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Tiziano Frateschi
Tiziano Frateschi
Articles (2298)  | Author's Website |

Richard Pzena Trims Walmart, Merck Positions

Guru's largest sales of the 4th quarter

February 12, 2020 | About:

Richard Pzena (Trades, Portfolio), leader of Pzena Investment Management LLC, sold shares of the following stocks during the fourth quarter.

Anixter International

The guru trimmed the Anixter International Inc. (NYSE:AXE) position by 95.05%. The portfolio was impacted by -0.66%.

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The distributor of network, electrical and utility power products has a market cap of $3.33 billion and an enterprise value of $4.59 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 15.46% and return on assets of 5.45% are outperforming 63% of companies in the industrial distribution industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.06 is below the industry median of 0.4.

John Rogers (Trades, Portfolio) is the largest guru shareholder with 2.09% of outstanding shares, followed by Ken Fisher (Trades, Portfolio) with 2.05% and Hotchkis & Wiley with 0.28%.

Walmart

The investor curbed the Walmart Inc. (NYSE:WMT) stake by 46.56%. The portfolio was impacted by -0.41%.

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The world’s largest retailer has a market cap of $329 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 20.34% and return on assets of 6.24% are outperforming 77% of companies in the Retail - Defense industry. Its financial strength is rated 5 out of 10.

The largest guru shareholder of the company is Bill Gates (Trades, Portfolio)’ foundation with with 0.41% of outstanding shares, followed by Fisher with 0.38% and Jim Simons (Trades, Portfolio)' Renaissance Technologies with 0.26%.

Merck

Pzena cut the Merck & Co. Inc. (NYSE:MRK) holding by 92.36%. The portfolio was impacted by -0.32%.

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The producer of pharmaceutical products has a market cap of $212 billion and an enterprise value of $230 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 11.79% and the return on assets of 11.79% are outperforming 95% of companies in the drug manufacturer industry. Its financial strength is rated 5 out of 10. The equity-asset ratio of 0.32 is below the industry median of 0.61.

The largest guru shareholder of the company is the Vanguard Health Care Fund (Trades, Portfolio) with 0.42% of outstanding shares, followed by Fisher with 0.35% and Pioneer Investments (Trades, Portfolio) with 0.32%.

Oracle

The guru curbed his Oracle Corp. (NYSE:ORCL) position by 16.46%. The trade had an impact of -0.28% on the portfolio.

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The marketer of enterprise IT solutions has a market cap of $178 billion and an enterprise value of $203 billion.

GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 49.67% and return on assets of 10.1% are outperforming 81% of companies in the software industry. Its financial strength is rated 4 out of 10 with a cash-debt ratio of 0.53.

The company's largest guru shareholders include First Eagle Investment (Trades, Portfolio) with 0.96% of outstanding shares, Barrow, Hanley, Mewhinney & Strauss with 0.70% and Fisher with 0.49%.

C&J Energy Services

The investor reduced the C&J Energy Services Inc. (NYSE:CJ) position by 19.83%. The portfolio was impacted by -0.21%.

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The oil and gas equipment and services company has a market cap of $485.95 million and an enterprise value of $394 million.

The largest guru shareholders of the company are Hotchkis & Wiley with 8.97% of outstanding shares, Simons' firm with 2.93% and Arnold Schneider (Trades, Portfolio) with 1.46%.

JPMorgan Chase

Pzena trimmed the JPMorgan Chase & Co. (NYSE:JPM) position by 13.47%. The portfolio was impacted by -0.20%.

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The financial institution has a market cap of $25 billion and an enterprise value of $543 billion.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 13.27% and return on assets of 1.35% are underperforming 74% of companies in the banks industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.79 is below the industry median of 1.19.

Other guru shareholders of the company are Warren Buffett (Trades, Portfolio) with 1.90% of outstanding shares, PRIMECAP Management (Trades, Portfolio) with 0.73% and Dodge & Cox with 0.68%.

Bank of America

The investor reduced the Bank of America Corp. (NYSE:BAC) position by 8.12%. The portfolio was impacted by -0.19%.

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The financial institution has a market cap of $308 billion and an enterprise value of $441 billion.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 9.72% and return on assets of 1.14% are outperforming 54% of companies in the banks industry. Its financial strength is rated 3 out of 10 with a cash-debt ratio of 0.64.

Buffett is the largest guru shareholder of the company with 10.31% of outstanding shares, followed by Dodge & Cox with 1.29% and PRIMECAP Management with 0.42%.

Disclosure: I do not own any stocks mentioned.

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About the author:

Tiziano Frateschi
You can read about me on www.theextraincome.info, which gives suggestions on position trading.

Visit Tiziano Frateschi's Website


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