Yacktman Fund Gains 7 Stocks in 1st Quarter
- By Holly LaFon
The Yacktman Fund (Trades, Portfolio) gained seven new positions in the first quarter, though some came from changes in its existing companies.
Warning! GuruFocus has detected 2 Warning Sign with BKNG. Click here to check it out.
The intrinsic value of BKNG
The firm reported on Wednesday that its portfolio welcomed: The Walt Disney Co. (DIS), Booking Holdings Inc. (BKNG), Brenntag AG (XTER:BNR), Alphabet Inc. (GOOG), Fox Corp. (FOX), Beiersdorf AG (BDRFY) and Fox Corp. (FOXA). Fox Corp. and The Walt Disney Co. came into the portfolio when the fund's previous holding, Twenty-First Century Fox, sold many of its assets to Disney in the first quarter.
The Yacktman Fund (Trades, Portfolio) seeks good businesses with shareholder-oriented management and trading prices below what an investor would pay for the entire company. At first quarter-end, it held 35 stocks valued at $5.57 billion. Consumer defensive stocks occupied the greatest space at 30.83% of the portfolio, followed by technology at 27.92% and consumer cyclical at 10.36%.
The risk-averse fund declined 3.8% versus the 13.52% drop in the S&P 500 for the fourth quarter. Since inception, it returned 10.17% versus 9.2% for the index. Founded by investor Donald Yacktman, the fund is now helmed by Chief Investment Officer Stephen Yacktman.
First-quarter new positions
The Walt Disney Co. (DIS)
The fund gained 2,040,441 shares of The Walt Disney Co., which occupied 4.07% of the portfolio.
The Walt Disney Co. has a market cap of $236.85 billion; its shares were traded around $131.76 Wednesday with a price-earnings ratio of 19.11 and price-sales ratio of 3.30. The trailing 12-month dividend yield of The Walt Disney Co. is 1.30%. The forward dividend yield of The Walt Disney Co. is 1.35%.
Booking Holdings Inc. (BKNG)
The fund purchased 117,500 shares of Booking Holdings, giving it 3.68% portfolio weight. The stock's fourth-quarter share price averaged $1,785.
Booking Holdings Inc. has a market cap of $82.81 billion; its shares were traded around $1,839.79 Wednesday with a price-earnings ratio of 22.08 and price-sales ratio of 6.08. Booking Holdings Inc. had an annual average earnings growth of 30.70% over the past 10 years. GuruFocus rated Booking Holdings Inc. the business predictability rank of 3.5-star.
Brenntag AG (XTER:BNR)
The fund purchased 2.305 million shares of Brenntag AG, giving it 2.13% portfolio weight. The stock's first-quarter share price averaged 43 euros.
Brenntag AG has a market cap of 7.42 billion euros; its shares were traded around 48.00 euros with a price-earnings ratio of 16.05 and price-sales ratio of 0.58. The trailing 12-month dividend yield of Brenntag AG is 2.29%. The forward dividend yield of Brenntag AG is 2.29%. Brenntag AG had an annual average earnings growth of 3.80% over the past 10 years. GuruFocus rated Brenntag AG the business predictability rank of 4.5-star.
Alphabet Inc. (GOOG)
The fund purchased 100,000 shares of Alphabet Inc., giving it 2.11% portfolio weight. The stock's first-quarter share price averaged $1,120.
Alphabet Inc. has a market cap of $861.15 billion; its shares were traded around $1,236.34 with a price-earnings ratio of 28.41 and price-sales ratio of 6.60. Alphabet Inc. had an annual average earnings growth of 15.30% over the past 10 years. GuruFocus rated Alphabet Inc. the business predictability rank of 3.5-star.
Fox Corp. (FOX)
The fund gained 2,693,333 shares of Fox Corp., occupying 1.73% of the portfolio.
Fox Corp. has a market cap of $23.91 billion; its shares were traded around $38.21 with a price-earnings ratio of 24.86.
Beiersdorf AG (BDRFY)
The fund purchased 4,305,280 shares of Beiersdorf AG, giving it 1.62% portfolio weight. The stock's first-quarter share price averaged $20.
Beiersdorf AG has a market cap of $23.74 billion; its shares were traded around $21.01 with a price-earnings ratio of 29.16 and price-sales ratio of 2.94. The trailing 12-month dividend yield of Beiersdorf AG is 0.79%. The forward dividend yield of Beiersdorf AG is 0.76%. Beiersdorf AG had an annual average earnings growth of 5% over the past 10 years. GuruFocus rated Beiersdorf AG the business predictability rank of 2-star.
Fox Corp. (FOXA)
The fund gained 1,333,333 of Fox Corp. A-shares, occupying 0.88% of the portfolio.
Fox Corp. has a market cap of $23.95 billion; its shares were traded around $38.84 Wednesday with a price-earnings ratio of 24.92.
Read more here:
Bill Nygren Buys Constellation, S&P Global, Sells 5 in 1st Quarter
Lou Simpson Slashes Stakes in 2 Stocks
Dodge & Cox Boosts Stake in Media Giant Grupo Televisa
Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here
This article first appeared on GuruFocus.
Warning! GuruFocus has detected 2 Warning Sign with BKNG. Click here to check it out.
The intrinsic value of BKNG