R.m.sincerbeaux Capital Management Llc Buys Wyndham Hotels & Resorts Inc, The Interpublic Group of Inc, AT&T Inc, Sells Chubb, Time Warner Inc, Merck Inc

• New Purchases: WH, IPG, T,
• Added Positions: KMI, WMB, GS, QCOM, IBM, MO, HD, FEZ, V, MSFT,
• Reduced Positions: MMP, MRK, CL, CVX, ADI, CDK, GE, HCP, VNO,
• Sold Out: CB, TWX,

For the details of R.M.SINCERBEAUX CAPITAL MANAGEMENT LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=R.M.SINCERBEAUX+CAPITAL+MANAGEMENT+LLC

1. Visa Inc (V) - 91,400 shares, 10.66% of the total portfolio. Shares added by 1.33%
2. Microsoft Corp (MSFT) - 79,500 shares, 6.9% of the total portfolio. Shares added by 1.66%
3. Automatic Data Processing Inc (ADP) - 52,116 shares, 6.16% of the total portfolio. Shares added by 0.90%
4. Williams Companies Inc (WMB) - 222,850 shares, 5.32% of the total portfolio. Shares added by 15.11%
5. Kinder Morgan Inc (KMI) - 327,084 shares, 5.09% of the total portfolio. Shares added by 17.32%

R.m.sincerbeaux Capital Management Llc initiated holding in Wyndham Hotels & Resorts Inc. The purchase prices were between $57.65 and $66.43, with an estimated average price of $61.16. The stock is now traded at around $58.00. The impact to a portfolio due to this purchase was 1.7%. The holding were 32,760 shares as of 2018-06-30.

R.m.sincerbeaux Capital Management Llc initiated holding in The Interpublic Group of Companies Inc. The purchase prices were between $22.57 and $24.65, with an estimated average price of $23.53. The stock is now traded at around $22.55. The impact to a portfolio due to this purchase was 0.66%. The holding were 31,800 shares as of 2018-06-30.

R.m.sincerbeaux Capital Management Llc initiated holding in AT&T Inc. The purchase prices were between $31.4 and $36.14, with an estimated average price of $33.25. The stock is now traded at around $31.97. The impact to a portfolio due to this purchase was 0.21%. The holding were 7,536 shares as of 2018-06-30.

R.m.sincerbeaux Capital Management Llc added to a holding in SPDR DJ Euro STOXX 50 Etf by 76.51%. The purchase prices were between $37.82 and $42.07, with an estimated average price of $40.62. The stock is now traded at around $40.00. The impact to a portfolio due to this purchase was 0.14%. The holding were 9,708 shares as of 2018-06-30.

R.m.sincerbeaux Capital Management Llc added to a holding in PepsiCo Inc by 22.50%. The purchase prices were between $96.16 and $110.57, with an estimated average price of $103.34. The stock is now traded at around $115.00. The impact to a portfolio due to this purchase was 0.04%. The holding were 2,450 shares as of 2018-06-30.

R.m.sincerbeaux Capital Management Llc sold out a holding in Chubb Ltd. The sale prices were between $124.57 and $138.29, with an estimated average price of $132.91.

R.m.sincerbeaux Capital Management Llc sold out a holding in Time Warner Inc. The sale prices were between $92.18 and $98.77, with an estimated average price of $95.01.