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Charles de Vaulx Invests in 5 New Holdings in 2nd Quarter

Charles de Vaulx (Trades, Portfolio), chief investment officer and portfolio manager at International Value Advisers, added five new holdings to the portfolio in the second quarter.

The guru acquired an 844,953-share holding in American Express (AXP), a financial services company based in New York City, for an average price of $63.32 per share. The deal had a 1.16% impact on the portfolio.

The holding is 0.09% of American Express' outstanding shares and 1.16% of the guru's total assets. Warren Buffett (Trades, Portfolio) is American Express' leading shareholder among the gurus with a stake of 151,610,700 shares. The stake is 16.41% of American Express' outstanding shares and 7.1% of Buffett's total assets.

American Express has a price-earnings (P/E) ratio of 11.5, a forward P/E of 12.1, a price-book (P/B) ratio of 2.9 and a price-sales (P/S) ratio of 1.9. GuruFocus gives American Express a Financial...