Welch & Forbes Llc Buys Chubb, Medtronic PLC, Check Point Software Technologies, Sells Anheuser-Busch InBev SA/NV, CF Industries Holdings Inc, Johnson Controls International PLC

• New Purchases: CB, CHKP, MDT, OZK, BKLN, SIRI, RMR, URI, PHO, SFST,
• Added Positions: CSJ, T, RTN, NWL, SWK, RPM, STZ, VLO, AMP, PFF,
• Reduced Positions: BUD, WFC, PX, CF, NVDA, MSFT, XOM, AAPL, ANSS, CVS,
• Sold Out: JCI, AIG, OIH, HDS, FXI, ED, COG, CBRL, BK, AKAM,

For the details of WELCH & FORBES LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=WELCH+%26+FORBES+LLC

1. Apple Inc (AAPL) - 588,659 shares, 3.17% of the total portfolio. Shares reduced by 1.02%
2. Visa Inc (V) - 827,014 shares, 2.96% of the total portfolio. Shares reduced by 1.09%
3. United Technologies Corp (UTX) - 750,012 shares, 2.5% of the total portfolio. Shares reduced by 0.52%
4. Johnson & Johnson (JNJ) - 750,974 shares, 2.47% of the total portfolio. Shares reduced by 0.27%
5. Microsoft Corp (MSFT) - 877,537 shares, 2.39% of the total portfolio. Shares reduced by 1.83%

Welch & Forbes Llc initiated holding in Chubb Ltd. The purchase prices were between $126.81 and $140.12, with an estimated average price of $135.26. The stock is now traded at around $125.95. The impact to a portfolio due to this purchase was 1.02%. The holding were 320,359 shares as of 2018-09-30.

Welch & Forbes Llc initiated holding in Medtronic PLC. The purchase prices were between $85.91 and $99.17, with an estimated average price of $92.45. The stock is now traded at around $96.62. The impact to a portfolio due to this purchase was 0.28%. The holding were 120,132 shares as of 2018-09-30.

Welch & Forbes Llc initiated holding in Check Point Software Technologies Ltd. The purchase prices were between $99.34 and $120.5, with an estimated average price of $113.43. The stock is now traded at around $111.97. The impact to a portfolio due to this purchase was 0.28%. The holding were 99,239 shares as of 2018-09-30.

Welch & Forbes Llc initiated holding in Bank OZK. The purchase prices were between $37.96 and $46.81, with an estimated average price of $41.11. The stock is now traded at around $36.34. The impact to a portfolio due to this purchase was 0.09%. The holding were 100,309 shares as of 2018-09-30.

Welch & Forbes Llc initiated holding in Invesco Senior Loan. The purchase prices were between $22.92 and $23.19, with an estimated average price of $23.06. The stock is now traded at around $23.19. The impact to a portfolio due to this purchase was 0.06%. The holding were 117,285 shares as of 2018-09-30.

Welch & Forbes Llc initiated holding in White Mountains Insurance Group Ltd. The purchase prices were between $902.72 and $979.01, with an estimated average price of $926.9. The stock is now traded at around $858.00. The impact to a portfolio due to this purchase was 0.01%. The holding were 546 shares as of 2018-09-30.

Welch & Forbes Llc added to a holding in iShares Trust by 91.33%. The purchase prices were between $103.5 and $103.71, with an estimated average price of $103.63. The stock is now traded at around $103.71. The impact to a portfolio due to this purchase was 0.17%. The holding were 293,660 shares as of 2018-09-30.

Welch & Forbes Llc added to a holding in AT&T Inc by 20.53%. The purchase prices were between $30.25 and $33.91, with an estimated average price of $32.43. The stock is now traded at around $32.34. The impact to a portfolio due to this purchase was 0.08%. The holding were 610,733 shares as of 2018-09-30.

Welch & Forbes Llc added to a holding in Newell Brands Inc by 81.64%. The purchase prices were between $20.3 and $27.84, with an estimated average price of $23.49. The stock is now traded at around $17.86. The impact to a portfolio due to this purchase was 0.04%. The holding were 193,256 shares as of 2018-09-30.

Welch & Forbes Llc added to a holding in RPM International Inc by 97.33%. The purchase prices were between $57.96 and $68.05, with an estimated average price of $64.41. The stock is now traded at around $59.60. The impact to a portfolio due to this purchase was 0.03%. The holding were 39,018 shares as of 2018-09-30.

Welch & Forbes Llc added to a holding in Black Stone Minerals LP by 222.16%. The purchase prices were between $17.15 and $19.08, with an estimated average price of $18.2. The stock is now traded at around $17.61. The impact to a portfolio due to this purchase was 0.01%. The holding were 50,598 shares as of 2018-09-30.

Welch & Forbes Llc added to a holding in iShares Intermediate-Term Corporate Bond ETF by 100.00%. The purchase prices were between $52.89 and $106.69, with an estimated average price of $74.51. The stock is now traded at around $52.57. The impact to a portfolio due to this purchase was 0.01%. The holding were 4,400 shares as of 2018-09-30.

Welch & Forbes Llc sold out a holding in Johnson Controls International PLC. The sale prices were between $33.32 and $40.01, with an estimated average price of $36.83.

Welch & Forbes Llc sold out a holding in iShares China Large-Cap. The sale prices were between $40.39 and $44.29, with an estimated average price of $42.33.

Welch & Forbes Llc sold out a holding in VanEck Vectors Oil Services. The sale prices were between $23.2 and $27.1, with an estimated average price of $25.1.

Welch & Forbes Llc sold out a holding in Bank of New York Mellon Corp. The sale prices were between $50.14 and $55.64, with an estimated average price of $52.62.

Welch & Forbes Llc sold out a holding in American International Group Inc. The sale prices were between $52 and $55.56, with an estimated average price of $53.68.

Welch & Forbes Llc sold out a holding in Consolidated Edison Inc. The sale prices were between $74.41 and $81.35, with an estimated average price of $78.8.