The Davis Funds'Â Chris Davis (Trades, Portfolio) traded the following stocks during the second quarter:
The investor reduced his holding of Monsanto Co. (MON, Financial) by 91.71%. The transaction had an impact of -2.3% on the portfolio.
The chemical company has morphed into an agricultural giant, focusing on seeds and crop protection products.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity (ROE) of 39.23% and return on assets (ROA) of 9.84% are outperforming 84% of companies in the Global Agricultural Inputs industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.16 is below the industry median of 0.36.
The largest shareholder among the guru is PRIMECAP Management (Trades, Portfolio) with 2.53% of outstanding shares, followed by Warren Buffett (Trades, Portfolio) with 1.83%, Jeremy Grantham (Trades, Portfolio) with 0.59%, Manning & Napier Advisors Inc. with 0.49%, Jim Simons (Trades, Portfolio) with 0.32%, Paul Singer (Trades, Portfolio) with 0.1% and Steven Cohen (Trades, Portfolio) with 0.1%.
Davis boosted his Capital One Financial Corp. (COF, Financial) stake by 112.84% with an impact of 1.54% on the portfolio.
The company markets financial products and services through its banking and non-banking subsidiaries.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10. The ROE of 7% and ROA of 1.05% are underperforming 66% of companies in the Global Credit Services industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.14 is below the industry median of 1.44.
Dodge & Cox is the company's largest shareholder among the gurus with 9.22% of outstanding shares, followed by Davis with 1.67%, Hotchkis & Wiley with 1.12%, Bill Nygren (Trades, Portfolio) with 0.92% and Richard Pzena (Trades, Portfolio) with 0.84%.
The guru’s FedEx Corp. (FDX, Financial) stake was increased 265.45%, expanding the portfolio by 1.16%.
The company provides courier services through various divisions, which include express, ground, office, freight, cross border, trade networks and supply chain.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of 20.32% and ROA of 6.43% are outperforming 82% of companies in the Global Integrated Shipping and Logistics industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.27 is below the industry median of 0.31.
With 5.86% of outstanding shares, PRIMECAP Management is the company's largest guru shareholder, followed by Dodge & Cox with 4.28%, Mason Hawkins (Trades, Portfolio) with 2.1%, Bill Gates (Trades, Portfolio) with 1.13%, Nygren with 0.74% and Spiros Segalas (Trades, Portfolio) with 0.71%.
The guru reduced his Amazon.com Inc. (AMZN, Financial) stake by 10.27%. The transaction had an impact of -0.68% on the portfolio.
The online retailer sells products through its website. It also sells Kindle e-readers and Fire tablets.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 9.76% and ROA of 2.47% are outperforming 55% of companies in the Global Specialty Retail industry. Financial strength has a rating of 7 out of 10. The cash-debt ratio of 2.79 is above the industry median of 0.95.
The largest shareholder of the company among the gurus is Frank Sands (Trades, Portfolio) with 0.45% of outstanding shares, followed by Ken Fisher (Trades, Portfolio) with 0.35%, Segalas with 0.29%, Chase Coleman (Trades, Portfolio) with 0.28% and Andreas Halvorsen (Trades, Portfolio) with 0.23%.
Davis reduced his JPMorgan Chase & Co. (JPM, Financial) position by 11.57% with an impact of -0.67% on the portfolio.
The bank is engaged in investment banking, commercial banking, treasury and securities services, asset management, retail financial services and credit card businesses.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The ROE of 9.79% and ROA of 1.05% are outperforming 57% of the companies in the Global Banks – Global industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 1.30 is below the industry median of 2.09.
Dodge & Cox is the company's largest shareholder among the gurus with 0.75% of outstanding shares, followed by PRIMECAP Management with 0.66%, Barrow, Hanley, Mewhinney & Strauss with 0.58%, T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.25%, Pioneer Investments (Trades, Portfolio) with 0.2% and Fisher with 0.2%.
The investor reduced his stake in Visa Inc.. (V, Financial) by 24.81% with an impact of -0.39% on the portfolio.
The payments company enables consumers, businesses, banks and governments to use fast, secure and reliable digital currency.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 20.26% and ROA of -10.19% are outperforming 71% of companies in the Global Credit Services industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.64 is below the industry median of 1.44.
The company's largest guru shareholder is Sands with 1.3% of outstanding shares, followed by Fisher with 0.68%, Buffett with 0.46%, Segalas with 0.4%, Steve Mandel (Trades, Portfolio) with 0.27%, PRIMECAP Management with 0.25%, Nygren with 0.22% and Chuck Akre (Trades, Portfolio) with 0.21%.
The guru’s holding of UnitedHealth Group Inc. (UNH, Financial) was reduced by 13.05%. The transaction had an impact of -0.27% on the portfolio.
The diversified health care company designs products, provides services and applies technologies that improve access to health and well-being services, making health care more affordable.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The ROE of 20.54% and ROA of 6.32% are outperforming 64% of the companies in the Global Health Care Plans industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.56 is below the industry median 1.38.
The Vanguard Health Care Fund (Trades, Portfolio) is the largest guru shareholder of the company with 1.46% of outstanding shares, followed by Dodge & Cox with 1.05%, Halvorsen with 0.37%, Grantham with 0.36%, Davis with 0.26%, Nygren with 0.23% and Barrow, Hanley, Mewhinney & Strauss with 0.17%.
The investor reduced his position in The Priceline Group Inc. (PCLN) by 25.11%. The trade had an impact of -0.23% on the portfolio.
The online travel agency offers booking services for hotel and vacation rooms, airline tickets, rental cars, restaurant reservations, cruises and other vacation packages.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The ROE of 22.96% and ROA of -11.22% are outperforming 88% of companies in the Global Leisure industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.75 is above the industry median of 0.69.
The largest shareholder of the company among the gurus is Sands with 2.45% of outstanding shares, followed by Coleman with 2.16%, Dodge & Cox with 1.67%, Segalas with 0.67%, Mandel with 0.61% and Simons with 0.41%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
