ValueWorks’ Top Pick From Each of 5 Prominent Sectors: Gilead (GILD), Boeing (BA), More

Technology: Corning Incorporated (NYSE:GLW)

– Shares Owned by ValueWorks LLC (as of September 30): 293,766

– Value of the Holding (as of September 30): $6.95 Million

Moving on, ValueWorks reduced its stake in its top technology pick Corning Incorporated (NYSE:GLW) by 1,893 shares during the third quarter. John A. Levin‘s Levin Capital Strategies also lowered its holding in the company during that time, by 46% to 7.2 million shares. Corning Incorporated (NYSE:GLW)’s stock has regained almost all of the losses it suffered last year and is currently trading up by 28.56% year-to-date. The company currently pays a quarterly dividend of $0.135 per share, which translates into a respectable forward yield of 2.30%. Earlier this month, analysts at Goldman Sachs removed the stock from their ‘Conviction Buy’ list, but continued to remain bullish on it with a ‘Buy’ rating and $27 price target. The firm expects the company to increase its dividend in early-2017, but thinks that Corning’s share buyback program will continue at a slower pace than what was seen this year.

Energy: Cheniere Energy Partners LP Holdings LLC (NYSEMKT:CQH)

– Shares Owned by ValueWorks LLC (as of September 30): 310,006

– Value of the Holding (as of September 30): $7.05 Million

Amid a 14% rise in Cheniere Energy Partners LP Holdings LLC (NYSEMKT:CQH)’s stock during the third quarter, ValueWorks sold 50 shares of the company. Cheniere Energy Partners LP Holdings LLC (NYSEMKT:CQH) became a separate publicly-traded entity in December 2013, when parent Cheniere Energy (NYSEMKT:LNG) sold a minority stake in the company. However, since its listing, Cheniere Energy Partners’ stock has gone nowhere. That poor performance is perhaps one of the reasons why Cheniere Energy (NYSEMKT:LNG) recently announced that it will acquire the publicly-held shares of Cheniere Partners Holdings not already owned by the former in a stock-for-stock exchange. For its third quarter, Cheniere Energy Partners reported EPS of $0.02, in-line with expectations, and revenue of $5.08 million, which missed analysts’ estimate by $0.01 million.

Consumer Staples: Maui Land & Pineapple Co. (NYSE:MLP)

– Shares Owned by ValueWorks LLC (as of September 30): 1.11 Million

– Value of the Holding (as of September 30): $7.4 Million

Maui Land & Pineapple Co. (NYSE:MLP) remained ValueWorks’ top stock pick at the end of September, despite the fund selling 1,119 shares of the company during the third quarter. Shares of the Hawaii-based landholding and operating company have appreciated by more than 20% this year, but are still trading at nearly the same level they were back in the third quarter of 2009, when ValueWorks initiated its stake. On November 3, the company reported its third-quarter results, declaring EPS of $0.13 on revenue of $6.1 million. For the same quarter of the previous year, Maui Land & Pineapple Co. (NYSE:MLP) had reported much stronger EPS of $0.51 on revenue of $14.5 million. Despite the deteriorating results, shares of the company have gained 26% in the last year.

Disclosure: None