Mason Hawkins (Trades, Portfolio), chairman and CEO of Southeastern Asset Management since 1975, made his largest fourth-quarter transactions in the form of divestitures. The guru sold three existing stakes in his portfolio in the quarter.
Hawkins sold his 19,933,835-share stake in Loews Corp. (L, Financial), a New York-based conglomerate involved in insurance, hotels, oil drilling and pipeline transport, for an average price of $37.29 per share. The deal had a -6.08% impact on Hawkins’ portfolio.
T Rowe Price Equity Income Fund (Trades, Portfolio) is Loews’ largest shareholder among the gurus with a stake of 7,375,000 shares. The stake is 2.18% of Loews’ outstanding shares and 1.28% of the guru’s total assets.
Loews has a P/E of 54.5, a forward P/E of 11.6, a P/B of 0.7 and a P/S of 1. GuruFocus gives Loews a Financial Strength rating of 5/10 and a Profitability and Growth rating of 7/10.
Loews sold for $36.16 per share Wednesday.
Hawkins sold his 6,713,293-share stake in Murphy Oil Corp. (MUR, Financial), an oil and gas company based in El Dorado, Arkansas, for an average price of $27.01 per share. The transaction had a -1.37% impact on Hawkins’ portfolio.
Murphy Oil’s leading shareholder among the gurus is HOTCHKIS & WILEY with a stake of 10,386,290 shares. The stake is 6.04% of Murphy Oil’s outstanding shares and 0.95% of the guru’s total assets.
Murphy Oil has a P/B of 0.5 and a P/S of 0.9. GuruFocus gives Murphy Oil a Financial Strength rating of 6/10 and a Profitability and Growth rating of 4/10.
Murphy Oil sold for $16.75 per share Wednesday.
Hawkins sold his 3,788,979-share stake in Empire State Realty Trust Inc. (ESRT, Financial), a New York-based REIT, for an average price of $17.97 per share. The divestiture had a -0.54% impact on Hawkins’ portfolio.
Jim Simons (Trades, Portfolio) is Empire State Realty Trust’s leading shareholder among the gurus with 1,281,800 shares in his portfolio. The stake is 0.47% of Empire State Realty Trust’s outstanding shares and 0.05% of Simons’ total assets.
Empire State Realty Trust has a P/E of 57.3, a P/B of 3 and a P/S of 6.2. GuruFocus gives Empire State Realty Trust a Financial Strength rating of 7/10 and a Profitability and Growth rating of 4/10.
Empire State Realty Trust sold for $15.68 per share Wednesday.
Hawkins trimmed his stake in McDonald’s Corp. (MCD, Financial), a fast food hamburger chain based in Oak Brook, Illinois, by more than 85%. Hawkins sold 7,187,740 shares for an average price of $112.16 per share. The transaction had a -5.98% impact on Hawkins’ portfolio.
Hawkins’ remaining stake of 1,253,292 shares is 0.14% of McDonald’s outstanding shares and 1.34% of Hawkins’ total assets. First Eagle Investment (Trades, Portfolio) is McDonald’s leading shareholder among the gurus with 2,886,125 shares in its portfolio. The stake is 0.31% of McDonald’s outstanding shares and 0.85% of the guru’s total assets.
McDonald’s has a P/E of 24.3, a forward P/E of 19.2, a P/B of 12.8 and a P/S of 4.3. GuruFocus gives McDonald’s a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10.
McDonald’s sold for $117.03 per share Wednesday.
Hawkins sold nearly 19% of his stake in Level 3 Communications Inc. (LVLT, Financial), a Broomfield, Colorado-based telecommunications company. The guru sold 7,562,590 shares for an average price of $50.24 per share. The deal had a -2.79% impact on Hawkins’ portfolio.
Hawkins’ remaining stake of 32,931,724 shares is 9.24% of Level 3’s outstanding shares and 16.21% of the guru’s total assets. Hawkins is Level 3’s leading shareholder among the gurus.
Level 3 has a P/E of 5, a forward P/E of 20.7, a P/B of 1.7 and a P/S of 2. GuruFocus gives Level 3 a Financial Strength rating of 6/10 and a Profitability and Growth rating of 4/10.
Level 3 sold for $48.56 per share Wednesday.
Hawkins reduced his stake in Aon PLC (AON, Financial), a London-based professional services company, by more than 21%, selling 1,981,357 shares for an average price of $93.23 per share. The transaction had a -1.48% impact on Hawkins’ portfolio.
The guru’s remaining stake of 7,258,081 shares is 2.69% of Aon’s outstanding shares and 6.06% of Hawkins’ total assets. Aon’s leading shareholder among the gurus is First Pacific Advisors (Trades, Portfolio) with a stake of 7,588,070 shares. The stake is 2.81% of Aon’s outstanding shares and 6.24% of the guru’s total assets.
Aon has a P/E of 19.3, a forward P/E of 13, a P/B of 4.2 and a P/S of 2.3. GuruFocus gives Aon a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
Aon sold for $94.96 per share Wednesday.
Hawkins pared his stake in Rayonier Inc. (RYN, Financial), a timber company based in Jacksonville, Florida, by nearly 27%. Hawkins sold 2,969,900 shares for an average price of $23.2 per share. The deal had a -0.55% impact on Hawkins’ portfolio.
The remaining stake of 8,092,321 shares is 6.54% of Rayonier’s outstanding shares and 1.63% of Hawkins’ total assets. Hawkins is Rayonier’s leading shareholder among the gurus.
Rayonier has a P/E of 59.8, a forward P/E of 43.1, a P/B of 2.1 and a P/S of 5.1. GuruFocus gives Rayonier a Financial Strength rating of 7/10 and a Profitability and Growth rating of 5/10.
Rayonier sold for $22.17 per share Wednesday.
Hawkins raised his stake in United Technologies Corp. (UTX, Financial), a Farmington, Connecticut-based technology conglomerate, by nearly 395%. Hawkins purchased 4,359,701 shares for an average price of $96.29 per share. The transaction had a 3.79% impact on Hawkins’ portfolio.
Hawkins’ stake, now 5,463,801 shares, is 0.65% of United Technologies’ outstanding shares and 4.75% of Hawkins’ total assets. James Barrow (Trades, Portfolio) is the company’s leading shareholder among the gurus with a stake of 13,627,567 shares. The stake is 1.63% of United Technologies’ outstanding shares and 1.95% of Barrow’s total assets.
United Technologies has a P/E of 10.9, a forward P/E of 13.1, a P/B of 3 and a P/S of 1.4. GuruFocus gives United Technologies a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.
United Technologies sold for $93.67 per share Wednesday.
Hawkins boosted his stake in National Oilwell Varco Inc. (NOV, Financial), an oilfield services and equipment company based in Houston, by more than 209%. Hawkins acquired 7,309,946 shares for an average price of $37.16 per share. The deal had a 2.22% impact on Hawkins’ portfolio.
Hawkins’ stake, now 10,804,789 shares, is 2.88% of National Oilwell Varco’s outstanding shares and 3.28% of Hawkins’ total assets. The company’s leading shareholder among the gurus is Dodge & Cox with a stake of 21,275,670 shares. The stake is 5.66% of the company’s outstanding shares and 0.7% of the guru’s total assets.
National Oilwell Varco has a forward P/E of 52.9, a P/B of 0.7 and a P/S of 0.8. GuruFocus gives National Oilwell Varco a Financial Strength rating of 4/10 and a Profitability and Growth rating of 7/10.
National Oilwell Varco sold for $28.21 per share Wednesday.
Hawkins purchased no new stakes in the fourth quarter.
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