Dodge & Cox Stock Gets Going on Motorola Mobility Deal
Mairs & Power launches first new fund in 50 years, and more.
Dodge & Cox Stock has owned Motorola since 2003, several years prior to its 2011 split into Motorola Mobility and Motorola Solutions (MSI). The fund's reasons for holding the stock are consistent with its long-term, contrarian style. The stock experienced a steep decline after 2006, but the management team stuck to the holding because it believed the value of the firm's intellectual capital and existing businesses, as well as its strong balance sheet, were ignored by the marketplace. Other top owners of the stock include T. Rowe Price Mid-Cap Growth (RPMGX), Dodge & Cox Balanced (DODBX), and T. Rowe Price Mid-Cap Value (TRMCX).
Morningstar Fund Analysts does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.