James Barrow (Trades, Portfolio), executive director of investment firm Barrow, Hanley, Mewhinney & Strauss and the lead portfolio manager for the Vanguard Windsor II and Selected Value Funds, reduced 140 stakes in his portfolio in the fourth quarter. Most – but not all – of the reductions were modest.
Following are his largest reductions of the quarter.
The guru scaled down his stake in Walmart Stores (WMT, Financial), a Bentonville, Arkansas-based retailer, by almost 72%. Barrow sold 12,044,813 shares for an average price of $60.14 per share. The transaction had a -1.2% impact on Barrow’s portfolio.
The reduction left Barrow with a stake of 4,771,345 shares.
Warren Buffett (Trades, Portfolio) is Walmart’s leading shareholder among the gurus with 56,185,293 shares in his portfolio. Buffett’s stake is 1.75% of Walmart’s outstanding shares and 2.86% of the guru’s total assets.
Walmart has a P/E of 14.2, a forward P/E of 16, a P/B of 2.7 and a P/S of 0.4. GuruFocus gives Walmart a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
Walmart sold for $66.42 per share Thursday.
Barrow trimmed his stake in Delphi Automotive PLC (DLPH, Financial), a British automotive parts company, by nearly 55%. Barrow sold 5,067,958 shares for an average price of $83.84 per share. The deal had a -0.59% impact on Barrow’s portfolio.
Barrow’s stake, now 4,196,513 shares, is the largest among the gurus. The stake is 1.5% of Delphi’s outstanding shares and 0.54% of Barrow’s total assets.
Delphi has a P/E of 11.1, a forward P/E of 8.9, a P/B of 7.5 and a P/S of 1.1. GuruFocus gives Delphi a Financial Strength rating of 6/10 and a Profitability and Growth rating of 6/10.
Delphi sold for $62.23 per share Thursday.
Barrow cut his stake in General Dynamics Corp. (GD, Financial), a West Falls Church, Virginia-based aerospace and defense company that was founded in 1899, by more than 18%. Barrow sold 1,607,829 shares for an average price of $143 per share. The transaction had a -0.34% impact on Barrow’s portfolio.
Barrow’s stake is now 7,150,463 shares. He is General Dynamics’ leading shareholder among the gurus with a stake that is 2.26% of General Dynamics’ outstanding shares and 1.46% of his total assets.
General Dynamics has a P/E of 15.3, a forward P/E of 13.2, a P/B of 4 and a P/S of 1.4. GuruFocus gives General Dynamics a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
General Dynamics sold for $135.35 per share Thursday.
The guru chopped his stake in Total System Services Inc. (TSS, Financial), a Columbus, Georgia-based financial services company, by more than 39%. Barrow sold 2,437,412 shares for an average price of $52.3 per share. The deal had a -0.17% impact on Barrow’s portfolio.
The sale left Barrow with a stake of 3,749,368 shares, the largest among the gurus. The stake is 2.04% of Total System’s outstanding shares and 0.28% of Barrow’s total assets.
Total System has a P/E of 20.5, a forward P/E of 14.8, a P/B of 3.9 and a P/S of 2.7. GuruFocus gives Total System a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.
Total System sold for $39.73 per share Thursday.
Barrow clipped his stake in Stanley Black & Decker Inc. (SWK, Financial), a New Britain, Connecticut-based maker of tools and household hardware, by almost 12%. Barrow sold 908,861 shares for an average price of $105.62 per share. The transaction had a -0.14% impact on Barrow’s portfolio.
Barrow’s remaining stake of 6,724,259 shares is the largest among the gurus. It is 4.49% of Stanley Black & Decker’s outstanding shares and 1.07% of Barrow’s total assets.
Stanley Black & Decker has a P/E of 19.3, a forward P/E of 14, a P/B of 2.6 and a P/S of 1.3. GuruFocus gives Stanley Black & Decker a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
Stanley Black & Decker sold for $96.11 per share Thursday.
The guru trimmed his stake in Marathon Petroleum Corp. (MPC, Financial), a Findlay, Ohio-based oil and gas company, by more than 17%. Barrow sold 1,929,429 shares for an average price of $52.49 per share. The deal had a -0.14% impact on Barrow’s portfolio.
Barrow’s stake, now 9,139,911 shares, is the largest among the gurus. The stake is 1.71% of Marathon Petroleum’s outstanding shares and 0.71% of Barrow’s total assets.
Marathon Petroleum has a P/E of 5.5, a forward P/E of 6.6, a P/B of 1.6 and a P/S of 0.3. GuruFocus gives Marathon Petroleum a Financial Strength rating of 8/10 and a Profitability and Growth rating of 6/10.
Marathon Petroleum sold for $34.94 per share Thursday.
The guru pared his stake in Microsoft Corp. (MSFT, Financial), a Redmond, Washington-based consumer electronics company, by more than 6%. Barrow sold 1,956,192 shares for an average price of $52.81 per share. The transaction had a -0.13% impact on Barrow’s portfolio.
Barrow’s remaining stake of 31,195,685 shares is 0.39% of Microsoft’s outstanding shares and 2.12% of Barrow’s total assets.
Microsoft’s largest shareholder among the gurus is Jeff Ubben (Trades, Portfolio) with a stake of 75,273,091 shares. Ubben’s stake is 0.95% of Microsoft’s outstanding shares and 19.37% of his total assets.
Microsoft has a P/E of 34.7, a forward P/E of 16.5, a P/B of 5.3 and a P/S of 4.8. GuruFocus gives Microsoft a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
Microsoft sold for $52 per share Thursday.
Barrow trimmed his stake in JPMorgan Chase & Co. (JPM, Financial), a New York-based banking and financial services company, by more than 4%. Barrow sold 1,400,425 shares for an average price of $65.22 per share. The deal had a -0.13% impact on Barrow’s portfolio.
Barrow’s stake in JPMorgan Chase, now 31,244,912 shares, is the largest among the gurus. The stake is 0.85% of JPMorgan Chase’s outstanding shares and 3.07% of Barrow’s total assets.
JPMorgan Chase has a P/E of 9.9, a forward P/E of 8.6, a P/B of 1 and a P/S of 2.3. GuruFocus gives JPMorgan Chase a Financial Strength rating of 4/10 and a Profitability and Growth rating of 6/10.
JPMorgan Chase sold for $58.4 per share Thursday.
Barrow reduced his stake in Raytheon Co. (RTN, Financial), a Waltham, Massachusetts-based aerospace and defense company, by more than 6%. Barrow sold 718,703 shares for an average price of $120.57 per share. The transaction had a -0.12% impact on Barrow’s portfolio.
The guru’s remaining stake of 11,747,798 shares is the largest among the gurus. The stake is 3.9% of Raytheon’s outstanding shares and 1.97% of Barrow’s total assets.
Raytheon has a P/E of 18.7, a forward P/E of 16, a P/B of 3.8 and a P/S of 1.7. GuruFocus gives Raytheon a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10.
Raytheon sold for $126.42 per share Thursday.
Barrow lowered his stake in Emerson Electric Co. (EMR, Financial), a Ferguson, Missouri-based electrical equipment company, by more than 37%, selling 1,482,376 shares for an average price of $47.72 per share. The deal had a -0.1% impact on Barrow’s portfolio.
The transaction left Barrow with a stake of 3,988,132 shares. The stake is 0.61% of Emerson Electric’s outstanding shares and 0.27% of Barrow’s total assets. T Rowe Price Equity Income Fund (Trades, Portfolio) is Emerson Electric’s largest shareholder among the gurus with a stake of 5,325,000 shares. The stake is 0.81% of Emerson Electric’s outstanding shares and 1.15% of the guru’s total assets.
Emerson Electric has a P/E of 11.8, a forward P/E of 13.8, a P/B of 3.8 and a P/S of 1.4. GuruFocus gives Emerson Electric a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10.
Emerson Electric sold for $46.87 per share Thursday.
To view the portfolios of more gurus, visit the List of Gurus page. Not a premium member of GuruFocus? Try it free for 7 days.
