The widely followed Yacktman Asset Management bought only one new stock, according to its fourth quarter portfolio released today. Managers started a new holding of Unilever NV (UN, Financial), while also increasing positions in Oracle Corp (ORCL, Financial), Twenty-First Century Fox (FOX, Financial) and Avon Products (AVP, Financial).
Yacktman Fund (Trades, Portfolio)s are widely followed for management’s choice of discounted growth companies and risk-averse positioning. The company oversaw $11.3 billion in net assets as of year-end. The Yacktman Focused Fund (Trades, Portfolio) (YAFFX, Financial) returned 10.67% last year, just shy of the 13.69% return of the S&P. Since inception, it has beat the index with 9.98% average annual returns, versus 7.46%.
New Buys and Adds
Yacktman Focused Fund (Trades, Portfolio) purchased 1.35 million shares, making the stock 0.57% of the portfolio. Univelever’s share price averaged $39 in the fourth quarter.
Unilever NV is a public limited company registered in the Netherlands. Unilever NV has a market cap of $121.09 billion; its shares were traded at around $40.03 with a P/E ratio of 20.3 and P/S ratio of 2.1. The dividend yield of Unilever NV stocks is 3.8%. Unilever NV had an annual average earnings growth of 1.7% over the past 10 years.
Yacktman Focused Fund (Trades, Portfolio) made a 25.9% increase to its stake in Oracle (ORCL, Financial) such that they held 15,053,500 shares at quarter-end, and the holding consumed 7.3% of the portfolio.
Oracle Corporation was incorporated in Delaware on Sept. 9, 2005. Oracle Corporation has a market cap of $187.2 billion; its shares were traded at around $42.63 with a P/E ratio of 17.8 and P/S ratio of 5.1. The dividend yield of Oracle Corporation stocks is 1.1%. Oracle Corporation had an annual average earnings growth of 18.0% over the past 10 years. GuruFocus rated Oracle Corporation the business predictability rank of 4.5-star.
Twenty-First Century Fox (FOX, Financial)
Fund managers increased its position in Twenty-First Century Fox by 20.5% to 12,844,600 shares. The position was worth 5.1% of the portfolio at quarter-end and the price averaged $34 per share in the quarter.
Twenty-First Century Fox Inc. was incorporated in 1979 under the company Act 1961 of South Australia, Australia. Twenty-First Century Fox Inc. has a market cap of $71.41 billion; its shares were traded at around $33.12 with a P/E ratio of 18.10 and P/S ratio of 2.30. The dividend yield of Twenty-First Century Fox Inc. stocks is 0.8%. Twenty-first Century Fox Inc. had an annual average earnings growth of 11.8% over the past five years.
Avon Products Inc. (AVP, Financial)
The managers increased their position in Avon Products by 19.3% to 12,377,372 shares, or 1.3% of the portfolio. The company’s stock price average was $11 for the quarter.
Avon Products Inc. was incorporated in the State of New York on Jan. 27, 1916. Avon Products Inc. has a market cap of $3.31 billion; its shares were traded at around $7.61 with and P/S ratio of 0.4. The dividend yield of Avon Products Inc. stocks is 3.1%.
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