As the financial headlines and talking heads all discuss a “rotational shift” in the stock market, we are suddenly presented with new buying opportunities in whole sectors as well as individual companies that have not been available to us in a long, long time. We have already witnessed the entire REIT sector, especially health REITs, fall off a cliff in recent weeks giving us more attractive buying opportunities in some amazing companies such as LTC Properties Inc. (LTC), Ventas, Inc. (VTR), Welltower Inc. (HCN), Omega Healthcare Investors Inc. (OHI), HCP, Inc. (HCP) and more. Of course, the consumer staples have not been spared either as many traditionally expensive stocks have started to fall back to earth giving us some better prices, values and yields. Names like The Procter & Gamble Company (PG), Kimberly-Clark Corporation (KMB), Colgate-Palmolive Co. (CL), The Clorox Company (CLX) and many more are all down over the last month. I think it’s safe to say that as long term dividend investors we wouldn’t mind seeing these consumer staples continue to fall further as the sector as a whole rarely offers us “sales.”
I am continuing to watch several names within the consumer staples sector and have made a second buy in as many weeks this month. It’s been a while since I have made back to back purchases one week after the other but as we all know “Every Dollar Counts,” which is why I am continuing to put whatever cash I have to work for me in my dividend growth portfolios. With that being said let’s take a look at my recent stock purchase:
I have added to my ROTH account 15.0000 shares at $39.09 for a total investment of $586.35 in Unilever PLC (UL). With this recent purchase my ROTH account holdings in UL now totals 85.5645 shares for a value of $3,350.71.
UL was one of my picks in my November stock considerations and under $40 a share is a price I like and am willing to pay. This relatively small buy was commission free.
What do you think about my recent buy? Are you planning to rotate into the newly “hot” sectors or pick up some beaten down dividend stalwarts instead. Please let me know below.
Disclosure: Long VTR, HCN, HCP, PG, KMB, CL, CLX, UL