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Pioneer Investments Curbs Chubb, Amazon Positions, Exits Intel, Verizon

The firm's largest sales of the 2nd quarter

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Sep 01, 2017
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Pioneer Investments (Trades, Portfolio) traded the following stocks during the second quarter:

The firm's Chubb Ltd. (

CB, Financial) position was reduced by 88.7% with an impact of -0.57% on the portfolio.

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The company offers commercial and personal property and casualty insurance, supplemental health insurance, reinsurance and life insurance.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity (ROE) of 11.03% and return on assets (ROA) of 3.33% are underperforming 59% of companies in the Global Insurance - Property and Casualty industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.10 is below the industry median of 2.41.

The company's 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 firm's holding of Amazon.com Inc. (

AMZN, Financial) was reduced by 23.76%. The trade had an impact of -0.55% on the portfolio.

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The online retailer sells a wide range of products and services through its website.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 9.76% and ROA of 2.48% are outperforming 55% of companies in the Global Specialty Retail industry. Financial strength has a rating of 7 out of 10. The cash-debt ratio of 2.79 is above the industry median of 0.95.

Frank Sands (Trades, Portfolio) is the company's largest shareholder among the gurus with 0.41% of outstanding shares, followed by Ken Fisher (Trades, Portfolio) with 0.35%, Davis with 0.32% and Spiros Segalas (Trades, Portfolio) with 0.29%.

Pioneer's Kimberly-Clark Corp. (

KMB, Financial) stake was closed, impacting the portfolio by -0.53%.

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The consumer goods company manufactures household and personal care products, including diapers, hygiene products, kleenex and toilet paper.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The ROE of 1,702% and ROA of 14.50% are outperforming 89% of companies in the Global Household and Personal Products industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.13 is below the industry median of 0.57.

Diamond Hill Capital (Trades, Portfolio) is the company's largest shareholder among the gurus with 0.58% of outstanding shares, followed by Simons with 0.44%, Joel Greenblatt (Trades, Portfolio) with 0.06%, Mairs and Power (Trades, Portfolio) with 0.06% and Manning & Napier Advisors Inc. with 0.03%.

The firm divested of its Illinois Tool Works Inc. (

ITW, Financial) holding. The trade had an impact of -0.52% on the portfolio.

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The company manufactures a range of industrial products and equipment for various industries. 

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 46.56% and ROA of 13.95% are outperforming 92% of companies in the Global Diversified Industrials industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.31 is below the industry median of 1.01.

The company's largest guru shareholder is the T. Rowe Price Equity Income Fund with 0.55% of outstanding shares, followed by Diamond Hill Capital with 0.28%,

Jeremy Grantham (Trades, Portfolio) with 0.18%, John Rogers (Trades, Portfolio) with 0.14%, Tom Gayner (Trades, Portfolio) with 0.07% and Chuck Royce (Trades, Portfolio) with 0.02%.

The firm reduced its position in Schlumberger Ltd. (

SLB, Financial) by 42.74%. The transaction had an impact of -0.52% on the portfolio.

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The company provides various technologies for drilling, production and processing to the oil and gas industry.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The ROE of 0.43% and ROA of 0.23% are outperforming 57% of companies in the Global Oil and Gas Equipment and Services industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.39 is below the industry median of 0.49.

Dodge & Cox is the company's largest shareholder among the gurus with 3.49% of outstanding shares, followed by

First Eagle Investment (Trades, Portfolio) with 1.16%, Manning & Napier with 0.36%, PRIMECAP Management with 0.28% and Pioneer with 0.19%.

Pioneer closed its Intel Corp. (

INTC, Financial) holding. The transaction had an impact of -0.5% on the portfolio.

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Based in California, the company is the world's largest producer of semiconductor chips.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 19.49% and ROA of 11.09% are outperforming 82% of companies in the Global Semiconductors industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.81 is below the industry median of 1.79.

With 0.44% of outstanding shares, Fisher is the company's largest guru shareholder, followed by PRIMECAP with 0.43%,

Bill Nygren (Trades, Portfolio) with 0.22%, Pzena with 0.18%, Simons with 0.07% and Price with 0.04%.

The firm exited its position in Verizon Communications Inc. (

VZ, Financial). The trade had an impact of -0.48% on the portfolio.

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The telecom company provides voice, data and video services to wireless and wireline networks.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The ROE of 71.8% and ROA of 6.55% are outperforming 69% of companies in the Global Telecom Services industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.04 is below the industry median 0.41.

Barrow, Hanley, Mewhinney & Strauss is the company's largest guru shareholder with 0.69% of outstanding shares, followed by the T. Rowe Price Equity Income Fund with 0.22%, Greenblatt with 0.02%, Rogers with 0.02% and

Tweedy Browne (Trades, Portfolio) with 0.01%.

Pioneer's AT&T Inc. (

T, Financial)  holding was reduced by 50.37%, impacting the portfolio by -0.47%.

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The telecom company provides fixed-line services, including voice, data and television services.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of 10.63% and ROA of 3.22% are outperforming 56% of companies in the Global Telecom Services industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.18 is below the industry median of 0.41.

The company's largest guru shareholder is Barrow, Hanley, Mewhinney & Strauss with 0.26% of outstanding shares, followed by PRIMECAP with 0.18%,

Richard Perry (Trades, Portfolio) with 0.1%, Steven Cohen (Trades, Portfolio) with 0.09%, Pioneer with 0.05% and Simons with 0.05%.

The firm curbed its CVS Health Corp. (

CVS, Financial) stake by 21.21%. The trade had an impact of -0.46% on the portfolio.

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The company operates a chain of retail pharmacies.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of 15.08% and ROA of 5.68% are outperforming 52% of companies in the Global Health Care Plans industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.08 is below the industry median 1.38.

Barrow, Hanley, Mewhinney & Strauss is the company's largest guru shareholder with 1.68% of outstanding shares, followed by PRIMECAP with 0.33%,

Charles de Vaulx (Trades, Portfolio) with 0.14%, Grantham with 0.14% and Gabelli with 0.01%.

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

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