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Ken Fisher’s Top 30 Investment Portfolio Q3/2012

Originally published at “long-term-investments.blogspot.com”. Kenneth Fisher is an American businessman, founder and chairman as well as CEO of Fisher Investments, a money management firm headquartered in California. Fisher writes the monthly “Portfolio Strategy” column in Forbes magazine. Ken Fisher is one of the richest Americans and part of the Forbes 400 list of world billionaires. Funds run by Ken Fisher at Fisher Asset Management were valued at USD 34.91 billion.

Here is a top 30 list of his investment positions as of September 30, 2012. During the quarter Q3/2012, Ken Fisher had 458 total positions.

Top New Buys: CMCSA, PBR, TM, RY, NVS, VOD, CHL, NTGR, SAM, WRC

Here are the 3 best yielding of Ken Fisher’s top dividend stocks:
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GlaxoSmithKline (NYSE:GSK) has a market capitalization of $107.56 billion. The company employs 97,389 people, generates revenue of $44.150 billion and has a net income of $8.798 billion. The firm’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $14.844 billion. The EBITDA margin is 33.62 percent (the operating margin is 28.50 percent and the net profit margin 19.93 percent).

Financial Analysis: The total debt represents 36.27 percent of the company’s assets and the total debt in relation to the equity amounts to 185.52 percent. Due to the financial situation, a return on equity of 62.19 percent was realized. Twelve trailing months earnings per share reached a value of $3.20. Last fiscal year, the company paid $2.26 in the form of dividends to shareholders.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 13.66, the P/S ratio is 2.42 and the P/B ratio is finally 8.48. The dividend yield amounts to 5.31 percent and the beta ratio has a value of 0.65.


”Long-Term
Long-Term Stock History Chart Of GlaxoSmithKline (GSK)
”Long-Term
Long-Term Dividends History of GlaxoSmithKline (GSK)
”Long-Term
Long-Term Dividend Yield History of GlaxoSmithKline (GSK)

Pfizer (NYSE:PFE) has a market capitalization of $184.65 billion. The company employs 103,700 people, generates revenue of $67.425 billion and has a net income of $8.739 billion. The firm’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $23.011 billion. The EBITDA margin is 34.13 percent (the operating margin is 18.93 percent and the net profit margin 12.96 percent).

Financial Analysis: The total debt represents 20.72 percent of the company’s assets and the total debt in relation to the equity amounts to 47.39 percent. Due to the financial situation, a return on equity of 10.24 percent was realized. Twelve trailing months earnings per share reached a value of $1.25. Last fiscal year, the company paid $0.80 in the form of dividends to shareholders.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 20.03, the P/S ratio is 2.74 and the P/B ratio is finally 2.31. The dividend yield amounts to 3.83 percent and the beta ratio has a value of 0.70.


”Long-Term
Long-Term Stock History Chart Of Pfizer (PFE)
”Long-Term
Long-Term Dividends History of Pfizer (PFE)
”Long-Term
Long-Term Dividend Yield History of Pfizer (PFE)

General Electric (NYSE:GE) has a market capitalization of $218.32 billion. The company employs 301,000 people, generates revenue of $147.300 billion and has a net income of $14.366 billion. The firm’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $31.015 billion. The EBITDA margin is 21.06 percent (the operating margin is 13.64 percent and the net profit margin 9.75 percent).

Financial Analysis: The total debt represents 63.22 percent of the company’s assets and the total debt in relation to the equity amounts to 389.43 percent. Due to the financial situation, a return on equity of 11.06 percent was realized. Twelve trailing months earnings per share reached a value of $1.35. Last fiscal year, the company paid $0.61 in the form of dividends to shareholders.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 15.45, the P/S ratio is 1.48 and the P/B ratio is finally 1.89. The dividend yield amounts to 3.65 percent and the beta ratio has a value of 1.61.


”Long-Term
Long-Term Stock History Chart Of General Electric (GE)
”Long-Term
Long-Term Dividends History of General Electric (GE)
”Long-Term
Long-Term Dividend Yield History of General Electric (GE)


Take a closer look at all top portfolio positions of Ken Fisher. The average P/E ratio amounts to 19.09. The dividend yield has a value of 2.71 percent. Price to book ratio is 4.03 and price to sales ratio 3.18.

Here are Ken Fisher’s Top 30 Long Positions:



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Here are the market ratios of his top positions:

Ticker
Company
P/E
P/S
P/B
Dividend Yield
GSK
GlaxoSmithKline plc
13.6
2.49
10.62
5.31%
LQD
iShares iBoxx $ Invest Grade Corp Bond
N/A
N/A
N/A
3.84%
PFE
Pfizer Inc.
20.06
3.04
2.26
3.83%
GE
General Electric Company
15.42
1.5
1.78
3.65%
SNY
Sanofi
15.84
2.62
1.71
3.58%
JNJ
Johnson & Johnson
23.03
2.94
3.03
3.48%
MCD
McDonald's Corp.
16.82
3.27
6.46
3.45%
HBC
HSBC Holdings plc
14.93
3.23
1.12
3.42%
MSFT
Microsoft Corporation
14.63
3.15
3.31
3.40%
PG
Procter & Gamble Co.
22.39
2.26
2.91
3.28%
PEP
Pepsico, Inc.
18.51
1.63
5.02
3.10%
TSM
Taiwan Semiconductor Manufacturing
16.28
5.32
3.79
2.94%
BHP
BHP Billiton Ltd.
13.25
2.82
1.86
2.93%
RIO
Rio Tinto plc
25.24
1.84
1.88
2.93%
CSCO
Cisco Systems, Inc.
12.79
2.26
2
2.82%
JPM
JPMorgan Chase & Co.
9.32
2.9
0.84
2.73%
WFC
Wells Fargo & Company
10.79
3.7
1.18
2.56%
HD
The Home Depot, Inc.
21.76
1.27
5.2
1.88%
IBM
International Business Machines Corp.
13.85
2.08
10.09
1.77%
QCOM
QUALCOMM Incorporated
20.23
5.52
3.15
1.62%
SLB
Schlumberger Limited
16.94
2.18
2.69
1.59%
AXP
American Express Company
13.32
1.93
3.31
1.39%
V
Visa, Inc.
80.84
11.76
3.66
0.87%
ORCL
Oracle Corporation
15.85
4.35
3.74
0.71%
PM
Philip Morris International, Inc.
16.75
1.83
N/A
0.56%
GOOG
Google Inc.
22.23
4.9
3.43
N/A
AAPL
Apple Inc.
11.78
3.13
4.13
N/A
AMZN
Amazon.com Inc.
N/A
2.05
15.51
N/A






Average
19.09
3.18
4.03
2.71%

Related stock ticker symbols:
LQD, PFE, JNJ, CSCO, GE, IBM, AXP, V, AMZN, WFC, AAPL, ORCL, NSRGY, SNY, HBC, PEP, SLB, QCOM, GSK, JPM, GOOG, MSFT, TSM, MCD, RIO, PG, HD, PM, BHP