Richard Pzena likes to buy troubled companies. But before he buys, he does make sure that the trouble is temporary. This strategy works well for him, even Joel Greenblatt ask him to manage money. These are his buys and sells during the third quarter.
Richard Pzena buys Covidien Ltd., Discover Financial Services, Brady Corp., Argonaut Group Inc., Jones Apparel Group Inc., PHARMERICA CORP, Mitsubishi UFJ Financial Group Inc., Merrill Lynch & Co. Inc., sells American Express Company, CVS Caremark Corp., First Data Corp., Advanced Micro Devices Inc., Charles River Laboratories International, FMC Corp., Circuit City Stores Inc., Employers Holdings Inc., American Home Mortgage Investm, The CocaCola Company, PharmaNet Development Group Inc., Tredegar Corp., Petroleo Brasileiro S.A.Petrobras, ITC Holdings Corp., United Microelectronics Corp. during the 3-months ended 09/30/2007, according to the most recent filings of his investment company, Pzena Investment Management LLC. Richard Pzena owns 129 stocks with a total value of $26081.4 billion. These are the details of the buys and sells.
New Purchases: AGII, BRC, COV, DFS, JNY, MER, MTU, PMC,
Added Positions: ACS, ALL, ALU, AMGN, BAC, BDK, BSX, C, CFC, CHFC, CNW, COF, FFG, GFF, GPN, HD, IMB, INDM, JNJ, JPM, KB, LEH, MS, NOC, RX, SRE, STC, TECD, WB, WEC, WHR, WMT, XJT,
Reduced Positions: AMR, AOC, ARM, ATAC, AZO, CBR, CBS, CCMP, CSC, KMT, MET, ORCL, PGR, SLE, TPX, UNP, XOM,
Sold Out: AMD, AXP, CC, CRL, CVS, EIG, FDC, FMC, ITC, KO, PBR, PDGI, TG, UMC,
Added: Lehman Brothers Holdings Inc. (LEH, Financial)
Richard Pzena added to his holdings in Investment Services company Lehman Brothers Holdings Inc. by 137.39%. His purchase prices were between $52.81 and $74.42, with an estimated average price of $61.8. The impact to his portfolio due to this purchase was 1.2%. His holdings were 8,725,905 shares as of 09/30/2007.
Lehman Brothers Holdings, Inc., through its subsidiaries, provides various financial services to corporations, governments and municipalities, institutions, and high-net-worth individuals worldwide. Lehman Brothers Holdings Inc. has a market cap of $33.06 billion; its shares were traded at around $62.38 with P/E ratio of 8.39 and P/S ratio of 1.72. The dividend yield of Lehman Brothers Holdings Inc. stocks is 1%.
Added: Capital One Financial Corp. (COF, Financial)
Richard Pzena added to his holdings in Consumer Finance company Capital One Financial Corp. by 64.98%. His purchase prices were between $62.67 and $78.54, with an estimated average price of $69.6. The impact to his portfolio due to this purchase was 1.09%. His holdings were 10,905,160 shares as of 09/30/2007.
Capital One Financial Corporation operates as the holding company for the Capital One Bank and Capital One, F.S.B, which offer various commercial banking services in the United States. Capital One Financial Corp. has a market cap of $22.2 billion; its shares were traded at around $53.05 with P/E ratio of 11.79 and P/S ratio of 1.86. The dividend yield of Capital One Financial Corp. stocks is 0.2%.
Added: Countrywide Financial Corp. (CFC, Financial)
Richard Pzena added to his holdings in Mortgage Finance company Countrywide Financial Corp. by 181.95%. His purchase prices were between $18.01 and $36.73, with an estimated average price of $25. The impact to his portfolio due to this purchase was 1.05%. His holdings were 22,339,949 shares as of 09/30/2007.
Countrywide Financial Corporation, a holding company, engages in mortgage lending and other finance-related operations. The company operates in five segments: Mortgage Banking, Banking, Capital Markets, Insurance, and Global Operations. Countrywide Financial Corp. has a market cap of $6.98 billion; its shares were traded at around $12.07 with P/S ratio of 0.99. The dividend yield of Countrywide Financial Corp. stocks is 5%.
Added: AlcatelLucent (ALU, Financial)
Richard Pzena added to his holdings in Mortgage Finance company AlcatelLucent by 29.15%. His purchase prices were between $9 and $14.35, with an estimated average price of $11.5. The impact to his portfolio due to this purchase was 0.9%. His holdings were 101,688,061 shares as of 09/30/2007.
Alcatel-Lucent provides solutions that enable service providers, enterprises, and governments to deliver voice, data, and video communication services to end-users worldwide. AlcatelLucent has a market cap of $18.34 billion; its shares were traded at around $8.12 with P/S ratio of 0.77. The dividend yield of AlcatelLucent stocks is 4.4%.
Added: Johnson & Johnson (JNJ, Financial)
Richard Pzena added to his holdings in Pharmaceuticals company Johnson & Johnson by 23.78%. His purchase prices were between $59.37 and $65.7, with an estimated average price of $62.1. The impact to his portfolio due to this purchase was 0.6%. His holdings were 12,483,705 shares as of 09/30/2007.
Johnson & Johnson engages in the manufacture and sale of various products in the health care field worldwide. The company operates in three segments: Consumer, Pharmaceutical, and Medical Devices and Diagnostics. Johnson & Johnson has a market cap of $193.88 billion; its shares were traded at around $67.75 with P/E ratio of 19.08 and P/S ratio of 3.25. The dividend yield of Johnson & Johnson stocks is 2.5%.
Added: The Home Depot Inc. (HD, Financial)
Richard Pzena added to his holdings in Specialty Retailers company The Home Depot Inc. by 25.78%. His purchase prices were between $32.44 and $40.61, with an estimated average price of $36.2. The impact to his portfolio due to this purchase was 0.59%. His holdings were 23,118,391 shares as of 09/30/2007.
The Home Depot, Inc. operates as a home improvement retailer primarily in the United States, Canada, and Mexico. It operates The Home Depot stores, which sell building materials, home improvement supplies, and lawn and garden products to do-it-youselfers and contractors. The Home Depot Inc. has a market cap of $57.5 billion; its shares were traded at around $29.07 with P/E ratio of 12.13 and P/S ratio of 0.64. The dividend yield of The Home Depot Inc. stocks is 3.1%.
Added: Northrop Grumman Corp. (NOC, Financial)
Richard Pzena added to his holdings in Aerospace company Northrop Grumman Corp. by 21%. His purchase prices were between $76.13 and $79.55, with an estimated average price of $77.9. The impact to his portfolio due to this purchase was 0.35%. His holdings were 6,733,687 shares as of 09/30/2007.
Northrop Grumman Corporation provides products, services, and solutions in information and services, aerospace, electronics, and shipbuilding to the military, government, and commercial customers in the United States and internationally. Northrop Grumman Corp. has a market cap of $27.22 billion; its shares were traded at around $80.45 with P/E ratio of 15.86 and P/S ratio of 0.89. The dividend yield of Northrop Grumman Corp. stocks is 1.8%.
Added: WalMart Stores Inc. (WMT, Financial)
Richard Pzena added to his holdings in Broadline Retailers company WalMart Stores Inc. by 8.84%. His purchase prices were between $42.39 and $48.9, with an estimated average price of $45.1. The impact to his portfolio due to this purchase was 0.34%. His holdings were 24,878,332 shares as of 09/30/2007.
Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. It operates through three segments: Wal-Mart Stores, Sam's Club, and International. WalMart Stores Inc. has a market cap of $188.52 billion; its shares were traded at around $46.34 with P/E ratio of 15.15 and P/S ratio of 0.51. The dividend yield of WalMart Stores Inc. stocks is 1.9%.
Added: Allstate Corp. The (ALL, Financial)
Richard Pzena added to his holdings in Property & Casualty Insurance company Allstate Corp. The by 9.39%. His purchase prices were between $51.25 and $61.36, with an estimated average price of $55.7. The impact to his portfolio due to this purchase was 0.31%. His holdings were 16,704,883 shares as of 09/30/2007.
The Allstate Corporation, through its subsidiaries, engages in the personal property and casualty insurance business, as well as in the life insurance, retirement, and investment products business in the United States and Canada. Allstate Corp. The has a market cap of $30.04 billion; its shares were traded at around $52.64 with P/E ratio of 6.54 and P/S ratio of 0.82. The dividend yield of Allstate Corp. The stocks is 2.9%.
Added: Citigroup Inc. (C, Financial)
Richard Pzena added to his holdings in Banks company Citigroup Inc. by 7.12%. His purchase prices were between $44.89 and $51.25, with an estimated average price of $47.3. The impact to his portfolio due to this purchase was 0.28%. His holdings were 23,822,394 shares as of 09/30/2007.
Citigroup, Inc., a multibank holding company, provides various financial services to customers in the United States and internationally. The company's Global Consumer segment offers banking, lending, insurance, and investment services. Citigroup Inc. has a market cap of $169.36 billion; its shares were traded at around $34 with P/E ratio of 7.76 and P/S ratio of 2.00. The dividend yield of Citigroup Inc. stocks is 6.4%.
Added: Whirlpool Corp. (WHR, Financial)
Richard Pzena added to his holdings in Furnishings company Whirlpool Corp. by 7.83%. His purchase prices were between $88.62 and $112.79, with an estimated average price of $97.9. The impact to his portfolio due to this purchase was 0.2%. His holdings were 8,118,293 shares as of 09/30/2007.
Whirlpool Corporation engages in the manufacture and marketing of home appliances worldwide. Its principal products include laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, room air-conditioning equipment, etc. Whirlpool Corp. has a market cap of $5.89 billion; its shares were traded at around $76.16 with P/E ratio of 10.86 and P/S ratio of 0.32. The dividend yield of Whirlpool Corp. stocks is 2.3%.
Added: Amgen Inc. (AMGN, Financial)
Richard Pzena added to his holdings in Biotechnology company Amgen Inc. by 8.87%. His purchase prices were between $50.08 and $56.93, with an estimated average price of $53.4. The impact to his portfolio due to this purchase was 0.18%. His holdings were 10,430,833 shares as of 09/30/2007.
Amgen Inc., a biotechnology company, engages in the discovery, development, manufacture, and marketing of human therapeutics based on advances in cellular and molecular biology. Amgen Inc. has a market cap of $60.35 billion; its shares were traded at around $55.49 with P/E ratio of 20.07 and P/S ratio of 4.01.
Added: Black & Decker Corp. The (BDK, Financial)
Richard Pzena added to his holdings in Durable Household Products company Black & Decker Corp. The by 58.71%. His purchase prices were between $81.94 and $94.72, with an estimated average price of $87. The impact to his portfolio due to this purchase was 0.18%. His holdings were 1,563,840 shares as of 09/30/2007.
The Black & Decker Corporation manufactures and markets power tools and accessories, hardware and home improvement products, and technology-based fastening systems worldwide. Black & Decker Corp. The has a market cap of $5.29 billion; its shares were traded at around $84.55 with P/E ratio of 13.39 and P/S ratio of 0.81. The dividend yield of Black & Decker Corp. The stocks is 2%.
Added: Bank of America Corp. (BAC)
Richard Pzena added to his holdings in Banks company Bank of America Corp. by 7.11%. His purchase prices were between $46.41 and $51.24, with an estimated average price of $49.2. The impact to his portfolio due to this purchase was 0.16%. His holdings were 12,312,208 shares as of 09/30/2007.
Bank of America Corporation, a financial holding company, provides banking and nonbanking financial services in the United States and internationally. The company's Global Consumer and Small Business Banking segment offers savings accounts, etc. Bank of America Corp. has a market cap of $196.93 billion; its shares were traded at around $44.37 with P/E ratio of 10.06 and P/S ratio of 2.99. The dividend yield of Bank of America Corp. stocks is 5.8%.
Added: Affiliated Computer Services Inc. (ACS)
Richard Pzena added to his holdings in Computer Services company Affiliated Computer Services Inc. by 10.44%. His purchase prices were between $48.49 and $58.05, with an estimated average price of $51.8. The impact to his portfolio due to this purchase was 0.16%. His holdings were 8,958,870 shares as of 09/30/2007.
Affiliated Computer Services, Inc. provides business process outsourcing (BPO) and information technology (IT) services to commercial and government clients in the United States. Affiliated Computer Services Inc. has a market cap of $4.2 billion; its shares were traded at around $41.78 with P/E ratio of 16.31 and P/S ratio of 0.72.
Added: Wisconsin Energy Corp. (WEC)
Richard Pzena added to his holdings in Electricity company Wisconsin Energy Corp. by 8.57%. His purchase prices were between $42.37 and $45.17, with an estimated average price of $43.7. The impact to his portfolio due to this purchase was 0.12%. His holdings were 8,938,022 shares as of 09/30/2007.
Wisconsin Energy Corporation, through its subsidiaries, provides electricity and natural gas services in Wisconsin and Michigan. It operates through two segments, Utility Energy and Non-Utility Energy. Wisconsin Energy Corp. has a market cap of $5.5 billion; its shares were traded at around $47.02 with P/E ratio of 17.51 and P/S ratio of 1.31. The dividend yield of Wisconsin Energy Corp. stocks is 2.1%.
Added: Morgan Stanley (MS)
Richard Pzena added to his holdings in Investment Services company Morgan Stanley by 7.29%. His purchase prices were between $59.8 and $72.97, with an estimated average price of $64.7. The impact to his portfolio due to this purchase was 0.11%. His holdings were 6,438,638 shares as of 09/30/2007.
Morgan Stanley, a financial services company, through its subsidiaries and affiliates, provides various products and services to clients and customers, including corporations, governments, financial institutions, and individuals worldwide. Morgan Stanley has a market cap of $56.14 billion; its shares were traded at around $52.9 with P/E ratio of 6.24 and P/S ratio of 1.40. The dividend yield of Morgan Stanley stocks is 2%.
Added: Sempra Energy (SRE)
Richard Pzena added to his holdings in Electricity company Sempra Energy by 6.45%. His purchase prices were between $52.82 and $59.53, with an estimated average price of $55.9. The impact to his portfolio due to this purchase was 0.11%. His holdings were 8,478,687 shares as of 09/30/2007.
Sempra Energy engages in the generation of electricity, and the distribution and transmission of natural gas in the United States, Europe, Canada, Mexico, South America, and Asia. Sempra Energy has a market cap of $15.71 billion; its shares were traded at around $60.11 with P/E ratio of 16.99 and P/S ratio of 1.33. The dividend yield of Sempra Energy stocks is 2.1%.
Added: IMS Health Inc. (RX)
Richard Pzena added to his holdings in Business Support Services company IMS Health Inc. by 44.41%. His purchase prices were between $28.24 and $32.79, with an estimated average price of $29.9. The impact to his portfolio due to this purchase was 0.08%. His holdings were 2,272,897 shares as of 09/30/2007.
IMS Health Incorporated provides information solutions to the pharmaceutical and healthcare industries worldwide. It offers sales territory reporting services for various applications, such as sales-force compensation, resource allocation, etc. IMS Health Inc. has a market cap of $4.74 billion; its shares were traded at around $24.44 with P/E ratio of 17.44 and P/S ratio of 2.19. The dividend yield of IMS Health Inc. stocks is 0.5%.
Added: JPMorgan Chase & Co. (JPM)
Richard Pzena added to his holdings in Banks company JPMorgan Chase & Co. by 20.52%. His purchase prices were between $43.17 and $49.65, with an estimated average price of $45.6. The impact to his portfolio due to this purchase was 0.07%. His holdings were 2,444,255 shares as of 09/30/2007.
JPMorgan Chase & Co., through its subsidiaries, provides a range of financial services worldwide. The company operates through six segments: Investment Bank, Retail Financial Services, Card Services, Commercial Banking, Treasury and Securities etc. JPMorgan Chase & Co. has a market cap of $144.74 billion; its shares were traded at around $43.09 with P/E ratio of 9.00 and P/S ratio of 2.28. The dividend yield of JPMorgan Chase & Co. stocks is 3.5%.
Added: Con-way Inc. (CNW)
Richard Pzena added to his holdings in Trucking company Con-way Inc. by 160.74%. His purchase prices were between $45.53 and $54.63, with an estimated average price of $48.5. The impact to his portfolio due to this purchase was 0.06%. His holdings were 501,725 shares as of 09/30/2007.
Con-Way, Inc., together with its subsidiaries, provides transportation, logistics, and supply chain management services for a range of manufacturing, industrial, and retail customers. Con-way Inc. has a market cap of $1.82 billion; its shares were traded at around $40.42 with P/E ratio of 9.92 and P/S ratio of 0.44. The dividend yield of Con-way Inc. stocks is 1%.
Added: Griffon Corp. (GFF)
Richard Pzena added to his holdings in Building Materials & Fixtures company Griffon Corp. by 80.29%. His purchase prices were between $14.33 and $22, with an estimated average price of $16.7. The impact to his portfolio due to this purchase was 0.05%. His holdings were 1,837,005 shares as of 09/30/2007.
Griffon Corporation, together with its subsidiaries, operates as a diversified manufacturing company. It operates in four segments: Garage Doors, Installation Services, Specialty Plastic Films, and Electronic Information and Communication Systems. Griffon Corp. has a market cap of $414.99 million; its shares were traded at around $13.89 with P/E ratio of 19.45 and P/S ratio of 0.27.
Added: Tech Data Corp. (TECD)
Richard Pzena added to his holdings in Business Support Services company Tech Data Corp. by 27.64%. His purchase prices were between $34.56 and $40.12, with an estimated average price of $38.1. The impact to his portfolio due to this purchase was 0.04%. His holdings were 1,081,596 shares as of 09/30/2007.
Tech Data Corporation distributes information technology products, as well as offers logistics management and other value-added services worldwide. It sells microcomputer hardware and software products, including peripherals, systems, networking equipment. Tech Data Corp. has a market cap of $2.01 billion; its shares were traded at around $36.42 with P/E ratio of 31.92 and P/S ratio of 0.09.
Added: FBL Financial Group Inc. (FFG)
Richard Pzena added to his holdings in Full Line Insurance company FBL Financial Group Inc. by 59.9%. His purchase prices were between $34.46 and $40.36, with an estimated average price of $37.9. The impact to his portfolio due to this purchase was 0.04%. His holdings were 640,125 shares as of 09/30/2007.
FBL Financial Group, Inc., through its subsidiaries, engages in underwriting, marketing, and distributing individual life insurance policies and annuity contracts in the United States. FBL Financial Group Inc. has a market cap of $1.12 billion; its shares were traded at around $37.39 with P/E ratio of 11.50 and P/S ratio of 1.15. The dividend yield of FBL Financial Group Inc. stocks is 1.3%.
Added: Global Payments Inc. (GPN)
Richard Pzena added to his holdings in Business Support Services company Global Payments Inc. by 117.07%. His purchase prices were between $35.98 and $44.2, with an estimated average price of $39.1. The impact to his portfolio due to this purchase was 0.03%. His holdings were 279,150 shares as of 09/30/2007.
Global Payments, Inc. provides payment processing and consumer money transfer services worldwide. It operates in two segments, Merchant Services and Money Transfer. Global Payments Inc. has a market cap of $3.47 billion; its shares were traded at around $44 with P/E ratio of 24.84 and P/S ratio of 3.12. The dividend yield of Global Payments Inc. stocks is 0.2%.
Added: United America Indemnity Ltd. (INDM)
Richard Pzena added to his holdings in Property & Casualty Insurance company United America Indemnity Ltd. by 30.98%. His purchase prices were between $20.38 and $25.08, with an estimated average price of $21.9. The impact to his portfolio due to this purchase was 0.03%. His holdings were 1,706,358 shares as of 09/30/2007.
United America Indemnity, Ltd., through its wholly owned subsidiaries, operates as a specialty property and casualty insurer in the United States. The company also provides third party treaty and facultative reinsurance for writers of excess, etc. United America Indemnity Ltd. has a market cap of $789.17 million; its shares were traded at around $21.08 with P/E ratio of 7.76 and P/S ratio of 1.27.
Added: Indymac Bancorp Inc. (IMB)
Richard Pzena added to his holdings in Banks company Indymac Bancorp Inc. by 84.03%. His purchase prices were between $18.74 and $29.56, with an estimated average price of $23.2. The impact to his portfolio due to this purchase was 0.03%. His holdings were 693,329 shares as of 09/30/2007.
IndyMac Bancorp, Inc. operates as the holding company for IndyMac Bank, F.S.B., a thrift/mortgage bank, which provides mortgage products and services in the United States. Indymac Bancorp Inc. has a market cap of $810.51 million; its shares were traded at around $10.07 with P/S ratio of 0.98. The dividend yield of Indymac Bancorp Inc. stocks is 9.9%.
Added: Chemical Financial Corp. (CHFC)
Richard Pzena added to his holdings in Banks company Chemical Financial Corp. by 47.62%. His purchase prices were between $21.14 and $27.37, with an estimated average price of $24.6. The impact to his portfolio due to this purchase was 0.03%. His holdings were 1,082,338 shares as of 09/30/2007.
Chemical Financial Corporation operates as the holding company for Chemical Bank that provides commercial banking products and services in the state of Michigan. Chemical Financial Corp. has a market cap of $615.09 million; its shares were traded at around $25.68 with P/E ratio of 15.65 and P/S ratio of 3.88. The dividend yield of Chemical Financial Corp. stocks is 4.4%.
Added: ExpressJet Holdings Inc. (XJT)
Richard Pzena added to his holdings in Airlines company ExpressJet Holdings Inc. by 121.2%. His purchase prices were between $3.09 and $6.27, with an estimated average price of $4.7. The impact to his portfolio due to this purchase was 0.02%. His holdings were 2,166,575 shares as of 09/30/2007.
ExpressJet Holdings, Inc., through its subsidiaries, operates as a regional airline under the name Continental Express. It offers scheduled passenger service to approximately 150 destinations in North America, Mexico, and the Caribbean. ExpressJet Holdings Inc. has a market cap of $145.61 million; its shares were traded at around $2.66 with P/S ratio of 0.09.
Added: Kookmin Bank (KB)
Richard Pzena added to his holdings in Banks company Kookmin Bank by 53.73%. His purchase prices were between $77.5 and $93.83, with an estimated average price of $83.4. The impact to his portfolio due to this purchase was 0.02%. His holdings were 147,925 shares as of 09/30/2007.
Kookmin Bank, together with its subsidiaries, provides commercial banking services to individuals, and small and medium sized enterprises in South Korea. Kookmin Bank has a market cap of $25.69 billion; its shares were traded at around $76.38 with P/E ratio of 10.27 and P/S ratio of 1.71.
Added: Stewart Information Services Corp. (STC)
Richard Pzena added to his holdings in Property & Casualty Insurance company Stewart Information Services Corp. by 21.34%. His purchase prices were between $34.27 and $40.85, with an estimated average price of $37.3. The impact to his portfolio due to this purchase was 0.01%. His holdings were 606,322 shares as of 09/30/2007.
Stewart Information Services Corporation, through its subsidiaries, provides real estate information and transaction management services in the United States, Canada, the United Kingdom, Mexico, and Australia. Stewart Information Services Corp. has a market cap of $536.72 million; its shares were traded at around $29.77 with P/E ratio of 294.75 and P/S ratio of 0.24. The dividend yield of Stewart Information Services Corp. stocks is 2.5%.
Added: Boston Scientific Corp. (BSX)
Richard Pzena added to his holdings in Medical Supplies company Boston Scientific Corp. by 46.4%. His purchase prices were between $12.52 and $15.51, with an estimated average price of $13.7. The impact to his portfolio due to this purchase was 0.01%. His holdings were 290,975 shares as of 09/30/2007.
Boston Scientific Corporation engages in the development, manufacture, and marketing of medical devices that are used in interventional medical specialties worldwide. Boston Scientific Corp. has a market cap of $18.04 billion; its shares were traded at around $12.1 with P/E ratio of 74.69 and P/S ratio of 2.26.
Added: Wachovia Corp. (WB)
Richard Pzena added to his holdings in Banks company Wachovia Corp. by 45.07%. His purchase prices were between $44.35 and $51.95, with an estimated average price of $49. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 31,625 shares as of 09/30/2007.
Wachovia Corporation operates as a bank holding company. It engages in capital management, the general bank, wealth management, and the corporate and investment bank businesses. Wachovia Corp. has a market cap of $74.4 billion; its shares were traded at around $39.14 with P/E ratio of 8.77 and P/S ratio of 2.39. The dividend yield of Wachovia Corp. stocks is 6.5%.
New Purchase: Covidien Ltd. (COV)
Richard Pzena initiated holdings in Medical Equipment company Covidien Ltd.. His purchase prices were between $38.35 and $43.83, with an estimated average price of $40.9. The impact to his portfolio due to this purchase was 0.32%. His holdings were 2,036,801 shares as of 09/30/2007.
Covidien, Ltd., through its subsidiaries, engages in the development, manufacture, and distribution of medical devices and supplies, diagnostic imaging agents, pharmaceuticals, and other healthcare products for use in clinical and home settings. Covidien Ltd. has a market cap of $19.68 billion; its shares were traded at around $39.58 with P/S ratio of 1.93. The dividend yield of Covidien Ltd. stocks is 1.6%.
New Purchase: Discover Financial Services (DFS)
Richard Pzena initiated holdings in Consumer Finance company Discover Financial Services. His purchase prices were between $20.74 and $27.08, with an estimated average price of $23.1. The impact to his portfolio due to this purchase was 0.23%. His holdings were 2,844,917 shares as of 09/30/2007.
Discover Financial Services LLC issues credit cards under the Discover Card brand name. The company offers classic, platinum, gold, titanium, and club cards. Discover Financial Services has a market cap of $8.48 billion; its shares were traded at around $17.76 with P/E ratio of 10.20 and P/S ratio of 2.08. The dividend yield of Discover Financial Services stocks is 0.3%.
New Purchase: Brady Corp. (BRC)
Richard Pzena initiated holdings in Electronic Equipment company Brady Corp.. His purchase prices were between $34.74 and $40.58, with an estimated average price of $37.2. The impact to his portfolio due to this purchase was 0.12%. His holdings were 845,000 shares as of 09/30/2007.
Brady Corporation engages in the manufacture and marketing of identification solutions and specialty products worldwide. It offers facility identification products, including informational signs and printers; warehouse identification products. Brady Corp. has a market cap of $1.88 billion; its shares were traded at around $34.67 with P/E ratio of 17.35 and P/S ratio of 1.39. The dividend yield of Brady Corp. stocks is 1.7%.
New Purchase: Argonaut Group Inc. (AGII)
Richard Pzena initiated holdings in Property & Casualty Insurance company Argonaut Group Inc.. His purchase prices were between $40.78 and $47.4, with an estimated average price of $43. The impact to his portfolio due to this purchase was 0.05%. His holdings were 294,684 shares as of 09/30/2007.
Argo Group International Holdings, Ltd., through its subsidiaries, underwrites specialty insurance and reinsurance products in the property and casualty market. Argonaut Group Inc. has a market cap of $1.26 billion; its shares were traded at around $41.14 with P/E ratio of 9.63 and P/S ratio of 1.29.
New Purchase: Jones Apparel Group Inc. (JNY)
Richard Pzena initiated holdings in Clothing & Accessories company Jones Apparel Group Inc.. His purchase prices were between $18.3 and $28.31, with an estimated average price of $21.8. The impact to his portfolio due to this purchase was 0.04%. His holdings were 460,375 shares as of 09/30/2007.
Jones Apparel Group, Inc. engages in the design, marketing, and wholesale of apparel, footwear, and accessories primarily in the United States and Canada. Jones Apparel Group Inc. has a market cap of $1.64 billion; its shares were traded at around $19.18 with P/E ratio of 15.38 and P/S ratio of 0.35. The dividend yield of Jones Apparel Group Inc. stocks is 2.9%.
New Purchase: PHARMERICA CORP (PMC)
Richard Pzena initiated holdings in Clothing & Accessories company PHARMERICA CORP. His purchase prices were between $14.92 and $17.73, with an estimated average price of $16.3. The impact to his portfolio due to this purchase was 0.03%. His holdings were 531,262 shares as of 09/30/2007.
PharMerica Corporation operates as an institutional pharmacy services provider, which provides pharmacy solutions and customer service to institutional customers and patients in long-term care settings in the United States. PHARMERICA CORP has a market cap of $469.43 million; its shares were traded at around $15.46 with P/S ratio of 0.53.
New Purchase: Merrill Lynch & Co. Inc. (MER)
Richard Pzena initiated holdings in Investment Services company Merrill Lynch & Co. Inc.. His purchase prices were between $69.68 and $85.67, with an estimated average price of $75.7. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 3,135 shares as of 09/30/2007.
Merrill Lynch & Co., Inc., together with its subsidiaries, provides broker-dealer, investment banking, financing, wealth management, advisory, asset management, insurance, lending, and related products and services worldwide. Merrill Lynch & Co. Inc. has a market cap of $48.03 billion; its shares were traded at around $56.11 with P/E ratio of 12.49 and P/S ratio of 1.70. The dividend yield of Merrill Lynch & Co. Inc. stocks is 2.5%.
New Purchase: Mitsubishi UFJ Financial Group Inc. (MTU)
Richard Pzena initiated holdings in Banks company Mitsubishi UFJ Financial Group Inc.. His purchase prices were between $8.32 and $11.23, with an estimated average price of $9.9. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 3,575 shares as of 09/30/2007.
Mitsubishi UFJ Financial Group, Inc. and its subsidiaries provide various financial services to retail and corporate customers in Japan and internationally. Mitsubishi UFJ Financial Group Inc. has a market cap of $18.00 T million; its shares were traded at around $8.38 with P/S ratio of 450.32.
Reduced: MetLife Inc. (MET)
Richard Pzena reduced to his holdings in Life Insurance company MetLife Inc. by 33.23%. His sale prices were between $58.95 and $68.94, with an estimated average price of $63.8. The impact to his portfolio due to this sale was 1.3%. Richard Pzena still held 6,476,203 shares as of 09/30/2007.
MetLife, Inc., through its subsidiaries, provides insurance and other financial services in the United States and internationally. The company operates in five segments: Institutional, Individual, Auto and Home, International, and Reinsurance. MetLife Inc. has a market cap of $47.38 billion; its shares were traded at around $63.97 with P/E ratio of 7.09 and P/S ratio of 0.92. The dividend yield of MetLife Inc. stocks is 1.2%.
Reduced: Oracle Corp. (ORCL)
Richard Pzena reduced to his holdings in Software company Oracle Corp. by 46.38%. His sale prices were between $19.35 and $21.98, with an estimated average price of $20.3. The impact to his portfolio due to this sale was 0.96%. Richard Pzena still held 17,014,699 shares as of 09/30/2007.
Oracle Corporation, an enterprise software company, engages in the development, manufacture, distribution, servicing, and marketing of database, middleware, and application software. Oracle Corp. has a market cap of $106.52 billion; its shares were traded at around $20.8 with P/E ratio of 24.56 and P/S ratio of 5.52.
Reduced: Computer Sciences Corp. (CSC)
Richard Pzena reduced to his holdings in Computer Services company Computer Sciences Corp. by 53.79%. His sale prices were between $52.79 and $61.38, with an estimated average price of $56.4. The impact to his portfolio due to this sale was 0.33%. Richard Pzena still held 2,343,886 shares as of 09/30/2007.
Computer Sciences Corporation provides information technology (IT) and professional services commercial and government markets. The company's outsourcing services include the operation of customer's technology infrastructure, etc. Computer Sciences Corp. has a market cap of $9.05 billion; its shares were traded at around $52 with P/E ratio of 26.28 and P/S ratio of 0.61.
Reduced: The Progressive Corp. (PGR)
Richard Pzena reduced to his holdings in Property & Casualty Insurance company The Progressive Corp. by 47.61%. His sale prices were between $19.07 and $21.75, with an estimated average price of $20. The impact to his portfolio due to this sale was 0.28%. Richard Pzena still held 5,691,952 shares as of 09/30/2007.
The Progressive Corporation, through its subsidiaries, provides personal and commercial automobile insurance and other specialty property-casualty insurance products and related services in the United States. The Progressive Corp. has a market cap of $12.71 billion; its shares were traded at around $18.21 with P/E ratio of 9.98 and P/S ratio of 0.90. The dividend yield of The Progressive Corp. stocks is 0.2%.
Reduced: Union Pacific Corp. (UNP)
Richard Pzena reduced to his holdings in Railroads company Union Pacific Corp. by 80.82%. His sale prices were between $105.59 and $125.47, with an estimated average price of $114.2. The impact to his portfolio due to this sale was 0.14%. Richard Pzena still held 570,626 shares as of 09/30/2007.
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, provides rail transportation services in North America. The company has approximately 32,339 route miles linking Pacific Coast and Gulf Coast ports. Union Pacific Corp. has a market cap of $33.22 billion; its shares were traded at around $126.48 with P/E ratio of 18.51 and P/S ratio of 2.04. The dividend yield of Union Pacific Corp. stocks is 1.4%.
Reduced: Sara Lee Corp. (SLE)
Richard Pzena reduced to his holdings in Food Products company Sara Lee Corp. by 66.73%. His sale prices were between $15.44 and $17.26, with an estimated average price of $16.4. The impact to his portfolio due to this sale was 0.14%. Richard Pzena still held 3,707,888 shares as of 09/30/2007.
Sara Lee Corporation engages in the manufacture and marketing of a range of branded packaged meat products, fresh and frozen bakery products, roast and ground coffee, and household and body care products worldwide. Sara Lee Corp. has a market cap of $11.45 billion; its shares were traded at around $15.81 with P/E ratio of 31.31 and P/S ratio of 0.92. The dividend yield of Sara Lee Corp. stocks is 2.7%.
Reduced: CIBER Inc. (CBR)
Richard Pzena reduced to his holdings in Computer Services company CIBER Inc. by 21.16%. His sale prices were between $7.45 and $8.35, with an estimated average price of $7.8. The impact to his portfolio due to this sale was 0.1%. Richard Pzena still held 4,111,210 shares as of 09/30/2007.
CIBER, Inc. operates as a pure-play international system integration consultancy with various value-priced services for both private and government sector clients. CIBER Inc. has a market cap of $431.31 million; its shares were traded at around $7.07 with P/E ratio of 14.98 and P/S ratio of 0.41.
Reduced: Aftermarket Technology Corp. (ATAC)
Richard Pzena reduced to his holdings in Auto Parts company Aftermarket Technology Corp. by 43.87%. His sale prices were between $26 and $32.54, with an estimated average price of $29.6. The impact to his portfolio due to this sale was 0.09%. Richard Pzena still held 1,080,542 shares as of 09/30/2007.
Aftermarket Technology Corp. and its subsidiaries provide outsourced engineering solutions and supply chain logistics services to the light and medium/heavy duty vehicle aftermarket, and consumer electronics industries in North America and Europe. Aftermarket Technology Corp. has a market cap of $631.28 million; its shares were traded at around $28.54 with P/E ratio of 15.88 and P/S ratio of 1.26.
Reduced: Exxon Mobil Corp. (XOM)
Richard Pzena reduced to his holdings in Integrated Oil & Gas company Exxon Mobil Corp. by 31.9%. His sale prices were between $81.44 and $92.2, with an estimated average price of $86.9. The impact to his portfolio due to this sale was 0.09%. Richard Pzena still held 346,300 shares as of 09/30/2007. Exxon Mobil Corp. has a market cap of $464.95 billion; its shares were traded at around $85.1 with P/E ratio of 12.31 and P/S ratio of 1.36. The dividend yield of Exxon Mobil Corp. stocks is 1.6%.
Reduced: Aon Corp. (AOC)
Richard Pzena reduced to his holdings in Full Line Insurance company Aon Corp. by 87.42%. His sale prices were between $39.98 and $44.66, with an estimated average price of $42.3. The impact to his portfolio due to this sale was 0.08%. Richard Pzena still held 886,528 shares as of 09/30/2007.
Aon Corporation, through its subsidiaries, provides insurance and risk management, consulting, and insurance underwriting solutions worldwide. The company has three segments: Risk and Insurance Brokerage Services; Consulting; and Insurance Underwritings. Aon Corp. has a market cap of $13.88 billion; its shares were traded at around $47.56 with P/E ratio of 17.42 and P/S ratio of 1.41. The dividend yield of Aon Corp. stocks is 1.3%.
Reduced: ArvinMeritor Inc. (ARM)
Richard Pzena reduced to his holdings in Auto Parts company ArvinMeritor Inc. by 47.92%. His sale prices were between $16.42 and $23.02, with an estimated average price of $18.7. The impact to his portfolio due to this sale was 0.03%. Richard Pzena still held 610,735 shares as of 09/30/2007.
ArvinMeritor, Inc. supplies a range of integrated systems, modules, and components to the motor vehicle industry worldwide. Its light vehicle systems include aperture systems, such as roof systems, door systems. ArvinMeritor Inc. has a market cap of $819.55 million; its shares were traded at around $11.34 with P/S ratio of 0.10. The dividend yield of ArvinMeritor Inc. stocks is 3.5%.
Reduced: Cabot Microelectronics Corp. (CCMP)
Richard Pzena reduced to his holdings in Specialty Chemicals company Cabot Microelectronics Corp. by 64.02%. His sale prices were between $36.5 and $43.98, with an estimated average price of $41.3. The impact to his portfolio due to this sale was 0.02%. Richard Pzena still held 212,027 shares as of 09/30/2007.
Cabot Microelectronics Corporation engages in the development, manufacture, and sale of slurries for chemical mechanical planarization process (CMP). CMP is a polishing process used by integrated circuit device manufacturers to planarize etc. Cabot Microelectronics Corp. has a market cap of $921.02 million; its shares were traded at around $38.64 with P/E ratio of 27.13 and P/S ratio of 2.70.
Reduced: Kennametal Inc. (KMT)
Richard Pzena reduced to his holdings in Diversified Industrials company Kennametal Inc. by 93.53%. His sale prices were between $73.16 and $86.5, with an estimated average price of $81.3. The impact to his portfolio due to this sale was 0.01%. Richard Pzena still held 32,819 shares as of 09/30/2007.
Kennametal, Inc. manufactures and supplies tooling, engineered components, and advanced materials consumed in production processes. The company provides consumable metalcutting tools and tooling systems to manufacturing companies of various industries. Kennametal Inc. has a market cap of $3.05 billion; its shares were traded at around $78.34 with P/E ratio of 17.26 and P/S ratio of 1.30. The dividend yield of Kennametal Inc. stocks is 1.2%.
Reduced: TempurPedic International Inc. (TPX)
Richard Pzena reduced to his holdings in Furnishings company TempurPedic International Inc. by 84.24%. His sale prices were between $27.06 and $35.75, with an estimated average price of $31. The impact to his portfolio due to this sale was 0.01%. Richard Pzena still held 139,400 shares as of 09/30/2007.
Tempur-Pedic International, Inc. engages in the manufacture, marketing, and distribution of bedding products worldwide. Its products include pillows, mattresses, and adjustable beds, as well as various cushions and other comfort products. TempurPedic International Inc. has a market cap of $2.42 billion; its shares were traded at around $32.18 with P/E ratio of 20.32 and P/S ratio of 2.27. The dividend yield of TempurPedic International Inc. stocks is 1%.
Reduced: AutoZone Inc. (AZO)
Richard Pzena reduced to his holdings in Specialty Retailers company AutoZone Inc. by 97.5%. His sale prices were between $109.9 and $139.92, with an estimated average price of $122.2. The impact to his portfolio due to this sale was 0.01%. Richard Pzena still held 14,700 shares as of 09/30/2007.
AutoZone, Inc. operates as a specialty retailer and distributor of automotive replacement parts and accessories. Its stores offer various products primarily to do-it-yourself customers for use in cars, sport utility vehicles, vans, and light trucks. AutoZone Inc. has a market cap of $7.25 billion; its shares were traded at around $111.64 with P/E ratio of 13.09 and P/S ratio of 1.20.
Reduced: CBS Corp. (CBS)
Richard Pzena reduced to his holdings in Media company CBS Corp. by 83.84%. His sale prices were between $30.01 and $34.45, with an estimated average price of $31.9. The impact to his portfolio due to this sale was less than 0.01%. Richard Pzena still held 14,837 shares as of 09/30/2007.
CBS Corporation operates as a mass media company in the United States and internationally. It operates in four segments: Television, Radio, Outdoor, and Publishing. CBS Corp. has a market cap of $18.62 billion; its shares were traded at around $27.18 with P/E ratio of 15.66 and P/S ratio of 1.31. The dividend yield of CBS Corp. stocks is 3.7%.
Reduced: AMR Corp. (AMR)
Richard Pzena reduced to his holdings in Airlines company AMR Corp. by 80.41%. His sale prices were between $22.29 and $28.49, with an estimated average price of $24.7. The impact to his portfolio due to this sale was less than 0.01%. Richard Pzena still held 10,000 shares as of 09/30/2007.
AMR Corporation (AMR), through its subsidiaries, operates as a scheduled passenger airline in the United States. The company, through its principal subsidiary, American Airlines, Inc., provides scheduled jet service to approximately 150 destinations. AMR Corp. has a market cap of $5.6 billion; its shares were traded at around $22.47 with P/E ratio of 10.72 and P/S ratio of 0.25.
Sold Out: Circuit City Stores Inc. (CC)
Richard Pzena sold out his holdings in Specialty Retailers company Circuit City Stores Inc.. His sale prices were between $7.91 and $15.09, with an estimated average price of $11.3. The impact to his portfolio due to this sale was less than 0.01%.
Circuit City Stores, Inc. operates as a specialty retailer of consumer electronics, home office products, entertainment software, and related services. Circuit City Stores Inc. has a market cap of $1.04 billion; its shares were traded at around $6.15 with P/S ratio of 0.09. The dividend yield of Circuit City Stores Inc. stocks is 2.6%.
Sold Out: FMC Corp. (FMC)
Richard Pzena sold out his holdings in Specialty Chemicals company FMC Corp.. His sale prices were between $42.38 and $52.02, with an estimated average price of $45.7. The impact to his portfolio due to this sale was less than 0.01%.
FMC Corporation, a chemical company, provides solutions, applications, and products to various end markets worldwide. The company operates through three segments: Agricultural Products, Specialty Chemicals, and Industrial Chemicals. FMC Corp. has a market cap of $3.94 billion; its shares were traded at around $52.12 with P/E ratio of 38.90 and P/S ratio of 1.55. The dividend yield of FMC Corp. stocks is 0.8%.
Sold Out: PharmaNet Development Group Inc. (PDGI)
Richard Pzena sold out his holdings in Business Support Services company PharmaNet Development Group Inc.. His sale prices were between $26.91 and $32.66, with an estimated average price of $29. The impact to his portfolio due to this sale was less than 0.01%.
PharmaNet Development Group, Inc., a drug development services company, provides clinical drug development services to pharmaceutical, biotechnology, generic drug, and medical device companies worldwide. PharmaNet Development Group Inc. has a market cap of $710.03 million; its shares were traded at around $37.56 with P/S ratio of 1.57.
Sold Out: Employers Holdings Inc. (EIG)
Richard Pzena sold out his holdings in Property & Casualty Insurance company Employers Holdings Inc.. His sale prices were between $16.77 and $20.61, with an estimated average price of $19.1. The impact to his portfolio due to this sale was less than 0.01%.
Employers Holdings, Inc. and its subsidiaries operate in the commercial property and casualty insurance industry. It provides workers' compensation insurance focusing on small businesses engaged in low to medium hazard industries. Employers Holdings Inc. has a market cap of $919.83 million; its shares were traded at around $17.72 with P/E ratio of 4.98 and P/S ratio of 1.88. The dividend yield of Employers Holdings Inc. stocks is 1.4%.
Sold Out: Tredegar Corp. (TG)
Richard Pzena sold out his holdings in Aluminum company Tredegar Corp.. His sale prices were between $16.55 and $21.77, with an estimated average price of $18.4. The impact to his portfolio due to this sale was less than 0.01%.
Tredegar Corporation, through its subsidiaries, manufactures plastic films and aluminum extrusions primarily for personal and household care products, and packaging and surface protection applications in the United States and Canada. Tredegar Corp. has a market cap of $513.44 million; its shares were traded at around $13.69 with P/E ratio of 41.61 and P/S ratio of 0.45. The dividend yield of Tredegar Corp. stocks is 1.2%.
Sold Out: The CocaCola Company (KO)
Richard Pzena sold out his holdings in Soft Drinks company The CocaCola Company. His sale prices were between $51.96 and $57.47, with an estimated average price of $54.1. The impact to his portfolio due to this sale was less than 0.01%. The CocaCola Company has a market cap of $144.71 billion; its shares were traded at around $62.62 with P/E ratio of 26.78 and P/S ratio of 5.21. The dividend yield of The CocaCola Company stocks is 2.2%.
Sold Out: CVS Caremark Corp. (CVS)
Richard Pzena sold out his holdings in Drug Retailers company CVS Caremark Corp.. His sale prices were between $35.09 and $39.57, with an estimated average price of $37. The impact to his portfolio due to this sale was less than 0.01%. CVS Caremark Corp. has a market cap of $62.34 billion; its shares were traded at around $42.21 with P/E ratio of 22.95 and P/S ratio of 0.93. The dividend yield of CVS Caremark Corp. stocks is 0.6%.
Sold Out: ITC Holdings Corp. (ITC)
Richard Pzena sold out his holdings in Electricity company ITC Holdings Corp.. His sale prices were between $40.66 and $50.01, with an estimated average price of $44.9. The impact to his portfolio due to this sale was less than 0.01%.
ITC Holdings Corp., through its subsidiaries, engages in the transmission of electricity in the United States. The company operates primarily as a conduit, moving power from generators to local distribution systems. ITC Holdings Corp. has a market cap of $2.41 billion; its shares were traded at around $56.28 with P/E ratio of 39.77 and P/S ratio of 6.16. The dividend yield of ITC Holdings Corp. stocks is 2.1%.
Sold Out: Charles River Laboratories International (CRL)
Richard Pzena sold out his holdings in Biotechnology company Charles River Laboratories International. His sale prices were between $50.56 and $56.15, with an estimated average price of $53. The impact to his portfolio due to this sale was less than 0.01%.
Charles River Laboratories International, Inc., together with its subsidiaries, provides solutions that advance the drug discovery and development process, including research models and associated services. Charles River Laboratories International has a market cap of $4.17 billion; its shares were traded at around $61.45 with P/E ratio of 27.35 and P/S ratio of 3.49.
Sold Out: Advanced Micro Devices Inc. (AMD)
Richard Pzena sold out his holdings in Semiconductors company Advanced Micro Devices Inc.. His sale prices were between $11.89 and $15.5, with an estimated average price of $13.4. The impact to his portfolio due to this sale was less than 0.01%.
Advanced Micro Devices, Inc., a semiconductor company, provides processing solutions for the computing, graphics, and consumer electronics markets in the United States, Europe, and Asia. Advanced Micro Devices Inc. has a market cap of $7.01 billion; its shares were traded at around $12.64 with P/S ratio of 1.17.
Sold Out: Petroleo Brasileiro S.A.Petrobras (PBR)
Richard Pzena sold out his holdings in Exploration & Production company Petroleo Brasileiro S.A.Petrobras. His sale prices were between $54.08 and $75.5, with an estimated average price of $65. The impact to his portfolio due to this sale was less than 0.01%.
Petroleo Brasileiro S.A.桺etrobras, together with its subsidiaries, engages in the exploration, exploitation, and production of oil from reservoir wells, shale, and other rocks in Brazil. Petroleo Brasileiro S.A.Petrobras has a market cap of $232.02 billion; its shares were traded at around $105.77 with P/E ratio of 18.73 and P/S ratio of 2.30. The dividend yield of Petroleo Brasileiro S.A.Petrobras stocks is 0.3%.
Sold Out: American Express Company (AXP)
Richard Pzena sold out his holdings in Consumer Finance company American Express Company. His sale prices were between $57.35 and $64.35, with an estimated average price of $59.8. The impact to his portfolio due to this sale was less than 0.01%. American Express Company has a market cap of $68.61 billion; its shares were traded at around $58.67 with P/E ratio of 17.27 and P/S ratio of 2.29. The dividend yield of American Express Company stocks is 1%.
Sold Out: United Microelectronics Corp. (UMC)
Richard Pzena sold out his holdings in Semiconductors company United Microelectronics Corp.. His sale prices were between $3.03 and $3.59, with an estimated average price of $3.3. The impact to his portfolio due to this sale was less than 0.01%.
United Microelectronics Corporation operates as a semiconductor foundry in Taiwan. It manufactures integrated circuits for fabless design companies, integrated device manufacturers, and system companies operating in various industries. United Microelectronics Corp. has a market cap of $8.59 billion; its shares were traded at around $3.46 with P/E ratio of 13.31 and P/S ratio of 2.53. The dividend yield of United Microelectronics Corp. stocks is 5.6%.
Richard Pzena buys Covidien Ltd., Discover Financial Services, Brady Corp., Argonaut Group Inc., Jones Apparel Group Inc., PHARMERICA CORP, Mitsubishi UFJ Financial Group Inc., Merrill Lynch & Co. Inc., sells American Express Company, CVS Caremark Corp., First Data Corp., Advanced Micro Devices Inc., Charles River Laboratories International, FMC Corp., Circuit City Stores Inc., Employers Holdings Inc., American Home Mortgage Investm, The CocaCola Company, PharmaNet Development Group Inc., Tredegar Corp., Petroleo Brasileiro S.A.Petrobras, ITC Holdings Corp., United Microelectronics Corp. during the 3-months ended 09/30/2007, according to the most recent filings of his investment company, Pzena Investment Management LLC. Richard Pzena owns 129 stocks with a total value of $26081.4 billion. These are the details of the buys and sells.
New Purchases: AGII, BRC, COV, DFS, JNY, MER, MTU, PMC,
Added Positions: ACS, ALL, ALU, AMGN, BAC, BDK, BSX, C, CFC, CHFC, CNW, COF, FFG, GFF, GPN, HD, IMB, INDM, JNJ, JPM, KB, LEH, MS, NOC, RX, SRE, STC, TECD, WB, WEC, WHR, WMT, XJT,
Reduced Positions: AMR, AOC, ARM, ATAC, AZO, CBR, CBS, CCMP, CSC, KMT, MET, ORCL, PGR, SLE, TPX, UNP, XOM,
Sold Out: AMD, AXP, CC, CRL, CVS, EIG, FDC, FMC, ITC, KO, PBR, PDGI, TG, UMC,
Added: Lehman Brothers Holdings Inc. (LEH, Financial)
Richard Pzena added to his holdings in Investment Services company Lehman Brothers Holdings Inc. by 137.39%. His purchase prices were between $52.81 and $74.42, with an estimated average price of $61.8. The impact to his portfolio due to this purchase was 1.2%. His holdings were 8,725,905 shares as of 09/30/2007.
Lehman Brothers Holdings, Inc., through its subsidiaries, provides various financial services to corporations, governments and municipalities, institutions, and high-net-worth individuals worldwide. Lehman Brothers Holdings Inc. has a market cap of $33.06 billion; its shares were traded at around $62.38 with P/E ratio of 8.39 and P/S ratio of 1.72. The dividend yield of Lehman Brothers Holdings Inc. stocks is 1%.
Added: Capital One Financial Corp. (COF, Financial)
Richard Pzena added to his holdings in Consumer Finance company Capital One Financial Corp. by 64.98%. His purchase prices were between $62.67 and $78.54, with an estimated average price of $69.6. The impact to his portfolio due to this purchase was 1.09%. His holdings were 10,905,160 shares as of 09/30/2007.
Capital One Financial Corporation operates as the holding company for the Capital One Bank and Capital One, F.S.B, which offer various commercial banking services in the United States. Capital One Financial Corp. has a market cap of $22.2 billion; its shares were traded at around $53.05 with P/E ratio of 11.79 and P/S ratio of 1.86. The dividend yield of Capital One Financial Corp. stocks is 0.2%.
Added: Countrywide Financial Corp. (CFC, Financial)
Richard Pzena added to his holdings in Mortgage Finance company Countrywide Financial Corp. by 181.95%. His purchase prices were between $18.01 and $36.73, with an estimated average price of $25. The impact to his portfolio due to this purchase was 1.05%. His holdings were 22,339,949 shares as of 09/30/2007.
Countrywide Financial Corporation, a holding company, engages in mortgage lending and other finance-related operations. The company operates in five segments: Mortgage Banking, Banking, Capital Markets, Insurance, and Global Operations. Countrywide Financial Corp. has a market cap of $6.98 billion; its shares were traded at around $12.07 with P/S ratio of 0.99. The dividend yield of Countrywide Financial Corp. stocks is 5%.
Added: AlcatelLucent (ALU, Financial)
Richard Pzena added to his holdings in Mortgage Finance company AlcatelLucent by 29.15%. His purchase prices were between $9 and $14.35, with an estimated average price of $11.5. The impact to his portfolio due to this purchase was 0.9%. His holdings were 101,688,061 shares as of 09/30/2007.
Alcatel-Lucent provides solutions that enable service providers, enterprises, and governments to deliver voice, data, and video communication services to end-users worldwide. AlcatelLucent has a market cap of $18.34 billion; its shares were traded at around $8.12 with P/S ratio of 0.77. The dividend yield of AlcatelLucent stocks is 4.4%.
Added: Johnson & Johnson (JNJ, Financial)
Richard Pzena added to his holdings in Pharmaceuticals company Johnson & Johnson by 23.78%. His purchase prices were between $59.37 and $65.7, with an estimated average price of $62.1. The impact to his portfolio due to this purchase was 0.6%. His holdings were 12,483,705 shares as of 09/30/2007.
Johnson & Johnson engages in the manufacture and sale of various products in the health care field worldwide. The company operates in three segments: Consumer, Pharmaceutical, and Medical Devices and Diagnostics. Johnson & Johnson has a market cap of $193.88 billion; its shares were traded at around $67.75 with P/E ratio of 19.08 and P/S ratio of 3.25. The dividend yield of Johnson & Johnson stocks is 2.5%.
Added: The Home Depot Inc. (HD, Financial)
Richard Pzena added to his holdings in Specialty Retailers company The Home Depot Inc. by 25.78%. His purchase prices were between $32.44 and $40.61, with an estimated average price of $36.2. The impact to his portfolio due to this purchase was 0.59%. His holdings were 23,118,391 shares as of 09/30/2007.
The Home Depot, Inc. operates as a home improvement retailer primarily in the United States, Canada, and Mexico. It operates The Home Depot stores, which sell building materials, home improvement supplies, and lawn and garden products to do-it-youselfers and contractors. The Home Depot Inc. has a market cap of $57.5 billion; its shares were traded at around $29.07 with P/E ratio of 12.13 and P/S ratio of 0.64. The dividend yield of The Home Depot Inc. stocks is 3.1%.
Added: Northrop Grumman Corp. (NOC, Financial)
Richard Pzena added to his holdings in Aerospace company Northrop Grumman Corp. by 21%. His purchase prices were between $76.13 and $79.55, with an estimated average price of $77.9. The impact to his portfolio due to this purchase was 0.35%. His holdings were 6,733,687 shares as of 09/30/2007.
Northrop Grumman Corporation provides products, services, and solutions in information and services, aerospace, electronics, and shipbuilding to the military, government, and commercial customers in the United States and internationally. Northrop Grumman Corp. has a market cap of $27.22 billion; its shares were traded at around $80.45 with P/E ratio of 15.86 and P/S ratio of 0.89. The dividend yield of Northrop Grumman Corp. stocks is 1.8%.
Added: WalMart Stores Inc. (WMT, Financial)
Richard Pzena added to his holdings in Broadline Retailers company WalMart Stores Inc. by 8.84%. His purchase prices were between $42.39 and $48.9, with an estimated average price of $45.1. The impact to his portfolio due to this purchase was 0.34%. His holdings were 24,878,332 shares as of 09/30/2007.
Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. It operates through three segments: Wal-Mart Stores, Sam's Club, and International. WalMart Stores Inc. has a market cap of $188.52 billion; its shares were traded at around $46.34 with P/E ratio of 15.15 and P/S ratio of 0.51. The dividend yield of WalMart Stores Inc. stocks is 1.9%.
Added: Allstate Corp. The (ALL, Financial)
Richard Pzena added to his holdings in Property & Casualty Insurance company Allstate Corp. The by 9.39%. His purchase prices were between $51.25 and $61.36, with an estimated average price of $55.7. The impact to his portfolio due to this purchase was 0.31%. His holdings were 16,704,883 shares as of 09/30/2007.
The Allstate Corporation, through its subsidiaries, engages in the personal property and casualty insurance business, as well as in the life insurance, retirement, and investment products business in the United States and Canada. Allstate Corp. The has a market cap of $30.04 billion; its shares were traded at around $52.64 with P/E ratio of 6.54 and P/S ratio of 0.82. The dividend yield of Allstate Corp. The stocks is 2.9%.
Added: Citigroup Inc. (C, Financial)
Richard Pzena added to his holdings in Banks company Citigroup Inc. by 7.12%. His purchase prices were between $44.89 and $51.25, with an estimated average price of $47.3. The impact to his portfolio due to this purchase was 0.28%. His holdings were 23,822,394 shares as of 09/30/2007.
Citigroup, Inc., a multibank holding company, provides various financial services to customers in the United States and internationally. The company's Global Consumer segment offers banking, lending, insurance, and investment services. Citigroup Inc. has a market cap of $169.36 billion; its shares were traded at around $34 with P/E ratio of 7.76 and P/S ratio of 2.00. The dividend yield of Citigroup Inc. stocks is 6.4%.
Added: Whirlpool Corp. (WHR, Financial)
Richard Pzena added to his holdings in Furnishings company Whirlpool Corp. by 7.83%. His purchase prices were between $88.62 and $112.79, with an estimated average price of $97.9. The impact to his portfolio due to this purchase was 0.2%. His holdings were 8,118,293 shares as of 09/30/2007.
Whirlpool Corporation engages in the manufacture and marketing of home appliances worldwide. Its principal products include laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, room air-conditioning equipment, etc. Whirlpool Corp. has a market cap of $5.89 billion; its shares were traded at around $76.16 with P/E ratio of 10.86 and P/S ratio of 0.32. The dividend yield of Whirlpool Corp. stocks is 2.3%.
Added: Amgen Inc. (AMGN, Financial)
Richard Pzena added to his holdings in Biotechnology company Amgen Inc. by 8.87%. His purchase prices were between $50.08 and $56.93, with an estimated average price of $53.4. The impact to his portfolio due to this purchase was 0.18%. His holdings were 10,430,833 shares as of 09/30/2007.
Amgen Inc., a biotechnology company, engages in the discovery, development, manufacture, and marketing of human therapeutics based on advances in cellular and molecular biology. Amgen Inc. has a market cap of $60.35 billion; its shares were traded at around $55.49 with P/E ratio of 20.07 and P/S ratio of 4.01.
Added: Black & Decker Corp. The (BDK, Financial)
Richard Pzena added to his holdings in Durable Household Products company Black & Decker Corp. The by 58.71%. His purchase prices were between $81.94 and $94.72, with an estimated average price of $87. The impact to his portfolio due to this purchase was 0.18%. His holdings were 1,563,840 shares as of 09/30/2007.
The Black & Decker Corporation manufactures and markets power tools and accessories, hardware and home improvement products, and technology-based fastening systems worldwide. Black & Decker Corp. The has a market cap of $5.29 billion; its shares were traded at around $84.55 with P/E ratio of 13.39 and P/S ratio of 0.81. The dividend yield of Black & Decker Corp. The stocks is 2%.
Added: Bank of America Corp. (BAC)
Richard Pzena added to his holdings in Banks company Bank of America Corp. by 7.11%. His purchase prices were between $46.41 and $51.24, with an estimated average price of $49.2. The impact to his portfolio due to this purchase was 0.16%. His holdings were 12,312,208 shares as of 09/30/2007.
Bank of America Corporation, a financial holding company, provides banking and nonbanking financial services in the United States and internationally. The company's Global Consumer and Small Business Banking segment offers savings accounts, etc. Bank of America Corp. has a market cap of $196.93 billion; its shares were traded at around $44.37 with P/E ratio of 10.06 and P/S ratio of 2.99. The dividend yield of Bank of America Corp. stocks is 5.8%.
Added: Affiliated Computer Services Inc. (ACS)
Richard Pzena added to his holdings in Computer Services company Affiliated Computer Services Inc. by 10.44%. His purchase prices were between $48.49 and $58.05, with an estimated average price of $51.8. The impact to his portfolio due to this purchase was 0.16%. His holdings were 8,958,870 shares as of 09/30/2007.
Affiliated Computer Services, Inc. provides business process outsourcing (BPO) and information technology (IT) services to commercial and government clients in the United States. Affiliated Computer Services Inc. has a market cap of $4.2 billion; its shares were traded at around $41.78 with P/E ratio of 16.31 and P/S ratio of 0.72.
Added: Wisconsin Energy Corp. (WEC)
Richard Pzena added to his holdings in Electricity company Wisconsin Energy Corp. by 8.57%. His purchase prices were between $42.37 and $45.17, with an estimated average price of $43.7. The impact to his portfolio due to this purchase was 0.12%. His holdings were 8,938,022 shares as of 09/30/2007.
Wisconsin Energy Corporation, through its subsidiaries, provides electricity and natural gas services in Wisconsin and Michigan. It operates through two segments, Utility Energy and Non-Utility Energy. Wisconsin Energy Corp. has a market cap of $5.5 billion; its shares were traded at around $47.02 with P/E ratio of 17.51 and P/S ratio of 1.31. The dividend yield of Wisconsin Energy Corp. stocks is 2.1%.
Added: Morgan Stanley (MS)
Richard Pzena added to his holdings in Investment Services company Morgan Stanley by 7.29%. His purchase prices were between $59.8 and $72.97, with an estimated average price of $64.7. The impact to his portfolio due to this purchase was 0.11%. His holdings were 6,438,638 shares as of 09/30/2007.
Morgan Stanley, a financial services company, through its subsidiaries and affiliates, provides various products and services to clients and customers, including corporations, governments, financial institutions, and individuals worldwide. Morgan Stanley has a market cap of $56.14 billion; its shares were traded at around $52.9 with P/E ratio of 6.24 and P/S ratio of 1.40. The dividend yield of Morgan Stanley stocks is 2%.
Added: Sempra Energy (SRE)
Richard Pzena added to his holdings in Electricity company Sempra Energy by 6.45%. His purchase prices were between $52.82 and $59.53, with an estimated average price of $55.9. The impact to his portfolio due to this purchase was 0.11%. His holdings were 8,478,687 shares as of 09/30/2007.
Sempra Energy engages in the generation of electricity, and the distribution and transmission of natural gas in the United States, Europe, Canada, Mexico, South America, and Asia. Sempra Energy has a market cap of $15.71 billion; its shares were traded at around $60.11 with P/E ratio of 16.99 and P/S ratio of 1.33. The dividend yield of Sempra Energy stocks is 2.1%.
Added: IMS Health Inc. (RX)
Richard Pzena added to his holdings in Business Support Services company IMS Health Inc. by 44.41%. His purchase prices were between $28.24 and $32.79, with an estimated average price of $29.9. The impact to his portfolio due to this purchase was 0.08%. His holdings were 2,272,897 shares as of 09/30/2007.
IMS Health Incorporated provides information solutions to the pharmaceutical and healthcare industries worldwide. It offers sales territory reporting services for various applications, such as sales-force compensation, resource allocation, etc. IMS Health Inc. has a market cap of $4.74 billion; its shares were traded at around $24.44 with P/E ratio of 17.44 and P/S ratio of 2.19. The dividend yield of IMS Health Inc. stocks is 0.5%.
Added: JPMorgan Chase & Co. (JPM)
Richard Pzena added to his holdings in Banks company JPMorgan Chase & Co. by 20.52%. His purchase prices were between $43.17 and $49.65, with an estimated average price of $45.6. The impact to his portfolio due to this purchase was 0.07%. His holdings were 2,444,255 shares as of 09/30/2007.
JPMorgan Chase & Co., through its subsidiaries, provides a range of financial services worldwide. The company operates through six segments: Investment Bank, Retail Financial Services, Card Services, Commercial Banking, Treasury and Securities etc. JPMorgan Chase & Co. has a market cap of $144.74 billion; its shares were traded at around $43.09 with P/E ratio of 9.00 and P/S ratio of 2.28. The dividend yield of JPMorgan Chase & Co. stocks is 3.5%.
Added: Con-way Inc. (CNW)
Richard Pzena added to his holdings in Trucking company Con-way Inc. by 160.74%. His purchase prices were between $45.53 and $54.63, with an estimated average price of $48.5. The impact to his portfolio due to this purchase was 0.06%. His holdings were 501,725 shares as of 09/30/2007.
Con-Way, Inc., together with its subsidiaries, provides transportation, logistics, and supply chain management services for a range of manufacturing, industrial, and retail customers. Con-way Inc. has a market cap of $1.82 billion; its shares were traded at around $40.42 with P/E ratio of 9.92 and P/S ratio of 0.44. The dividend yield of Con-way Inc. stocks is 1%.
Added: Griffon Corp. (GFF)
Richard Pzena added to his holdings in Building Materials & Fixtures company Griffon Corp. by 80.29%. His purchase prices were between $14.33 and $22, with an estimated average price of $16.7. The impact to his portfolio due to this purchase was 0.05%. His holdings were 1,837,005 shares as of 09/30/2007.
Griffon Corporation, together with its subsidiaries, operates as a diversified manufacturing company. It operates in four segments: Garage Doors, Installation Services, Specialty Plastic Films, and Electronic Information and Communication Systems. Griffon Corp. has a market cap of $414.99 million; its shares were traded at around $13.89 with P/E ratio of 19.45 and P/S ratio of 0.27.
Added: Tech Data Corp. (TECD)
Richard Pzena added to his holdings in Business Support Services company Tech Data Corp. by 27.64%. His purchase prices were between $34.56 and $40.12, with an estimated average price of $38.1. The impact to his portfolio due to this purchase was 0.04%. His holdings were 1,081,596 shares as of 09/30/2007.
Tech Data Corporation distributes information technology products, as well as offers logistics management and other value-added services worldwide. It sells microcomputer hardware and software products, including peripherals, systems, networking equipment. Tech Data Corp. has a market cap of $2.01 billion; its shares were traded at around $36.42 with P/E ratio of 31.92 and P/S ratio of 0.09.
Added: FBL Financial Group Inc. (FFG)
Richard Pzena added to his holdings in Full Line Insurance company FBL Financial Group Inc. by 59.9%. His purchase prices were between $34.46 and $40.36, with an estimated average price of $37.9. The impact to his portfolio due to this purchase was 0.04%. His holdings were 640,125 shares as of 09/30/2007.
FBL Financial Group, Inc., through its subsidiaries, engages in underwriting, marketing, and distributing individual life insurance policies and annuity contracts in the United States. FBL Financial Group Inc. has a market cap of $1.12 billion; its shares were traded at around $37.39 with P/E ratio of 11.50 and P/S ratio of 1.15. The dividend yield of FBL Financial Group Inc. stocks is 1.3%.
Added: Global Payments Inc. (GPN)
Richard Pzena added to his holdings in Business Support Services company Global Payments Inc. by 117.07%. His purchase prices were between $35.98 and $44.2, with an estimated average price of $39.1. The impact to his portfolio due to this purchase was 0.03%. His holdings were 279,150 shares as of 09/30/2007.
Global Payments, Inc. provides payment processing and consumer money transfer services worldwide. It operates in two segments, Merchant Services and Money Transfer. Global Payments Inc. has a market cap of $3.47 billion; its shares were traded at around $44 with P/E ratio of 24.84 and P/S ratio of 3.12. The dividend yield of Global Payments Inc. stocks is 0.2%.
Added: United America Indemnity Ltd. (INDM)
Richard Pzena added to his holdings in Property & Casualty Insurance company United America Indemnity Ltd. by 30.98%. His purchase prices were between $20.38 and $25.08, with an estimated average price of $21.9. The impact to his portfolio due to this purchase was 0.03%. His holdings were 1,706,358 shares as of 09/30/2007.
United America Indemnity, Ltd., through its wholly owned subsidiaries, operates as a specialty property and casualty insurer in the United States. The company also provides third party treaty and facultative reinsurance for writers of excess, etc. United America Indemnity Ltd. has a market cap of $789.17 million; its shares were traded at around $21.08 with P/E ratio of 7.76 and P/S ratio of 1.27.
Added: Indymac Bancorp Inc. (IMB)
Richard Pzena added to his holdings in Banks company Indymac Bancorp Inc. by 84.03%. His purchase prices were between $18.74 and $29.56, with an estimated average price of $23.2. The impact to his portfolio due to this purchase was 0.03%. His holdings were 693,329 shares as of 09/30/2007.
IndyMac Bancorp, Inc. operates as the holding company for IndyMac Bank, F.S.B., a thrift/mortgage bank, which provides mortgage products and services in the United States. Indymac Bancorp Inc. has a market cap of $810.51 million; its shares were traded at around $10.07 with P/S ratio of 0.98. The dividend yield of Indymac Bancorp Inc. stocks is 9.9%.
Added: Chemical Financial Corp. (CHFC)
Richard Pzena added to his holdings in Banks company Chemical Financial Corp. by 47.62%. His purchase prices were between $21.14 and $27.37, with an estimated average price of $24.6. The impact to his portfolio due to this purchase was 0.03%. His holdings were 1,082,338 shares as of 09/30/2007.
Chemical Financial Corporation operates as the holding company for Chemical Bank that provides commercial banking products and services in the state of Michigan. Chemical Financial Corp. has a market cap of $615.09 million; its shares were traded at around $25.68 with P/E ratio of 15.65 and P/S ratio of 3.88. The dividend yield of Chemical Financial Corp. stocks is 4.4%.
Added: ExpressJet Holdings Inc. (XJT)
Richard Pzena added to his holdings in Airlines company ExpressJet Holdings Inc. by 121.2%. His purchase prices were between $3.09 and $6.27, with an estimated average price of $4.7. The impact to his portfolio due to this purchase was 0.02%. His holdings were 2,166,575 shares as of 09/30/2007.
ExpressJet Holdings, Inc., through its subsidiaries, operates as a regional airline under the name Continental Express. It offers scheduled passenger service to approximately 150 destinations in North America, Mexico, and the Caribbean. ExpressJet Holdings Inc. has a market cap of $145.61 million; its shares were traded at around $2.66 with P/S ratio of 0.09.
Added: Kookmin Bank (KB)
Richard Pzena added to his holdings in Banks company Kookmin Bank by 53.73%. His purchase prices were between $77.5 and $93.83, with an estimated average price of $83.4. The impact to his portfolio due to this purchase was 0.02%. His holdings were 147,925 shares as of 09/30/2007.
Kookmin Bank, together with its subsidiaries, provides commercial banking services to individuals, and small and medium sized enterprises in South Korea. Kookmin Bank has a market cap of $25.69 billion; its shares were traded at around $76.38 with P/E ratio of 10.27 and P/S ratio of 1.71.
Added: Stewart Information Services Corp. (STC)
Richard Pzena added to his holdings in Property & Casualty Insurance company Stewart Information Services Corp. by 21.34%. His purchase prices were between $34.27 and $40.85, with an estimated average price of $37.3. The impact to his portfolio due to this purchase was 0.01%. His holdings were 606,322 shares as of 09/30/2007.
Stewart Information Services Corporation, through its subsidiaries, provides real estate information and transaction management services in the United States, Canada, the United Kingdom, Mexico, and Australia. Stewart Information Services Corp. has a market cap of $536.72 million; its shares were traded at around $29.77 with P/E ratio of 294.75 and P/S ratio of 0.24. The dividend yield of Stewart Information Services Corp. stocks is 2.5%.
Added: Boston Scientific Corp. (BSX)
Richard Pzena added to his holdings in Medical Supplies company Boston Scientific Corp. by 46.4%. His purchase prices were between $12.52 and $15.51, with an estimated average price of $13.7. The impact to his portfolio due to this purchase was 0.01%. His holdings were 290,975 shares as of 09/30/2007.
Boston Scientific Corporation engages in the development, manufacture, and marketing of medical devices that are used in interventional medical specialties worldwide. Boston Scientific Corp. has a market cap of $18.04 billion; its shares were traded at around $12.1 with P/E ratio of 74.69 and P/S ratio of 2.26.
Added: Wachovia Corp. (WB)
Richard Pzena added to his holdings in Banks company Wachovia Corp. by 45.07%. His purchase prices were between $44.35 and $51.95, with an estimated average price of $49. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 31,625 shares as of 09/30/2007.
Wachovia Corporation operates as a bank holding company. It engages in capital management, the general bank, wealth management, and the corporate and investment bank businesses. Wachovia Corp. has a market cap of $74.4 billion; its shares were traded at around $39.14 with P/E ratio of 8.77 and P/S ratio of 2.39. The dividend yield of Wachovia Corp. stocks is 6.5%.
New Purchase: Covidien Ltd. (COV)
Richard Pzena initiated holdings in Medical Equipment company Covidien Ltd.. His purchase prices were between $38.35 and $43.83, with an estimated average price of $40.9. The impact to his portfolio due to this purchase was 0.32%. His holdings were 2,036,801 shares as of 09/30/2007.
Covidien, Ltd., through its subsidiaries, engages in the development, manufacture, and distribution of medical devices and supplies, diagnostic imaging agents, pharmaceuticals, and other healthcare products for use in clinical and home settings. Covidien Ltd. has a market cap of $19.68 billion; its shares were traded at around $39.58 with P/S ratio of 1.93. The dividend yield of Covidien Ltd. stocks is 1.6%.
New Purchase: Discover Financial Services (DFS)
Richard Pzena initiated holdings in Consumer Finance company Discover Financial Services. His purchase prices were between $20.74 and $27.08, with an estimated average price of $23.1. The impact to his portfolio due to this purchase was 0.23%. His holdings were 2,844,917 shares as of 09/30/2007.
Discover Financial Services LLC issues credit cards under the Discover Card brand name. The company offers classic, platinum, gold, titanium, and club cards. Discover Financial Services has a market cap of $8.48 billion; its shares were traded at around $17.76 with P/E ratio of 10.20 and P/S ratio of 2.08. The dividend yield of Discover Financial Services stocks is 0.3%.
New Purchase: Brady Corp. (BRC)
Richard Pzena initiated holdings in Electronic Equipment company Brady Corp.. His purchase prices were between $34.74 and $40.58, with an estimated average price of $37.2. The impact to his portfolio due to this purchase was 0.12%. His holdings were 845,000 shares as of 09/30/2007.
Brady Corporation engages in the manufacture and marketing of identification solutions and specialty products worldwide. It offers facility identification products, including informational signs and printers; warehouse identification products. Brady Corp. has a market cap of $1.88 billion; its shares were traded at around $34.67 with P/E ratio of 17.35 and P/S ratio of 1.39. The dividend yield of Brady Corp. stocks is 1.7%.
New Purchase: Argonaut Group Inc. (AGII)
Richard Pzena initiated holdings in Property & Casualty Insurance company Argonaut Group Inc.. His purchase prices were between $40.78 and $47.4, with an estimated average price of $43. The impact to his portfolio due to this purchase was 0.05%. His holdings were 294,684 shares as of 09/30/2007.
Argo Group International Holdings, Ltd., through its subsidiaries, underwrites specialty insurance and reinsurance products in the property and casualty market. Argonaut Group Inc. has a market cap of $1.26 billion; its shares were traded at around $41.14 with P/E ratio of 9.63 and P/S ratio of 1.29.
New Purchase: Jones Apparel Group Inc. (JNY)
Richard Pzena initiated holdings in Clothing & Accessories company Jones Apparel Group Inc.. His purchase prices were between $18.3 and $28.31, with an estimated average price of $21.8. The impact to his portfolio due to this purchase was 0.04%. His holdings were 460,375 shares as of 09/30/2007.
Jones Apparel Group, Inc. engages in the design, marketing, and wholesale of apparel, footwear, and accessories primarily in the United States and Canada. Jones Apparel Group Inc. has a market cap of $1.64 billion; its shares were traded at around $19.18 with P/E ratio of 15.38 and P/S ratio of 0.35. The dividend yield of Jones Apparel Group Inc. stocks is 2.9%.
New Purchase: PHARMERICA CORP (PMC)
Richard Pzena initiated holdings in Clothing & Accessories company PHARMERICA CORP. His purchase prices were between $14.92 and $17.73, with an estimated average price of $16.3. The impact to his portfolio due to this purchase was 0.03%. His holdings were 531,262 shares as of 09/30/2007.
PharMerica Corporation operates as an institutional pharmacy services provider, which provides pharmacy solutions and customer service to institutional customers and patients in long-term care settings in the United States. PHARMERICA CORP has a market cap of $469.43 million; its shares were traded at around $15.46 with P/S ratio of 0.53.
New Purchase: Merrill Lynch & Co. Inc. (MER)
Richard Pzena initiated holdings in Investment Services company Merrill Lynch & Co. Inc.. His purchase prices were between $69.68 and $85.67, with an estimated average price of $75.7. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 3,135 shares as of 09/30/2007.
Merrill Lynch & Co., Inc., together with its subsidiaries, provides broker-dealer, investment banking, financing, wealth management, advisory, asset management, insurance, lending, and related products and services worldwide. Merrill Lynch & Co. Inc. has a market cap of $48.03 billion; its shares were traded at around $56.11 with P/E ratio of 12.49 and P/S ratio of 1.70. The dividend yield of Merrill Lynch & Co. Inc. stocks is 2.5%.
New Purchase: Mitsubishi UFJ Financial Group Inc. (MTU)
Richard Pzena initiated holdings in Banks company Mitsubishi UFJ Financial Group Inc.. His purchase prices were between $8.32 and $11.23, with an estimated average price of $9.9. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 3,575 shares as of 09/30/2007.
Mitsubishi UFJ Financial Group, Inc. and its subsidiaries provide various financial services to retail and corporate customers in Japan and internationally. Mitsubishi UFJ Financial Group Inc. has a market cap of $18.00 T million; its shares were traded at around $8.38 with P/S ratio of 450.32.
Reduced: MetLife Inc. (MET)
Richard Pzena reduced to his holdings in Life Insurance company MetLife Inc. by 33.23%. His sale prices were between $58.95 and $68.94, with an estimated average price of $63.8. The impact to his portfolio due to this sale was 1.3%. Richard Pzena still held 6,476,203 shares as of 09/30/2007.
MetLife, Inc., through its subsidiaries, provides insurance and other financial services in the United States and internationally. The company operates in five segments: Institutional, Individual, Auto and Home, International, and Reinsurance. MetLife Inc. has a market cap of $47.38 billion; its shares were traded at around $63.97 with P/E ratio of 7.09 and P/S ratio of 0.92. The dividend yield of MetLife Inc. stocks is 1.2%.
Reduced: Oracle Corp. (ORCL)
Richard Pzena reduced to his holdings in Software company Oracle Corp. by 46.38%. His sale prices were between $19.35 and $21.98, with an estimated average price of $20.3. The impact to his portfolio due to this sale was 0.96%. Richard Pzena still held 17,014,699 shares as of 09/30/2007.
Oracle Corporation, an enterprise software company, engages in the development, manufacture, distribution, servicing, and marketing of database, middleware, and application software. Oracle Corp. has a market cap of $106.52 billion; its shares were traded at around $20.8 with P/E ratio of 24.56 and P/S ratio of 5.52.
Reduced: Computer Sciences Corp. (CSC)
Richard Pzena reduced to his holdings in Computer Services company Computer Sciences Corp. by 53.79%. His sale prices were between $52.79 and $61.38, with an estimated average price of $56.4. The impact to his portfolio due to this sale was 0.33%. Richard Pzena still held 2,343,886 shares as of 09/30/2007.
Computer Sciences Corporation provides information technology (IT) and professional services commercial and government markets. The company's outsourcing services include the operation of customer's technology infrastructure, etc. Computer Sciences Corp. has a market cap of $9.05 billion; its shares were traded at around $52 with P/E ratio of 26.28 and P/S ratio of 0.61.
Reduced: The Progressive Corp. (PGR)
Richard Pzena reduced to his holdings in Property & Casualty Insurance company The Progressive Corp. by 47.61%. His sale prices were between $19.07 and $21.75, with an estimated average price of $20. The impact to his portfolio due to this sale was 0.28%. Richard Pzena still held 5,691,952 shares as of 09/30/2007.
The Progressive Corporation, through its subsidiaries, provides personal and commercial automobile insurance and other specialty property-casualty insurance products and related services in the United States. The Progressive Corp. has a market cap of $12.71 billion; its shares were traded at around $18.21 with P/E ratio of 9.98 and P/S ratio of 0.90. The dividend yield of The Progressive Corp. stocks is 0.2%.
Reduced: Union Pacific Corp. (UNP)
Richard Pzena reduced to his holdings in Railroads company Union Pacific Corp. by 80.82%. His sale prices were between $105.59 and $125.47, with an estimated average price of $114.2. The impact to his portfolio due to this sale was 0.14%. Richard Pzena still held 570,626 shares as of 09/30/2007.
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, provides rail transportation services in North America. The company has approximately 32,339 route miles linking Pacific Coast and Gulf Coast ports. Union Pacific Corp. has a market cap of $33.22 billion; its shares were traded at around $126.48 with P/E ratio of 18.51 and P/S ratio of 2.04. The dividend yield of Union Pacific Corp. stocks is 1.4%.
Reduced: Sara Lee Corp. (SLE)
Richard Pzena reduced to his holdings in Food Products company Sara Lee Corp. by 66.73%. His sale prices were between $15.44 and $17.26, with an estimated average price of $16.4. The impact to his portfolio due to this sale was 0.14%. Richard Pzena still held 3,707,888 shares as of 09/30/2007.
Sara Lee Corporation engages in the manufacture and marketing of a range of branded packaged meat products, fresh and frozen bakery products, roast and ground coffee, and household and body care products worldwide. Sara Lee Corp. has a market cap of $11.45 billion; its shares were traded at around $15.81 with P/E ratio of 31.31 and P/S ratio of 0.92. The dividend yield of Sara Lee Corp. stocks is 2.7%.
Reduced: CIBER Inc. (CBR)
Richard Pzena reduced to his holdings in Computer Services company CIBER Inc. by 21.16%. His sale prices were between $7.45 and $8.35, with an estimated average price of $7.8. The impact to his portfolio due to this sale was 0.1%. Richard Pzena still held 4,111,210 shares as of 09/30/2007.
CIBER, Inc. operates as a pure-play international system integration consultancy with various value-priced services for both private and government sector clients. CIBER Inc. has a market cap of $431.31 million; its shares were traded at around $7.07 with P/E ratio of 14.98 and P/S ratio of 0.41.
Reduced: Aftermarket Technology Corp. (ATAC)
Richard Pzena reduced to his holdings in Auto Parts company Aftermarket Technology Corp. by 43.87%. His sale prices were between $26 and $32.54, with an estimated average price of $29.6. The impact to his portfolio due to this sale was 0.09%. Richard Pzena still held 1,080,542 shares as of 09/30/2007.
Aftermarket Technology Corp. and its subsidiaries provide outsourced engineering solutions and supply chain logistics services to the light and medium/heavy duty vehicle aftermarket, and consumer electronics industries in North America and Europe. Aftermarket Technology Corp. has a market cap of $631.28 million; its shares were traded at around $28.54 with P/E ratio of 15.88 and P/S ratio of 1.26.
Reduced: Exxon Mobil Corp. (XOM)
Richard Pzena reduced to his holdings in Integrated Oil & Gas company Exxon Mobil Corp. by 31.9%. His sale prices were between $81.44 and $92.2, with an estimated average price of $86.9. The impact to his portfolio due to this sale was 0.09%. Richard Pzena still held 346,300 shares as of 09/30/2007. Exxon Mobil Corp. has a market cap of $464.95 billion; its shares were traded at around $85.1 with P/E ratio of 12.31 and P/S ratio of 1.36. The dividend yield of Exxon Mobil Corp. stocks is 1.6%.
Reduced: Aon Corp. (AOC)
Richard Pzena reduced to his holdings in Full Line Insurance company Aon Corp. by 87.42%. His sale prices were between $39.98 and $44.66, with an estimated average price of $42.3. The impact to his portfolio due to this sale was 0.08%. Richard Pzena still held 886,528 shares as of 09/30/2007.
Aon Corporation, through its subsidiaries, provides insurance and risk management, consulting, and insurance underwriting solutions worldwide. The company has three segments: Risk and Insurance Brokerage Services; Consulting; and Insurance Underwritings. Aon Corp. has a market cap of $13.88 billion; its shares were traded at around $47.56 with P/E ratio of 17.42 and P/S ratio of 1.41. The dividend yield of Aon Corp. stocks is 1.3%.
Reduced: ArvinMeritor Inc. (ARM)
Richard Pzena reduced to his holdings in Auto Parts company ArvinMeritor Inc. by 47.92%. His sale prices were between $16.42 and $23.02, with an estimated average price of $18.7. The impact to his portfolio due to this sale was 0.03%. Richard Pzena still held 610,735 shares as of 09/30/2007.
ArvinMeritor, Inc. supplies a range of integrated systems, modules, and components to the motor vehicle industry worldwide. Its light vehicle systems include aperture systems, such as roof systems, door systems. ArvinMeritor Inc. has a market cap of $819.55 million; its shares were traded at around $11.34 with P/S ratio of 0.10. The dividend yield of ArvinMeritor Inc. stocks is 3.5%.
Reduced: Cabot Microelectronics Corp. (CCMP)
Richard Pzena reduced to his holdings in Specialty Chemicals company Cabot Microelectronics Corp. by 64.02%. His sale prices were between $36.5 and $43.98, with an estimated average price of $41.3. The impact to his portfolio due to this sale was 0.02%. Richard Pzena still held 212,027 shares as of 09/30/2007.
Cabot Microelectronics Corporation engages in the development, manufacture, and sale of slurries for chemical mechanical planarization process (CMP). CMP is a polishing process used by integrated circuit device manufacturers to planarize etc. Cabot Microelectronics Corp. has a market cap of $921.02 million; its shares were traded at around $38.64 with P/E ratio of 27.13 and P/S ratio of 2.70.
Reduced: Kennametal Inc. (KMT)
Richard Pzena reduced to his holdings in Diversified Industrials company Kennametal Inc. by 93.53%. His sale prices were between $73.16 and $86.5, with an estimated average price of $81.3. The impact to his portfolio due to this sale was 0.01%. Richard Pzena still held 32,819 shares as of 09/30/2007.
Kennametal, Inc. manufactures and supplies tooling, engineered components, and advanced materials consumed in production processes. The company provides consumable metalcutting tools and tooling systems to manufacturing companies of various industries. Kennametal Inc. has a market cap of $3.05 billion; its shares were traded at around $78.34 with P/E ratio of 17.26 and P/S ratio of 1.30. The dividend yield of Kennametal Inc. stocks is 1.2%.
Reduced: TempurPedic International Inc. (TPX)
Richard Pzena reduced to his holdings in Furnishings company TempurPedic International Inc. by 84.24%. His sale prices were between $27.06 and $35.75, with an estimated average price of $31. The impact to his portfolio due to this sale was 0.01%. Richard Pzena still held 139,400 shares as of 09/30/2007.
Tempur-Pedic International, Inc. engages in the manufacture, marketing, and distribution of bedding products worldwide. Its products include pillows, mattresses, and adjustable beds, as well as various cushions and other comfort products. TempurPedic International Inc. has a market cap of $2.42 billion; its shares were traded at around $32.18 with P/E ratio of 20.32 and P/S ratio of 2.27. The dividend yield of TempurPedic International Inc. stocks is 1%.
Reduced: AutoZone Inc. (AZO)
Richard Pzena reduced to his holdings in Specialty Retailers company AutoZone Inc. by 97.5%. His sale prices were between $109.9 and $139.92, with an estimated average price of $122.2. The impact to his portfolio due to this sale was 0.01%. Richard Pzena still held 14,700 shares as of 09/30/2007.
AutoZone, Inc. operates as a specialty retailer and distributor of automotive replacement parts and accessories. Its stores offer various products primarily to do-it-yourself customers for use in cars, sport utility vehicles, vans, and light trucks. AutoZone Inc. has a market cap of $7.25 billion; its shares were traded at around $111.64 with P/E ratio of 13.09 and P/S ratio of 1.20.
Reduced: CBS Corp. (CBS)
Richard Pzena reduced to his holdings in Media company CBS Corp. by 83.84%. His sale prices were between $30.01 and $34.45, with an estimated average price of $31.9. The impact to his portfolio due to this sale was less than 0.01%. Richard Pzena still held 14,837 shares as of 09/30/2007.
CBS Corporation operates as a mass media company in the United States and internationally. It operates in four segments: Television, Radio, Outdoor, and Publishing. CBS Corp. has a market cap of $18.62 billion; its shares were traded at around $27.18 with P/E ratio of 15.66 and P/S ratio of 1.31. The dividend yield of CBS Corp. stocks is 3.7%.
Reduced: AMR Corp. (AMR)
Richard Pzena reduced to his holdings in Airlines company AMR Corp. by 80.41%. His sale prices were between $22.29 and $28.49, with an estimated average price of $24.7. The impact to his portfolio due to this sale was less than 0.01%. Richard Pzena still held 10,000 shares as of 09/30/2007.
AMR Corporation (AMR), through its subsidiaries, operates as a scheduled passenger airline in the United States. The company, through its principal subsidiary, American Airlines, Inc., provides scheduled jet service to approximately 150 destinations. AMR Corp. has a market cap of $5.6 billion; its shares were traded at around $22.47 with P/E ratio of 10.72 and P/S ratio of 0.25.
Sold Out: Circuit City Stores Inc. (CC)
Richard Pzena sold out his holdings in Specialty Retailers company Circuit City Stores Inc.. His sale prices were between $7.91 and $15.09, with an estimated average price of $11.3. The impact to his portfolio due to this sale was less than 0.01%.
Circuit City Stores, Inc. operates as a specialty retailer of consumer electronics, home office products, entertainment software, and related services. Circuit City Stores Inc. has a market cap of $1.04 billion; its shares were traded at around $6.15 with P/S ratio of 0.09. The dividend yield of Circuit City Stores Inc. stocks is 2.6%.
Sold Out: FMC Corp. (FMC)
Richard Pzena sold out his holdings in Specialty Chemicals company FMC Corp.. His sale prices were between $42.38 and $52.02, with an estimated average price of $45.7. The impact to his portfolio due to this sale was less than 0.01%.
FMC Corporation, a chemical company, provides solutions, applications, and products to various end markets worldwide. The company operates through three segments: Agricultural Products, Specialty Chemicals, and Industrial Chemicals. FMC Corp. has a market cap of $3.94 billion; its shares were traded at around $52.12 with P/E ratio of 38.90 and P/S ratio of 1.55. The dividend yield of FMC Corp. stocks is 0.8%.
Sold Out: PharmaNet Development Group Inc. (PDGI)
Richard Pzena sold out his holdings in Business Support Services company PharmaNet Development Group Inc.. His sale prices were between $26.91 and $32.66, with an estimated average price of $29. The impact to his portfolio due to this sale was less than 0.01%.
PharmaNet Development Group, Inc., a drug development services company, provides clinical drug development services to pharmaceutical, biotechnology, generic drug, and medical device companies worldwide. PharmaNet Development Group Inc. has a market cap of $710.03 million; its shares were traded at around $37.56 with P/S ratio of 1.57.
Sold Out: Employers Holdings Inc. (EIG)
Richard Pzena sold out his holdings in Property & Casualty Insurance company Employers Holdings Inc.. His sale prices were between $16.77 and $20.61, with an estimated average price of $19.1. The impact to his portfolio due to this sale was less than 0.01%.
Employers Holdings, Inc. and its subsidiaries operate in the commercial property and casualty insurance industry. It provides workers' compensation insurance focusing on small businesses engaged in low to medium hazard industries. Employers Holdings Inc. has a market cap of $919.83 million; its shares were traded at around $17.72 with P/E ratio of 4.98 and P/S ratio of 1.88. The dividend yield of Employers Holdings Inc. stocks is 1.4%.
Sold Out: Tredegar Corp. (TG)
Richard Pzena sold out his holdings in Aluminum company Tredegar Corp.. His sale prices were between $16.55 and $21.77, with an estimated average price of $18.4. The impact to his portfolio due to this sale was less than 0.01%.
Tredegar Corporation, through its subsidiaries, manufactures plastic films and aluminum extrusions primarily for personal and household care products, and packaging and surface protection applications in the United States and Canada. Tredegar Corp. has a market cap of $513.44 million; its shares were traded at around $13.69 with P/E ratio of 41.61 and P/S ratio of 0.45. The dividend yield of Tredegar Corp. stocks is 1.2%.
Sold Out: The CocaCola Company (KO)
Richard Pzena sold out his holdings in Soft Drinks company The CocaCola Company. His sale prices were between $51.96 and $57.47, with an estimated average price of $54.1. The impact to his portfolio due to this sale was less than 0.01%. The CocaCola Company has a market cap of $144.71 billion; its shares were traded at around $62.62 with P/E ratio of 26.78 and P/S ratio of 5.21. The dividend yield of The CocaCola Company stocks is 2.2%.
Sold Out: CVS Caremark Corp. (CVS)
Richard Pzena sold out his holdings in Drug Retailers company CVS Caremark Corp.. His sale prices were between $35.09 and $39.57, with an estimated average price of $37. The impact to his portfolio due to this sale was less than 0.01%. CVS Caremark Corp. has a market cap of $62.34 billion; its shares were traded at around $42.21 with P/E ratio of 22.95 and P/S ratio of 0.93. The dividend yield of CVS Caremark Corp. stocks is 0.6%.
Sold Out: ITC Holdings Corp. (ITC)
Richard Pzena sold out his holdings in Electricity company ITC Holdings Corp.. His sale prices were between $40.66 and $50.01, with an estimated average price of $44.9. The impact to his portfolio due to this sale was less than 0.01%.
ITC Holdings Corp., through its subsidiaries, engages in the transmission of electricity in the United States. The company operates primarily as a conduit, moving power from generators to local distribution systems. ITC Holdings Corp. has a market cap of $2.41 billion; its shares were traded at around $56.28 with P/E ratio of 39.77 and P/S ratio of 6.16. The dividend yield of ITC Holdings Corp. stocks is 2.1%.
Sold Out: Charles River Laboratories International (CRL)
Richard Pzena sold out his holdings in Biotechnology company Charles River Laboratories International. His sale prices were between $50.56 and $56.15, with an estimated average price of $53. The impact to his portfolio due to this sale was less than 0.01%.
Charles River Laboratories International, Inc., together with its subsidiaries, provides solutions that advance the drug discovery and development process, including research models and associated services. Charles River Laboratories International has a market cap of $4.17 billion; its shares were traded at around $61.45 with P/E ratio of 27.35 and P/S ratio of 3.49.
Sold Out: Advanced Micro Devices Inc. (AMD)
Richard Pzena sold out his holdings in Semiconductors company Advanced Micro Devices Inc.. His sale prices were between $11.89 and $15.5, with an estimated average price of $13.4. The impact to his portfolio due to this sale was less than 0.01%.
Advanced Micro Devices, Inc., a semiconductor company, provides processing solutions for the computing, graphics, and consumer electronics markets in the United States, Europe, and Asia. Advanced Micro Devices Inc. has a market cap of $7.01 billion; its shares were traded at around $12.64 with P/S ratio of 1.17.
Sold Out: Petroleo Brasileiro S.A.Petrobras (PBR)
Richard Pzena sold out his holdings in Exploration & Production company Petroleo Brasileiro S.A.Petrobras. His sale prices were between $54.08 and $75.5, with an estimated average price of $65. The impact to his portfolio due to this sale was less than 0.01%.
Petroleo Brasileiro S.A.桺etrobras, together with its subsidiaries, engages in the exploration, exploitation, and production of oil from reservoir wells, shale, and other rocks in Brazil. Petroleo Brasileiro S.A.Petrobras has a market cap of $232.02 billion; its shares were traded at around $105.77 with P/E ratio of 18.73 and P/S ratio of 2.30. The dividend yield of Petroleo Brasileiro S.A.Petrobras stocks is 0.3%.
Sold Out: American Express Company (AXP)
Richard Pzena sold out his holdings in Consumer Finance company American Express Company. His sale prices were between $57.35 and $64.35, with an estimated average price of $59.8. The impact to his portfolio due to this sale was less than 0.01%. American Express Company has a market cap of $68.61 billion; its shares were traded at around $58.67 with P/E ratio of 17.27 and P/S ratio of 2.29. The dividend yield of American Express Company stocks is 1%.
Sold Out: United Microelectronics Corp. (UMC)
Richard Pzena sold out his holdings in Semiconductors company United Microelectronics Corp.. His sale prices were between $3.03 and $3.59, with an estimated average price of $3.3. The impact to his portfolio due to this sale was less than 0.01%.
United Microelectronics Corporation operates as a semiconductor foundry in Taiwan. It manufactures integrated circuits for fabless design companies, integrated device manufacturers, and system companies operating in various industries. United Microelectronics Corp. has a market cap of $8.59 billion; its shares were traded at around $3.46 with P/E ratio of 13.31 and P/S ratio of 2.53. The dividend yield of United Microelectronics Corp. stocks is 5.6%.
