Ramsay, Stattman, Vela & Price, Inc. Buys Cisco Systems Inc, Chevron Corp, Royal Dutch Shell PLC, Sells Carnival Corp, Caterpillar Inc

• Added Positions: CSCO, ADP, SBUX, FDX, CVX, GOOG, DIS, PEP, BRK.B, SYK, CL, MMM, V, T, DEO, KO, RDS.A, VEA, MKC, IJR, RTX, VWO,
• Reduced Positions: XOM, WFC, AAPL, MSFT, INTC, ITW, EFA, DHR, SPY, IWM, ORCL, IJH, WMT, GE, EMR, EEM, MCD, QQQ,
• Sold Out: CCL, CAT,

For the details of Ramsay, Stattman, Vela & Price, Inc.'s stock buys and sells, go to https://www.gurufocus.com/guru/ramsay%2C+stattman%2C+vela+%26+price%2C+inc./current-portfolio/portfolio

1. Microsoft Corp (MSFT) - 85,698 shares, 5.36% of the total portfolio. Shares reduced by 2.31%
2. Apple Inc (AAPL) - 50,399 shares, 5.08% of the total portfolio. Shares reduced by 2.66%
3. Danaher Corp (DHR) - 78,098 shares, 4.29% of the total portfolio. Shares reduced by 1.12%
4. Becton, Dickinson and Co (BDX) - 44,354 shares, 4.04% of the total portfolio. Shares added by 0.20%
5. Abbott Laboratories (ABT) - 123,004 shares, 3.85% of the total portfolio. Shares reduced by 0.86%

Ramsay, Stattman, Vela & Price, Inc. added to a holding in Cisco Systems Inc by 40.93%. The purchase prices were between $33.2 and $49.93, with an estimated average price of $44.06. The stock is now traded at around $41.11. The impact to a portfolio due to this purchase was 0.34%. The holding were 75,135 shares as of .

Ramsay, Stattman, Vela & Price, Inc. added to a holding in Chevron Corp by 68.11%. The purchase prices were between $54.22 and $121.43, with an estimated average price of $99.58. The stock is now traded at around $90.08. The impact to a portfolio due to this purchase was 0.15%. The holding were 12,617 shares as of .

Ramsay, Stattman, Vela & Price, Inc. added to a holding in Royal Dutch Shell PLC by 35.52%. The purchase prices were between $21.62 and $60.96, with an estimated average price of $47.13. The stock is now traded at around $32.30. The impact to a portfolio due to this purchase was 0.03%. The holding were 8,680 shares as of .

Ramsay, Stattman, Vela & Price, Inc. added to a holding in iShares Core S&P Small-Cap by 24.51%. The purchase prices were between $48.88 and $85.12, with an estimated average price of $74.15. The stock is now traded at around $60.10. The impact to a portfolio due to this purchase was 0.02%. The holding were 5,411 shares as of .

Ramsay, Stattman, Vela & Price, Inc. sold out a holding in Carnival Corp. The sale prices were between $9.3 and $51.9, with an estimated average price of $36.18.

Ramsay, Stattman, Vela & Price, Inc. sold out a holding in Caterpillar Inc. The sale prices were between $91.85 and $150.53, with an estimated average price of $128.51.