The third quarter portfolio of Dodge & Cox lists 164 stocks and a total value of $88.03 billion with a quarter-over-quarter turnover of 3%. The firm bought three new stocks in the third quarter. The average return of Dodge & Cox over 12 months is 27.77%.
The recent trading of Sprint Corp. (S, Financial) is very active, with a third quarter report that its wireless revenue of $7.3 billion has increased year-over-year for the thirteenth consecutive year. Sprint is one of the recent high-impact reductions made by Dodge & Cox in the third quarter.
Sprint Corp. (S): Reduced
Impacts Portfolio: -1.54%
Current Shares: 66, 353, 287
Up 28% over 12 months, Sprint Corp. has a market cap of $27.96 billion; its shares trade with a P/B ratio of 5.70. The company does not pay a dividend.
Company earnings: The company reported its third quarter 2013 financial results with a net income of $383 million, and an operating loss of $398 million. Year-over-year, adjusted EBITDA was up 5% at $1.34 billion.
Guru Action: As of Sept. 30, 2013, Dodge & Cox reduced its position by 73.5%, selling shares at an average price of $6.47 per share.
The current share price is around $7.11, with a change from average up 10%.
Check out a very active third quarter for guru investors and recent insider buying.
Track historical pricing, revenue and net income:
Xerox Corporation (XRX, Financial): Reduced
Impacts Portfolio: -0.67%
Current Shares: 49,775,279
Up 76% over 12 months, Xerox Corporation has a market cap of $13.58 billion; its shares trade with a P/E ratio of 12.00. The dividend yield is 2.00%.
Company Earnings: The company reported third quarter financial results with revenue of $5.3 billion, flat against the same quarter of 2012. Earnings of $0.22 per share (GAAP) were reported for the third quarter. Xerox had an operating margin of 9.4%, up 0.5 points over the same quarter last year.
Guru Action: As of Sept. 30, 2013, Dodge & Cox reduced its XRX position by 55.74%, selling shares in the average price range of $9.98 per share.
The current share price is around $11.03, with a change from average up 10%.
Check out the active gurus and major insider selling.
Track historical pricing, revenue and net income:
Adobe Systems Inc. (ADBE, Financial): Reduced
Impacts Portfolio: -0.31%
Current Shares: 16,845,904
Up 75% over 12 months, Adobe Systems Inc. has a market cap of $28.58 billion; its shares trade with a P/E ratio of 64.90. The company does not pay a dividend.
Company Earnings: The company reported financial results for its third quarter of fiscal year 2013, ending Aug. 30, 2013, with revenue of $995.1 million. Last year’s third quarter revenue was $1,080,580. Earnings per diluted share of $0.16 (GAAP) were reported for the third fiscal quarter. Adobe acquired Neolane adding around $6 million to third quarter revenue.
Guru Action: As of Sept. 30, 2013, Dodge & Cox reduced its position by 25.96%, selling shares in the average price range of $47.67 per share.
The current share price is around $57.17, with a change from average up 20%.
Check out a very active third quarter for guru investors and recent insider selling.
Track historical pricing, revenue and net income:
Real-Time Trade: Amdocs Ltd. (DOX, Financial)
Impact to Portfolio: -0.71%
Current Shares: 1,482,138
Up 27% over 12 months, Amdocs Ltd. has a market cap of $6.54 billion; its shares trade with a P/E ratio of 15.70. The dividend yield is 1.30%.
Company earnings: Amdocs Ltd reported financial results for its fourth quarter of fiscal 2013, with revenue of $845 million. The company had an operating income of $123 million (GAAP). Earnings of $0.54 per diluted share (GAAP) were reported, along with free cash flow of $205 million for the reporting quarter.
Amdocs Ltd. completed its acquisition of Actix on September 19, 2013, and signed an agreement to acquire Celcite Management Solutions LLC for approximately $129 million in cash.
Guru Action: As of Nov. 12, 2013, Dodge & Cox reduced its DOX position by 90.95%, selling in the average price range of $40.04.
The current share price is around $40.62 with a change from average up 1%.
Check out a very active third quarter for guru investors and recent insider selling.
Here is the complete portfolio of Dodge & Cox.
Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.
GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
If you are not a Premium Member, we invite you for a 7-day Free Trial.
The recent trading of Sprint Corp. (S, Financial) is very active, with a third quarter report that its wireless revenue of $7.3 billion has increased year-over-year for the thirteenth consecutive year. Sprint is one of the recent high-impact reductions made by Dodge & Cox in the third quarter.
Sprint Corp. (S): Reduced
Impacts Portfolio: -1.54%
Current Shares: 66, 353, 287
Up 28% over 12 months, Sprint Corp. has a market cap of $27.96 billion; its shares trade with a P/B ratio of 5.70. The company does not pay a dividend.
Company earnings: The company reported its third quarter 2013 financial results with a net income of $383 million, and an operating loss of $398 million. Year-over-year, adjusted EBITDA was up 5% at $1.34 billion.
Guru Action: As of Sept. 30, 2013, Dodge & Cox reduced its position by 73.5%, selling shares at an average price of $6.47 per share.
The current share price is around $7.11, with a change from average up 10%.
Check out a very active third quarter for guru investors and recent insider buying.
Track historical pricing, revenue and net income:
Xerox Corporation (XRX, Financial): Reduced
Impacts Portfolio: -0.67%
Current Shares: 49,775,279
Up 76% over 12 months, Xerox Corporation has a market cap of $13.58 billion; its shares trade with a P/E ratio of 12.00. The dividend yield is 2.00%.
Company Earnings: The company reported third quarter financial results with revenue of $5.3 billion, flat against the same quarter of 2012. Earnings of $0.22 per share (GAAP) were reported for the third quarter. Xerox had an operating margin of 9.4%, up 0.5 points over the same quarter last year.
Guru Action: As of Sept. 30, 2013, Dodge & Cox reduced its XRX position by 55.74%, selling shares in the average price range of $9.98 per share.
The current share price is around $11.03, with a change from average up 10%.
Check out the active gurus and major insider selling.
Track historical pricing, revenue and net income:
Adobe Systems Inc. (ADBE, Financial): Reduced
Impacts Portfolio: -0.31%
Current Shares: 16,845,904
Up 75% over 12 months, Adobe Systems Inc. has a market cap of $28.58 billion; its shares trade with a P/E ratio of 64.90. The company does not pay a dividend.
Company Earnings: The company reported financial results for its third quarter of fiscal year 2013, ending Aug. 30, 2013, with revenue of $995.1 million. Last year’s third quarter revenue was $1,080,580. Earnings per diluted share of $0.16 (GAAP) were reported for the third fiscal quarter. Adobe acquired Neolane adding around $6 million to third quarter revenue.
Guru Action: As of Sept. 30, 2013, Dodge & Cox reduced its position by 25.96%, selling shares in the average price range of $47.67 per share.
The current share price is around $57.17, with a change from average up 20%.
Check out a very active third quarter for guru investors and recent insider selling.
Track historical pricing, revenue and net income:
Real-Time Trade: Amdocs Ltd. (DOX, Financial)
Impact to Portfolio: -0.71%
Current Shares: 1,482,138
Up 27% over 12 months, Amdocs Ltd. has a market cap of $6.54 billion; its shares trade with a P/E ratio of 15.70. The dividend yield is 1.30%.
Company earnings: Amdocs Ltd reported financial results for its fourth quarter of fiscal 2013, with revenue of $845 million. The company had an operating income of $123 million (GAAP). Earnings of $0.54 per diluted share (GAAP) were reported, along with free cash flow of $205 million for the reporting quarter.
Amdocs Ltd. completed its acquisition of Actix on September 19, 2013, and signed an agreement to acquire Celcite Management Solutions LLC for approximately $129 million in cash.
Guru Action: As of Nov. 12, 2013, Dodge & Cox reduced its DOX position by 90.95%, selling in the average price range of $40.04.
The current share price is around $40.62 with a change from average up 1%.
Check out a very active third quarter for guru investors and recent insider selling.
Here is the complete portfolio of Dodge & Cox.
Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.
GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
If you are not a Premium Member, we invite you for a 7-day Free Trial.
