Recent Stock Purchase II June 2016

It sure has been a long time since I made two or more separate buys in one month. The last time I made multiple buys in a month was January of this year. I guess it kind of gives a little insight as to what I think about the market these days. While I don’t find the current conditions in the market as particularly attractive for investing, I still, nonetheless, am making my usual monthly buys. After all, time in the market beats timing the market and one of my investing mantras is to remain consistent with my buying in all market conditions. That being said, I’m happy to be able to stick to my monthly stock considerations road maps and:

 

I have added to my taxable account 21.3864 shares at $37.41 for a total investment of $800.00 in Abbott Laboratories (ABT). With this recent purchase my taxable account holdings in ABT now totals 77.3372 shares for a market value of $2,982.90.

 

This buy complements my earlier purchase this month in AbbVie Inc. (ABBV) as I added 13.3206 shares at $60.06.

 

While I’m a big fan of the Canadian banks I think it’s time to diversify my income stream a bit more and focus on some of my smaller holdings in other sectors. Making two buys this month in the health sector is a step in that direction. Of course, should values and yields become very tempting north of the border I may nibble on the banks some more. In the meantime, my focus will shift to other sectors.

 

What do you think about my recent buy? Is ABT or another stock on your June watch list? With the market bouncing all over the place has it got you thinking about sitting on the sidelines? Please let me know below.

 

Disclosure: Long ABT, ABBV

20 thoughts on “Recent Stock Purchase II June 2016

  1. I like the buy DivHut, as it’s a solid company. I’ve had both ABBV and ABT on my watchlist for awhile now and would love to initiate positions in either or both soon. However, finding the funds has eluded me, as I continue to add to my existing holdings for the most part since none are really full positions. Thanks for sharing and I’ll be on the lookout to pick up ABT or ABBV very soon.
    Special Agent Dividend recently posted…Dividend Income – JuneMy Profile

    • Hi SAD,

      Like you, I’m also adding to my current positions at this time and for the foreseeable future. The only way I see myself initiating a new position is if we get a real market meltdown of 20% or more. For now the focus will remain on my current holdings with a preference to adding to my health stocks. Thank you for stopping by and commenting.

    • Hi JC,

      Like you, I invested in ABT originally as I liked the whole and not the sum of two halves after the stock spin off. Still, both names are solid in their respective space and going forward I think both will pay growing dividends for many years to come. If possible, I’d love to continue adding to my health stocks and like most people I’m still waiting for better pricing. Names like BDX, JNJ and more seem a bit out of reach at this time. As always, I appreciate your thoughts.

    • Hi FV,

      It’s all good. We each have our own preferences. ABBV was my buy last week and I’m happy to be able to add to both holdings at this time especially being able to take advantage of temporary better pricing courtesy of the Brexit panic. Thank you for your comment.

    • Hi IH,

      Thank you for your kind words. As I mentioned in my post, it’s been a long time since I made more than one buy in a particular month. Adding to my ABBV and ABT at this time served two purposes as 1) it allowed me to buy something other than a Canadian bank and 2) I was able to take advantage of temporary better pricing because of the Brexit panic. Thank you for stopping by and commenting.

    • Hi MGUK,

      Glad you like my recent pick up. I have been wanting to diversify out of the Canadian banks for some time and figured it was as good a time as any to pick up some health stocks with ABBV and ABT increasing my health sector stakes. Even at these lofty level they present decent value. Nothing great but I’ll take it. Of course, the Brexit fallout helped a bit with temporary better pricing. Thank you for sharing your thoughts.

  2. DivHut,

    Pretty cool to see you stacking in on current investments as opposed to brand new ones. Those divvys are going to be able to scoop you up more and more shares. Congrats on the purchase, I was damn close earlier this week to pulling a trigger!

    -Lanny
    Dividend Diplomats recently posted…Every Dollar CountsMy Profile

    • Hi DD,

      I don’t often add new names to my portfolio. While I have a watch list of potential new companies I’d like to add it’s a rare occurrence. For the foreseeable future I plan to continue building on my current holdings and if we ever get that major correction, I may look to initiate a new position then. As always, I appreciate your comment.

  3. Hey DH,

    I bought a bunch over the past two months. Compared to the rest of the market ABT seems to be fair value or not as overvalued. I think ABT will transform into a growth stock over the next 3-5 years but the dividends should be well covered.

    • Hi tbdi,

      My main concern with any purchase I make is making sure the dividend is always covered with room for future growth. I agree that long term ABT show the promise of continuing on its dividend raise path which was one of the reasons I added to my current holdings. Great values in the space are hard to come by but OK values can still be found. Thank you for commenting.

  4. I would personally love to add some healthcare companies to my portfolio, however I find it to be slim picking within the TSX (particularly when looking for dividends as well). And for me, it just doesn’t make too much sense at the moment to start dipping into specific US stocks.

    Stock looks pretty good and it looks like you picked it up on the BREXIT discount 🙂
    Dividend Wisp recently posted…May 2016: Income and ExpensesMy Profile

    • Hi DW,

      Whenever the market wants to discount some high quality dividend paying stocks I’ll take a nibble. Who knew we’d be experiencing a true roller coaster ride in just a matter of one week. Looks like things are back to status quo and good values are becoming harder to find once again. Of course, the next time the market will be in free fall I’ll keep an eye out for those health stocks and more. Thank you for stopping by and commenting.

    • Hi TMB,

      The health stocks are a category that I’m looking to increase my overall weighting long term. Of course, getting a nice pullback as we did last week is always a nice opportunity to add to quality stocks at better pricing, value and yield. Thank you for commenting.

  5. Love the buy Divhut. I dig the complimentary purchases from earlier. The stock market has been weird during the first half of the year. The market has been streaky and sadly, it has streaked upwards for longer periods than downwards. When you see an opportunity, you have to take it. Even if you end up buying more stocks in a month than you typically do. Great buy and add to your portfolio!

    Bert
    Dividend Diplomats recently posted…Bert’s Recent Buy – Target (TGT)My Profile

    • Hi DD,

      I totally agree with you that buying stocks when opportunities (market declines) present themselves is important. Too often people become paralyzed and fail to pull the trigger when large drops occur and the financial headlines speak of doom. I’m happy with my June buys overall adding to my positions in both ABBV and ABT. I like both names long term and both offer sustainable dividends which is one of my primary concerns. As always, I appreciate your comment.

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