John Buckingham (Trades, Portfolio) is the chief investment officer of AFAM Capital and is the editor of The Prudent Investor, an investment newsletter. AFAM Capital specializes in managing exchange-traded funds and equity portfolios. During the first quarter he reduced or closed his shares in many stocks:
The investor closed his stake in BioMed Realty Trust Inc. (BMR) with an impact of -1.16% on the portfolio.
The company operates as a self-administered and self-managed real estate investment trust focused on acquiring, developing, owning, leasing and managing laboratory and office space for the life science industry.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with ROE of 6.96% and ROA of 3.32% that are underperforming 51% of the companies in the Global REIT - Office industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.02 that is below the industry median of 0.06.
Paul Tudor Jones (Trades, Portfolio) is the company's largest shareholder among the gurus with 0.17% of outstanding shares followed by Jim Simons (Trades, Portfolio) with 0.07%.
The guru reduced his stake in Tyson Foods Inc. (TSN) by 47.02% with an impact of -0.61% on the portfolio.
The company operates a vertically integrated poultry production process. Its integrated operations consist of breeding stock, contract growers, feed production, processing, further processing, marketing and transportation of chicken and related products, including animal and pet food ingredients.
During the second quarter operating income grew 27% from the same quarter of a year before, and the company repurchased 6.9 million shares for $400 million, excluding shares repurchased to offset dilution from the equity compensation plan.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 14.17% and ROA of 6.45% that are outperforming 70% of the companies in the Global Farm Products industry. Financial strength has a rating of 8 out of 10 with cash to debt of 0.04 that is below the industry median of 0.68.
The largest shareholder among the gurus is First Eagle Investment (Trades, Portfolio) with 0.76% of outstanding shares followed by Simons with 0.47%, PRIMECAP Management (Trades, Portfolio) with 0.45%, Joel Greenblatt (Trades, Portfolio) with 0.42%, Pioneer Investments (Trades, Portfolio) with 0.26%, Buckingham with 0.02% and Scott Black (Trades, Portfolio) with 0.01%.
The investor exited his stake in California Water Service Group. (CWT) with an impact of -0.53% on the portfolio.
The company is engaged in the production, purchase, storage, treatment, testing, distribution and sale of water for domestic, industrial, public and irrigation uses and for fire protection.
During the last quarter net income was $45.0 million, and diluted earnings per share was 94 cents for 2015 compared to net income of $56.7 million and earnings per share of $1.19 in 2014. Total revenue decreased 1.5% due to significant reductions in customers' water usage.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 6.75% and ROA of 1.88% that are underperforming 64% of the companies in the Global Utilities - Regulated Water industry. Financial strength has a rating of 4 out of 10 with cash to debt of 0.05 that is below the industry median of 0.29.
Simons is the company's largest shareholder among the gurus with 1.03% of outstanding shares followed by John Keeley (Trades, Portfolio) with 0.14% and Mario Gabelli (Trades, Portfolio) with 0.03%.
The guru reduced his stake in Nippon Telegraph & Telephone Corp. (NTT) by 24.17% with an impact of -0.31% on the portfolio.
The company is engaged in providing regional communications, long-distance and international communications, mobile communications and data communication services in Japan.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 7.69% and ROA of 3.25% that are outperforming 51% of the companies in the Global Telecom Services industry. Financial strength has a rating of 7 out of 10 with cash to debt of 0.18 that is below the industry median of 0.46.
The largest shareholder among the gurus is Simons with 0.13% of outstanding shares followed by NWQ Managers (Trades, Portfolio) with 0.01% and Buckingham with 0.01%.
The investor closed his stake in Quality Systems Inc. (QSII) with an impact of -0.25% on the portfolio.
The company develops and markets health care information systems that automate certain aspects of medical and dental practices, networks of practices, ambulatory care centers, community health centers and medical and dental schools.
During the third quarter revenue grew 2% from the same quarter of a year before, and gross margin was 54% compared with 56% in the same quarter of a year before.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 11.54% and ROA of 7.40% that are outperforming 67% of the companies in the Global Health Information Services industry. Financial strength has a rating of 9 out of 10 with no debt.
Simons is the company's largest shareholder among the gurus with 0.88% of outstanding shares followed by Steven Cohen (Trades, Portfolio) with 0.7%.
The guru reduced his stake in Symantec Corp. (SYMC) by 12.13% with an impact of -0.12% on the portfolio.
The company provides security, backup and availability solutions. Its products and services protect people and information in any environment, from the smallest mobile device to the enterprise data center to cloud-based systems.
Fourth quarter revenue decreased 3% from the same quarter of a year before, full-year revenue decreased 10%, and operating margin was 14.7% compared to 5.5% in the fourth quarter of a year before.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 46.43% and ROA of 20.01% that are outperforming 94% of the companies in the Global Software - Application industry. Financial strength has a rating of 7 out of 10 with cash to debt of 2.73 that is below the industry median of 13.06.
The largest shareholder among the gurus is Dodge & Cox with 11.29% of outstanding shares followed by Paul Singer (Trades, Portfolio) with 0.77%, Richard Snow (Trades, Portfolio) with 0.42%, Martin Whitman (Trades, Portfolio) with 0.28%, HOTCHKIS & WILEY with 0.26%, Third Avenue Management (Trades, Portfolio) with 0.23% and Charles de Vaulx (Trades, Portfolio) with 0.2%.
The investor reduced his stake in Aetna Inc. (AET) by 5.66% with an impact of -0.1% on the portfolio.
The company is a health care benefit company that offers traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans.
Fourth quarter operating earnings had a per-share increase of 12%, and full-year operating earning had a per-share increase of 15% over full-year 2014.
GuruFocus gives the stock a profitability and growth rating of 9 out of 10 with ROE of 14.76% and ROA of 4.28% that are outperforming 70% of the companies in the Global Health Care Plans industry. Financial strength has a rating of 7 out of 10 with cash to debt of 0.89 that is below the industry median of 1.00.
Vanguard Health Care Fund (Trades, Portfolio) is the company's largest shareholder among the gurus with 2.33% of outstanding shares followed by Larry Robbins (Trades, Portfolio) with 1.64%, Pioneer Investments (Trades, Portfolio) with 0.41%, Andreas Halvorsen (Trades, Portfolio) with 0.36%, Jeremy Grantham (Trades, Portfolio) with 0.31%, Diamond Hill Capital (Trades, Portfolio) with 0.22%, Simons with 0.06% and Leon Cooperman (Trades, Portfolio) with 0.05%.
The guru reduced his stake in Walt Disney Co. (DIS) by 4.62% with an impact of -0.08% on the portfolio.
The company together with its subsidiaries is a diversified entertainment company with operations in five business segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive.
GuruFocus gives the stock a profitability and growth rating of 9 out of 10 with ROE of 20.24% and ROA of 10.32% that are outperforming 85% of the companies in the Global Media - Diversified industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.24 that is below the industry median of 1.53.
The largest shareholder among the gurus is Ken Fisher (Trades, Portfolio) with 0.53% of outstanding shares followed by PRIMECAP Management (Trades, Portfolio) with 0.41%, Spiros Segalas (Trades, Portfolio) with 0.32%, Pioneer Investments (Trades, Portfolio) with 0.24%, Diamond Hill Capital (Trades, Portfolio) with 0.12%, Tom Gayner (Trades, Portfolio) with 0.1%, T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.08%, Simons with 0.05% and Mairs and Power (Trades, Portfolio) with 0.05%.
The investor reduced his stake in ManpowerGroup (MAN) by -5.73% with an impact of -0.08% on the portfolio.
The company is engaged in the employment services industry. It offers permanent, temporary and contract recruitment services; assessment and selection services; training and development services and outsourcing services, among others.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 15.67% that is outperforming and ROA of 5.83% that is underperforming other companies in the Global Staffing & Outsourcing Services industry. Financial strength has a rating of 8 out of 10, with cash to debt of 0.85 that is below the industry median of 2.77.
Robbins is the company's largest shareholder among the gurus, with 6.77% of outstanding shares followed by Chuck Royce (Trades, Portfolio) with 1.27%, Columbia Wanger (Trades, Portfolio) with 1.27%, HOTCHKIS & WILEY with 0.5%, Greenblatt with 0.33%, Buckingham with 0.14%, Pioneer Investments (Trades, Portfolio) with 0.1% and Cohen with 0.09%.
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