The Yacktman Fund (Trades, Portfolio)'s stock selection process is highly focused on evaluating companies from the bottom up and it aims for long-term results . The only two positions Yacktman managers elected to increase in the second quarter were: Sysco Corp (SYY) and Avon Products Inc. (AVP).
Yacktman also increase the Avon Products position by 10.95%, adding 1.5 million shares. He holds 15.2 million shares in total, worth 1.38% of his portfolio. Avon Products shares traded for $7 on average for the quarter. Avon Products Inc. has a market cap of $2.52 billion; its shares were traded at around $5.80 with and P/S ratio of 0.31. The dividend yield of Avon Products Inc. stocks is 4.15%; Annual Divident yield - 4.15%.
The overall downtrend continues from 2010. The position of Donald Yatsktman perhaps provides end of the trend.
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