EVERETT HARRIS & CO /CA/ recently filed their 13F report for the fourth quarter of 2022, which ended on 2022-12-31.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
Everett Harris & Co. is an investment management counsel based out of Los Angeles, California. The company was originally established in 1937 by founder Everett L. Harris and, just one year after its establishment, would become the first West Coast representative of the Investment Advisor Association. Everett Harris & Co. would then be acquired by partners Oliver Crary and James Ward in 1990 and the company now operates with an investment team that has an average of two decades in the financial services industry. The company currently operates with 18 individuals of which 10 are investment professionals and manages a total of over $6.7 billion in assets under management spread across over 1,400 accounts, of which over 1000 are discretionary accounts and the remaining four hundred are nondiscretionary accounts. Both of Everett Harris & Co.’s total number of accounts and total assets under management have been increasing in recent years with its total number of accounts increasing from just over 1000 five years ago to its current amount today and its total assets under management increasing from under $5 billion to experience almost $2 billion in growth since 2010. The company conducts its research bother internally and externally and allocates its assets across a wide variety of sectors. Everett Harris & Co. invests most heavily in the finance and health care sectors, which each make up over a fifth of its total asset allocations, and also invests in the consumer staples, information technology, consumer discretionary, utilities and telecommunications, and transports sectors, among others to a lesser degree, in order of decreasing allocation. The company, in the most recent quarter, had a relatively low turnover rate of approximately 8.4% and keeps its holdings on an average of 24 quarters. Everett Harris & Co. mainly caters to high net worth individuals, which alone makes up over three quarters of its clientele, and also caters to pension and profit sharing plans, corporations, and charities.
As of the latest 13F report, the guru’s equity portfolio contained 255 stocks valued at a total of $5.82Bil. The top holdings were BRK.A(11.50%), AAPL(10.44%), and NVO(7.72%).
According to GuruFocus data, these were EVERETT HARRIS & CO /CA/’s top five trades of the quarter.
Apple Inc
EVERETT HARRIS & CO /CA/ reduced their investment in NAS:AAPL by 93,993 shares. The trade had a 0.24% impact on the equity portfolio. During the quarter, the stock traded for an average price of $142.91.
On 01/21/2023, Apple Inc traded for a price of $137.87 per share and a market cap of $2,183.34Bil. The stock has returned -15.64% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, Apple Inc has a price-earnings ratio of 22.56, a price-book ratio of 43.36, a price-earnings-to-growth (PEG) ratio of 1.30, a EV-to-Ebitda ratio of 16.63 and a price-sales ratio of 5.70.
The price-to-GF Value ratio is 0.79, earning the stock a GF Value rank of 9.
iShares Core MSCI Emerging Markets ETF
EVERETT HARRIS & CO /CA/ reduced their investment in ARCA:IEMG by 98,866 shares. The trade had a 0.08% impact on the equity portfolio. During the quarter, the stock traded for an average price of $44.98.
On 01/21/2023, iShares Core MSCI Emerging Markets ETF traded for a price of $51.21 per share and a market cap of $71.75Bil. The stock has returned -13.48% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, iShares Core MSCI Emerging Markets ETF has a price-earnings ratio of 10.93 and a price-book ratio of 1.56.
Becton, Dickinson and Co
EVERETT HARRIS & CO /CA/ reduced their investment in NYSE:BDXB.PFD by 85,196 shares. The trade had a 0.07000000000000001% impact on the equity portfolio. During the quarter, the stock traded for an average price of $48.23.
On 01/21/2023, Becton, Dickinson and Co traded for a price of $50.48 per share and a market cap of $0.00Mil. The stock has returned -7.70% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Becton, Dickinson and Co has a price-earnings ratio of 43.19, a price-book ratio of 2.85, a price-earnings-to-growth (PEG) ratio of 12.13, a EV-to-Ebitda ratio of 18.88 and a price-sales ratio of 3.76.
The price-to-GF Value ratio is 0.00, earning the stock a GF Value rank of 5.
Jacobs Solutions Inc
During the quarter, EVERETT HARRIS & CO /CA/ bought 31,569 shares of NYSE:J for a total holding of 33,825. The trade had a 0.07000000000000001% impact on the equity portfolio. During the quarter, the stock traded for an average price of $118.72.
On 01/21/2023, Jacobs Solutions Inc traded for a price of $120.06 per share and a market cap of $15.20Bil. The stock has returned -4.47% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Jacobs Solutions Inc has a price-earnings ratio of 24.11, a price-book ratio of 2.52, a price-earnings-to-growth (PEG) ratio of 1.00, a EV-to-Ebitda ratio of 14.13 and a price-sales ratio of 1.04.
The price-to-GF Value ratio is 0.94, earning the stock a GF Value rank of 5.
Berkshire Hathaway Inc
During the quarter, EVERETT HARRIS & CO /CA/ bought 7 shares of NYSE:BRK.A for a total holding of 1,427. The trade had a 0.06% impact on the equity portfolio. During the quarter, the stock traded for an average price of $448762.
On 01/21/2023, Berkshire Hathaway Inc traded for a price of $469645 per share and a market cap of $684.31Bil. The stock has returned 0.34% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Berkshire Hathaway Inc has a price-book ratio of 1.51, a EV-to-Ebitda ratio of 68.13 and a price-sales ratio of 2.72.
The price-to-GF Value ratio is 1.14, earning the stock a GF Value rank of 3.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
When GuruFocus covers insider information, we only track open market or the private purchase and sale of common stock with the transaction code of P or S. Therefore, all the transactions mentioned in this article are only the ones with transaction code of P or S.
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