Ken Fisher's (Trades, Portfolio) Fisher Asset Management, LLC sold shares of the following stocks during the first quarter of 2020.
Pfizer
Fisher trimmed the Pfizer Inc. (PFE) holding by 87.99%. The portfolio was impacted by -1.58%.
The pharmaceutical firm has a market cap of $210.31 billion and an enterprise value of $252.95 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 26.24% and return on assets of 10.06% are outperforming 83% of companies in the drug manufacturers industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.19 is below the industry median of 0.97.
The largest guru shareholder of the company is Vanguard Health Care Fund (Trades, Portfolio) with 1.01% of outstanding shares, followed by Jim Simons (Trades, Portfolio)’ Renaissance technologies with 0.24% and Pioneer Investments (Trades, Portfolio) with 0.17%.
Johnson & Johnson
The investor trimmed the Johnson & Johnson (JNJ) holding by 87.73%. The portfolio was impacted by -1.57%.
The pharmaceutical, medical devices and diagnostics company has a market cap of $399.12 billion and an enterprise value of $407.53 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 28.88% and return on assets of 11.13% are outperforming 86% of companies in the drug manufacturers industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.38 is below the industry median of 0.61.
The largest guru shareholder of the company is Pioneer Investments (Trades, Portfolio) with 0.18% of outstanding shares, followed by Yacktman Asset Management (Trades, Portfolio) with 0.14% and T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.11%.
SoftBank Group
The guru reduced its position of SoftBank Group Corp. (SFTBY) by 90.99%, impacting the portfolio by -1.04%.
The Japanese telecom and e-commerce conglomerate has a market cap of $89.34 billion and an enterprise value of $245.50 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 4.51% and return on assets of 0.94% are underperforming 61% of companies in the telecommunication services industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.21 is below the industry median of 0.27.
The largest guru shareholder of the company is Fisher with 0.11% of outstanding shares.
UBS Group
The investor almost completely closed the position in UBS Group AG (UBS) by a reduction of 97.35%. The trade had an impact of -0.65% on the portfolio.
The wealth manager has a market cap of $37.57 billion and an enterprise value of $106.14 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 7.96% and return on assets of 0.45% are underperforming 78% of companies in the banks industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.62 is below the industry median of 1.14.
The largest guru shareholder of the company is the Dodge & Cox with 4.02% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 0.45%.
Verizon Communications
Fisher trimmed its HSBC Holdings PLC. (HSBC) position by 96.69%, with an impact of -0.61% on the portfolio.
The bank has a market cap of $106.38 billion and an enterprise value of $189.17 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 3.25% and return on assets of 0.28% are underperforming 86% of companies in the banks industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.72 underperforms 64% of competitors.
Simons is the largest guru shareholder of the company with 0.18% of outstanding shares, followed by Fisher with 0.01% and Charles Brandes (Trades, Portfolio) with 0.01%.
Procter & Gamble
The firm cut its holding in Procter & Gamble Co. (PG) by 70.92%. The trade had an impact of -0.46% on the portfolio.
The consumer product manufacturer has a market cap of $289.38 billion and an enterprise value of $311.30 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 9.85% and return on assets of 4.29% are outperforming 61% of companies in the consumer packaged goods industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.43 is above the industry median of 0.41.
The largest guru shareholder of the company is Yacktman Asset Management (Trades, Portfolio) with 0.20% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 0.14% and Diamond Hill Capital (Trades, Portfolio) with 0.09%.
Disclosure: I do not own any stocks mentioned.
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