International Value Advisers’ Charles de Vaulx (Trades, Portfolio) disclosed the IVA Worldwide Fund’s third-quarter portfolio this week, listing three new positions.
The fund invests in a range of securities from around the world to achieve long-term growth of capital. Managing a portfolio of 79 stocks, de Vaulx and his team invest largely in the financial services and industrials sectors.
The guru invested in WPP PLC (LSE:WPP, Financial), Astronics Corp. (ATRO, Financial) and First Resources Ltd. (SGX:EB5, Financial).
WPP
De Vaulx purchased 1.9 million shares of WPP for an average price of 15 pounds ($20.20) per share, giving it 0.87% portfolio space.
The British advertising and public relations agency has a market cap of 16.55 billion pounds; its shares were trading around 13.07 pounds on Nov. 30 with a price-earnings (P/E) ratio of 9.62, a price-book (P/B) ratio of 1.86 and a price-sales (P/S) ratio of 1.18.
The Peter Lynch chart below shows the stock is trading below its fair value.
GuruFocus ranked WPP’s financial strength 5 of 10 and its profitability and growth 8 of 10. The company’s trailing dividend yield is 4.57% and its forward dividend yield is 3.47%. The dividend payout ratio is 42%.
Of the four gurus invested in WPP, David Herro (Trades, Portfolio) has the largest holding with 3.85% of outstanding shares. Steven Romick (Trades, Portfolio) and the IVA International Fund (Trades, Portfolio) also own the stock.
Astronics
The investor bought 250,662 shares of Astronics for an average price of $28.19 per share, expanding the portfolio 0.18%.
The New York-based aerospace and defense company has a market cap of $1.14 billion; its shares were trading around $40.67 on Friday with a P/E ratio of 34.48, a P.B ratio of 3.45 and a P/S ratio of 1.98.
According to the Peter Lynch chart below, the stock is trading above its fair value.
GuruFocus ranked Astronics’ financial strength 6 of 10 and its profitability and growth 8 of 10. The company does not currently pay a dividend.
With this transaction, de Vaulx became the company’s largest guru shareholder with 0.9% of outstanding shares. Chuck Royce (Trades, Portfolio), Jim Simons (Trades, Portfolio) and Mario Gabelli (Trades, Portfolio) are also shareholders.
First Resources
The guru invested in 309,600 shares of First Resources for an average price of 1.87 Singapore dollars ($1.39) per share, impacting the portfolio 0.01%.
The Singapore-based producer of palm oil has a market cap of S$2.96 billion; its shares were trading around S$1.87 on Nov. 30 with a P/E ratio of 13.36, a P/B ratio of 2.34 and a P/S ratio of 3.30.
Based on the Peter Lynch chart below, the stock appears to be trading below its fair value.
GuruFocus ranked First Resources’ financial strength 6 of 10 and its profitability and growth 8 of 10. The company’s trailing dividend yield is 1.94% and its forward dividend yield is 1.34%. The payout ratio is 26%.
With 2.68% of outstanding shares, the IVA International Fund (Trades, Portfolio) is the company’s largest guru shareholder.
During the quarter, de Vaulx also added to the Allied Irish Banks PLC (LSE:ALBK, Financial) and Bayerische Motoren Werke AG (XTER:BMW, Financial) holdings.
Disclosure: I do not own any stocks mentioned.
