Diamond Hill Capital (Trades, Portfolio) Management Inc. was established in 2000 and is a registered investment adviser based in Columbus, Ohio. During the second quarter, the firm traded the following stocks.
The firm reduced its stake in Boston Scientific Corp. (BSX) by 76.09%, with an impact of -1.86% on the portfolio.
The company is a developer, manufacturer and marketer of medical devices that are used in a range of interventional medical specialties. Second quarter sales were $2.13 billion compared to the company's guidance range for the quarter of $2.01 to $2.06 billion, which represents a growth of 15% on a reported basis and 16% on an operational basis.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with ROE of -5.39% and ROA of -1.94%, which are underperforming 54% of the companies in the Global Medical Devices industry. Financial strength has a rating of 4 out of 10, with a cash to debt ratio of 0.08 that is below the industry median of 2.16.
The largest shareholder among the gurus is Vanguard Health Care Fund (Trades, Portfolio) with 3.94% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 3.13%, Jim Simons (Trades, Portfolio) with 0.36%, Diamond Hill Capital (Trades, Portfolio) with 0.36%, Samuel Isaly (Trades, Portfolio) with 0.29% and Pioneer Investments (Trades, Portfolio) with 0.22%.
The investor closed its stake in Jarden Corp. (JAH) with an impact of -1.25% on the portfolio.
The company, together with its subsidiaries manufactures, markets and distributes consumer products in the United States and internationally. Its three operating segments are branded consumables, consumer solutions and outdoor solutions.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROE of 4.78% and ROA of 1.24%, which are underperforming 67% of the companies in the Global Home Furnishings & Fixtures industry. Financial strength has a rating of 5 out of 10, with a cash to debt ratio of 0.2 that is below the industry median of 1.28.
The firm acquired 6,251,030 shares in Hanesbrands Inc. (HBI) with an impact of 0.99% on the portfolio.
The company is a consumer goods company with a portfolio of apparel brands. It designs, manufactures, sources and sells a range of apparel essentials such as T-shirts, innerwear, casualwear, activewear, socks and hosiery. During the second quarter, net sales decreased 3% as a result of comparisons with strong performance in the year-ago quarter that included expanded shelf space for product launches. On a GAAP basis, operating profit of $221 million increased 59%.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 40.95% and ROA of 8.23%, which are outperforming 73% of the companies in the Global Apparel Manufacturing industry. Financial strength has a rating of 5 out of 10, with a cash to debt ratio of 0.17 that is below the industry median of 1.28.
The largest shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with 2.88% of outstanding shares, followed by Diamond Hill Capital (Trades, Portfolio) with 1.65%, Columbia Wanger (Trades, Portfolio) with 0.63%, Jim Simons (Trades, Portfolio) with 0.22%, Ronald Muhlenkamp (Trades, Portfolio) with 0.11%, Mario Gabelli (Trades, Portfolio) with 0.05% and Keeley Asset Management Corp (Trades, Portfolio) with 0.05%.
The firm bought 11,130,717 shares in Ford Motor Co. (F) with an impact of 0.88% on the portfolio.
The company is engaged in manufacturing automobiles. It produces cars and trucks. Its business is divided into two segments: Automotive and Financial Services. Second quarter net income was $2.0 billion, down $190 million from a year ago and total company adjusted pre-tax profit was $3.0 billion, down from $293 million in the same quarter of a year before.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROE of 31.38% and ROA of 3.95%, which are outperforming 51% of the companies in the Global Auto Manufacturers industry. Financial strength has a rating of 5 out of 10, with a cash to debt ratio of 0.28 that is below the industry median of 0.74.
Barrow, Hanley, Mewhinney & Strauss is the largest shareholder among the gurus with 1.31% of outstanding shares, followed by Richard Pzena (Trades, Portfolio) with 0.46%, NWQ Managers (Trades, Portfolio) with 0.06%, Pioneer Investments (Trades, Portfolio) with 0.05%, Joel Greenblatt (Trades, Portfolio) with 0.03% and Ken Fisher (Trades, Portfolio) with 0.02%.
The firm acquired 2,820,851 shares in Newell Brands Inc. (NWL) with an impact of 0.87% on the portfolio.
The company is a marketer of consumer and commercial products. Its products include markers & highlighters, pens & pencils, art products, food storage & home storage products, industrial bandsaw blades, strollers and hygiene systems, among others. During the second quarter, net sales had a growth of 147.2% and core sales grew 5.0%. Diluted earnings per share compared with 55 cents in the prior year, largely attributable to the income contribution from the acquired Jarden businesses.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 8.75%, which is outperforming, and ROA of 2.30%, which is underperforming 67% of the in the Global Household & Personal Products industry. Financial strength has a rating of 4 out of 10, with a cash to debt ratio of 0.05 that is above the industry median of 0.64.
The largest shareholder among the gurus is Andreas Halvorsen (Trades, Portfolio) with 2.06% of outstanding shares, followed by Steven Cohen (Trades, Portfolio) with 0.65%, Murray Stahl (Trades, Portfolio) with 0.35%, Lee Ainslie (Trades, Portfolio) with 0.3%, PRIMECAP Management (Trades, Portfolio) with 0.16%, Jim Simons (Trades, Portfolio) with 0.12% and Louis Moore Bacon (Trades, Portfolio) with 0.11%.
The firm bought 1,948,220 shares in United Continental Holdings Inc. (UAL) with an impact of 0.51% on the portfolio.
The company transports people and cargo through its mainline operations, which use jet aircraft with at least 118 seats, and its regional operations. During the second quarter, total revenue was $9.4 billion, a decrease of 5.2% year-over year, and the company repurchased $694 million of its common stock, representing 4.4% of shares outstanding
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROE of 87.75% and ROA of 16.11%, which are outperforming 91% of the companies in the Global Airlines industry. Financial strength has a rating of 5 out of 10, with a cash to debt ratio of 0.41 that is below the industry median of 0.46.
PRIMECAP Management (Trades, Portfolio) is the largest shareholder of the company among the gurus, with 6.08% of outstanding shares, followed by Leon Cooperman (Trades, Portfolio) with 0.73%, Sarah Ketterer (Trades, Portfolio) with 0.49%, Pioneer Investments (Trades, Portfolio) with 0.29%, Steven Cohen (Trades, Portfolio) with 0.19%, Joel Greenblatt (Trades, Portfolio) with 0.17%, Jim Simons (Trades, Portfolio) with 0.14% and Lee Ainslie (Trades, Portfolio) with 0.02%.
The firm raised its stake in Microsoft Corp. (MSFT) by 25.56% and with an impact of 0.3% on the portfolio.
It is engaged in designing, manufacturing and selling devices and online advertising. Its products include operating systems for computing devices, servers, phones and other devices. During the fourth quarter, Microsoft returned $6.4 billion to shareholders in the form of share repurchases and dividends.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 21.64% and ROA of 9.13%, which are outperforming 78% of the companies in the Global Software - Infrastructure industry. Financial strength has a rating of 6 out of 10, with a cash to debt ratio of 2.11 that is below the industry median of 11.22.
The largest shareholder among the gurus is PRIMECAP Management (Trades, Portfolio) with 0.75% of outstanding shares, followed by Jeff Ubben (Trades, Portfolio) with 0.73%, Dodge & Cox with 0.66%, Barrow, Hanley, Mewhinney & Strauss with 0.32%, First Eagle Investment (Trades, Portfolio) with 0.3%, Ken Fisher (Trades, Portfolio) with 0.23% and Pioneer Investments (Trades, Portfolio) with 0.22%.
The fund reduced its position in Twenty-First Century Fox Inc Class BÂ (FOX) by 13.05%, with an impact of -0.18% on the portfolio.
Fox is a diversified media and entertainment company. It operates in five business segments: Cable Network Programming, Television, Filmed Entertainment, Other and Corporate and Eliminations.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 18.33% and ROA of 5.65%, which are outperforming 70% of the companies in the Global Media - Diversified industry. Financial strength has a rating of 5 out of 10, with a cash to debt ratio of 0.22 that is below the industry median of 1.36.
Jeff Ubben (Trades, Portfolio) is the largest shareholder of the company among the gurus, with 2.54% of outstanding shares, followed by Donald Yacktman (Trades, Portfolio) with 1.5%, Dodge & Cox with 0.76%, Yacktman Focused Fund (Trades, Portfolio) with 0.75%, T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.52%, Yacktman Fund (Trades, Portfolio) with 0.47% and Seth Klarman (Trades, Portfolio) with 0.39%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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