Recent Stock Purchase May 2017

With the month of May well under way and not much happening in the markets as of late as we have been trading within a range for the last two months or so I felt compelled to look at my May stock considerations and make my first tranche of buys. After all, you already know that timing the market is impossible and we may continue to melt up for many more months or experience the decline we’ve all been waiting for. The bottom line, no one knows when or how deep either move up or down may be so all you can really do in the meantime is find those good relative values and yields and make your moves accordingly. With that being said:

 

I have added to my taxable account 3.0 shares at $189.07 for a total investment of $567.21 in W.W. Grainger, Inc. (GWW). With this recent purchase my taxable account holdings in GWW now totals 11.5577 shares with a market value of $1,671.75. This was a free trade.

 

I have added to my taxable account 9.0 shares at $56.00 for a total investment of $504.00 in General Mills, Inc. (GIS). With this recent purchase my taxable account holdings in GIS now totals 111.7134 shares with a market value of $6,412.35. This was a free trade. I also hold 8.0 shares of GIS with a market value of $459.20 in my ROTH account.

 

I have added to my taxable account 11.0 shares at $44.55 for a total investment of $490.05 in Bemis Company, Inc. (BMS). With this recent purchase my taxable account holdings in BMS now totals 35.7392 shares with a market value of $1,615.41. This was a free trade.

 

In total, I put $1561.26 of fresh capital to work so far in May. As you can see my buys in each position was small as I was able to take advantage of commission free trades credited to my account. Going forward I still am considering new positions in QUALCOMM Incorporated (QCOM) and PPL Corporation (PPL) as well as any other surprise drops that may come along the way which seems to occur fairly often when companies miss on earnings or offer lower guidances. In either case, I’ll be watching.

 

What do you think about my recent purchases? Have you been buying these same names after their big price drop? Please let me know below.

 

Disclosure: Long GWW, GIS, BMS

41 thoughts on “Recent Stock Purchase May 2017

    • Hi BHL,

      I’ll keep buying every month as I have been since I became a DGI “convert.” Seems like GIS is the name of the day as more and more of our peers are buying this stock as it continues to be beaten down. Thank you for commenting.

    • Hi DD,

      Thank you. I’ll keep nibbling on names that people are sour on. Thank you for stopping by and commenting.

    • Hi JC,

      You know me… I’m buying at least once a month no matter where we are in a market or economic cycle. Consistency is one of the keys to long term dividend growth success. As always, I appreciate your comment.

    • Hi Jay,

      I still have quite a few of those free credits in my accounts which will enable me to continue with these nibbles every month. Whenever I have some free cash I tend to deploy it pretty quickly. Dollar cost averaging has worked out pretty well so far. Thank you for commenting.

    • Hi FV,

      I’ll take those free trades whenever I can get them. Believe me, they are credited to my account because of a complaint and they just want to keep me a happy customer. In the end, as you stated, it enables me to ease in smaller amounts of cash at a time. As always, I appreciate your comment.

    • Hi SAD,

      In recent weeks there has been no shortage of names to invest in as GIS continues its slide, BMS, GWW, ADM all swooned within a day and QCOM and others are also showing weakness so I totally understand when you say that something else catches your eye. I guess the good thing about all of this is that even though markets are at all time highs there are plenty of individual, solid stocks to consider buying. Thank you for stopping by and commenting.

    • Hi FV,

      Glad you think I made some pretty good buys. These names are becoming quite common as of late as many of our DGI peers have been buying GIS, GWW and others as they falter in the near term. I appreciate your comment.

  1. GWW is a great buy. What a great timing on GIS! I think with market being at the top, you’ll have to buy beat up stocks. Great timing will put you ahead. However, the dividend yield differential is negligible overtime. Timing in the market is still relevant, especially when you stick to the S&P 500 stocks, the chart for S&P 500 is up and up over a long period of time.
    Vivianne recently posted…Recent Buy – Verizon VZ $VZMy Profile

    • Hi Vivianne,

      GWW has been a good stock to hold long term. I’m amazed at how much it has grown over the years and also how much it has fallen in recent months as well. While it won’t ever be a large part of my portfolio I still feel comfortable holding on to this name. It seems like I’m not alone in buying GIS these days. Seems like almost every post I read has a GIS buy mentioned. It’s for good reason. It’s still a solid staple offering a safe dividend that’s just going through some near term headwinds. I am confident these “bad” times will pass for GIS. Thank you for sharing your thoughts.

  2. Nice buys, I especially like GIS as I am a fellow shareholder of them. My position with them is nowhere as big as yours though. But those “boring” stocks are the way to go for long term. I have been looking at QCOM as well, but I keep finding other companies at good value I buy instead.
    Dividend Daze recently posted…Recent Buy – Realty Income Corp (O)My Profile

    • Hi DD,

      Of course, I’m happy to be a fellow shareholder with you in GIS. It’s no wonder GIS can be found in many long term DGI portfolios. I think that says a lot. As you know the best time to buy a stock, or anything for that matter, is when no one wants it. While it’s not a guarantee of success it does give you an edge to be ahead of the crowd once things turn. Just look at how sour every expert and analyst was on MCD just a couple years ago. MCD was dead. An old guard fast food chain serving unhealthy food that no consumer wanted. How things change… and these days every talking head is touting MCD’s greatness. Give me a break. Same with GIS, HRL and others today. These are very much unloved stocks but will continue to have a home in my portfolio. Thank you for commenting.

    • Hi DD,

      Thanks for that vote of confidence. I remember many months when we complained about not finding any place to add our fresh capital and these days it seems like we have many choices, even as the markets are at all time highs. While it’s no guarantee of future success, I do place a value on long dividend histories. Thank you for stopping by and commenting.

  3. Hi Divhut,

    nice buys there especially General Mills is a very good buy at the current price. I am already curious when you are purchasing Qualcomm and PPL 🙂

    • Hi DI,

      GIS continues to look weak at these levels and has been sliding steadily for a while. As long as that dividend remains safe I’ll continue to nibble. QCOM and PPL are still on my radar for the month. In general, I am slow to add new names to my existing portfolio but I’ll definitely post it here should I make the buy(s). Thank you for commenting.

    • Hi DG,

      I have been nibbling on GWW as it continues its slide. I would buy more shares but at lower levels than we currently see today. While GWW will never be a large portion of my overall portfolio I feel comfortable with some exposure in this space. As always, I appreciate your comment.

    • Hi MGUK,

      Thanks for sharing your recent QCOM buy. Even though I don’t hold any tech names in my account it has caught my eye at current levels as the AAPL lawsuit continues to weigh and that yield remains juicy. We’ll see if I do actually pull the trigger on that name. GIS still looks good to me at these levels but if we see another sharp leg down I’ll by some more. Thank you for sharing your thoughts.

    • Hi DD,

      GIS has been making the rounds among our dividend investing peers. It’s such a solid consumer staple facing near term headwinds which is giving us all much better buying opportunities. The dividend continues to look safe based on current cash flow with room for future increases and that’s good enough for me to continue my nibbling. Thank you for stopping by and commenting.

  4. Very nice list here Divhut – Love the GWW and GIS pickup. I’ve never followed BMS that closely, but I see why you purchased the company. Would like to see a higher yield and dividend growth rate, but the metrics are looking pretty good. A stock I’m going to keep on my watch list here going forward. Thanks for putting it on my radar.

    Bert
    Dividend Diplomats recently posted…Lanny’s April Dividend Income SummaryMy Profile

    • Hi DD,

      BMS is a name that’s not popular among our DGI peers. I have held that stock almost from the beginning of my DGI days and it hasn’t disappointed. The industry they operate in defines “boring” but they manufacture and sell items that are used everyday worldwide. Think about all those boxes, toothpaste tubes, plastic food packaging, etc. that is in every single home being used on a daily basis. Yes, it’s not the fastest dividend grower on the block but it is consistent and has been with their payout and raises for multiple decades. Thank you for commenting.

      • Not to mention the toilet seats! My son has been in BMS for nearly 4 years; it’s been a nice performer for him

        • Hi DH,

          My toilet seat also says Bemis on it, however it’s not the same BMS. Oh well. Can’t own everything.

  5. I was able to fully fund my roth IRA last month. So I bought 38 shares of Air Lease (AL), 10 shares of facebook (FB), 120 shares of Medical Property Trust (MPW), and 100 shares of New Senior Investment Group (SNR).

    While FB doesn’t pay a dividend, and AL only pays a small (but growing) one – having the two REITS brings the yield to 4.25%.
    MrDoublingDollars recently posted…Are Money Problems Ruining Your Marriage? Here Is How You Can Stop Financial Arguments.My Profile

    • Hi MDD,

      Thanks for sharing your recent pick ups. It’s always nice to see buying continue in earnest even when others are selling some or all of their positions to raise cash. Looks like you picked up a really nice yield between your buys even without an FB yield. While I like the health REITs a lot I do not hold either of those names you mentioned. Perhaps I should do some digging? Thank you for stopping by and commenting.

  6. Good buys DH. I bought a good chunk of GWW at $190. I am not planning to make any more purchases. Maybe leave it at this for a few months and see where the market goes. I am happy with the projected portfolio dividend income for 2017 so, not in a real hurry to add more positions.
    Ten Factorial Rocks recently posted…A Better Way to Track WealthMy Profile

    • Hi TFR,

      If your portfolio is already on track to meet or exceed your 2017 income total then you are right ease off adding to your positions though GWW is looking mighty tasty with a yield starting to approach 3%. That’s a high mark for GWW historically. As always, I appreciate your comment.

  7. DivHut you are doing some digging!

    I’ve never considered most of these, and really only QUALCOMM I recognize. I keep hearing they are doing better and better. However, I’m hesitant of hardware companies in general. I’ll continue to follow and see how it’s going.

    Usually, if it’s not a big name, I stay away, but those big names don’t have any great deals right now. =P
    -Andrew
    Wallet Squirrel recently posted…Income Report – April, 2017My Profile

    • Hi WS,

      Being a dividend growth investor means having a consistent approach to investing. For me, that means investing some amount of cash, large or small, to continually build up my passive income stream over time. These days you can still find some ‘big names’ selling at much better prices, values and yields. Even with the market at or near all time highs there are some individual bargains out there. Thank you for sharing your thoughts.

    • Hi MH,

      You are not alone in selling some or all of your stocks in recent months. I have been reading more and more ‘sale’ posts among our investing peers as they wait for a correction and want to have a lot of dry powder to strike when it does. For now, I am pretty much fully invested except for the $500 – $3000 I have each month dedicated to new buys. I’ll just hold through any crash. Thank you for commenting.

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