Here are my automatic investments for this week.
- JNJ: 2.98 shares @ $100.76 --- Yield 2.78%
- WMT: 3.84 shares @ $78.11 --- Yield 2.51%
Total capital invested is $600 split evenly between the two. These purchases have a combined yield of 2.65% and will add $15.87 to my yearly dividends.
I decided to start a position in TIS yesterday, so I cut back a little on the purchases today.
Companies on my radar for next week include JNJ, WMT, SO, T, KMI, CAT, NOV, and AXP.
DEFY MEDIOCRITY
MDP,
ReplyDeleteI see you still building up those positions and they maintained on your watch list as well. I've been patient with 3 weeks of sitting on a sideline, we'll see how long I last. Great job with this, I seriously mean it when you continue to make purchases into positions on companies that you want to own and want to own a lot of. Nice, keep killing it.
-Lanny
Lanny,
DeleteThanks my friend. Don't worry about being on the sidelines. Make a purchase when you find the right company at the right price. You already have a nice sized snowball so just keep adding to it as you can. You are tracking great right now.
MDP
MDP,
ReplyDeleteFinally you are out of energy stocks and building these "boring" stocks. I have been adding T and WMT the last few weeks (and this week too). Oil increased the last month or so. But if the oil price drops and the stocks drop down, I would like to add more energy stocks though.
DGJ
DGJ,
DeleteI don't know if I am out of energy. If oil falls back down again I will resume buying more shares. I do like adding some lower beta companies that don't give me quite as much heartburn. I have been watching you add T and I think that is a great move. I am a bit heavy in T, but may add more along with VZ.
MDP
MDP,
ReplyDeleteWMT and JNJ are great buys at the price you got them. I also made a WMT purchase at the same price. I was tempted to buy it at 81, but I'm glad I waited until the current price. AXP is another stock on my radar, I am bullish on credit card companies right now.
Awesome buys, can't wait to read more!
D2R
D2R,
DeleteGreat job picking up WMT! I missed it last year when it was in the 70s so I am glad to get a second chance. AXP is unloved right now and therefore it is on my radar. Great business with strongly brand loyalty. I will be watching it closely in the coming weeks and months.
MDP
Hi MDP,
ReplyDeleteI did the exact same combo today with Sharebuilder's tuesday automatic investment : http://fabsavings.net/automatic-purchases-042115/
Great minds think alike :)
Fab,
DeleteGreat minds indeed. The odds of this happening were actually pretty low as we both have been swimming on the energy side of the pool in recent months. I think it would have been more likely that we would have bought Shell or BBL on the same day.
MDP
Like the JNJ pick up at around $100. It was on my April consideration list. Not really into the WMT buy but have seen others start buying into it as well. I'm not a fan of the retailers like WMT or TGT as many are. I guess the only pseudo retailer I own is GWW. Thanks for sharing.
ReplyDeleteDivHut,
DeleteNo problem. I am going to try and add shares of JNJ throughout this year. WMT looks cheap here so I will go with my gut and continue building a position.
MDP
MDP,
ReplyDeleteNice buys as usual! I'm a really big fan of the WMT buy at that price. I see you've added AXP to your watchlist. How do you feel about future growth prospects for AXP after losing out on the Costco partnership?
Regards,
F2R30
F2R30,
DeleteI'm sure AXP will wander in the wilderness for a couple of quarters while it figures things out. Luckily they have an awesome brand and will find new customers althought it does hurt losing Costco. It is amazing how resilient companies like AXP can be. The price certainly looks appealing in the 70s. It would look even better in the 60s. :-)
MDP
I like both of these buys. Both companies will continue to be solid long term holding.
ReplyDeleteTawcan,
DeleteI completely agree and hopefully the prices continue to stay at current levels or lower and I would like to continue building both positions.
MDP
Whats the story with TIS? I see it is a paper company with a huge yield and small market cap. Any insights you can share?
ReplyDeleteBrian,
DeleteIt's a very small company and not what I usually buy. It's undergoing pretty rapid expansion so I don't expect much in the way of dividend growth. Right now it's trading near it's 52 week low mainly due to an additional stock offering. Also due to rapid expansion (35% first quarter revenue jump) and increased product costs the earnings have been suffering a bit. They are also will have to compete against the PGs of the world which obviously is difficult to do.
I actually don't think smaller margins is bad during the growth phase of the business. TIS might be better off paying a lower dividend until they become a bit more mature. They did declare a dividend for next quarter that is in line with the $35 it has been paying for couple of years. It will be intereresting to see how the company progesses with its expansion plans. Hopefully it will grow market share and eventually its earnings. It is speculative and a relatively small position for me.
MDP