Welch & Forbes Llc Buys Arthur J. Gallagher, Watsco Inc, Valero Energy Corp, Sells CVS Health Corp, Allergan PLC, Celgene Corp

• New Purchases: SDY, CSL, TWTR, BX, LDOS, YUM, MAN, ITT, HAE, AEP,
• Added Positions: AJG, WSO, VLO, IDXX, ADBE, PFF, AMZN, JPM, BMY, MDT, VEU, NKE, HPT, TMO, BKNG, AWK, BLL, BAC, CMCSA, LQD, EMLP, SU, FTSM, TD, RPM, JWN, VSS, MDY, NWL, CTAS, CHD, ACN, STZ, EOG, CHKP, AXP, LANC, LECO, CAH, AMG, IJK, VIG, ALL, IVV, IWM, LMT, AGG, LNC, ORCL, PNC, RDS.A, HIG, FAST, UN, D, SHOP, XLK,
• Reduced Positions: COF, MMM, STT, V, AAPL, CVS, INTC, MSFT, ORLY, EXPD, XOM, RTN, SLB, GILD, HD, UTX, AGN, WFC, ABBV, BDX, CELG, DHR, IBM, IRM, PAYX, PG, SYK, GOOG, ABT, APD, BRK.B, KMX, KO, COST, ECL, GE, MTD, NVS, ROP, USB, KYN, BUD, APY, VEA, VOO, APC, BBT, BIIB, CVX, CSCO, CGNX, CMI, DOV, DUK, EW, GOOGL, HAIN, MAS, MRK, NVDA, NOV, OMC, PFE, SRCL, TJX, TXN, TIF, UNP, UPS, FB, ICLR, VSM, BSV, DVY, FTSL, SPY, MO, ADI, BP, BNS, OZK, GOLD, BA, CPB, CAT, CI, COP, CPRT, XRAY, DE, EV, HPQ, HON, ITW, JKHY, JW.A, K, KMB, LOW, MMC, MET, MCO, MORN, NFLX, ES, NOC, PEG, QCOM, CRM, SHW, SO, STI, TSCO, WAB, WBA, WTS, WTM, ZBH, MA, PM, MPC, PSX, BABA, HPE, DOW, BKLN, IGSB, DXJ, EEM, EFA, EWJ, IJR, IWO, MOAT, TIP, USMV, VGK, VWO,
• Sold Out: CTSH, BMS, IWP, GXC, WY, NBN, XLP, GPC, FDX, DXC, IBN,

For the details of WELCH & FORBES LLC's stock buys and sells, go to https://www.gurufocus.com/guru/welch+%26+forbes+llc/current-portfolio/portfolioportfolio

1. Visa Inc (V) - 777,184 shares, 3.28% of the total portfolio. Shares reduced by 2.13%
2. Microsoft Corp (MSFT) - 894,473 shares, 2.92% of the total portfolio. Shares reduced by 2.24%
3. Stryker Corp (SYK) - 532,398 shares, 2.67% of the total portfolio. Shares reduced by 1.19%
4. Apple Inc (AAPL) - 550,489 shares, 2.65% of the total portfolio. Shares reduced by 2.1%
5. Johnson & Johnson (JNJ) - 739,601 shares, 2.51% of the total portfolio. Shares reduced by 0.24%

Welch & Forbes Llc initiated holding in SPDR S&P Dividend. The purchase prices were between $95.87 and $102.01, with an estimated average price of $99.98. The stock is now traded at around $102.25. The impact to a portfolio due to this purchase was 0.06%. The holding were 22,548 shares as of .

Welch & Forbes Llc initiated holding in Carlisle Companies Inc. The purchase prices were between $124.09 and $141.42, with an estimated average price of $134.43. The stock is now traded at around $135.38. The impact to a portfolio due to this purchase was 0.02%. The holding were 6,135 shares as of .

Welch & Forbes Llc initiated holding in Leidos Holdings Inc. The purchase prices were between $63.64 and $79.85, with an estimated average price of $72.95. The stock is now traded at around $82.43. The impact to a portfolio due to this purchase was 0.01%. The holding were 3,000 shares as of .

Welch & Forbes Llc initiated holding in American Electric Power Co Inc. The purchase prices were between $82.62 and $91.55, with an estimated average price of $86.18. The stock is now traded at around $90.25. The impact to a portfolio due to this purchase was 0.01%. The holding were 3,334 shares as of .

Welch & Forbes Llc initiated holding in ITT Inc. The purchase prices were between $57.62 and $65.48, with an estimated average price of $61.06. The stock is now traded at around $65.01. The impact to a portfolio due to this purchase was 0.01%. The holding were 3,400 shares as of .

Welch & Forbes Llc initiated holding in Yum Brands Inc. The purchase prices were between $99.48 and $110.67, with an estimated average price of $103.8. The stock is now traded at around $111.05. The impact to a portfolio due to this purchase was 0.01%. The holding were 2,425 shares as of .

Welch & Forbes Llc added to a holding in Arthur J. Gallagher & Co by 439.22%. The purchase prices were between $77.96 and $87.82, with an estimated average price of $83.4. The stock is now traded at around $91.83. The impact to a portfolio due to this purchase was 0.13%. The holding were 76,909 shares as of .

Welch & Forbes Llc added to a holding in Valero Energy Corp by 26.03%. The purchase prices were between $70.4 and $91.15, with an estimated average price of $82.55. The stock is now traded at around $84.75. The impact to a portfolio due to this purchase was 0.08%. The holding were 180,928 shares as of .

Welch & Forbes Llc added to a holding in Watsco Inc by 44.91%. The purchase prices were between $142.5 and $167.72, with an estimated average price of $156.98. The stock is now traded at around $164.84. The impact to a portfolio due to this purchase was 0.08%. The holding were 66,655 shares as of .

Welch & Forbes Llc added to a holding in Vanguard FTSE All World Ex US by 21.76%. The purchase prices were between $48.72 and $51.74, with an estimated average price of $50.46. The stock is now traded at around $51.11. The impact to a portfolio due to this purchase was 0.03%. The holding were 112,118 shares as of .

Welch & Forbes Llc added to a holding in Nike Inc by 100.89%. The purchase prices were between $77.14 and $89.2, with an estimated average price of $84.21. The stock is now traded at around $89.12. The impact to a portfolio due to this purchase was 0.03%. The holding were 22,311 shares as of .

Welch & Forbes Llc added to a holding in American Water Works Co Inc by 92.95%. The purchase prices were between $102.28 and $118.4, with an estimated average price of $110.33. The stock is now traded at around $116.63. The impact to a portfolio due to this purchase was 0.02%. The holding were 14,965 shares as of .

Welch & Forbes Llc sold out a holding in Cognizant Technology Solutions Corp. The sale prices were between $56.88 and $74.6, with an estimated average price of $65.64.

Welch & Forbes Llc sold out a holding in Weyerhaeuser Co. The sale prices were between $22.52 and $27.39, with an estimated average price of $25.39.

Welch & Forbes Llc sold out a holding in Genuine Parts Co. The sale prices were between $96.42 and $115.14, with an estimated average price of $103.53.

Welch & Forbes Llc sold out a holding in Bemis Co Inc. The sale prices were between $55.12 and $59.53, with an estimated average price of $57.03.

Welch & Forbes Llc sold out a holding in iShares Russell Midcap Growth. The sale prices were between $132.45 and $143.57, with an estimated average price of $138.91.

Welch & Forbes Llc sold out a holding in SPDR Select Sector Fund - Consumer Staples. The sale prices were between $55.19 and $59.36, with an estimated average price of $57.25.

Welch & Forbes Llc reduced to a holding in CVS Health Corp by 24.39%. The sale prices were between $52.13 and $57.33, with an estimated average price of $53.82. The stock is now traded at around $57.55. The impact to a portfolio due to this sale was -0.06%. Welch & Forbes Llc still held 130,161 shares as of .

Welch & Forbes Llc reduced to a holding in Allergan PLC by 73.65%. The sale prices were between $115.73 and $167.43, with an estimated average price of $138.45. The stock is now traded at around $165.85. The impact to a portfolio due to this sale was -0.04%. Welch & Forbes Llc still held 4,528 shares as of .

Welch & Forbes Llc reduced to a holding in Celgene Corp by 36.78%. The sale prices were between $92.35 and $98.91, with an estimated average price of $94.95. The stock is now traded at around $91.93. The impact to a portfolio due to this sale was -0.03%. Welch & Forbes Llc still held 20,607 shares as of .

Welch & Forbes Llc reduced to a holding in Apergy Corp by 29.68%. The sale prices were between $30.6 and $43, with an estimated average price of $36.29. The stock is now traded at around $31.79. The impact to a portfolio due to this sale was -0.02%. Welch & Forbes Llc still held 50,483 shares as of .

Welch & Forbes Llc reduced to a holding in Vanguard S&P 500 by 42.68%. The sale prices were between $252.12 and $271.73, with an estimated average price of $264.51. The stock is now traded at around $276.11. The impact to a portfolio due to this sale was -0.02%. Welch & Forbes Llc still held 4,700 shares as of .

Welch & Forbes Llc reduced to a holding in Versum Materials Inc by 55.5%. The sale prices were between $50.37 and $52.28, with an estimated average price of $51.6. The stock is now traded at around $51.78. The impact to a portfolio due to this sale was -0.01%. Welch & Forbes Llc still held 4,231 shares as of .