Charles Brandes (Trades, Portfolio), leader of Brandes Investment Partners, sold shares of the following stocks in the first quarter.
The guru trimmed 6.02% off his Embraer SA (ERJ, Financial) stake, impacting the portfolio by -0.53%.
The Brazilian aerospace company, which produces commercial, military, executive and agricultural aircraft, has a market cap of $4.64 billion and an enterprise value of $5.97 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. Its return on equity of 4.91% and return assets of 1.64% are underperforming 54% of companies in the Global Aerospace and Defense industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.70 is above the industry median of 0.53.
Brandes is the largest guru shareholder of the company with 9.27% of outstanding shares, followed by Hotchkis & Wiley with 4.34% and Jim Simons (Trades, Portfolio) with 0.35%.
The Express Scripts Holding Co. (ESRX, Financial) position was reduced by 17.09%. The trade had an impact of -0.44% on the portfolio.
The company offers health care management and administration services. It has a market cap of $43.26 billion and an enterprise value of $55.93 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 27.30% and ROA of 8.82% are outperforming 75% of companies in the Global Health Care Plans industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.16 is below the industry median of 1.15.
The largest shareholder of the company among the gurus is Dodge & Cox with 6.23% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 2.56% and Larry Robbins (Trades, Portfolio) with 0.83%.
Brandes reduced his Petroleo Brasileiro SA Petrobras (PBR.A, Financial) stake by 19.53%. The transaction had an impact of -0.34% on the portfolio.
The Brazilian company, which is an oil and gas producer, has a market cap of $95.9 billion and an enterprise value of $170.51 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The ROE 0.79% and ROA of 0.26% are underperforming 74% of companies in the Global Oil and Gas Integrated industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.21 is below the industry median of 0.34.
With 0.11% of outstanding shares, Brandes is the company's largest guru shareholder, followed by Howard Marks (Trades, Portfolio).
The investor curbed his Honda Motor Co. Ltd. (HMC) holding by 20.37%, impacting the portfolio by -0.33%.
The automaker has a market cap of $58.56 billion and an enterprise value of $102.57 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of 13.74% and ROA of 5.48% are outperforming 60% of companies in the Global Auto Manufacturers industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.33 is below the industry median of 0.74.
The largest guru shareholder of the company is Brandes with 0.11% of outstanding shares, followed by Simons with 0.06% and Manning & Napier Advisors Inc. with 0.01%.
Brandes reduced his stake in Mobile TeleSystems PJSC (MBT, Financial) by 33.38%. The trade had an impact of -0.31% on the portfolio.
The company provides fixed-line broadband and pay-TV services. It has a market cap of $8.91 billion and an enterprise value of $12.84 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The ROE of 143.62% and ROA of 10.21% are outperforming 86% of companies in the Global Telecom Services industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.27 is below the industry median of 0.42.
Simons is the company's largest shareholder among the gurus with 2.04% of outstanding shares, followed by Jeremy Grantham (Trades, Portfolio) with 1.5% and Sarah Ketterer (Trades, Portfolio) with 0.61%.
The guru trimmed 34.41% off his stake in POSCO (PKX, Financial), impacting the portfolio by -0.24%.
The South Korean company, which produces steel, has a market cap of $26.2 billion and an enterprise value of $40.26 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The ROE of 6.43% and ROA of 3.49% are outperforming 51% of companies in the Global Steel industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.45 is below the industry median of 0.42%.
The company's largest guru shareholder is Ketterer with 0.11% of outstanding shares, followed by Brandes with 0.09% and NWQ Managers (Trades, Portfolio) with 0.07%.
The investor reduced his position in HSBC Holdings PLC (HSBC, Financial) by 29.07%. The trade had an impact of -0.23% on the portfolio.
The company provides commercial banking, global banking and wealth management services. It has a market cap of $201.12 billion and an enterprise value of $99.17 billion.
GuruFocus gives the company a profitability and growth rating of 3 out of 10. The ROE of 5.05% and ROA of 3.60% are underperforming 77% of companies in the Global Banks - Global industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 2.58 is above the industry median of 2.12.
With 0.37% of outstanding shares, Ken Fisher (Trades, Portfolio) is the company's largest guru shareholder, followed by Simons with 0.02% and Brandes with 0.01%.
Brandes curbed his JPMorgan Chase & Co. holding by 62.89%, impacting the portfolio by -0.23%.
The bank has a market cap of $383 billion and an enterprise value of $296.19 billion.
GuruFocus gives the company a profitability and growth rating of 3 out of 10. The ROE of 9.67% and ROA of 1.04% are outperforming 53% of companies in the Global Banks - Global industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 1.37 is below the industry median of 2.12.
The company's largest shareholder among the gurus is Dodge & Cox with 0.74% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 0.68% and Barrow, Hanley, Mewhinney & Strauss with 0.05%.
Disclosure: I do not own any stocks mentioned in this article.
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