Robert Olstein (Trades, Portfolio)’s first-quarter portfolio update showed seven new stocks among 98 total holdings.
The Olstein Funds looks for companies with profuse cash flow and those where a temporary negative event has opened a low-priced entry point.
Twenty-six percent of Olstein’s stocks are consumer cyclicals, 24% are Industrials and 18% are financial services, with smaller positioning across other sectors.
The portfolio’s largest new first-quarter positions are: WestRock Co. (WRK, Financial), Walt Disney Co. (DIS, Financial), Zoetis Inc. (ZTS, Financial), Michael Kors Holdings Ltd. (KORS, Financial) and FTD Companies Inc. (FTD, Financial).
Olstein bought 399,500 shares of the company, a 2.1% portfolio weight. The stock’s first-quarter share price averaged $36.
Westrock Co. has a market cap of $10.55 billion; its shares were traded around $41.57 with and P/S ratio of 0.54. The trailing 12-month dividend yield of Westrock Co. stocks is 3.61%. The forward dividend yield of Westrock Co. stocks is 3.73%. Westrock Co. had an annual average earnings growth of 16.4% over the past 10 years. GuruFocus rated Westrock Co. the business predictability rank of 4-star.
Walt Disney Co. (DIS, Financial)
Olstein bought 51,000 shares of the company, a 0.7% portfolio weight. The stock’s first-quarter share price averaged $97.
Walt Disney Co. has a market cap of $171.87 billion; its shares were traded around $105.34 with a P/E ratio of 19.67 and P/S ratio of 3.26. The trailing 12-month dividend yield of Walt Disney Co. stocks is 1.31%. The forward dividend yield of Walt Disney Co. stocks is 1.35%. Walt Disney Co had an annual average earnings growth of 10.9% over the past 10 years. GuruFocus rated Walt Disney Co. the business predictability rank of 4-star.
Olstein purchased 82,000 shares of the company, a 0.5% portfolio weight. The stock’s first-quarter share price averaged $43.
Zoetis Inc. has a market cap of $23.61 billion; its shares were traded around $47.50 with a P/E ratio of 62.51 and P/S ratio of 5.01. The trailing 12-month dividend yield of Zoetis Inc. stocks is 0.76%. The forward dividend yield of Zoetis Inc. stocks is 0.79%. Zoetis Inc. had an annual average earnings growth of 16.8% over the past five years.
Michael Kors Holdings Ltd. (KORS, Financial)
Olstein purchased 43,000 shares of the company, a 0.3% portfolio weight. The stock’s first-quarter share price averaged $49.
Michael Kors Holdings Ltd. has a market cap of $9.09 billion; its shares were traded around $50.68 with a P/E ratio of 11.60 and P/S ratio of 2.15. Michael Kors Holdings Ltd. had an annual average earnings growth of 77.2% over the past five years.
FTD Companies Inc. (FTD, Financial)
Olstein purchased 91,900 shares of the company, a 0.3% portfolio weight. The stock’s first-quarter share price averaged $24.
FTD Companies Inc. has a market cap of $711.71 million; its shares were traded around $25.68 with and P/S ratio of 0.63.
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