During the second quarter, the Tweedy Browne Global Value fund gained four new holdings: Lookers PLC (LSE:LOOK, Financial), S&T Holdings Co. Ltd. (XKRX:036530, Financial), Konishi Co. Ltd. (TSE:4956, Financial) and Nitto Kyogo Corp. (TSE:6651, Financial).
The fund invests in securities of developed markets around the world to achieve long-term growth of capital. The current portfolio is composed of 100 stocks, largely consisting of companies in the financial services and consumer defensive sectors.
Lookers
The fund purchased 6.9 million shares of Lookers for an average price of 1.12 pounds ($1.47) per share, giving it 0.13% portfolio space.
The British auto retailer has a market cap of 434.24 million pounds; its shares were trading around 1.1 pounds on Tuesday with a price-earnings (P/E) ratio of 5.47, a price-book (P/B) ratio of 1.17 and a price-sales (P/S) ratio of 0.11.
The Peter Lynch chart below shows the stock is trading below its fair value.
GuruFocus ranked Lookers’ financial strength 6 of 10 and its profitability and growth 6 of 10. The company’s trailing dividend yield is 3.21% and its forward dividend yield is 3.33%. The dividend payout ratio is 19%.
With 1.76% of outstanding shares, the fund is the only guru invested in Lookers.
S&T Holdings
The fund bought 35,346 shares of S&T Holdings for an average price of 16,092.31 won ($14.07) per share, expanding the portfolio 0.01%.
The South Korean holding company, which produces auto parts and heat exchange equipment, has a market cap of 247.16 billion won; its shares were trading around 15,650 won on Tuesday with a P/E ratio of 33.02, a P/B ratio of 0.41 and a P/S ratio of 0.16.
According to the Peter Lynch chart below, the stock is trading above its fair value.
GuruFocus ranked S&T’s financial strength 8 of 10 and its profitability and growth 5 of 10. The company’s trailing dividend yield and forward dividend yield are both 2.24%. The dividend payout ratio is 74%.
The fund is the only guru invested in the company, holding 0.22% of its outstanding shares.
Konishi
The fund established a 36,000-share position in Konishi for an average price of 1,792.09 yen ($15.91) per share, allocating the position a portfolio weight of 0.01%.
The Japanese manufacturer of specialty chemicals and adhesive products has a market cap of 70.63 billion yen; its shares were trading around 1,939 yen on Tuesday with a P/E ratio of 15.27, a P/B ratio of 1.35 and a P/S ratio of 0.58.
Based on the Peter Lynch chart below, the stock appears to be trading about evenly with its fair value.
GuruFocus ranked Konishi’s financial strength 8 of 10 and its profitability and growth 6 of 10. The company’s trailing dividend yield and forward dividend yield are both 1.28%. The dividend payout ratio is 19%.
The fund is the only guru invested in Konishi, holding 0.1% of its outstanding shares.
Nitto Kyogo
The fund purchased 19,600 shares of Nitto Kyogo for an average price of 1,852.15 yen per share.
The Japanese electronic components manufacturer has a market cap of 79.14 billion yen; its shares were trading around 1,956 yen on Tuesday with a P/E ratio of 19.58, a P/B ratio of 0.97 and a P/S ratio of 0.75.
The Peter Lynch chart below shows the stock is trading above its fair value.
GuruFocus ranked Nitto’s financial strength 9 of 10 and its profitability and growth 6 of 10. The company’s trailing dividend yield and forward dividend yield are both 2.29%. The dividend payout ratio is 50%.
With 0.05% of outstanding shares, the fund is the only guru invested in Nitto Kyogo.
During the quarter, the fund also added to its position in Hang Lung Group Ltd. (HKSE:00010, Financial). It also exited its Hongkong and Shanghai Hotels Ltd. (HKSE:00045) and Lintec Corp. (TSE:7966) holdings.
Disclosure: I do not own any stocks mentioned.
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