T Rowe Price Equity Income Fund is run by the firm’s CIO Brian Rogers. Over the past 10 years, the fund gained 5.1% a year. Mr. Rogers is “reasonably optimistic since we believe in the durability of the markets and the global economy, particularly after a period in which there has been so much stimulation from central banks and governments.” This is Q1 portfolio update of T. Rowe Price Equity Income Fund.
Brian Rogers buys ITT Corp., Comcast Corp., Madison Square Garden Inc., Campbell Soup Company, Monsanto Company, sells Wellpoint Inc., Southwest Airlines Co., Consol Energy Inc., Harman International Industries Inc., Black & Decker Corp. The, Bj Services Company during the 3-months ended 03/31/2010, according to the most recent filings of his investment company, T Rowe Price Equity Income Fund. Brian Rogers owns 124 stocks with a total value of $17.5 billion. These are the details of the buys and sells.
This is the sector weightings of his portfolio:
These are the top 5 holdings of Brian Rogers
Exelon Corporation is a utility holding company. Its subsidiaries are engaged principally in the production, purchase, transmission, distribution and sale of electricity to residential, commercial, industrial and wholesale customers and the distribution and sale of natural gas to residential, commercial and industrial customers. Exelon Corp. has a market cap of $28.13 billion; its shares were traded at around $42.6 with a P/E ratio of 11.2 and P/S ratio of 1.6. The dividend yield of Exelon Corp. stocks is 4.9%. Exelon Corp. had an annual average earning growth of 12.5% over the past 10 years.
Kimberly-Clark Corporation is one of the consumer products companies. Kimberlyclark Corp. has a market cap of $26.19 billion; its shares were traded at around $62.93 with a P/E ratio of 12.9 and P/S ratio of 1.4. The dividend yield of Kimberlyclark Corp. stocks is 4.2%. Kimberlyclark Corp. had an annual average earning growth of 3.4% over the past 10 years. GuruFocus rated Kimberlyclark Corp. the business predictability rank of 3.5-star.
PPL Corporation is an energy and utility holding company. Ppl Corp. has a market cap of $9.66 billion; its shares were traded at around $25.55 with a P/E ratio of 11.1 and P/S ratio of 1.3. The dividend yield of Ppl Corp. stocks is 5.5%.
Murphy Oil Corporation is a worldwide oil and gas exploration and production company with refining and marketing operations in the United States and the United Kingdom and crude oil transportation and trading operations in Canada. Murphy Oil Corp. has a market cap of $10.59 billion; its shares were traded at around $55.34 with a P/E ratio of 16.4 and P/S ratio of 0.6. The dividend yield of Murphy Oil Corp. stocks is 1.8%. Murphy Oil Corp. had an annual average earning growth of 19% over the past 10 years. GuruFocus rated Murphy Oil Corp. the business predictability rank of 5-star.
Pfizer Inc is a research-based, global pharmaceutical company that discovers and develops innovative, value-added products that improve the quality of life of people around the world and help them enjoy longer, healthier, and more productive lives. Pfizer Inc has a market cap of $137.16 billion; its shares were traded at around $17 with a P/E ratio of 8.2 and P/S ratio of 2.7. The dividend yield of Pfizer Inc stocks is 4.2%. Pfizer Inc had an annual average earning growth of 1.8% over the past 10 years.
Legg Mason, Inc. is a holding company which, through its subsidiaries, isprincipally engaged in providing asset management, securities brokerage,investment banking and related financial services to individuals,institutions, corporations and municipalities. Legg Mason Inc. has a market cap of $4.84 billion; its shares were traded at around $29.95 with and P/S ratio of 1.4. The dividend yield of Legg Mason Inc. stocks is 0.4%. Legg Mason Inc. had an annual average earning growth of 3.4% over the past 10 years.
Fortune Brands is a holding company with subsidiaries engaged in themanufacture and sale of home products (plumbing accessories, security devices and tool storage products), office products (stapling equipment, computer accessories and supplies), golf products and spirits and wine. Fortune Brands Inc. has a market cap of $7.54 billion; its shares were traded at around $49.58 with a P/E ratio of 18.9 and P/S ratio of 1.1. The dividend yield of Fortune Brands Inc. stocks is 1.5%.
Marshall & Ilsley Corp. is a diversified financial services corporation. Marshall & Ilsley Corp New Com has a market cap of $4.77 billion; its shares were traded at around $9.0625 with and P/S ratio of 1.9. The dividend yield of Marshall & Ilsley Corp New Com stocks is 0.4%.
H&R Block Inc. is a diversified company involved in tax return preparation,electronic filing of income tax returns and other tax-related services. H&r Block Inc. has a market cap of $5.93 billion; its shares were traded at around $18 with a P/E ratio of 12.2 and P/S ratio of 1.5. The dividend yield of H&r Block Inc. stocks is 3.3%.
ITT Corporation supplies advanced technology products and services in several growth markets. ITT Corp. has a market cap of $9.61 billion; its shares were traded at around $52.41 with a P/E ratio of 13.7 and P/S ratio of 0.9. The dividend yield of ITT Corp. stocks is 1.9%.
Comcast Corp., among the world's communication companies, provides basic cable, digital cable and high speed internet services that connect people to what's important in their lives. Comcast Corp. has a market cap of $51.16 billion; its shares were traded at around $18.03 with a P/E ratio of 14.9 and P/S ratio of 1.4. The dividend yield of Comcast Corp. stocks is 2.1%. Comcast Corp. had an annual average earning growth of 15.1% over the past 10 years.
Madison Square Garden is a fully-integrated sports, entertainment and media business. Madison Square Garden Inc. has a market cap of $1.31 billion; its shares were traded at around $21.15 .
Campbell Soup Company, together with its consolidated subsidiaries, is a global manufacturer and marketer of high quality, branded convenience food products. Campbell Soup Company has a market cap of $12.18 billion; its shares were traded at around $35.8 with a P/E ratio of 15 and P/S ratio of 1.6. The dividend yield of Campbell Soup Company stocks is 3.1%. Campbell Soup Company had an annual average earning growth of 1.2% over the past 10 years.
Monsanto is a global provider of technology-based solutions and agricultural products for growers and downstream customers, such as grain processors and consumers, in the agricultural markets. Monsanto Company has a market cap of $32.28 billion; its shares were traded at around $59.16 with a P/E ratio of 20.1 and P/S ratio of 2.8. The dividend yield of Monsanto Company stocks is 1.8%. Monsanto Company had an annual average earning growth of 18.2% over the past 10 years.
Allied Irish Banks plc provides a full range of banking services through over 319 offices in Ireland, 82 branches in Northern Ireland and 37 offices in the UK. Allied Irish Banks P.l.c. has a market cap of $1.65 billion; its shares were traded at around $3.6 with and P/S ratio of 0.1. Allied Irish Banks P.l.c. had an annual average earning growth of 20.7% over the past 10 years.
St. Paul Travelers is a provider of commercial property-liability insurance and asset management services. The Travelers Companies Inc. has a market cap of $25.34 billion; its shares were traded at around $50.09 with a P/E ratio of 8.1 and P/S ratio of 1. The dividend yield of The Travelers Companies Inc. stocks is 2.6%.
Southwest Airlines is a major domestic airline that provides primarily shorthaul, high-frequency, point-to-point, low-fare service. Southwest Airlines Co. has a market cap of $9.63 billion; its shares were traded at around $12.96 with a P/E ratio of 54 and P/S ratio of 0.9. The dividend yield of Southwest Airlines Co. stocks is 0.1%. Southwest Airlines Co. had an annual average earning growth of 1.4% over the past 10 years.
Harman International Industries, Incorporated is a manufacturer of high-quality, high-fidelity audio products and electronic systems for the automotive, consumer and professional markets. Harman International Industries Inc. has a market cap of $2.77 billion; its shares were traded at around $39.88 with a P/E ratio of 189.9 and P/S ratio of 1.
CONSOL Energy Inc. is the largest producer of high-Btu bituminous coal in the United States, and the largest exporter of U. Consol Energy Inc. has a market cap of $9.17 billion; its shares were traded at around $41.7 with a P/E ratio of 15.3 and P/S ratio of 2. The dividend yield of Consol Energy Inc. stocks is 1%. Consol Energy Inc. had an annual average earning growth of 30.3% over the past 10 years. GuruFocus rated Consol Energy Inc. the business predictability rank of 3-star.
WellPoint, Inc. is the largest publicly traded commercial health benefits company in terms of membership in the United States. Wellpoint Inc. has a market cap of $22.7 billion; its shares were traded at around $51.14 with a P/E ratio of 8.1 and P/S ratio of 0.4. Wellpoint Inc. had an annual average earning growth of 21.6% over the past 10 years.
Brian Rogers buys ITT Corp., Comcast Corp., Madison Square Garden Inc., Campbell Soup Company, Monsanto Company, sells Wellpoint Inc., Southwest Airlines Co., Consol Energy Inc., Harman International Industries Inc., Black & Decker Corp. The, Bj Services Company during the 3-months ended 03/31/2010, according to the most recent filings of his investment company, T Rowe Price Equity Income Fund. Brian Rogers owns 124 stocks with a total value of $17.5 billion. These are the details of the buys and sells.
- New Purchases: CMCSA, CPB, ITT, MON, MSG,
- Added Positions: EXC, FO, HRB, KMB, LM, MI, MUR, PFE, PPL,
- Reduced Positions: AIB, TRV,
- Sold Out: CNX, HAR, LUV, WLP,
This is the sector weightings of his portfolio:
| Financials | 24.1% |
| Industrials | 13.3% |
| Consumer Services | 10.1% |
| Oil & Gas | 9.5% |
| Utilities | 8.6% |
| Consumer Goods | 5.8% |
| Basic Materials | 5.3% |
| Technology | 5.2% |
| Telecommunications | 4.2% |
| Health Care | 3.9% |
These are the top 5 holdings of Brian Rogers
- JPMorgan Chase & Co. (JPM) - 13,950,800 shares, 3.58% of the total portfolio.
- General Electric Company (GE) - 26,386,600 shares, 2.75% of the total portfolio. Shares added by 0.96%
- Chevron Corp. (CVX) - 5,917,700 shares, 2.57% of the total portfolio.
- Bank Of America Corp. (BAC) - 24,918,486 shares, 2.55% of the total portfolio.
- Exxon Mobil Corp. (XOM) - 5,917,700 shares, 2.27% of the total portfolio.
Added: Exelon Corp. (EXC, Financial)
Brian Rogers added to his holdings in Exelon Corp. by 240%. His purchase prices were between $43.19 and $49.66, with an estimated average price of $45.66. The impact to his portfolio due to this purchase was 0.76%. His holdings were 4,250,000 shares as of 03/31/2010.Exelon Corporation is a utility holding company. Its subsidiaries are engaged principally in the production, purchase, transmission, distribution and sale of electricity to residential, commercial, industrial and wholesale customers and the distribution and sale of natural gas to residential, commercial and industrial customers. Exelon Corp. has a market cap of $28.13 billion; its shares were traded at around $42.6 with a P/E ratio of 11.2 and P/S ratio of 1.6. The dividend yield of Exelon Corp. stocks is 4.9%. Exelon Corp. had an annual average earning growth of 12.5% over the past 10 years.
Added: Kimberlyclark Corp. (KMB, Financial)
Brian Rogers added to his holdings in Kimberlyclark Corp. by 48.16%. His purchase prices were between $58.86 and $64.39, with an estimated average price of $61.09. The impact to his portfolio due to this purchase was 0.34%. His holdings were 2,922,600 shares as of 03/31/2010.Kimberly-Clark Corporation is one of the consumer products companies. Kimberlyclark Corp. has a market cap of $26.19 billion; its shares were traded at around $62.93 with a P/E ratio of 12.9 and P/S ratio of 1.4. The dividend yield of Kimberlyclark Corp. stocks is 4.2%. Kimberlyclark Corp. had an annual average earning growth of 3.4% over the past 10 years. GuruFocus rated Kimberlyclark Corp. the business predictability rank of 3.5-star.
Added: Ppl Corp. (PPL, Financial)
Brian Rogers added to his holdings in Ppl Corp. by 63.04%. His purchase prices were between $27.58 and $32.98, with an estimated average price of $29.77. The impact to his portfolio due to this purchase was 0.23%. His holdings were 3,750,000 shares as of 03/31/2010.PPL Corporation is an energy and utility holding company. Ppl Corp. has a market cap of $9.66 billion; its shares were traded at around $25.55 with a P/E ratio of 11.1 and P/S ratio of 1.3. The dividend yield of Ppl Corp. stocks is 5.5%.
Added: Murphy Oil Corp. (MUR, Financial)
Brian Rogers added to his holdings in Murphy Oil Corp. by 13.52%. His purchase prices were between $50.13 and $59.71, with an estimated average price of $53.96. The impact to his portfolio due to this purchase was 0.16%. His holdings were 4,198,700 shares as of 03/31/2010.Murphy Oil Corporation is a worldwide oil and gas exploration and production company with refining and marketing operations in the United States and the United Kingdom and crude oil transportation and trading operations in Canada. Murphy Oil Corp. has a market cap of $10.59 billion; its shares were traded at around $55.34 with a P/E ratio of 16.4 and P/S ratio of 0.6. The dividend yield of Murphy Oil Corp. stocks is 1.8%. Murphy Oil Corp. had an annual average earning growth of 19% over the past 10 years. GuruFocus rated Murphy Oil Corp. the business predictability rank of 5-star.
Added: Pfizer Inc (PFE, Financial)
Brian Rogers added to his holdings in Pfizer Inc by 33.46%. His purchase prices were between $16.91 and $20, with an estimated average price of $18.07. The impact to his portfolio due to this purchase was 0.13%. His holdings were 5,185,515 shares as of 03/31/2010.Pfizer Inc is a research-based, global pharmaceutical company that discovers and develops innovative, value-added products that improve the quality of life of people around the world and help them enjoy longer, healthier, and more productive lives. Pfizer Inc has a market cap of $137.16 billion; its shares were traded at around $17 with a P/E ratio of 8.2 and P/S ratio of 2.7. The dividend yield of Pfizer Inc stocks is 4.2%. Pfizer Inc had an annual average earning growth of 1.8% over the past 10 years.
Added: Legg Mason Inc. (LM, Financial)
Brian Rogers added to his holdings in Legg Mason Inc. by 16.01%. His purchase prices were between $24.54 and $31.55, with an estimated average price of $28.13. The impact to his portfolio due to this purchase was 0.11%. His holdings were 5,073,600 shares as of 03/31/2010.Legg Mason, Inc. is a holding company which, through its subsidiaries, isprincipally engaged in providing asset management, securities brokerage,investment banking and related financial services to individuals,institutions, corporations and municipalities. Legg Mason Inc. has a market cap of $4.84 billion; its shares were traded at around $29.95 with and P/S ratio of 1.4. The dividend yield of Legg Mason Inc. stocks is 0.4%. Legg Mason Inc. had an annual average earning growth of 3.4% over the past 10 years.
Added: Fortune Brands Inc. (FO, Financial)
Brian Rogers added to his holdings in Fortune Brands Inc. by 7.1%. His purchase prices were between $40.52 and $49.8, with an estimated average price of $44.81. The impact to his portfolio due to this purchase was 0.1%. His holdings were 5,280,800 shares as of 03/31/2010.Fortune Brands is a holding company with subsidiaries engaged in themanufacture and sale of home products (plumbing accessories, security devices and tool storage products), office products (stapling equipment, computer accessories and supplies), golf products and spirits and wine. Fortune Brands Inc. has a market cap of $7.54 billion; its shares were traded at around $49.58 with a P/E ratio of 18.9 and P/S ratio of 1.1. The dividend yield of Fortune Brands Inc. stocks is 1.5%.
Added: Marshall & Ilsley Corp New Com (MI, Financial)
Brian Rogers added to his holdings in Marshall & Ilsley Corp New Com by 30.7%. His purchase prices were between $5.43 and $8.34, with an estimated average price of $7.02. The impact to his portfolio due to this purchase was 0.06%. His holdings were 5,747,100 shares as of 03/31/2010.Marshall & Ilsley Corp. is a diversified financial services corporation. Marshall & Ilsley Corp New Com has a market cap of $4.77 billion; its shares were traded at around $9.0625 with and P/S ratio of 1.9. The dividend yield of Marshall & Ilsley Corp New Com stocks is 0.4%.
Added: H&r Block Inc. (HRB, Financial)
Brian Rogers added to his holdings in H&r Block Inc. by 37.76%. His purchase prices were between $16.57 and $23.07, with an estimated average price of $19.86. The impact to his portfolio due to this purchase was 0.05%. His holdings were 1,824,300 shares as of 03/31/2010.H&R Block Inc. is a diversified company involved in tax return preparation,electronic filing of income tax returns and other tax-related services. H&r Block Inc. has a market cap of $5.93 billion; its shares were traded at around $18 with a P/E ratio of 12.2 and P/S ratio of 1.5. The dividend yield of H&r Block Inc. stocks is 3.3%.
New Purchase: ITT Corp. (ITT, Financial)
Brian Rogers initiated holdings in ITT Corp.. His purchase prices were between $47.51 and $53.93, with an estimated average price of $50.93. The impact to his portfolio due to this purchase was 0.37%. His holdings were 1,200,000 shares as of 03/31/2010.ITT Corporation supplies advanced technology products and services in several growth markets. ITT Corp. has a market cap of $9.61 billion; its shares were traded at around $52.41 with a P/E ratio of 13.7 and P/S ratio of 0.9. The dividend yield of ITT Corp. stocks is 1.9%.
New Purchase: Comcast Corp. (CMCSA, Financial)
Brian Rogers initiated holdings in Comcast Corp.. His purchase prices were between $15.21 and $18.74, with an estimated average price of $16.69. The impact to his portfolio due to this purchase was 0.35%. His holdings were 3,250,000 shares as of 03/31/2010.Comcast Corp., among the world's communication companies, provides basic cable, digital cable and high speed internet services that connect people to what's important in their lives. Comcast Corp. has a market cap of $51.16 billion; its shares were traded at around $18.03 with a P/E ratio of 14.9 and P/S ratio of 1.4. The dividend yield of Comcast Corp. stocks is 2.1%. Comcast Corp. had an annual average earning growth of 15.1% over the past 10 years.
New Purchase: Madison Square Garden Inc. (MSG, Financial)
Brian Rogers initiated holdings in Madison Square Garden Inc.. His purchase prices were between $17.5 and $22, with an estimated average price of $19.85. The impact to his portfolio due to this purchase was 0.16%. His holdings were 1,265,875 shares as of 03/31/2010.Madison Square Garden is a fully-integrated sports, entertainment and media business. Madison Square Garden Inc. has a market cap of $1.31 billion; its shares were traded at around $21.15 .
New Purchase: Campbell Soup Company (CPB, Financial)
Brian Rogers initiated holdings in Campbell Soup Company. His purchase prices were between $32.44 and $35.63, with an estimated average price of $33.77. The impact to his portfolio due to this purchase was 0.15%. His holdings were 750,000 shares as of 03/31/2010.Campbell Soup Company, together with its consolidated subsidiaries, is a global manufacturer and marketer of high quality, branded convenience food products. Campbell Soup Company has a market cap of $12.18 billion; its shares were traded at around $35.8 with a P/E ratio of 15 and P/S ratio of 1.6. The dividend yield of Campbell Soup Company stocks is 3.1%. Campbell Soup Company had an annual average earning growth of 1.2% over the past 10 years.
New Purchase: Monsanto Company (MON)
Brian Rogers initiated holdings in Monsanto Company. His purchase prices were between $70.65 and $86.65, with an estimated average price of $76.48. The impact to his portfolio due to this purchase was 0.04%. His holdings were 100,000 shares as of 03/31/2010.Monsanto is a global provider of technology-based solutions and agricultural products for growers and downstream customers, such as grain processors and consumers, in the agricultural markets. Monsanto Company has a market cap of $32.28 billion; its shares were traded at around $59.16 with a P/E ratio of 20.1 and P/S ratio of 2.8. The dividend yield of Monsanto Company stocks is 1.8%. Monsanto Company had an annual average earning growth of 18.2% over the past 10 years.
Reduced: Allied Irish Banks P.l.c. (AIB)
Brian Rogers reduced to his holdings in Allied Irish Banks P.l.c. by 58.82%. His sale prices were between $3.29 and $3.58, with an estimated average price of $3.44. The impact to his portfolio due to this sale was -0.01%. Brian Rogers still held 1,970,842 shares as of 03/31/2010.Allied Irish Banks plc provides a full range of banking services through over 319 offices in Ireland, 82 branches in Northern Ireland and 37 offices in the UK. Allied Irish Banks P.l.c. has a market cap of $1.65 billion; its shares were traded at around $3.6 with and P/S ratio of 0.1. Allied Irish Banks P.l.c. had an annual average earning growth of 20.7% over the past 10 years.
Reduced: The Travelers Companies Inc. (TRV)
Brian Rogers reduced to his holdings in The Travelers Companies Inc. by 23.52%. His sale prices were between $47.94 and $54.76, with an estimated average price of $51.39. The impact to his portfolio due to this sale was -0.07%. Brian Rogers still held 975,400 shares as of 03/31/2010.St. Paul Travelers is a provider of commercial property-liability insurance and asset management services. The Travelers Companies Inc. has a market cap of $25.34 billion; its shares were traded at around $50.09 with a P/E ratio of 8.1 and P/S ratio of 1. The dividend yield of The Travelers Companies Inc. stocks is 2.6%.
Sold Out: Southwest Airlines Co. (LUV)
Brian Rogers sold out his holdings in Southwest Airlines Co.. His sale prices were between $11.03 and $13.18, with an estimated average price of $12.11.Southwest Airlines is a major domestic airline that provides primarily shorthaul, high-frequency, point-to-point, low-fare service. Southwest Airlines Co. has a market cap of $9.63 billion; its shares were traded at around $12.96 with a P/E ratio of 54 and P/S ratio of 0.9. The dividend yield of Southwest Airlines Co. stocks is 0.1%. Southwest Airlines Co. had an annual average earning growth of 1.4% over the past 10 years.
Sold Out: Harman International Industries Inc. (HAR)
Brian Rogers sold out his holdings in Harman International Industries Inc.. His sale prices were between $34.93 and $47.26, with an estimated average price of $40.98.Harman International Industries, Incorporated is a manufacturer of high-quality, high-fidelity audio products and electronic systems for the automotive, consumer and professional markets. Harman International Industries Inc. has a market cap of $2.77 billion; its shares were traded at around $39.88 with a P/E ratio of 189.9 and P/S ratio of 1.
Sold Out: Consol Energy Inc. (CNX)
Brian Rogers sold out his holdings in Consol Energy Inc.. His sale prices were between $42.28 and $56.34, with an estimated average price of $50.01.CONSOL Energy Inc. is the largest producer of high-Btu bituminous coal in the United States, and the largest exporter of U. Consol Energy Inc. has a market cap of $9.17 billion; its shares were traded at around $41.7 with a P/E ratio of 15.3 and P/S ratio of 2. The dividend yield of Consol Energy Inc. stocks is 1%. Consol Energy Inc. had an annual average earning growth of 30.3% over the past 10 years. GuruFocus rated Consol Energy Inc. the business predictability rank of 3-star.
Sold Out: Wellpoint Inc. (WLP)
Brian Rogers sold out his holdings in Wellpoint Inc.. His sale prices were between $58.29 and $68.06, with an estimated average price of $62.61.WellPoint, Inc. is the largest publicly traded commercial health benefits company in terms of membership in the United States. Wellpoint Inc. has a market cap of $22.7 billion; its shares were traded at around $51.14 with a P/E ratio of 8.1 and P/S ratio of 0.4. Wellpoint Inc. had an annual average earning growth of 21.6% over the past 10 years.
