Richard Pzena (Trades, Portfolio), leader of Pzena Investment Management, sold shares of the following stocks during the third quarter.
The guru reduced his State Street Corp. (STT, Financial) position by 94.01%. The trade had an impact of -0.45% on the portfolio.
The financial holding company, which provides services to mutual funds and foundations, has a market cap of $27.42 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. While the return on equity of 10.26% is outperforming the sector, the return on assets of 1.05% is underperforming 65% of companies in the Global Asset Management industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 6.10 is below the industry median of 85.28.
The company's largest shareholder among the gurus is Bill Nygren (Trades, Portfolio) with 1.24% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 1.22%, the T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.93% and Hotchkis & Wiley with 0.58%.
Pzena exited his Micro Focus International PLC (MFGP, Financial) stake. The trade had an impact of -0.37% on the portfolio.
The U.K.-based software company has a market cap of $7.21 billion and an enterprise value of $11.26 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 12.17% and return on assets of 5.34% are outperforming 61% of companies in the Global Software - Application industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.12 is below the industry median of 4.27.
The largest shareholder of the company is Dodge & Cox with 11.04% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 3.39% and Paul Singer (Trades, Portfolio) with 1.46%.
The investor reduced his Walmart Inc. (WMT, Financial) position by 21.25%. The trade had an impact of -0.31% on the portfolio.
The retailer has a market cap of $307.17 billion and an enterprise value of $347.75 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 6.89% and return on assets of 2.53% are outperforming 60% of companies in the Global Discount Stores industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.29 is below the industry median of 0.55.
Bill Gates (Trades, Portfolio) is the largest guru shareholder of the company with 0.4% of outstanding shares, followed by Ken Fisher (Trades, Portfolio) with 0.34%, Jim Simons (Trades, Portfolio)‘ Renaissance Technologies with 0.11% and Pioneer Investments (Trades, Portfolio) with 0.11%.
The guru trimmed 20.92% off his Murphy Oil Corp. (MUR, Financial) stake. The trade impacted the portfolio by -0.28%.
The company, which produces oil and gas, has a market cap of $5.36 billion and an enterprise value of $7.33 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. While the return on equity of 0.44% is underperforming the sector, the return on assets of 0.21% is outperforming 50% of companies in the Global Oil and Gas E&P industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.33 is below the industry median of 0.51.
The largest guru shareholder of the company is Hotchkis & Wiley with 7.31% of outstanding shares, followed by the Pzena with 3.58%, Simons ‘s firm with 0.42% and Steven Cohen (Trades, Portfolio) with 0.12%.
Pzena curbed his Franklin Resources Inc. (BEN, Financial) stake by 14.90%, impacting the portfolio by -0.25%.
The investment management company has a market cap of $16 billion and an enterprise value of $10.43 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. While the return on equity of 6.87% is underperforming the sector, the return on assets of 4.59% is outperforming 55% of companies in the Global Asset Management industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 9.49 is below the industry median of 85.28.
David Abrams (Trades, Portfolio) is the company's largest shareholder among the gurus with 1.92% of outstanding shares, followed by Pzena with 1.73%, the T Rowe Price Equity Income Fund with 1.05% and Diamond Hill Capital (Trades, Portfolio) with 0.74%.
The VeriFone Systems Inc. (PAY, Financial) position was closed. This trade impacted the portfolio by -0.24%.
The company, which sells hardware and complementary software and services, has a market cap of $2.55 billion and an enterprise value of $3.27 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of -10.22% and return on assets of -3.28% are underperforming 90% of companies in the Global Business Equipment industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.19 is below the industry median of 0.89.
The largest guru shareholder of the company is Richard Snow (Trades, Portfolio) with 0.05% of outstanding shares, followed by Joel Greenblatt (Trades, Portfolio) with 0.02%.
The UBS Group AG (UBS, Financial) stake was reduced 26.49%, impacting the portfolio by -0.22%.
The financial services company has a market cap of $53 billion and an enterprise value of $156 billion.
GuruFocus gives the company a profitability and growth rating of 3 out of 10. The return on equity of 3.31% and return on assets of 0.18% are underperforming 88% of companies in the Global Banks - Global industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.48 is below the industry median of 1.22.
Dodge & Cox is the company's largest shareholder among the gurus with 2.67% of outstanding shares, followed by Fisher with 1.25%, Pioneer Investments with 0.35%, David Tepper (Trades, Portfolio) with 0.18 and Charles Brandes (Trades, Portfolio) with 0.1%.
Disclosure: I do not own any stocks mentioned in this article.
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