Brian Rogers Buys Yahoo! Inc., Procter & Gamble Co., Legg Mason Inc., Adds Us Bancorp, Sells Dr Horton Inc., Eaton Corp.

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Jul 19, 2007
Brian Rogers, Chairman and Chief Investment Officer of T. Rowe Price, manages T Rowe Price Equity Income Fund. He invests in common stocks of established firms that are expected to pay above-average dividends and appear to be out of favor or undervalued. This is the update of his buys and sells during the second quarter of 2007. Brian Rogers owns 130 stocks with a total value of $25.5 billion.


Brian Rogers buys Yahoo! Inc., Procter & Gamble Co., Legg Mason Inc., Dr. Reddy's Laboratories Ltd., Brown-forman Corp. Cl B, Southwest Airlines Co., Genworth Financial Inc., Gap Inc., Usg Corp., Capital One Financial Corp., Ameren Corp., Royal Bank Of Canada, Citadel Broadcasting Corp., sells Tyco Electronics, Dr Horton Inc., Eaton Corp., Medimmune Inc., Morgan Stanley, Radioshack Corp., Sara Lee Corp. during the 3-months ended 06/30/2007, according to the most recent filings of his investment company, T Rowe Price Equity Income Fund. Brian Rogers owns 130 stocks with a total value of $25.5 billion. These are the details of the buys and sells.





New Purchases: AEE, BF-B, CDL, COF, GNW, GPS, LM, LUV, PG, RDY, RY, USG, YHOO,


Added Positions: AMGN, BBBY, GCI, HSY, KFT, USB,


Reduced Positions: AT, CEM, HON, IBM, NSC, PLL, TRB,


Sold Out: DHI, ETN, MS, RSH, SLE, TYC,





Added: US Bancorp (de) (USB, Financial)


Brian Rogers added to his holdings in Banks company US Bancorp (de) by 68.42%. His purchase prices were between $33.02 and $34.36, with an estimated average price of $33.9. The impact to his portfolio due to this purchase was 0.42%. His holdings were 8,000,000 shares as of 06/30/2007. Shares of US Bancorp (de) were traded at around $32.48.


Added: Gannett Co. Inc. (GCI, Financial)


Brian Rogers added to his holdings in Publishing company Gannett Co. Inc. by 87.5%. His purchase prices were between $54.12 and $59.43, with an estimated average price of $57.3. The impact to his portfolio due to this purchase was 0.38%. His holdings were 3,750,000 shares as of 06/30/2007. Shares of Gannett Co. Inc. were traded at around $53.49.


Added: Kraft Foods Inc. (KFT, Financial)


Brian Rogers added to his holdings in Food Products company Kraft Foods Inc. by 63.64%. His purchase prices were between $31.36 and $36, with an estimated average price of $33.6. The impact to his portfolio due to this purchase was 0.24%. His holdings were 4,500,000 shares as of 06/30/2007. Shares of Kraft Foods Inc. were traded at around $35.7.


Added: Amgen Inc. (AMGN, Financial)


Brian Rogers added to his holdings in Biotechnology company Amgen Inc. by 33.33%. His purchase prices were between $54.04 and $63.74, with an estimated average price of $58.1. The impact to his portfolio due to this purchase was 0.22%. His holdings were 4,000,000 shares as of 06/30/2007. Shares of Amgen Inc. were traded at around $55.8.


Added: Bed Bath & Beyond Inc. (BBBY, Financial)


Brian Rogers added to his holdings in Specialty Retailers company Bed Bath & Beyond Inc. by 30.77%. His purchase prices were between $36.09 and $41.65, with an estimated average price of $39.8. The impact to his portfolio due to this purchase was 0.14%. His holdings were 4,250,000 shares as of 06/30/2007. Shares of Bed Bath & Beyond Inc. were traded at around $35.99.


Added: Hershey Co. (HSY, Financial)


Brian Rogers added to his holdings in Food Products company Hershey Co. by 33.33%. His purchase prices were between $50.12 and $55.93, with an estimated average price of $52.9. The impact to his portfolio due to this purchase was 0.05%. His holdings were 1,000,000 shares as of 06/30/2007. Shares of Hershey Co. were traded at around $49.94.


New Purchase: Yahoo! Inc. (YHOO, Financial)


Brian Rogers initiated holdings in Internet company Yahoo! Inc.. His purchase prices were between $27.25 and $31.96, with an estimated average price of $29. The impact to his portfolio due to this purchase was 0.72%. His holdings were 6,750,000 shares as of 06/30/2007. Shares of Yahoo! Inc. were traded at around $26.2.


New Purchase: Procter & Gamble Co. (PG, Financial)


Brian Rogers initiated holdings in Nondurable Household Products company Procter & Gamble Co.. His purchase prices were between $61.03 and $63.48, with an estimated average price of $62.6. The impact to his portfolio due to this purchase was 0.6%. His holdings were 2,500,000 shares as of 06/30/2007. Shares of Procter & Gamble Co. were traded at around $62.59.


New Purchase: Legg Mason Inc. (LM, Financial)


Brian Rogers initiated holdings in Investment Services company Legg Mason Inc.. His purchase prices were between $95.25 and $105, with an estimated average price of $99.3. The impact to his portfolio due to this purchase was 0.39%. His holdings were 1,000,000 shares as of 06/30/2007. Shares of Legg Mason Inc. were traded at around $100.24.


New Purchase: Dr. Reddy's Laboratories Ltd. (RDY, Financial)


Brian Rogers initiated holdings in Pharmaceuticals company Dr. Reddy's Laboratories Ltd.. His purchase prices were between $15.25 and $17.25, with an estimated average price of $16.3. The impact to his portfolio due to this purchase was 0.33%. His holdings were 4,250,000 shares as of 06/30/2007. Shares of Dr. Reddy's Laboratories Ltd. were traded at around $16.25.


New Purchase: Brown-forman Corp. Cl B (BF-B)


Brian Rogers initiated holdings in Brewers company Brown-forman Corp. Cl B. His purchase prices were between $63.26 and $72.97, with an estimated average price of $67.1. The impact to his portfolio due to this purchase was 0.29%. His holdings were 1,000,000 shares as of 06/30/2007. Shares of Brown-forman Corp. Cl B were traded at around $71.34.


New Purchase: Southwest Airlines Co. (LUV, Financial)


Brian Rogers initiated holdings in Airlines company Southwest Airlines Co.. His purchase prices were between $14.26 and $15.15, with an estimated average price of $14.7. The impact to his portfolio due to this purchase was 0.29%. His holdings were 5,000,000 shares as of 06/30/2007. Shares of Southwest Airlines Co. were traded at around $15.72.


New Purchase: Genworth Financial Inc. (GNW)


Brian Rogers initiated holdings in Full Line Insurance company Genworth Financial Inc.. His purchase prices were between $34.89 and $36.27, with an estimated average price of $35.5. The impact to his portfolio due to this purchase was 0.24%. His holdings were 1,750,000 shares as of 06/30/2007. Shares of Genworth Financial Inc. were traded at around $33.99.


New Purchase: Gap Inc. (GPS)


Brian Rogers initiated holdings in Apparel Retailers company Gap Inc.. His purchase prices were between $17.57 and $19.26, with an estimated average price of $18.5. The impact to his portfolio due to this purchase was 0.21%. His holdings were 2,750,000 shares as of 06/30/2007. Shares of Gap Inc. were traded at around $18.57.


New Purchase: Usg Corp. (USG)


Brian Rogers initiated holdings in Building Materials & Fixtures company Usg Corp.. His purchase prices were between $46.62 and $51.73, with an estimated average price of $48.8. The impact to his portfolio due to this purchase was 0.21%. His holdings were 1,100,000 shares as of 06/30/2007. Shares of Usg Corp. were traded at around $47.4.


New Purchase: Capital One Financial Corp. (COF)


Brian Rogers initiated holdings in Consumer Finance company Capital One Financial Corp.. His purchase prices were between $72.77 and $80.75, with an estimated average price of $77.3. The impact to his portfolio due to this purchase was 0.15%. His holdings were 500,000 shares as of 06/30/2007. Shares of Capital One Financial Corp. were traded at around $76.38.


New Purchase: Ameren Corp. (AEE)


Brian Rogers initiated holdings in Electricity company Ameren Corp.. His purchase prices were between $48.5 and $53.78, with an estimated average price of $50.9. The impact to his portfolio due to this purchase was 0.14%. His holdings were 750,000 shares as of 06/30/2007. Shares of Ameren Corp. were traded at around $51.82.


New Purchase: Royal Bank Of Canada (RY)


Brian Rogers initiated holdings in Banks company Royal Bank Of Canada. His purchase prices were between $50.7 and $55.11, with an estimated average price of $53.1. The impact to his portfolio due to this purchase was 0.1%. His holdings were 2,000,000 shares as of 06/30/2007. Shares of Royal Bank Of Canada were traded at around $55.49.


New Purchase: Citadel Broadcasting Corp. (CDL)


Brian Rogers initiated holdings in Broadcasting & Entertainment company Citadel Broadcasting Corp.. His purchase prices were between $6.15 and $9.81, with an estimated average price of $8.3. The impact to his portfolio due to this purchase was 0.01%. His holdings were 480,359 shares as of 06/30/2007. Shares of Citadel Broadcasting Corp. were traded at around $6.14.


Reduced: Honeywell International Inc. (HON)


Brian Rogers reduced to his holdings in Diversified Industrials company Honeywell International Inc. by 25%. His sale prices were between $46.83 and $58.87, with an estimated average price of $55.1. The impact to his portfolio due to this sale was 0.66%. Brian Rogers still held 3,750,000 shares as of 06/30/2007. Shares of Honeywell International Inc. were traded at around $60.54.


Reduced: Alltel Corp. (AT)


Brian Rogers reduced to his holdings in Mobile Telecom company Alltel Corp. by 33.32%. His sale prices were between $61.64 and $68.72, with an estimated average price of $65.5. The impact to his portfolio due to this sale was 0.42%. Brian Rogers still held 2,119,700 shares as of 06/30/2007. Shares of Alltel Corp. were traded at around $67.42.


Reduced: Tribune Co. (TRB)


Brian Rogers reduced to his holdings in Publishing company Tribune Co. by 57.71%. His sale prices were between $29.4 and $33.05, with an estimated average price of $31.9. The impact to his portfolio due to this sale was 0.28%. Brian Rogers still held 3,805,973 shares as of 06/30/2007. Shares of Tribune Co. were traded at around $29.83.


Reduced: Pall Corp. (PLL)


Brian Rogers reduced to his holdings in Electronic Equipment company Pall Corp. by 46.85%. His sale prices were between $38.24 and $47, with an estimated average price of $43.1. The impact to his portfolio due to this sale was 0.25%. Brian Rogers still held 1,993,238 shares as of 06/30/2007. Shares of Pall Corp. were traded at around $48.62.


Reduced: International Business Machine (IBM)


Brian Rogers reduced to his holdings in Computer Services company International Business Machine by 58.14%. His sale prices were between $94.21 and $107.99, with an estimated average price of $102.5. The impact to his portfolio due to this sale was 0.23%. Brian Rogers still held 900,000 shares as of 06/30/2007. Shares of International Business Machine were traded at around $111.08.


Reduced: Norfolk Southern Corp. (NSC)


Brian Rogers reduced to his holdings in Railroads company Norfolk Southern Corp. by 48.57%. His sale prices were between $50.77 and $58.64, with an estimated average price of $55. The impact to his portfolio due to this sale was 0.13%. Brian Rogers still held 900,000 shares as of 06/30/2007. Shares of Norfolk Southern Corp. were traded at around $58.15.


Reduced: Chemtura Corporation (CEM)


Brian Rogers reduced to his holdings in Commodity Chemicals company Chemtura Corporation by 85.34%. His sale prices were between $10.17 and $11.7, with an estimated average price of $11. The impact to his portfolio due to this sale was 0.02%. Brian Rogers still held 600,000 shares as of 06/30/2007. Shares of Chemtura Corporation were traded at around $11.36.


Sold Out: Dr Horton Inc. (DHI)


Brian Rogers sold out his holdings in Home Construction company Dr Horton Inc.. His sale prices were between $20.19 and $23.53, with an estimated average price of $22.1. The impact to his portfolio due to this sale was less than 0.01%. Shares of Dr Horton Inc. were traded at around $19.2.


Sold Out: Tyco Electronics (TYC)


Brian Rogers sold out his holdings in Diversified Industrials company Tyco Electronics. His sale prices were between $108.72 and $116.42, with an estimated average price of $112.1. The impact to his portfolio due to this sale was less than 0.01%. Shares of Tyco Electronics were traded at around $49.65.


Sold Out: Sara Lee Corp. (SLE)


Brian Rogers sold out his holdings in Food Products company Sara Lee Corp.. His sale prices were between $16.47 and $18.02, with an estimated average price of $17.2. The impact to his portfolio due to this sale was less than 0.01%. Shares of Sara Lee Corp. were traded at around $17.06.


Sold Out: Radioshack Corp. (RSH)


Brian Rogers sold out his holdings in Specialty Retailers company Radioshack Corp.. His sale prices were between $27.61 and $34.32, with an estimated average price of $31. The impact to his portfolio due to this sale was less than 0.01%. Shares of Radioshack Corp. were traded at around $29.99.


Sold Out: Eaton Corp. (ETN)


Brian Rogers sold out his holdings in Diversified Industrials company Eaton Corp.. His sale prices were between $84.76 and $94.12, with an estimated average price of $90.4. The impact to his portfolio due to this sale was less than 0.01%. Shares of Eaton Corp. were traded at around $102.23.


Sold Out: Morgan Stanley (MS)


Brian Rogers sold out his holdings in Medical Supplies company Morgan Stanley. His sale prices were between $66.15 and $73.17, with an estimated average price of $70. The impact to his portfolio due to this sale was less than 0.01%. Shares of Morgan Stanley were traded at around $70.85.