|New Threads Only:|
|New Threads & Replies:|
Forum List » Guru News and Commentaries|
Guru News, Stock picks and commentaries
Edward Owens’ Vanguard Health Care Fund Does More Shedding Than Adding in Third Quarter
Posted by: Dianne Tordillo (IP Logged)
Date: November 1, 2012 05:34PM
Pennsylvania-based Vanguard Health Care Fund has reduced its stake of five companies out of the seven total transactions it reported recently for its third quarter portfolio update.
The companies that experienced the reductions are: Gilead Sciences Inc. (GILD), Biogen Idec Inc. (BIIB), Pall Corp. (PLL), Onyx Pharmaceuticals (ONXX) and Regeneron Pharmaceuticals (REGN).
As the largest fund in the global health and biotech category, according to its website, Vanguard reduced the most in fluid management solutions provider, Pall Corp., by 61.56 percent of its shares with the company. This percentage accounts for the decrease of 600,000 shares from its 974,000 shares in the end of the second quarter, bringing the fund’s current holding down to 374,600 shares.
Headquartered in New York, Pall Corp. is currently trading at $64.54 per share, the stock up almost 3%, with a market cap of $7.08 billion.
After its fiscal year ended in July 31, 2012, Pall released a fourth quarter and full year fiscal report in September, which revealed increases in such areas as sales and earnings per share. Certain segments of the company, such as bio-pharmaceuticals, food and beverage and medical all underwent sales growth for the quarter.
With a positive price valuation trendline in a five-year time frame, Pall’s trading price almost reaches its 10-year high, according to one of its four Medium Warning Signs on GuruFocus. Two of the Medium Warning signs also denote its P/B and P/S ratios close to three year highs.
Its three Good Warning Signs indicate Pall’s strong financial strength, an expanding operating margin and a stock dividend yield close to its two-year high.
Besides the reductions, Vanguard also added Agilent Technologies (A) to its portfolio, and increased its shares in Teva Pharmaceutical Industries (TEVA).
To view the rest of the data pertaining to Vanguard’s third quarter portfolio updates, visit its GuruFocus Stock Picks summary. You can also view Vanguard’s portfolio here, as well as the the fund’s undervalued stocks, top growth companies and high yield stocks of Vanguard Health Care Fund.
Guru Discussed: Edward Owens: Current Portfolio, Stock Picks
Stocks Discussed: GILD, BIIB, PLL, ONXX, REGN, A, TEVA,
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.