Activist investor Bill Ackman likes to invest in real estate related companies. If the company is not in real estate business, he would try to connect the company’s business to real estate. Not always successful, but he did make big bucks in a few cases. This is the buys and sells of Pershing Square, his hedge fund.
Bill Ackman buys Realogy Corp, Landry's Restaurants Inc., sells McDonald's Corp., EMC Corp. during the 3-months ended 12/31/2009, according to the most recent filings of his investment company, Pershing Square Capital Management, L.P.. Bill Ackman owns 7 stocks with a total value of $1.4 billion. These are the details of the buys and sells.
For the details of Bill Ackman's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Bill+Ackman
This is the sector weightings of his portfolio:
These are the top 5 holdings of Bill Ackman
Corrections Corporation of America Company is the one of nation's largest providers of detention and corrections services to governmental agencies. Corrections Corp. Of America New has a market cap of $2.31 billion; its shares were traded at around $20.04 with a P/E ratio of 15.6 and P/S ratio of 1.4. Corrections Corp. Of America New had an annual average earning growth of 7% over the past 5 years.
Hyatt Hotels Corporation is a global hospitality company that manages, franchises, owns and develops Hyatt branded hotels, resorts and residential and vacation ownership properties around the world. Realogy Corp has a market cap of $1.32 billion; its shares were traded at around $30.25 .
Landry's Seafood Restaurants, Inc. owns and operates full-service, mid-priced, casual dining, seafood restaurants under the restaurant divisional names Joe's Crab Shack, Landry's Seafood House, and The Crab House. Landry's Restaurants Inc. has a market cap of $327.7 million; its shares were traded at around $20.3 with a P/E ratio of 38.3 and P/S ratio of 0.3. Landry's Restaurants Inc. had an annual average earning growth of 18.7% over the past 10 years. GuruFocus rated Landry's Restaurants Inc. the business predictability rank of 4.5-star.
Automatic Data Processing, Inc. is one of the largest providers of computerized transaction processing, data communication, and information services in the world. Automatic Data Processing Inc. has a market cap of $20.92 billion; its shares were traded at around $41.46 with a P/E ratio of 17.2 and P/S ratio of 2.4. The dividend yield of Automatic Data Processing Inc. stocks is 3.3%. Automatic Data Processing Inc. had an annual average earning growth of 4.1% over the past 10 years. GuruFocus rated Automatic Data Processing Inc. the business predictability rank of 4-star.
Target Corporation operates large-format general merchandise and food discount stores in the United States, which include Target and SuperTarget stores. Target Corp. has a market cap of $38.07 billion; its shares were traded at around $50.6 with a P/E ratio of 17.7 and P/S ratio of 0.6. The dividend yield of Target Corp. stocks is 1.4%. Target Corp. had an annual average earning growth of 11.6% over the past 10 years. GuruFocus rated Target Corp. the business predictability rank of 5-star.
McDonald's Corporation develops, operates, franchises and services a worldwide system of restaurants that prepare, assemble, package and sell a limited menu of value-priced foods. Mcdonald's Corp. has a market cap of $69.35 billion; its shares were traded at around $64.26 with a P/E ratio of 16.2 and P/S ratio of 3. The dividend yield of Mcdonald's Corp. stocks is 3.4%. Mcdonald's Corp. had an annual average earning growth of 7.2% over the past 10 years.
EMC Corporation and its subsidiaries design, manufacture, market and support a wide range of hardware and software products and provide services for the storage, management, protection and sharing ofelectronic information. Emc Corp. has a market cap of $35.49 billion; its shares were traded at around $17.4 with a P/E ratio of 26.8 and P/S ratio of 2.5. Emc Corp. had an annual average earning growth of 39.1% over the past 5 years.
Bill Ackman buys Realogy Corp, Landry's Restaurants Inc., sells McDonald's Corp., EMC Corp. during the 3-months ended 12/31/2009, according to the most recent filings of his investment company, Pershing Square Capital Management, L.P.. Bill Ackman owns 7 stocks with a total value of $1.4 billion. These are the details of the buys and sells.
For the details of Bill Ackman's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Bill+Ackman
This is the sector weightings of his portfolio:
These are the top 5 holdings of Bill Ackman
- Target Corp. (TGT) - 20,790,815 shares, 71.17% of the total portfolio
- Corrections Corp. Of America New (CXW) - 10,936,672 shares, 19% of the total portfolio
- REALOGY CORP (H) - 2,766,958 shares, 5.84% of the total portfolio
- Landry's Restaurants Inc. (LNY) - 1,554,255 shares, 2.34% of the total portfolio
- Borders Group Inc. (BGP) - 10,597,980 shares, 0.89% of the total portfolio
Added: Corrections Corp. Of America New (CXW, Financial)
Bill Ackman added to his holdings in Corrections Corp. Of America New by 48.68%. His purchase prices were between $22.71 and $26.2, with an estimated average price of $24.86. The impact to his portfolio due to this purchase was 6.22%. His holdings were 10,936,672 shares as of 12/31/2009.Corrections Corporation of America Company is the one of nation's largest providers of detention and corrections services to governmental agencies. Corrections Corp. Of America New has a market cap of $2.31 billion; its shares were traded at around $20.04 with a P/E ratio of 15.6 and P/S ratio of 1.4. Corrections Corp. Of America New had an annual average earning growth of 7% over the past 5 years.
New Purchase: Realogy Corp (H, Financial)
Bill Ackman initiated holdings in Realogy Corp. His purchase prices were between $27.9 and $30.31, with an estimated average price of $29.25. The impact to his portfolio due to this purchase was 5.84%. His holdings were 2,766,958 shares as of 12/31/2009.Hyatt Hotels Corporation is a global hospitality company that manages, franchises, owns and develops Hyatt branded hotels, resorts and residential and vacation ownership properties around the world. Realogy Corp has a market cap of $1.32 billion; its shares were traded at around $30.25 .
New Purchase: Landry's Restaurants Inc. (LNY, Financial)
Bill Ackman initiated holdings in Landry's Restaurants Inc.. His purchase prices were between $10.28 and $21.79, with an estimated average price of $16.9. The impact to his portfolio due to this purchase was 2.34%. His holdings were 1,554,255 shares as of 12/31/2009.Landry's Seafood Restaurants, Inc. owns and operates full-service, mid-priced, casual dining, seafood restaurants under the restaurant divisional names Joe's Crab Shack, Landry's Seafood House, and The Crab House. Landry's Restaurants Inc. has a market cap of $327.7 million; its shares were traded at around $20.3 with a P/E ratio of 38.3 and P/S ratio of 0.3. Landry's Restaurants Inc. had an annual average earning growth of 18.7% over the past 10 years. GuruFocus rated Landry's Restaurants Inc. the business predictability rank of 4.5-star.
Reduced: Automatic Data Processing Inc. (ADP, Financial)
Bill Ackman reduced to his holdings in Automatic Data Processing Inc. by 98.13%. His sale prices were between $38.78 and $44.24, with an estimated average price of $42.19. The impact to his portfolio due to this sale was -0.34%. Bill Ackman still held 114,482 shares as of 12/31/2009.Automatic Data Processing, Inc. is one of the largest providers of computerized transaction processing, data communication, and information services in the world. Automatic Data Processing Inc. has a market cap of $20.92 billion; its shares were traded at around $41.46 with a P/E ratio of 17.2 and P/S ratio of 2.4. The dividend yield of Automatic Data Processing Inc. stocks is 3.3%. Automatic Data Processing Inc. had an annual average earning growth of 4.1% over the past 10 years. GuruFocus rated Automatic Data Processing Inc. the business predictability rank of 4-star.
Reduced: Target Corp. (TGT, Financial)
Bill Ackman reduced to his holdings in Target Corp. by 20.07%. His sale prices were between $45.3 and $50.49, with an estimated average price of $48.29. The impact to his portfolio due to this sale was -14.28%. Bill Ackman still held 20,790,815 shares as of 12/31/2009.Target Corporation operates large-format general merchandise and food discount stores in the United States, which include Target and SuperTarget stores. Target Corp. has a market cap of $38.07 billion; its shares were traded at around $50.6 with a P/E ratio of 17.7 and P/S ratio of 0.6. The dividend yield of Target Corp. stocks is 1.4%. Target Corp. had an annual average earning growth of 11.6% over the past 10 years. GuruFocus rated Target Corp. the business predictability rank of 5-star.
Sold Out: Mcdonald's Corp. (MCD, Financial)
Bill Ackman sold out his holdings in Mcdonald's Corp.. His sale prices were between $56.61 and $64.53, with an estimated average price of $61.31.McDonald's Corporation develops, operates, franchises and services a worldwide system of restaurants that prepare, assemble, package and sell a limited menu of value-priced foods. Mcdonald's Corp. has a market cap of $69.35 billion; its shares were traded at around $64.26 with a P/E ratio of 16.2 and P/S ratio of 3. The dividend yield of Mcdonald's Corp. stocks is 3.4%. Mcdonald's Corp. had an annual average earning growth of 7.2% over the past 10 years.
Sold Out: Emc Corp. (EMC, Financial)
Bill Ackman sold out his holdings in Emc Corp.. His sale prices were between $16.43 and $18.2, with an estimated average price of $17.09.EMC Corporation and its subsidiaries design, manufacture, market and support a wide range of hardware and software products and provide services for the storage, management, protection and sharing ofelectronic information. Emc Corp. has a market cap of $35.49 billion; its shares were traded at around $17.4 with a P/E ratio of 26.8 and P/S ratio of 2.5. Emc Corp. had an annual average earning growth of 39.1% over the past 5 years.
