Dreman Value Management founder David Dreman (Trades, Portfolio) exited or reduced his positions in the following stocks during the third quarter:
Dreman exited his Quanta Services Inc. (PWR, Financial) position with an impact of -0.77% on the portfolio.
The company provides specialty contracting services and infrastructure solutions to the electric power and oil and gas industries.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. While the return on equity (ROE) of 3.21% is underperforming the sector, the return on assets (ROA) of 4.99% is outperforming 61% of companies in the Global Engineering and Construction industry. Financial strength has a rating of 7 out of 10. The cash-debt ratio of 0.21 is below the industry median of 0.92.
The largest shareholder among the gurus is Jim Simons (Trades, Portfolio) with 0.52% of outstanding shares, followed by Chris Davis (Trades, Portfolio) with 0.32%, the T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.17%, PRIMECAP Management (Trades, Portfolio) with 0.01%, Richard Pzena (Trades, Portfolio) with 0.01% and Michael Price (Trades, Portfolio) with 0.01%.
The guru closed his position in Total SA ADRÂ (TOT, Financial). The transaction had an impact of -0.62% on the portfolio.
The integrated oil and gas company produces and refines oil and gas and related products.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The ROE of 7.31% and ROA of 3.21% are outperforming 64% of companies in the Global Oil and Gas Integrated industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.59 is above the industry median of 0.38
The T Rowe Price Equity Income Fund is the company largest shareholder among the gurus with 0.33% of outstanding shares, followed by Charles Brandes (Trades, Portfolio) with 0.03% and Tweedy Browne (Trades, Portfolio) with 0.01%.
The PNC Financial Services Group Inc. (PNC, Financial) holding was reduced by 39.71%, impacting the portfolio -0.58%.
The financial services company offers retail banking, corporate and institutional banking, asset management and residential mortgage banking.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. While the ROE of 8.49% is underperforming the sector, the ROA of 1.13% is outperforming 64% of companies in the Global Banks - Regional - U.S. industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.49 is below the industry median of 2.09.
Barrow, Hanley, Mewhinney & Strauss is the company's largest guru shareholder with 0.48% of outstanding shares, followed by David Tepper (Trades, Portfolio) with 0.37%, Pioneer Investments (Trades, Portfolio) with 0.36%, Diamond Hill Capital (Trades, Portfolio) with 0.33%, Brandes with 0.23% and Mario Gabelli (Trades, Portfolio) with 0.17%.
Dreman reduced his holding of KeyCorp (KEY, Financial) by 44.68%. The trade had an impact of -0.47% on the portfolio.
The financial services company offers retail and commercial banking, investment management and consumer finance services.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The ROE of 7.45% and ROA of 0.88% are underperforming 67% of companies in the Global Banks - Regional - U.S. industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.04 is below the industry median of 2.09.
The company's largest shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with 2.03% of outstanding shares, followed by the T Rowe Price Equity Income Fund with 0.84%, Pzena with 0.63%, Simons with 0.4%, Pioneer Investments with 0.29% and Third Avenue Management (Trades, Portfolio) with 0.08%.
The guru’s Bank of America Corp. (BAC, Financial) stake was reduced 28.01%, impacting the portfolio -0.42%.
The bank provides financial products and services to people, companies and institutional investors.
GuruFocus gives the company a profitability and growth rating of 2 out of 10. The ROE of 6.72% and ROA of 0.89% are underperforming 67% of companies in the Global Banks – Global industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.65 is below the industry median of 2.09.
Dodge & Cox is the company's largest guru shareholder with 1.73% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 0.63%, Hotchkis & Wiley with 0.29%, First Pacific Advisors (Trades, Portfolio) with 0.26% and Pzena with 0.21%.
Dreman reduced his Apple Inc. (AAPL) position by 26.96%. The transaction had an impact of -0.39% on the portfolio.
The technology company manufactures mobile communication and media devices, personal computers and portable digital music players.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 35.68% and ROA of 14.24% are outperforming 94% of companies in the Global Consumer Electronics industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.71 is below the industry median of 1.52.
With 2.52% of outstanding shares, the company's largest guru shareholder is Warren Buffett (Trades, Portfolio), Â followed by Spiros Segalas (Trades, Portfolio) with 0.21%, Ken Fisher (Trades, Portfolio) with 0.2%, Pioneer Investments with 0.18%, Jeremy Grantham (Trades, Portfolio) with 0.09% and David Einhorn (Trades, Portfolio) with 0.08%.
The guru exited his The Travelers Companies Inc. (TRV, Financial) position. The trade had an impact of -0.38% on the portfolio.
The property and casualty insurance company's operations are divided into three segments: Business and International Insurance, Bond and Specialty Insurance and Personal Insurance.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The ROE of 11.89% and ROA of 2.82% are outperforming 61% of companies in the Global Insurance - Property and Casualty industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.05 is below the industry median 2.41.
Hotchkis & Wiley is the company's largest shareholder among the gurus with 0.84% of outstanding shares, followed by Mairs and Power (Trades, Portfolio) with 0.2%, First Eagle Investment (Trades, Portfolio) with 0.17%, PRIMECAP Management with 0.15% and Tom Gayner (Trades, Portfolio) with 0.11%.
The investor cut his General Motors Co. (GM, Financial) position by 99.07%, impact the portfolio -0.38%.
The auto manufacturer designs, builds and sells cars, trucks and automobile parts. It also provides automotive financing services.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The ROE of 19.84% and ROA of 3.96% are outperforming 55% of companies in the Global Auto Manufacturers industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.29 is below the industry median of 0.59.
With 4.12% of outstanding shares, Buffett is the company's largest guru shareholder, followed by Einhorn with 3.76%, Hotchkis & Wiley with 0.63%, Bill Nygren (Trades, Portfolio) with 0.47%, Grantham with 0.2% and NWQ Managers (Trades, Portfolio) with 0.15%.
Dreman curbed his Twenty-First Century Fox Inc. (FOXA, Financial) stake by 92.52%. The trade had an impact of -0.38% on the portfolio.
The diversified media and entertainment companyoperates in various business segments, including cable network programming, television and other filmed entertainment.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 20.30% and ROA of 123.23% 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 0.32 is below the industry median 1.31.
Dodge & Cox is the company's largest shareholder among the gurus with 3.68% of outstanding shares, followed by Donald Yacktman (Trades, Portfolio) with 1.93%, Barrow, Hanley, Mewhinney & Strauss with 1.86%, Andreas Halvorsen (Trades, Portfolio) with 1.21% and the Yacktman Fund (Trades, Portfolio) with 1.15%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
