Tom Gayner (Trades, Portfolio) sold out nine existing stakes in his portfolio in the first quarter. His two most noteworthy divestments involved courier companies.
Gayner sold his 793,500-share stake in United Parcel Service Inc. (UPS, Financial), a Sandy Springs, Georgia-based package delivery provider, for an average price of $97.06 per share in what was, by far, the guru’s most significant first-quarter transaction. The divestiture had a -2.07% impact on Gayner’s portfolio.
United Parcel Service’s leading shareholder among the gurus is Bill Gates (Trades, Portfolio) with a stake of 4,525,329 shares. The stake is 0.51% of United Parcel Service’s outstanding shares and 2.61% of Gates’ total assets.
United Parcel Service has a P/E of 18.8, a forward P/E of 16.3, a P/B of 36.6 and a P/S of 1.6. GuruFocus gives United Parcel Service a Financial Strength rating of 6/10 and a Profitability and Growth rating of 8/10.
United Parcel Service sold for $102.69 per share Monday.
Gayner sold his 32,000-share stake in FedEx Corp. (FDX, Financial), a package delivery company based in Memphis, Tennessee, for an average price of $138.89 per share. The divestiture had a -0.13% impact on Gayner’s portfolio.
FedEx’s leading shareholder among the gurus is PRIMECAP Management (Trades, Portfolio) with a stake of 14,745,589 shares. The stake is 5.49% of FedEx’s outstanding shares and 2.25% of PRIMECAP’s total assets.
FedEx has a P/E of 46.2, a forward P/E of 13, a P/B of 3.6 and a P/S of 0.9. GuruFocus gives FedEx a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.
FedEx sold for $162.29 per share Monday.
Gayner sold his 54,000-share stake in Coach Inc. (COH, Financial), a New York City-based apparel and accessories company, for an average price of $36.05 per share. The divestiture had a -0.05% impact on Gayner’s portfolio.
Dodge & Cox is Coach’s leading shareholder among the gurus with a stake of 17,371,561 shares. The stake is 6.25% of Coach’s outstanding shares and 0.57% of Dodge & Cox’s total assets.
Coach has a P/E of 29.1, a forward P/E of 18, a P/B of 4.3 and a P/S of 2.6. GuruFocus gives Coach a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
Coach sold for $40.69 per share Monday.
Gayner hiked his stake in Alphabet Inc. (GOOG, Financial), the Mountain View, California-based parent company of Google, by nearly 44%. Gayner purchased 7,000 shares for an average price of $716.19 per share. The transaction had a 0.14% impact on Gayner’s portfolio.
The stake, now 23,031 shares, is 0.46% of Gayner’s total assets. Alphabet’s leading shareholder among the gurus is Dodge & Cox with a stake of 3,278,856 shares. The stake is 0.48% of Alphabet’s outstanding shares and 2.44% of Dodge & Cox’s total assets.
Alphabet has a P/E of 30.8, a forward P/E of 18, a P/B of 4 and a P/S of 6.5. GuruFocus gives Alphabet a Financial Strength rating of 9/10 and a Profitability and Growth rating of 8/10.
Alphabet sold for $712.90 per share Monday.
Gayner raised his stakes in both stock components of Liberty Media Corp. (LMCK, Financial)(LMCA, Financial), a Douglas County, Colorado-based mass media company.
Gayner raised his stake in LMCK by nearly 37% with the purchase of 191,021 shares for an average price of $25.69 per share. The deal had a 0.14% impact on Gayner’s portfolio.
The stake, now 713,021 shares, is 0.15% of LMCK’s outstanding shares and 0.53% of Gayner’s total assets. LMCK’s leading shareholder among the gurus is Warren Buffett (Trades, Portfolio) with a stake of 15,386,257 shares. The stake is 3.32% of LMCK’s outstanding shares and 0.44% of Buffett’s total assets.
LMCK has a P/E of 146.9, a P/B of 0.8 and a P/S of 2.
LMCK sold for $18.59 per share Monday.
Gayner raised his stake in LMCA by more than 42%. The guru acquired 180,620 shares for an average price of $25.35 per share. The transaction had a 0.13% impact on Gayner’s portfolio.
The stake, now 606,620 shares, is 0.13% of LMCA’s outstanding shares and 0.44% of Gayner’s total assets. Buffett is also LMCA’s leading shareholder among the gurus with a stake of 7.8 million shares. The stake is 1.68% of LMCA’s outstanding shares and 0.23% of Buffett’s total assets.
LMCA has a P/E of 146.2, a P/B of 0.8 and a P/S of 2.
LMCA sold for $19 per share Monday.
GuruFocus gives Liberty Media a Financial Strength rating of 6/10 and a Profitability and Growth rating of 5/10.
Gayner boosted his stake in Amazon.com (AMZN, Financial), an ecommerce company based in Seattle, by nearly 173%. Gayner bought 5,700 shares for an average price of $568.41 per share. The deal had a 0.09% impact on Gayner’s portfolio.
The stake, now 9,000 shares, is 0.14% of Gayner’s total assets. Amazon.com’s leading shareholder among the gurus is Chase Coleman (Trades, Portfolio) with a stake of 3,193,590 shares. The stake is 0.68% of Amazon.com’s outstanding shares and 17.35% of Coleman’s total assets.
Amazon.com has a P/E of 281.6, a forward P/E of 53.2, a P/B of 21.5 and a P/S of 2.9. GuruFocus gives Amazon.com a Financial Strength rating of 6/10 and a Profitability and Growth rating of 8/10.
Amazon.com sold for $679.75 per share Monday.
Gayner increased his stake in Microsoft Corp. (MSFT, Financial), a technology company based in Redmond, Washington, by more than 113% with the purchase of 34,000 shares for an average price of $52.42 per share. The transaction had a 0.05% impact on Gayner’s portfolio.
The stake, now 64,000 shares, is 0.09% of Gayner’s total assets. Microsoft’s leading shareholder among the gurus is Dodge & Cox with a stake of 66,559,905 shares. The stake is 0.85% of Microsoft’s outstanding shares and 3.62% of Dodge & Cox’s total assets.
Microsoft has a P/E of 39.9, a forward P/E of 16.7, a P/B of 5.3 and a P/S of 4.7. GuruFocus gives Microsoft a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10.
Microsoft sold for $50.07 per share Monday.
Gayner invested in eight new buys in the first quarter, the most noteworthy being the purchase of a 56,000-share stake in Analog Devices Inc. (ADI, Financial), a Norwood, Massachusetts-based semiconductor company, for an average price of $53.31 per share. The deal had a 0.09% impact on Gayner’s portfolio.
The stake is 0.02% of Analog Devices’ outstanding shares and 0.09% of Gayner’s total assets. Analog Devices’ leading shareholder among the gurus is PRIMECAP Management (Trades, Portfolio) with a stake of 4,360,845 shares. The stake is 1.41% of Analog Devices’ outstanding shares and 0.25% of PRIMECAP’s total assets.
Analog Devices has a P/E of 25.8, a forward P/E of 17.2, a P/B of 3.5 and a P/S of 5.1. GuruFocus gives Analog Devices a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10.
Analog Devices sold for $55.23 per share Monday.
Gayner acquired a 66,000-share stake in Linear Technology Corp. (LLTC, Financial), a Milpitas, California-based technology company, for an average price of $42.22 per share. The deal had a 0.08% impact on Gayner’s portfolio.
The stake is 0.03% of Linear’s outstanding shares and 0.08% of Gayner’s total assets. Linear’s leading shareholder among the gurus is First Eagle Investment (Trades, Portfolio) with a stake of 13,710,384 shares. The stake is 5.73% of Linear’s outstanding shares and 1.55% of First Eagle’s total assets.
Linear has a P/E of 21.9, a forward P/E of 19.6, a P/B of 6.3 and a P/S of 7.6. GuruFocus gives Linear a Financial Strength rating of 9/10 with no debt and a Profitability and Growth rating of 8/10.
Linear sold for $44.21 per share Monday.
Gayner purchased a 55,000-share stake in Texas Instruments (TXN, Financial), a semiconductor company based in Dallas, for an average price of $53 per share. The acquisition had a 0.08% impact on Gayner’s portfolio.
The stake is 0.01% of Texas Instruments’ outstanding shares and 0.08% of Gayner’s total assets. Texas Instruments’ leading shareholder among the gurus is PRIMECAP Management (Trades, Portfolio) with a stake of 54,483,936 shares. The stake is 5.43% of Texas Instruments’ outstanding shares and 3.05% of PRIMECAP’s total assets.
Texas Instruments has a P/E of 20.1, a forward P/E of 16.9, a P/B of 5.9 and a P/S of 4.6. GuruFocus gives Texas Instruments a Financial Strength rating of 9/10 and a Profitability and Growth rating of 8/10.
Texas Instruments sold for $56.91 per share Monday.
Gayner invested in a 63,000-share stake in Cisco Systems Inc. (CSCO), a San Jose, California-based networking equipment company, for an average price of $25.71 per share. The transaction had a 0.05% impact on Gayner’s portfolio.
The stake is 0.05% of Gayner’s total assets. Cisco’s leading shareholder among the gurus is Dodge & Cox with a stake of 67,753,678 shares. The stake is 1.35% of Cisco’s outstanding shares and 1.81% of Dodge & Cox’s total assets.
Cisco has a P/E of 13.1, a forward P/E of 11, a P/B of 2.2 and a P/S of 2.7.
Cisco sold for $26.51 per share Monday.
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