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Nike, Facebook, Disney and More Reduced by Manning & Napier in Third Quarter

October 22, 2013 | About:
Sally Jones

Sally Jones

49 followers
Nike, Facebook and Disney are three brands that have grown into the fabric of contemporary culture. In the third quarter of 2013, Manning & Napier Advisors Inc. reduced these three holdings among many others. Read about the firm’s third quarter sells.

Manning & Napier Advisors Inc. currently lists 33 new stocks and a total of 330 stocks in its portfolio with a total value of $21.26 billion. The firm’s quarter-over-quarter turnover is 13%. Here are the trade details of three reductions made by the firm as of Sept. 30, 2013.

Nike Inc. (NKE): Reduced

Portfolio Impact: -0.04%

Remaining Shares: 76,330

Up 64% over 12 months, Nike Inc. has a market cap of $67.57 billion; its shares were traded at around $75.96 with a P/E of 25.60. The dividend yield is 1.10%.

Incorporated in 1968, Nike Inc. designs, develops and markets high quality footwear, apparel, equipment, and accessory products. Nike sells athletic footwear and athletic apparel worldwide, in over 190 countries. Virtually all of the company’s products are manufactured by independent contractors.

Guru Action: As of Sept. 30, 2013, Manning & Napier Advisors Inc. reduced its position by 60.66%, unloading 117,680 shares at an average price of $65.30, gaining 16.3%.

In four quarters, Manning & Napier gained 58% on 260,410 shares bought at an average price of $48.19 per share. The firm gained 21% on 184,080 shares sold at an average price of $62.80 per share.

As of Sept. 30, 2013, three gurus reduced their NKE positions.

Track historical pricing, revenue and net income:

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Check out numerous gurus holding NKE and active insider trading.

Walt Disney Co. (DIS): Reduced

Portfolio Impact: -0.24%

Remaining Shares: 5,351,186

Up 36% over 12 months, Walt Disney Company has a market cap of $123.3 billion; its shares were traded at around $69.02 with a P/E of 21.10. The dividend yield is 1.10%.

Walt Disney Company is a worldwide entertainment company with operations in five business segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive Media.

Guru Action: As of Sept. 30, 2013, of Manning & Napier Advisors Inc. reduced its position by 11.85%, unloading 719,496 shares at an average price of $64.10, for a gain of 7.7%.

Across a five-year trading history, Manning & Napier gained 139% on 23,761,947 shares bought at an average price of $28.83 per share. The firmed also gained 70% on 18,410,761 shares bought at an average price of $40.66 per share.

Track historical pricing, revenue and net income:

1382474437604.png

Facebook Inc. (FB): Reduced

Portfolio Impact: -0.14%

Remaining Shares: 1,477,900

Up 171% over 12 months, Facebook Inc. has a market cap of $128.68 billion; its shares were traded at around $52.68 with a P/E of 246.90 and a P/B of 10.50.

Incorporated in 2004, Facebook Inc. is a social networking website that builds products that creates utility for users, developers, and advertisers. The company enables people who use the Facebook Platform to stay connected with their friends and family. The company enables marketers to engage with more than one billion monthly active users on Facebook or user subsets, based on information such as age, location, gender or interests.

Guru Action: As of Sept. 30, 2013, of Manning & Napier Advisors Inc. reduced its position by 42.29%, unloading 1,083,070 shares at an average price of $37.21, gaining 42%.

In four quarters, Manning & Napier gained 113% on 3,296,060 shares at an average price of $24.75 per share. The firm also gained 57% on 1,818,160 shares sold at an average price of $33.67 per share.

Track historical pricing, revenue and net income:

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Manning & Napier’s portfolio is weighted with its top three sectors: consumer cyclical at 17.3%, energy at 11.1%, and industrials at 9.7%. The hedge fund has averaged a return of 11.36% over 12 months.

Check out the complete portfolio of Manning & Napier Advisors Inc.



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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: 2.6/5 (5 votes)

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