News Corp (NWS), The Procter & Gamble Company (PG), PepsiCo, Inc. (PEP): $16B Fund Bullish On A Number Of Stocks

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The value of the fund’s stake of Cisco Systems, Inc. (NASDAQ:CSCO) advanced to almost $1.1 billion, from $1.03 billion in the previous 13F. The holding in the fund’s equity portfolio has slightly declined to 52,439,220 shares, from 52,443,161 shares. The stock is trading at a forward P/E of 9.94. In the second quarter of fiscal 2012, Cisco Systems, Inc. (NASDAQ:CSCO) posted EPS of $0.59 GAAP.

Final thoughts

The entirety of Yacktman Asset Management’s 52 positions in its most recent 13F filing reflect that the fund is taking a diversified approach toward the future, unlike many of his more, sector-centric peers. The fact that its top five picks and some other smaller stakes involve companies who are generally leaders in their industries, shows a strong conviction is present in Donald Yacktman’s investment psyche at the moment, an important thing for piggybackers to consider.

Disclosure: none

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