LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA 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.
Loring Wolcott & Coolidge Fiduciary Advisors LLP is an investment management firm based out of Boston, Massachusetts. The company was established in 1817, tracing its history back to Nathaniel Bowditch, one of the prominent innovators in New England. Loring Wolcott & Coolidge Fiduciary Advisors is currently headed by President Charles-Fredrick David Boit and has grown from its inception to now have 75 employees of which 15 are investment professionals. The company conducts its research internally and invests in public equity and fixed income markets on a global scale. Loring Wolcott & Coolidge Fiduciary Advisors utilizes a hematite investment methodology and invests in companies that have employee diversity, positive environmental impact, good labor practices, and strong corporate governance. The company invests most heavily in the information technology sector, which alone makes up almost a third of its total asset allocations, and also invests in the health care, consumer staples, consumer discretionary, industrials, and energy sectors, among other sectors to a lesser degree, in order of decreasing allocation. Loring Wolcott & Coolidge Fiduciary Advisors’s top 10 holdings together make up over a third of its total asset allocations, and the company has a turnover rate of approximately 8.9%. The company currently holds over $5.6 billion in total assets under management spread across over 2,600 accounts, all of which are discretionary except for 46 that make up a minor $180 million of its managed assets. Although Loring Wolcott & Coolidge Fiduciary Advisors’s total number of managed accounts has been decreasing in recent years, its total assets under management has been increasing, growing significantly from $3.6 billion back in 2010 to experience $2 billion in growth to its current amount today. The company mainly caters to high net worth individuals, which alone makes up over three quarters of its entire client base, and also provides services to individuals, pension and profit sharing plans, charities, and corporations.
As of the latest 13F report, the guru’s equity portfolio contained 576 stocks valued at a total of $8.08Bil. The top holdings were MA(7.17%), MSFT(6.07%), and DHR(5.68%).
According to GuruFocus data, these were LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA’s top five trades of the quarter.
WEX Inc
During the quarter, LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA bought 149,466 shares of NYSE:WEX for a total holding of 575,302. The trade had a 0.3% impact on the equity portfolio. During the quarter, the stock traded for an average price of $155.68.
On 03/02/2023, WEX Inc traded for a price of $194.38 per share and a market cap of $8.38Bil. The stock has returned 15.18% 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, WEX Inc has a price-earnings ratio of 43.29, a price-book ratio of 5.09, a EV-to-Ebitda ratio of 13.43 and a price-sales ratio of 3.70.
The price-to-GF Value ratio is 0.92, earning the stock a GF Value rank of 7.
The Walt Disney Co
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA reduced their investment in NYSE:DIS by 223,759 shares. The trade had a 0.27% impact on the equity portfolio. During the quarter, the stock traded for an average price of $95.65000000000001.
On 03/02/2023, The Walt Disney Co traded for a price of $98.92 per share and a market cap of $180.71Bil. The stock has returned -32.97% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 7 out of 10.
In terms of valuation, The Walt Disney Co has a price-earnings ratio of 54.35, a price-book ratio of 1.83, a EV-to-Ebitda ratio of 17.98 and a price-sales ratio of 2.10.
The price-to-GF Value ratio is 0.63, earning the stock a GF Value rank of 8.
Meta Platforms Inc
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA reduced their investment in NAS:META by 127,695 shares. The trade had a 0.22% impact on the equity portfolio. During the quarter, the stock traded for an average price of $117.43.
On 03/02/2023, Meta Platforms Inc traded for a price of $174.53 per share and a market cap of $452.49Bil. The stock has returned -16.14% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Meta Platforms Inc has a price-earnings ratio of 20.34, a price-book ratio of 3.63, a price-earnings-to-growth (PEG) ratio of 1.32, a EV-to-Ebitda ratio of 11.57 and a price-sales ratio of 4.05.
The price-to-GF Value ratio is 0.46, earning the stock a GF Value rank of 4.
Salesforce Inc
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA reduced their investment in NYSE:CRM by 84,821 shares. The trade had a 0.16% impact on the equity portfolio. During the quarter, the stock traded for an average price of $145.92.
On 03/02/2023, Salesforce Inc traded for a price of $186.59 per share and a market cap of $186.59Bil. The stock has returned -11.46% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 7 out of 10.
In terms of valuation, Salesforce Inc has a price-earnings ratio of 888.52, a price-book ratio of 3.12, a price-earnings-to-growth (PEG) ratio of 33.28, a EV-to-Ebitda ratio of 30.13 and a price-sales ratio of 6.19.
The price-to-GF Value ratio is 0.65, earning the stock a GF Value rank of 8.
PayPal Holdings Inc
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA reduced their investment in NAS:PYPL by 138,161 shares. The trade had a 0.15% impact on the equity portfolio. During the quarter, the stock traded for an average price of $80.04000000000001.
On 03/02/2023, PayPal Holdings Inc traded for a price of $74.09999999999999 per share and a market cap of $83.83Bil. The stock has returned -30.57% 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, PayPal Holdings Inc has a price-earnings ratio of 35.45, a price-book ratio of 4.15, a price-earnings-to-growth (PEG) ratio of 2.33, a EV-to-Ebitda ratio of 16.68 and a price-sales ratio of 3.17.
The price-to-GF Value ratio is 0.32, earning the stock a GF Value rank of 4.
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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