Recent Stock Purchase April 2018

I can’t believe it’s been over a month since my last buy was made, but, if you have been following my blog for some time you know at least one buy is coming every calendar month. With one week left in April I decided to deploy some fresh capital into a market that has been very, very generous as of late in terms of giving us much better buying opportunities in many “name brand” stocks that have been previously deemed untouchable because of low yields, high valuations and relatively speaking, high prices. What a difference a couple of months can make. You all know the names, The Clorox Company (CLX), Colgate-Palmolive Company (CL), The Procter & Gamble Company (PG), PepsiCo, Inc. (PEP), Philip Morris International Inc. (PM), General Mills, Inc. (GIS), The Kraft Heinz Company (KHC), General Electric Company (GE), Caterpillar Inc. (CAT), 3M Company (MMM), every health REIT but specifically HCP, Inc. (HCP), Welltower Inc. (WELL), Ventas, Inc. (VTR), LTC Properties, Inc. (LTC) and many utilities like Dominion Energy, Inc. (D), The Southern Company (SO) and PPL Corporation (PPL) have all been decimated in 2018. Just go back a year or so and these stocks were all riding high compared to what we’re seeing today. Of course, seeing these major declines should whet anyone’s long term buy outlook and being a dividend centric investor I’m excited to be buying into some great stocks that are sporting yields close to or well above 4%. With that being said and sticking to my April stock considerations:

 

I have added to my taxable account 8.0358 shares at $99.55 for a total investment of $799.96 in Kimberly-Clark Corporation (KMB). With this recent purchase my taxable account holdings in KMB now totals 52.2068 shares with a market value of $5,194.58. I also hold 7.5504 shares with a market value of $751.49 in my ROTH account.

 

What do you think about my recent buy? Are you looking at any of the beaten staples, utilities, industrials or REITs? Please let me know below.

 

Disclosure: Long CLX, CL, PG, PEP, PM, GIS, KHC, GE, CAT, MMM, HCP, WELL, VTR, LTC, D, SO, KMB

16 thoughts on “Recent Stock Purchase April 2018

  1. Good price on KMB under $100. Started small stake in 3M at $199.46 who ended day down at 6.8%. Will add more if continues to drop.

  2. Great minds think a like as the saying goes Keith. I added to KMB last Friday at $102.91. Unfortunately, I was a couple days early to the party. I was holding out for 4% yield at $100, but got anxious. It won’t matter in the long run.

    Philip Morris is really tempting to me now. I have not added to it in a long time and it has just been hammered. Realty Income also looks nice in the high 40’s again. Lots of new options like you mention. Last year I bought very little and now so many more attractive options, but like you I like to purchase consistently over time. I don’t want to get overly excited we may go lower.
    Tom @ Dividends Diversify recently posted…The New Millionaires | Introduction | Part 2My Profile

  3. Ditto! I’ve been building my stake in KMB as well. I’ve also recently initiated a position in KHC. I hope to pick up some shares in a few of the other names you’ve identified as well if prices continue to hang out where they are currently, or better yet, fall lower!

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