods | 5.6% | 8.5% |
| Industrials | 10.8% | 12.8% |
| Basic Materials | 4.9% | 6.1% |
| Oil & Gas | 12.1% | 14.3% |
Commenting on the sector performances, Rogers said:
The consumer discretionary sector is one of the largest weightings in the portfolio due primarily to our exposure to the media industry. Several of our media companies produce unique content or own attractive assets that we feel are undervalued. In financials, we are focusing on companies with strong balance sheets that we feel are likely to benefit as the economy recovers. We generally view the information technology sector as cyclical since each company can operate at a different stage of individual industry cycles. We are drawn to the companies' strong cash flows and balance sheets.
On the outlook of the equity market, Rogers said he does not forecast short term market movements, instead he prefers “to focus on our primary goal of building wealth through equities over time.”
Here his top holdings as of September 30, 2009:
No. 1: JPMorgan Chase & Co. (JPM, Financial), Weightings: 3.99% - 14,300,800 Shares
JPMorgan Chase & Co. is a leading global financial services firm. JPMorgan Chase & Co. has a market cap of $172.64 billion; its shares were traded at around $43.9 with a P/E ratio of 41.1 and P/S ratio of 2.6. The dividend yield of Jpmorgan Chase & Co. stocks is 0.5%.
No. 2: General Electric Company (GE, Financial), Weightings: 2.73% - 26,136,600 Shares
General Electric is one of the largest and most diversified industrial corporations in the world. General Electric Company has a market cap of $158.66 billion; its shares were traded at around $14.93 with a P/E ratio of 12.3 and P/S ratio of 0.9. The dividend yield of General Electric Company stocks is 2.7%. General Electric Company had an annual average earning growth of 12.7% over the past 10 years. GuruFocus rated General Electric Company the business predictability rank of 3.5-star.
No. 3: Bank of America Corp. (BAC, Financial), Weightings: 2.68% - 24,918,486 Shares
Bank of America Corp. is one of the world's leading financial services companies. Bank Of America Corp. has a market cap of $133.67 billion; its shares were traded at around $15.45 with a P/E ratio of 103 and P/S ratio of 1.8. The dividend yield of Bank Of America Corp. stocks is 0.3%. Bank Of America Corp. had an annual average earning growth of 7.5% over the past 10 years.
No. 4: Chevron Corp. (CVX, Financial), Weightings: 2.65% - 5,917,700 Shares
Chevron is the fifth-largest integrated energy company in the world. Chevron Corp. has a market cap of $153.6 billion; its shares were traded at around $76.59 with a P/E ratio of 10.2 and P/S ratio of 0.6. The dividend yield of Chevron Corp. stocks is 3.5%. Chevron Corp. had an annual average earning growth of 14.5% over the past 10 years. GuruFocus rated Chevron Corp. the business predictability rank of 3.5-star.
No. 5: Exxon Mobil Corp. (XOM, Financial), Weightings: 2.58% - 5,917,700 Shares
Exxon Mobil Corporation's principal business is energy involving exploration for and production of crude oil and natural gas, manufacturing of petroleum products and transportation and sale of crude oil. natural gas and petroleum products. Exxon Mobil Corp. has a market cap of $360 billion; its shares were traded at around $74.91 with a P/E ratio of 12.7 and P/S ratio of 0.7. The dividend yield of Exxon Mobil Corp. stocks is 2.2%. Exxon Mobil Corp. had an annual average earning growth of 16.8% over the past 10 years. GuruFocus rated Exxon Mobil Corp. the business predictability rank of 2.5-star.
No. 6: Royal Dutch Shell plc (RDS-A), Weightings: 2.06% - 5,670,400 Shares
Royal Dutch Petroleum Company owns 60% of the Royal Dutch/Shell Group of companies. These companies are involved in all phases of the petroleum industry from exploration to final processing and delivery. Royal Dutch Shell Plc has a market cap of $192.47 billion; its shares were traded at around $62.76 with a P/E ratio of 10.7 and P/S ratio of 0.4. The dividend yield of Royal Dutch Shell Plc stocks is 4.5%. Royal Dutch Shell Plc had an annual average earning growth of 14.6% over the past 10 years. GuruFocus rated Royal Dutch Shell Plc the business predictability rank of 2.5-star.
GuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett and Brian Rogers for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
