No. 1: BANK OF NY MELLON CP (BK), Add: 0.34% of the portfolio - Total: 22,130,675 Shares
Bank of New York is a bank holding company and one of the world's larger financial institutions. They provide comprehensive financial services to individuals, small and mid-sized businesses, multinational corporations, financial institutions, governments and public agencies worldwide. Their products and services are organized into five business lines: Securities Servicing and Global Payment Services, Private Client Services and Asset Management, Corporate Banking, Global Markets and Retail Banking. Bank Of Ny Mellon Cp has a market cap of $32.19 billion; its shares were traded at around $26.76 with a P/E ratio of 10.4 and P/S ratio of 2.7. The dividend yield of Bank Of Ny Mellon Cp stocks is 1.3%.
Dodge & Cox increased from 12.8 million shares to 22.1 million shares.
No. 2: General Electric Company (GE), Add: 0.44% of the portfolio - Total: 134,040,119 Shares
General Electric is one of the largest and most diversified industrial corporations in the world. GE is engaged in developing, manufacturing and marketing a wide variety of products for the generation, transmission, distribution, control and utilization of electricity. Some of GE's products include major appliances; lighting products; industrial automation products; medical diagnostic imaging equipment; motors; electrical distribution and control equipment; locomotives; power generation and delivery products. General Electric Company has a market cap of $170.99 billion; its shares were traded at around $16.09 with a P/E ratio of 13.3 and P/S ratio of 0.9. The dividend yield of General Electric Company stocks is 2.5%. 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.
Dodge & Cox increased from 112.7 million shares to 134 million shares.
No. 3: Nokia Corp. (NOK), Buy: 0.44% of the portfolio - Total: 23,974,200 Shares
Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed and IP networks. By adding mobility to the Internet Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges. Nokia Corp. has a market cap of $52.17 billion; its shares were traded at around $13.93 with a P/E ratio of 15.2 and P/S ratio of 0.7. The dividend yield of Nokia Corp. stocks is 2.8%. Nokia Corp. had an annual average earning growth of 12.1% over the past 10 years. GuruFocus rated Nokia Corp. the business predictability rank of 4.5-star.
Dodge & Cox increased from 11,000 shares to 24 million shares.
No. 4: Symantec Corp. (SYMC), Add: 0.59% of the portfolio - Total: 29,261,450 Shares
Symantec, a world leader in Internet security technology, provides a broad range of content security solutions to individuals and companies. The company is a leading provider of anti-virus protection, Internet content and e-mail filtering, and mobile code detection technologies to enterprise customers. Symantec Corp. has a market cap of $14.64 billion; its shares were traded at around $17.97 with a P/E ratio of 13.1 and P/S ratio of 2.4. Symantec Corp. had an annual average earning growth of 20.6% over the past 10 years. GuruFocus rated Symantec Corp. the business predictability rank of 3-star.
No. 5: Vodafone Group plc (VOD), Add: 1.52% of the portfolio - Total: 53,456,935 Shares
Vodafone AirTouch Plc is the world's largest international mobile communications firm. Their primary operation is in digital and analog cellular telephone networks of Vodafone. Vodafone Group Plc has a market cap of $120.41 billion; its shares were traded at around $22.9 with and P/S ratio of 1.9. The dividend yield of Vodafone Group Plc stocks is 5.3%.
Dodge & Cox increased from 230K shares to 53.5 million shares.
Money managers in Dodge & Cox apparently also see value in wireless communication service provider (VOD) and equipment provider (NOK).
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About the author:
My name is Ben C. and I am 2nd year MBA candidate at the Anderson School of Business at the University of California- Los Angeles. I have a BS in Economics from the Wharton School of Business at the University of Pennsylvania. Before coming to Anderson I worked as a generalist equity research analyst for Right Wall Capital, a long-short equity hedge fund located in New York City. Prior to working at Right Wall I worked as an analyst at Blue Ram Capital, another long-short equity hedge fund located in Rye Brook, NY. This past summer, I worked for West Coast Asset Management as a research analyst. West Coast, which was co-founded by Kinko’s founder Paul Orfalea, is run by well-known value investors Lance Helfert and Atticus Lowe.