The third quarter portfolio update of Brian Rogers, portfolio manager of the T. Rowe Price Equity Income Fund, shows 118 stocks, four of them new. The fund’s total value is $25.9 billion, with a quarter-over-quarter turnover of 2%. The portfolio is currently weighted with top three sectors: financial services at 19.9%, industrials at 15.2% and energy at 15.1%. Guru Brian Rogers has averaged a return of 10.62% over 12 months.
In the third quarter of 2013, Brian Rogers sold out six holdings and reduced five positions. Here’s a look at four of his highest-impact sells, as of the quarter ending Sept. 30, 2013:
SLM Corp. (SLM, Financial): Sold Out
Impacts Portfolio: -0.42%
Up 49% over 12 months, SLM Corp. has a market cap of $11.14 billion; its shares were traded at around $25.55 with a P/E of 8.30. The dividend is 2.30%.
Guru Action: As of Sept. 30, 2013, Brian Rogers sold out his SLM position, unloading 4,579,100 shares at an average price of $24.42, gaining 4.5%, his lowest quarter in the trading history.
Holding for 15 gaining quarters, Rogers made double-digit or triple-digit gains in every quarter. Gains peaked at 296.4% in the second quarter of 2009 when he bought 321,800 shares at an average price of $6.44 per share.
Track historical pricing, revenue and net income:
Bank of New York Mellon Corp. (BK, Financial): Reduced
Impacts Portfolio: -0.38%
Up 25% over 12 months, Bank of New York Mellon Corp.has a market cap of $35.64 billion; its shares were traded at around $30.98 with a P/E of 19.10. The dividend is 1.80%.
Guru Action: As of Sept. 30, 2013, Brian Rogers reduced his position by 94.45%, unloading 3,401,000 shares at an average price of $30.67, gaining 1%.
Across a five-year history, he has averaged a gain of 27% on 5,851,000 shares sold at an average price of $24.33 per share. Selling 5,651,000 shares at an average price of $29.84, Rogers gained 4%.
Track historical pricing, revenue and net income:
Hasbro Inc. (HAS, Financial): Sold Out
Impacts Portfolio: -0.31%
Up 19% over 12 months, Hasbro Inc. has a market cap of $5.99 billion; its shares were traded at around $46.17 with a P/E of 18.80. The dividend is 3.30%.
Guru Action: As of Sept. 30, 2013, Brian Rogers sold out his position after trading for four gaining quarters that peaked at 31.8% when he made his new buy of 2,350,000 shares at an average price of $35.03 per share. In third quarter, Rogers sold 1,750,000 shares at an average price of $46.69, taking a loss of 1.1%.
Track historical pricing, revenue and net income:
WPP PLC (WPP) Trades on LSE UK: Sold Out
Impacts Portfolio: -0.26%
Up 51% over 12 months, WPP PLC, a London-based global communication services and advertising company, has a market cap of £ 17.09 billion (GBP); its shares were traded at around £ 12.81 (GBP) with a P/E of 19.80. The dividend is 2.36%.
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Guru Action: As of Sept. 30, 2013, Brian Rogers sold out his position, unloading 3,781,558 shares at an average price of $12.11, gaining 5.8%.
Holding for four gaining quarters, Rogers’s highest gain was 51.6% when he made a new buy of 5,381,558 shares at an average price of $8.45 per share, in the fourth quarter of 2012.
Track historical pricing, revenue and net income:
Brian Rogers has been the portfolio manager of T. Rowe Price Equity Income Fund (PRFDX) since its inception in 1985.
GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
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In the third quarter of 2013, Brian Rogers sold out six holdings and reduced five positions. Here’s a look at four of his highest-impact sells, as of the quarter ending Sept. 30, 2013:
SLM Corp. (SLM, Financial): Sold Out
Impacts Portfolio: -0.42%
Up 49% over 12 months, SLM Corp. has a market cap of $11.14 billion; its shares were traded at around $25.55 with a P/E of 8.30. The dividend is 2.30%.
Guru Action: As of Sept. 30, 2013, Brian Rogers sold out his SLM position, unloading 4,579,100 shares at an average price of $24.42, gaining 4.5%, his lowest quarter in the trading history.
Holding for 15 gaining quarters, Rogers made double-digit or triple-digit gains in every quarter. Gains peaked at 296.4% in the second quarter of 2009 when he bought 321,800 shares at an average price of $6.44 per share.
Track historical pricing, revenue and net income:
Bank of New York Mellon Corp. (BK, Financial): Reduced
Impacts Portfolio: -0.38%
Up 25% over 12 months, Bank of New York Mellon Corp.has a market cap of $35.64 billion; its shares were traded at around $30.98 with a P/E of 19.10. The dividend is 1.80%.
Guru Action: As of Sept. 30, 2013, Brian Rogers reduced his position by 94.45%, unloading 3,401,000 shares at an average price of $30.67, gaining 1%.
Across a five-year history, he has averaged a gain of 27% on 5,851,000 shares sold at an average price of $24.33 per share. Selling 5,651,000 shares at an average price of $29.84, Rogers gained 4%.
Track historical pricing, revenue and net income:
Hasbro Inc. (HAS, Financial): Sold Out
Impacts Portfolio: -0.31%
Up 19% over 12 months, Hasbro Inc. has a market cap of $5.99 billion; its shares were traded at around $46.17 with a P/E of 18.80. The dividend is 3.30%.
Guru Action: As of Sept. 30, 2013, Brian Rogers sold out his position after trading for four gaining quarters that peaked at 31.8% when he made his new buy of 2,350,000 shares at an average price of $35.03 per share. In third quarter, Rogers sold 1,750,000 shares at an average price of $46.69, taking a loss of 1.1%.
Track historical pricing, revenue and net income:
WPP PLC (WPP) Trades on LSE UK: Sold Out
Impacts Portfolio: -0.26%
Up 51% over 12 months, WPP PLC, a London-based global communication services and advertising company, has a market cap of £ 17.09 billion (GBP); its shares were traded at around £ 12.81 (GBP) with a P/E of 19.80. The dividend is 2.36%.
Try a GuruFocus Premium Membership for a 7-day Free Trial to access more about WPP PLC and other companies around the world.
Guru Action: As of Sept. 30, 2013, Brian Rogers sold out his position, unloading 3,781,558 shares at an average price of $12.11, gaining 5.8%.
Holding for four gaining quarters, Rogers’s highest gain was 51.6% when he made a new buy of 5,381,558 shares at an average price of $8.45 per share, in the fourth quarter of 2012.
Track historical pricing, revenue and net income:
Brian Rogers has been the portfolio manager of T. Rowe Price Equity Income Fund (PRFDX) since its inception in 1985.
GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
If you are not a Premium Member, we invite you for a 7-day Free Trial.
