Saratoga Research & Investment Management Buys The Walt Disney Co, Visa Inc, Amgen Inc, Sells Microsoft Corp, Omnicom Group Inc

• New Purchases: ENB, NGG,
• Added Positions: DIS, BRK.B, UTX, IBM, AAPL, NVO, CTSH, BIIB, GOOGL, SBUX, CHRW, NKE, PEP, CSCO, WMT, ORCL, RBGLY, EXPD, V, AMGN, BEN, DEO, GOOG,
• Reduced Positions: MSFT, ACN, KO, VAR, PG, BDX, PAYX, PFE,
• Sold Out: OMC,

For the details of Saratoga Research & Investment Management's stock buys and sells, go to https://www.gurufocus.com/guru/saratoga+research+%26+investment+management/current-portfolio/portfolio

1. Apple Inc (AAPL) - 586,753 shares, 7.61% of the total portfolio. Shares added by 5.57%
2. United Technologies Corp (UTX) - 725,580 shares, 6.39% of the total portfolio. Shares added by 8.49%
3. Berkshire Hathaway Inc (BRK.B) - 452,190 shares, 6.20% of the total portfolio. Shares added by 13.93%
4. Oracle Corp (ORCL) - 1,628,342 shares, 5.97% of the total portfolio. Shares added by 1.32%
5. Cisco Systems Inc (CSCO) - 1,570,643 shares, 5.79% of the total portfolio. Shares added by 2.00%

Saratoga Research & Investment Management initiated holding in Enbridge Inc. The purchase prices were between $31.08 and $37.63, with an estimated average price of $35.96. The stock is now traded at around $37.03. The impact to a portfolio due to this purchase was 0.01%. The holding were 5,739 shares as of .

Saratoga Research & Investment Management initiated holding in National Grid PLC. The purchase prices were between $47.98 and $58.93, with an estimated average price of $54.58. The stock is now traded at around $53.37. The impact to a portfolio due to this purchase was 0.01%. The holding were 3,782 shares as of .

Saratoga Research & Investment Management added to a holding in The Walt Disney Co by 60.61%. The purchase prices were between $106.33 and $115.25, with an estimated average price of $111.74. The stock is now traded at around $132.18. The impact to a portfolio due to this purchase was 1.86%. The holding were 648,732 shares as of .

Saratoga Research & Investment Management added to a holding in Visa Inc by 69.31%. The purchase prices were between $128.13 and $156.19, with an estimated average price of $143.85. The stock is now traded at around $159.89. The impact to a portfolio due to this purchase was 0.05%. The holding were 10,580 shares as of .

Saratoga Research & Investment Management added to a holding in Amgen Inc by 24.66%. The purchase prices were between $180.87 and $203.88, with an estimated average price of $191.19. The stock is now traded at around $178.09. The impact to a portfolio due to this purchase was 0.03%. The holding were 13,143 shares as of .

Saratoga Research & Investment Management added to a holding in Franklin Resources Inc by 105.48%. The purchase prices were between $29.09 and $33.7, with an estimated average price of $31.56. The stock is now traded at around $35.50. The impact to a portfolio due to this purchase was 0.02%. The holding were 18,925 shares as of .

Saratoga Research & Investment Management added to a holding in Alphabet Inc by 24.91%. The purchase prices were between $1016.06 and $1231.54, with an estimated average price of $1120.29. The stock is now traded at around $1237.12. The impact to a portfolio due to this purchase was 0.01%. The holding were 336 shares as of .

Saratoga Research & Investment Management sold out a holding in Omnicom Group Inc. The sale prices were between $71.57 and $78.36, with an estimated average price of $75.08.