I’ve tweaked the Portfolio over the past couple of trading days…. 2 buys and 2 sells. One of the sells was outlined my most recent Portfolio Thoughts posts. Here are the transaction details…
On 8/3/17, I sold 50 of my 129.39 shares at $63.18/sh, for a total of $3,158.93.
I had averaged down over the past year as VFC dropped in price. Once the recent price recovery drove the price past by original buy point for those 50 shares, I decided to take them off the table, leaving me with the lower cost basis shares. The sale resulted in a small Long-Term Capital Gain (LTCG) of $26.53, and a reduction of $84.00 in annual forward dividend income.
On 8/3/17, I purchased 60 additional shares at $52.8999/sh, for a total of $3,173.99.
This position is now at 185.73 shares, a little more than I want, despite my desire to increase my percentage of Information Technology holdings. I’m thinking I’ll have these shares replace the 60 QCOM shares I bought back in June 2015 at $65.53/sh. I’m hoping the stock price creeps up over the course of the next 3 months. If it does, I’ll probably sell the shares from June 2015, either with a gain if it moves up far enough, or at a loss if need be, harvesting the loss for tax purposes. This purchase results in $136.80 in annual forward dividend income.
On 8/3/17, I purchased 30 additional shares at $68.70, for a total of $2,061.00.
This position is now at 91.417 shares. CAH reported earnings this week and had a decent nosedive. I decided to average down a bit, adding about 50% more shares to the position. This purchase results in $55.49 in annual forward dividend income.
On 8/4/17, I sold 100 of my 405.618 shares at $41.7621/sh, for a total of $4,176.11.
This was a possible transaction that I’d discussed in the most recent Portfolio Thoughts post. AL was my largest position in the Portfolio before the sale, and actually still is even after the sale, but not by such a wide margin now. With the run-up in price just prior to, and just after their earnings release, I was able to reach the target price of $41+ I was looking for, and thus decided to trim the position. The 100 shares I sold were from a purchase back in Dec. 2013. The sale resulted in a LTCG of $1,075.11, and a reduction of $30.00 in annual forward dividend income.
The net result of all this activity is an additional $78.29 in the annual forward dividend income, as well as roughly $2100 more in the cash account… now to find an opportunity in which to deploy it.
Any thoughts on these transactions? Do you like how they impact the Portfolio? What are you looking to buy/sell?