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What the Gurus Bought this Week
Posted by: Monica Wolfe (IP Logged)
Date: December 13, 2013 05:20PM
The following information is a highlight of the real-time guru activity we saw this week. To view more information on these gurus, check out their guru portfolios. The “Real Time Picks” reports the stock purchases and sells that Gurus have made within the prior two weeks. If a Guru makes a purchase or sell of a company in which they owns a greater-than 5% stake, SEC regulations require them to report their transaction within two days. This week we saw notable increases Real Time activity from Warren Buffett, Steven Cohen and Dodge & Cox.
On Dec. 9 Buffett added to his holdings in DaVita HealthCare Partners. The guru upped his stake 6.77% by adding a total of 1,314,170 shares to his stake. Buffett bought these shares at an average price of $62.17, and since then the share price has dropped approximately -3%.
During the third quarter Buffett added nearly 1.5 million shares of DVA at an estimated average quarterly price of $57.29. The price has increased 5.1% since then.
Buffett now holds on to 36,461,294 shares of DaVita representing 9.75% of the company’s shares outstanding.
The filing report was submitted by Ted Weschler, one of Buffett’s two portfolio managers. The report shows that Weschler purchased these shares in a series of four separate transactions taking place from Dec. 5 to Dec. 9, in the price range of $57.11 to $59.87 per share.
Warren Buffett’s holding history as of the third quarter:
Despite Berkshire’s consistent increasing position, both DaVita and Buffet’s fund have agreed that Berkshire will not acquire or attempt to acquire more than 25% of the company without its approval.
DaVita s a provider of dialysis services in the United States for patients suffering from chronic kidney failure, also known as end stage renal disease, or ESRD.
DaVita’s historical revenue and net income:
The analysis on DaVita reports that the company’s price is near a 10-year high, its operating margin is expanding and it has shown predictable revenue and earnings growth. The GuruFocus analysis also notes that the company’s asset growth is currently faster than its revenue, which could mean that the company is getting less effective.
The top three guru owners of DaVita HealthCare:
1. Warren Buffett: 20,737,879 shares, representing 9.75% of the company’s shares outstanding.
2. Steve Mandel: 6,302,027 shares, representing 2.96% of the company’s shares outstanding.
3. Alan Fournier: 4,792,290 shares, representing 2.25% of the company’s shares outstanding.
The Peter Lynch Chart suggests that the company is currently overvalued:
DaVita Healthcare has a market cap of $12.8 billion. Its shares are currently trading at around $60.19 with a P/E ratio of 22.10, a P/S ratio of 1.20 and a P/B ratio of 3.00. The company had an annual average earnings growth of 18.1% over the past ten years.
GuruFocus rated the business predictability rank of 3.5-star.
Check out Warren Buffet and Berkshire’s third quarter portfolio here.
On Dec. 6 Cohen increased his position in Move Inc. (MOVE) by a notable 102152.66%. The guru bought a total of 1,980,740 shares. Cohen bought these shares at an average price of $15.88 per share, and since then the share price has decreased approximately -4%.
He now holds on to 1,982,679 shares of Move, representing approximately 4.92% of the company’s shares outstanding.
Cohen’s holding history as of the close of the third quarter:
Move Inc., and its subsidiaries, operate an online network of web sites for real estate search, finance, moving and home enthusiasts and provide resources for consumers seeking online information and connections needed regarding real estate.
Move’s historical revenue and net income:
The analysis on Move reports that the company’s revenue has been in decline over the past five years, their P/E ratio is near a 2-year high and the company holds no debt.
The top three guru shareholders of Move Inc:
1. Steven Cohen: 1,982,679 shares, representing 4.92% of the company’s shares outstanding.
2. Jim Simons: 1,007,775 shares, representing 2.5% of the company’s shares outstanding.
3. David Nierenberg: 910,441 shares, representing 2.26% of the company’s shares outstanding.
The company recently received the Global Achievement Award by the National Association of REALTORS. This award is presented to companies achieving excellence in global business services by fostering the exchange of timely and accurate real estate information across borders and helping to create and grow international relationships among real estate professionals.
Move has a market cap of $590.9 million. Its shares are currently trading at around $15.13 with a P/E ratio of 168.20, a P/B ratio of 2.80 and a P/B ratio of 5.60.
Check out Steven Cohen’s third quarter portfolio here.
Dodge & Cox
On Dec. 9, Dodge & Cox increased their portfolio holdings of Symantec Corp (SYMC) by 15.46%. The fund purchased a total of 9,844,700 shares of the company’s stock at an average price of $22.78 per share. Since their most recent increase the price per share has dropped approximately -3%.
Dodge & Cox now holds on to a total of 73,509,367 shares of Symantec stock, representing 10.51% of the company’s shares outstanding.
The company provides security, storage and systems management solutions to help businesses and consumers secure and manage their information. Its five operating segments are: Consumer, Security and Compliance, Storage and Server Management, Services, and Other.
Symantec’s historical revenue and net income:
The company only holds one good sign on its analysis which is that the company’s dividend yield is at a 1-year high.
The top three guru shareholders of Symantec:
1. Dodge & Cox: 73,509,367 shares, representing 10.51% of the company’s shares outstanding.
2. PRIMECAP: 27,024,443 shares, representing 3.86% of the company’s shares outstanding.
3. Jim Simons: 11,122,738 shares, representing 1.59% of the company’s shares outstanding.
The Peter Lynch Chart suggests that the company is currently overvalued:
Symantec has a market cap of $15.38 billion. Its shares are currently trading at around $22.09 with a P/E ratio of 19.50, a P/S ratio of 2.30 and a P/B ratio of 2.80. The dividend yield of Symantec stocks is currently at 2.00%.
Check out Dodge & Cox’s third quarter holdings here.
You can check out all of the guru’s real time picks here.
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Guru Discussed: Dodge & Cox: Current Portfolio, Stock Picks
Steven Cohen: Current Portfolio, Stock Picks
Stocks Discussed: MOVE, SYMC, DVA,
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