Pioneer Investments (Trades, Portfolio) made 50 new buys in the fourth quarter. That is nearly as many new buys as Pioneer made in the third quarter, but it is also the guru’s fewest new buys since the third quarter of 2014.
Pioneer Investments (Trades, Portfolio)’ most significant fourth-quarter transaction was the purchases of stakes in Alphabet Inc. (GOOGL, Financial)(GOOG, Financial), the Mountain View, California-based parent company of Google Inc. Pioneer purchased a 723,236-share stake in GOOGL for an average price of $742.51 per share and a 499,584-share stake in GOOG for an average price of $720.15 per share.
The GOOGL acquisition had a 2.14% impact on Pioneer’s portfolio. The GOOG acquisition had a 1.45% impact on the portfolio.
Pioneer’s stake in GOOGL is 0.11% of Alphabet’s outstanding shares and 2.14% of Pioneer’s total assets. PRIMECAP Management (Trades, Portfolio) is GOOGL’s leading shareholder among the gurus with 2,577,639 shares. The stake is 0.37% of Alphabet’s outstanding shares and 2.05% of PRIMECAP’s total assets.
Pioneer’s stake in GOOG is 0.07% of the outstanding shares and 1.45% of Pioneer’s total assets. Dodge & Cox is GOOG’s leading shareholder among the gurus with a stake of 3,278,856 shares. The stake is 0.48% of GOOG’s outstanding shares and 2.44% of Dodge & Cox’s total assets.
Alphabet has a P/E of 30.6, a forward P/E of 18.1, a P/B of 4 and a P/S of 6.8. GuruFocus gives Alphabet a Financial Strength rating of 9/10 and a Profitability and Growth rating of 8/10.
GOOGL sold for $706.89 per share Friday. GOOG sold for $682.4 per share Friday.
Pioneer Investments (Trades, Portfolio) invested in an 899,279-share stake in Illinois Tool Works Inc. (ITW, Financial), a Glenview, Illinois-based manufacturing company. Pioneer purchased the stake for an average price of $91.01 per share. The acquisition had a 0.32% impact on Pioneer’s portfolio.
The stake is 0.25% of the company’s outstanding shares and 0.32% of the guru’s total assets. T Rowe Price Equity Income Fund (Trades, Portfolio) is Illinois Tool Works’ leading shareholder among the gurus. T Rowe Price’s stake of 2.8 million shares is 0.77% of the company’s outstanding shares and 1.17% of the guru’s total assets.
Illinois Tool Works has a P/E of 16.1, a forward P/E of 15.2, a P/B of 6.4 and a P/S of 2.6. GuruFocus gives Illinois Tool Works a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10.
Illinois Tool Works sold for $91.88 per share Friday.
Pioneer Investments (Trades, Portfolio) acquired a 429,387-share stake in Celanese Corp. (CE, Financial), an Irving, Texas-based technology and specialty materials company, paying an average price of $68.11 per share. The purchase had a 0.11% impact on Pioneer’s portfolio.
Pioneer’s stake in Celanese is 0.29% of the company’s outstanding shares and 0.11% of the guru’s total assets. Celanese’s leading shareholder among the gurus is Dodge & Cox with a stake of 13,291,279 shares. The stake is 9.04% of Celanese’s outstanding shares and 0.88% of Dodge & Cox’s total assets.
Celanese has a P/E of 28.5, a forward P/E of 8.6, a P/B of 3.5 and a P/S of 1.5. GuruFocus gives Celanese a Financial Strength rating of 7/10 and a Profitability and Growth ranking of 6/10.
Celanese sold for $57.31 per share Friday.
Pioneer purchased a 467,154-share stake in Dover Corp. (DOV, Financial), a specialized industrial products and equipment manufacturer based in Downers Grove, Illinois, for an average price of $62.89 per share. The transaction had a 0.11% impact on Pioneer’s portfolio.
Pioneer’s stake is 0.3% of Dover’s outstanding shares and 0.11% of the guru’s total assets. Richard Pzena (Trades, Portfolio) is Dover’s leading shareholder among the gurus with a stake of 5,671,522 shares. The stake is 3.66% of Dover’s outstanding shares and 2.15% of Pzena’s total assets.
Dover has a P/E of 10.6, a forward P/E of 14.2, a P/B of 2.5 and a P/S of 1.3. GuruFocus gives Dover a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10.
Dover sold for $59.19 per share Friday.
Pioneer acquired a 218,608-share stake in Church & Dwight Company Inc. (CHD, Financial), a dental and medical products company based in Ewing, New Jersey, for an average price of $85.75 per share. The deal had a 0.07% impact on Pioneer’s portfolio.
Pioneer’s stake is 0.17% of Church & Dwight’s outstanding shares and 0.07% of Pioneer’s total assets. Ron Baron (Trades, Portfolio) is Church & Dwight’s leading shareholder among the gurus. Baron’s stake of 1,867,515 shares is 1.42% of Church & Dwight’s outstanding shares and 0.71% of Baron’s total assets.
Church & Dwight has a P/E of 29.2, a forward P/E of 23.4, a P/B of 5.7 and a P/S of 3.5. GuruFocus gives Church & Dwight a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10.
Church & Dwight sold for $88.58 per share Friday.
Pioneer purchased a 389,882-share stake in Fluor Corp. (FLR, Financial), an engineering and construction company based in Irving, Texas, for an average price of $47.18 per share. The deal had a 0.07% impact on Pioneer’s portfolio.
Pioneer’s stake is 0.28% of Fluor’s outstanding shares and 0.07% of Pioneer’s total assets. Fluor’s leading shareholder among the gurus is Joel Greenblatt (Trades, Portfolio) with a stake of 1,539,994 shares. Greenblatt’s stake is 1.09% of Fluor’s outstanding shares and 0.64% of Greenblatt’s total assets.
Fluor has a P/E of 9.7, a forward P/E of 10.8, a P/B of 2 and a P/S of 0.3. GuruFocus gives Fluor a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10.
Fluor sold for $43.64 per share Friday.
Pioneer bought a 207,115-share stake in Ball Corp. (BLL, Financial), a packaging and aerospace company based in Broomfield, Colorado, for an average price of $68.5 per share. The transaction had a 0.06% impact on Pioneer’s portfolio.
Pioneer’s stake is 0.15% of Ball’s outstanding shares and 0.06% of Pioneer’s total assets. Ball’s leading shareholder among the gurus is Richard Perry (Trades, Portfolio) with 2,974,800 shares. Perry’s stake is 2.18% of Ball’s outstanding shares and 10.46% of Perry’s total assets.
Ball has a P/E of 30.5, a forward P/E of 18.9, a P/B of 7.1 and a P/S of 1.1. GuruFocus gives Ball a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
Ball sold for $65.17 per share Friday.
Pioneer purchased a 169,932-share stake in Delphi Automotive PLC (DLPH, Financial), an automotive parts manufacturer based in the United Kingdom, for an average price of $83.84 per share. The deal had a 0.06% impact on Pioneer’s portfolio.
Pioneer’s stake is 0.06% of Delphi Automotive’s outstanding shares and 0.06% of the guru’s total assets. Delphi Automotive’s leading shareholder among the gurus is James Barrow (Trades, Portfolio) with a stake of 4,196,513 shares. Barrow’s stake is 1.51% of Delphi Automotive’s outstanding shares and 0.54% of Barrow’s total assets.
Delphi Automotive has a P/E of 11.1, a forward P/E of 8.8, a P/B of 7.6 and a P/S of 1.2. GuruFocus gives Delphi Automotive a Financial Strength rating of 6/10 and a Profitability and Growth rating of 6/10.
Delphi Automotive sold for $61.24 per share Friday.
Pioneer invested in a 99,210-share stake in Expedia Inc. (EXPE, Financial), the Bellevue, Washington-based parent company of travel-related websites, for an average price of $126.66 per share. The transaction had a 0.05% impact on Pioneer’s portfolio.
Pioneer’s stake is 0.07% of Expedia’s outstanding shares and 0.05% of Pioneer’s total assets. Steve Mandel (Trades, Portfolio) is Expedia’s leading shareholder among the gurus with a stake of 1,094,269 shares. Mandel’s stake is 0.8% of Expedia’s outstanding shares and 0.54% of Mandel’s total assets.
Expedia has a P/E of 16.1, a forward P/E of 14.3, a P/B of 2.9 and a P/S of 2.2. GuruFocus gives Expedia a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
Expedia sold for $102.25 per share Friday.
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