Pioneer Investments

Pioneer Investments

Last Update: 11-12-2015

Number of Stocks: 532
Number of New Stocks: 55

Total Value: $23,836 Mil
Q/Q Turnover: 16%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Pioneer Investments Watch

  • Bill Nygren Boosts Stakes in Halliburton, American Express, Caterpillar

    Bill Nygren (Trades, Portfolio) increased his stake in many stocks, but most of them were below 10%. He is portfolio manager of the Oakmark Fund. He and his partners are value investors, and they invest in companies that they believe trade at a substantial discount to what they consider to be the true business value.


    The biggest increase was in Halliburton Co. (HAL); the guru increased the stake by 51.13% at an average price of $39.34 per share. The position was established in Q4 2012 and in the first quarter he reduced the stake by 10.36%. The deal had an impact of 0.52% on the portfolio, and the stock price dropped 20%. The stock traded for $31.47 on Thursday.

      


  • 2 Gurus Betting Big on Panera Bread

    Guru Jim Simons (Trades, Portfolio) graduated from MIT in 1958 and went on to pursue a Ph.D in mathematics from the University of California, Berkeley in 1961. He then went on to serve for the U.S Department of Defense as a codebreaker during the Vietnam War. After the war, Simons founded Renaissance Technologies in 1982, which he ran for 28 years before retiring in 2010. He still continues to work for the fund helping to improve the company's mathematics-based medallion system.


    Simons is #32 on the Forbes 400 list with an estimated net worth of $14 billion.

      


  • Home Depot Leading in the Retail Sector

    Retail sales in November were up 0.2%, according to the U.S. Census Bureau’s most recent report. Meanwhile, consumers also reported increased optimism in the economy overall, according to the University of Michigan’s December Consumer Sentiment Index. While both reports released during the Dec. 11 week were broadly positive, each slightly missed economists’ expectations as the retail sector overall continues to see a trend towards lower sales forecasts for the 2015 holiday season.


    While sales in the retail sector overall have been trending downward, Home Depot (NYSE:HD) has continued to gain. With mortgage rates at all-time lows and the housing market a lead catalyst for the economy, Home Depot has been emerging as one of the retail sectors best performing stocks. Specifically in December as companies focus on their holiday sales forecasts with broad downgrades, Home Depot has gained, posting strong results and continued positive forward guidance.

      


  • Reasons to Avoid Blackbaud Inc. at Current Levels

    Blackbaud Inc. (NASDAQ:BLKB) stock is trading near its 52-week high of $63.27. The current price level is important for investors who buy stocks when the price exceeds its 52-week high, based on the feeling that if price breaks out from that level, there will be a “momentum” to bet for a favorable price movement.


    This mid-cap stock provides software solutions and related services for nonprofit, charitable giving, and education communities worldwide. Among their recent initiatives, it has launched the first upgrade to its cloud-based solution eTapestry CRM, introducing analytics features that will benefit smaller non-profit organizations, reducing costs and providing flexibility.

      


  • Gurus Add to Stakes in Biopharmaceutical Research Company

    Guru Ray Dalio (Trades, Portfolio) added 140,400 shares of Gilead Sciences Inc. (NASDAQ:GILD), a research-based biopharmaceutical company that discovers, develops and markets innovative medicines, to his portfolio in the third quarter.


    This was a 171.80% increase for Dalio, who now owns 222,121 shares of Gilead.

      


  • Pioneer Investments Adds to Stakes in Hartford Financial Group, Reynolds American

    Pioneer Investments (Trades, Portfolio), which was founded in Boston in 1928, has an extensive portfolio that includes a wide range of holdings. Pioneer made hundreds of transactions in the third quarter, as it does in most quarters, some large, most small by comparison but representing considerable global and market diversity.


    Pioneer’s most significant third-quarter transaction was its addition of 3,702,039 shares to its existing stake in Hartford Financial Services Group Inc. (NYSE:HIG), a Hartford, Conn.-based investment and insurance company. Pioneer paid an average price of $46.18 per share in a deal that had a 0.71% impact on its portfolio and raised Pioneer’s stake by more than 131%.

      


  • Bargain Stocks Among Pioneer Investments' Holdings

    Pioneer Investments operates in wide areas of investment vehicles: Mutual Funds, Single Manager Hedge Funds, Funds of Hedge Funds, Structured Products, Segregated and Managed Accounts, Institutional Funds.


    The current portfolio is composed of 567 stocks and has a total value of $26.705 million. The following are the stocks trading with a wide margin of safety according to the GuruFocus DCF calculator.

      


  • Steven Romick Sells CVS, Buys United Technologies

    Steven Romick (Trades, Portfolio) is the portfolio manager of FPA Crescent Fund, a Los Angeles-based money management firm practicing a disciplined approach to value investing, prudently seeking superior long-term returns while maintaining a focus on capital preservation.


    He manages a portfolio of 59 stocks with a total value of $9,351 million and the following are the most weighted trades during the third quarter .

      


  • Time to Take Profits on NASDAQ

    NASDAQ Inc. (NASDAQ:NDAQ) is one of the world’s largest providers of trading, clearing, exchange technology, regulatory, securities listing and information and public company services. NASDAQ operates in four business segments: market services, listing services, information services and technology solutions.


    NASDAQ’s market services include equity and derivative trading and clearing, cash equity trading, fixed income, currency and commodities trading and clearing, and broker services. Its transaction-based platforms provide market participants with the ability to access, process, display and integrate orders and quotes.

      


  • Pioneer Investments Buys JPMorgan, Sells Out Lorillard

    Pioneer Investments operates in a wide investment range and manages a portfolio composed of 567 stocks with a total value of $26,705 million. The following are its largest trades during the third quarter.


    It increased its stake in JPMorgan Chase & Co. (JPM) by 1053% with an impact of 0.87% on its portfolio.

      


  • Insiders Are Selling Dave & Buster's Entertainment and Buying Twinlab

    The All-In-One Guru Screener can be used to find insider buys and sales over the last week by clicking on the Insiders tab and changing the settings for All Insider Buying/All Insider Selling to “$1,000,000+” and duration to "October 2015."


    According to the above filters, the following are the recent buys from company insiders in the past week.

      


  • Hedge Fund FMR's Largest Buys in Second Quarter

    The hedge fund FMR LLC in its last quarterly 13F reported a total value of its portfolio of $780 billion, with a decrease of 0.61% since the previous quarter. During Q2 2015, the investor bought 188 new stocks and increased 1,155 of its existing stakes. The following are the most heavily weighted buys during the quarter.


    it bought shares of Allergan PLC (AGN) with an impact of 0.81% on the total value of its portfolio. The hedge fund started its position in the integrated specialty pharmaceutical company while it was trading at about $300.

      


  • Xerox Expands Health Care Technology and Launches New Brand Strategy

    Xerox (NYSE:XRX) is a well-known brand in the technology industry. Its business focuses on two main aspects which include document technology and business process services. In recent quarters it has continued to struggle to gain market share versus its dominant peers IBM (NYSE:IBM) and Hewlett-Packard (NYSE:HPQ). On Aug. 24 Xerox announced the acquisition of health care analytics company RSA Medical and on Aug, 28 also announced the launch of a new brand strategy around the theme “Work Can Work Better.” Despite Xerox’s efforts to expand in health care technology and improve its brand positioning, industry analysts are skeptical of its growth prospects.


    Xerox has been lagging its industry peers in market share and revenue growth over the past few quarters. In its most recent earnings report it posted revenue of $4.6 billion with earnings of $246 million and earnings per share of $0.22. Total revenue missed analysts’ revenue consensus for the second quarter by $50 million and fell 7% from the comparable quarter. Earnings were in line with analysts’ average estimate; however, both earnings and earnings per share fell from the comparable quarter. Earnings were down 19%, and earnings per share were down 12%.

      


  • David Einhorn's Greenlight Capital Raises Stake in Leading U.S. Memory Chip Maker Micron

    In this article, let's take a look at Micron Technology, Inc. (NASDAQ:MU), a $15.74 billion market cap company, which provides semiconductor solutions worldwide. Although the company delivers a negative return of more than 58% year-to-date, David Einhorn (Trades, Portfolio) holds 37.95 million shares, ups his stake by 14% on the quarter. The value of the stake amounts to $714.97 million. The second largest shareholder of the company is Seth Klarman (Trades, Portfolio), with 19.7 million shares, valued at $371.26 billion, held as of the end of the Q2 2015.


    More bullish sentiment

      


  • Nordstrom Beats Wall Street and Rallies Due to an Updated Guidance

    In this article, let's take a look at Nordstrom Inc. (NYSE:JWN), a $15.54 billion market cap company, which is a specialty retailer of apparel and accessories, widely known for its emphasison service.


    Trading higher

      


  • Estée Lauder: A Company That Could Surprise the Market Again

    In this article, let's take a look at The Estée Lauder Companies Inc. (NYSE:EL), a $33.68 billion market cap company, which is one of the world's leading manufacturers and marketers of skin care, makeup and fragrance products.


    Innovation

      


  • Cablevision Surpasses Estimates and Delivers Attractive Return

    In this article, let's take a look at Cablevision Systems Corporation (NYSE:CVC), a $7.78 billion market cap company, which is one of the largest U.S. cable multiple system operator, it offers Optimum brand cable, Internet and voice services to about 3 million subscribers in the New York tri-state area.


    The company reported higher-than-expected results in the second quarter of 2015. Net income from continuing operations was $75.6 million or $0.27 per share compared with $94.2 million or $0.34 per share in the year ago quarter. EPS outpaced analyst´s estimates of $0.24. Total revenue was at $1,653.4 million beating analyst´s estimates of $1,648 million and up 1.6% year over year. By segments, the cable segment’s revenues were $1,481.1 million, up 1.8% year over year and were divided like this:

      


  • Hedge Funds Are Bearish on Kimberly-Clark Corporation

    In this article, let's take a look at Kimberly-Clark Corporation (NYSE:KMB), a $42.5 billion market cap company, which is best known for brands such as Kleenex, Scott, Huggies and Kotex.


    Forward looking

      


  • A Nice Bet for Income Investors

    In this article, let's take a look at McDonald's Corp. (NYSE:MCD), a $93.57 billion market cap company, which is the largest fast-food restaurant company in the world, with about 35,000 restaurants in 119 countries.


    Performance

      


  • Four Stocks With Growing EPS Near Their 52-Week Lows

    With these articles, thanks to GuruFocus All-In-One Screener, I want to highlight stocks that got a strong price correction, and that are trading near their 52 weeks low but that can be good for investors, since they have growing earnings over the last years.


    HCP Inc (HCP)

      


  • Glenn Greenberg Adds to Familiar Stakes in First Quarter

    Once known as "the next Buffett," Glenn Greenberg (Trades, Portfolio), co-founder of Chieftain Capital Management, takes a deliberate, disciplined approach to his investments. He looks for companies whose growth rate is slow but steady, avoiding riskier investments that offer the possibility of great rewards as well as great losses. In the first quarter, he added to several such existing stakes in his portfolio.

    Greenberg added to his third-most valuable stake, JPMorgan Chase & Co (NYSE:JPM), a banking and financial services holding company based in New York. He bought 655,332 shares for an average price of $59.22 per share. The transaction had a 1.21% impact on Greenberg’s portfolio.  


  • Pioneer Investments Increases Its Stake In IBM

    Pioneer Investments (Trades, Portfolio) is a global investment management firm with presence in 28 countries worldwide. Last quarter, Pioneer Investment increased its stake in International Business Machines (NYSE:IBM) buying 243,902 shares. As of March 31, 2015, the firm was holding 370,607 shares of the company. Here's a look at the company in detail.


    IBM is a leading IT services and consulting company. IBM creates value for clients through integrated solutions and products that leverage: data, information technology, deep expertise in industries and business processes and a broad ecosystem of partners and alliances. IBM solutions typically create value by enabling new capabilities for clients that transform their businesses and help them engage with their customers and employees in new ways. These solutions draw from an industry-leading portfolio of consulting and IT implementation services, Cloud and cognitive offerings and enterprise systems and software; all bolstered by one of the world's leading research organizations.

      


  • Pioneer Investments Increases its stake in Estée Lauder

    Pioneer Investments (Trades, Portfolio) is a global investment management firm with presence in 28 countries worldwide. Last quarter, Pioneer Investment increased its stake in Estée Lauder (NYSE:EL) buying 104,536 shares. As of March 31, 2015, the firm was holding 879,941 shares of the company. The following chart shows Pioneer Investments' holding history in the company.


      


  • Pioneer Investments Buys Agrium in Q1

    Pioneer Investments (Trades, Portfolio) is a global investment management firm with presence in 28 countries worldwide. Last quarter, Pioneer Investment initiated a position in Agrium (NYSE:AGU) buying 25,967 shares. Agrium is a retailer of agricultural products and services in the United States, Canada, Australia, Argentina, Brazil, Chile and Uruguay, as well as a multi-national producer and wholesale marketer of nutrients for agricultural and industrial markets. Agrium’s strategy is to invest and operate across the agricultural inputs value chain (fertilizer, crop protection and seed), through production, distribution and retail sales. This integrated strategy allows the company to generate both strategic and operational synergies.


    In February, Agrium raised its target dividend pay out ratio to 40%-50% of free cash flow and earlier this month it announced a 12 percent increase in its dividend (now $3.50 on an annualized basis). The company also plans to buy back up to 5% of its common shares over the next 12 months. According to the company’s CEO, Chuck Magro, the company expects its free cash flow generation to increase significantly as it complete its major production capacity expansion projects for nitrogen and potash this year. According to him, the higher payout ratio strikes a balance between returning significant capital to shareholders, while maintaining Agrium’s core assets and flexibility for growth.

      


  • Pioneer Investments Increases Stake in Walgreens

    Pioneer Investments (Trades, Portfolio) is a global investment management firm with presence in 28 countries worldwide. Last quarter, Pioneer Investment increased its position in Walgreens Boots Alliance (NASDAQ:WBA) by buying 729,146 shares of the company. As of March 31, the firm was holding 733,355 shares of the company.


    Walgreens recently reported strong results with adjusted second quarter net earnings per diluted share increase of 21.6%, second quarter sales increase 35.5%, and retail pharmacy USA division comparable store sales increase of 6.9 percent. The company announced fiscal 2015 full year adjusted net earnings guidance of $3.45 to $3.65 per diluted share, and reaffirmed fiscal 2016 adjusted net earnings per diluted share goal of $4.25-$4.60. Free cash flow totaled $1.0 billion in the second quarter and $1.7 billion in the first six months, while GAAP operating cash flow totaled $1.3 billion in the quarter and $2.3 billion in the first six months.

      


  • Pioneer Investments Adds to Stake in Coca-Cola

    Pioneer Investments (Trades, Portfolio) is a global investment management firm with a presence in 28 countries worldwide. Last quarter, Pioneer Investment increased its position in Coca-Cola (NYSE:KO) by buying 153,780 shares of the company. As of March 31, the firm held 2,208,675 shares of the company. The following chart shows its holding history in Coca-Cola.


      


  • Pioneer Investments Increases Stake in Home Depot

    Pioneer Investments (Trades, Portfolio) is a global investment management firm with presence in 28 countries worldwide. Last quarter, Pioneer Investment increased its position in Home Depot (HD) by buying 226,867 shares of the company. As of March 31, the firm was holding 2,704,322 shares of the company. The following chart shows its holding history in Home Depot.


      


  • Pioneer Investments Sells Stakes in Allergan, Xilinx in First Quarter

    On its website, Pioneer Investments (Trades, Portfolio) assures visitors that its goal is “to offer concrete investment solutions that satisfy real investment needs,” and it claims that its “time-tested” approach to investing “is supported by in-depth research and analysis as well as expert portfolio and risk management.”


    It is reasonable to presume that the same applies to Pioneer’s own investment – and divestiture – decisions.

      


  • Chevron Corporation´s Dividend Sustainability Analysis

    In this article, let's analyze the sustainability of dividends using coverage ratios in the case of Chevron Corporation (NYSE:CVX).


    MM Dividend Irrelevance Theory

      


  • RS Investment Management's Growing Stocks trading at low P/E

    RS Investment Management (Trades, Portfolio) invests in public equity and fixed income markets across the world, as well as both growth and value stocks. In March, the firm launched an emerging markets small-cap fund for both retail and institutional share classes.


    The privately held San Francisco-based investment firm provides services for pension and profit-sharing plans, pooled investment vehicles, corporations, and banks. Matthew H. Scanlon, a graduate of Northwestern’s Kellog School of Management, is the firm’s CEO. RS Investment’s total assets are almost $27 billion.

      


  • Oracle Boosts Quarterly Dividends

    In this article, let's take a look at Oracle Corporation (NYSE:ORCL), a $188.26 billion market cap company that develops, manufactures, markets, hosts and supports database and middleware software, application software, cloud infrastructure, hardware systems, and related services worldwide.


    Dividend hike

      


  • This Insurer Company Will Have 22 Consecutive Years of Dividend Increases

    In this article, let's take a look at ACE Limited (NYSE:ACE), a $38.04 billion market cap company, which is a specialty insurer that provides commercial insurance and reinsurance for a diverse group of international clients.


    New dividend proposal

      


  • An Expected Growth Outside the U.S.

    In this article, let's take a look at Xerox Corporation (NYSE:XRX), a $15.49 billion market cap company, which is a media and entertainment conglomerate that has diversified global operations in theme parks, filmed entertainment, television broadcasting and consumer products.


    Eurozone

      


  • Pioneer Investments Purchases Time Warner Cable, Kohl's in Q4

    Pioneer Investments (Trades, Portfolio) is a global investment manager that launched in 1928. Its Pioneer Fund, which launched in that year, is a large-cap equity fund that focuses on well-established companies.


    The fund’s investment approach takes a long-term value-oriented, risk-managed view. John Carey, the current portfolio manager, has led the fund since 1996.

      


  • Expedia Has Made Astute Acquisitions

    In this article, let's take a look at Expedia Inc. (NASDAQ:EXPE), a $10.89 billion market cap company tha is one of the world's largest online travel services companies. Businesses include Expedia, Hotels.com and Hotwire. In December 2011, Expedia spun off TripAdvisor as a publicly traded company.


    Dominant player

      


  • Archer-Daniels-Midland Is a Major Processor Expanding Abroad

    In this article, let's take a look at Archer-Daniels-Midland Company (NYSE:ADM), a $32.77 billion market cap company that is one of the world's leading agribusiness concerns with major market positions in agricultural processing and merchandising.


    Low margins

      


  • Alliant Energy´s Earnings Growth Prospects

    In this article, let's take a look at Alliant Energy Corporation (NYSE:LNT), a $7.07 billion market cap company that provides electric and natural gas utility services, and also has various unregulated energy, freight transportation and other investments.


    Key driver

      


  • Why You Should Invest In Kroger

    In this article, let's take a look at The Kroger Co. (NYSE:KR), a $25.35 billion market cap company, which is a supermarket operator with over 2,650 stores in 34 states and also operates convenience stores, jewelry stores, supermarket fuel centers and food-processing plants.


    Fierce competition

      


  • A Successful Spin-Off Frees Long-Term Growth

    A recovering world economy placed an additional pressure on energy supply. While the Chinese economy appears to take a breath, North America steps on the accelerator, as Europe continues to look for the ignition. All that activity implies an additional stress on oil and gas supplies. North America has seen a gas boom on which it continues to ride. Also, unconventional reserves are still an important part. On the other hand, fracking remains a relatively new production technique.


    But Europe has not been able to secure its own resources, depending on Russia for gas and Africa and the Middle East for oil. Hence, the greater activities experienced by the industry respond to a greater global demand. ConocoPhillips (NYSE:COP) is one of the worldwide companies looking to absorb this market synergy. With operations in over 30 countries, the company continues to look for ways to increase reserves and production levels. But, can it reward long-term shareholders at the same time?

      


  • AstraZeneca: Time to Make a Bet? Steven Cohen Seems to Think It Is

    AstraZeneca PLC (NYSE:AZN) is a global prescription-based biopharmaceutical company with operations in the UK, continental Europe, the Americas, Asia, Africa and Australia. Its business focuses on the discovery and development of new products and its manufacturing, marketing and sale. AstraZeneca has managed to build its leading presence in the pharma and biotech industry thanks to patent-protected drugs and a constantly developing pipeline, both of which add up to a wide economic moat. In spite of this, its top and bottom-line have been and are expected to remain under pressure as non-generic and generic competition grows.


    So far the company’s quarterly revenues have fallen 4 percent (at constant exchange rates). Additionally, U.S. health care reforms impacted in revenues and costs by $199 million. Now, on the face of massive patent losses on gastrointestinal drug Nexium in 2014 and cholesterol reducer Crestor in 2016, doubts are raised about the company’s growth prospects. The loss of these products’ exclusivity will impact strongly on margins and could cause an amplified shock on AstraZeneca’s bottom line. The question is, then, how will the company manage to fill those shoes?

      


  • Four Gurus Trade Exelis and Blucora

    In the third quarter of 2013, billionaire investors and insiders were actively trading BCOR and XLS: The Internet company Blucora Inc. (NASDAQ:BCOR) is up 79% since January over 12 months. According to Bloomberg, the company’s Internet service called Infospace, a technology that gathers information and results from major search engines, benefited from the ad revenue brought in by new partners.

    Exelis Inc., a global aerospace and communications company, is up 43% since January and is winning contracts. Last week Exelis reported that it had won a $20.6 million contract from General Atomics Aeronautical Systems Inc. of Poway, Calif., to produce 500 ejector racks for a U.S. Air Force remotely piloted aircraft, according to a company press release. Exelis also announced that one of its business units was recently selected to implement a communications system for the Australian Karratha Gas Plant. The system will be operational for 10 years, according to a company press release.  


  • Three Companies Gain in Bargain Portfolio

    Here's an update on three of the gaining companies held in the GuruFocus Guru Bargains Model Portfolio, begun in 2006 with an investment of $100,000. As of the last rebalance, the portfolio was up 35.25% versus the S&P500 at 21.03%. The Guru Bargains Portfolio is one strategy out of 14 offered by GuruFocus.

    Perrigo Company (NYSE:PRGO)  


  • Pinching Dough – Panera Bread, Others Rise as Disposable Income Shrinks

    American disposable income is shrinking, which means more people will be eating at home. According to Investment Contrarians, “In September 2012, the real disposable income in the U.S. decreased by 0.1%. In August 2012, it declined 0.3%. At the same time, the U.S. personal savings rate is also retreating—down to 3.3% of disposable income in September compared to 3.7% in August.” How does this affect restaurant goers? Americans have already reflected a drop in away-from-home dining. Aside from the highest fast food consumption, Americans were surprisingly low restaurant spenders in 2012, compared to 18 other countries that spend more per year, according to the Huffington Post.

    Here’s an update on three well-known American restaurant companies held by billionaires. Some food servers are feeling the pinch, but not Panera Bread Company:  


  • Buffett and Peers Hold Growing DaVita HealthCare, Four Sell Out

    All year GuruFocus has been tracking numerous trades by Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) and his portfolio managers Ted Weschler and Todd Combs as they scoop up shares of DaVita HealthCare Partners Inc. (NYSE:DVA), a growing kidney dialysis healthcare company. As DaVita continues to expand worldwide in Poland, Latin America, Taiwan and Malaysia, its second quarter 2013 income of $254.4 million has more than doubled since a year ago, and numerous billionaires are investing.

    As of June 30, 2013, nine other gurus, in addition to Berkshire-related entities, hold DVA; four billionaires sold out.  


  • Weekly Guru Bargains Highlights: 3323:HK, CG, ITUB, PBR.A, VALE

    According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

    [b]China National Building Material Co. Ltd. (3323): Down 42% Since Signature Select Canadian Fund Bought In the Quarter Ended on 2013-03-31  


  • Weekly Guru Bargains Highlights: WFR, CCJ, MU, MTL, JNPR

    Last week’s top five guru bargain stocks were WFR, CCJ, MU, MTL, and JNPR. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

    MEMC Electronic Materials Inc. (WFR): Down 32% Since Jeremy Grantham Bought In the Quarter Ended on 2011-03-31  


  • View on XOM

    I'm in at these levels (60). Clear winner long term. Buy pre-labor day.  


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