T. Rowe Price Equity Income Fund (PRFDX) increased many holdings and established several positions in the first quarter.
The fund boosted its holding of Franklin Resources Inc. (BEN) by 209.30%, giving it a 0.47% space in the portfolio.
The investment management organization provides services to retail, institutional and high net-worth clients. It has a market cap of $18.44 billion and an enterprise value of $11.68 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. While its return on equity (ROE) of 5.44% is underperforming the sector, its return on assets (ROA) of 3.89% is outperforming 52% of companies in the Global Asset Management industry. Its financial strength is rated 8 out of 10 with a cash-debt ratio of 9.48.
The largest shareholder among the gurus is Richard Pzena (Trades, Portfolio) with 1.92% followed by David Abrams (Trades, Portfolio) with 0.47% and Diamond Hill Capital (Trades, Portfolio) with 0.71%.
The CVS Health Corp. (CVS)’s position was raised by 148.96%. The portfolio was expanded by 0.44%.
The company is engaged in the health care sector. It has a market cap of $66.07 million and an enterprise value of $91.27 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. Its ROE of 18.67% and ROA of 7.08% are outperforming 61% of companies in the Global Health Care Plans industry. Its financial strength is rated of 6 out of 10. The cash-debt ratio of 0.07 is below the industry median of 1.15.
Larry Robbins (Trades, Portfolio) is another notable shareholder of the company among the gurus with 0.67% of outstanding shares followed by PRIMECAP Management (Trades, Portfolio) with 0.33% and Vanguard Health Care Fund (Trades, Portfolio) with 0.33%.
The Chubb Ltd. (CB) stake was increased by 28.39%, giving it a 0.31% space in the portfolio.
The company is a provider of commercial and personal property and casualty insurance. It has a market cap of $64.13 billion and an enterprise value of $72.41 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. While its ROE of 7.74% is underperforming the sector, its ROA of 2.36% is outperforming 56% of companies in the Global Insurance - Property and Casualty industry. Financial strength is rated 4 out of 10. The cash-debt ratio of 0.06 is below the industry median of 2.82.
Jim Simons (Trades, Portfolio) is the largest shareholder of the company among the gurus, with 0.38% of outstanding shares followed by Chris Davis (Trades, Portfolio) with 0.31% and Pioneer Investments (Trades, Portfolio) with 0.04%.
The guru raised the Philip Morris International Inc. (PM) position by 30.97%, expanding the portfolio 0.29%.
The company manufactures and sells cigarettes and other tobacco products. It has a market cap of $130.99 billion and an enterprise value of $158.74 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. Its ROA of 14.76% and return on capital (ROC) of 155.75% are outperforming 63% of companies in the Global Tobacco industry. Financial strength is rated 5 out of 10. The cash-debt ratio of 0.21 is below the industry median of 0.37.
The largest shareholder of the company among the gurus is Barrow, Hanley, Mewhinney & Strauss with 1% of outstanding shares followed by Tom Russo (Trades, Portfolio) with 0.65%, Simons with 0.37% and Andreas Halvorsen (Trades, Portfolio) with 0.04%.
The guru acquired a new position in Sempra Energy (SRE) buying 430,000 shares and giving it a 0.24% space in the portfolio.
The company operates in distributing natural gas and electricity in Southern California. It has a market cap of $28.98 billion and an enterprise value of $50.57 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The ROE of 1.95% and ROA of 0.52% are underperforming 79% of companies in the Global Utilities – Diversified industry. Financial strength is rated 4 out of 10. The cash-debt ratio of 0.02 is below the industry median of 0.25.
John Rogers (Trades, Portfolio) is another notable shareholder of the company among the gurus, with 0.16% of outstanding shares followed by Pioneer Investments (Trades, Portfolio) with 0.05% and Simons with 0.04%.
The guru raised the Equity Residential (EQR) holding by 34.98%, expanding the portfolio by 0.22%.
The real estate investment trust has a market cap of $22.13 billion and an enterprise value of $31.31 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. Its ROE of 5.85% and ROA of 2.92% are underperforming 58% of companies in the Global REIT – Residential industry. Financial strength is rated 5 out of 10. The cash-debt ratio of 0.01 is below the industry median of 0.06.
Another notable shareholder of the company among the gurus is Simons with 0.27% of outstanding shares followed by Pioneer Investments (Trades, Portfolio) with 0.13%, Davis with 0.06% and Ron Baron (Trades, Portfolio) with 0.05%.
The MetLife Inc. (MET) stake was increased by 16.82%, giving it a 0.21% space in the portfolio.
The provider of insurance, annuities, employee benefits and asset management has a market cap of $49.23 billion and an enterprise value of $51.16 billion.
GuruFocus gives the company a profitability and growth rating of 3 out of 10. The ROE of 6.10% and ROA of 0.48% are underperforming 73% of companies in the Global Insurance – Life industry. Financial strength is rated 5 out of 10. The cash-debt ratio of 0.66 is below the industry median of 7.42.
Dodge & Cox is the largest shareholder of the company among the gurus, with 3.83% of outstanding shares followed by Diamond Hill Capital (Trades, Portfolio) with 0.76% and Pzena with 0.56%.
The guru raised the Wells Fargo & Co. (WFC) position by 7.56%, expanding the portfolio 0.21%.
The company is split into three segments for reporting purposes: Community banking, Wholesale banking and Wealth and Investment Management. It has a market cap of $256.17 billion and an enterprise value of $489.9 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. Its ROA of 10.26% and ROC of 1.17% are outperforming 63% of companies in the Global Banks - Global industry. Financial strength is rated 4 out of 10. The cash-debt ratio of 0.62 is below the industry median of 2.12.
The largest shareholder of the company among the gurus is Warren Buffett (Trades, Portfolio) with 9.4% of outstanding shares followed by Dodge & Cox with 1.45%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
