CEO and CIO of Fisher Investments, Ken Fisher, had a pretty busy third quarter. Fisher purchased a total of 47 new stocks. His third quarter portfolio holds 5454 stocks and is valued at over $46.911 billion. The following five stocks represent the five companies where Fisher holds the largest stake in.
Johnson & Johnson (JNJ)
Over the duration of the third quarter Fisher’s largest position was in Johnson & Johnson where he holds on to 10,446,156 shares of the company’s stock. This holding makes up for 2.4% of Fisher’s total portfolio as well as 0.37% of the company’s shares outstanding.
The guru made a minor decrease in his shares during the past quarter. Fisher cut -0.02% of his holdings, selling a total of 2,292 shares of the company’s stock. He sold these shares in the quarterly price range of $99.82 to $108.64, with an estimated average quarterly price of $103.72 per share.
Check out Fisher’s historical holding history:
Johnson & Johnson is engaged in the research and development, manufacture and sale of a range of products in the health care field. It is a holding company, which has more than 275 operating companies conducting business in virtually all countries of the world.
Johnson & Johnson’s historical revenue and net income:
The analysis on Johnson & Johnson reports that the company’s Piotroski F-Score is high, its dividend yield is near a 5-year low and its price is near a 10-year high.
The Peter Lynch Chart suggests that the company is currently overvalued:
Johnson & Johnson has a market cap of $302.75 billion. Its shares are currently trading at around $108.16 with a P/E ratio of 17.90 and a P/S ratio of 4.17. The company’s dividend yield is at 2.51%. The company had an annual average earnings growth of 3.50% over the past ten years.
Apple Inc (AAPL)
The guru’s second largest holding is in Apple where he holds on to 10,741,185 shares of the company’s stock. This position makes up for 2.3% of his total portfolio as well as 0.18% of the company’s shares outstanding.
Over the past quarter Fisher decreased his holdings a minor -0.03% by selling 2,974 shares of the company’s stock. The guru sold these shares near the estimated average quarterly price of $98.21 per share. Since then the price per share is trading up about 14.7%.
Check out Fisher’s historical holding history:
Apple designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players, and sells a variety of related software, services, accessories, networking solutions, and third-party digital content and applications.
Apple’s historical revenue and net income:
The analysis on Apple reports that the company’s operating margin is expanding, its revenue per share has slowed down over the past year and its price is sitting near a 10-year high.
The Peter Lynch Chart suggests that the company is currently overvalued:
Apple has a market cap of $669.65 billion. Its shares are currently trading at around $114.18 per share with a P/E ratio of 17.80 and a P/S ratio of 3.83. The company had an annual average earnings growth of 52.30% over the past ten years.
Wells Fargo & Co. (WFC)
Over the past quarter Fisher’s third largest holding was in Wells Fargo & Co. The guru held on to 18,557,016 shares of the company’s stock, representing 2.1% of his total assets managed and 0.36% of the company’s shares outstanding.
Over the past quarter Fisher upped his holdings a small 0.04% by purchasing 7,278 shares of the company’s stock. He added these shares in the quarterly price range of $49.70 to $53.36 per share, with an estimated average quarterly price of $51.443 per share. Since then the price per share is up approximately 3.8%.
Fisher’s historical holding history:
Wells Fargo is a financial holding company and a bank holding company. The Company provides retail, commercial and corporate banking services through banking stores and offices, the internet and other distribution channels to individuals, businesses and institutions.
Wells Fargo’s historical revenue and net income:
The analysis on Wells Fargo reports that the company’s revenue per share has been in decline over the past five years, its operating margin has been expanding and its dividend yield is near a 3-year high. The analysis also notes that the company’s price is near a 10-year high and over the past three years the company has issued $52.9 billion of debt.
The Peter Lynch Chart suggests that the company is currently undervalued:
Wells Fargo has a market cap of $276.76 billion. Its shares are currently trading at around $53.35 with a P/E ratio of 13.10, a P/S ratio of 3.41 of 3.41 and a P/B ratio of 1.71. The dividend yield of Wells Fargo is at 2.53%, and the company had an annual average earnings growth of 4.60% over the past ten years.
American Express (AXP, Financial)
The guru’s fourth largest position goes to American Express where he holds on to 11,387,462 shares of the company’s stock. This position makes up for 2.1% of his entire portfolio as well as 1.09% of the company’s shares outstanding.
Over the past quarter Fisher increased his holdings 0.05% by purchasing 5,510 shares of the company’s stock. The guru bought these shares at around the estimated average quarterly price of $90.03 per share. Since this buy the price per share is up about 0.7%.
Check out Fisher’s holding history here:
American Express together with its subsidiaries is a service company that provides customers with access to products, insights and experiences that enrich lives and build business success. Its main products and services are charge and credit payment card products and travel-related services offered to consumers and businesses.
American Express’s historical revenue and net income:
The analysis on American Express reports that the company’s price is near a 10-year high, it has shown predictable revenue and earnings growth and its operating margin is expanding.
The Peter Lynch Chart suggests that the company is currently overvalued:
American Express has a market cap of $92.81 billion. Its shares are currently trading at around $90.67 with a P/E ratio of 16.90 and a P/S ratio of 2.85. The company had an annual average earnings growth of 8.7% over the past ten years.
GuruFocus rated American Express the business predictability rank of 3-star.
Pfizer (PFE)
The last in Fisher’s top five is Pfizer where he holds on to 31,702,495 shares of the company’s stock. This holding makes up for 2% of his total holdings as well as 0.50% of the company’s shares outstanding.
Over the past quarter Fisher increased his holdings in Pfizer 0.7% by purchasing a total of 220,006 shares of the company’s stock. The guru bought these shares in the quarterly price range of $28.04 to $30.96 per share, with an estimated average quarterly price of $29.59 per share. Since then the price per share has increased approximately 2.5%.
Fisher’s historical holding history:
Pfizer is a research-based, biopharmaceutical company. The Company applies science and its global resources to bring therapies to people that extend and improve their lives through the discovery, development and manufacture of healthcare products.
Pfizer’s historical revenue and net income:
The analysis on Pfizer reports that the company’s revenue per share has been in decline over the past three years, its operating margin is expanding, its price is near a 10-year high and over the past three years the company has issued $3.7 billion of debt.
The Peter Lynch Chart suggests that the company is currently overvalued:
Pfizer has a market cap of $191.16 billion. Its shares are currently trading at around $30.34 with a P/E ratio of 18.70 and a P/S ratio of 3.92. The dividend yield of Pfizer is at 3.43%, and over the past 10 years the company had an annual average earnings growth of 3.10%.
GuruFocus rated Pfizer the business predictability rank of 3.5-star.
Check out Ken Fisher’s complete third quarter holdings here.
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