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Tiziano Frateschi
Tiziano Frateschi
Articles (1646)  | Author's Website |

First Eagle Trims American Express, Time Warner, PepsiCo

Fund's largest 3rd-quarter transactions

First Eagle Investment (Trades, Portfolio) manages about $110 billion in assets for institutional and individual clients; during the third quarter the fund sold shares in the following stocks:

American Express Co. (AXP) was reduced by 20.82% impacting the portfolio by -0.69%.

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The provider of credit card products has a market cap of $83.58 billion and an enterprise value of $108.53 billion.

GuruFocus gives the stock a profitability and growth rating of 6 out of 10. The return on equity (ROE) of 22.16% and return on assets (ROA) of 2.94% are outperforming 56% of the companies in the Global Credit Services industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.51 is below the industry median of 2.52.

The largest shareholder among the guru is Warren Buffett (Trades, Portfolio) with 17.47% of outstanding shares followed by Dodge & Cox with 3.19% and Barrow, Hanley, Mewhinney & Strauss with 1.92%.

The Time Warner Inc. (TWX) holding was almost closed after a cut of 99.42%. The transaction had an impact of -0.62% on the portfolio.

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The entertainment company has a market cap of $73.55 billion and an enterprise value of $93.98 billion.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of 16.31% and ROA of 6.25% are outperforming 75% of the companies in the Global Media – Diversified industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.11 is below the industry median of 1.47.

Dodge & Cox is the largest shareholder among the gurus with 3.88% of outstanding shares followed by Steven Cohen (Trades, Portfolio) with 0.53%, Pioneer Investments (Trades, Portfolio) with 0.51% and Daniel Loeb (Trades, Portfolio) with 0.48%.

PepsiCo Inc. (PEP)’s position was cut by 64.85%; the transaction had an impact of -0.52% on the portfolio.

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The food and beverage company has a market cap of $155.38 billion and an enterprise value of $176.43 billion.

GuruFocus gives the stock a profitability and growth rating of 6 out of 10. The ROE of 56.96% and ROA of 9.22% are outperforming 74% of the companies in the Global Beverages - Soft Drinks industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.47 is below the industry median of 0.86.

Donald Yacktman (Trades, Portfolio) is the largest shareholder among the gurus, with 0.56% of outstanding shares followed by Ken Fisher (Trades, Portfolio) with 0.41%, Jim Simons (Trades, Portfolio) with 0.4% and Pioneer Investments with 0.32%.

The guru's holding of Zoetis Inc. (ZTS) was closed with an impact of -0.5% on the portfolio.

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The developer and manufacturer of drugs and medicines for animals health has a market cap of $33.97 billion and an enterprise value of $37.73 billion.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of 55.87% and ROA of 11.68% are outperforming 81% of the companies in the Global Drug Manufacturers - Specialty and Generic industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.35 is below the industry median of 2.89.

The largest shareholder of the company among the gurus is Simons with 0.35% of outstanding shares followed by Pioneer Investments with 0.29%, George Soros (Trades, Portfolio) with 0.14% and Mario Gabelli (Trades, Portfolio) with 0.1%.

The guru cut its Deere & Co. (DE) position by 18.60%. The trade had an impact of -0.36% on the portfolio.

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The manufacturer of agricultural, construction and forestry machinery has a market cap of $43.47 billion and an enterprise value of $73.99 billion.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of 25.96% and ROA of 3.27% are outperforming 54% of the companies in the Global Farm & Construction Equipment industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.19 is below the industry median of 0.57.

Andreas Halvorsen (Trades, Portfolio) is the largest shareholder among the gurus with 2.98% of outstanding shares followed by PRIMECAP Management (Trades, Portfolio) with 1.74% and First Eagle Investment with 1.64%.

The Madison Square Garden Co. Class A (MSG) stake was reduced by 80.09% impacting the portfolio by -0.34%.

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The entertainment company has a market cap of $5.36 billion and an enterprise value of $4.23 billion.

GuruFocus gives the stock a profitability and growth rating of 4 out of 10. The ROE of -2.90% and ROA of -2.02% are underperforming 80% of the companies in the Global Leisure industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 11.74 is above the industry median of 0.66.

The largest shareholder among the gurus is Gabelli with 3.76% of outstanding shares followed by John Rogers (Trades, Portfolio) with 1.69% and Ron Baron (Trades, Portfolio) with 1.06%.

The guru’s holding of The Estee Lauder Companies Inc. Class A (EL) was curbed by 63.43%. The trade had an impact of -0.29% on the portfolio.

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The manufacturer of products for women’s beauty has a market cap of $44.6 billion and an enterprise value of $46.73 billion.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of 33.41% and ROA of 12.39% are outperforming 85% of the companies in the Global Household & Personal Products industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.46 is below the industry median of 0.63.

Spiros Segalas (Trades, Portfolio) is the largest shareholder among the gurus with 0.3% of outstanding shares followed by First Eagle Investment with 0.19% and Joel Greenblatt (Trades, Portfolio) with 0.09%.

The CSX Corp. (CSX)’s position was closed, impacting the portfolio by -0.28%.

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The railroad operating company has a market cap of $46.08 billion and an enterprise value of $57.2 billion.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The ROE of 15.57% and ROA of 5.05% are outperforming 71% of the companies in the Global Railroads industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.06 is below the industry median of 0.34.

The largest shareholder among the gurus is Steve Mandel (Trades, Portfolio) with 1.15% of outstanding shares followed by John Griffin (Trades, Portfolio) with 0.52% and PRIMECAP Management with 0.52%.

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

About the author:

Tiziano Frateschi
You can read about me on this blog: www.theextraincome.info

It gives suggestions on position trading.

Visit Tiziano Frateschi's Website


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