Davy Asset Management Ltd Buys Taiwan Semiconductor Manufacturing Co, Alphabet Inc, Eastman Chemical Co, Sells General Electric Co, AT&T Inc, Altria Group Inc

• New Purchases: TSM, EMN, CSGP, AXP, EBAY, HOLX, TEL, FB, WPM, K,
• Added Positions: GOOG, BRK.B, NWL, MDT, MDLZ, MKL, CFG, THO, ULTA, SBUX,
• Reduced Positions: MO, MSFT, PEP, XOM, PG, JPM, UPS, GOOGL, PFE, MET,
• Sold Out: GE, T, ICE, NLSN, TEN, EOG, CSCO, CVS, CAH, LH,

For the details of Davy Asset Management Ltd's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Davy+Asset+Management+Ltd

1. Microsoft Corp (MSFT) - 260,500 shares, 6.88% of the total portfolio. Shares reduced by 30.56%
2. JPMorgan Chase & Co (JPM) - 180,591 shares, 5.04% of the total portfolio. Shares reduced by 27.74%
3. Johnson & Johnson (JNJ) - 101,994 shares, 3.32% of the total portfolio. Shares reduced by 25.69%
4. Merck & Co Inc (MRK) - 199,594 shares, 3.25% of the total portfolio. Shares reduced by 25.01%
5. PepsiCo Inc (PEP) - 96,185 shares, 2.81% of the total portfolio. Shares reduced by 40.09%

Davy Asset Management Ltd initiated holding in Taiwan Semiconductor Manufacturing Co Ltd. The purchase prices were between $35.51 and $43.94, with an estimated average price of $39.53. The stock is now traded at around $40.41. The impact to a portfolio due to this purchase was 2.45%. The holding were 250,062 shares as of 2018-06-30.

Davy Asset Management Ltd initiated holding in Eastman Chemical Co. The purchase prices were between $99.13 and $109.97, with an estimated average price of $105.59. The stock is now traded at around $97.31. The impact to a portfolio due to this purchase was 1.55%. The holding were 57,983 shares as of 2018-06-30.

Davy Asset Management Ltd initiated holding in CoStar Group Inc. The purchase prices were between $351.13 and $417.25, with an estimated average price of $384.78. The stock is now traded at around $429.66. The impact to a portfolio due to this purchase was 0.66%. The holding were 5,934 shares as of 2018-06-30.

Davy Asset Management Ltd initiated holding in American Express Co. The purchase prices were between $91 and $102.7, with an estimated average price of $98.26. The stock is now traded at around $102.65. The impact to a portfolio due to this purchase was 0.52%. The holding were 19,956 shares as of 2018-06-30.

Davy Asset Management Ltd initiated holding in eBay Inc. The purchase prices were between $36.14 and $42.2, with an estimated average price of $38.93. The stock is now traded at around $33.77. The impact to a portfolio due to this purchase was 0.5%. The holding were 51,472 shares as of 2018-06-30.

Davy Asset Management Ltd initiated holding in Hologic Inc. The purchase prices were between $36.43 and $40.46, with an estimated average price of $38.47. The stock is now traded at around $38.16. The impact to a portfolio due to this purchase was 0.5%. The holding were 46,616 shares as of 2018-06-30.

Davy Asset Management Ltd added to a holding in Alphabet Inc by 211.66%. The purchase prices were between $1006.47 and $1173.46, with an estimated average price of $1080.62. The stock is now traded at around $1206.49. The impact to a portfolio due to this purchase was 1.71%. The holding were 8,337 shares as of 2018-06-30.

Davy Asset Management Ltd added to a holding in Berkshire Hathaway Inc by 158.82%. The purchase prices were between $184.91 and $201.2, with an estimated average price of $194.98. The stock is now traded at around $207.56. The impact to a portfolio due to this purchase was 0.68%. The holding were 22,000 shares as of 2018-06-30.

Davy Asset Management Ltd added to a holding in Newell Brands Inc by 187.86%. The purchase prices were between $23.12 and $27.74, with an estimated average price of $26.08. The stock is now traded at around $21.31. The impact to a portfolio due to this purchase was 0.59%. The holding were 130,653 shares as of 2018-06-30.

Davy Asset Management Ltd added to a holding in Medtronic PLC by 92.08%. The purchase prices were between $77.48 and $87.83, with an estimated average price of $83.48. The stock is now traded at around $91.10. The impact to a portfolio due to this purchase was 0.52%. The holding were 47,170 shares as of 2018-06-30.

Davy Asset Management Ltd added to a holding in Mondelez International Inc by 105.29%. The purchase prices were between $37.57 and $42.23, with an estimated average price of $40.2. The stock is now traded at around $42.11. The impact to a portfolio due to this purchase was 0.5%. The holding were 88,377 shares as of 2018-06-30.

Davy Asset Management Ltd added to a holding in Markel Corp by 233.33%. The purchase prices were between $1084.35 and $1165.11, with an estimated average price of $1129.89. The stock is now traded at around $1200.50. The impact to a portfolio due to this purchase was 0.41%. The holding were 2,000 shares as of 2018-06-30.

Davy Asset Management Ltd sold out a holding in General Electric Co. The sale prices were between $12.75 and $15.29, with an estimated average price of $13.92.

Davy Asset Management Ltd sold out a holding in AT&T Inc. The sale prices were between $31.4 and $36.14, with an estimated average price of $33.25.

Davy Asset Management Ltd sold out a holding in Nielsen Holdings PLC. The sale prices were between $29.74 and $34.7, with an estimated average price of $31.31.

Davy Asset Management Ltd sold out a holding in Intercontinental Exchange Inc. The sale prices were between $69.82 and $75.98, with an estimated average price of $72.85.

Davy Asset Management Ltd sold out a holding in Tenneco Inc. The sale prices were between $43.96 and $57.82, with an estimated average price of $48.2.

Davy Asset Management Ltd sold out a holding in Cisco Systems Inc. The sale prices were between $40.73 and $46.3, with an estimated average price of $43.71.

Davy Asset Management Ltd reduced to a holding in Altria Group Inc by 52.47%. The sale prices were between $54.52 and $64.54, with an estimated average price of $57.7. The stock is now traded at around $60.83. The impact to a portfolio due to this sale was -1.75%. Davy Asset Management Ltd still held 104,237 shares as of 2018-06-30.

Davy Asset Management Ltd reduced to a holding in Microsoft Corp by 30.56%. The sale prices were between $88.52 and $102.49, with an estimated average price of $96.89. The stock is now traded at around $107.64. The impact to a portfolio due to this sale was -1.6%. Davy Asset Management Ltd still held 260,500 shares as of 2018-06-30.

Davy Asset Management Ltd reduced to a holding in PepsiCo Inc by 40.09%. The sale prices were between $96.16 and $110.57, with an estimated average price of $103.34. The stock is now traded at around $114.25. The impact to a portfolio due to this sale was -1.53%. Davy Asset Management Ltd still held 96,185 shares as of 2018-06-30.