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Sally Jones
Sally Jones
Articles (580) 

Dodge & Cox Impact Sells and Company Earnings Update

November 15, 2013 | About:

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. (NYSE:S) 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. (NYSE: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:

1384469388115.png



Xerox Corporation (NYSE:XRX): 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:

1384469782675.png

Adobe Systems Inc. (NASDAQ:ADBE): 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:

1384470308074.png



Real-Time Trade: Amdocs Ltd. (NASDAQ:DOX)

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.

1384470796512.png

Here is the complete portfolio of Dodge & Cox.



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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: 2.7/5 (3 votes)

Comments

todoin2007
Todoin2007 - 2 years ago
I don't believe D&C actively reduced their stake in Sprint. What they did was tender their shares in the Softbank merger, as did 97% of other shareholders. The fact that they didn't sell their remaining 26% stake is a positive sign. You are making the same mistake the WSJ made. I would expect a bit more diligence from professional analysts/journalists.

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