The T. Rowe Price Equity Income Fund sold 59 existing stakes from its portfolio in the fourth quarter, and several are well-known companies.
The Fund sold its 11,933,700-share stake in Corning Inc. (GLW, Financial), a Corning, New York-based glass and ceramic materials company, for an average price of $18.15 per share. The divestiture had a -0.91% impact on the Fund’s portfolio.
Corning has a P/E of 10.9, a forward P/E of 9.6, a P/B of 1.1 and a P/S of 2.5. GuruFocus gives Corning a Financial Strength rating of 6/10 and a Profitability and Growth rating of 8/10.
Dodge & Cox is Corning’s leading shareholder among the gurus with 47,702,466 shares in its portfolio. The stake is 4.03% of Corning’s outstanding shares and 0.82% of Dodge & Cox’s total assets.
Corning sold for $16.69 per share Wednesday.
The Fund sold its 6,018,898-share stake in Cablevision Systems Corp. (CVC, Financial), a cable television company serving the New York City area, for an average price of $31.62 per share. The transaction had a -0.87% impact on the Fund’s portfolio.
Ken Fisher (Trades, Portfolio) reduced his stake in Cablevision by nearly 94% in the fourth quarter.
Cablevision Systems has a P/E of 43.4, a forward P/E of 25.0 and a P/S of 1.3. GuruFocus gives Cablevision Systems a Financial Strength rating of 6/10 and a Profitability and Growth rating of 6/10.
Mario Gabelli (Trades, Portfolio) is Cablevision’s leading shareholder among the gurus with 9,940,696 shares in his portfolio. The stake is 3.59% of Cablevision’s outstanding shares and 2.12% of Gabelli’s total assets.
Cablevision sold for $31.34 per share Wednesday.
The Fund sold its 1,675,900-share stake in Clorox Co. (CLX, Financial), an Oakland, California-based manufacturer of household products, for an average price of $124.26 per share. The deal had a -0.86% impact on the Fund’s portfolio.
The Yacktman Fund (Trades, Portfolio) cut its stake in half, and Fisher increased his stake by nearly 2% in the fourth quarter.
Clorox has a P/E of 24.9, a forward P/E of 24.6, a P/B of 137.3 and a P/S of 2.9. GuruFocus gives Clorox a Financial Strength rating of 9/10 and a Profitability and Growth rating of 8/10.
Jim Simons (Trades, Portfolio) is Clorox’s leading shareholder among the gurus with 1,828,900 shares in his portfolio. The stake is 1.42% of Clorox’s outstanding shares and 0.5% of Simons’ total assets.
Clorox sold for $125.33 per share Wednesday.
The Fund sold its 4,680,000-share stake in SunTrust Banks Inc. (STI, Financial), an Atlanta-based banking company, for an average price of $42.17 per share. The divestiture had a -0.8% impact on the Fund’s portfolio.
SunTrust has a P/E of 10.3, a forward P/E of 9.7, a P/B of 0.8 and a P/S of 2.3. GuruFocus gives SunTrust a Financial Strength rating of 6/10 and a Profitability and Growth rating of 5/10.
HOTCHKIS & WILEY is SunTrust’s leading shareholder among the gurus with 6,931,097 shares in its portfolio. The stake is 1.36% of SunTrust’s outstanding shares and 1.06% of HOTCHKIS & WILEY’s total assets.
SunTrust sold for $36.59 per share Wednesday.
The Fund sold its 1,550,000-share stake in Honeywell International Inc. (HON, Financial), a Morris Plains, New Jersey-based conglomerate, for an average price of $102.18 per share. The deal had a -0.65% impact on the Fund’s portfolio.
Fisher raised his stake in Honeywell by more than 2% in the fourth quarter.
Honeywell has a P/E of 16.8, a forward P/E of 13.4, a P/B of 4.2 and a P/S of 2.0. GuruFocus gives Honeywell a Financial Strength rating of 6/10 and a Profitability and Growth rating of 8/10.
James Barrow (Trades, Portfolio) is Honeywell’s leading shareholder among the gurus with 12,743,371 shares in his portfolio. The stake is 1.65% of Honeywell’s outstanding shares and 1.86% of Barrow’s total assets.
Honeywell sold for $96.4 per share Wednesday.
The Fund sold its 1,550,000-share stake in Campbell Soup Co. (CPB, Financial), a Camden, New Jersey-based food processing company, for an average price of $51.23 per share. The transaction had a -0.56% impact on the Fund’s portfolio.
Campbell has a P/E of 25.9, a forward P/E of 18.7, a P/B of 11.7 and a P/S of 2.1. GuruFocus gives Campbell a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10.
Pioneer Investments (Trades, Portfolio) is Campbell’s leading shareholder among the gurus with 2,028,949 shares in its portfolio. The stake is 0.65% of Campbell’s outstanding shares and 0.43% of Pioneer Investments (Trades, Portfolio)’ total assets.
Campbell sold for $54.06 per share Wednesday.
The Fund sold its 3,724,800-share stake in USG Corp. (USG, Financial), a Chicago-based building products company, for an average price of $24.58 per share. The transaction had a -0.44% impact on the Fund’s portfolio.
USG has a P/E of 20.4, a forward P/E of 7.4, a P/B of 4.7 and a P/S of 0.6. GuruFocus gives USG a Financial Strength rating of 5/10 and a Profitability and Growth rating of 3/10.
Warren Buffett (Trades, Portfolio) is USG’s leading shareholder among the gurus with 39,002,016 shares in his portfolio. The stake is 26.78% of USG’s outstanding shares and 0.81% of Buffett’s total assets.
USG sold for $17.63 per share Wednesday.
The Fund sold its 5,910,000-share stake in Newmont Mining Corp. (NEM, Financial), a Greenwood Village, Colorado-based metals and mining company, for an average price of $18.42 per share. The deal had a -0.42% impact on the Fund’s portfolio.
Fisher sold his 12,501-share stake in Newmont in the fourth quarter.
Newmont has a P/E of 17.3, a forward P/E of 15.2, a P/B of 0.8 and a P/S of 1.1. GuruFocus gives Newmont a Financial Strength rating of 4/10 and a Profitability and Growth rating of 5/10.
First Eagle Investment (Trades, Portfolio) is Newmont’s leading shareholder among the gurus with 1,658,306 shares in its portfolio. The stake is 0.31% of Newmont’s outstanding shares and 0.07% of First Eagle Investment (Trades, Portfolio)’s total assets.
Newmont sold for $16.58 per share Wednesday.
The Fund sold its 2,869,400-share stake in BP PLC (BP, Financial), a London-based oil and gas company, for an average price of $33.85 per share. The transaction had a -0.39% impact on the Fund’s portfolio.
Fisher raised his stake in BP by nearly 1% in the fourth quarter.
BP has a forward P/E of 10.5, a P/B of 0.9 and a P/S of 0.4. GuruFocus gives BP a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.
Barrow is BP’s leading shareholder among the gurus with 25,024,267 shares in his portfolio. The stake is 0.82% of BP’s outstanding shares and 1.18% of Barrow’s total assets.
BP sold for $28.4 per share Wednesday.
The Fund sold its 3,299,600-share stake in Masco Corp. (MAS, Financial), a Taylor, Michigan-based home improvement and construction products company, for an average price of $28.51 per share. The deal had a -0.37% impact on the Fund’s portfolio.
Masco has a P/E of 21.8, a forward P/E of 13.9 and a P/S of 1.0. GuruFocus gives Masco a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10.
First Eagle Investment (Trades, Portfolio) is Masco’s leading shareholder among the gurus with 3,981,950 shares in its portfolio. The stake is 1.18% of Masco’s outstanding shares and 0.25% of First Eagle Investment (Trades, Portfolio)’s total assets.
Masco sold for $24.25 per share Wednesday.
The Fund sold its 2,000,000-share stake in Flowserve Corp. (FLS, Financial), an Irving, Texas-based machinery company, for an average price of $44.2 per share. The transaction had a -0.37% impact on the Fund’s portfolio.
Flowserve has a P/E of 13.6, a forward P/E of 10.2, a P/B of 2.7 and a P/S of 1.0. GuruFocus gives Flowserve a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10.
First Eagle Investment (Trades, Portfolio) is Flowserve’s leading shareholder among the gurus with 8,514,844 shares in its portfolio. The stake is 6.51% of Flowserve’s outstanding shares and 0.88% of First Eagle Investment (Trades, Portfolio)’s total assets.
Flowserve sold for $35.49 per share Wednesday.
The Fund sold its 1,355,200-share stake in Computer Sciences Corp. (CSC, Financial), a Falls Church, Virginia-based IT services and consulting company, for an average price of $35.72 per share. The deal had a -0.37% impact on the Fund’s portfolio.
Computer Sciences has a P/E of 180.6, a forward P/E of 8.2, a P/B of 1.3 and a P/S of 0.4. GuruFocus gives Computer Sciences a Financial Strength rating of 7/10 and a Profitability and Growth rating of 4/10.
Jana Partners (Trades, Portfolio) is Computer Sciences’ leading shareholder among the gurus with 7,332,386 shares in its portfolio. The stake is 5.28% of Computer Sciences’ outstanding shares and 5.07% of Jana Partners (Trades, Portfolio)’ total assets.
Computer Sciences sold for $29.25 per share Wednesday.
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