GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Brian Rogers' Top 3 Increases and Decreases of Q2

Monica Wolfe

Monica Wolfe

119 followers
Brian Rogers of the T. Rowe Price Equity Income Fund recently released his second quarter portfolio updates which report that he has one new holding, 15 increases, 26 reductions and two stocks that he sold out of. Brian Rogers has been the portfolio manager of T. Rowe Price Equity Income Fund since its inception in 1985. Rogers looks for common stocks of established firms that are expected to pay above-average dividends.



The following companies represent the Guru’s top three increases and top three reductions for the second quarter.

Increases

Joy Global (JOY)

Rogers made his largest increase of the second quarter in the company Joy Global. Rogers increased his position 233.33% by adding a total of 1,750,000 shares to his holdings. He purchased these shares at an average price of $55.05 per share. Since his buy, the price per share has dropped approximately -4.9%.

The guru now holds on to a total of 2.5 million shares of Joy Global, representing 2.35% of the company’s shares outstanding and 0.48% of his total portfolio.

Brian Rogers’ holding history of JOY:



Joy Global is a manufacturer and servicer of mining equipment for the extraction of coal and other minerals and ores. The Company equipment is used in major mining regions throughout the world to mine coal, copper, iron ore, oil sands and other minerals.

Joy Global’s historical price, revenue and net income:

[url=http: www.gurufocus.com=]1374079503467.png

The Peter Lynch Chart shows that Joy Global is undervalued:

1374079638991.png[/url]

The GuruFocus analysis on Joy Global highlights that the company has shown predictable revenue and earnings growth as well as an expansion in its operating margin. Joy Global has issued $824.065 million of debt over the past three years but overall, its debt level is acceptable.

Joy Global has a market cap of $5.49 billion; its shares are currently being traded at around $52.26 with its P/B ratio at a 10-year low of 1.90, a P/E ratio of 7.60 and its P/S ratio at a 3-year low of 0.95. The company’s dividend yield is at a 3-year high of 1.30%, and Joy has had an annual average earnings growth of 31.1% over the past ten years. GuruFocus rated the company the
business predictability rank of 3.5-star.

There are eleven gurus that maintain holdings in Joy Global. Click here to see their holding histories.

Hospira (HSP)

Rogers upped his position in Hospira in the second quarter by 135.3%. The guru purchased a total of 1,581,300 shares valued at $33.81 per share. Since his most recent increase the price per share has jumped 16.5%.

Rogers now owns a total of 2.75 million shares of Hospira, representing 1.66% of the company’s shares outstanding and 0.42% of his total portfolio.

Rogers’ holding history of Hospira:



Hospira is a global provider of injectable drugs and infusion technologies. Its portfolio includes generic acute-care and oncology injectables, as well as integrated infusion therapy and medication management products.

Hospira’s historical price, revenue and net income:

[url=http: www.gurufocus.com=]1374080514617.png

Hospira is set to release their second quarter results on July 31.

The company also recently unveiled their global device strategy which establishes a streamlined and modernized device portfolio to address customer needs and position the company for future innovation and growth, while supporting continued advancement of device remediation, including device quality improvement efforts.

The analysis on Hospira reports:

· The revenue has been in decline over the past year.

· The price is near a 1-year high of $38.98.

· The P/E ratio is at a 10-year high.

· The P/S ratio is at a 1-year high.

Hospira has a market cap of $6.61 billion; its shares are currently being traded at around $39.60 with a P/E ratio of 146.70, a P/S ratio of 1.60 and a P/B ratio of 2.20.

There are12 gurus[/url] that maintain holdings in Hospira. Click here to see their holding histories.

Petroleo Brasileiro SA Petrobas (PBR)

Rogers’ third largest increase of the second quarter came from the Brazilian oil company Petroleo Brasileiro. Rogers upped his position 128.57% by adding a total of 4,500,000 shares to his portfolio. The guru purchased these shares at an average price of $17.04 per share. Since his buy, the price per share has continued its downward slope and has dropped an additional -18% from his average purchase price.

Rogers now holds a total of 8 million shares of Petroleo Brasileiro, representing 0.12% of the company’s shares outstanding and 0.43% of his total portfolio.

Rogers’ holding history of PBR:



Petroleo Brasileiro S.A. was formed to conduct the Brazilian government’s hydrocarbon activities. The company is now an integrated oil and gas company in Brazil and in Latin America who is the supplier of crude oil and oil products.

Petroleo Brasileiro’s historical price, revenue and net income:

[url=http: www.gurufocus.com=]1374081009799.png

The Peter Lynch Chart shows that Petroleo is currently undervalued:

1374081045547.png[/url]

Today, shares of Petrobas have jumped over 4% on the news that it had obtained a $0.15 billion loan from the Japan Bank for International Cooperation.

The analysis on the company notes that the revenue has been in decline for the past five years and that the company has issued $4.09 billion of debt over the past three years. The analysis also reports that the company’s dividend yield is at a 1-year high and that its P/B ratio is at a 10-year low.

Petrobas Brasileiro has a market cap of $91.11 billion; its shares are currently being traded at around $14.00 with a P/E ratio of 9.60, a P/S ratio of 0.60 and a P/B ratio of 0.20. The company had an annual average earnings growth of 9.8% over the past ten years.

There are
14 gurus that hold positions in Petrobas Brasileiro. Click here to see these gurus’ holding histories.

Reductions

Thermo Fisher Scientific (TMO)

During the second quarter, Brian Rogers reduced his position in Thermo Fisher Scientific by 88.89%. The guru sold a total of 4 million shares of the company’s stock valued at an average price of $83.24 per share. Since his sell, the price has increased approximately 5.3%.

After his most recent sell, Rogers is left with 500,000 shares of Thermo Fisher, representing 0.14% of the company’s shares outstanding and 0.17% of his total portfolio.

Rogers’ holding history of TMO:



Thermo Fisher Scientific provides analytical instruments, equipment, reagents and consumables, software and services for research, manufacturing, analysis, discovery and diagnostics. The company's continuing operations fall into three business segments: Analytical Technologies, Specialty Diagnostics, and Laboratory Products and Services

Thermo Fisher’s historical price, revenue and net income:

[url=http: www.gurufocus.com=]1374082263608.png

The Peter Lynch Chart shows that Thermo Fisher is currently overvalued:

1374082333271.png[/url]

The company releases their second quarter results on July 24.

The company declared a quarterly cash dividend of $0.15 per share on July 12. The dividend will be paid on Oct. 15 to shareholders of record as of Sept. 16.

Thermo Fisher Scientific has shown predictable revenue and earnings growth as well as expansion in its operating margin. The company’s price is sitting near a 10-year high of $88.30 while its P/S ratio is nearing a 5-year high of 2.68. Over the past three years Thermo Fisher has issued approximately $5.5 billion of debt.

Thermo Fisher has a market cap of $31.74. Its shares are currently being traded at around $87.76 with a P/E ratio of 24.20, a P/S ratio of 2.50 and a P/B ratio of 2.00. The company had an annual average earnings growth of 18.1% over the past ten years. GuruFocus rated Thermo Fisher the
business predictability rank of 3.5-star.

There are currently 20 gurus that hold a position in TMO. Click here to see their holding histories.

Hewlett-Packard (HPQ)

Rogers made his second largest decrease in holdings on the company Hewlett-Packard. Rogers decreased his position -77.39% during the second quarter by selling a total of 4.2 million shares of HP stock. These shares sold for an average price of $22.48 per share. Since his sell, the price per share of HP has gone up 16.1%.

Rogers still holds on to 1,226,800 shares of Hewlett-Packard, representing 0.06% of the company’s shares outstanding and 0.12% of his total portfolio.

Brian Rogers’ holding history of Hewlett-Packard:



Hewlett-Packard, also known as HP, is a global provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses and large enterprises, including customers in the government, health and education sectors.

HP’s historical price, revenue and net income:

[url=http: www.gurufocus.com=]1374082950762.png

The company’s second quarter results released May 22 reported:

· Non-GAAP diluted EPS of $0.87, down 11% from the prior year.

· GAAP diluted EPS of $0.55, down 31% from the prior year.

· Second quarter net revenue of $27.6 billion, down 10% from the previous year.

· Cash flow from operations of $3.6 billion, up 44% from the prior year.

The company has returned $1.1 billion in cash to shareholder in the form of dividends and share repurchases as of the close of the second quarter.

The analysis on HP reports:

· Revenue has been in decline over the past year.

· The price and P/S ratio are at 1-year highs.

· The P/E ratio is at a 10-year low.

· The company has issued approximately $9.1 billion of debt over the past three years.

Hewlett-Packard Company has a market cap of $50.59 billion; its shares are currently being traded at around $26.30 with a P/E ratio of 5.50, a P/S ratio of 0.40 and a P/B ratio of 2.20.

There are28 gurus[/url] that hold a stake in HP. Click here to see their holding histories.

Whirlpool Corporation (WHR)

Brian Rogers also made a noticeable decrease in his holdings on Whirlpool; Rogers has been consistently decreasing his position in the company since the fourth quarter of 2012. During the most recent quarter, Rogers cut his holdings on Whirlpool -55.65% by selling a total of 250,000 shares. Rogers sold these shares at an average price of $121.27 per share. Since his sell, the price per share has decreased approximately -0.5%.

Rogers still holds on to 200,000 shares of Whirlpool, representing 0.25% of the company’s shares outstanding and a very small 0.091% of his total portfolio.

Rogers’ holding history of Whirlpool:



Whirlpool is a manufacturer and marketer of home appliances. Its portfolio of brands includes Whirlpool, Maytag, KitchenAid, Brastemp and Consul. Whirlpool Corporation's products are manufactured in 12 countries and sold worldwide.

Whirlpool’s historical price, revenue and net income:

[url=http: www.gurufocus.com=]1374088124093.png

The Peter Lynch Chart shows that Whirlpool is currently overvalued:

1374088163093.png[/url]

Whirlpool’s second quarter financial results will be reported this Friday, July 19.

The analysis on Whirlpool reports that the company’s revenue has been in decline over the past five years, but despite the decline, the operating margin is expanding.

Whirlpool has a market cap of $9.85 billion. Its shares are currently being traded at around $120.67 with a P/E ratio of 17.20, a P/S ratio of 0.50 and a P/B ratio of 2.10. The company had an annual average earnings growth of 4.3% over the past five years.

There are currently
12 gurus that hold a position in Whirlpool. Click here to see their holding histories.

Click here to see Brian Rogerscurrent portfolio.

If you haven’t tried the GuruFocus Premium Membership click here to try a free 7-day trial.

="http:>="http:>="http:>="http:>="http:>="http:>

Rating: 4.0/5 (3 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
Email Hide