Is LVMH Moët Hennessy – Louis Vuitton (LVMUY) a Smart Long-Term Buy?
Distillate Capital Partners LLC, an investment management firm, published its third-quarter 2022 investor letter – a copy of which can be downloaded here. Distillate’s U.S. FSV strategy declined 19.63% through Q3 of 2022 compared to a decline of 23.87% for the S&P 500 benchmark. This more mitigated decline came despite a 1.75% headwind from being underweight in the energy and utility sectors where cash flow instability and leverage tend to limit our holdings domestically. Try to spare some time to check the fund’s top 5 holdings for you to have an idea about their best stock picks this 2022.
In its Q3 2022 investor letter, Distillate Capital mentioned LVMH Moët Hennessy - Louis Vuitton, Société Européenne (NYSE:LVMUY) and explained its insights for the company. Founded in 1987, LVMH Moët Hennessy - Louis Vuitton, Société Européenne (NYSE:LVMUY) is a Paris, France-based luxury goods company with a $329.0 billion market capitalization. LVMH Moët Hennessy - Louis Vuitton, Société Européenne (NYSE:LVMUY) delivered a -20.65% return since the beginning of the year, while its 12-month returns are down by -20.05%. The stock closed at $131.32 per share on November 08, 2022.
Here is what Distillate Capital has to say about LVMH Moët Hennessy - Louis Vuitton, Société Européenne (NYSE:LVMUY) in its Q3 2022 investor letter:
"After rebalancing, Distillate’s International FSV strategy offers a higher free cash flow yield both to market cap and enterprise value, and has substantially more stable fundamentals and less leverage than the index. The largest new position is LVMH Moët Hennessy - Louis Vuitton, Société Européenne (NYSE:LVMUY), where estimated free cash ϲows are up year-to-date while the stock is down."
Our calculations show that LVMH Moët Hennessy - Louis Vuitton, Société Européenne (NYSE:LVMUY) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. LVMH Moët Hennessy - Louis Vuitton, Société Européenne (NYSE:LVMUY) was in 3 hedge fund portfolios at the end of the second quarter of 2022, compared to 3 funds in the previous quarter. LVMH Moët Hennessy - Louis Vuitton, Société Européenne (NYSE:LVMUY) delivered a -6.49% return in the past 3 months.
In August 2021, we also shared another hedge fund’s views on LVMH Moët Hennessy - Louis Vuitton, Société Européenne (NYSE:LVMUY) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q3 page.
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Disclosure: None. This article is originally published at Insider Monkey.
