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James Li
James Li
Articles (539)  | Author's Website |

Yacktman Asset Management Buys U-Haul Parent in 1st Quarter

Firm also adds to Proctor & Gamble position

May 09, 2018 | About:

Yacktman Asset Management, founded in 1992 by legendary investor Donald Yacktman (Trades, Portfolio), disclosed on Wednesday the firm established a stake in Amerco Inc. (NASDAQ:UHAL) and expanded its position in Proctor & Gamble Co. (NYSE:PG) during the first quarter.

Managed by Yacktman’s son Stephen, the firm seeks long-term capital appreciation by investing in companies with three key attributes: good business, shareholder-oriented management and low purchase price.

Amerco

Yacktman Asset Management invested in 29,659 shares of Amerco for an average price of $355.47 per share. With this transaction, the firm increased its portfolio 0.11%.

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Amerco provides rental trucks and trailers to “do-it-yourself” household movers through its U-Haul brand. The Reno, Nevada-based company’s profitability ranks 8 out of 10, primarily due to margins and returns outperforming over 82% of global competitors. GuruFocus ranks Amerco’s business predictability five stars out of five as the company has consistent revenue and earnings growth.

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Proctor & Gamble

The firm added 219,593 shares of Proctor & Gamble for an average price of $83.37 per share. The transaction increased the portfolio 0.18%.

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P&G markets products across a wide variety of brands, including Tide, Charmin and Pantene. The company’s profitability ranks a modest 6 out of 10: although the company’s operating margin is near a 10-year high of 21.45%, P&G’s three-year revenue growth rate of -2.50% underperforms 69% of global household products companies.

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See also

Along with Jason Subotky, Stephen Yacktman also manages the Yacktman Fund (Trades, Portfolio) and Yacktman Focused Fund (Trades, Portfolio). You can track the latest guru trades by clicking “Latest Guru Trades” underneath the Gurus tab.

Disclosure: No positions.

About the author:

James Li
I am an editorial assistant and researcher at GuruFocus. I have a Master's in Finance from SMU, and I enjoy writing reports on financial trends and investor portfolios. Follow me on Twitter at @JamesLiGuru!

Visit James Li's Website


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