Dark
Light
System
Institutional Investment Manager
Welch Group, LLC
Welch Group, LLC (CIK: 0001443095) incorporated in Alabama, located at 3940 Montclair Road, Fifth Floor, Birmingham, AL. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q4)
Original 13F HR (0001443095-17-000001) filed in 2017.02.09
#
Name
Shares
Value ($)
%
Options
Notes
1 INTEL CORP 452,832 16,424 3.21% SH
2 AT&T INC 385,601 16,400 3.21% SH
3 LEGGETT &PLATT INC 304,209 14,870 2.91% SH
4 GALLAGHER ARTHUR J & CO 302,219 15,703 3.07% SH
5 SOUTHERN CO 296,051 14,563 2.85% SH
6 VERIZON COMMUNICATIONS INC 288,473 15,399 3.01% SH
7 EMERSON ELEC CO 268,632 14,976 2.93% SH
8 PAYCHEX INC 260,995 15,889 3.11% SH
9 UNILEVER PLC 252,983 10,296 2.01% SH
10 ABBVIE INC 240,480 15,059 2.94% SH
11 GENERAL MLS INC 227,945 14,080 2.75% SH
12 DU PONT E I DE NEMOURS & CO 216,151 15,866 3.10% SH
13 CINCINNATI FINL CORP 213,022 16,136 3.15% SH
14 COLGATE PALMOLIVE CO 201,703 13,199 2.58% SH
15 CONSOLIDATED EDISON INC 197,074 14,520 2.84% SH
16 EXXON MOBIL CORP 191,977 17,328 3.39% SH
17 PROCTER AND GAMBLE CO 179,872 15,124 2.96% SH
18 ROYAL DUTCH SHELL PLC 172,528 10,001 1.95% SH
19 NOVARTIS A G 167,956 12,234 2.39% SH
20 ServisFirst Bancshares Inc 150,812 5,646 1.10% SH
21 CHEVRON CORP NEW 148,168 17,439 3.41% SH
22 PEPSICO INC 145,899 15,265 2.98% SH
23 UNITED TECHNOLOGIES CORP 142,714 15,644 3.06% SH
24 JOHNSON & JOHNSON 137,217 15,809 3.09% SH
25 MCDONALDS CORP 122,734 14,939 2.92% SH
26 NEXTERA ENERGY INC 120,930 14,446 2.82% SH
27 HOME DEPOT INC 117,002 15,688 3.07% SH
28 KIMBERLY CLARK CORP 113,400 12,941 2.53% SH
29 INTERNATIONAL BUSINESS MACHS 91,655 15,214 2.97% SH
30 ROYAL DUTCH SHELL PLC 91,023 4,950 0.97% SH
31 3M CO 86,817 15,503 3.03% SH
32 COCA COLA CO 65,472 2,714 0.53% SH
33 LOCKHEED MARTIN CORP 63,967 15,988 3.13% SH
34 UNILEVER N V 54,901 2,254 0.44% SH
35 CISCO SYS INC 47,933 1,449 0.28% SH
36 SPDR S&P 500 ETF TR 41,245 9,219 1.80% SH
37 Hutton Tele TRUST Unit 35,800 152 0.03% SH
38 ENERGEN CORP COM 35,774 2,063 0.40% SH
39 Synovus Financial Corp 34,661 1,424 0.28% SH
40 TORCHMARK CORP COM 26,830 1,979 0.39% SH
41 PROASSURANCE CORP COM 25,073 1,409 0.28% SH
42 BANCO BILBAO VIZCAYA ARGENTA 21,905 148 0.03% SH
43 MICROSOFT CORP 19,288 1,199 0.23% SH
44 ABBOTT LABS 19,205 738 0.14% SH
45 Bourque Industries Inc 17,400 33 0.01% SH
46 WELLS FARGO & CO NEW 15,390 848 0.17% SH
47 APPLE INC 14,471 1,676 0.33% SH
48 REGIONS FINANCIAL CORP NEW 14,210 204 0.04% SH
49 GENERAL ELECTRIC CO 13,027 412 0.08% SH
50 KINDER MORGAN INC DEL 12,756 264 0.05% SH
Page 1 of 3