Dodge & Cox, the investment firm that has devoted itself to value investing since the Great Depression, just reported its second quarter portfolio. These are the details of the buys and sells.
Dodge & Cox released their semi-annual report. This is the excerpt from the letter:
The Dodge & Cox Stock Fund had a total return of –13.7% for the second quarter of 2010, compared to –11.4% for the Standard & Poor’s 500 Index (S&P 500). For the six months ended June 30, 2010, the Fund had a total return of –7.9%, compared to –6.7% for the S&P 500. Please see the Fund’s longer-term performance results on page three. At quarter end, the Fund had net assets of $37.0 billion with a cash position of 1.5%.
We believe a long-term perspective on investing is especially important during periods like the first half of 2010. Short-term concerns can often deflect attention from longer-term positive developments. After the events of 2008, it is not surprising that many are searching to identify the next “crisis.” In the United States, for example, high unemployment, rising health care costs, and weakness in real estate are real concerns. Past economic recoveries have struggled with similar issues, yet the economic rebound was sustained (the post-1982 and post-1991 recoveries are two examples). The current environment has significant positives: interest rates are at record lows, inflation remains subdued, home prices are stabilizing, and household net worth is rising. While some economic indicators may lag, the economic recovery can continue.
Despite what we believe is a very promising outlook for equities, the aforementioned challenges faced by certain members of the European Monetary Union and the ecological and economic damage from the Gulf oil spill are getting much attention and are contributing to unduly pessimistic expectations for investors. While these issues are significant, they do not dampen our enthusiasm for the prospects of the global economy. Although these issues have had an impact on the companies we invest in on your behalf in the Fund, they have not changed our belief that the future could be rewarding for patient longterm investors.
According to the most recent filings, Dodge & Cox owns 182 stocks with a total value of $73.1 billion. These are the details of the buys and sells.
This is the sector weightings of his portfolio:
These are the top 5 holdings of Dodge & Cox
Sanofi-Aventis is a global pharmaceutical company that contributes to enhance life by providing medicines, vaccines, and integrated healthcare solutions adapted to local needs and means primarily in Europe and the United States. Sanofiaventis has a market cap of $75.1 billion; its shares were traded at around $28.79 with a P/E ratio of 6.73 and P/S ratio of 1.87. The dividend yield of Sanofiaventis stocks is 3.82%.
Symantec, a world leader in Internet security technology, provides a broad range of content security solutions to individuals and companies. Symantec Corp. has a market cap of $11.02 billion; its shares were traded at around $13.8 with a P/E ratio of 10.22 and P/S ratio of 1.84. Symantec Corp. had an annual average earning growth of 16% over the past 10 years. GuruFocus rated Symantec Corp. the business predictability rank of 3.5-star.
Vodafone AirTouch Plc is the world's largest international mobile communications firm. Vodafone Group Plc has a market cap of $123.88 billion; its shares were traded at around $23.55 with and P/S ratio of 1.75. The dividend yield of Vodafone Group Plc stocks is 5.39%.
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 $128.41 billion; its shares were traded at around $15.92 with a P/E ratio of 7.17 and P/S ratio of 2.57. The dividend yield of Pfizer Inc stocks is 4.52%. Pfizer Inc had an annual average earning growth of 1.8% over the past 10 years.
Nokia is the world leader in mobile communications. Nokia Corp. has a market cap of $34.04 billion; its shares were traded at around $9.09 with a P/E ratio of 9.57 and P/S ratio of 0.59. The dividend yield of Nokia Corp. stocks is 3.86%. Nokia Corp. had an annual average earning growth of 5.3% over the past 10 years.
Charles Schwab Corp. provides a full-service investing experience to customers through a clicks and mortar multi-dimensional, five channel offering of the Internet, branch offices, speech recognition, touch-tone telephone, e-mail and wireless technologies, multilingual and international services, and direct access to professionals day or night. Charles Schwab Corp. has a market cap of $16.86 billion; its shares were traded at around $14.13 with a P/E ratio of 24.36 and P/S ratio of 4.02. The dividend yield of Charles Schwab Corp. stocks is 1.7%. Charles Schwab Corp. had an annual average earning growth of 11.2% over the past 10 years.
Bank of New York is a bank holding company and one of the world's larger financial institutions. Bank Of Ny Mellon Cp has a market cap of $29.9 billion; its shares were traded at around $24.65 with a P/E ratio of 10.4 and P/S ratio of 2.19. The dividend yield of Bank Of Ny Mellon Cp stocks is 1.46%.
Electronic Arts Inc. operates in two principal business segments globally: EA Core business segment: creation, marketing and distribution of entertainment software and the EA. Electronic Arts Inc. has a market cap of $5.21 billion; its shares were traded at around $15.79 with and P/S ratio of 1.42.
Aegon N.V. is an international insurance group which writes life and health insurance and offers related pension, savings and investment products in Europe, North America and the Caribbean. Aegon N.v. Ordinary American Registry has a market cap of $8.7 billion; its shares were traded at around $5.51 with a P/E ratio of 7.65 and P/S ratio of 0.13.
Schlumberger Limited is a global technology services company consisting of two business segments, Schlumberger Oilfield Services and SchlumbergerSema. Schlumberger Ltd. has a market cap of $67.35 billion; its shares were traded at around $56.46 with a P/E ratio of 21.55 and P/S ratio of 2.97. The dividend yield of Schlumberger Ltd. stocks is 1.49%. Schlumberger Ltd. had an annual average earning growth of 23.4% over the past 5 years.
Chevron is the fifth-largest integrated energy company in the world. Chevron Corp. has a market cap of $150.75 billion; its shares were traded at around $75.05 with a P/E ratio of 9.03 and P/S ratio of 0.88. The dividend yield of Chevron Corp. stocks is 3.84%. 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.
Synopsys, Inc. is one of the suppliers of electronic design automation software to the global electronics industry. Synopsys Inc. has a market cap of $3.42 billion; its shares were traded at around $23.11 with a P/E ratio of 16.75 and P/S ratio of 2.51. Synopsys Inc. had an annual average earning growth of 10.6% over the past 10 years.
CREDIT SUISSE GROUP and Winterthur offer investment products, private banking and financial advisory services, as well as insurance and pension solutions. Credit Suisse Group has a market cap of $52.17 billion; its shares were traded at around $44 with a P/E ratio of 9.34 and P/S ratio of 1.65. The dividend yield of Credit Suisse Group stocks is 2.65%. Credit Suisse Group had an annual average earning growth of 39.9% over the past 10 years.
Walt Disney Company owns 100% of Disney Enterprises, Inc. The Walt Disney Company Disney has a market cap of $64.73 billion; its shares were traded at around $33.05 with a P/E ratio of 15.89 and P/S ratio of 1.79. The dividend yield of The Walt Disney Company Disney stocks is 1.06%. The Walt Disney Company Disney had an annual average earning growth of 11.2% over the past 10 years.
Comcast Corporation is principally involved in the development, management and operation of broadband cable networks, and in the provision of electronic commerce and programming content. Comcast Corp. Special has a market cap of $48.4 billion; its shares were traded at around $16.74 with a P/E ratio of 13.83 and P/S ratio of 1.35. The dividend yield of Comcast Corp. Special stocks is 2.26%. Comcast Corp. Special had an annual average earning growth of 14.9% over the past 10 years.
Goldman Sachs is a global investment banking and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments, and high net worth individuals. Goldman Sachs Group Inc. The has a market cap of $76.31 billion; its shares were traded at around $148.24 with a P/E ratio of 6.8 and P/S ratio of 1.48. The dividend yield of Goldman Sachs Group Inc. The stocks is 0.94%. Goldman Sachs Group Inc. The had an annual average earning growth of 12.7% over the past 10 years.
The Boeing Company is one of the world's major aerospace firms. The Boeing Company has a market cap of $49.03 billion; its shares were traded at around $64.6 with a P/E ratio of 49.31 and P/S ratio of 0.72. The dividend yield of The Boeing Company stocks is 2.6%. The Boeing Company had an annual average earning growth of 8.5% over the past 5 years.
Allstate Corporation's business is conducted principally throughAllstate Insurance Company, Allstate Life Insurance Company and theirsubsidiaries. Allstate Corp. The has a market cap of $14.93 billion; its shares were traded at around $27.75 with a P/E ratio of 7.75 and P/S ratio of 0.47. The dividend yield of Allstate Corp. The stocks is 2.88%. Allstate Corp. The had an annual average earning growth of 7.5% over the past 10 years.
Apple Computer, Inc. designs, manufactures and markets personal computers and related personal computing and communicating solutions for sale primarily to education, creative, consumer, and business customers. Apple Inc. has a market cap of $227.16 billion; its shares were traded at around $249.64 with a P/E ratio of 18.8 and P/S ratio of 5.29. Apple Inc. had an annual average earning growth of 83.1% over the past 5 years.
CP & L Energy, Inc. is primarily engaged in the generation, transmission,distribution and sale of electricity in portions of North and South Carolina and Florida and the transmission, distribution and sale of natural gas in portions of North Carolina. Progress Energy Inc. has a market cap of $12.1 billion; its shares were traded at around $42.14 with a P/E ratio of 13.95 and P/S ratio of 1.22. The dividend yield of Progress Energy Inc. stocks is 5.89%.
State Street Corporation is the world's specialist in providing sophisticated global investors with investment servicing, investment management, investment research and trading services. State Street Corp. has a market cap of $18.51 billion; its shares were traded at around $36.89 with a P/E ratio of 9.92 and P/S ratio of 2.01. The dividend yield of State Street Corp. stocks is 0.11%. State Street Corp. had an annual average earning growth of 3.4% over the past 10 years.
Texas Instruments, Inc. is a global semiconductor company and one of the world's designers and suppliers of digital signal processors and analog integrated circuits, the engines driving the digitization of electronics. Texas Instruments Inc. has a market cap of $30.19 billion; its shares were traded at around $24.7 with a P/E ratio of 11.88 and P/S ratio of 2.9. The dividend yield of Texas Instruments Inc. stocks is 1.94%. Texas Instruments Inc. had an annual average earning growth of 4.2% over the past 5 years.
Hitachi Ltd., headquartered in Tokyo, is one of the world's global electronics companies. Hitachi Ltd. has a market cap of $18.85 billion; its shares were traded at around $41.71 with a P/E ratio of 28.18 and P/S ratio of 0.2.
BP p.l.c. is the holding company of one of the world's largest petroleum and petrochemicals groups. Bp P.l.c. has a market cap of $113.96 billion; its shares were traded at around $36.4 with a P/E ratio of 5.14 and P/S ratio of 0.46. Bp P.l.c. had an annual average earning growth of 20.3% over the past 10 years. GuruFocus rated Bp P.l.c. the business predictability rank of 3-star.
Autodesk is one of the world's design software and digital content companies for architectural design and land development, manufacturing, utilities, telecommunications, and media and entertainment. Autodesk Inc. has a market cap of $6.45 billion; its shares were traded at around $28.11 with a P/E ratio of 31.94 and P/S ratio of 3.76. Autodesk Inc. had an annual average earning growth of 9.2% over the past 10 years.
Emerson is engaged principally in the worldwide design, manufactureand sale of a broad range of electrical, electromechanical and electronicproducts and systems. Emerson Electric Co. has a market cap of $35.16 billion; its shares were traded at around $46.68 with a P/E ratio of 18.31 and P/S ratio of 1.68. The dividend yield of Emerson Electric Co. stocks is 2.87%. Emerson Electric Co. had an annual average earning growth of 8.1% over the past 10 years.
Liberty Starz Group is a significant operating subsidiary and also a principal reportable segment of Liberty Media Corporation which focuses primarily on video programming, communications businesses, and the direct-to-home satellite distribution business. Lstza has a market cap of $2.9 billion; its shares were traded at around $59.24 with a P/E ratio of 83.44 and P/S ratio of 2.41.
Cardinal Health, Inc. is one of the providers of products and services to healthcare providers and manufacturers to help them improve the efficiency and quality of healthcare. Cardinal Health Inc. has a market cap of $11.27 billion; its shares were traded at around $31.14 with a P/E ratio of 14.03 and P/S ratio of 0.11. The dividend yield of Cardinal Health Inc. stocks is 2.5%. Cardinal Health Inc. had an annual average earning growth of 6% over the past 10 years. GuruFocus rated Cardinal Health Inc. the business predictability rank of 3-star.
Koninklijke Philips Electronics N.V. is the parent company of Philips, a widely diversified multinational group of electronic and electrical products, systems and equipment, as well as information technology services. Koninklijke Philips Electronics N.v. N Y has a market cap of $25.89 billion; its shares were traded at around $27.92 with a P/E ratio of 21.31 and P/S ratio of 0.8.
Caterpillar Inc is the world's largest manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. Caterpillar Inc. has a market cap of $43.26 billion; its shares were traded at around $68.86 with a P/E ratio of 27.11 and P/S ratio of 1.34. The dividend yield of Caterpillar Inc. stocks is 2.56%. Caterpillar Inc. had an annual average earning growth of 5% over the past 10 years.
UnitedHealth Group Inc. offers health care coverage and related services to help people achieve improved health and well-being through all stages of life. Unitedhealth Group Inc. has a market cap of $35.93 billion; its shares were traded at around $31.61 with a P/E ratio of 8.5 and P/S ratio of 0.41. The dividend yield of Unitedhealth Group Inc. stocks is 1.58%. Unitedhealth Group Inc. had an annual average earning growth of 22.1% over the past 10 years. GuruFocus rated Unitedhealth Group Inc. the business predictability rank of 3.5-star.
Citrix Systems, Inc. is one of the suppliers of application delivery and management software and services that enable the effective and efficient enterprise-wide deployment and management of applications. Citrix Systems Inc. has a market cap of $11 billion; its shares were traded at around $59.21 with a P/E ratio of 39.47 and P/S ratio of 6.81. Citrix Systems Inc. had an annual average earning growth of 4.2% over the past 10 years.
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 $19.82 billion; its shares were traded at around $39.4 with a P/E ratio of 16.62 and P/S ratio of 2.22. The dividend yield of Automatic Data Processing Inc. stocks is 3.45%. Automatic Data Processing Inc. had an annual average earning growth of 2% over the past 10 years. GuruFocus rated Automatic Data Processing Inc. the business predictability rank of 4-star.
American Electric Power is a public utility holding company which owns,directly or indirectly, all of the outstanding common stock of its domesticelectric utility subsidiaries and varying percentages of other subsidiaries. American Electric Power Company Inc. has a market cap of $16.67 billion; its shares were traded at around $34.82 with a P/E ratio of 11.88 and P/S ratio of 1.24. The dividend yield of American Electric Power Company Inc. stocks is 4.82%. American Electric Power Company Inc. had an annual average earning growth of 3.9% over the past 5 years.
AMERIPRISE FINANCIAL, INC. is a financial planning and services company with financial advisors and registered representatives that provides solutions for clients' asset accumulation, income management and insurance protection needs. Ameriprise Financial Inc. has a market cap of $11.11 billion; its shares were traded at around $43.13 with a P/E ratio of 11.2 and P/S ratio of 1.4. The dividend yield of Ameriprise Financial Inc. stocks is 1.67%.
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 $9.94 billion; its shares were traded at around $36.91 with a P/E ratio of 11.39 and P/S ratio of 1.31. The dividend yield of Aon stocks is 1.63%. Aon had an annual average earning growth of 2.7% over the past 10 years.
Apollo Group, Inc. has been providing higher education to working adults for over 25 years. Apollo Group Inc. has a market cap of $5.99 billion; its shares were traded at around $40.72 with a P/E ratio of 7.97 and P/S ratio of 1.51. Apollo Group Inc. had an annual average earning growth of 26.4% over the past 10 years. GuruFocus rated Apollo Group Inc. the business predictability rank of 4-star.
Avon Products, Inc. is one of the world's manufacturers and marketers of beauty and related products, which include cosmetics, fragrance and toiletries; beauty plus which consists of jewelry and accessories and apparel; and non-core which consists of gift and decorative and home entertainment products. Avon Products Inc. has a market cap of $12.42 billion; its shares were traded at around $29 with a P/E ratio of 15.1 and P/S ratio of 1.2. The dividend yield of Avon Products Inc. stocks is 3.03%. Avon Products Inc. had an annual average earning growth of 4.2% over the past 10 years. GuruFocus rated Avon Products Inc. the business predictability rank of 2.5-star.
FirstEnergy Corp. is a diversified energy services holding company as the result of the merger of Ohio Edison Company and Centerior Energy Corporation. Firstenergy Corp. has a market cap of $10.93 billion; its shares were traded at around $35.84 with a P/E ratio of 10.21 and P/S ratio of 0.84. The dividend yield of Firstenergy Corp. stocks is 6.14%. Firstenergy Corp. had an annual average earning growth of 3.9% over the past 10 years.
PETROBRAS-ADR C is an integrated company operating in exploration, production, refining, retailing and transportation of petroleum and its byproducts at home and abroad. Petroleo Brasileiro S.a.petrobras has a market cap of $87.31 billion; its shares were traded at around $34.42 with a P/E ratio of 8.65 and P/S ratio of 0.94. The dividend yield of Petroleo Brasileiro S.a.petrobras stocks is 0.43%. Petroleo Brasileiro S.a.petrobras had an annual average earning growth of 22.7% over the past 10 years. GuruFocus rated Petroleo Brasileiro S.a.petrobras the business predictability rank of 4-star.
EnCana Corporation is one of the world's largest independent natural gas producers and gas storage operators. Encana Corp. has a market cap of $20.37 billion; its shares were traded at around $27.7 with a P/E ratio of 12.59 and P/S ratio of 1.83. The dividend yield of Encana Corp. stocks is 2.89%. Encana Corp. had an annual average earning growth of 20.7% over the past 10 years.
Moody's Corporation is the parent company of Moody's Investors Service, a provider of credit ratings, research and analysis covering debt instruments and securities in the global capital markets, Moody's KMV, a provider of credit risk processing and credit risk management products for banks and investors in credit-sensitive assets serving the world's largest financial institutions, Moody's Economy. Moody's Corp. has a market cap of $5.15 billion; its shares were traded at around $21.71 with a P/E ratio of 11.99 and P/S ratio of 2.86. The dividend yield of Moody's Corp. stocks is 1.93%. Moody's Corp. had an annual average earning growth of 15.7% over the past 10 years. GuruFocus rated Moody's Corp. the business predictability rank of 2.5-star.
Masco Corporation is the country's manufacturer of home improvement and building products that bring the highest quality and value to your home and family. Masco Corp. has a market cap of $3.79 billion; its shares were traded at around $10.56 with a P/E ratio of 35.2 and P/S ratio of 0.49. The dividend yield of Masco Corp. stocks is 2.84%.
The Gap, Inc. is a global specialty retailer which operates stores selling casual apparel, personal care and other accessories for men, women and children under the Gap, Banana Republic and Old Navy brands. The Gap Inc. has a market cap of $11.27 billion; its shares were traded at around $17.32 with a P/E ratio of 9.84 and P/S ratio of 0.79. The dividend yield of The Gap Inc. stocks is 2.31%. The Gap Inc. had an annual average earning growth of 10.7% over the past 10 years. GuruFocus rated The Gap Inc. the business predictability rank of 2-star.
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 $83.02 billion; its shares were traded at around $29.37 with a P/E ratio of 12.88 and P/S ratio of 0.77. The dividend yield of Verizon Communications Inc. stocks is 6.47%. Verizon Communications Inc. had an annual average earning growth of 2.3% over the past 10 years.
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Dodge & Cox released their semi-annual report. This is the excerpt from the letter:
The Dodge & Cox Stock Fund had a total return of –13.7% for the second quarter of 2010, compared to –11.4% for the Standard & Poor’s 500 Index (S&P 500). For the six months ended June 30, 2010, the Fund had a total return of –7.9%, compared to –6.7% for the S&P 500. Please see the Fund’s longer-term performance results on page three. At quarter end, the Fund had net assets of $37.0 billion with a cash position of 1.5%.
We believe a long-term perspective on investing is especially important during periods like the first half of 2010. Short-term concerns can often deflect attention from longer-term positive developments. After the events of 2008, it is not surprising that many are searching to identify the next “crisis.” In the United States, for example, high unemployment, rising health care costs, and weakness in real estate are real concerns. Past economic recoveries have struggled with similar issues, yet the economic rebound was sustained (the post-1982 and post-1991 recoveries are two examples). The current environment has significant positives: interest rates are at record lows, inflation remains subdued, home prices are stabilizing, and household net worth is rising. While some economic indicators may lag, the economic recovery can continue.
Despite what we believe is a very promising outlook for equities, the aforementioned challenges faced by certain members of the European Monetary Union and the ecological and economic damage from the Gulf oil spill are getting much attention and are contributing to unduly pessimistic expectations for investors. While these issues are significant, they do not dampen our enthusiasm for the prospects of the global economy. Although these issues have had an impact on the companies we invest in on your behalf in the Fund, they have not changed our belief that the future could be rewarding for patient longterm investors.
According to the most recent filings, Dodge & Cox owns 182 stocks with a total value of $73.1 billion. These are the details of the buys and sells.
- New Purchases: AAPL, ALL, BA, GS,
- Added Positions: AEG, BK, CMCSK, CS, CVX, DIS, ERTS, NOK, PFE, SCHW, SLB, SNPS, SNY, SYMC, VOD,
- Reduced Positions: ADSK, BP, CAH, CAT, CTXS, EMR, HIT, LSTZA, PGN, PHG, STT, TXN, UNH,
- Sold Out: ADP, AEP, AMP, AON, APOL, AVP, ECA, FE, GPS, MAS, MCO, PBR, VZ,
This is the sector weightings of his portfolio:
| Consumer Services | 17.9% |
| Health Care | 17.6% |
| Technology | 14.7% |
| Financials | 14.4% |
| Oil & Gas | 9.5% |
| Industrials | 9.4% |
| Telecommunications | 5.8% |
| Consumer Goods | 4% |
| Basic Materials | 2% |
These are the top 5 holdings of Dodge & Cox
- Novartis AG (NVS) - 65,536,713 shares, 4.33% of the total portfolio. Shares added by 0.44%
- HewlettPackard Company (HPQ) - 70,236,339 shares, 4.16% of the total portfolio. Shares added by 0.95%
- Schlumberger Ltd. (SLB) - 50,978,444 shares, 3.86% of the total portfolio. Shares added by 3.57%
- GlaxoSmithKline Plc (GSK) - 77,075,115 shares, 3.59% of the total portfolio. Shares added by 2.7%
- Comcast Corp. (CMCSA) - 135,445,387 shares, 3.22% of the total portfolio. Shares added by 0.31%
Added: Sanofiaventis (SNY, Financial)
Dodge & Cox added to their holdings in Sanofiaventis by 38.73%. Their purchase prices were between $28.47 and $37.49, with an estimated average price of $32.49. The impact to their portfolio due to this purchase was 0.56%. Their holdings were 48,592,109 shares as of 06/30/2010.Sanofi-Aventis is a global pharmaceutical company that contributes to enhance life by providing medicines, vaccines, and integrated healthcare solutions adapted to local needs and means primarily in Europe and the United States. Sanofiaventis has a market cap of $75.1 billion; its shares were traded at around $28.79 with a P/E ratio of 6.73 and P/S ratio of 1.87. The dividend yield of Sanofiaventis stocks is 3.82%.
Added: Symantec Corp. (SYMC, Financial)
Dodge & Cox added to their holdings in Symantec Corp. by 63.09%. Their purchase prices were between $13.84 and $17.41, with an estimated average price of $15.66. The impact to their portfolio due to this purchase was 0.36%. Their holdings were 48,982,600 shares as of 06/30/2010.Symantec, a world leader in Internet security technology, provides a broad range of content security solutions to individuals and companies. Symantec Corp. has a market cap of $11.02 billion; its shares were traded at around $13.8 with a P/E ratio of 10.22 and P/S ratio of 1.84. Symantec Corp. had an annual average earning growth of 16% over the past 10 years. GuruFocus rated Symantec Corp. the business predictability rank of 3.5-star.
Added: Vodafone Group Plc (VOD, Financial)
Dodge & Cox added to their holdings in Vodafone Group Plc by 12.96%. Their purchase prices were between $18.68 and $23.69, with an estimated average price of $21.29. The impact to their portfolio due to this purchase was 0.34%. Their holdings were 104,068,819 shares as of 06/30/2010.Vodafone AirTouch Plc is the world's largest international mobile communications firm. Vodafone Group Plc has a market cap of $123.88 billion; its shares were traded at around $23.55 with and P/S ratio of 1.75. The dividend yield of Vodafone Group Plc stocks is 5.39%.
Added: Pfizer Inc (PFE, Financial)
Dodge & Cox added to their holdings in Pfizer Inc by 18.53%. Their purchase prices were between $14.28 and $17.29, with an estimated average price of $15.97. The impact to their portfolio due to this purchase was 0.33%. Their holdings were 107,382,060 shares as of 06/30/2010.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 $128.41 billion; its shares were traded at around $15.92 with a P/E ratio of 7.17 and P/S ratio of 2.57. The dividend yield of Pfizer Inc stocks is 4.52%. Pfizer Inc had an annual average earning growth of 1.8% over the past 10 years.
Added: Nokia Corp. (NOK, Financial)
Dodge & Cox added to their holdings in Nokia Corp. by 134.27%. Their purchase prices were between $8.02 and $15.65, with an estimated average price of $11.31. The impact to their portfolio due to this purchase was 0.33%. Their holdings were 52,291,410 shares as of 06/30/2010.Nokia is the world leader in mobile communications. Nokia Corp. has a market cap of $34.04 billion; its shares were traded at around $9.09 with a P/E ratio of 9.57 and P/S ratio of 0.59. The dividend yield of Nokia Corp. stocks is 3.86%. Nokia Corp. had an annual average earning growth of 5.3% over the past 10 years.
Added: Charles Schwab Corp. (SCHW, Financial)
Dodge & Cox added to their holdings in Charles Schwab Corp. by 80.74%. Their purchase prices were between $14.18 and $19.88, with an estimated average price of $17.37. The impact to their portfolio due to this purchase was 0.29%. Their holdings were 34,031,661 shares as of 06/30/2010.Charles Schwab Corp. provides a full-service investing experience to customers through a clicks and mortar multi-dimensional, five channel offering of the Internet, branch offices, speech recognition, touch-tone telephone, e-mail and wireless technologies, multilingual and international services, and direct access to professionals day or night. Charles Schwab Corp. has a market cap of $16.86 billion; its shares were traded at around $14.13 with a P/E ratio of 24.36 and P/S ratio of 4.02. The dividend yield of Charles Schwab Corp. stocks is 1.7%. Charles Schwab Corp. had an annual average earning growth of 11.2% over the past 10 years.
Added: Bank Of Ny Mellon Cp (BK, Financial)
Dodge & Cox added to their holdings in Bank Of Ny Mellon Cp by 21.74%. Their purchase prices were between $25.11 and $32.54, with an estimated average price of $29.03. The impact to their portfolio due to this purchase was 0.27%. Their holdings were 44,464,675 shares as of 06/30/2010.Bank of New York is a bank holding company and one of the world's larger financial institutions. Bank Of Ny Mellon Cp has a market cap of $29.9 billion; its shares were traded at around $24.65 with a P/E ratio of 10.4 and P/S ratio of 2.19. The dividend yield of Bank Of Ny Mellon Cp stocks is 1.46%.
Added: Electronic Arts Inc. (ERTS, Financial)
Dodge & Cox added to their holdings in Electronic Arts Inc. by 41.63%. Their purchase prices were between $14.65 and $19.97, with an estimated average price of $17.58. The impact to their portfolio due to this purchase was 0.21%. Their holdings were 36,432,457 shares as of 06/30/2010.Electronic Arts Inc. operates in two principal business segments globally: EA Core business segment: creation, marketing and distribution of entertainment software and the EA. Electronic Arts Inc. has a market cap of $5.21 billion; its shares were traded at around $15.79 with and P/S ratio of 1.42.
Added: Aegon N.v. Ordinary American Registry (AEG, Financial)
Dodge & Cox added to their holdings in Aegon N.v. Ordinary American Registry by 33.25%. Their purchase prices were between $5.2 and $7.41, with an estimated average price of $6.33. The impact to their portfolio due to this purchase was 0.14%. Their holdings were 75,598,192 shares as of 06/30/2010.Aegon N.V. is an international insurance group which writes life and health insurance and offers related pension, savings and investment products in Europe, North America and the Caribbean. Aegon N.v. Ordinary American Registry has a market cap of $8.7 billion; its shares were traded at around $5.51 with a P/E ratio of 7.65 and P/S ratio of 0.13.
Added: Schlumberger Ltd. (SLB, Financial)
Dodge & Cox added to their holdings in Schlumberger Ltd. by 3.57%. Their purchase prices were between $51.75 and $73.15, with an estimated average price of $62.98. The impact to their portfolio due to this purchase was 0.13%. Their holdings were 50,978,444 shares as of 06/30/2010.Schlumberger Limited is a global technology services company consisting of two business segments, Schlumberger Oilfield Services and SchlumbergerSema. Schlumberger Ltd. has a market cap of $67.35 billion; its shares were traded at around $56.46 with a P/E ratio of 21.55 and P/S ratio of 2.97. The dividend yield of Schlumberger Ltd. stocks is 1.49%. Schlumberger Ltd. had an annual average earning growth of 23.4% over the past 5 years.
Added: Chevron Corp. (CVX, Financial)
Dodge & Cox added to their holdings in Chevron Corp. by 9.19%. Their purchase prices were between $68.36 and $82.83, with an estimated average price of $76.64. The impact to their portfolio due to this purchase was 0.13%. Their holdings were 16,573,513 shares as of 06/30/2010.Chevron is the fifth-largest integrated energy company in the world. Chevron Corp. has a market cap of $150.75 billion; its shares were traded at around $75.05 with a P/E ratio of 9.03 and P/S ratio of 0.88. The dividend yield of Chevron Corp. stocks is 3.84%. 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.
Added: Synopsys Inc. (SNPS, Financial)
Dodge & Cox added to their holdings in Synopsys Inc. by 16.35%. Their purchase prices were between $20.94 and $23.28, with an estimated average price of $22.19. The impact to their portfolio due to this purchase was 0.1%. Their holdings were 24,813,119 shares as of 06/30/2010.Synopsys, Inc. is one of the suppliers of electronic design automation software to the global electronics industry. Synopsys Inc. has a market cap of $3.42 billion; its shares were traded at around $23.11 with a P/E ratio of 16.75 and P/S ratio of 2.51. Synopsys Inc. had an annual average earning growth of 10.6% over the past 10 years.
Added: Credit Suisse Group (CS)
Dodge & Cox added to their holdings in Credit Suisse Group by 20.12%. Their purchase prices were between $36.54 and $53.06, with an estimated average price of $43.19. The impact to their portfolio due to this purchase was 0.03%. Their holdings were 3,611,487 shares as of 06/30/2010.CREDIT SUISSE GROUP and Winterthur offer investment products, private banking and financial advisory services, as well as insurance and pension solutions. Credit Suisse Group has a market cap of $52.17 billion; its shares were traded at around $44 with a P/E ratio of 9.34 and P/S ratio of 1.65. The dividend yield of Credit Suisse Group stocks is 2.65%. Credit Suisse Group had an annual average earning growth of 39.9% over the past 10 years.
Added: The Walt Disney Company Disney (DIS)
Dodge & Cox added to their holdings in The Walt Disney Company Disney by 1127.42%. Their purchase prices were between $31.99 and $37.56, with an estimated average price of $34.79. The impact to their portfolio due to this purchase was 0.02%. Their holdings were 400,642 shares as of 06/30/2010.Walt Disney Company owns 100% of Disney Enterprises, Inc. The Walt Disney Company Disney has a market cap of $64.73 billion; its shares were traded at around $33.05 with a P/E ratio of 15.89 and P/S ratio of 1.79. The dividend yield of The Walt Disney Company Disney stocks is 1.06%. The Walt Disney Company Disney had an annual average earning growth of 11.2% over the past 10 years.
Added: Comcast Corp. Special (CMCSK)
Dodge & Cox added to their holdings in Comcast Corp. Special by 236.31%. Their purchase prices were between $16.0275 and $19.33, with an estimated average price of $17.43. The impact to their portfolio due to this purchase was less than 0.01%. Their holdings were 205,863 shares as of 06/30/2010.Comcast Corporation is principally involved in the development, management and operation of broadband cable networks, and in the provision of electronic commerce and programming content. Comcast Corp. Special has a market cap of $48.4 billion; its shares were traded at around $16.74 with a P/E ratio of 13.83 and P/S ratio of 1.35. The dividend yield of Comcast Corp. Special stocks is 2.26%. Comcast Corp. Special had an annual average earning growth of 14.9% over the past 10 years.
New Purchase: Goldman Sachs Group Inc. The (GS)
Dodge & Cox initiated holdings in Goldman Sachs Group Inc. The. Their purchase prices were between $133.44 and $184.27, with an estimated average price of $148.68. The impact to their portfolio due to this purchase was 0.45%. Their holdings were 2,507,700 shares as of 06/30/2010.Goldman Sachs is a global investment banking and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments, and high net worth individuals. Goldman Sachs Group Inc. The has a market cap of $76.31 billion; its shares were traded at around $148.24 with a P/E ratio of 6.8 and P/S ratio of 1.48. The dividend yield of Goldman Sachs Group Inc. The stocks is 0.94%. Goldman Sachs Group Inc. The had an annual average earning growth of 12.7% over the past 10 years.
New Purchase: The Boeing Company (BA)
Dodge & Cox initiated holdings in The Boeing Company. Their purchase prices were between $60.11 and $75.59, with an estimated average price of $68.52. The impact to their portfolio due to this purchase was less than 0.01%. Their holdings were 4,674 shares as of 06/30/2010.The Boeing Company is one of the world's major aerospace firms. The Boeing Company has a market cap of $49.03 billion; its shares were traded at around $64.6 with a P/E ratio of 49.31 and P/S ratio of 0.72. The dividend yield of The Boeing Company stocks is 2.6%. The Boeing Company had an annual average earning growth of 8.5% over the past 5 years.
New Purchase: Allstate Corp. The (ALL)
Dodge & Cox initiated holdings in Allstate Corp. The. Their purchase prices were between $28.67 and $35.43, with an estimated average price of $31.72. The impact to their portfolio due to this purchase was less than 0.01%. Their holdings were 11,021 shares as of 06/30/2010.Allstate Corporation's business is conducted principally throughAllstate Insurance Company, Allstate Life Insurance Company and theirsubsidiaries. Allstate Corp. The has a market cap of $14.93 billion; its shares were traded at around $27.75 with a P/E ratio of 7.75 and P/S ratio of 0.47. The dividend yield of Allstate Corp. The stocks is 2.88%. Allstate Corp. The had an annual average earning growth of 7.5% over the past 10 years.
New Purchase: Apple Inc. (AAPL)
Dodge & Cox initiated holdings in Apple Inc.. Their purchase prices were between $235.86 and $274.074, with an estimated average price of $254.79. The impact to their portfolio due to this purchase was less than 0.01%. Their holdings were 4,958 shares as of 06/30/2010.Apple Computer, Inc. designs, manufactures and markets personal computers and related personal computing and communicating solutions for sale primarily to education, creative, consumer, and business customers. Apple Inc. has a market cap of $227.16 billion; its shares were traded at around $249.64 with a P/E ratio of 18.8 and P/S ratio of 5.29. Apple Inc. had an annual average earning growth of 83.1% over the past 5 years.
Reduced: Progress Energy Inc. (PGN)
Dodge & Cox reduced to their holdings in Progress Energy Inc. by 31.94%. Their sale prices were between $37.67 and $40.53, with an estimated average price of $39.27. The impact to their portfolio due to this sale was less than 0.01%. Dodge & Cox still held 6,500 shares as of 06/30/2010.CP & L Energy, Inc. is primarily engaged in the generation, transmission,distribution and sale of electricity in portions of North and South Carolina and Florida and the transmission, distribution and sale of natural gas in portions of North Carolina. Progress Energy Inc. has a market cap of $12.1 billion; its shares were traded at around $42.14 with a P/E ratio of 13.95 and P/S ratio of 1.22. The dividend yield of Progress Energy Inc. stocks is 5.89%.
Reduced: State Street Corp. (STT)
Dodge & Cox reduced to their holdings in State Street Corp. by 28.93%. Their sale prices were between $33.95 and $48.07, with an estimated average price of $41.08. The impact to their portfolio due to this sale was less than 0.01%. Dodge & Cox still held 31,200 shares as of 06/30/2010.State Street Corporation is the world's specialist in providing sophisticated global investors with investment servicing, investment management, investment research and trading services. State Street Corp. has a market cap of $18.51 billion; its shares were traded at around $36.89 with a P/E ratio of 9.92 and P/S ratio of 2.01. The dividend yield of State Street Corp. stocks is 0.11%. State Street Corp. had an annual average earning growth of 3.4% over the past 10 years.
Reduced: Texas Instruments Inc. (TXN)
Dodge & Cox reduced to their holdings in Texas Instruments Inc. by 28.36%. Their sale prices were between $23.67 and $27.16, with an estimated average price of $25.23. The impact to their portfolio due to this sale was less than 0.01%. Dodge & Cox still held 11,365 shares as of 06/30/2010.Texas Instruments, Inc. is a global semiconductor company and one of the world's designers and suppliers of digital signal processors and analog integrated circuits, the engines driving the digitization of electronics. Texas Instruments Inc. has a market cap of $30.19 billion; its shares were traded at around $24.7 with a P/E ratio of 11.88 and P/S ratio of 2.9. The dividend yield of Texas Instruments Inc. stocks is 1.94%. Texas Instruments Inc. had an annual average earning growth of 4.2% over the past 5 years.
Reduced: Hitachi Ltd. (HIT)
Dodge & Cox reduced to their holdings in Hitachi Ltd. by 99.91%. Their sale prices were between $36.07 and $44.85, with an estimated average price of $40.57. The impact to their portfolio due to this sale was less than 0.01%. Dodge & Cox still held 8,050 shares as of 06/30/2010.Hitachi Ltd., headquartered in Tokyo, is one of the world's global electronics companies. Hitachi Ltd. has a market cap of $18.85 billion; its shares were traded at around $41.71 with a P/E ratio of 28.18 and P/S ratio of 0.2.
Reduced: Bp P.l.c. (BP)
Dodge & Cox reduced to their holdings in Bp P.l.c. by 23.94%. Their sale prices were between $27.02 and $60.57, with an estimated average price of $45.52. The impact to their portfolio due to this sale was less than 0.01%. Dodge & Cox still held 92,377 shares as of 06/30/2010.BP p.l.c. is the holding company of one of the world's largest petroleum and petrochemicals groups. Bp P.l.c. has a market cap of $113.96 billion; its shares were traded at around $36.4 with a P/E ratio of 5.14 and P/S ratio of 0.46. Bp P.l.c. had an annual average earning growth of 20.3% over the past 10 years. GuruFocus rated Bp P.l.c. the business predictability rank of 3-star.
Reduced: Autodesk Inc. (ADSK)
Dodge & Cox reduced to their holdings in Autodesk Inc. by 97.47%. Their sale prices were between $24.58 and $34.89, with an estimated average price of $30.2. The impact to their portfolio due to this sale was less than 0.01%. Dodge & Cox still held 87,600 shares as of 06/30/2010.Autodesk is one of the world's design software and digital content companies for architectural design and land development, manufacturing, utilities, telecommunications, and media and entertainment. Autodesk Inc. has a market cap of $6.45 billion; its shares were traded at around $28.11 with a P/E ratio of 31.94 and P/S ratio of 3.76. Autodesk Inc. had an annual average earning growth of 9.2% over the past 10 years.
Reduced: Emerson Electric Co. (EMR)
Dodge & Cox reduced to their holdings in Emerson Electric Co. by 21.59%. Their sale prices were between $43.29 and $53.62, with an estimated average price of $48.53. The impact to their portfolio due to this sale was less than 0.01%. Dodge & Cox still held 6,900 shares as of 06/30/2010.Emerson is engaged principally in the worldwide design, manufactureand sale of a broad range of electrical, electromechanical and electronicproducts and systems. Emerson Electric Co. has a market cap of $35.16 billion; its shares were traded at around $46.68 with a P/E ratio of 18.31 and P/S ratio of 1.68. The dividend yield of Emerson Electric Co. stocks is 2.87%. Emerson Electric Co. had an annual average earning growth of 8.1% over the past 10 years.
Reduced: Lstza (LSTZA)
Dodge & Cox reduced to their holdings in Lstza by 96.99%. Their sale prices were between $50.05 and $57.04, with an estimated average price of $53.66. The impact to their portfolio due to this sale was less than 0.01%. Dodge & Cox still held 15,692 shares as of 06/30/2010.Liberty Starz Group is a significant operating subsidiary and also a principal reportable segment of Liberty Media Corporation which focuses primarily on video programming, communications businesses, and the direct-to-home satellite distribution business. Lstza has a market cap of $2.9 billion; its shares were traded at around $59.24 with a P/E ratio of 83.44 and P/S ratio of 2.41.
Reduced: Cardinal Health Inc. (CAH)
Dodge & Cox reduced to their holdings in Cardinal Health Inc. by 58.5%. Their sale prices were between $32.8 and $36.45, with an estimated average price of $34.93. The impact to their portfolio due to this sale was -0.01%. Dodge & Cox still held 154,600 shares as of 06/30/2010.Cardinal Health, Inc. is one of the providers of products and services to healthcare providers and manufacturers to help them improve the efficiency and quality of healthcare. Cardinal Health Inc. has a market cap of $11.27 billion; its shares were traded at around $31.14 with a P/E ratio of 14.03 and P/S ratio of 0.11. The dividend yield of Cardinal Health Inc. stocks is 2.5%. Cardinal Health Inc. had an annual average earning growth of 6% over the past 10 years. GuruFocus rated Cardinal Health Inc. the business predictability rank of 3-star.
Reduced: Koninklijke Philips Electronics N.v. N Y (PHG)
Dodge & Cox reduced to their holdings in Koninklijke Philips Electronics N.v. N Y by 94.86%. Their sale prices were between $28.09 and $35.9, with an estimated average price of $31.71. The impact to their portfolio due to this sale was -0.01%. Dodge & Cox still held 222,913 shares as of 06/30/2010.Koninklijke Philips Electronics N.V. is the parent company of Philips, a widely diversified multinational group of electronic and electrical products, systems and equipment, as well as information technology services. Koninklijke Philips Electronics N.v. N Y has a market cap of $25.89 billion; its shares were traded at around $27.92 with a P/E ratio of 21.31 and P/S ratio of 0.8.
Reduced: Caterpillar Inc. (CAT)
Dodge & Cox reduced to their holdings in Caterpillar Inc. by 95.68%. Their sale prices were between $55.83 and $71.65, with an estimated average price of $64.07. The impact to their portfolio due to this sale was -0.02%. Dodge & Cox still held 216,204 shares as of 06/30/2010.Caterpillar Inc is the world's largest manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. Caterpillar Inc. has a market cap of $43.26 billion; its shares were traded at around $68.86 with a P/E ratio of 27.11 and P/S ratio of 1.34. The dividend yield of Caterpillar Inc. stocks is 2.56%. Caterpillar Inc. had an annual average earning growth of 5% over the past 10 years.
Reduced: Unitedhealth Group Inc. (UNH)
Dodge & Cox reduced to their holdings in Unitedhealth Group Inc. by 95.98%. Their sale prices were between $28.63 and $33.41, with an estimated average price of $30.47. The impact to their portfolio due to this sale was -0.04%. Dodge & Cox still held 1,057,330 shares as of 06/30/2010.UnitedHealth Group Inc. offers health care coverage and related services to help people achieve improved health and well-being through all stages of life. Unitedhealth Group Inc. has a market cap of $35.93 billion; its shares were traded at around $31.61 with a P/E ratio of 8.5 and P/S ratio of 0.41. The dividend yield of Unitedhealth Group Inc. stocks is 1.58%. Unitedhealth Group Inc. had an annual average earning growth of 22.1% over the past 10 years. GuruFocus rated Unitedhealth Group Inc. the business predictability rank of 3.5-star.
Reduced: Citrix Systems Inc. (CTXS)
Dodge & Cox reduced to their holdings in Citrix Systems Inc. by 44.25%. Their sale prices were between $41.92 and $49.83, with an estimated average price of $45.88. The impact to their portfolio due to this sale was -0.2%. Dodge & Cox still held 8,008,260 shares as of 06/30/2010.Citrix Systems, Inc. is one of the suppliers of application delivery and management software and services that enable the effective and efficient enterprise-wide deployment and management of applications. Citrix Systems Inc. has a market cap of $11 billion; its shares were traded at around $59.21 with a P/E ratio of 39.47 and P/S ratio of 6.81. Citrix Systems Inc. had an annual average earning growth of 4.2% over the past 10 years.
Sold Out: Automatic Data Processing Inc. (ADP)
Dodge & Cox sold out their holdings in Automatic Data Processing Inc.. Their sale prices were between $39.91 and $45.48, with an estimated average price of $42.5.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 $19.82 billion; its shares were traded at around $39.4 with a P/E ratio of 16.62 and P/S ratio of 2.22. The dividend yield of Automatic Data Processing Inc. stocks is 3.45%. Automatic Data Processing Inc. had an annual average earning growth of 2% over the past 10 years. GuruFocus rated Automatic Data Processing Inc. the business predictability rank of 4-star.
Sold Out: American Electric Power Company Inc. (AEP)
Dodge & Cox sold out their holdings in American Electric Power Company Inc.. Their sale prices were between $30.97 and $34.56, with an estimated average price of $33.04.American Electric Power is a public utility holding company which owns,directly or indirectly, all of the outstanding common stock of its domesticelectric utility subsidiaries and varying percentages of other subsidiaries. American Electric Power Company Inc. has a market cap of $16.67 billion; its shares were traded at around $34.82 with a P/E ratio of 11.88 and P/S ratio of 1.24. The dividend yield of American Electric Power Company Inc. stocks is 4.82%. American Electric Power Company Inc. had an annual average earning growth of 3.9% over the past 5 years.
Sold Out: Ameriprise Financial Inc. (AMP)
Dodge & Cox sold out their holdings in Ameriprise Financial Inc.. Their sale prices were between $35.99 and $49.05, with an estimated average price of $42.94.AMERIPRISE FINANCIAL, INC. is a financial planning and services company with financial advisors and registered representatives that provides solutions for clients' asset accumulation, income management and insurance protection needs. Ameriprise Financial Inc. has a market cap of $11.11 billion; its shares were traded at around $43.13 with a P/E ratio of 11.2 and P/S ratio of 1.4. The dividend yield of Ameriprise Financial Inc. stocks is 1.67%.
Sold Out: Aon (AON)
Dodge & Cox sold out their holdings in Aon. Their sale prices were between $37.72 and $44.26, with an estimated average price of $41.04.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 $9.94 billion; its shares were traded at around $36.91 with a P/E ratio of 11.39 and P/S ratio of 1.31. The dividend yield of Aon stocks is 1.63%. Aon had an annual average earning growth of 2.7% over the past 10 years.
Sold Out: Apollo Group Inc. (APOL)
Dodge & Cox sold out their holdings in Apollo Group Inc.. Their sale prices were between $43.13 and $65.74, with an estimated average price of $55.58.Apollo Group, Inc. has been providing higher education to working adults for over 25 years. Apollo Group Inc. has a market cap of $5.99 billion; its shares were traded at around $40.72 with a P/E ratio of 7.97 and P/S ratio of 1.51. Apollo Group Inc. had an annual average earning growth of 26.4% over the past 10 years. GuruFocus rated Apollo Group Inc. the business predictability rank of 4-star.
Sold Out: Avon Products Inc. (AVP)
Dodge & Cox sold out their holdings in Avon Products Inc.. Their sale prices were between $25.73 and $34.76, with an estimated average price of $29.73.Avon Products, Inc. is one of the world's manufacturers and marketers of beauty and related products, which include cosmetics, fragrance and toiletries; beauty plus which consists of jewelry and accessories and apparel; and non-core which consists of gift and decorative and home entertainment products. Avon Products Inc. has a market cap of $12.42 billion; its shares were traded at around $29 with a P/E ratio of 15.1 and P/S ratio of 1.2. The dividend yield of Avon Products Inc. stocks is 3.03%. Avon Products Inc. had an annual average earning growth of 4.2% over the past 10 years. GuruFocus rated Avon Products Inc. the business predictability rank of 2.5-star.
Sold Out: Firstenergy Corp. (FE)
Dodge & Cox sold out their holdings in Firstenergy Corp.. Their sale prices were between $34.03 and $39.87, with an estimated average price of $36.85.FirstEnergy Corp. is a diversified energy services holding company as the result of the merger of Ohio Edison Company and Centerior Energy Corporation. Firstenergy Corp. has a market cap of $10.93 billion; its shares were traded at around $35.84 with a P/E ratio of 10.21 and P/S ratio of 0.84. The dividend yield of Firstenergy Corp. stocks is 6.14%. Firstenergy Corp. had an annual average earning growth of 3.9% over the past 10 years.
Sold Out: Petroleo Brasileiro S.a.petrobras (PBR)
Dodge & Cox sold out their holdings in Petroleo Brasileiro S.a.petrobras. Their sale prices were between $32.88 and $46.35, with an estimated average price of $39.05.PETROBRAS-ADR C is an integrated company operating in exploration, production, refining, retailing and transportation of petroleum and its byproducts at home and abroad. Petroleo Brasileiro S.a.petrobras has a market cap of $87.31 billion; its shares were traded at around $34.42 with a P/E ratio of 8.65 and P/S ratio of 0.94. The dividend yield of Petroleo Brasileiro S.a.petrobras stocks is 0.43%. Petroleo Brasileiro S.a.petrobras had an annual average earning growth of 22.7% over the past 10 years. GuruFocus rated Petroleo Brasileiro S.a.petrobras the business predictability rank of 4-star.
Sold Out: Encana Corp. (ECA)
Dodge & Cox sold out their holdings in Encana Corp.. Their sale prices were between $29.26 and $34.73, with an estimated average price of $32.12.EnCana Corporation is one of the world's largest independent natural gas producers and gas storage operators. Encana Corp. has a market cap of $20.37 billion; its shares were traded at around $27.7 with a P/E ratio of 12.59 and P/S ratio of 1.83. The dividend yield of Encana Corp. stocks is 2.89%. Encana Corp. had an annual average earning growth of 20.7% over the past 10 years.
Sold Out: Moody's Corp. (MCO)
Dodge & Cox sold out their holdings in Moody's Corp.. Their sale prices were between $18.75 and $29.65, with an estimated average price of $23.21.Moody's Corporation is the parent company of Moody's Investors Service, a provider of credit ratings, research and analysis covering debt instruments and securities in the global capital markets, Moody's KMV, a provider of credit risk processing and credit risk management products for banks and investors in credit-sensitive assets serving the world's largest financial institutions, Moody's Economy. Moody's Corp. has a market cap of $5.15 billion; its shares were traded at around $21.71 with a P/E ratio of 11.99 and P/S ratio of 2.86. The dividend yield of Moody's Corp. stocks is 1.93%. Moody's Corp. had an annual average earning growth of 15.7% over the past 10 years. GuruFocus rated Moody's Corp. the business predictability rank of 2.5-star.
Sold Out: Masco Corp. (MAS)
Dodge & Cox sold out their holdings in Masco Corp.. Their sale prices were between $11.26 and $18.35, with an estimated average price of $14.43.Masco Corporation is the country's manufacturer of home improvement and building products that bring the highest quality and value to your home and family. Masco Corp. has a market cap of $3.79 billion; its shares were traded at around $10.56 with a P/E ratio of 35.2 and P/S ratio of 0.49. The dividend yield of Masco Corp. stocks is 2.84%.
Sold Out: The Gap Inc. (GPS)
Dodge & Cox sold out their holdings in The Gap Inc.. Their sale prices were between $19.55 and $26.21, with an estimated average price of $22.98.The Gap, Inc. is a global specialty retailer which operates stores selling casual apparel, personal care and other accessories for men, women and children under the Gap, Banana Republic and Old Navy brands. The Gap Inc. has a market cap of $11.27 billion; its shares were traded at around $17.32 with a P/E ratio of 9.84 and P/S ratio of 0.79. The dividend yield of The Gap Inc. stocks is 2.31%. The Gap Inc. had an annual average earning growth of 10.7% over the past 10 years. GuruFocus rated The Gap Inc. the business predictability rank of 2-star.
Sold Out: Verizon Communications Inc. (VZ)
Dodge & Cox sold out their holdings in Verizon Communications Inc.. Their sale prices were between $26.93 and $31.46, with an estimated average price of $28.79.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 $83.02 billion; its shares were traded at around $29.37 with a P/E ratio of 12.88 and P/S ratio of 0.77. The dividend yield of Verizon Communications Inc. stocks is 6.47%. Verizon Communications Inc. had an annual average earning growth of 2.3% over the past 10 years.
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