Salem Capital Management Inc Buys Truist Financial Corp, Sells Royal Philips NV, NCR Corp, Cintas Corp

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Apr 14, 2020
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Woburn, MA, based Investment company Salem Capital Management Inc (Current Portfolio) buys Truist Financial Corp, sells Royal Philips NV, NCR Corp, Cintas Corp, Marathon Oil Corp, Southern Co during the 3-months ended 2020Q1, according to the most recent filings of the investment company, Salem Capital Management Inc. As of 2020Q1, Salem Capital Management Inc owns 60 stocks with a total value of $119 million. These are the details of the buys and sells.

For the details of SALEM CAPITAL MANAGEMENT INC's stock buys and sells, go to https://www.gurufocus.com/guru/salem+capital+management+inc/current-portfolio/portfolio

These are the top 5 holdings of SALEM CAPITAL MANAGEMENT INC
  1. Microsoft Corp (MSFT) - 59,509 shares, 7.87% of the total portfolio. Shares reduced by 7.89%
  2. Intel Corp (INTC) - 134,332 shares, 6.10% of the total portfolio. Shares reduced by 11.58%
  3. Merck & Co Inc (MRK) - 85,592 shares, 5.52% of the total portfolio. Shares reduced by 7.31%
  4. Cisco Systems Inc (CSCO) - 155,700 shares, 5.13% of the total portfolio. Shares reduced by 9.03%
  5. Honeywell International Inc (HON) - 43,834 shares, 4.92% of the total portfolio. Shares reduced by 11.86%
New Purchase: Truist Financial Corp (TFC)

Salem Capital Management Inc initiated holding in Truist Financial Corp. The purchase prices were between $25.69 and $56.67, with an estimated average price of $47.68. The stock is now traded at around $33.26. The impact to a portfolio due to this purchase was 1.58%. The holding were 60,975 shares as of .

Sold Out: Cintas Corp (CTAS)

Salem Capital Management Inc sold out a holding in Cintas Corp. The sale prices were between $157.06 and $304.26, with an estimated average price of $262.42.

Sold Out: Southern Co (SO)

Salem Capital Management Inc sold out a holding in Southern Co. The sale prices were between $43.23 and $70.85, with an estimated average price of $63.5.

Sold Out: ConocoPhillips (COP)

Salem Capital Management Inc sold out a holding in ConocoPhillips. The sale prices were between $22.67 and $66.48, with an estimated average price of $51.43.

Sold Out: Coca-Cola Co (KO)

Salem Capital Management Inc sold out a holding in Coca-Cola Co. The sale prices were between $37.56 and $60.13, with an estimated average price of $54.17.

Sold Out: Dover Corp (DOV)

Salem Capital Management Inc sold out a holding in Dover Corp. The sale prices were between $65.37 and $119.92, with an estimated average price of $106.59.

Sold Out: International Business Machines Corp (IBM)

Salem Capital Management Inc sold out a holding in International Business Machines Corp. The sale prices were between $94.77 and $156.76, with an estimated average price of $132.68.



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