The president and chief executive officer of Auxier Asset Management, Jeffrey Auxier, sold shares of the following stocks during the third quarter.
The guru trimmed the holding of Becton, Dickinson and Co. (BDX) by 12.46%. The trade had an impact of -0.14% on the portfolio.
The company, which manufacture and sales medical supplies, devices, laboratory equipment and diagnostic products, has a market cap of $64.93 billion and an enterprise value of $85.27 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 0.81% and return on assets of 0.61% are underperforming 55% of companies in the Global Medical Instruments & Supplies industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.05 is below the industry median of 1.74.
The company's largest shareholder among the gurus is Pioneer Investments (Trades, Portfolio) with 0.29% of outstanding shares, followed by Jeremy Grantham (Trades, Portfolio) with 0.16%, T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.13% and Joel Greenblatt (Trades, Portfolio) with 0.04%.
Auxier sold 6.92% of his Corning Inc. (GLW) stake. The trade had an impact of -0.09% on the portfolio.
The company, which manufactures and supplies specialty glass and ceramics, has a market cap of $22.95 billion and an enterprise value of $30.74 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of -4.73% and return on assets of -2.36% are underperforming 82% of companies in the Global Electronic Components industry. Its financial strength is rated of 6 out of 10. The cash-debt ratio of 0.36 is below the industry median of 1.32.
The largest shareholder of the company is Primecap Management (Trades, Portfolio) with 2.01% of outstanding shares, followed by Hotchkis & Wiley with 1.65%, Mairs and Power (Trades, Portfolio) with 0.27% and Yacktman Asset Management (Trades, Portfolio) with 0.16%.
The guru trimmed his Weight Watchers International Inc. (WTW) position by 22.44%. The trade had an impact of -0.09% on the portfolio.
The supplier of the weight management service has a market cap of $3.16 billion and an enterprise value of $4.68 billion.
GuruFocus gives the company a profitability and growth rating of 62 out of 10. The return on assets of 18.44% is outperforming 85% of companies in the Global Personal Services industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.13 is below the industry median of 0.71.
Steven Cohen (Trades, Portfolio) is the company's largest shareholder among the gurus with 0.25% of outstanding shares, followed by Greenblatt with 0.11%, Pioneer Investments (Trades, Portfolio) with 0.11% and Auxier with 0.02%.
The guru cut 2.18% of his Microsoft Corp. (MSFT) holding. The trade impacted the portfolio by -0.07%.
The company, which develops a wide range of software products and services has a market cap of $791.49 billion and an enterprise value of $731.84 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 22.62% and return on assets of 7.43% are outperforming 67% of companies in the Global Software - Infrastructure industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 1.78 is below the industry median of 4.27.
The largest guru shareholder of the company is PRIMECAP Management (Trades, Portfolio) with 0.52% of outstanding shares, followed by Dodge & Cox with 0.47%, Pioneer Investments (Trades, Portfolio) with 0.32%, Bill Gates (Trades, Portfolio) with 0.31% and Ken Fisher (Trades, Portfolio) with 0.24%.
The Bank of New York Mellon Corp. (BK) holding was reduced 1.73%, impacting the portfolio by -0.05%.
The provider of the investment management, investment services and wealth management has a market cap of $49.3 billion.
GuruFocus gives the company a profitability and growth rating of 3 out of 10. While the return on equity of 10.63% is outperforming the sector, the return on assets of 1.26% is underperforming 62% of companies in the Global Asset Management industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 3.29 is below the industry median of 85.28.
Warren Buffett (Trades, Portfolio) is the company's largest shareholder among the gurus with 7.87% of outstanding shares, followed by Dodge & Cox with 4.44%, First Eagle Investment (Trades, Portfolio) with 1.93% and Chris Davis (Trades, Portfolio) with 1.77%.
The PepsiCo Inc. (PEP) position was cut by 2.01%, impacting the portfolio by -0.05%.
The food, snack and beverage company has a market cap of $162.91 billion and an enterprise value of $184.23 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 44.61% and return on assets of 6.31% are outperforming 58% of companies in the Global Beverages - Soft Drinks industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.40 is below the industry median of 0.73.
The largest guru shareholder of the company is Pioneer Investments (Trades, Portfolio) with 0.7% of outstanding shares, followed by Yacktman Asset Management (Trades, Portfolio) with 0.54%, Fisher with 0.47% and Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 0.47%.
The Mastercard Inc. Class A (MA) position was cut by 1.74%, impacting the portfolio by -0.04%.
The company, which generates revenue by charging fees to its customers based on both the dollar volume of card activity and the number of transactions processed through the network, has a market cap of $188.59 billion and an enterprise value of $186.47 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 90.54% and return on assets of 23.37% are outperforming 96% of companies in the Global Credit Services industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 1.34 is below the industry median of 8.43.
Tom Russo (Trades, Portfolio) is the largest guru shareholder of the company with 0.81% of outstanding shares, followed by Chuck Akre (Trades, Portfolio) with 0.52% and Buffett with 0.48%.
Disclosure: I do not own any stocks mentioned in this article.