The purchases continue! I’ve got a couple more Portfolio transactions to provide an update for. Only one stock was involved though.
I’ve added to my smallest holding… twice… and now it’s moved out of my Portfolio cellar.
This stock is a very new holding (only established last month) and it started out small. So, building this position was to be expected.
It’s an addition to my Consumer Discretionary sector, where I am a bit underweight relative to the corresponding sector in the S&P 500.
Let’s check out the purchase details…
Whirlpool (WHR)
With my WHR position being only 1 month old, I don’t want to rehash too much. You can get my thoughts on that initial purchase in this post… Recent Buy – WHR.
As for these two new WHR purchases, here’s what transpired…
On 2/8/23, I bought 6 shares of WHR at $143.991, for a total of $863.95. The stock was yielding 4.86% at that price, which is 2.1 percentage points higher than my current Portfolio average of 2.76%.
With this first purchase, WHR had dipped a bit in price relative to my initial buy last month, so I chose to build out my position while averaging down just a skosh. I doubled my position size with this first addition.
On 2/16/23, I bought 3 more shares of WHR at $145.47, for a total of $436.41. The stock was still yielding 4.81% at this price.
As for this second buy, with WHR still residing at the bottom of my Portfolio ranks, I decided to keep adding. The price was still hovering in the neighborhood of my initial purchase, so I added a few more shares, enough for WHR to no longer be called my smallest holding.
So, after buying 9 total shares with the two purchases, my share count climbed to 15 shares. My WHR cost basis settled at $144.89/share.
Both of these purchases were before the next ex-dividend date, so they will add to the WHR dividend amount I’m expecting in March, which will be my first WHR dividend.
My Portfolio’s annual forward dividend income rose $42 with the first purchase, and another $21 from the second. Thus, $63 all totaled.
When all was said and done, WHR became my 2nd smallest Portfolio holding. It still trails Medical Properties Trust (MPW), but it leapfrogged NextEra Energy (NEE), which is once again my cellar dweller.
With WHR being an existing holding, the number of stocks in my Portfolio stayed at 60.
Summary
My February purchases continued. Buys #2 and #3 are now in the books, and both were purchases of WHR.
Though the two additions were relatively small, combined they were enough to have WHR no longer be my smallest Portfolio holding (it’s now only the 2nd smallest).
My WHR position grew by 1.5x after the two buys. My cost basis dropped a little as well.
The purchases resulted in a total investment of $1,300.36 into my Portfolio. My forward dividend income increased by a combined $63.
I look forward to my first WHR dividend in March. In the meantime, I’ll be on the lookout for another dip in the stock price and a chance to keep building my position.
Have you added to a particular portfolio stock more than once in 2023? If so, which one(s)? Are you a WHR shareholder? If so, for how long? Please share in the comments!