It’s that time of the quarter again, when we get a sneak-peak into the latest portfolio changes of two of the world’s richest men, Warren Buffett and Bill Gates.
These billionaires should be some of the best-informed investors on the planet, so it’s always interesting to see which stocks they’ve been loading up on… and which ones they’ve been dumping.
Today, we’re reporting on the Bill & Melinda Gates Foundation Trust’s latest portfolio changes.
Here’s a summary of what it bought and sold for the quarter that ended June 30, 2012…
Bought
- Bought 252,558 shares of Cemex (CX)
- Bought 153,300 shares of Toyota Motors (TM)
- Bought 850,000 shares of Wal-Mart (WMT)
Sold
- Sold 5,000,000 shares of Berkshire Hathaway (NYSE: BRK.B)
All told, the Foundation now owns 10.6 million shares valued at nearly $785 million.
By simply holding this stock, Bill Gates should collect roughly $4.2 million in dividends over the next 3 months alone.
And if Wal-Mart continues to raise its payments like clockwork, that number should grow higher and higher over time.
Regular readers should already be familiar with the long-term income potential this stock could offer.
In fact, it’s our single favorite stock to own today… and it’s one of our favorite stocks to own for a lifetime of safe, reliable and ever-growing dividends.
Interestingly, the stock is already up 27% since our “BUY” recommendation back in January.
That’s an incredible move in such a short amount of time for a company of its size.
But it’s also clear evidence of what Brian Hunt has been telling us all year: that the “new momentum trade of 2012″ is in blue-chip dividend stocks like Wal-Mart (WMT) and Coca-Cola (KO).
Action to Take: In case you missed it, be sure to check out last week’s alert on Wal-Mart and Coca-Cola. In short, while shares of both companies are certainly due for a breather, history suggests they could soar even higher from today’s levels.
Good investing!
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