Diamond Hill Capital (Trades, Portfolio) reduced more than four dozen of its holdings in the fourth quarter. Most of those reductions were modest, but some were substantial.
Diamond Hill trimmed its stake in Prudential Financial Inc. (PRU, Financial), a Newark, New Jersey-based financial services company, by more than 75%, selling 1,940,416 shares for an average price of $82.81 per share. The transaction had a -1.02% impact on Diamond Hill’s portfolio.
Diamond Hill’s stake in Prudential is now 637,133 shares, which is 0.14% of Prudential’s outstanding shares and 0.34% of Diamond Hill’s total assets. Prudential’s leading shareholder among the gurus is Sarah Ketterer (Trades, Portfolio) with 1,595,608 shares. The stake is 0.36% of Prudential’s outstanding shares and 3.01% of Ketterer’s total assets.
Prudential has a P/E of 8.5, a forward P/E of 5.9, a P/B of 0.7 and a P/S of 0.5. GuruFocus gives Prudential a Financial Strength rating of 5/10 and a Profitability and Growth rating of 7/10.
Prudential sold for $64.03 per share Wednesday.
Diamond Hill pared its stake in Microsoft Corp. (MSFT, Financial), a Redmond, Washington-based consumer electronics company, by more than 46%. Diamond Hill sold 3,135,216 shares for an average price of $52.81 per share. The deal had a -0.96% impact on Diamond Hill’s portfolio.
Diamond Hill’s stake in Microsoft is now 3,578,622 shares – 0.05% of Microsoft’s outstanding shares and 1.32% of Diamond Hill’s total assets. Jeff Ubben (Trades, Portfolio) is Microsoft’s leading shareholder among the gurus with a stake of 75,273,091 shares. The stake is 0.95% of Microsoft’s outstanding shares and 19.37% of Ubben’s total assets.
Microsoft has a P/E of 35.7, a forward P/E of 15.5, a P/B of 5.2 and a P/S of 4.6. GuruFocus gives Microsoft a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10.
Microsoft sold for $49.70 per share Wednesday.
Diamond Hill trimmed its stake in American International Group Inc. (AIG, Financial), a New York-based insurance and financial services company, by more than 26%. Diamond Hill sold 1,508,564 shares for an average price of $61.09 per share. The transaction had a -0.59% impact on Diamond Hill’s portfolio.
The sale left Diamond Hill with a stake of 4,239,447 shares, which is 0.34% of American International Group’s outstanding shares and 1.75% of Diamond Hill’s total assets. American International Group’s leading shareholder among the gurus is HOTCHKIS & WILEY with a stake of 16,815,934 shares. HOTCHKIS & WILEY’s stake is 1.36% of American International Group’s outstanding shares and 3.83% of the guru’s total assets.
American International Group has a P/E of 15.7, a forward P/E of 8.9, a P/B of 0.7 and a P/S of 1.2. GuruFocus gives American International Group a Financial Strength rating of 6/10 and a Profitability and Growth rating of 4/10.
American International Group sold for $52.60 per share Wednesday.
Diamond Hill shaved more than 43% of its stake in PNC Financial Services Group Inc. (PNC, Financial), a Pittsburgh-based financial services company. The guru sold 961,502 shares for an average price of $93 per share. The deal had a -0.59% impact on Diamond Hill’s portfolio.
Diamond Hill’s stake in PNC Financial is now 1,257,506 shares – 0.25% of PNC Financial’s outstanding shares and 0.8% of Diamond Hill’s total assets. PNC Financial’s leading shareholder among the gurus is James Barrow (Trades, Portfolio) with a stake of 19,065,699 shares. The stake is 3.75% of PNC Financial’s outstanding shares and 2.71% of Barrow’s total assets.
PNC Financial has a P/E of 11.1, a forward P/E of 10.2, a P/B of 0.9 and a P/S of 2.8. GuruFocus gives PNC Financial a Financial Strength rating of 4/10 and a Profitability and Growth rating of 5/10.
PNC Financial sold for $81.65 per share Wednesday.
Diamond Hill reduced its stake in Vantiv Inc. (VNTV, Financial), a Cincinnati-based payment processing company, by more than 22%. Diamond Hill sold 1,248,588 shares for an average price of $49.38 per share, leaving the guru with a stake of 4,304,996 shares. The transaction had a -0.39% impact on Diamond Hill’s portfolio.
Diamond Hill’s current stake is 2.32% of Vantiv’s outstanding shares and 1.36% of Diamond Hill’s total assets. Diamond Hill is Vantiv’s leading shareholder among the gurus.
Vantiv has a P/E of 47.1, a forward P/E of 15.4, a P/B of 7 and a P/S of 3. GuruFocus gives Vantiv a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.
Vantiv sold for $45.98 per share Wednesday.
Diamond Hill slashed its stake in Devon Energy Corp. (DVN, Financial), an Oklahoma City-based oil and gas company, by more than 76%. Diamond Hill sold 1,047,996 shares for an average price of $41.03 per share. The deal had a -0.27% impact on Diamond Hill’s portfolio.
Diamond Hill’s remaining stake in Devon is 329,489 shares, 0.08% of Devon’s outstanding shares and 0.07% of Diamond Hill’s total assets. First Eagle Investment (Trades, Portfolio) is Devon’s leading shareholder among the gurus with 9,649,583 shares. First Eagle’s stake is 2.35% of Devon’s outstanding shares and 0.9% of the guru’s total assets.
Devon has a forward P/E of 27.4, a P/B of 0.8 and a P/S of 0.6. GuruFocus gives Devon a Financial Strength rating of 5/10 and a Profitability and Growth rating of 7/10.
Devon sold for $21.65 per share.
Diamond Hill trimmed its stake in Juniper Networks Inc. (JNPR, Financial), a Sunnyvale, California-based networking equipment company, by nearly 19%. Diamond Hill sold 1,325,021 shares for an average price of $29.64 per share. The transaction had a -0.24% impact on Diamond Hill’s portfolio.
Diamond Hill’s stake in Juniper Networks is now 5,776,762 shares, which is 1.5% of Juniper Networks’ outstanding shares and 1.06% of Diamond Hill’s total assets. Juniper Networks’ leading shareholder among the gurus is Dodge & Cox with 20,729,659 shares. The stake is 5.37% of Juniper Networks’ outstanding shares and 0.54% of Dodge & Cox’s total assets.
Juniper Networks has a forward P/E of 9.4, a P/B of 1.9 and a P/S of 1.9. GuruFocus gives Juniper Networks a Financial Strength rating of 5/10 and a Profitability and Growth rating of 7/10.
Juniper Networks sold for $21.64 per share Wednesday.
Diamond Hill cut its stake in Goodyear Tire & Rubber Co. (GT, Financial), an Akron, Ohio-based tire company, by more than 18%. The guru sold 1,079,750 shares for an average price of $32.87 per share. The deal had a -0.22% impact on Diamond Hill’s portfolio.
Diamond Hill’s stake in Goodyear is now 4,858,517 shares. Diamond Hill is Goodyear’s leading shareholder among the gurus.
Goodyear has a P/E of 2.9, a forward P/E of 7.2, a P/B of 1.8 and a P/S of 0.5. GuruFocus gives Goodyear a Financial Strength rating of 7/10 and a Profitability and Growth rating of 5/10.
Goodyear sold for $28.88 per share Wednesday.
Diamond Hill reduced its stake in Alphabet Inc. (GOOGL, Financial), the Mountain View, California-based parent company of Google, by more than 10%. Diamond Hill sold 47,940 shares for an average price of $742.51 per share. The deal had a -0.21% impact on Diamond Hill’s portfolio.
Diamond Hill’s stake in Alphabet is now 422,126 shares – 0.06% of Alphabet’s outstanding shares and 2.18% of Diamond Hill’s total assets. PRIMECAP Management (Trades, Portfolio) is Alphabet’s leading shareholder among the gurus with 2,594,554 shares, which is 0.38% of Alphabet’s outstanding shares and 1.84% of PRIMECAP’s total assets.
Alphabet has a P/E of 30.5, a forward P/E of 17.9, a P/B of 4.1 and a P/S of 7.2. GuruFocus gives Alphabet a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10.
Alphabet sold for $708.03 per share Wednesday.
Diamond Hill trimmed its stake in Kimberly-Clark Corp. (KMB, Financial), an Irving, Texas-based personal care company that makes primarily paper products, by nearly 10%. The guru sold 230,625 shares for an average price of $120.33 per share. The transaction had a -0.17% impact on Diamond Hill’s portfolio.
Diamond Hill’s stake in Kimberly-Clark is now 2,118,999 shares, which is 0.58% of Kimberly-Clark’s outstanding shares and 1.79% of Diamond Hill’s total assets. Diamond Hill is Kimberly-Clark’s leading shareholder among the gurus.
Kimberly-Clark has a P/E of 80.3, a forward P/E of 19.9 and a P/S of 2.5. GuruFocus gives Kimberly-Clark a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
Kimberly-Clark sold for $129.79 per share Wednesday.
To view the portfolios of more gurus, visit the List of Gurus page. Not a premium member of GuruFocus? Try it free for 7 days.
