The T. Rowe Price Equity Income Fund (PRFDX) bought shares of the following stocks in both the first and second quarters of 2019.
Alaska Air Group Inc. (ALK)
The fund raised its position by 24.73% in the first quarter and 3.96% in the second quarter. The stake has a weight of 0.79% in the portfolio.
With a market cap of $7.76 billion, the company operates airlines across the U.S., Canada and other regions. Its revenue of $8.26 billion has grown 14% on average annually over the last five years.
PRIMECAP Management (Trades, Portfolio) is the largest guru shareholder of the company with 4.89% of outstanding shares, followed by Sarah Ketterer (Trades, Portfolio)’s Causeway Capital Management with 3.52% and T Rowe Price Equity Income Fund (Trades, Portfolio) with 1.92%
American International Group Inc. (AIG)
The investor increased its stake by 9.14% in the first quarter and 1.93% in the second quarter. The position has a weight of 1.76% in the portfolio.
The insurance and financial services firm has a market cap of $48.6 billion. Its revenue of $47 billion has grown 3.5% on average annually over the last five years.
The company's largest guru shareholder is Barrow, Hanley, Mewhinney & Strauss with 2.87% of outstanding shares, followed by Hotchkis & Wiley with 2.76% and First Pacific Advisors (Trades, Portfolio) with 1.77%.
Wells Fargo & Co. (WFC)
The firm increased its holding by 6.34% in the first quarter and 7.05% in the second quarter. The stake has a total weight of 3.63% in the portfolio.
Wells Fargo is one of the largest banks in the U.S. It has a market cap of $205 billion. Its revenue of $86 billion has grown 3.6% on average annually over the last five years.
Warren Buffett (Trades, Portfolio)’s Berkshire Hathaway is the largest guru shareholder of the company with 9.12% of outstanding shares, followed by Dodge & Cox with 1.82% and PRIMECAP Management (Trades, Portfolio) with 1.02%.
Total SA (TOT)
In the first quarter, the guru increased the holding by 1.51% and 3.38% in the second quarter. The stake has a weight of 2.24% in the portfolio.
The oil and gas company has a market cap of $140 billion. Its revenue of $184 billion has decreased 6% on average annually over the last five years.
The largest guru shareholder of the company is Ken Fisher (Trades, Portfolio) with 0.69% of outstanding shares followed by T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.29% and Pioneer Investments (Trades, Portfolio) with 0.05%.
Morgan Stanley (MS)
The investor increased the position by 2.92% in the first quarter and 0.9% in the second quarter. The stake has a weight of 1.79% in the portfolio.
The global investment bank has a market cap of $73.83 billion. Its revenue of $36 billion has grown 6.40% on average annually over the last five years.
The largest shareholder of guru is Jeff Ubben (Trades, Portfolio)’s ValueAct Holdings with 1.56% of outstanding shares followed by Richard Pzena (Trades, Portfolio) with 0.53% and T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.46%.
United Parcel Service Inc. (UPS)
The investor increased its position by 0.42% in the first quarter and 3.31% in the second quarter. The stake has a weight of 1.34% in the portfolio.
The parcel delivery company has a market cap of $89.53 billion. Its revenue of $71 billion has grown 7% on average annually over the last five years.
The largest guru shareholder of the company is Bill Gates' (Trades, Portfolio) foundation with 0.53% of outstanding shares followed by Primecap Management (Trades, Portfolio) with 0.42% and Pioneer Investments (Trades, Portfolio) with 0.35%.
Philip Morris International Inc. (PM)
The firm increased its position by 3.67% in the first quarter and 2.58% in the second quarter. The stake has a weight of 1.30% in the portfolio.
The tobacco company has a market cap of $135 billion. Its revenue of $29 billion has declined 0.40% on average annually over the last five years.
The largest shareholder of guru is Barrow, Hanley, Mewhinney & Strauss with 0.82% of outstanding shares followed by First Eagle Investment (Trades, Portfolio) with 0.76% and Tom Russo (Trades, Portfolio) with 0.62%.
Disclosure: I do not own any stocks mentioned.
Read more here:Â
The Parnassus Fund Exits Mattel, Sells AlphabetÂ
The Yacktman Focused Fund Sells PepsiCoÂ
The Yacktman Fund Sells Procter & GambleÂ
Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here.
