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Tiziano Frateschi
Tiziano Frateschi
Articles (2146)  | Author's Website |

Bill Nygren Trims General Electric, Baxter International Positions

Guru's largest sales of the 2nd quarter

August 26, 2019 | About:

Bill Nygren (Trades, Portfolio), manager of the Oakmark Fund, sold shares of the following stocks in the second quarter.

The guru closed his Anadarko Petroleum Corp. (NYSE:APC) position when it was acquired by Occidental Petroleum (OXY). The portfolio was impacted by -1.69%.

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On its last trading day, the oil and gas producer had a market cap of $36.56 billion and an enterprise value of $55.51 billion.

The DXC Technology Co. (NYSE:DXC) holding was closed. The portfolio was impacted by -1.47%.

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The company, which provides IT services, has a market cap of $8.80 billion and enterprise value of $18.35 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 10.31% and return on assets of 3.90% are outperforming 74% of companies in the Application Software industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.17 is below the industry median of 2.82

Larry Robbins (Trades, Portfolio) is the company’s largest guru shareholder with 4.18% of outstanding shares, followed by Lee Ainslie (Trades, Portfolio) with 2.77% and PRIMECAP Management (Trades, Portfolio) with 1.07%.

Nygren's National Oilwell Varco Inc. (NYSE:NOV) position was closed, impacting the portfolio by -0.92%.

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The company, which provides oil and gas drilling rig equipment, has a market cap of $7.22 billion and enterprise value of $9.47 billion

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of -42.73% and return on assets of -29.07% are underperforming 100% of companies in the Oil and Gas - Services industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.34 is above the industry median of 0.33.

The largest guru shareholder of the company is First Eagle Investment (Trades, Portfolio) with 6.46% of outstanding shares, followed by Richard Pzena (Trades, Portfolio) with 6.28% and Dodge & Cox with 5.79%.

The investor trimmed his News Corp. (NASDAQ:NWSA) stake by 59.98%. The trade had an impact of -0.70% on the portfolio.

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The media company has a market cap of $8.06 billion and an enterprise value of $9.04 billion.

GuruFocus gives the company a profitability and growth rating of 3 out of 10. The return on equity of 1.67% and return on assets of 0.96% are underperforming 92% of companies in the Entertainment industry. Its financial strength is rated 6.4 out of 10. The cash-debt ratio of 1.13 is above the industry median of 0.56.

Hotchkis & Wiley is the company’s largest guru shareholder with 2.54% of outstanding shares, followed by Dodge & Cox with 2.34% and the T Rowe Price Equity Income Fund (Trades, Portfolio) with 2.10%.

The guru reduced his Baxter International Inc. (NYSE:BAX) position by 52.51%. The portfolio was impacted by -0.59%.

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The medical products manufacturer has a market cap of $43.41 billion and an enterprise value of $65.16 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 19.17% and return on assets of 9.53% are outperforming 60% of companies in the Medical Instruments and Equipment industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 0.52 is below the industry median of 1.21.

The largest guru shareholder of the company is Daniel Loeb (Trades, Portfolio) with 4.50% of outstanding shares, followed by the Vanguard Health Care Fund (Trades, Portfolio) with 1.29% and Pioneer Investments (Trades, Portfolio) with 0.26%.

Nygren curbed his General Electric Co. (NYSE:GE) holding by 17.49%. The portfolio was impacted by -0.53%.

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The industrial conglomerate has a market cap of $69.55 billion and an enterprise value of $128.37billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of -49.72% and return on assets of -5.75% are underperforming 100% of companies in the Industrial Products industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.65 is below the industry median of 0.84.

Barrow, Hanley, Mewhinney & Strauss is the company’s largest guru shareholder with 1.29% of outstanding shares, followed by Hotchkis & Wiley with 1.06%, Pzena with 0.68% and Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 0.61%.

Disclosure: I do not own any stocks mentioned.

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About the author:

Tiziano Frateschi
You can read about me on www.theextraincome.info, which gives suggestions on position trading.

Visit Tiziano Frateschi's Website


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