In a recent congressional trade report, Earl Blumenauer, representing Oregon's 3rd congressional district, disclosed several transactions made as part of his spouse's retirement portfolio. The transactions range in value from $1,001 to $100,000 and include both purchases and sales of various stocks and corporate securities.
Among the transactions, Blumenauer purchased Bank of America C Var 27 (NYSE:BAC) and Comcast Corp 1.95%31 (NASDAQ:CMCSA) corporate securities, each valued between $15,001 and $50,000. Bank of America, currently trading at $45.93 with a market cap of $352.49B, has demonstrated strong performance with a 42.38% return year-to-date.
According to InvestingPro analysis, BAC appears slightly undervalued, while maintaining a 54-year streak of consistent dividend payments. He also acquired stocks of Northwest Natural Holding Company (NYSE:NWN) through a dividend reinvestment, valued between $1,001 and $15,000.
In addition, Blumenauer also bought corporate securities of The Kroger Co . 4.5% 29 (NYSE:NYSE:KR) and US Treasury Notes with 4.625% and 4% interest rates due in 2026 and 2027 respectively, each valued between $15,001 and $50,000.
On the other hand, Blumenauer reported sales of Comcast Corp 4.65%33 and Toyota Motor (NYSE:TM) Credit 3%/25 corporate securities, valued between $15,001-$50,000 and $50,001-$100,000 respectively.
These transactions were all part of his spouse's retirement portfolio, highlighting the importance of diversification in retirement planning. These trades reflect a balanced approach to portfolio management, with a mix of purchases and sales across a variety of asset types.
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