Steven Romick is the mutual fund manger that has both long and short positions in his fund. Although he likes the market appreciation over the past year, but he does not like the market valuations, where he cannot find ideas. This is his buys and sells in the first quarter.
Historically, FPA Crescent Fund has participated in 73% of the upside, but just 51% of the downside. This is one of the reasons his fund has averaged more than 11.5% over the past 10 years when the market is negative.
Steven Romick’s shareholder letters provide great insight. We strongly recommend you to read it.
Steven Romick buys Occidental Petroleum Corp., Apache Corp., sells Conocophillips during the 3-months ended 03/31/2010, according to the most recent filings of his investment company, FPA Crescent Fund. Steven Romick owns 74 stocks with a total value of $1.2 billion. He also covered some short positions he had. These are the details of the buys and sells.
This is the sector weightings of his portfolio:
These are the top 5 holdings of Steven Romick
Vodafone AirTouch Plc is the world's largest international mobile communications firm. Vodafone Group Plc has a market cap of $100.21 billion; its shares were traded at around $19.05 with and P/S ratio of 1.6. The dividend yield of Vodafone Group Plc stocks is 6.68%.
Aon Corporation is a holding company whose operating subsidiaries carry onbusiness in three distinct segments: insurance brokerage and other services; consulting; and insurance underwriting. Aon has a market cap of $10.58 billion; its shares were traded at around $39.64 with a P/E ratio of 12.39 and P/S ratio of 1.39. The dividend yield of Aon stocks is 1.51%. Aon had an annual average earning growth of 3.9% over the past 10 years.
Ensco International plc, formerly ENSCO International Incorporated, is a provider of offshore contract drilling services to the international oil and gas industry. Ensco International Inc. has a market cap of $5.52 billion; its shares were traded at around $38.76 with a P/E ratio of 7.77 and P/S ratio of 2.84. The dividend yield of Ensco International Inc. stocks is 0.26%. Ensco International Inc. had an annual average earning growth of 23.9% over the past 10 years. GuruFocus rated Ensco International Inc. the business predictability rank of 3.5-star.
Abbott Laboratories is a global, broad-based health care company devoted to discovering new medicines, new technologies and new ways to manage health. Abbott Laboratories has a market cap of $72.88 billion; its shares were traded at around $46.94 with a P/E ratio of 12.32 and P/S ratio of 2.37. The dividend yield of Abbott Laboratories stocks is 3.75%. Abbott Laboratories had an annual average earning growth of 7.3% over the past 10 years. GuruFocus rated Abbott Laboratories the business predictability rank of 4.5-star.
Pfizer Inc is a research-based, global pharmaceutical company that discovers and develops innovative, value-added products that improve the quality of life of people around the world and help them enjoy longer, healthier, and more productive lives. Pfizer Inc has a market cap of $124.25 billion; its shares were traded at around $15.4 with a P/E ratio of 7.4 and P/S ratio of 2.48. The dividend yield of Pfizer Inc stocks is 4.68%. Pfizer Inc had an annual average earning growth of 1.8% over the past 10 years.
Assurant Inc is a premier provider of specialized insurance products and related services in North America and selected other international markets. Assurant Inc. has a market cap of $4 billion; its shares were traded at around $34.3 with a P/E ratio of 7.8 and P/S ratio of 0.46. The dividend yield of Assurant Inc. stocks is 1.87%. Assurant Inc. had an annual average earning growth of 7.7% over the past 5 years.
Covidien PLC, formerly Covidien Ltd, is engaged in the development, manufacture and sale of healthcare products for use in clinical and home settings. Covidien Ltd. has a market cap of $20.67 billion; its shares were traded at around $41.33 with a P/E ratio of 12.92 and P/S ratio of 1.94. The dividend yield of Covidien Ltd. stocks is 1.74%.
Transatlantic Holdings, through its wholly-owned subsidiaries, Transatlantic Reinsurance Company, Trans Re Zurich, and Putnam, offers reinsurance capacity for a full range of property and casualty products on a treaty and facultative basis, directly and through brokers, to insurance and reinsurance companies, in both the domestic and international markets. Transatlantic Holdings Inc. has a market cap of $3.06 billion; its shares were traded at around $46.2 with a P/E ratio of 7.25 and P/S ratio of 0.69. The dividend yield of Transatlantic Holdings Inc. stocks is 1.73%.
Omnicare, Inc., a Fortune five hundred company based in Covington, Kentucky, is a provider of pharmaceutical care for the elderly. Omnicare Inc. has a market cap of $2.97 billion; its shares were traded at around $24.7 with a P/E ratio of 9.18 and P/S ratio of 0.48. The dividend yield of Omnicare Inc. stocks is 0.36%. Omnicare Inc. had an annual average earning growth of 7.8% over the past 10 years.
PETSMART, INC. is a operator of superstores specializing in pet food, supplies and services in the United States. Petsmart Inc. has a market cap of $3.9 billion; its shares were traded at around $32.36 with a P/E ratio of 19.15 and P/S ratio of 0.73. The dividend yield of Petsmart Inc. stocks is 1.24%. Petsmart Inc. had an annual average earning growth of 26.9% over the past 10 years. GuruFocus rated Petsmart Inc. the business predictability rank of 2.5-star.
Wal-Mart Stores, Inc. is the world's largest retailer. Walmart Stores Inc. has a market cap of $192.7 billion; its shares were traded at around $51.37 with a P/E ratio of 13.63 and P/S ratio of 0.47. The dividend yield of Walmart Stores Inc. stocks is 2.36%. Walmart Stores Inc. had an annual average earning growth of 11.1% over the past 10 years. GuruFocus rated Walmart Stores Inc. the business predictability rank of 5-star.
Tesoro was founded in 1968 as a company primarily engaged in petroleum exploration and production. Tesoro Corp. has a market cap of $1.67 billion; its shares were traded at around $11.86 with and P/S ratio of 0.1. Tesoro Corp. had an annual average earning growth of 11.8% over the past 10 years.
SCP Pool Corporation distributes swimming pool supplies and related products to swimming pool remodelers and builders, independent retail stores and swimming pool repair and service companies. Pool Corp. has a market cap of $1.19 billion; its shares were traded at around $24.13 with a P/E ratio of 25.4 and P/S ratio of 0.77. The dividend yield of Pool Corp. stocks is 2.15%. Pool Corp. had an annual average earning growth of 10.9% over the past 10 years.
Verizon Communications, formed by the merger of Bell Atlantic and GTE, is one of the world's providers of high-growth communications services. Verizon Communications Inc. has a market cap of $79.41 billion; its shares were traded at around $27.96 with a P/E ratio of 12 and P/S ratio of 0.74. The dividend yield of Verizon Communications Inc. stocks is 6.8%. Verizon Communications Inc. had an annual average earning growth of 2.3% over the past 10 years.
Occidental Petroleum Corp. explores for, develops, produces and markets crude oil and natural gas and manufactures and markets a variety of basic chemicals, including chlorine, caustic soda, and ethylene dichloride, as well as specialty chemicals and vinyls, including polyvinyl chloride resins and vinyl chloride monomer. Occidental Petroleum Corp. has a market cap of $64.49 billion; its shares were traded at around $79.41 with a P/E ratio of 17.26 and P/S ratio of 4.19. The dividend yield of Occidental Petroleum Corp. stocks is 1.66%. Occidental Petroleum Corp. had an annual average earning growth of 13.6% over the past 10 years.
Apache Corporation is an independent energy company that explores for, develops and produces natural gas, crude oil and natural gas liquids. Apache Corp. has a market cap of $30.15 billion; its shares were traded at around $89.58 with a P/E ratio of 12.89 and P/S ratio of 3.5. The dividend yield of Apache Corp. stocks is 0.67%. Apache Corp. had an annual average earning growth of 16.6% over the past 10 years. GuruFocus rated Apache Corp. the business predictability rank of 3-star.
West Marine, Inc. is the largest specialty retailer of recreational and commercial boating supplies and apparel in the United States. West Marine Inc. has a market cap of $239.6 million; its shares were traded at around $10.72 with a P/E ratio of 11.91 and P/S ratio of 0.41.
The Principal Financial Group is a provider of retirement savings, investment and insurance products and services. Principal Financial Group Inc. has a market cap of $8.37 billion; its shares were traded at around $26.2 with a P/E ratio of 9.23 and P/S ratio of 0.95. The dividend yield of Principal Financial Group Inc. stocks is 1.91%. Principal Financial Group Inc. had an annual average earning growth of 3.9% over the past 10 years.
BJS Warehouse offers an assortment of brand name food and generalmerchandise items within a wide range of product categories. Bj's Wholesale Club Inc. has a market cap of $2.06 billion; its shares were traded at around $38.41 with a P/E ratio of 15.18 and P/S ratio of 0.2. Bj's Wholesale Club Inc. had an annual average earning growth of 2.4% over the past 10 years.
Coach Inc. is a designer, producer and marketer of high-quality, modern, American classic accessories that complement the diverse lifestyles of discerning women and men. Coach Inc. has a market cap of $12.07 billion; its shares were traded at around $38.43 with a P/E ratio of 18.21 and P/S ratio of 3.74. The dividend yield of Coach Inc. stocks is 0.78%. Coach Inc. had an annual average earning growth of 37.2% over the past 10 years.
Granite Construction, Inc. is a diversified heavy civil constractor and construction materials producer. Granite Construction Inc. has a market cap of $1.22 billion; its shares were traded at around $31.29 with a P/E ratio of 40.12 and P/S ratio of 0.62. The dividend yield of Granite Construction Inc. stocks is 1.66%. Granite Construction Inc. had an annual average earning growth of 11.7% over the past 10 years.
Lowe's Companies Inc. is a retailer of home improvement products in the world, with specific emphasis on retail do-it-yourself and commercial business customers. Lowe's Companies Inc. has a market cap of $34.93 billion; its shares were traded at around $24.2 with a P/E ratio of 19.36 and P/S ratio of 0.74. The dividend yield of Lowe's Companies Inc. stocks is 1.49%. Lowe's Companies Inc. had an annual average earning growth of 11.8% over the past 10 years.
Health Net, Inc. is an integrated managed care organization which administers the delivery of managed health care services. Health Net Inc. has a market cap of $2.34 billion; its shares were traded at around $23.37 with a P/E ratio of 10.03 and P/S ratio of 0.15.
Chevron is the fifth-largest integrated energy company in the world. Chevron Corp. has a market cap of $149.58 billion; its shares were traded at around $74.48 with a P/E ratio of 11.49 and P/S ratio of 0.87. The dividend yield of Chevron Corp. stocks is 3.87%. Chevron Corp. had an annual average earning growth of 11.5% over the past 10 years. GuruFocus rated Chevron Corp. the business predictability rank of 3-star.
ConocoPhillips is a major international integrated energy company with operations in some 49 countries. Conocophillips has a market cap of $76.53 billion; its shares were traded at around $51.47 with a P/E ratio of 11.44 and P/S ratio of 0.5. The dividend yield of Conocophillips stocks is 4.27%. Conocophillips had an annual average earning growth of 18.2% over the past 10 years.
Historically, FPA Crescent Fund has participated in 73% of the upside, but just 51% of the downside. This is one of the reasons his fund has averaged more than 11.5% over the past 10 years when the market is negative.
Steven Romick’s shareholder letters provide great insight. We strongly recommend you to read it.
Steven Romick buys Occidental Petroleum Corp., Apache Corp., sells Conocophillips during the 3-months ended 03/31/2010, according to the most recent filings of his investment company, FPA Crescent Fund. Steven Romick owns 74 stocks with a total value of $1.2 billion. He also covered some short positions he had. These are the details of the buys and sells.
- New Purchases: APA, OXY,
- Added Positions: ABT, AIZ, AON, COV, ESV, OCR, PETM, PFE, POOL, TRH, TSO, VOD, VZ, WMT,
- Reduced Positions: CVX, GVA, HNT, LOW,
- Sold Out: COP,
This is the sector weightings of his portfolio:
| Health Care | 15.6% |
| Oil & Gas | 13.8% |
| Consumer Services | 5.3% |
| Telecommunications | 3.2% |
| Financials | 2.9% |
| Industrials | 2.4% |
| Consumer Goods | 1.5% |
These are the top 5 holdings of Steven Romick
- ENSCO International Inc. (ESV) - 3,050,000 shares, 8.75% of the total portfolio. Shares added by 20.02%
- Covidien Ltd. (COV) - 1,925,000 shares, 6.2% of the total portfolio. Shares added by 8.45%
- Aon (AON) - 1,925,000 shares, 5.26% of the total portfolio. Shares added by 42.73%
- Vodafone Group Plc (VOD) - 3,100,000 shares, 4.62% of the total portfolio. Shares added by 80.44%
- PETsMART Inc. (PETM) - 2,150,000 shares, 4.4% of the total portfolio. Shares added by 6.44%
Added: Vodafone Group Plc (VOD, Financial)
Steven Romick added to his holdings in Vodafone Group Plc by 80.44%. His purchase prices were between $21.46 and $23.19, with an estimated average price of $22.27. The impact to his portfolio due to this purchase was 2.06%. His holdings were 3,100,000 shares as of 03/31/2010.Vodafone AirTouch Plc is the world's largest international mobile communications firm. Vodafone Group Plc has a market cap of $100.21 billion; its shares were traded at around $19.05 with and P/S ratio of 1.6. The dividend yield of Vodafone Group Plc stocks is 6.68%.
Added: Aon (AON, Financial)
Steven Romick added to his holdings in Aon by 42.73%. His purchase prices were between $37.56 and $42.9, with an estimated average price of $40.06. The impact to his portfolio due to this purchase was 1.57%. His holdings were 1,925,000 shares as of 03/31/2010.Aon Corporation is a holding company whose operating subsidiaries carry onbusiness in three distinct segments: insurance brokerage and other services; consulting; and insurance underwriting. Aon has a market cap of $10.58 billion; its shares were traded at around $39.64 with a P/E ratio of 12.39 and P/S ratio of 1.39. The dividend yield of Aon stocks is 1.51%. Aon had an annual average earning growth of 3.9% over the past 10 years.
Added: Ensco International Inc. (ESV, Financial)
Steven Romick added to his holdings in Ensco International Inc. by 20.02%. His purchase prices were between $38.37 and $46.6, with an estimated average price of $42.94. The impact to his portfolio due to this purchase was 1.46%. His holdings were 3,050,000 shares as of 03/31/2010.Ensco International plc, formerly ENSCO International Incorporated, is a provider of offshore contract drilling services to the international oil and gas industry. Ensco International Inc. has a market cap of $5.52 billion; its shares were traded at around $38.76 with a P/E ratio of 7.77 and P/S ratio of 2.84. The dividend yield of Ensco International Inc. stocks is 0.26%. Ensco International Inc. had an annual average earning growth of 23.9% over the past 10 years. GuruFocus rated Ensco International Inc. the business predictability rank of 3.5-star.
Added: Abbott Laboratories (ABT, Financial)
Steven Romick added to his holdings in Abbott Laboratories by 83%. His purchase prices were between $52.51 and $56.24, with an estimated average price of $54.33. The impact to his portfolio due to this purchase was 1.4%. His holdings were 915,000 shares as of 03/31/2010.Abbott Laboratories is a global, broad-based health care company devoted to discovering new medicines, new technologies and new ways to manage health. Abbott Laboratories has a market cap of $72.88 billion; its shares were traded at around $46.94 with a P/E ratio of 12.32 and P/S ratio of 2.37. The dividend yield of Abbott Laboratories stocks is 3.75%. Abbott Laboratories had an annual average earning growth of 7.3% over the past 10 years. GuruFocus rated Abbott Laboratories the business predictability rank of 4.5-star.
Added: Pfizer Inc (PFE, Financial)
Steven Romick added to his holdings in Pfizer Inc by 41.04%. His purchase prices were between $16.91 and $20, with an estimated average price of $18.07. The impact to his portfolio due to this purchase was 0.78%. His holdings were 2,450,000 shares as of 03/31/2010.Pfizer Inc is a research-based, global pharmaceutical company that discovers and develops innovative, value-added products that improve the quality of life of people around the world and help them enjoy longer, healthier, and more productive lives. Pfizer Inc has a market cap of $124.25 billion; its shares were traded at around $15.4 with a P/E ratio of 7.4 and P/S ratio of 2.48. The dividend yield of Pfizer Inc stocks is 4.68%. Pfizer Inc had an annual average earning growth of 1.8% over the past 10 years.
Added: Assurant Inc. (AIZ, Financial)
Steven Romick added to his holdings in Assurant Inc. by 33.12%. His purchase prices were between $29.48 and $34.37, with an estimated average price of $31.58. The impact to his portfolio due to this purchase was 0.56%. His holdings were 1,025,000 shares as of 03/31/2010.Assurant Inc is a premier provider of specialized insurance products and related services in North America and selected other international markets. Assurant Inc. has a market cap of $4 billion; its shares were traded at around $34.3 with a P/E ratio of 7.8 and P/S ratio of 0.46. The dividend yield of Assurant Inc. stocks is 1.87%. Assurant Inc. had an annual average earning growth of 7.7% over the past 5 years.
Added: Covidien Ltd. (COV, Financial)
Steven Romick added to his holdings in Covidien Ltd. by 8.45%. His purchase prices were between $47.73 and $51.62, with an estimated average price of $49.99. The impact to his portfolio due to this purchase was 0.48%. His holdings were 1,925,000 shares as of 03/31/2010.Covidien PLC, formerly Covidien Ltd, is engaged in the development, manufacture and sale of healthcare products for use in clinical and home settings. Covidien Ltd. has a market cap of $20.67 billion; its shares were traded at around $41.33 with a P/E ratio of 12.92 and P/S ratio of 1.94. The dividend yield of Covidien Ltd. stocks is 1.74%.
Added: Transatlantic Holdings Inc. (TRH, Financial)
Steven Romick added to his holdings in Transatlantic Holdings Inc. by 22.93%. His purchase prices were between $47.56 and $53.76, with an estimated average price of $50.97. The impact to his portfolio due to this purchase was 0.46%. His holdings were 735,000 shares as of 03/31/2010.Transatlantic Holdings, through its wholly-owned subsidiaries, Transatlantic Reinsurance Company, Trans Re Zurich, and Putnam, offers reinsurance capacity for a full range of property and casualty products on a treaty and facultative basis, directly and through brokers, to insurance and reinsurance companies, in both the domestic and international markets. Transatlantic Holdings Inc. has a market cap of $3.06 billion; its shares were traded at around $46.2 with a P/E ratio of 7.25 and P/S ratio of 0.69. The dividend yield of Transatlantic Holdings Inc. stocks is 1.73%.
Added: Omnicare Inc. (OCR, Financial)
Steven Romick added to his holdings in Omnicare Inc. by 7.98%. His purchase prices were between $24.18 and $29.29, with an estimated average price of $26.52. The impact to his portfolio due to this purchase was 0.28%. His holdings were 2,100,000 shares as of 03/31/2010.Omnicare, Inc., a Fortune five hundred company based in Covington, Kentucky, is a provider of pharmaceutical care for the elderly. Omnicare Inc. has a market cap of $2.97 billion; its shares were traded at around $24.7 with a P/E ratio of 9.18 and P/S ratio of 0.48. The dividend yield of Omnicare Inc. stocks is 0.36%. Omnicare Inc. had an annual average earning growth of 7.8% over the past 10 years.
Added: Petsmart Inc. (PETM, Financial)
Steven Romick added to his holdings in Petsmart Inc. by 6.44%. His purchase prices were between $25.35 and $31.95, with an estimated average price of $28.03. The impact to his portfolio due to this purchase was 0.27%. His holdings were 2,150,000 shares as of 03/31/2010.PETSMART, INC. is a operator of superstores specializing in pet food, supplies and services in the United States. Petsmart Inc. has a market cap of $3.9 billion; its shares were traded at around $32.36 with a P/E ratio of 19.15 and P/S ratio of 0.73. The dividend yield of Petsmart Inc. stocks is 1.24%. Petsmart Inc. had an annual average earning growth of 26.9% over the past 10 years. GuruFocus rated Petsmart Inc. the business predictability rank of 2.5-star.
Added: Walmart Stores Inc. (WMT, Financial)
Steven Romick added to his holdings in Walmart Stores Inc. by 14.29%. His purchase prices were between $52.61 and $55.99, with an estimated average price of $54.07. The impact to his portfolio due to this purchase was 0.27%. His holdings were 600,000 shares as of 03/31/2010.Wal-Mart Stores, Inc. is the world's largest retailer. Walmart Stores Inc. has a market cap of $192.7 billion; its shares were traded at around $51.37 with a P/E ratio of 13.63 and P/S ratio of 0.47. The dividend yield of Walmart Stores Inc. stocks is 2.36%. Walmart Stores Inc. had an annual average earning growth of 11.1% over the past 10 years. GuruFocus rated Walmart Stores Inc. the business predictability rank of 5-star.
Added: Tesoro Corp. (TSO, Financial)
Steven Romick added to his holdings in Tesoro Corp. by 47.73%. His purchase prices were between $11.7 and $15.05, with an estimated average price of $13.17. The impact to his portfolio due to this purchase was -0.09%. His holdings were -325,000 shares as of 03/31/2010.Tesoro was founded in 1968 as a company primarily engaged in petroleum exploration and production. Tesoro Corp. has a market cap of $1.67 billion; its shares were traded at around $11.86 with and P/S ratio of 0.1. Tesoro Corp. had an annual average earning growth of 11.8% over the past 10 years.
Added: Pool Corp. (POOL)
Steven Romick added to his holdings in Pool Corp. by -9999%. His purchase prices were between $18.36 and $23.68, with an estimated average price of $20.43. The impact to his portfolio due to this purchase was -0.21%. His holdings were -143,000 shares as of 03/31/2010.SCP Pool Corporation distributes swimming pool supplies and related products to swimming pool remodelers and builders, independent retail stores and swimming pool repair and service companies. Pool Corp. has a market cap of $1.19 billion; its shares were traded at around $24.13 with a P/E ratio of 25.4 and P/S ratio of 0.77. The dividend yield of Pool Corp. stocks is 2.15%. Pool Corp. had an annual average earning growth of 10.9% over the past 10 years.
Added: Verizon Communications Inc. (VZ)
Steven Romick added to his holdings in Verizon Communications Inc. by 57.69%. His purchase prices were between $28.37 and $33.42, with an estimated average price of $30.15. The impact to his portfolio due to this purchase was -0.53%. His holdings were -735,000 shares as of 03/31/2010.Verizon Communications, formed by the merger of Bell Atlantic and GTE, is one of the world's providers of high-growth communications services. Verizon Communications Inc. has a market cap of $79.41 billion; its shares were traded at around $27.96 with a P/E ratio of 12 and P/S ratio of 0.74. The dividend yield of Verizon Communications Inc. stocks is 6.8%. Verizon Communications Inc. had an annual average earning growth of 2.3% over the past 10 years.
New Purchase: Occidental Petroleum Corp. (OXY)
Steven Romick initiated holdings in Occidental Petroleum Corp.. His purchase prices were between $76.01 and $84.27, with an estimated average price of $80.54. The impact to his portfolio due to this purchase was 4.38%. His holdings were 810,000 shares as of 03/31/2010.Occidental Petroleum Corp. explores for, develops, produces and markets crude oil and natural gas and manufactures and markets a variety of basic chemicals, including chlorine, caustic soda, and ethylene dichloride, as well as specialty chemicals and vinyls, including polyvinyl chloride resins and vinyl chloride monomer. Occidental Petroleum Corp. has a market cap of $64.49 billion; its shares were traded at around $79.41 with a P/E ratio of 17.26 and P/S ratio of 4.19. The dividend yield of Occidental Petroleum Corp. stocks is 1.66%. Occidental Petroleum Corp. had an annual average earning growth of 13.6% over the past 10 years.
New Purchase: Apache Corp. (APA)
Steven Romick initiated holdings in Apache Corp.. His purchase prices were between $97.19 and $108.8, with an estimated average price of $103.65. The impact to his portfolio due to this purchase was 3.25%. His holdings were 500,000 shares as of 03/31/2010.Apache Corporation is an independent energy company that explores for, develops and produces natural gas, crude oil and natural gas liquids. Apache Corp. has a market cap of $30.15 billion; its shares were traded at around $89.58 with a P/E ratio of 12.89 and P/S ratio of 3.5. The dividend yield of Apache Corp. stocks is 0.67%. Apache Corp. had an annual average earning growth of 16.6% over the past 10 years. GuruFocus rated Apache Corp. the business predictability rank of 3-star.
Reduced: West Marine Inc. (WMAR)
Steven Romick reduced to his holdings in West Marine Inc. by vered. His sale prices were between $7.79 and $11.7, with an estimated average price of $9.51. The impact to his portfolio due to this sale was less than 0.01%. Steven Romick still held 0 shares as of 03/31/2010.West Marine, Inc. is the largest specialty retailer of recreational and commercial boating supplies and apparel in the United States. West Marine Inc. has a market cap of $239.6 million; its shares were traded at around $10.72 with a P/E ratio of 11.91 and P/S ratio of 0.41.
Reduced: Principal Financial Group Inc. (PFG)
Steven Romick reduced to his holdings in Principal Financial Group Inc. by vered. His sale prices were between $21.45 and $29.32, with an estimated average price of $24.73. The impact to his portfolio due to this sale was less than 0.01%. Steven Romick still held 0 shares as of 03/31/2010.The Principal Financial Group is a provider of retirement savings, investment and insurance products and services. Principal Financial Group Inc. has a market cap of $8.37 billion; its shares were traded at around $26.2 with a P/E ratio of 9.23 and P/S ratio of 0.95. The dividend yield of Principal Financial Group Inc. stocks is 1.91%. Principal Financial Group Inc. had an annual average earning growth of 3.9% over the past 10 years.
Reduced: Bj's Wholesale Club Inc. (BJ)
Steven Romick reduced to his holdings in Bj's Wholesale Club Inc. by vered. His sale prices were between $32.53 and $37.2, with an estimated average price of $34.62. The impact to his portfolio due to this sale was less than 0.01%. Steven Romick still held 0 shares as of 03/31/2010.BJS Warehouse offers an assortment of brand name food and generalmerchandise items within a wide range of product categories. Bj's Wholesale Club Inc. has a market cap of $2.06 billion; its shares were traded at around $38.41 with a P/E ratio of 15.18 and P/S ratio of 0.2. Bj's Wholesale Club Inc. had an annual average earning growth of 2.4% over the past 10 years.
Reduced: Coach Inc. (COH)
Steven Romick reduced to his holdings in Coach Inc. by vered. His sale prices were between $34.04 and $40.31, with an estimated average price of $36.81. The impact to his portfolio due to this sale was less than 0.01%. Steven Romick still held 0 shares as of 03/31/2010.Coach Inc. is a designer, producer and marketer of high-quality, modern, American classic accessories that complement the diverse lifestyles of discerning women and men. Coach Inc. has a market cap of $12.07 billion; its shares were traded at around $38.43 with a P/E ratio of 18.21 and P/S ratio of 3.74. The dividend yield of Coach Inc. stocks is 0.78%. Coach Inc. had an annual average earning growth of 37.2% over the past 10 years.
Reduced: Granite Construction Inc. (GVA)
Steven Romick reduced to his holdings in Granite Construction Inc. by 25.06%. His sale prices were between $27.63 and $35.82, with an estimated average price of $31.02. The impact to his portfolio due to this sale was 0.03%. Steven Romick still held -57,700 shares as of 03/31/2010.Granite Construction, Inc. is a diversified heavy civil constractor and construction materials producer. Granite Construction Inc. has a market cap of $1.22 billion; its shares were traded at around $31.29 with a P/E ratio of 40.12 and P/S ratio of 0.62. The dividend yield of Granite Construction Inc. stocks is 1.66%. Granite Construction Inc. had an annual average earning growth of 11.7% over the past 10 years.
Reduced: Lowe's Companies Inc. (LOW)
Steven Romick reduced to his holdings in Lowe's Companies Inc. by 51.74%. His sale prices were between $21.59 and $25.16, with an estimated average price of $23.33. The impact to his portfolio due to this sale was -0.53%. Steven Romick still held 655,400 shares as of 03/31/2010.Lowe's Companies Inc. is a retailer of home improvement products in the world, with specific emphasis on retail do-it-yourself and commercial business customers. Lowe's Companies Inc. has a market cap of $34.93 billion; its shares were traded at around $24.2 with a P/E ratio of 19.36 and P/S ratio of 0.74. The dividend yield of Lowe's Companies Inc. stocks is 1.49%. Lowe's Companies Inc. had an annual average earning growth of 11.8% over the past 10 years.
Reduced: Health Net Inc. (HNT)
Steven Romick reduced to his holdings in Health Net Inc. by 67.15%. His sale prices were between $22.66 and $26.15, with an estimated average price of $24.39. The impact to his portfolio due to this sale was -0.81%. Steven Romick still held 756,000 shares as of 03/31/2010.Health Net, Inc. is an integrated managed care organization which administers the delivery of managed health care services. Health Net Inc. has a market cap of $2.34 billion; its shares were traded at around $23.37 with a P/E ratio of 10.03 and P/S ratio of 0.15.
Reduced: Chevron Corp. (CVX)
Steven Romick reduced to his holdings in Chevron Corp. by 67.87%. His sale prices were between $70.13 and $80.88, with an estimated average price of $74.73. The impact to his portfolio due to this sale was -0.98%. Steven Romick still held 298,300 shares as of 03/31/2010.Chevron is the fifth-largest integrated energy company in the world. Chevron Corp. has a market cap of $149.58 billion; its shares were traded at around $74.48 with a P/E ratio of 11.49 and P/S ratio of 0.87. The dividend yield of Chevron Corp. stocks is 3.87%. Chevron Corp. had an annual average earning growth of 11.5% over the past 10 years. GuruFocus rated Chevron Corp. the business predictability rank of 3-star.
Sold Out: Conocophillips (COP)
Steven Romick sold out his holdings in Conocophillips. His sale prices were between $47.37 and $53.71, with an estimated average price of $50.66.ConocoPhillips is a major international integrated energy company with operations in some 49 countries. Conocophillips has a market cap of $76.53 billion; its shares were traded at around $51.47 with a P/E ratio of 11.44 and P/S ratio of 0.5. The dividend yield of Conocophillips stocks is 4.27%. Conocophillips had an annual average earning growth of 18.2% over the past 10 years.
