Arnold Van Den Berg (Trades, Portfolio), who founded Century Management more than 40 years ago, invested in half a dozen new buys in the second quarter. Most of Van Den Berg’s new buys were in health care-related companies, but his largest was not.
The largest was Van Den Berg’s purchase of a 323,733-share stake in Liberty Media Corp. (LSXMK, Financial), a Colorado-based mass media company. Van Den Berg paid an average price of $31.35 per share in a deal that had a 1.67% impact on the guru’s portfolio.
The stake is 0.1% of Liberty Media’s outstanding shares and 1.67% of Van Den Berg’s total assets. Van Den Berg is the only guru with holdings in Liberty Media.
Liberty Media has a P/E of 22.4, a P/B of 0.8 and a P/S of 2.1. GuruFocus gives Liberty Media a Financial Strength rating of 5/10 and a Profitability and Growth rating of 6/10 with ROE of 4.02% that is lower than 52% of the companies in the Global Broadcasting – TV industry and ROA of 1.46% that is lower than 53% of the companies in that industry.
Liberty Media sold for $34.24 per share Friday. The DCF Calculator gives Liberty Media a fair value of $9.95.
Van Den Berg acquired 97,615 shares of Express Scripts Holding Co. (ESRX, Financial), a pharmacy benefit management company based in St. Louis, for an average price of $73.45 per share. The transaction had a 1.24% impact on Van Den Berg’s portfolio.
The shares represent 0.02% of Express Scripts’ outstanding shares and 1.24% of Van Den Berg’s total assets. Express Scripts’ leading shareholder among the gurus is Dodge & Cox with a stake of 22,069,813 shares. The stake is 3.49% of Express Scripts’ outstanding shares and 1.48% of Dodge & Cox’s total assets.
Express Scripts has a P/E of 20.8, a forward P/E of 12.5, a P/B of 3.4 and a P/S of 0.5. GuruFocus gives Express Scripts a Financial Strength rating of 6/10 and a Profitability and Growth rating of 8/10 with ROE of 15.04% that is higher than 72% of the companies in the Global Health Care Plans industry and ROA of 4.92% that is higher than 74% of the companies in that industry.
Express Scripts sold for $78.86 per share Friday. The DCF Calculator gives Express Scripts a fair value of $93.28 with a 15% margin of safety.
Van Den Berg bought 85,223 shares of Schlumberger Ltd. (SLB, Financial), an oilfield services and equipment company with offices in Paris, Houston and the Netherlands, for an average price of $76.61 per share. The deal had a 1.13% impact on Van Den Berg’s portfolio.
The holding is 0.01% of Schlumberger’s outstanding shares and 1.13% of Van Den Berg’s total assets. Schlumberger’s leading shareholder among the gurus is Dodge & Cox with a stake of 62,666,542 shares. The stake is 5% of Schlumberger’s outstanding shares and 4.52% of Dodge & Cox’s total assets.
Schlumberger has a forward P/E of 78.7, a P/B of 2.4 and a P/S of 3.3. GuruFocus gives Schlumberger a Financial Strength rating of 6/10 and a Profitability and Growth rating of 8/10 with ROE of -4.43% that is higher than 75% of the companies in the Global Oil & Gas Equipment & Services industry and ROA of -2.43% that is higher than 76% of the companies in that industry.
Schlumberger sold for $81.61 per share Friday. The DCF Calculator gives Schlumberger a fair value of $-19.96.
Van Den Berg acquired 82,350 shares of AmerisourceBergen Corp. (ABC, Financial), a wholesale drug provider based in Chesterbrook, Pennsylvania, for an average price of $80.3 per share. The transaction had a 1.09% impact on Van Den Berg’s portfolio.
Van Den Berg’s position in the company is 0.04% of AmerisourceBergen’s outstanding shares and 1.09% of Van Den Berg’s total assets. Jim Simons (Trades, Portfolio) is AmerisourceBergen’s leading shareholder among the gurus with a stake of 1,239,400 shares. The stake is 0.57% of AmerisourceBergen’s outstanding shares and 0.2% of Simons’ total assets.
AmerisourceBergen has a P/E of 12.7, a forward P/E of 14.3, a P/B of 8.8 and a P/S of 0.1. GuruFocus gives AmerisourceBergen a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10 with ROE of 99.32% that is higher than 98
% of the companies in the Global Medical Distribution industry and ROA of 5.21% that is higher than 76% of the companies in that industry.
AmerisourceBergen sold for $85.86 per share Friday. The DCF Calculator gives AmerisourceBergen a fair value of $72.24.
Van Den Berg invested in 77,330 shares of Cardinal Health Inc. (CAH, Financial), a pharmaceutical company based in Dublin, Ohio, for an average price of $79.76 per share. The acquisition had a 1.01% impact on Van Den Berg’s portfolio.
Van Den Berg’s holding in Cardinal Health is 0.02% of the company’ outstanding shares and 1.01% of Van Den Berg’s total assets. Vanguard Health Care Fund (Trades, Portfolio) is Cardinal Health’s leading shareholder among the gurus with a stake of 6,385,231 shares. The stake is 1.96% of Cardinal Health’s outstanding shares and 1.16% of Vanguard’s total assets.
Cardinal Health has a P/E of 19.8, a forward P/E of 13.9, a P/B of 4 and a P/S of 0.2. GuruFocus gives Cardinal Health a Financial Strength rating of 6/10 and a Profitability and Growth rating of 6/10 with ROE of 21.35% that is higher than 92% of the companies in the Global Medical Distribution industry and ROA of 4.43% that is higher than 69% of the companies in that industry.
Cardinal Health sold for $82.99 per share Friday. The DCF Calculator gives Cardinal Health a fair value of $44.95.
Van Den Berg also purchased 250,145 shares of Liberty Media’s BATRK stock for an average price of $15.46 per share. That acquisition had a 0.64% impact on the guru’s portfolio.
Van Den Berg’s position in the stock is 0.08% of BATRK’s outstanding shares and 0.64% of Van Den Berg’s total assets. He is BATRK’s only shareholder among the gurus.
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