10-year

10-Year Anniversary Promotion (20% off)

Join GuruFocus Premium Membership Now for Only $279/Year

Once a decade discount

Save up to $500 on Global Membership.

Don't Miss It !

Free 7-day Trial
All Articles and Columns »

Update on First Eagle - Top Six Holdings

Sally Jones

Sally Jones

49 followers
The names Jean-Marie Eveillard and First Eagle Funds have been used interchangeably for years. Here is an update on Guru Eveillard and the top six holdings of First Eagle Investment Management, LLC.

After managing the First Eagle Funds for 30 years, world-renowned value investor Guru Jean-Marie Eveillard is now First Eagle Investment Management’s Senior Vice President, and he also serves as First Eagle Funds’ Senior Adviser and as a member of the Board of Trustees.

As of March 31, 2013, the company has approximately $79 billion under management. The updated portfolio shows 352 stocks with a total value of $2.9 billion and a quarter-over-quarter turnover of 10%. First Eagle also lists 51 new stocks. Here are the firm's top six holdings:

No. 1: Comcast Corp. (CMCSK)

Portfolio Weighting: 3.1% - Shares Owned 23,814,008

Up 33% over 12 months, Comcast Corp. has a market cap of $102.18 billion; its shares were traded at around $38.91 with a P/E ratio of 17.3 and P/S ratio of 1.7. The dividend yield of Comcast stock is 1.8%. Comcast Corp. had an annual average earnings growth of 22.6% over the past 10 years. GuruFocus rated Comcast Corp. the business predictability rank of 4-star.

Serving over 51 million customers in 39 states and Washington, D.C., Comcast Corporation (CMCSK) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is the nation’s largest video, high-speed Internet and phone provider to residential customers under the XFINITY brand as well as to businesses. NBCUniversal operates 30 news and entertainment cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks & Resorts.

First Eagle’s holding history:



No. 2: Cisco Systems Inc. (CSCO)

Portfolio Weighting: 2.9% - Shares Owned 42,112,414

Up 5% over 12 months, Cisco Systems Inc. has a market cap of $107.11 billion; its shares were traded at around $20.4 with a P/E ratio of 11.7 and P/S ratio of 2.3. The dividend yield of Cisco Systems Inc. stocks is 2.5%. Cisco Systems Inc. had an annual average earnings growth of 9.2% over the past 10 years. GuruFocus rated Cisco Systems Inc. the business predictability rank of 3-star.

Cisco’s two main products are switches and routers used to manage computer network traffic; however, Cisco creates products for every aspect of the networking industry, from security to storage to application switching. Addressing the latest trends like cloud computing and big data that require huge processing and storage capacity, Cisco just announced its new and improved data storage system that claims higher performance, scalability and reliability.

First Eagle’s holding history:



No. 3: Sysco Corporation (SYY)

Portfolio Weighting: 2.8% - Shares Owned 24,256,992

Up 20% over 12 months, the foodservice company Sysco Corporation (SYY) has a market cap of $20.18 billion; its shares were traded at around $34.71 with a P/E ratio of 18.9 and P/S ratio of 0.5. The dividend yield of Sysco Corporation stocks is 3.1%. Sysco Corporation had an annual average earnings growth of 5.6% over the past 10 years. GuruFocus rated Sysco Corporation the business predictability rank of 3.5-star.

Sysco Corporation (SYY) is the North American distributor of food products to the foodservice industry and companies that serve food-away-from-home. Sysco services approximately 400,000 customers, including restaurants, healthcare and educational facilities and lodging establishments.

First Eagle’s holding history:



No. 4: Microsoft Corporation (MSFT)

Portfolio Weighting: 2.6% - Shares Owned 27,687,571

Down 2% over 12 months, Microsoft Corporation has a market cap of $266.474 billion; its shares were traded at around $31.76 with a P/E ratio of 16.5 and P/S ratio of 3.4. The dividend yield of Microsoft Corporation stocks is 2.8%. Microsoft Corporation had an annual average earnings growth of 13.9% over the past 10 years. GuruFocus rated Microsoft Corporation the business predictability rank of 4.5-star.

Founded in 1975, Microsoft operates its business in five segments: Windows & Windows Live Division, Server and Tools, Online Services Division, Microsoft Business Division, and Entertainment and Devices Division.

First Eagle’s holding history:



No. 5: Grupo Televisa, S.A. (TV)

Portfolio Weighting: 2.5% - Shares Owned 28,075,591

Up 28% over 12 months, the Spanish language broadcasting company, Grupo Televisa, S.A. has a market cap of $14.6 billion; its shares were traded at around $25.74 with a P/E ratio of 0.2. The dividend yield of Grupo Televisa, S.A. stocks is 0.4%. Grupo Televisa, S.A. had an annual average earnings growth of 91.8% over the past 10 years.

Grupo Televisa is a major participant in the international entertainment business, operating broadcast channels in Mexico with network coverage through affiliated stations throughout the country. Grupo Televisa produces pay television channels with national and international feeds, reaching subscribers throughout Latin America, the United States, Canada, Europe and Asia Pacific. The company also distributes content in the U.S. through Univision; its Sky segment includes direct-to-home broadcast satellite pay television services in Mexico. Grupo also publishes Spanish-language magazines in Mexico, the United States and Latin America.

First Eagle’s holding history:



No. 6: Cintas Corporation (CTAS)

Portfolio Weighting: 2.5% - Shares Owned 16,830,664

Up 14% over 12 months, the uniform maker, Cintas Corporation has a market cap of $5.47 billion; its shares were traded at around $44.88 with a P/E ratio of 18.3 and P/S ratio of 1.3. The dividend yield of Cintas Corporation stocks is 1.4%. Cintas Corporation had an annual average earnings growth of 3% over the past 10 years.

Cintas results for its third quarter ended February 28, 2013 shows revenue at $1.08 billion, representing a 6.3% increase compared to last year’s third quarter.

Cintas Corporation CEO, Scott D. Farmer, stated, “We are pleased to report record quarterly revenue led by very strong Uniform Direct Sales performance. We are also encouraged to see organic growth rates improve in each of our operating segments, reflecting the great execution by our dedicated team of employees, who we call partners.”

With products and services designed to improve the customer image and provide safety, Cintas Corporation sells to over 900,000 businesses in North America, as well as Latin America, Europe and Asia. The company helps customers by creating a cleaner, safer and better image and workplace atmosphere. Cintas offers first aid, safety, fire protection and other services to its customer base.

First Eagle’s holding history:



Dubbed as “one of Wall Street’s best,” Jean-Marie Eveillard is among the most respected value investors in the world. He was the Morningstar's International Manager of the Year in 2001, and he also received a Lifetime Achievement Award from Morningstar in 2003 for “building one of the most successful long-term records in the investment business.”



Here is the complete portfolio of Jean-Marie Eveillard.

Also check out:

1. Jean-Marie Eveillard's Undervalued Stocks

2. Jean-Marie Eveillard's Top Growth Companies

3. Jean-Marie Eveillard's High Yield stocks

4. Stocks that Jean-Marie Eveillard keeps buying

Check out the GuruFocus special feature 52-week low screener. This special feature helps you find the stocks hitting new lows but are still held by top investor Gurus and Insiders.

If billionaire Gurus own these stocks and are still increasing their positions, it means that they believe the stocks are undervalued. Researching these stocks may help you find deep valued stocks.




About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 2.3/5 (6 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK