In the Equity Income model portfolio: selling Exelon Corp. (NYSE: EXC) and Darden Restaurants Inc. (NYSE: DRI); establishing new positions in International Paper Co. (NYSE: IP), with a 3.5% yield, and Duke Energy Corp. (NYSE: DUK), with its 5% yield.
In the Growth & Income model portfolio: selling H.J. Heinz Co. (NYSE: HNZ) and Dow Chemical Co. (NYSE: DOW); establishing new positions in Coach Inc. (NYSE: COH), with its 2.2% yield, and Cheesecake Factory Inc. (NASDAQ: CAKE), with its 1.4% yield.
We have shared these key changes outside of our normal analyst upgrades, downgrades and initiations because model portfolio changes are generally for different reasons that the Buy, Sell and Hold recommendations at most firms.
Also speaking of model portfolios, here are the latest changes to Warren Buffett’s stock holdings at Berkshire Hathaway.
JON C. OGG