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Robert Olstein Decreases 37 Companies - MSFT, CSCO, HAR, THO

November 13, 2013 | About:
Sally Jones

Sally Jones

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The changes in the third quarter portfolio of the Olstein All-Cap Value Fund, managed by Guru Robert Olstein, include 37 reductions and sells combined, including high-impact decreases of his positions in Microsoft Corporation (MSFT), Thor Industries Inc. (THO), Cisco Systems Inc. (CSCO) and Harman International Industries Inc. (HAR).

Robert Olstein updated portfolio lists 123 stocks, 8 of them new, and a total value at $652 million. The quarter-over-quarter turnover is 10%. Olstein’s portfolio is weighted with consumer cyclical at 22.7%, industrials at 22.7 and technology at 17.4%. He is averaging a return of 20.13% over 12 months.

Here’s a look at Olstein’s highest-impact third quarter reductions, starting with Microsoft Corporation, recently reporting a 16% increase in revenue over the same quarter a year ago, with revenue of $18.53 billion for the quarter ended September 30, 2013. The company had quarterly net income of $5.24 billion and diluted earnings of $0.62 per share.

Microsoft Corporation (MSFT): Reduced

Impacts Portfolio: -0.74%

Current Shares: 140,000

Up 38% over 12 months, Microsoft Corporation has a market cap of $309.71 billion; its shares trade with a P/E ratio of 13.90. The dividend yield is 2.50%.

Guru Action: As of Sept. 30, 2013, Robert Olstein reduced his MSFT position by 49.64%, selling 138,000 shares at an average price of $32.90 per share, gaining 12.8%.

The current share price is around $37.10, with a change from average up 13%.

Across a five-year history, Robert Olstein averaged a gain of 55% buying 458,400 shares at an average price of $23.93 per share. Selling, he averaged a gain of 47% on 1,291,700 shares at an average price of $25.26 per share.

Check out the third quarter trading of MSFT and recent insider selling.

Track historical pricing, revenue and net income:



Thor Industries Inc. (THO): Reduced

Impacts Portfolio: -0.64%

Current Shares: 60,000

Up 26% over 12 months, Thor Industries Inc., a recreational vehicle company, has a market cap of $2.81 billion; its shares trade with a P/E ratio of 18.40. The dividend yield is 1.50%.

Guru Action: As of Sept. 30, 2013, Robert Olstein reduced his position by 57.81%, selling 82,200 shares at an average price of $53.04 per share, losing 0.6%.

The current share price is around $51.80, with a change from average down 2%.

Across five quarters, Robert Olstein averaged a gain of 36% buying 143,200 shares at an average price of $38.85 per share. Selling, he averaged a loss of 0% on 83,200 shares at an average price of $52.90 per share.

Check out other active gurus in the third quarter of 2013 and recent insider trading.

Track historical pricing, revenue and net income:



Cisco Systems Inc. (CSCO): Reduced

Impacts Portfolio: -0.62%

Current Shares: 245,000

Up 35% over 12 months, Cisco Systems Inc. has a market cap of $128.2 billion; its shares trade with a P/E ratio of 12.90. The dividend yield is 2.70%.

Guru Action: As of Sept. 30, 2013, Robert Olstein reduced his position by 39.05%, selling 157,000 shares at an average price of $24.82 per share, taking a loss of 3.7%.

The current share price is around $23.82, with a change from average down 4%.

Across a five-year history of mostly gaining quarters, Robert Olstein averaged a gain of 20% buying 581,300 shares at an average price of $19.88 per share. Selling, he averaged a gain of 25% on 1,547,100 shares at an average price of $19.07 per share.

Check out loads of gurus trading CSCO in the third quarter of 2013, and recent insider selling.

Track historical pricing, revenue and net income:



Harman International Industries Inc. (HAR): Reduced

Impacts Portfolio: -0.58%

Current Shares: 129,000

Up 114% over 12 months, Harman International Industries Inc., a consumer electronics company, has a market cap of $5.5 billion; its shares trade with a P/E ratio of 39.70. The dividend yield is 1.10%.

Guru Action: As of Sept. 30, 2013, Robert Olstein reduced his HAR position by 33.85%, selling 66,000 shares at an average price of $62.45 per share, gaining 30.2%.

The current share price is around $79.76, with a change from average up 28%.

Across a five-year history, Robert Olstein averaged a gain of 136% buying 495,800 shares at an average price of $34.47 per share. He averaged a 74% gain on 366,800 shares sold at an average price of $46.63 per share.

Check out three gurus reducing their HAR positions in the third quarter of 2013, and recent insider selling.

Track historical pricing, revenue and net income:



Check out the complete portfolio update of Robert Olstein.

As of Nov. 13, 2013, The Olstein All Cap Value Fund (OFALX) shows C shares with NAV up $0.04 at $18.17 and a POP of $18.17. The Olstein Strategic Opportunities Fund (OFSAX) lists A shares with NAV up $0.07 at $17.58, and a POP at $18.60.





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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: 3.0/5 (2 votes)

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