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Sally Jones
Sally Jones
Articles (580) 

Chris Davis’ Major Reductions

November 20, 2013 | About:

Guru Chris Davis of Davis Selected Advisers is averaging a 12-month return of 32.92%. As of the third quarter of 2013, his portfolio lists 181 stocks, 17 of them new, a total value at $38.52 billion, with a quarter-over-quarter turnover of 3%. The portfolio is weighted with top three sectors: financial services at 39.2%, consumer defensive 12.1% and technology at 1 2%.

In the third quarter, Chris Davis cut his Walt Disney Co. holding by a little more than half. Walt Disney Co. reported financial results for the fourth quarter of fiscal 2013, ended Sept. 28, 2013, with revenue of $11.56 billion, marking a 7% increase over the same quarter a year ago. Quarterly net income was up 12% at $1.39 billion. Earnings of $0.77 per diluted share reflect an increase of 13% over the same quarter a year ago at $0.68.

Here’s the scoop on Disney and three more major reductions made by Guru Chris Davis.

Walt Disney Co. (NYSE:DIS): Reduced

Impacts Portfolio: -1.08%

Current Shares: 6,309,985

Up 42% over 12 months, Walt Disney Co. has a market cap of $123.89 billion; its shares were traded at around $69.35 with a P/E ratio of 20.40. The dividend yield is 1.09%.

Guru Action: As of Sept. 30, 2013, Chris Davis reduced his position by 51.23%, selling 6,628,314 shares at an average price of $64.10, for a gain of 8.2%.

Overall, Davis has averaged an 81% gain on 23,910,720 shares bought at an average price of $38.22 per share. He gained 20% on 17,600,735 shares sold at an average price of $57.62 per share.

Check out more gurus trading and insiders selling.

Track historical share pricing, revenue and net income:

1384980192440.png

Monsanto Company (NYSE:MON): Reduced

Impacts Portfolio: -0.82%

Current Shares: 3,068,430

Up 23% over 12 months, Monsanto Company has a market cap of $57.58 billion; its shares were traded at around $109.51 with a P/E ratio of 23.90. The dividend yield is 1.41%.

Guru Action: As of Sept. 30, 2013, Chris Davis reduced his position by 51.37%, selling 3,241,045 shares at an average price of $100.47, for a gain of 9%.

Over a five-year trading history, Davis averaged a 63% gain on 12,114,531 shares bought at an average price of $67.23 per share. He gained 10% on 9,066,101 shares sold at an average price of $99.12 per share.

Check out more third quarter trading by gurus and selling by insiders.

Track historical share pricing, revenue and net income:

1384980941803.png

Potash Corporation of Saskatchewan Inc. (NYSE:POT): Reduced

Impacts Portfolio: -0.57%

Current Shares: 369,465

Up 16% over 12 months, Potash Corporation of Saskatchewan Inc. has a market cap of $27.64 billion; its shares were traded at around $32.03 with a P/E ratio of 14.30. The dividend yield is 3.70%.

Guru Action: As of Sept. 30, 2013, Chris Davis reduced his position by 94.1%, selling 5,893,836 shares at an average price of $33.15, for a loss of 3.4%.

Overall, Davis averaged a loss of 17% on 9,635,464 shares bought at an average price of $38.38 per share. Davis also had a loss of 11% on 9,265,999 shares sold at an average price of $36.05 per share.

Check out recent trading by gurus and insiders.

Track historical share pricing, revenue and net income:

1384981269852.png

Transocean Ltd. (NYSE:RIG): Reduced

Impacts Portfolio: -0.47%

Current Shares: 234,997

Up 18% over 12 months, Transocean Ltd. has a market cap of $19.42 billion; its shares were traded at around $53.86 with a P/E ratio of 12.20. The dividend yield is 2.08.

Guru Action: As of Sept. 30, 2013, Chris Davis reduced his position by 94.26%, selling 3,862,281 shares at an average price of $47.29, gaining 14.1%.

Overall, Davis averaged a loss of 19% buying 7,165,314 shares at an average price of $66.73 per share. He gained 10% on 6,930,317 shares sold at an average price of $49.21 per share.

Check out more gurus trading in the third quarter. No insider trading was found.

Track historical share pricing, revenue and net income:

1384981667772.png

Here is the complete portfolio of Guru Chris Davis.



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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: 2.5/5 (4 votes)

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