Warren Buffett’s Long-Term Dividend Holds: Sanofi SA (ADR) (SNY) and More

International media and marketing company Gannett Co., Inc. (NYSE:GCI) gave impressive performance stretching back a year, netting a double-digit rise in share price spurred along by consistent earnings beats every single quarter. While overall sentiment is still positive for the stock, some analysts are becoming tepid as Gannett’s core business (newspaper sales) has seen more competition from the likes of News Corp (NASDAQ:NWSA) and falling circulation numbers from consumers. However, the stock continues to earn investors like Buffett a yield of 4.1%, which, when matched with the startling performance of the stock last year, means a respectable growth and income investment for those who have been in on a longer-term scale. Billionaire David Harding upped his position by 30% according to his last 13F filings.

Sanofi SA (ADR) (NYSE:SNY) is another high-dividend healthcare play on our list, earning a still-respectable yield of 3.6%. Once again, the stock provided significant gains on both the income and growth fronts for Buffett, despite their last quarterly earnings report showing negative growth in revenue versus the same quarter a year prior. Forward price-to-earnings ratios show a decline versus the same ratio calculated with the last twelve months earnings. We expect the stock price to come down to meet the reduced P/E numbers, as SNY will have to battle government regulations and increased distribution of generics in 2013. Abrams Capital Management maintains a $50 million position in the stock.

Last on our list of Buffett’s long-term dividend plays is General Electric Company (NYSE:GE) . GE barely made our list, as Berkshire Hathaway cut their position by almost 90% going into their Q3 13F filing last year. The fund started with roughly $140 million invested in the stock, yet only $13 million is left after they unwound that trade. Buffett is most likely taking profits here, as the stock has given a 25% return since the start of 2011. Additional income was given in GE’s 3.4% dividend yield. Steve Cohen of SAC Capital Advisors mirrored Buffett’s approach and reduced his bullish call position by over 60%.

The article Warren Buffett’s Long-Term Dividend Holds originally appeared on Fool.com and is written by Jake Mann.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!