Brian Rogers recently stepped down as the portfolio manager of the T. Rowe Price Equity Income Fund, and John Linehan now heads the fund. T. Rowe increased several stakes during the fourth quarter and the following are the most heavily weighted buys.
The fund increased the stake by 11.84% in Microsoft Corp. (MSFT) with an impact of 0.72% on the portfolio. The current stake is 2.31% of the investor’s total assets and 0.12% of the company’s outstanding shares.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with strong returns of ROE 14.28% and ROA 7.05% that are over performing 70% of the companies in the Global Software - Infrastructure industry. Financial strength has a rating of 8 out of 10, with a cash-to-debt of 2.58 that is below the industry median of 7.12.
Microsoft generates revenue by developing, manufacturing, licensing, and supporting software products and services for different types of computing devices. During the first quarter of 2016, Microsoft announced a 16% increase in its quarterly dividend and returned $6.9 billion to shareholders in the form of share repurchases and dividends.
The company’s largest shareholder among the gurus is Jeff Ubben (Trades, Portfolio) with 0.94% of outstanding shares, followed by Dodge & Cox with 0.94%, PRIMECAP Management (Trades, Portfolio) with 0.75%, First Eagle Investment (Trades, Portfolio) with 0.42%, James Barrow (Trades, Portfolio) with 0.32%, Steve Mandel (Trades, Portfolio) with 0.32% and Jeremy Grantham (Trades, Portfolio) with 0.3%.
The fund increased the stake by 571.04% in Edison International (EIX) with an impact of 0.6% on the portfolio.Â
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with returns of ROE 13.64% and ROA 3.23% that are over performing 53% of the companies in the Global Utilities - Regulated Electric industry. Financial strength has a rating of 7 out of 10, with a cash-to-debt of 0.01 that is far below the industry median of 0.25.
It is a holding company whose main operating subsidiaries are Southern California Edison Company, Edison Mission Group Inc, the holding company of Edison International's nonutility power generation and financial services segments.Ă‚
T Rowe Price Equity Income Fund (Trades, Portfolio) is the largest shareholder of the company among the gurus with 0.82% of outstanding shares, followed by Richard Pzena (Trades, Portfolio) with 0.49%, Pioneer Investments (Trades, Portfolio) with 0.13%, Jim Simons (Trades, Portfolio) with 0.03 and Ruane Cunniff (Trades, Portfolio) with 0.01%.
The guru increased his stake by 153.51% in The AES Corporation (AES) with an impact of 0.5% on the portfolio. The current stake is 0.83% of the investor’s total assets and 2.87% of the company’s outstanding shares.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with strong ROE of 14.83 that is over performing and weak ROA 1.56% that is underperforming in the Global Utilities - Diversified industry. Financial strength has a rating of 7 out of 10, with a cash-to-debt of 0.09 that is far below the industry median of 0.25.
The company is a power generation and utility company. The largest shareholder among the gurus is T Rowe Price Equity Income Fund (Trades, Portfolio) with 2.87% of outstanding shares, followed by Mario Gabelli (Trades, Portfolio) with 0.08%, Ray Dalio (Trades, Portfolio) with 0.04% and Paul Tudor Jones (Trades, Portfolio) with 0.02%.
The fund increased the stake by 169.67% in Twenty-First Century Fox Inc. (FOXA) with an impact of 0.43% on the portfolio. The current stake is 0.69% of the investor’s total assets and 0.29% of the company’s outstanding shares.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with strong returns of ROE 45.88% and ROA 15.46% that are over performing 93% of the companies in the Global Media - Diversified industry. Financial strength has a rating of 7 out of 10, with a cash-to-debt of 0.31 that is far below the industry median of 1.06.
The company is a media and entertainment company with operations in cable network programming, television and filmed entertainment.
Dodge & Cox is the largest shareholder among the gurus with 2.37% of outstanding shares, followed by Donald Yacktman (Trades, Portfolio) with 2.06%, Yacktman Fund (Trades, Portfolio) with 1%, Yacktman Focused Fund (Trades, Portfolio) with 0.63, Manning & Napier Advisors, Inc with 0.6% and Warren Buffett (Trades, Portfolio) with 0.45%.
The guru increased his stake by 89.02% in Bank of New York Mellon Corp. (BK) with an impact of 0.42% on the portfolio.Ă‚
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with strong ROE of 6.84 that is outperforming the Global Asset Management industry.Ă‚
The global investments company provides investment management services. Third quarter EPS was up 16% year-over-year on an adjusted basis and total revenue was up 1% on an adjusted basis.
The company’s largest shareholder among the gurus is Dodge & Cox with 5.26% of outstanding shares, followed by Chris Davis (Trades, Portfolio) with 2.34%, First Eagle Investment (Trades, Portfolio) with 2.16%, Warren Buffett (Trades, Portfolio) with 1.84%, Andreas Halvorsen (Trades, Portfolio) with 0.94%, Donald Yacktman (Trades, Portfolio) with 0.6% and Bill Nygren (Trades, Portfolio) with 0.59%.
The fund increased the stake by 20.81% in Exxon Mobil Corporation (XOM) with an impact of 0.41% on the portfolio. The current stake is 2.38% of the investor’s total assets and 0.16% of the company’s outstanding shares.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with strong returns of ROE 11.46% and ROA 5.75% that are over performing 77% of the companies in the Global Oil & Gas Integrated industry. Financial strength has a rating of 8 out of 10, with a cash-to-debt of 0.13 that is far below the industry median of 0.37.
The company's main business is energy, involving exploration for, and production of, crude oil and natural gas.
T Rowe Price Equity Income Fund (Trades, Portfolio) is the largest shareholder of the company among the gurus with 0.16% of outstanding shares, followed by Richard Pzena (Trades, Portfolio) with 0.15%, Donald Yacktman (Trades, Portfolio) with 0.14%, Ken Fisher (Trades, Portfolio) with 0.13, Yacktman Fund (Trades, Portfolio) with 0.06% and Yacktman Focused Fund (Trades, Portfolio) with 0.03%.
T. Rowe also increased the stake by 24.73% in Boeing Co. (BA) with an impact of 0.41% on the portfolio. The current stake is 2.05% of the investor’s total assets and 0.47% of the company’s outstanding shares.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with strong returns of ROE 63.72% and ROA 5.77% that are over performing 78% of the companies in the Global Aerospace & Defense industry. Financial strength has a rating of 8 out of 10, with a cash-to-debt of 1.09 that is above the industry median of 0.37.
Boeing designs, develops, manufactures, sells and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems and services. During the third quarter, core EPS (non-GAAP) grew 18% on strong operating performance and revenue increased 9%.
The company’s largest shareholder among the gurus is T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.47% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 0.3%, HOTCHKIS & WILEY with 0.26%, Ken Fisher (Trades, Portfolio) with 0.03% and Joel Greenblatt (Trades, Portfolio) with 0.03%.
The fund increased the stake by 33.34% in MetLife Inc. (MET) with an impact of 0.41% on the portfolio. The current stake is 1.65% of the investor’s total assets and 0.68% of the company’s outstanding shares.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with weak returns of ROE 8.21% and ROA 0.66% that are underperforming 59% of the companies in the Global Insurance - Life industry. Financial strength has a rating of 7 out of 10, with a cash-to-debt of 0.51 that is far below the industry median of 4.16.
The company is a provider of insurance, annuities and employee benefit programs throughout the U.S., Japan, Latin America, Asia, Europe and the Middle East.
Dodge & Cox is the largest shareholder of the company among the gurus with 2.53% of outstanding shares, followed by T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.68%, Richard Pzena (Trades, Portfolio) with 0.54%, Diamond Hill Capital (Trades, Portfolio) with 0.39, Richard Snow (Trades, Portfolio) with 0.16% and NWQ Managers (Trades, Portfolio) with 0.15%.
The fund increased the stake by 44.54% in PG&E Corp. (PCG) with an impact of 0.41% on the portfolio. The current stake is 0.96% of the investor’s total assets and 0.82% of the company’s outstanding shares.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with weak returns of ROE 5.46% and ROA 1.46% that are underperforming 72% of the companies in the Global Utilities - Regulated Electric industry. Financial strength has a rating of 6 out of 10, with a cash-to-debt of 0.01 that is far below the industry median of 0.25.
The company is a holding company that conducts its business through Pacific Gas and Electric Company, a public utility operating in northern and central California. The company provides electricity and natural gas to its customers.
The company’s largest shareholder among the gurus is T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.82% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 0.09% and Richard Pzena (Trades, Portfolio) with 0.05%.
