Smead Value Fund (Trades, Portfolio), which mainly invests in large capitalization stocks, sold shares of the following stocks during the third quarter.
Johnson & Johnson
The fund closed its Johnson & Johnson (JNJ, Financial) stake. The portfolio was impacted by -1.76%.
The health care company has a market cap of $345.3 billion and an enterprise value of $356.57 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 23.4% and return on assets of 9.2% are outperforming 78% of companies in the Drug Manufacturers industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.61 is below the industry median of 1.17.
The largest guru shareholder of the company is Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 0.16% of outstanding shares, followed by T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.11% and Pioneer Investments (Trades, Portfolio) with 0.10%.
Schlumberger
The fund exited its Schlumberger Ltd. (SLB, Financial) holding. The portfolio was impacted by -1.74%.
The company, which provides products and services to the oil and gas industry, has a market cap of $47.68 billion and an enterprise value of $62.47 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of -29.46% and return on assets of -14.63% are underperforming 80% of companies in the Oil and Gas – Services industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.14 is below the industry median of 0.35.
The largest guru shareholder of the company is Dodge & Cox (Trades, Portfolio) with 3.95% of outstanding shares, followed by First Eagle Investment (Trades, Portfolio) with 2.25% and Barrow, Hanley, Mewhinney & Strauss (Trades, Portfolio) with 1.37%.
AflacÂ
The Aflac Inc. (AFL, Financial) position was trimmed by 9.97%, impacting the portfolio by -0.54%.
The provider of supplemental health insurance and life insurance has a market cap of $39.35 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 11.68% and return on assets of 2.09% are outperforming 67% of companies in the Insurance – Life industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.68 is below the industry median of 2.01.
The largest guru shareholder of the company is John Rogers (Trades, Portfolio) with 0.21% of outstanding shares, followed by Smead Value Fund (Trades, Portfolio) with 0.14%, Pioneer Investments (Trades, Portfolio) with 0.08% and Jeremy Grantham (Trades, Portfolio)’s GMO LLC with 0.04%.
Accenture
The firm reduced the Accenture PLC (ACN, Financial) position by 14.98%. The trade had an impact of -0.54% on the portfolio.
The supplier of management consulting and technology services has a market cap of $119.70 billion and an enterprise value of $114.01 billion.
GuruFocus gives the company a profitability and growth rating of 10 out of 10. The return on equity of 37.03% and return on assets of 17.51% are outperforming 92% of companies in the Application Software industry. Its financial strength is rated 9 out of 10. The cash-debt ratio of 270.55 is above the industry median of 2.52.
The largest guru shareholder of the company is Pioneer Investments (Trades, Portfolio) with 0.47% of outstanding shares, followed by Grantham with 0.26%, MS Global Franchise Fund (Trades, Portfolio) with 0.07% and Joel Greenblatt (Trades, Portfolio)’s Gotham Asset Management with 0.05%.
Walgreens
The fund trimmed its Walgreens Boots Alliance Inc. (WBA, Financial) holding by 12.41%. The portfolio was impacted by -0.52%.
The retail pharmacy has a market cap of $51.21 billion and an enterprise value of $67.67 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 16.05% and the return on assets of 5.77% are outperforming 74% of companies in the Retail – Defensive industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.06 is below the industry median of 0.43.
The largest guru shareholder of the company is Tom Gayner (Trades, Portfolio)’s Markel Corp with 0.23% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 0.19% and Greenblatt with 0.09%.
PayPal
The PayPal Holdings Inc. (PYPL, Financial) stake was reduced by 27.87%. The portfolio was impacted by -0.51%.
The electronic payment solutions provider has a market cap of $123.27 billion and an enterprise value of $117.77 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 16.2% and return on assets of 5.47% are outperforming 73% of companies in the Credit Services industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 2.11 is above the industry median of 0.18.
Spiros Segalas (Trades, Portfolio) is the largest guru shareholder of the company with 0.38% of outstanding shares, followed by Ken Fisher (Trades, Portfolio) with 0.37% and Daniel Loeb (Trades, Portfolio) with 0.30%.
Disclosure: I do not own any stocks mentioned.
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