We try to follow investors who have been successful, and few have had the success of Warren Buffett. So when we saw that Buffett was an investor in Moody's, we took notice. The investment accounts for 5.1% of his portfolio. Among his other major holdings is Coca-Cola(KO Quote).
Another all-star investment fund that owns Moody's shares is Atticus Capital. The firm, which has $13 billion of assets under management, invests in global securities markets on behalf of major institutions, endowments, pension funds and private investors. Atticus recently added to its positions in Goldman Sachs(GS Quote) and Morgan Stanley(MS Quote). With Moody's, we have a company committing to repurchase a large chunk of stock, outstanding second-quarter earnings, analyst support and some of the best investors out there buying up shares. Next on the list is Proctor & Gamble(PG Quote). The consumer-products giant last week introduced a new three-year buyback plan worth up to $30 billion. At the company's current market cap of $200 billion, the repurchase plan would account for 12% to 15% of its outstanding shares, and the buyback rate of between $8 billion and $10 billion a year makes the new plan significantly more aggressive than last year's repurchase of $5.6 billion. The maker of Pampers and Oil of Olay beauty products also saw fourth-quarter profits surge 19%. The company beat forecasted earnings with profit of $2.3 billion, or 67 cents a share, for the quarter ended June 30, up from $1.9 billion, or 55 cents a share, in the previous year. Sales of its Gillette products continue to drive P&G's revenue, with blade and razor sales increasing 18% to $1.4 billion. Total sales increased 8% to $19.3 billion.- Loading Comments...
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