Tweedy Browne (Trades, Portfolio) manages a portfolio composed of 52 stocks with a total value of $3.483 billion. During the first quarter the guru sold shares in the following stocks:
Baxter International Inc. (BAX)’s stake was reduced by 27.50% with an impact of -0.82% on the portfolio.
The company provides renal and hospital products including acute and chronic dialysis, sterile IV solutions, infusion pumps and systems, parenteral nutrition therapies, biosurgery products and anesthetics, drug reconstitution systems, etc.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10. The return on equity (ROE) of 21.42% and return on assets (ROA) of 10.84% are outperforming 98% of the companies in the Global Medical Instruments and Supplies industry. Financial strength has a rating of 7 out of 10.
The largest shareholder among the gurus is Daniel Loeb (Trades, Portfolio) with 8.46% of outstanding shares followed by Bill Nygren (Trades, Portfolio) with 0.85%, Vanguard Health Care Fund (Trades, Portfolio) with 0.57%, Jim Simons (Trades, Portfolio) with 0.35%, Mairs and Power (Trades, Portfolio) with 0.3%, Tweedy Browne with 0.29%, Tweedy Browne Global Value with 0.19% and Joel Greenblatt (Trades, Portfolio) with 0.19%.
The guru reduced the shares in Devon Energy Corp. (DVN) by 9.39% with an impact of -0.47% on the portfolio.
It is an independent energy company engaged in the exploration, development and production of oil, natural gas and NGLs.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of 5.09% and ROA of 1.18% are underperforming 80% of the companies in the Global Oil and Gas E&P industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.20 is below the industry median of 0.72.
Barrow, Hanley, Mewhinney & Strauss is the largest shareholder among the gurus with 0.96% of outstanding shares followed by First Eagle Investment (Trades, Portfolio) with 0.91%, John Griffin (Trades, Portfolio) with 0.5%, Simons with 0.38%, Tweedy Browne Global Value with 0.24% and Third Avenue Management (Trades, Portfolio) with 0.15%.
The investor slightly reduced the position in Cisco Systems Inc. (CSCO) by 2.94%. The trade had an impact of -0.32% on the portfolio.
It is engaged in the designing, manufacturing and sale of internet protocol (IP) based networking products and services related to the communications and information technology (IT) industry.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The ROE of 15.69% and ROA of 8.08% are outperforming 81% of the companies in the Global Communication Equipment industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 2.09 is below the industry median of 2.61.
Dodge & Cox is the largest shareholder among the gurus with 1.29% of outstanding shares followed by PRIMECAP Management (Trades, Portfolio) with 0.54%, Donald Yacktman (Trades, Portfolio) with 0.46%, Ken Fisher (Trades, Portfolio) with 0.31%, First Pacific Advisors (Trades, Portfolio) with 0.26%, Yacktman Fund (Trades, Portfolio) with 0.25%, Jeremy Grantham (Trades, Portfolio) with 0.23% and Steven Romick (Trades, Portfolio) with 0.2%.
The guru reduced the holding in 3M Co. (MMM) by 7.01%. The transaction had an impact of -0.25% on the portfolio.
It is a diversified technology company that manufactures a diverse array of industrial and consumer products. Its business segments are Industrial, Safety and Graphics, Health Care, Electronics and Energy and Consumer.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of 44.75% and ROA of 15.31% are outperforming 94% of the companies in the Global Diversified Industrials industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.20 is below the industry median of 1.08.
The largest shareholder among the gurus is First Eagle Investment with 0.74% of outstanding shares followed by Grantham with 0.39%, Mairs and Power with 0.3%, Tom Gayner (Trades, Portfolio) with 0.03%, Manning & Napier Advisors Inc. with 0.02%, Greenblatt with 0.02% and Fisher with 0.01%.
The guru reduced the shares in UniFirst Corp. (UNF) by 46.13% with an impact of -0.2% on the portfolio.
The company together with its subsidiaries is engaged in designing, manufacturing, personalizing, renting, cleaning, delivering and selling uniforms and protective clothing including shirts, jackets, coveralls, lab coats and specialized protective wear.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The ROE of 9.09% and ROA of 6.92% are outperforming 57% of the companies in the Global Apparel Manufacturing industry. Financial strength has a rating of 9 out of 10 with no debts.
Chuck Royce (Trades, Portfolio) is the largest shareholder among the gurus with 3.86% of outstanding shares followed by Columbia Wanger (Trades, Portfolio) with 2.29%, Simons with 0.17% and Third Avenue Management with 0.15%.
Browne reduced the position in MRC Global Inc. (MRC) by 6.32% with an impact of -0.19% on the portfolio.
The company along with its subsidiaries is an industrial distributor of pipe, valves and fittings and related products and services to the upstream, midstream and downstream energy industries.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10. While the ROE of -10.59% is underperforming the sector, ROA of -2.99% is outperforming 54% of the companies in the Global Oil and Gas Equipment and Services industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.23 is below the industry median of 0.55.
Another notable shareholder among the gurus is Simons with 0.6% of outstanding shares followed by Arnold Schneider (Trades, Portfolio) with 0.31%, Greenblatt with 0.12%, Grantham with 0.02% and Paul Tudor Jones (Trades, Portfolio) with 0.01%.
The guru reduced the stake in Wells Fargo & Co. (WFC) by 2.69%. The trade had an impact of -0.18% on the portfolio.
The company operates as one of the largest banks in the U.S. Its business operations are split into three segments: community banking; wholesale banking; and wealth, brokerage and retirement.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10. The ROE of 10.14% and ROA of 1.15% are outperforming 63% of the companies in the Global Banks – Global industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.06 is below the industry median 2.23.
Warren Buffett (Trades, Portfolio) is the largest shareholder among the gurus with 9.6% of outstanding shares followed by Dodge & Cox with 1.42%, Barrow, Hanley, Mewhinney & Strauss with 0.69%, Chris Davis (Trades, Portfolio) with 0.51%, PRIMECAP Management with 0.37% and Fisher with 0.36%.
The investor reduced the holding in Halliburton Co. (HAL) by 1.67%. The transaction had an impact of -0.1% on the portfolio.
The company is a provider of services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data to drilling and formation evaluation.
GuruFocus gives the stock a profitability and growth rating of 3 out of 10. The ROE of -33.30% and ROA of -12.60% are underperforming 85% of the companies in the Global Oil and Gas Equipment and Services industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.19 is below the industry median 0f 0.55.
The largest shareholder among the gurus is Spiros Segalas (Trades, Portfolio) with 0.8% of outstanding shares followed by Simons with 0.34%, Nygren with 0.33%, Sarah Ketterer (Trades, Portfolio) with 0.26%, Steven Cohen (Trades, Portfolio) with 0.24%, Tweedy Browne Global Value with 0.21%, Richard Pzena (Trades, Portfolio) with 0.09% and Mario Gabelli (Trades, Portfolio) with 0.05%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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