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David Goodloe
David Goodloe
Articles (769) 

Greenblatt Sells Stake in Twenty-First Century Fox

Guru invests in Polaris Industries and Owens-Corning in 4th quarter

Joel Greenblatt (Trades, Portfolio), founder and managing partner of Gotham Asset Management, acquired more than 200 new stakes in the fourth quarter, but it was his divestiture in Twenty-First Century Fox Inc. (NASDAQ:FOXA) that got the most attention.

Greenblatt’s most noteworthy fourth-quarter transaction was the sale of his 2,590,574-share stake in Twenty-First Century Fox, a New York-based mass media company, for an average price of $29.03 per share. The divestiture had a -0.68% impact on Greenblatt’s portfolio.

Dodge & Cox is Twenty-First Century Fox’s leading shareholder among the gurus with a stake of 46,925,807 shares. The stake is 2.45% of Twenty-First Century Fox’s outstanding shares and 1.25% of Dodge & Cox’s total assets.

Twenty-First Century Fox has a P/E of 7, a forward P/E of 12.1, a P/B of 3.5 and a P/S of 2. GuruFocus gives Twenty-First Century Fox a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.

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Twenty-First Century Fox sold for $26.58 per share Friday.

Greenblatt sold his 3,764,678-share stake in Micron Technology Inc. (NASDAQ:MU), a Boise, Idaho-based semiconductor company, for an average price of $15.97 per share. The transaction had a -0.55% impact on Greenblatt’s portfolio.

Micron Technology’s leading shareholder among the gurus is PRIMECAP Management (Trades, Portfolio) with a stake of 51,181,144 shares. The stake is 4.93% of Micron Technology’s outstanding shares and 0.74% of PRIMECAP’s total assets.

Micron Technology has a P/E of 6.2, a forward P/E of 6.9, a P/B of 1 and a P/S of 0.9. GuruFocus gives Micron Technology a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.

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Micron Technology sold for $11.20 per share Friday.

Greenblatt sold his 950,482-share stake in Fossil Group Inc. (NASDAQ:FOSL), a Richardson, Texas-based maker of watches, jewelry, sunglasses, wallets, handbags and belts, for an average price of $45.22 per share. The deal had a -0.52% impact on Greenblatt’s portfolio.

Columbia Wanger (Trades, Portfolio) is Fossil Group’s leading shareholder among the gurus with a stake of 1,534,706 shares. The stake is 3.19% of Fossil Group’s outstanding shares and 0.56% of Columbia Wanger (Trades, Portfolio)’s total assets.

Fossil Group has a P/E of 7.2, a forward P/E of 12.8, a P/B of 2.3 and a P/S of 0.7. GuruFocus gives Fossil Group a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10.

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Fossil Group sold for $44.44 per share Friday.

Greenblatt’s most significant acquisition was a 717,618-share stake in Polaris Industries Inc. (NYSE:PII), a Medina, Minnesota-based maker of snowmobiles and electric vehicles, for an average price of $105.52 per share. The deal had a 0.67% impact on Greenblatt’s portfolio.

Greenblatt’s stake is 1.09% of Polaris Industries’ outstanding shares and 0.67% of the guru’s total assets. Greenblatt is Polaris Industries’ leading shareholder among the gurus.

Polaris Industries has a P/E of 12.2, a forward P/E of 12.1, a P/B of 5.7 and a P/S of 1.2. GuruFocus gives Polaris Industries a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.

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Polaris Industries sold for $85.7 per share Friday.

Greenblatt purchased a 1,185,625-share stake in Owens-Corning Inc. (NYSE:OC), a building materials company based in Toledo, Ohio, for an average price of $46 per share. The transaction had a 0.61% impact on Greenblatt’s portfolio.

Greenblatt’s stake is 1.03% of Owens-Corning’s outstanding shares and 0.61% of Greenblatt’s total assets. Owens-Corning’s leading shareholder among the gurus is James Barrow (Trades, Portfolio) with a stake of 9,506,681 shares. The stake is 8.23% of Owens-Corning’s outstanding shares and 0.67% of Barrow’s total assets.

Owens-Corning has a P/E of 15, a forward P/E of 11.6, a P/B of 1.3 and a P/S of 0.9. GuruFocus gives Owens-Corning a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.

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Owens-Corning sold for $41.69 per share Friday.

Greenblatt bought a 2,117,548-share stake in USG Corp. (USG), a Chicago-based building products company, for an average price of $24.57 per share. The deal had a 0.56% impact on Greenblatt’s portfolio.

Greenblatt’s stake is 1.45% of USG’s outstanding shares and 0.56% of the guru’s total assets. Warren Buffett (Trades, Portfolio) is USG’s leading shareholder among the gurus with a stake of 39,002,016 shares. The stake is 26.77% of USG’s outstanding shares and 0.72% of Buffett’s total assets.

USG has a P/E of 23.3, a forward P/E of 9.9, a P/B of 2 and a P/S of 0.8. GuruFocus gives USG a Financial Strength rating of 4/10 and a Profitability and Growth rating of 3/10.

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USG sold for $19.66 per share Friday.

Greenblatt raised his existing stake in Ford Motor Co. (NYSE:F), a Dearborn, Michigan-based automaker, by more than 28,715%. The guru purchased 3,751,074 shares for an average price of $14.49 per share. The transaction had a 0.58% impact on Greenblatt’s portfolio.

Greenblatt’s stake, now 3,764,137 shares, is 0.09% of Ford’s outstanding shares and 0.58% of Greenblatt’s total assets. Ford’s leading shareholder among the gurus is James Barrow (Trades, Portfolio) with a stake of 79,002,391 shares. The stake is 1.99% of Ford’s outstanding shares and 1.66% of Barrow’s total assets.

Ford has a P/E of 6.6, a forward P/E of 5.8, a P/B of 1.7 and a P/S of 0.3. GuruFocus gives Ford a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.

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Ford sold for $12.11 per share Friday.

Greenblatt hiked his stake in Tyson Foods Inc. (NYSE:TSN), a Springdale, Arkansas-based food processing company, by more than 176%. Greenblatt acquired 985,011 shares for an average price of $48.26 per share. The deal had a 0.57% impact on Greenblatt’s portfolio.

Greenblatt’s stake, which is now 1,544,256 shares, is 0.43% of Tyson’s outstanding shares and 0.89% of Greenblatt’s total assets. Tyson’s leading shareholder among the gurus is First Eagle Investment (Trades, Portfolio) with a stake of 3,001,695 shares. The stake is 0.83% of Tyson’s outstanding shares and 0.4% of First Eagle’s total assets.

Tyson has a P/E of 18.7, a forward P/E of 15, a P/B of 2.4 and a P/S of 0.7. GuruFocus gives Tyson a Financial Strength rating of 8/10 and a Profitability and Growth rating of 6/10.

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Tyson sold for $62.95 per share Friday.

Greenblatt raised his stake in Teradyne Inc. (NASDAQ:TER), a North Reading, Massachusetts-based automatic test equipment company, by nearly 565%. Greenblatt purchased 2,404,778 shares for an average price of $19.97 per share. The transaction had a 0.54% impact on the guru’s portfolio.

Greenblatt’s stake, now 2,830,644 shares, is 1.38% of Teradyne’s outstanding shares and 0.64% of Greenblatt’s total assets. NWQ Managers (Trades, Portfolio) is Teradyne’s leading shareholder among the gurus with a stake of 6,676,048 shares. The stake is 3.25% of Teradyne’s outstanding shares and 2.14% of the guru’s total assets.

Teradyne has a P/E of 36.8, a forward P/E of 11, a P/B of 2 and a P/S of 2.5. GuruFocus gives Teradyne a Financial Strength rating of 9/10 and a Profitability and Growth rating of 7/10.

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Teradyne sold for $18.78 per share Friday.

Greenblatt trimmed his stake in Parker Hannifin Corp. (NYSE:PH), a motion and control technologies company based in Mayfield Heights, Ohio, by nearly 95%. Greenblatt sold 598,940 shares for an average price of $101.4 per share. The deal had a -0.57% impact on Greenblatt’s portfolio.

Greenblatt’s stake, which is now 34,203 shares, is 0.03% of Parker Hannifin’s outstanding shares and 0.04% of the guru’s total assets. Parker Hannifin’s leading shareholder among the gurus is Richard Pzena (Trades, Portfolio) with a stake of 3,839,731 shares. The stake is 2.82% of Parker Hannifin’s outstanding shares and 2.3% of Pzena’s total assets.

Parker Hannifin has a P/E of 15.3, a forward P/E of 15.3, a P/B of 2.8 and a P/S of 1.2. GuruFocus gives Parker Hannifin a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10.

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Parker Hannifin sold for $99.78 per share Friday.

Greenblatt sold more than 93% of his stake in Abbott Laboratories (NYSE:ABT), a Lake Bluff, Illinois-based health care company. Greenblatt sold 1,356,451 shares for an average price of $44.24 per share. The transaction had a -0.53% impact on Greenblatt’s portfolio.

Greenblatt’s remaining stake of 98,838 shares is 0.01% of Abbott’s outstanding shares and 0.05% of the guru’s total assets. Abbott’s leading shareholder among the gurus is PRIMECAP Management (Trades, Portfolio) with a stake of 16,643,039 shares. The stake is 1.12% of Abbott’s outstanding shares and 0.76% of PRIMECAP’s total assets.

Abbott has a P/E of 12.9, a forward P/E of 15.8, a P/B of 2.7 and a P/S of 2.8. GuruFocus gives Abbott a Financial Strength rating of 7/10 and a Profitability and Growth rating of 5/10.

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Abbott sold for $38.65 per share Friday.

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About the author:

David Goodloe
I'm a journalist by training. I grew up in Arkansas and earned my B.A. at the University of Arkansas. I earned my master's degree at the University of North Texas. My background includes stints at newspapers in Arkansas and Texas and teaching news writing and news editing to students at the University of Oklahoma and Richland College here in Dallas. I'm a writer/editor at GuruFocus.

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