Pfizer Inc. (PFE), Cisco Systems, Inc. (CSCO) & Billionaire Ken Fisher’s +3% Yielders

Fisher reported a position of just over 30 million shares in General Electric Company (NYSE:GE) at the end of March. General Electric Company (NYSE:GE) is another company which analysts are expecting to improve considerably over the next couple years in terms of EPS: it is valued at 13 times consensus earnings for 2014, a multiple a good bit below the trailing P/E. Earnings did well in the first quarter of 2013 versus a year earlier, but revenue was actually flat and so we’d be skeptical that the company can sustain a similar level of growth on the bottom line. Billionaire David Shaw’s D.E. Shaw increased its stake in GE by 35% during the fourth quarter of 2012.

The fund disclosed ownership of about 18 million shares of Wells Fargo & Co (NYSE:WFC). While many large banks are trading at the book value of their equity or even at discounts to that figure, Wells Fargo & Co (NYSE:WFC) carries a P/B ratio of 1.4. However, the bank has done better than its peers at converting its assets into earnings; as a result, its trailing and forward earnings multiples are in the 10-11 range, about even with where peers such as Citigroup or Bank of America are trading. Warren Buffett’s Berkshire Hathaway is a major investor in Wells Fargo (see Buffett’s stock picks).

Disclosure: I own no shares of any stocks mentioned in this article.