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Holly LaFon
Holly LaFon
Articles (9487)  | Author's Website |

Wallace Weitz's Firm Starts Positions in 6 Stocks in 4th Quarter

Value investor has Berkshire Hathaway as its largest holding

Wally Weitz, founder of Weitz Investment Management, disclosed this week that six positions were added to his portfolios during the fourth quarter.

Weitz is widely followed due to his research-intensive approach to value investing. When stocks meet his criteria for business fundamentals, he then waits for at least a 30% discount to his assessment of base-case value to buy. Learn more about his investment philosophy in his interview with GuruFocus here.

At fourth quarter-end, his firm-wide portfolios listed 79 stocks, with a value of $2.15 billion. The firm, which manages $4 billion, is most bullish on the financial services sector, which encompass 29% of holdings, followed by the technology space, which occupies 21.13%. It has anchored its largest positions in Berkshire Hathaway B-shares (NYSE:BRK.B), Berkshire Hathaway A-shares (NYSE:BRK.A) and Liberty Broadband Corp. (NASDAQ:LBRDK).

The six stocks added to portfolios during the fourth quarter were: Black Knight Inc. (NYSE:BKI), Analog Devices Inc. (NASDAQ:ADI), Stanley Black & Decker Inc. (NYSE:SWK), Gardner Denver Holdings Inc. (NYSE:GDI), Myers Industries Inc. (NYSE:MYE) and DowDuPont Inc. (NYSE:DWDP).

Black Knight Inc. (NYSE:BKI)

The fund purchased 702,100 shares of Black Knight Inc., giving it 1.47% portfolio weight. The stock’s fourth-quarter share price averaged $47.

Black Knight Inc. has a market cap of $11.96 billion; its shares were traded around $51.07 Tuesday with a price-earnings ratio of 28.26 and price-sales ratio of 6.94.

Analog Devices Inc. (NASDAQ:ADI)

The firm purchased 20,756 shares of Analog Devices, giving it 0.97% portfolio weight. The stock’s fourth-quarter share price averaged $86.

Analog Devices Inc. has a market cap of $38.43 billion; its shares were traded around $104.06 Tuesday with a price-earnings ratio of 26.21 and price-sales ratio of 6.28. The trailing 12-month dividend yield of Analog Devices Inc. is 1.86%. The forward dividend yield of Analog Devices Inc. is 1.89%. Analog Devices Inc. had an annual average earnings growth of 9.30% over the past 10 years. GuruFocus rated Analog Devices Inc. the business predictability rank of 2-star.

Stanley Black & Decker Inc. (NYSE:SWK)

The firm purchased 14,201 shares of Stanley Black & Decker Inc., giving it 0.66% portfolio weight. The stock’s fourth-quarter share price averaged $124.

Stanley Black & Decker Inc. has a market cap of $19.99 billion; its shares were traded around $132.31 Tuesday with a price-earnings ratio of 31.21 and price-sales ratio of 1.45. The trailing 12-month dividend yield of Stanley Black & Decker Inc stocks is 1.94%. The forward dividend yield of Stanley Black & Decker Inc stocks is 2.06%. Stanley Black & Decker Inc had an annual average earnings growth of 10.40% over the past 10 years. GuruFocus rated Stanley Black & Decker Inc the business predictability rank of 3-star.

Gardner Denver Holdings Inc. (NYSE:GDI)

The firm purchased 200,000 shares of Gardner Denver Holdings, giving it 0.19% of the portfolio. The stock’s fourth-quarter share price averaged $24.

Gardner Denver Holdings Inc. has a market cap of $4.9 billion; its shares were traded around $24.63 Tuesday with a price-earnings ratio of 14.93 and price-sales ratio of 1.97.

Myers Industries Inc. (NYSE:MYE)

The firm purchased 140,000 shares of Myers Industries, giving it 0.10% portfolio weight. The stock’s fourth-quarter share price averaged $16.

Myers Industries Inc. has a market cap of $592.140 million; its shares were traded around $16.75 Tuesday with a price-sales ratio of 0.97. The trailing 12-month dividend yield of Myers Industries Inc. is 3.24%. The forward dividend yield of Myers Industries Inc. is 3.29%.

DowDuPont Inc. (NYSE:DWDP)

The firm purchased only 117 shares of DowDuPont, which traded in the fourth quarter at an average price of $56.

DowDuPont Inc. has a market cap of $121.07 billion; its shares were traded around $53.36 Tuesday with a pice-earnings ratio of 32.36 and price-sales ratio of 1.46. The trailing 12-month dividend yield of DowDuPont Inc. is 2.84%. The forward dividend yield of DowDuPont Inc. is 2.92%. DowDuPont Inc. had annual average earnings growth of 1.80% over the past 10 years.

See Wallace Weitz (Trades, Portfolio)’s portfolio here.

Read more here: 

Dan Loeb Buys Cigna and Sells Alibaba, Microsoft, Netflix

5 Stocks Warren Buffett Keeps Buying

Tweedy Browne Buys Goldman Sachs, Boosts Berkshire Hathaway in 4th Quarter

About the author:

Holly LaFon
I'm a financial journalist with a Master of Science in journalism from Medill at Northwestern University.

Visit Holly LaFon's Website


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