David Rolfe (Trades, Portfolio)’s Wedgewood Partners, Inc. sold shares of the following stocks during the first quarter of 2020.
Fastenal
The firm cut its Fastenal Co. (FAST) position by 86.65%. The trade had an impact of -4.06% on the portfolio.
The supplier of supply-chain solutions has a market cap of $22.29 billion and an enterprise value of $22.83 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 31.21% and return on assets of 21.08% are outperforming 97% of companies in the industrial distribution industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 0.23 is below the industry median of 0.4.
Mairs and Power (Trades, Portfolio) is the largest guru shareholder of the company with 0.82% of outstanding shares. Other notable shareholders include Pioneer Investments (Trades, Portfolio) with 0.18% and David Rolfe (Trades, Portfolio) with 0.03%.
Booking
The firm cut the Booking Holdings Inc. (BKNG) position by 58.75%. The portfolio was impacted by -4.02%.
The online travel agency has a market cap of $56.66 billion and an enterprise value of $58.46 billion.
GuruFocus gives the company a profitability and growth rating of 10 out of 10. The return on equity of 60.87% and return on assets of 16.26% are outperforming 96% of companies in the travel and leisure industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.8 is below the industry median of 0.46.
The largest guru shareholder of the company is Dodge & Cox with 4.18% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 0.59% and First Eagle Investment (Trades, Portfolio) with 0.57%.
Apple
The firm trimmed its Apple Inc. (AAPL) holding by 35.59%. The portfolio was impacted by -3.44%.
The designer and seller of electronic devices has a market cap of $1.33 trillion and an enterprise value of 1.35 trillion.
GuruFocus gives the company a profitability and growth rating of 10 out of 10. The return on equity of 62.09% and return on assets of 17.19% are outperforming 97% of companies in the hardware industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.86 is below the industry median of 1.31.
Warren Buffett (Trades, Portfolio)’s Berkshire Hathaway is the largest guru shareholder of the company with 5.66% of outstanding shares. Other notable shareholders include Ken Fisher (Trades, Portfolio) with 0.32% and Pioneer Investments (Trades, Portfolio) with 0.16%.
Edwards Lifesciences
The firm cut its position in Edward Lifesciences Corp. (EW) by 36.59%, impacting the portfolio by -3.24%.
The designer and seller of medical devices and related equipment has a market cap of $45.15 billion and an enterprise value of $44.79 billion.
GuruFocus gives the company a profitability and growth rating of 10 out of 10. The return on equity of 29% and return on assets of 18.16% are outperforming 95% of companies in the medical devices and instruments industry. Its financial strength is rated 8 out of 10. The cash-debt ratio of 2.24 is above the industry median of 1.55.
The largest guru shareholder of the company is Frank Sands (Trades, Portfolio) with 2.08% of outstanding shares, followed by Vanguard Health Care Fund (Trades, Portfolio) with 1.36% and Pioneer Investments (Trades, Portfolio) with 0.68%.
Visa
The investment firm reduced its position in Visa Inc. (V) by 40.4%. The trade had an impact of -3.12% on the portfolio.
The company, which operates payment processor solutions, has a market cap of $403 billion and an enterprise value of $414 billion.
GuruFocus gives the company a profitability and growth rating of 10 out of 10. The return on equity of 35.91% and return on assets of 17.32% are outperforming 98% of companies in the credit services industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.68 is above the industry median of 0.26.
The largest guru shareholder of the company is Fisher with 0.92% of outstanding shares, followed by Sands with 0.66% and Buffett’s firm with 0.50%
Alphabet
The firm cut its position in Alphabet Inc. (GOOGL) by 38.13%. The trade had an impact of -2.68% on the portfolio.
The holding company has a market cap of $937 billion and an enterprise value of $836 billion.
GuruFocus gives the company a profitability and growth rating of 10 out of 10. The return on equity of 18.08% and return on assets of 13.48% are outperforming 79% of other companies in the interactive media industry. Its financial strength is rated 9 out of 10. The cash-debt ratio of 6.98 is above the industry median of 4.11.
The largest guru shareholder of the company is PRIMECAP Management (Trades, Portfolio) with 0.25% of outstanding shares, followed by Fisher with 0.22% and Sands with 0.14%.
Disclosure: I do not own any stocks mentioned.
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