Pioneer Investments

Pioneer Investments

Last Update: 08-11-2016

Number of Stocks: 501
Number of New Stocks: 60

Total Value: $27,015 Mil
Q/Q Turnover: 10%

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

Pioneer Investments Watch

  • Low P/S Stocks: The Travelers, AIG

    According to GuruFocus' All-in-One Screener, the following are the stocks with market caps above $5 billion that are trading with low price-sales (P/S) ratios.

    Ingersoll-Rand PLC (IR) is trading at about $64 with a P/S ratio of 1.28 and an estimated price-earnings (P/E) multiple of 11.79. The company has a market cap of $16.52 billion; over the last 10 years, the stock has risen by 116%. During the last 52 weeks, the price has been as high as $68.97 and as low as $47.08.


  • David Winters Sells Coca-Cola in 2nd Quarter

    David Winters (Trades, Portfolio) of Wintergreen Advisors extended three ongoing investment trends in the second quarter, divesting a stock that had been reduced gradually for more than a year and trimming two others that had been reduced since at least the start of this year.

    The guru sold out a 318,485-share holding in Coca-Cola (NYSE:KO), a carbonated soft drink maker based in Atlanta, for an average price of $45.21 per share. The divestiture had a -5.3% impact on the portfolio.


  • 9 Stocks Pioneer Investment Keeps Buying

    Pioneer Investment Management operates in wide areas of investment vehicles, such as Mutual Funds, Single Manager Hedge Funds, Funds of Hedge Funds, Structured Products, Segregated and Managed Accounts and Institutional Funds. In both the first and second quarters, the firm bought shares in the following stocks:

    Philip Morris International Inc. (PM)


  • Caxton Associates Exits Coca-Cola, Buys Raytheon

    Caxton Associates (Trades, Portfolio) LP is a New York-based trading and investment firm. Its primary business is to manage client and proprietary capital through global macro hedge fund strategies. Assets are managed via a broad mandate to trade in a variety of global markets and instruments. During the second quarter, the fund’s most heavily weighted trades were as follows:

    The firm closed its stake in Coca-Cola Co. (KO) with an impact of -5.68% on the portfolio.


  • Westport's Top 7 Transactions in 2nd Quarter Were Reductions

    Westport Asset Management (Trades, Portfolio)’s top seven transactions in the second quarter were reductions of stakes in its portfolio.

    In its largest transaction of the quarter, the firm sold nearly 30% of its holding in Universal Health Services Inc. (NYSE:UHS), a Pennsylvania-based hospital management company, selling 170,564 shares for an average price of $131.77 per share. The deal had a -3.33% impact on the portfolio.


  • 6 Stocks With Growing Yields

    Thanks to GuruFocus’ All-In-One Screener, we can highlight stocks that have a five-year growing dividend yield with strong profitability and a long-term track record of solid returns and growing asset value.

    Agrium Inc. (AGU) has a dividend yield that during the last five years has grown by 105.20%. The yield is now 3.86% with a payout ratio of 56%. The company has a 10-year asset growth rate of 21%, supported by return on assets (ROA) of 15% that during the last 10 years has had a median value of 6.67%.


  • Guru Stocks That Outperform the S&P 500

    The following are some of the stocks that outperformed the Standard & Poor's 500 Index over the last 12 months and were bought by gurus during the last quarter.

    Federal Realty Investment Trust (FRT), with a market cap of $11.87 billion, has outperformed the S&P 500 Index by 22.4% during the last 12 months. Currently three gurus are holding the company that has returned 16%-plus year to date and 94%-plus during the last five years; it is now trading with a P/E(ttm) ratio of 48.37, and according to the DCF calculator it looks overpriced by 465% at the price of $167.35. Over the last 12 months the company’s revenue has grown by 6% and EPS has grown by 10%.


  • T. Rowe Price Buys Apple, Pepsi, Western Digital

    John Linehan has been the portfolio manager of T. Rowe Price Equity Income Fund (PRFDX) since November of 2015, taking the reins from Brian Rogers, who managed the Fund since its inception in 1985. The following are the most heavily weighted buys of the second quarter of 2016.

    The fund raised its stake in Total SA ADR. (TOT) by 91.74%, with an impact of 0.68% on the portfolio.


  • Gurus' Stocks Trading Below Peter Lynch's Fair Value

    According to GuruFocus' All-in-One Screener, several gurus are focusing on stocks whose Peter Lynch fair value is far above the current price. The following stocks are trading with wide margins of safety and at least five gurus are shareholders.

    Lincoln National Corp. (LNC) is trading at about $39 per share, and the Peter Lynch fair value gives the stock a fair price of $62.37, giving investors a margin of safety of 37%.


  • This Insurance Company Is Making Money Despite Weak Investment Returns and Competition

    The Travelers Companies Inc. (NYSE:TRV) is an insurance company, even more undervalued in the past few days, as it experiences collatoral damage from the Brexit vote. But behind the currently weak share price we find a solid company with promise.

    GuruFocus TRV logo


  • Pioneer Investments' Largest Buys of the Last 2 Quarters

    Pioneer Investment Management 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 firm has a portfolio composed of 502 stocks and in both fourth quarter 2015 and first quarter 2016 the fund bought shares in the following stocks:

    Boeing Co. (BA)


  • In Spite of Less Revenue Rite Aid Still Has Growth Potential

    Rite Aid (NYSE:RAD) is the third-largest drugstore chain in the U.S. with stores in 4,570 locations. It sells both prescription and nonprescription drugs as well as other retail merchandise. Currently the stock is trading at a P/E multiple of 57.33x; while comparing it with peers on PEG ratio it is a rather cheap stock to buy, and it has upside potential of 13.65% from the market price of $7.74.


  • Competition in Retail Industry Gives Rise to Potential Value Traps

    The customized “Value Trap Screener” listed several retail companies that are potential value traps including Macy’s Inc. (NYSE:M) and Abercrombie and Fitch Co. (NYSE:ANF). As these two companies experience decreasing gross margins and operating margins, these stocks become potential sell targets.

    The dreaded value trap: some potential warning signs


  • Hedge Funds Maintain Bullish Move on Caterpillar

    Caterpillar Inc. (NYSE:CAT) is the world's largest producer of earthmoving equipment and a big maker of electric power generators and engines used in petroleum markets and mining equipment.

    In the first quarter the hedge fund sentiment seemed to be bullish. Pioneer Investments (Trades, Portfolio), Stanley Druckenmiller (Trades, Portfolio) and David Dreman (Trades, Portfolio) initiated new positions in the stock with 2,813 shares, 330,000 shares and 567 shares. Moreover, other bullish movements were made by Joel Greenblatt (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio), having upped their stakes by 259.57% and 68.40%.


  • Pioneer Investments Adds to Stake in CVS

    Pioneer Investments (Trades, Portfolio) was founded by Philip L. Carret in 1928. Carret started his own investment portfolio with $10,000. Over the course of the next 55 years, his initial investment grew to $8 million. Warren Buffett (Trades, Portfolio) once said that Carret had "the best long term investment record of anyone I know."



  • Pioneer Sells Most of Stakes in Bank of America, Express Scripts, Citizens Financial

    Pioneer Investments (Trades, Portfolio)’ preferred sectors are Technology and Healthcare, but its most prominent transactions in the first quarter covered a wide range of sectors.

    Pioneer’s largest first-quarter transaction was the nearly 86% reduction of its stake in Bank of America Corporation (NYSE:BAC), a Charlotte, North Carolina-based banking and financial services company. Pioneer sold 20,731,901 shares for an average price of $13.54 per share. The deal had a -1.33% impact on Pioneer’s portfolio.


  • Guru Stocks With Steady Returns: NetEase, Monster Beverage

    According to GuruFocus' All-in-One Screener, the following stocks have had strong performance over the last 10 years with high and steady returns as well as profitability. EPS has also grown steadily with the company’s revenue. Most of these companies have a great cash-to-debt ratio.

    NetEase Inc. (NTES)


  • Time to Get Out of Dover

    Dover Corp (NYSE:DOV) is a $10.51 billion market cap company that manufactures a broad range of specialized industrial products and sophisticated manufacturing equipment.

    Better profitability


  • Gilead, Fossil Among Stocks Trading Below Lynch Earnings Line

    Former Magellan fund manager Peter Lynch devised a method of determining whether stocks are over or undervalued by equating $1 in earnings with $15 in stock price. The earnings line was introduced in his best-selling book “One Up on Wall Street.”

    A graph comparing the Peter Lynch earnings line with the actual stock price can be found on the summary pages of each stock on GuruFocus. The Peter Lynch Screen is also available to automatically search for high-performing undervalued stocks. Five of these picks are listed below.


  • 5 of the Most Discounted, US-Listed Net-Nets

    Ben Graham popularized net-net investing in his legendary book, "The Intelligent Investor." To this day, it’s an area of the market I love to explore.

    Net-net investing means investing in companies that trade at a market price that values them below the value of its cash and cash equivalents, accounts receivable (adjusted for doubtful accounts) and inventory (which you should adjust as well). The total of all liabilities is then subtracted from these current assets to arrive at a net-net value.


  • Insiders Roundup: Sales of Facebook

    The All-in-One Screener can be used to find insider buys and sells over the last week by clicking on the Insiders tab and changing the settings for All Insider Buying to “$1,000,000+” and duration to "March 2016."

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


  • Cummins and CSX: Undervalued With Predictable Business

    According to GuruFocus’ All-in-One Screener, the following stocks have a high business predictability rating, and at least five gurus are shareholders in the companies.

    Cabot Oil & Gas Corp. (COG)


  • Pioneer Investments Acquires 50 New Stakes

    Pioneer Investments (Trades, Portfolio) made 50 new buys in the fourth quarter. That is nearly as many new buys as Pioneer made in the third quarter, but it is also the guru’s fewest new buys since the third quarter of 2014.

    Pioneer Investments (Trades, Portfolio)’ most significant fourth-quarter transaction was the purchases of stakes in Alphabet Inc. (NASDAQ:GOOGL)(NASDAQ:GOOG), the Mountain View, California-based parent company of Google Inc. Pioneer purchased a 723,236-share stake in GOOGL for an average price of $742.51 per share and a 499,584-share stake in GOOG for an average price of $720.15 per share.


  • 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.


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