The T Rowe Price Equity Income Fund (Trades, Portfolio) sold shares of the following stocks during its third quarter of fiscal 2020, which ended on Sept. 30.
Kimberly-Clark
The fund reduced its position in Kimberly-Clark Corp. (KMB) by 28.65%. The trade had an impact of -0.53% on the portfolio.
The company, which manufactures personal care and tissue products, has a market cap of $50.65 billion and an enterprise value of $57.50 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on assets of 16.51% are outperforming 94% of companies in the consumer packaged goods industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.18 is far below the industry median of 0.46.
The largest guru shareholder of the stock is Diamond Hill Capital (Trades, Portfolio) with 0.55% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 0.43% and Jim Simons (Trades, Portfolio)' Renaissance Technologies with 0.17%.
JPMorgan Chase
The fund's JPMorgan Chase & Co. (JPM) position was trimmed by 36.17% The portfolio was impacted by -0.51%.
The U.S. financial institution has a market cap of $305.95 billion and an enterprise value of $207.30 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 9% and return on assets of 0.85% are outperforming 55% of companies in the banks industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 1.52 is above the industry median of 1.38.
The largest guru shareholder is Warren Buffett (Trades, Portfolio)'s Berkshire Hathaway with 0.73% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 0.57% and Dodge & Cox with 0.42%.
TC Energy
The guru's fund curbed its position in TC Energy Corp. (TRP) by 25.38%. The portfolio was impacted by -0.41%.
The energy infrastructure company has a market cap of $40.23 billion and an enterprise value of $85.19 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 13.95% and return on assets of 4.4% are outperforming 83% of companies in the oil and gas industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.03 is far below the industry median of 0.37.
The largest guru shareholder is T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.42% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 0.05%.
CenterPoint Energy
The fund closed its CenterPoint Energy Inc. (CNP) holding, impacting the portfolio by -0.38%.
The company has a market cap of $11.63 billion and an enterprise value of $26.03 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of -9.92% and return on assets of -1.96% are underperforming 93% of companies in the utilities, regulated industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.07 is below the industry median of 0.23.
Other notable guru shareholders include Pioneer Investments (Trades, Portfolio) with 0.73% of outstanding shares and NWQ Managers (Trades, Portfolio) with 0.28%.
Emerson Electric
The investment fund curbed its holding of Emerson Electric Co. (EMR) by 51.3%. The portfolio was impacted by -0.35%.
The multi-industrial conglomerate has a market cap of $41.83 billion and an enterprise value of $46.65 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 24.03% and return on assets of 9.21% are outperforming 89% of companies in the industrial products industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.34 is below the industry median of 0.97.
The largest guru shareholder of the company is Barrow, Hanley, Mewhinney & Strauss with 0.35% of outstanding shares, followed by David Tepper (Trades, Portfolio) with 0.23% and Pioneer Investments (Trades, Portfolio) with 0.17%.
Qualcomm
The investment fund trimmed its Qualcomm Inc. (QCOM) position by 10.85%. The trade had an impact of -0.34% on the portfolio.
The company, which develops and licenses wireless technology, has a market cap of $144.76 billion and an enterprise value of $150.08 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 64.61% and return on assets of 8.34% are outperforming 78% of companies in the semiconductors industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.67 is below the industry median of 1.43.
The largest guru shareholder of the company is PRIMECAP Management (Trades, Portfolio) with 1.88% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 0.30%.
Disclosure: I do not own any stocks mentioned.
Read more here:
- 5 Stocks Growing Their Book Value
- 5 Tech Stocks Trading With Low Price-Earnings Ratios
- 5 Utilities Trading With Low Price-Sales Ratios
Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here.
