Yacktman Asset Management's Largest 2nd-Quarter Trades

The firm releases quarterly portfolio

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Aug 10, 2017
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Yacktman Asset Management (TradesPortfolio), which is managed by Stephen Yacktman and Jason Subotky, made the following trades during the second quarter.

The firm exited its C.R. Bard Inc. (BCR, Financial) stake with an impact of -1.15% on the portfolio.

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The company manufactures medical, surgical, diagnostic and patient care devices.Â

GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity (ROE) of 33.39% and return on assets (ROA) of 10.84% are outperforming 82% of companies in the Global Medical Instruments and Supplies industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.59 is below the industry median of 1.55.

The largest shareholder among the gurus is Jim Simons (Trades, Portfolio) with 1.32% of outstanding shares, followed by Steven Cohen (Trades, Portfolio) with 0.44%, Leucadia National (Trades, Portfolio) with 0.06%, Mario Gabelli (Trades, Portfolio) with 0.04%, Joel Greenblatt (Trades, Portfolio) with 0.02% and Jeremy Grantham (Trades, Portfolio) with 0.01%.

The firm purchased a 1,344,261-share stake of Cognizant Technology Solutions Corp. (CTSH, Financial), giving it 0.87% portfolio space.

The IT company provides technology consulting, application outsourcing, systems integration, business process services and cloud services.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 18.37% and ROA of 13.73% are outperforming 76% of companies in the Global Information Technology Services industry. Financial strength has a rating of 8 out of 10. The cash-debt ratio of 4.42 is below the industry median of 7.63.

Richard Pzena (Trades, Portfolio) is the largest shareholder of the company among the gurus with 1.19% of outstanding shares, followed by Grantham with 0.74%, Pioneer Investments (Trades, Portfolio) with 0.6%, Jana Partners (Trades, Portfolio) with 0.45%, David Rolfe (Trades, Portfolio) with 0.39% and Matthews Pacific Tiger Fund (Trades, Portfolio) with 0.37%.

The Oracle Corp. (ORCL, Financial) position was reduced 11.65%, impacting the portfolio by -0.84%.

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The computer software company sells enterprise information technology solutions.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 18.85% and ROA of 7.54% are outperforming 71% of companies in the Global Software – Infrastructure industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 1.14 is above the industry median of 7.63.

First Eagle Investment (Trades, Portfolio) is the largest shareholder of the company among the gurus with 1.01% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 0.9%, First Pacific Advisors (Trades, Portfolio) with 0.52%, Hotchkis & Wiley with 0.43% and Steven Romick (Trades, Portfolio) with 0.37%.

Yacktman established a 3,846,371-share stake in Infosys Ltd. (INFY, Financial), expanding the portfolio 0.56%.

The company offers consulting, technology, outsourcing and next-generation services.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 21.02% and ROA of 17.09% are outperforming 83% of the companies in the Global Information Technology Services industry. Financial strength has a rating of 9 out of 10 with no debt.

With 1.03% of outstanding shares, Ken Fisher (Trades, Portfolio) is the company's largest guru shareholder, followed by Grantham with 0.38%, Yacktman Asset Management with 0.17%, Sarah Ketterer (Trades, Portfolio) with 0.07%, the Yacktman Fund (Trades, Portfolio) with 0.05%, the Yacktman Focused Fund (Trades, Portfolio) with 0.03% and Manning & Napier Advisors Inc. with 0.01%.

The Microsoft Corp. (MSFT, Financial) stake was reduced 8.45%, impacting the portfolio by -0.5%.

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The technology company develops a wide range of software products and services.

GuruFocus gives the company a profitability and growth rating of 9 out of 10. The ROE of 30.01% and ROA of 9.67% are outperforming 75% of companies in the Global Software – Infrastructure industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 1.54 is below the industry median of 7.63.

PRIMECAP Management (Trades, Portfolio) is the company's largest guru shareholder with 0.69% of outstanding shares, followed by Dodge & Cox with 0.55%, Andreas Halvorsen (Trades, Portfolio) with 0.38%, First Eagle Investment with 0.31% and Jeff Ubben (Trades, Portfolio) with 0.3%.

The firm reduced its PepsiCo Inc. (PEP, Financial) position by 4.77%. The transaction had an impact of -0.42% on the portfolio.

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The company manufactures a wide variety of food, snacks and beverages.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of 56.67% and ROA of 9.15% are outperforming 74% of companies in the Global Beverages - Soft Drinks industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.44 is below the industry median of 0.67.

Another notable guru shareholder is Fisher with 0.41% of outstanding shares, followed by Pioneer Investments with 0.32%, Simons with 0.3%, the Yacktman Fund with 0.25%, First Eagle Investment with 0.2% and the Yacktman Focused Fund with 0.19%.

The firm reduced its holding of Comcast Corp. (CMCSA, Financial) by 31.29%. The trade had an impact of -0.32% on the portfolio.

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The media and technology company owns Comcast Cable, E!, NBCUniversal and the NBC broadcast network.

GuruFocus gives the stock a profitability and growth rating of 9 out of 10. The ROE of 17.76% and ROA of 5.36% are outperforming 70% of companies in the Global Pay TV industry. Financial strength has a rating of 9 out of 10. The cash-debt ratio of 0.04 is below the industry median 0.41.

Dodge & Cox is the largest shareholder of the company among the gurus with 1.6% of outstanding shares, followed by First Eagle Investment with 0.66%, Steve Mandel (Trades, Portfolio) with 0.29%, Fisher with 0.29%, Hotchkis & Wiley with 0.17% and the T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.16%.

The firm added to its Twenty-First Century Fox Inc. (FOX, Financial) stake by 2.67%. The trade had an impact of 0.19% on the portfolio.

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The diversified media and entertainment company operates in various business segments, including cable network programming, TV, filmed entertainment and other, corporate and eliminations.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 21.37% and ROA of 6.18% are outperforming 73% of companies in the Global Media – Diversified industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.28 is below the industry median of 1.31.

With 2.88% of outstanding shares, Ubben is the company's largest guru shareholder, followed by Yacktman Asset Management with 1.47%, Dodge & Cox with 0.76%, the T Rowe Price Equity Income Fund with 0.63% and Seth Klarman (Trades, Portfolio) with 0.39%.

Disclosure: I do not own any shares of any stocks mentioned in this article.