Recent Stock Purchase II August 2017

With the general market all over the place in recent weeks, dropping and climbing seemingly on a whim, I am reminded, once again, that find the “perfect” time to invest is a fool’s game. Seeing the market behave in this manner simply reminds me to keep making my monthly buys, ignore the noise and predictions and simply hold on if the “ride” gets a little wild. When you think about it, as long term dividend growth investors, that’s really all we can do. With that being said, I have gone ahead with my second tranche of buys for the month of August.

 

I have added to my taxable account 23.8994 shares at $33.39 for a total investment of $798.00 in Pfizer Inc. (PFE). With this recent purchase my taxable account holdings in PFE now totals 48.8994 shares with a market value of $1,625.91. I also hold 9.0 shares of PFE in my ROTH account.

 

I have added to my taxable account 30.9602 shares at $25.78 for a total investment of $798.00 in General Electric Company (GE). With this recent purchase my taxable account holdings in GE now totals 255.3119 shares with a market value of 6,433.86.

 

I have added to my taxable account 8.6867 shares at $91.87 for a total investment of $798.00 in The Procter & Gamble Company (PG). With this recent purchase my taxable account holdings in PG now totals 28.0515 shares with a market value of $2,562.22. I also hold 11.4209 shares of PG in my ROTH account.

 

I have added to my taxable account 10.2584 shares at $77.79 for a total investment of $468.16 in Dominion Energy, Inc. (D). With this recent purchase my taxable account holdings in D now totals 68.3469 shares with a market value of $5,289.37.

 

I have added to my taxable account 17.4369 shares at $45.77 for a total investment of $798.00 in The Coca-Cola Company (KO). With this recent purchase my taxable account holdings in KO now totals 124.4171 shares with a market value of $5,672.18. I also hold 30.9698 shares of KO in my ROTH account.

 

I have added to my taxable account 16.3170 shares at $48.91 for a total investment of $798.00 in The Southern Company (SO). With this recent purchase my taxable account holdings in SO now totals 109.1772 shares with a market value of $5,286.36.

 

As you can see above, collectively, this was a pretty big buy day for myself. What do you think about my recent buys? Are any of these names on your potential buy list this month? Please let me know below.

 

Disclosure: Long PFE, GE, PG, D, KO, SO

44 thoughts on “Recent Stock Purchase II August 2017

    • Hi MC,

      I agree that most of these buys were not made on the “cheap” side of traditional valuation metrics. I decided to go for quality companies with these buys that generally always have a premium attached. Most of the solid dividend paying consumer staples fall into that category. In the end, it’s about dividend sustainability for me and increasing my passive income stream on an annual basis. Thank you for stopping by and commenting.

  1. All great buys. Been looking at most of those for a while now and the value makes for a good entry point. I own GE and KO already. But want to buy some PFE or SO. My portfolio is light on those sectors and I could use a little more allocation to them for diversification. I see you changed the layout of your site too. Looks good. Keep the buys coming!
    Dividend Daze recently posted…8 Mistakes to Avoid When Buying a Used CarMy Profile

    • Hi DD,

      As I have been commenting to others, I decided to go the route of quality, known dividend growth stocks with this pretty big buy for August. I realize that many of the names I purchased are not trading at screaming buys as most can be considered expensive but quality usually comes with a premium attached. Both PFE and SO could make great additions to any long term dividend growth portfolio. They are pretty popular among our fellow DGI peers. Glad you like the “new” clean DivHut look. My former theme was so outdated and no longer supported with updates it was time for a change. Thank you for commenting.

    • Hi DG,

      Glad you like the “new” DivHut look. After several years with the same theme it was time to update to a newer and supported theme on WordPress. Still, went for the clean basic look as you can see. Many buys this month, that’s for sure. I chose quality known dividend payers that I’ll admit are still expensive but sometimes great stocks comes with a premium attached. D and SO are two utilities that are looking interesting these days. Not superb buys but not crazy expensive either. Get enough D to cover your electric bill 🙂 That would be cool. As always, I appreciate your comment.

  2. Wow!… quite the number of purchases. I’m sure this adds a nice $$$ amount to your forward dividends. I can’t say I have any of the stocks you purchased on my current radar, but I watch PG, as I’ve been a long time holder of the stock, so it’s nice to know when others are purchasing. Thanks for posting the details, and keep growing that portfolio.
    Engineering Dividends recently posted…Recent TransactionsMy Profile

    • Hi ED,

      This should add a nice boost to my passive income stream for the second half of 2017. There are many quality companies I want to add to going forward but still see them as relatively expensive based on traditional valuation metrics. With this recent buy I chose “expensive” but high quality stocks. Names like PG, KO, CL, CLX, KMB, ITW and more are really great long term dividend payers but they all come with a premium attached, that’s for sure. Thank you for stopping by and commenting.

  3. You’ve added stocks from six different companies to the portfolio, you’re really making some big steps. PFE and PG are the most of interest to me of the list. Am not that familiar with D and SO.
    Great to see your portfolio growing, and really like the new lay out as well!

    • Hi Divnomics,

      August saw me deploy a lot of my capital as a result of having “extra” cash from several months of smaller buys. I prefer to be fully invested instead of sitting in cash even as the market appears to be frothy. Check out D and SO. They are both utility plays which some in the DGI space love for their yield but loathe for their low dividend growth rates. In my portfolio I continue to hold just three utilities, SO, D and ED. Thank you for commenting.

    • Hi MDD,

      Well, I don’t know about six home runs but I’ll take consistent singles and doubles over the long haul 🙂 Nice to be a fellow shareholder with you in SO and PFE and I’ll admit that KO is still expensive by traditional valuation metrics but sometimes a quality company simply trades at higher valuations because it is quality. You know the saying, you get what you pay for. With many traditional consumer staples that is the case. They are expensive but worth it for the long haul. Thank you for sharing your thoughts.

    • Hi IH,

      I have been watching SO for several weeks and finally decided to pull the trigger this month. Still a great high yielding dividend stalwart for those looking for some great current yield despite some of their near term plant issues. As always, I appreciate your comment.

    • Hi Stockles,

      This month has seen my biggest cash deployment since I went the DGI route. For several months I have been making consistent buys but they have all been on the smaller side. Now in August I decided to deploy a larger amount of cash. Of the names you mention, I think CAH my fit my bill the most. I’m continuing to watch that name as it has been steadily declining for several weeks. Thank you for stopping by and commenting.

    • Hi DD,

      It was a massive haul indeed. If you recall, for the last several months my buys have been consistent but on the smaller side. With “extra” cash sitting on the sidelines I decided to deploy into high quality, “traditional” dividend paying stocks and further strengthen my portfolio with high caliber names. The second half of 2017 should reflect some greater passive income for sure. Thank you for sharing your thoughts.

    • Hi Jay,

      This was a big buy for me. I decided to “spread my bets” across more traditional dividend paying stocks and continue building my passive income stream. I know many do not like KO as it still trades at a premium but, then again, so do most high quality dividend paying consumer staples. You can make the case that PG, CL, CLX, KMB and more are all expensive but sometimes quality comes with a premium attached. KO has been making some good moves to the upside as of late. If the dollar remains weak that trend should continue. Thank you for commenting.

    • Hi FerdiS,

      This was my biggest month for investing by far. My previous buys, for the last several months have all been on the smaller side and with some cash sitting on the sidelines I just felt the need to deploy and continue building my passive income stream. As you can see from these buys I went with more traditional names in the DGI space as opposed to TEVA my recent stinker 🙂 As always, I appreciate your comment.

  4. That’s a nice list of stocks Div Hut. I actually added PFE to my portfolio as well in August. You’re right about the fact that sometimes you just have to ignore the noise and follow you’re investment strategy. It helps to keep focus and to keep things in perspective.
    Dividend Portfolio recently posted…How I Invested $15,000My Profile

    • Hi DP,

      It can be tough to ignore the noise as we are bombarded by negative headlines constantly. Negative headlines are more sensational which always translates to better ratings. During the best of times and the worst of times there will always be negative headlines so it’s always best to stick with your plan and keep investing. If stocks rise another 50% or decline by 50% I’ll still be making my monthly buys. Nice to be a fellow PFE shareholder too! Thank you for commenting.

  5. Hi DH,

    These are some good choices. However, I see a few issues with valuation on a few of these stocks.

    I own SO, PFE, and D from your list. All good choices but not adding right now as I believe they will get cheaper.

    Did you see the news about SCG? They pulled request to abandon SC plant? SO might do the same, given concerns from state lawmakers. If that happens, I would expect SO to get cheaper and that’s when I want to buy it with >5% yield. Even if that doesn’t happen, they still have to right off that kemper plant.

    GE is on my watchlist, however, it is not where I need it to be for me to push a buy button. I also want to see what the new CEO does with the company and if there is any policy shift in dividend allocation. They don’t have the best dividend history or recent growth.

    PG is a great company, but it looks quite expensive given its FG PE of 23.4 which is the highest multiple it has been since 2003 while the dividend yield is only 3%.

    Given 10-YR Treasury note is currently yielding at 2.225%, which is already higher than the broader S&P 500 yield, the 10-YR can reach 3% in not so distant future. It will make these 3% divi stocks less appealing to investors.

    Now, you may argue that in long-term it may not matter, but again I would remind you that the price you pay always matters in the long term as it is the cost of investing that determines your profit margin as well as YOC.

    I see similar issues and more with KO, too expensive and they are facing some secular changes in how their brand and products are viewed by the younger generation. I’m not a millennial, but I don’t use or like their products because I care about my health and well being, so I would never buy KO.

    Sorry for the long comment, it’s just that I like to hear more about why someone decides to buy a certain stock. I’ve learned more about investing from other people than by any other method, therefore it’s always educational for me to understand other people’s buying rational.

    Thanks for sharing and all the best,
    Mr. ATM
    Mr. ATM recently posted…How To Know When To Sell A Stock?My Profile

    • Hi MATM,

      You’ll hear no argument from me regarding valuations for many of these buys. I will be the first to admit that some of these companies are trading at rich valuations based on current and future earnings but sometimes I feel the need to buy quality dividend payers at a premium because it’s just “worth it.” Sometimes you have to pay up for quality. Each of these stocks I plan to keep in my portfolio for the foreseeable future and over the long haul I’m sure will continue to do well and provide a reliable dividend income stream to me. If I see SO at a 5% yield or better I’ll be buying more, that’s for sure. Many utilities are currently looking attractive which is why I have been reading other bloggers buying SO and D among other names. Regarding KO, I think they are making certain moves to adapt to changing consumer tastes. Just like HRL, GIS and others are moving towards fresh and organic offerings so is KO with many still options, organic juices and even trending beverages such as coconut water. Sure, soda sales are in decline but other segments continue to show growth. I’ll stick with KO for now. I appreciate your comment and opinions shared about my buys. That’s one of the great benefits of running a real world investing blog. You get to hear first hand about the likes and dislikes of certain moves made within a portfolio.

    • Hi DI,

      SO has been pretty popular as of late while GE still continues to get dirty looks from many online. I understand that it’s not the most popular name these days but its value and yield is really starting to look too good to ignore. Thank you for stopping by and commenting.

  6. Hey DH,

    i see you were shopping big time;-). Definitely a boost to your income…I’ve been thinking about Pfizer for some time now, but haven’t pulled the trigger. They are on my list but not top priority. SO has dropped recently and the yield is very attractive, maybe i add some shares to my position.
    GE is good, but i like the german rival SIEMENS better.

    Keep going,
    DividendSolutions

    • Hi DS,

      This latest August buy has been a big one for me. It’s rare that I deploy that much cash all at once but with some extra funds sitting on the sidelines I felt compelled to deploy it. These buys should make their mark on my second half 2017 totals. Keep watching the names you mentioned. SO has been quite popular as of late and so has PFE and GE as their prices remain fairly weak. Either way, as long as those dividends continue to roll in I’ll be happy whether or not prices fall or rise in the near future. Thank you for commenting.

  7. Wow, that’s a buying spree you’ve got there! Nice going. I do understand why you buy these companies. You can’t go wrong dividend wise. However, for me personally valuations are a bit to high for most of them. Still, you are going to see some nice results because of this in the 2nd half of the year.

    Good luck and happy investing!
    Pursuit2Freedom recently posted…Dividend income of JulyMy Profile

    • Hi P2F,

      No arguments from me regarding valuations for some of these buys. I admit that some are on the high side of the spectrum however from a dividend standpoint all seem to be safe with room for future growth which is why I decided to add more quality names to my portfolio. Thank you for sharing your thoughts.

  8. Well Divhut, I don’t know what more to say. That is one heck of a buying spree that I am pretty darn jealous of. Nice job and I LOVE some of the names on that listing. I do not own D or SO from the utility industry, but have reviewed them in the past. Man it is inspiring to see you continue to add and build your portfolio over time. Take care

    Bert
    Dividend Diplomats recently posted…Dividend Investing to Take Back ControlMy Profile

    • Hi DD,

      It’s rare for me to go for such a huge buying spree in any single month. If you recall, most of my buys for the last several months have been on the small side and with cash sitting on the sidelines I just felt compelled to put it to work. We’ll see Dow 25K or 15K before we know it. Either way, money is being put to work and that dividend income stream continues to grow and that’s what being a dividend growth investor is all about. D and SO are both popular names and appear in quite a few long term DGI portfolios. Might be worth a look. Thank you for stopping by and commenting.

  9. I’ve just added GE myself, too. As the patience for Trump Administration runs out the market is going to go down further. Warren Buffett has been dumping the stock since the 2nd quarter… GE got hit hard. It’s downing from $35 to $24.xx this AM.

    I’m watching PFE … as pharmaceuticals might get hit a bit further. We’ll see though.
    Vivianne recently posted…Recent Buy – TEVA $TEVAMy Profile

    • Hi Vivianne,

      GE continues to look ever more attractive as its price keeps sliding. I know there are many who do not like GE at current levels and I can understand that. Of course, the best time to buy a stock is usually when everyone else is dumping on it. We’ll see how the rest of August unfolds. So far the month has been pretty strong but cracks have already appeared. As always, I appreciate your comment.

  10. Nice stock acquisitions of solid companies. KO is always on my watchlist, bought 76 shares last year at around usd 40 and will increase my positions over the years.
    Procter and Gamble is another great company I always have an eye on.
    I added Henkel and ReckitBenkisser in July and August after stock prices came down a bit.
    Cheers

    • Hi FS,

      I went with many solid staple plays with this latest buy. I admit that some of the pick ups might not be trading at the best prices/values these days but their dividends remain safe and sustainable with room for growth and it can’t hurt to load up on quality names in my long term portfolio. Thank you for commenting.

    • Hi HHaWG,

      Nice to be a fellow shareholder with you in so many names. GE has been making the rounds as of late as their stock price continues to falter. No doubt many are liking that current yield which still appears to be safe but that company definitely needs an MCD turnaround story. Thank you for stopping by and commenting.

    • Hi R2R,

      This was my largest buy for any single month since I went the DGI route. For many months my buys have all been on the smaller side and over time I ended up with “extra” cash on the sidelines. I know many are sitting on the sidelines but I’m all about putting my cash to work and if a correction occurs at least all my dividends will reinvest at lower prices 🙂 As always, I appreciate your comment.

Leave a Comment

CommentLuv badge