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Daniel Loeb, Third Point Selling Update - TIF, DIS, YHOO, WCC, TMO
Posted by: Sally Jones (IP Logged)
Date: November 15, 2013 05:20PM
The third quarter portfolio of Daniel Loeb’s Third Point LLC lists 35 stocks and a total value of $4 billion with a quarter-over-quarter turnover of 25%. Guru Loeb has bought nine new stocks, according to the GuruFocus update of Nov. 14, 2013. Loeb’s average return over 12 months is 22.53%. Daniel Loeb’s highest impact decrease for the third quarter was reducing his Yahoo! Inc. (YHOO) position by 74.19%, with a portfolio impact of -26.19%. Read about Loeb’s YHOO trade.
Here are four more high-impact sells and reductions made by Daniel Loeb in the third quarter of 2013, starting with his sell out of Tiffany & Co. (TIF). Tiffany’s worldwide net sales were up 4% at $926 million in the second quarter of 2013. The company reported a 16% increase in quarterly net earnings at$107 million, up from $92 million in the same quarter of 2012. Earnings of $0.83 per diluted share were also up from the same quarter of 2012 at $0.72 per diluted share. Total sales for the company’s Asia-Pacific region were up 20% for the reporting quarter, compared to the Americas region, with total sales up 2%, according to a company press release.
Tiffany & Co. (TIF): Sold Out
Impacts Portfolio: -2.7%
Up 38% over 12 months, Tiffany & Co. has a market cap of $10.54 billion; its shares trade with a P/E ratio of 24.50. The dividend yield is 1.60%.
Guru Action: As of Sept. 30, 2013, Daniel Loeb sold out his TIF holding, unloading 1,650,000 shares at an average price of $78.74, for a gain of 4.6%.
The current share price is around $82.24, with a change from average up 4%.
Loeb held TIF for three quarters. In the first quarter of 2013, he gained 26.1% on a new buy of 2,700,000 shares at an average price of $65.34 per share. Selling 1,050,000 shares in the second quarter of 2013, he made a gain of 10.5%, selling at an average price of $74.53 per share.
Find more third quarter guru trading and recent insider activity.
Track historical pricing, revenue and net income:
Walt Disney Co. (DIS): Reduced
Impacts Portfolio: -1.88%
Up 47% over 12 months, Walt Disney Co. has a market cap of $124.6 billion; its shares trade with a P/E ratio of 21.20. The dividend yield is 1.10%.
Guru Action: As of Sept. 30, 2013, Daniel Loeb reduced his DIS position by 72.22%, selling 1,300,000 shares at an average price of $64.10, for a gain of 9.2%.
The current share price is around $70.02, with a change from average up 9%.
Over two quarters, he averaged a gain of 11% on 1,800,000 shares bought at an average price of $63.17 per share. Selling 1,300,000 shares at an average price of $64.10 per share, he gained 9%.
Find numerous gurus trading DIS and insider selling.
Thermo Fisher Scientific Inc. (TMO): Reduced
Impacts Portfolio: -1.82%
Up 67% over 12 months, Thermo Fisher Scientific Inc. has a market cap of $36.56 billion; its shares trade with a P/E ratio of 27.90. The dividend yield is 0.60%.
Guru Action: As of Sept. 30, 2013, Daniel Loeb reduced his TMO position by 38%, selling 950,000 shares at an average price of $90.43, for a gain of 10.8%.
The current share price is around $100.21, with a change from average up 11%.
Loeb averaged a gain of 29% on 2,500,000 shares bought at an average price of $77.81 per share. Selling 950,000 shares at an average price of $90.43 per share, he gained 11%.
Find more gurus trading TMO and insider selling.
Wesco International Inc. (WCC): Sold Out
Impacts Portfolio: -1.7%
Up 38% over 12 months, Wesco International Inc. has a market cap of $4.12 billion; its shares trade with a P/E ratio of 18.10. The company does not pay a dividend.
Guru Action: As of Sept. 30, 2013, Daniel Loeb sold out his WCC, selling 1,100,000 shares at an average price of $74.17 per share, for a gain of 14.5%.
The current share price is around $85.30, with a change from average up 15%.
Loeb held WCC for five quarters of double-digit gains. In the third quarter of 2012, he made a new buy 1,699,000 shares at an average price of $58.33 per share, gaining 45.7%, his highest gain.
Find more gurus and insiders trading WCC.
Daniel Seth Loeb is the founder and CEO of Third Point LLC, a hedge fund based in New York.
Here’s more about Daniel Loeb and his recent portfolio update.
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Guru Discussed: Daniel Loeb: Current Portfolio, Stock Picks
Stocks Discussed: YHOO, TIF, DIS, TMO, WCC,
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