Tweedy Browne reported that its equity portfolio has a market value of approximately $3.9 billion based on its 13F filing with the Securities and Exchange Commission (SEC) for the fourth quarter of 2014.
The filing showed that Tweedy Browne acquired a position in one company, increased its stockholdings in two stocks. Tweedy Browne reduced its stake in 38 equities and sold out one stock.
Seth Klarman: Investing Is Art First, Craft Second And Science Third
Tweedy Browne’s new stockholdings
During the quarter, Tweedy Browne acquired 292,573 shares of AGCO Corporation, a distributor and manufacturer of agricultural equipment and related replacement parts worldwide. Its stake in the company is worth approximately $13.22 million.
UBS Analyst Steven Fisher recently reiterated his Hold rating for the shares of AGCO Corporation with a $49 price target. The company reported $0.85 in earnings per share on $2.5 billion in net sales for the fourth quarter.
The shares of AGCO Corporation are trading $49.42 per share, up by more than 1% at the time of this writing around 11:02 A.M. in New York on Friday. The stock traded between $41.56 and $59.18 per share over the past 52-weeks. The company lost more than 4% of its stock value over the past year. It has approximately $4.5 3 billion market capitalization.
Tweedy Browne’s increased stockholdings
Tweedy Browned increased its stockholding in Halliburton by 18,330 shares to $5,350,020 shares. Its stake in the oilfield services company has a market value of approximately $210.42 million.
Halliburton is planning to cut 6,500 jobs due to the plunging oil prices and weakening oil & gas exploration and production. The company said the workforce reduction is not related to its impending acquisition of Baker Hughes.
The shares of Halliburton are trading $43.78 per share, up by more than 2% at the time of this writing. The stock traded between $37.21 and $74.33 per share over the past 52-weeks. The company lost more than 11% of its stock value year-to-date.
Tweedy Browne boosted its stake in Verizon Communications by 382,841 shares to 1,400,454 shares. Its position is worth approximately $65.51 million.
Last month, Verizon Communications reported quarterly earnings that met the consensus estimate of Wall Street analyst. The company posted earnings of $0.71 per share on $33.19 billion in revenue for the fourth quarter.
The shares of Verizon Communications are slightly down to $49.49 per share at the time of this writing today. The company’s stock value climbed more than 5% year-to-date.
Tweedy Browne 4Q performance
Last month, Tweedy Browne reported that the fourth quarter was difficult with respect to relative performance comparisons. Its Global Value Fund declined 1.91%, Global Value Fund II dropped 4.3%, Value Fund fell 1.95%, and WW High Dividend Fund slumped 2.41%.
According to Tweedy Browne, its modestly negative returns during the quarter was primarily due to the decline in oil prices and corresponding drop in its oil& gas and other energy related stockholdings.