MERIDIAN INVESTMENT COUNSEL INC. recently filed their 13F report for the fourth quarter of 2022, which ended on 2022-12-31.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
1040 DAVIS STREET SAN LEANDRO, CA 94577
As of the latest 13F report, the guru’s equity portfolio contained 208 stocks valued at a total of $250.00Mil. The top holdings were CVX(4.30%), TSM(3.16%), and AAPL(3.14%).
According to GuruFocus data, these were MERIDIAN INVESTMENT COUNSEL INC.’s top five trades of the quarter.
Alleghany Corp
The guru sold out of their 705-share investment in NYSE:Y. Previously, the stock had a 0.26% weight in the equity portfolio. Shares traded for an average price of $843.86 during the quarter.
On 02/07/2023, Alleghany Corp traded for a price of $847.79 per share and a market cap of $11.41Bil. The stock has returned 27.62% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 7 out of 10.
In terms of valuation, Alleghany Corp has a price-earnings ratio of 33.43, a price-book ratio of 1.44, a price-earnings-to-growth (PEG) ratio of 1.49, a EV-to-Ebitda ratio of 13.62 and a price-sales ratio of 0.99.
The price-to-GF Value ratio is 0.96, earning the stock a GF Value rank of 5.
Starbucks Corp
The guru established a new position worth 5,301 shares in NAS:SBUX, giving the stock a 0.21% weight in the equity portfolio. Shares traded for an average price of $94.37 during the quarter.
On 02/07/2023, Starbucks Corp traded for a price of $105.02 per share and a market cap of $120.70Bil. The stock has returned 12.56% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Starbucks Corp has a price-earnings ratio of 36.59, a price-earnings-to-growth (PEG) ratio of 7.47, a EV-to-Ebitda ratio of 22.33 and a price-sales ratio of 3.67.
The price-to-GF Value ratio is 0.93, earning the stock a GF Value rank of 7.
Lincoln Electric Holdings Inc
The guru established a new position worth 3,356 shares in NAS:LECO, giving the stock a 0.19% weight in the equity portfolio. Shares traded for an average price of $140.26 during the quarter.
On 02/07/2023, Lincoln Electric Holdings Inc traded for a price of $172.5 per share and a market cap of $9.96Bil. The stock has returned 37.95% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Lincoln Electric Holdings Inc has a price-earnings ratio of 23.22, a price-book ratio of 10.77, a price-earnings-to-growth (PEG) ratio of 6.45, a EV-to-Ebitda ratio of 16.88 and a price-sales ratio of 2.77.
The price-to-GF Value ratio is 1.11, earning the stock a GF Value rank of 3.
L3Harris Technologies Inc
During the quarter, MERIDIAN INVESTMENT COUNSEL INC. bought 1,600 shares of NYSE:LHX for a total holding of 7,859. The trade had a 0.13% impact on the equity portfolio. During the quarter, the stock traded for an average price of $225.51.
On 02/07/2023, L3Harris Technologies Inc traded for a price of $212.33 per share and a market cap of $40.43Bil. The stock has returned 1.51% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, L3Harris Technologies Inc has a price-earnings ratio of 36.86, a price-book ratio of 2.21, a price-earnings-to-growth (PEG) ratio of 4.99, a EV-to-Ebitda ratio of 18.66 and a price-sales ratio of 2.46.
The price-to-GF Value ratio is 0.93, earning the stock a GF Value rank of 7.
Dropbox Inc
The guru sold out of their 13,675-share investment in NAS:DBX. Previously, the stock had a 0.13% weight in the equity portfolio. Shares traded for an average price of $22 during the quarter.
On 02/07/2023, Dropbox Inc traded for a price of $23.44 per share and a market cap of $8.50Bil. The stock has returned -3.38% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 4 out of 10.
In terms of valuation, Dropbox Inc has a price-earnings ratio of 25.20, a EV-to-Ebitda ratio of 18.47 and a price-sales ratio of 3.79.
The price-to-GF Value ratio is 0.77, earning the stock a GF Value rank of 9.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
When GuruFocus covers insider information, we only track open market or the private purchase and sale of common stock with the transaction code of P or S. Therefore, all the transactions mentioned in this article are only the ones with transaction code of P or S.
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