In our continued study of what Goldman Sachs (GS) money managers are doing, below are the other 15 largest positions held by this investment bank's mutual funds right now. As always, use the names below as a starting point for your own research.
Occidental (OXY): Goldman decreased their holdings in this oil and gas exploration company by 16.22%. With a market cap of $79B, the stock pays a $1.84 (1.90%) dividend and is trading at a 17.59 P/E.
Bank of America (BAC): Goldman’s holdings in BAC, which has faced an eventful past few months, increased by 13.25%. With a market cap of $141.49B, the stock yields a 0.30% dividend. The stock is trading at a relatively low price/book ratio of .65. As we wrote about here, we hate Bank of America and think Buffett was spot on when he dumped shares.
Cisco (CSCO): With a decline in holdings of 18.32%, Cisco now comprises .70% of the Goldman portfolio. The stock is trading at a P/E of 12.86, and has a market cap of $93.98B.
Education Management (EDMC): Holdings in the for-profit education firm barely changed, with a .02% decrease. The company has a market cap of $2.61B, and is currently at a 10.80 P/E ratio.
Vanguard Emerging Markets Stock ETF (VWO): Although Goldman funds increased holdings in EEM substantially, stakes in VWO remained almost even, with only a .54% increase in holdings.
Baxter International (BAX): Goldman’s stake in BAX declined by 16.16%. Baxter has a market cap of $29.58B and offers a $1.24 (2.40%) dividend. The stock is trading at a 21.36 P/E multiple.
Procter & Gamble (PG): Stakes in PG fell by 4.65%. The company has a market cap of $169.25B, with a current P/E of 16.47. PG also pays out a yearly dividend of $1.93 (3.10%).
Exxon Mobil (XOM): The energy behemoth fell out of favor with Goldman, as they reduced their holdings by 14.72%. Exxon is the largest company in the world by market cap, worth $402.44B. The stock is trading at a 13.05 P/E ratio, and pays a $1.76 (2.10%) dividend. As we wrote about earlier this week, we think Exxon is a good name to hold if the Fed withdraws QE2 this year.
Cobalt International (CIE): Cobalt, an oil and gas exploration company, saw their holdings by Goldman stay exactly the same. Cobalt is one of the smallest companies among Goldman’s top holdings, with a market cap of $5.24B. The company had negative earnings over the last year.
Johnson & Johnson (JNJ): Goldman reduced its holdings in JNJ by 26.72%. JNJ has a market cap of $159B and offers a $2.16 (3.70%) dividend. It is trading at a 12.15 P/E ratio. Buffett has also always loved JNJ, as we wrote about here.
Coca-Cola (KO): Other than Genzyme, Coca-Cola was the biggest gainer in terms of Goldman’s holdings, with the investment firm increasing their stake by 76.45%. With a market cap of $142.89B, KO is trading at a 12.31 P/E multiple and is yielding a 2.90% dividend. This is a great dividend oxen to plow your portfolios yield harvest.
Costco Wholesale (COST): Holdings increased by 6.06%. Costco is trading at a P/E of 22.40, and offers a $0.82 (1.10%) dividend. The company has a market cap of $30.77B.
Newfield Exploration (NFX): Another oil and gas exploration company, Goldman reduced their holdings in NFX by 2.78%. Newfield has a market cap of $9.35B and is trading at an 18.11 P/E ratio.
Staples (SPLS): Holdings in Staples were reduced by 1.62%. Staples is trading at a P/E of 16.10 and offers a $0.40 (2.00%) dividend. It has a market cap of $14.02B.
MasterCard (MA): Joel Greenblatt also loves this stock. Holdings in MasterCard increased by 30%, up to .54% of the total Goldman portfolio. MA is trading at a 17.35 P/E ratio and pays a $0.60 (0.20%) dividend. The company has a market cap of $31.83B. If you’re looking for some other ideas in the credit card space, we actually like American Express (AXP), as we wrote about here.