Charles Brandes (Trades, Portfolio) is the chairman of Brandes Investment Partners. During the first quarter the guru sold shares in the following stocks:
The investor closed his position of Corning Inc. )GLW) with an impact of -1.69% on the portfolio.
The company is engaged in manufacturing of specialty glass and ceramics. Its segments are Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials and Life Sciences.
GuruFocus gives the stock a profitability and growth rating of 9 out of 10. The return on equity (ROE) of 22.15% and return on assets (ROA) of 14.45% are outperforming 89% of the companies in the Global Electronic Components industry. Financial strength has a rating of 7 out of 10. The cash-debt ratio of 1.24 is below the industry median of 1.55.
The largest shareholder among the gurus is Dodge & Cox with 3.4% of outstanding shares followed by HOTCHKIS & WILEY with 3.07%, PRIMECAP Management (Trades, Portfolio) with 2.04%, Mairs and Power (Trades, Portfolio) with 0.28%, Donald Yacktman (Trades, Portfolio) with 0.2% and Yacktman Fund (Trades, Portfolio) with 0.16%.
The guru reduced his shares of Tim Participacoes SA ADR (TSU) by 49.97% with an impact of -1.26% on the portfolio.
It is a holding company and through its subsidiaries offers Fixed Telephone Services, Domestic Long Distance and International Long Distance voice services, Personal Mobile Services and local voice and SCM services.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10. While the ROE of 4.53% is underperforming the sector, ROA of 2.31% is outperforming 55% of the companies in the Global Telecom Services industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.47 is above the industry median of 0.44.
Paul Singer (Trades, Portfolio) is the largest shareholder among the gurus with 1.56% of outstanding shares followed by John Paulson (Trades, Portfolio) with 1.17%, Steven Cohen (Trades, Portfolio) with 0.04% and Jim Simons (Trades, Portfolio) with 0.02%.
The investor reduced his shares of Western Digital Corp. (WDC) by 50.47% with an impact of -1.06% on the portfolio.
The company is a developer, manufacturer and provider of data storage solutions that enable consumers, businesses, governments and other organizations to create, manage, experience and preserve digital content. Its products include HDDs and SSDs.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10. The ROE of -2.34% and ROA of -0.92% are underperforming 78% of the companies in the Global Data Storage industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.43 is below the industry median of 1.55.
The largest shareholder among the gurus is John Burbank (Trades, Portfolio) with 0.62% of outstanding shares followed by First Pacific Advisors (Trades, Portfolio) with 0.59%, T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.56%, Andreas Halvorsen (Trades, Portfolio) with 0.48%, PRIMECAP Management with 0.39%, David Tepper (Trades, Portfolio) with 0.38% and Ken Heebner (Trades, Portfolio) with 0.29%.
The investor exited his stake of Copa Holdings SA Class AĂ‚ (CPA) with an impact of -0.97% on the portfolio.
It is engaged in investing in airlines and aviation-related companies. The company through its subsidiaries provides international air transportation for passengers, cargo and mail services.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of 19.45% and ROA of 8.85% are outperforming 52% of the companies in the Global Airlines industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.69 is above the industry median of 0.43.
Ron Baron (Trades, Portfolio) is another notable shareholder among the gurus with 1.25% of outstanding shares followed by Barrow, Hanley, Mewhinney & Strauss with 0.02% and Paul Tudor Jones (Trades, Portfolio) with 0.01%.
The guru reduced his shares of Mobile TeleSystems PJSC ADRĂ‚ (MBT) by 19.89% with an impact of -0.16% on the portfolio.
It is a wireless telephone operator in Russia. It provides fixed-line broadband and pay-TV services.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of 32.73% and ROA of 8.13% are outperforming 76% of the companies in the Global Telecom Services industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.10 is below the industry median of 0.44.
The largest shareholder among the gurus is Jeremy Grantham (Trades, Portfolio) with 2.06% of outstanding shares followed by Simons with 1.09%, Sarah Ketterer (Trades, Portfolio) with 0.07% and Howard Marks (Trades, Portfolio) with 0.03%.
The guru reduced his position of JPMorgan Chase & Co. (JPM) by 30.94%. The trade had an impact of -0.13% on the portfolio.
The company is a financial services firm and a banking institution. It offers investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10. The ROE of 9.50% and ROA of 103% are outperforming 55% of the companies in the Global Banks – Global industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 1.40 is below the industry median of 2.23.
Dodge & Cox is the largest shareholder among the gurus with 0.75% of outstanding shares followed by PRIMECAP Management with 0.66%, Barrow, Hanley, Mewhinney & Strauss with 0.62%, Chris Davis (Trades, Portfolio) with 0.47%, Ken Fisher (Trades, Portfolio) with 0.39% and T Rowe Price Equity Income Fund with 0.25%.
The investor reduced his holding of Bank of America Corp. (BAC) by 3.79%. The trade had an impact of -0.1% on the portfolio.
It is a bank holding and a financial holding company. Through its subsidiaries the company provides banking and nonbanking financial services and products throughout the U.S. and in selected international markets.
GuruFocus gives the stock a profitability and growth rating of 3 out of 10. The ROE of 6.37% and ROA of 0.85% are underperforming 79% of the companies in the Global Banks – Global industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.68 is below the industry median of 2.23.
The largest shareholder among the gurus is Dodge & Cox with 1.89% of outstanding shares followed by Barrow, Hanley, Mewhinney & Strauss with 0.72%, Fisher with 0.36%, HOTCHKIS & WILEY with 0.35%, First Pacific Advisors with 0.27% and Steve Mandel (Trades, Portfolio) with 0.22%.
Brandes reduced his shares of Citigroup Inc. (C) by 2.54% with an impact of -0.09% on the portfolio.
It is a financial services holding company. It provides financial products and services including consumer banking, credit cards, corporate and investment banking, securities brokerage and wealth management.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10. The ROE of 6.17% and ROA of 0.86% are underperforming 89% of the in the Global Banks - Global industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.77 is below the industry median of 2.23.
Barrow, Hanley, Mewhinney & Strauss is the largest shareholder among the gurus with 0.71% of outstanding shares followed by HOTCHKIS & WILEY with 0.59%, First Pacific Advisors with 0.41%, Diamond Hill Capital (Trades, Portfolio) with 0.35%, Bill Nygren (Trades, Portfolio) with 0.35% and Fisher with 0.3%.
The investor reduced his position of Microsoft Corp. (MSFT) by 2.78%. The trade had an impact of -0.08% on the portfolio.
It is engaged in designing, manufacturing, selling devices and online advertising. Its products include operating systems for computing devices, servers, phones and other devices.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of 25.04% and ROA of 8.58% are underperforming 75% of the companies in the Global Software – Infrastructure industry. Financial strength has a rating of 6 out of 10 with a cash-debt ratio of 1.50 that is below the industry median of 10.13.
The largest shareholder among the gurus is PRIMECAP Management with 0.69% of outstanding shares followed by Dodge & Cox with 0.55%, Jeff Ubben (Trades, Portfolio) with 0.5%, First Eagle Investment (Trades, Portfolio) with 0.31%, Halvorsen with 0.28% and Fisher with 0.24%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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