Charles de Vaulx (Trades, Portfolio), chief investment officer and portfolio manager at International Value Advisers, added five new holdings to the portfolio in the second quarter.
The guru acquired an 844,953-share holding in American Express (AXP, Financial), a financial services company based in New York City, for an average price of $63.32 per share. The deal had a 1.16% impact on the portfolio.
The holding is 0.09% of American Express’ outstanding shares and 1.16% of the guru’s total assets. Warren Buffett (Trades, Portfolio) is American Express’ leading shareholder among the gurus with a stake of 151,610,700 shares. The stake is 16.41% of American Express’ outstanding shares and 7.1% of Buffett’s total assets.
American Express has a price-earnings (P/E) ratio of 11.5, a forward P/E of 12.1, a price-book (P/B) ratio of 2.9 and a price-sales (P/S) ratio of 1.9. GuruFocus gives American Express a Financial Strength rating of 6/10 and a Profitability and Growth rating of 8/10 with return on equity (ROE) of 26.01% that is higher than 90% of the companies in the Global Credit Services industry and return on assets (ROA) of 3.54% that is higher than 60% of the companies in that industry.
American Express sold for $65.52 per share at market close Monday. The DCF Calculator gives American Express a fair value of $75.68 with a 13% margin of safety.
The guru purchased 306,800 shares of Fanuc Corp. (TSE:6954, Financial), a Japanese manufacturing and robotics company, for an average price of 16,715.8 yen ($164.08 in U.S. currency) per share. The transaction had a 1.13% impact on the portfolio.
The holding is 0.16% of Fanuc’s outstanding shares and 1.13% of the guru’s total assets. It is the largest holding among the gurus.
Fanuc has a P/E of 23.4, a forward P/E of 32.6, a P/B of 2.5 and a P/S of 5.9. GuruFocus gives Fanuc a Financial Strength rating of 10/10 with no debt and a Profitability and Growth rating of 7/10 with ROE of 10.46% that is higher than 66% of the companies in the Global Diversified Industrials industry and ROA of 9.24% that is higher than 85% of the companies in that industry.
Fanuc sold for 17,215 yen per share Monday. The DCF Calculator gives Fanuc a fair value of 8,952.02 yen.
The guru invested in 688,309 shares of Tiffany & Co. (TIF, Financial), a New York City-based retailer, for an average price of $66.57 per share. The deal had a 0.95% impact on the portfolio.
The holding is 0.55% of Tiffany’s outstanding shares and 0.95% of the guru’s total assets. First Eagle Investment (Trades, Portfolio) is Tiffany’s leading shareholder among the gurus with a stake of 3,876,154 shares. The stake is 3.1% of Tiffany’s outstanding shares and 0.6% of First Eagle’s total assets.
Tiffany has a P/E of 20.9, a forward P/E of 19.1, a P/B of 3.2 and a P/S of 2.4. GuruFocus gives Tiffany a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10 with ROE of 15.43% that is higher than 76% of the companies in the Global Luxury Goods industry and ROA of 8.70% that is higher than 80% of the companies in that industry.
Tiffany sold for $72.98 per share Monday. The DCF Calculator gives Tiffany a fair value of $38.91.
The guru purchased 148,298 shares in Raymond James Financial Inc. (RJF, Financial), a Florida-based investment services company, for an average price of $51.24 per share. The transaction had a 0.17% impact on the portfolio.
The holding is 0.1% of the company’s outstanding shares and 0.17% of the guru’s total assets. Ken Fisher (Trades, Portfolio) is Raymond James’ leading shareholder among the gurus with a stake of 1,586,375 shares. The stake is 1.12% of the company’s outstanding shares and 0.15% of Fisher’s total assets.
Raymond James has a P/E of 17.1, a forward P/E of 14.8, a P/B of 1.7 and a P/S of 1.6. GuruFocus gives Raymond James a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10 with ROE of 10.55% that is higher than 67% of the companies in the Global Capital Markets industry and ROA of 1.81% that is higher than 52% of the companies in that industry.
Raymond James sold for $57.35 per share Monday. The DCF Calculator gives Raymond James a fair value of $43.42.
The guru acquired 294,300 shares in Yokogawa Electric Corp. (TSE:6841, Financial), a Tokyo-based electrical equipment company, for an average price of 1,176.89 yen per share. The deal had a 0.07% impact on the portfolio.
The position is 0.11% of Yokogawa Electric’s outstanding shares and 0.07% of the guru’s total assets. It is the largest holding in Yokogawa Electric among the gurus.
Yokogawa Electric has a P/E of 12, a P/B of 1.5 and a P/S of 0.8. GuruFocus gives Yokogawa Electric a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10 with ROE of 12.00% that is higher than 71% of the companies in the Global Diversified Industrials industry and ROA of 6.65% that is higher than 74% of the companies in that industry.
Yokogawa Electric sold for 1,321 yen per share Monday. The DCF Calculator gives Yokogawa Electric a fair value of 1,131.16 yen.
Disclosure: I own no shares in any of the stocks mentioned in this article.
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