The research blogger reviewed Oracles recent performance and describes it as a top-notch dividend growth idea on a forward-looking basis. Stating the bottom line on ORCL, the blogger says, Oracle has an attractive business model that drives a dependable recurring revenue stream. Buffalo Grove High School, and the opportunities I received there, placed me on a path to success and helped me become the person I am today," said Yacktman, who was involved in the arts and athletics while in high school and then attended Brigham Young University, where he graduated with an economics degree and MBA. He is co-portfolio manager of the AMG Yacktman Funds and chief investment officer of Yacktman Asset Management. Don was a co-manager for AMG Yacktman Focused Fund and AMG Yacktman Fund until 2016. The business got started with $1.5 million from a relative. And now, just that fast, we can.". That theme of diversity has only been enhanced now that the 13F filings are available Yacktman increased holdings in 4 of its top ten stocks, including retail food company, a wholesale food company, a software company, and a major bank. Jan 20, 2022 01:40 A.M. After 27 years of being married, "7th Heaven" star Stephen Collins filed for divorce from his ex-wife, Faye Grant. It is another positive sign that the fund's parent company is continuing to emphasize shareholders' interests over asset growth. Geoff Hangartner's House. I have no business relationship with any company whose stock is mentioned in this article. If you have an ad-blocker enabled you may be blocked from proceeding. Ms. Furthermore, Yacktman takes no responsibility for the accuracy or factual correctness of any information posted to third party web sites. He was a member of the 1-800 CONTACTS board and served as chair of the audit and compensation committees. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. Stephen Yacktman has one of the highest manager ratios for his three-year risk-adjusted performance among managers who run Ucits funds in the US Value category. He joined the firm in 2001, having previously worked at a family office and as a Vice President at Goldman Sachs. Mr. Carmody received a bachelors degree in Industrial and Labor Relations and a Master of Public Administration from Cornell University and an MBA from the MIT Sloan School of Management. Thomas Martin's House (Former) Paul Rogge's House. I am not receiving compensation for it. Though his professional career is in the finance arena, he maintains a passion for manufacturing, engineering, science and technology. A. in Business Administration from Mount Union College and an MBA from the University of North Carolina Kenan-Flagler Business School. Before joining Highside, Molly was a co-founder of JatoTech Ventures, an early-stage technology venture capital firm. Don is a member of the Management Committee of the firm. Pepsi is Yacktmans third-largest holding, making up almost 11% of the portfolio, and with that background especially the dividend return the heavy investment makes more sense than a cursory glance would suggest. Mr. Wilkins is Partner and Portfolio Manager at Yacktman Asset Management. Stephen Yacktman's House. Stephen has worked on the fund since 1993 and has been a comanager since year-end 2002. 2: Make an adequate return, a double-digit return, while holding on for five to 10 years. He will continue to contribute ideas as a member of the portfolio team. Having a different name helps eliminate confusion in the marketplace, he says. On the negative side, Ajay Jain from Pivotal Research gives SYY its lone Sell rating. He was awarded the 1994 Portfolio Manager of the Year by Mutual Fund Letter. How we use your information depends on the product and service that you use and your relationship with us. years. Our firm is owned by its partners including Chief Investment Officer Stephen Yacktman, Portfolio Managers Jason Subotky, Adam Sues, and Russell Wilkins, Chief Financial Officer Keith Thatcher, Chief Operating Officer James Carmody, founder Don Yacktman, and majority owner Affiliated Managers Group, Inc. Yacktman Asset Management is an affiliate of Affiliated Managers Group, Inc. (AMG), a publicly traded global asset management company with equity investments in leading boutique investment management firms, including Yacktman. King and Bailey have comanaged Praxis Intermediate Income(MIIAX) since 1994 and 2005, respectively. Over the years, the $8 billion fund has undergone some changes, moving from its deep-value roots toward a more blended growth and value style mix. He has been co-manager for AMG Yacktman Focused Fund and AMG Yacktman Fund since 2002 and AMG Yacktman Global Fund since inception. For one thing, the Yacktman Fund may have large chunks of money in cash when its managers think stocks are overvalued. A closer look at Smith's love life. Smith's wife is Hope Dworaczyk, a Playboy model, TV host and reality television personality. The stock has a $54 average price target, that give a 5.45% upside from the current trading level of $51. Yacktman, who grew up in Arlington Heights, is chief investment officer at Yacktman Asset Management. Ploplys worked at District 214 for more than 30 years as a science educator teaching chemistry and physics, and retired in 2003. He joined Yacktman Asset Management in April 1993 from Brigham Young University, where he earned . Stephen Yacktman becomes co-manager of Yacktman Funds 2004 Jason Subotky and Russell Wilkins become economic partners in firm 2006 Stephen Yacktman and Don Yacktman named Co-Chief Investment Officers 2007 Private Fund Launched 2009 Jason Subotky becomes co-manager of Yacktman Funds 2010 Marla Brill. School officials say the equipment used by industry professionals -- such as automated robotics cells -- is rare to see on the high school level and will give students an idea of what they might encounter on the manufacturing floor. Stephen Yacktman and Jason Subotky have been the leads on this strategy well before Don Yacktman officially stepped down in 2016. In addition to the funding he provided, he has offered expertise and direction in creating a lab that will be innovative and one-of-a-kind, ensuring students have opportunities to try new things and leave high school college and career ready. "This is an incredible gift that pays tribute to the education Mr. Yacktman received in our schools and also funds future generations of students," said Erin Brooks, District 214 Education Foundation executive director. The road to getting there was a long one, though. A Buffalo Grove High School graduate has donated $1 million to establish a state-of-the-art robotics lab in honor of a former teacher. Pepsi offers two major advantages for the long-term investor. The software company has a brighter outlook from the market analysts, even though the analyst opinion is very much split between the Buys and the Holds.. The latest Yacktman to make his mark on the mutual fund world is Donalds 40-year-old son Brian, who founded YCG Investments in 2007 after working at his fathers firm for a few years. Gabelli Donates $15M for New Columbia Business School Campus This past week, Columbia Business School announced that GAMCO Investors(GBL) chairman Mario Gabelli is donating$15 million to help pay for a new, $600 million campus for Columbia Business School. The Genesis funds have yet to post solid returns. Being a food wholesaler, Sysco is another defensive play for Yacktman. Its name was changed to AMG Yacktman Fund after Affiliated Managers Group (AMG) purchased a majority stake in the firm in 2012. We rank financial experts based on measured performance and the accuracy of their predictions. It is the largest single gift in the school's 46-year history. He is currently the #5 rated hedge fund manager in the TipRanks database, with a portfolio valued over $8 billion, which has gained 137% over the last six years. Buffalo Grove High School this week announced the largest single gift received in its 46-year history: $1 million that will be used to create a robotics, manufacturing and biomedical health care innovation lab. The donation by Class of 1988 alumnus Stephen Yacktman and his wife, Ellyn, to the Northwest Suburban High School District 214 Education Foundation will go toward state-of-the-art lab equipment and supplies. These products and services are usually sold through license agreements or subscriptions. The average price target, $114, is actually a slight downside (1.65%) from the current share price of $115. "My hope is that this new lab will help Buffalo Grove students develop workforce skills and provide training that leads them to careers of all kinds," Yacktman said, who said there is a demand for skilled workers in areas like manufacturing. In retrospect, starting his business just before the financial market crash in 2008 turned out to be more of a blessing than a curse. Stephen has been a comanager on the fund since 2002 and began at the firm more than 20 years ago. He is an early founder of 1-800-CONTACTS and served on the board . But honestly as a public high school, we didn't have the funds to really fill out the space with the technology and equipment that we need so our kids are really ready for the industry. Lets unpack them, with some help from TipRanks-rated Wall Street analysts. It is the largest single gift in the school's 46-year history. Mr. Subotky is Partner and Portfolio Manager at Yacktman Asset Management. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Prior to founding the firm in 1992, Don served as Senior Portfolio Manager of Selected Financial Services, Inc. and was Portfolio Manager of the Selected American Shares mutual fund. Andrew Wolf of Loop Capital set a Buy rating with a $75 price target, saying, [E]xpect the company's better than expected operating leverage and reduce costs to continue to contribute to its bottom line, forecasting Sysco earnings to accelerate further. His target suggests an 11% upside to the stock. Jason is a co-manager for AMG Yacktman Focused Fund, AMG Yacktman Fund, and AMG Yacktman Global Fund. Yacktman is known for keeping away from bank stocks, but USB has been part of the portfolio since 2011. Terms of Service apply. Stephen Yacktman is Chief Investment Officer, Partner, and Portfolio Manager of Yacktman Asset Management. Ploplys worked at District 214 for more than 30 years as science educator, teaching chemistry, physics, honors physics and advanced placement physics courses. "When I first got the call that we had a donor willing to really help us expand manufacturing, it brought chills," Principal Jeff Wardle said. Please try again. I have no business relationship with any company whose stock is mentioned in this article. Oracle is a leader in database software, database management systems, and cloud systems. Yacktman, chief investment officer at Austin, Texas-based Yacktman Asset Management, told District 214 foundation officials that he attributes much of his success in life to his experiences at. More recently, Morgan Stanleys Keith Weiss reviewed ORCL and determined that he does not see the catalysts needed to drive the stock higher this year. He gives the stock a 2.4% upside, with a $53 price target. We work frequently with alumni who wish to pay tribute to teachers who changed their lives, and these gifts repeatedly demonstrate the positive impact of public education.". It is the largest single gift in the schools 46-year history. The Yacktman fund has done better, although Don Yacktman has now retired. He founded Yacktman Asset Management in 1993, and has steered the company ever since. Like the other stocks in this list, USB pays out a steady dividend. Credit Suisses Judah Frommer concurs with Wolf, and gives SYY another Buy rating and $75 price target. The $1.2 billion fund had more than $220 million in net inflows in the six months from October 2012 through March 2013, according to Morningstar data. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Chase joined Yacktman Asset Management in 2009. Ploplys, who retired in 2003 after 34 years at Buffalo Grove and the former Arlington High School, said he was honored by the recognition, having received word from Yacktman about a month ago that he intended to make a donation in the former teacher's name. Heptagon Yacktman U.S. Equity Fund had . "This is an incredible gift that pays tribute to the education Mr. Yacktman received in our schools and also funds future generations of students," said Erin Brooks, District 214 Education Foundation executive director. They have also lived in Austin, TX and Barrington, IL. Other names that Stephen uses includes Stephen Andrew Yacktman, Stephen A Yacktman, Stephen A Yackman and Stephen Yackthman. Stephen Yacktman, 49, started as an analyst at his father Donalds firm in the early 1990s and began co-managing the flagship fund with Donald in the early 2000s. The Center of Influence for Financial Advisors and RIAs -, ------------------------------------------, To read more stories , click here. Mr. Frock holds a BBA in Finance from the University of Texas and is a CFA charterholder. Advertisement. From 2010-2013, he was the founder and author of Value Uncovered, an investment website focused on value-oriented stock research and fundamental analysis. Mr. Dusthimer is an Investment Analyst at Yacktman Asset Management. The donation is made in honor of Yacktman's former AP Physics instructor, Saulius Ploplys, who retired in 2003. Yacktman, who grew up in Arlington Heights, is chief investment officer at Yacktman Asset Management. When it comes to investing, Donald, Stephen and Brian Yacktman share a long family tradition. Also, Mario Gabelli makes a very large gift to his alma mater. He joined the firm in 2020 after working previously at Fidelity Investments and Affiliated Managers Group. Working with the District 214 Education Foundation, Class of 1988 alumnus Stephen Yacktman and his wife Ellyn donated the $1 million in June. Credit Suisses Judah Frommer concurs with Wolf, and retired in 2003 the next 72 hours Gabelli makes a large! Physics, and Portfolio Manager of the audit and compensation committees performance and describes as... Former ) Paul Rogge & # x27 ; s wife is Hope Dworaczyk, double-digit... 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