Dodge & Cox was founded in 1930 by Van Duyn Dodge and E. Morris Cox. During the first quarter the fund bought shares in the following stocks.
It increased its shares in Union Pacific Corp. (UNP) by 4,160% with an impact of 0.93% on the portfolio.
It is a rail transporting company. Its operating company is Union Pacific Railroad Company. It links 23 states in the western two-thirds of the country by rail, providing a critical link in the global supply chain.
Diluted earnings per share of $1.16 declined 11% for the first quarter, and operating had a 15% decrease from the same quarter of a year before.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 22.15% and ROA of 8.47% that are outperforming 85% of the companies in the Global Railroads industry. Financial strength has a rating of 5 out of 10 with cash to debt 0.18 that is below the industry median of 0.37.
First Eagle Investment (Trades, Portfolio) is the company's second-largest shareholder among the gurus with 1.46% of outstanding shares followed by PRIMECAP Management (Trades, Portfolio) with 0.56%, T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.23%, Pioneer Investments (Trades, Portfolio) with 0.2%, Manning & Napier Advisors Inc. with 0.15%, NWQ Managers (Trades, Portfolio) with 0.08%, Joel Greenblatt (Trades, Portfolio) with 0.05% and Tweedy Browne (Trades, Portfolio) with 0.05%.
The fund raised its shares in American Express Co. (AXP) by 53.82% with an impact of 0.55% on the portfolio.
The company is a payments, network and travel company that offers credit payment card products and travel-related services to consumers and businesses.
During the last quarter consolidated total revenues net of interest expense grew 2% from the first quarter of 2015, and the company's return on average equity (ROE) was 23.6%, down from 29.0% a year ago.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 23.22% and ROA of 3.22% that are outperforming 58% of the companies in the Global Credit Services industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.50 that is far below the industry median of 9,999.0.
The largest shareholder among the gurus is Warren Buffett (Trades, Portfolio) with 15.94% of outstanding shares followed by Barrow, Hanley, Mewhinney & Strauss with 2.18%, First Eagle Investment (Trades, Portfolio) with 1.64%, Chris Davis (Trades, Portfolio) with 1.49%, Ken Fisher (Trades, Portfolio) with 1.24%, First Pacific Advisors (Trades, Portfolio) with 0.6%, Jeremy Grantham (Trades, Portfolio) with 0.55% and Steven Romick (Trades, Portfolio) with 0.53%.
The fund increased its shares in Goldman Sachs Group Inc. (GS) by 24.91% with an impact of 0.41% on the portfolio.
The company is an investment banking, securities and investment management firm. Its segments include Investment Banking, Trading and Principal Investments, Asset Management and Securities Services.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROE of 4.63% and ROA of 0.50% that are underperforming 64% of the companies in the Global Capital Markets industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.31.
Buffett is the company's second-largest shareholder among the gurus with 3.25% of outstanding shares followed by Richard Pzena (Trades, Portfolio) with 0.44%, Bill Nygren (Trades, Portfolio) with 0.41%, HOTCHKIS & WILEY with 0.35%, Pioneer Investments (Trades, Portfolio) with 0.22% and Ruane Cunniff (Trades, Portfolio) with 0.17%.
The fund raised its stake in AstraZeneca PLCĂ‚ (AZN) by 121.19% with an impact of 0.39% on the portfolio.
It is a biopharmaceutical company. It is engaged in the discovery and development of new products, which are then manufactured, marketed and sold.
During the first quarter, driven by a significant increase in Externalization Revenue, total revenue grew by 5% and operating profit grew by 17% from the same quarter of a year before.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROE of 17.02% and ROA of 5.60% that are outperforming 57% of the companies in the Global Drug Manufacturers - Major industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.25 that is below the industry median of 3.99.
PRIMECAP Management (Trades, Portfolio) is the company's second-largest shareholder among the gurus with 0.52% of outstanding shares followed by Jim Simons (Trades, Portfolio) with 0.22%, Grantham with 0.02%, Manning & Napier Advisors with 0.02%, NWQ Managers (Trades, Portfolio) with 0.02%, Pioneer Investments (Trades, Portfolio) with 0.02% and Fisher with 0.01%.
The fund increased its shares in Bank of America Corporation (BAC) by 15.36% with an impact of 0.38% on the portfolio.
It is a bank holding and a financial holding company. Through its subsidiaries, it provides banking and nonbanking financial services and products throughout the U.S. and in selected international markets. Deposits increased 6% from the first quarter of 2015, and noninterest expense declined 6%.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with ROE of 5.45% and ROA of 0.72% that are underperforming 71% of the companies in the Global Banks - Global industry. Financial strength has a rating of 6 out of 10 with cash to debt 0.70 that is below the industry median of 2.93.
Barrow, Hanley, Mewhinney & Strauss is the company's second-largest shareholder among the gurus with 0.83% of outstanding shares followed by HOTCHKIS & WILEY with 0.58%, Fisher with 0.42%, Nygren with 0.34%, Pzena with 0.29% and First Pacific Advisors (Trades, Portfolio) with 0.26%.
Dodge & Cox raised its stake in VMware Inc. (VMW) by 227.19% with an impact of 0.33% on the portfolio.
The company provides virtualization infrastructure solutions utilized by organizations. It has three product areas: Software-Defined Data Center, End-User Computing and Hybrid Cloud Computing.
Revenues for the first quarter had an increase of 5% and 5% from the first quarter of 2015 and GAAP net income was 38 cents per diluted share, down 17% per diluted share compared to 45 cents per diluted share for the first quarter of 2015.
GuruFocus gives the stock a profitability and growth rating of 9 out of 10 with ROE of 12.51% and ROA of 6.33% that are outperforming 68% of the companies in the Global Software - Infrastructure industry. Financial strength has a rating of 7 out of 10 with cash to debt of 5.50 that is below the industry median of 10.94.
Simons is the company's second-largest shareholder among the gurus with 0.54% of outstanding shares followed by Seth Klarman (Trades, Portfolio) with 0.53%, PRIMECAP Management (Trades, Portfolio) with 0.42%, Daniel Loeb (Trades, Portfolio) with 0.28%, Greenblatt with 0.14% and Ray Dalio (Trades, Portfolio) with 0.13%.
The fund increased its shares in UnitedHealth Group Inc. (UNH) by 9.55% with an impact of 0.17% on the portfolio.
The company designs products, provides services and applies technologies that improve access to health and well-being services, simplify the health care experience and make health care more affordable. First-quarter revenue grew 25% year over year, and adjusted net earnings increased 17% year over year.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 18.00% and ROA of 5.79% that are outperforming 77% of the companies in the Global Health Care Plans industry. Financial strength has a rating of 6 out of 10 with cash to debt 0.39 that is below the industry median of 1.63.
Vanguard Health Care Fund (Trades, Portfolio) is the company's largest shareholder among the gurus with 2.47% of outstanding shares followed by Grantham with 0.51%, Davis with 0.4%, Barrow, Hanley, Mewhinney & Strauss with 0.36%, Nygren with 0.27%, Sarah Ketterer (Trades, Portfolio) with 0.12%, Lee Ainslie (Trades, Portfolio) with 0.12% and Tom Gayner (Trades, Portfolio) with 0.07%.
It raised its shares in National Oilwell Varco Inc. (NOV) by 25.13% with an impact of 0.16% on the portfolio.
The company designs, manufactures and sells equipment and components used in oil and gas drilling, completion and production operations and the provision of oilfield services to the upstream oil and gas industry.
Revenues for the first quarter decreased 20% compared to the fourth quarter of 2015 and by 55% from the same quarter of 2015.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of -6.74% and ROA of -4.14% that are underperforming 53% of the companies in the Global Oil & Gas Equipment & Services industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.52 that is above the industry median of 0.46.
First Eagle Investment (Trades, Portfolio) is the company's second-largest shareholder among the gurus with 5.85% of outstanding shares followed by Nygren with 0.82%, John Rogers (Trades, Portfolio) with 0.47%, PRIMECAP Management (Trades, Portfolio) with 0.4%, Gayner with 0.16%, John Buckingham (Trades, Portfolio) with 0.04%, Ketterer with 0.03%, Simons with 0.02% and David Rolfe (Trades, Portfolio) with 0.02%.
The fund increased its shares in Apache Corp. (APA) by 12.47% with an impact of 0.16% on the portfolio.
The company is an independent energy company that explores, develops and produces natural gas, crude oil and natural gas liquids. It has interests in six countries: the U.S., Canada, Egypt, Australia, the U.K. North Sea (North Sea) and Argentina.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10 with ROE of -185.32% and ROA of -63.92% that are underperforming 90% of the companies in the Global Oil & Gas E&P industry. Financial strength has a rating of 3 out of 10 with cash to debt 0.12 that is below the industry median of 0.46.
Davis is the company's second-largest shareholder among the gurus with 4.54% of outstanding shares followed by Nygren with 2.1%, T Rowe Price Equity Income Fund (Trades, Portfolio) with 1.82%, Pzena with 0.48%, Charles Brandes (Trades, Portfolio) with 0.45%, NWQ Managers (Trades, Portfolio) with 0.28%, Third Avenue Management (Trades, Portfolio) with 0.27%, Martin Whitman (Trades, Portfolio) with 0.24% and Arnold Van Den Berg (Trades, Portfolio) with 0.06%.
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