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Smead Value Fund Exits Johnson & Johnson, Trims Paypal

Fund's largest sales of the 3rd quarter Continue reading... Read More...

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Smead Value Fund (Trades, Portfolio), which mainly invests in large capitalization stocks, sold shares of the following stocks during the third quarter.” data-reactid=”11″>Smead Value Fund (Trades, Portfolio), which mainly invests in large capitalization stocks, sold shares of the following stocks during the third quarter.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Johnson &amp; Johnson” data-reactid=”18″>Johnson & Johnson

The fund closed its Johnson & Johnson (NYSE:JNJ) stake. The portfolio was impacted by -1.76%.

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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.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="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%.” data-reactid=”35″>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%.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Schlumberger” data-reactid=”36″>Schlumberger

The fund exited its Schlumberger Ltd. (NYSE:SLB) holding. The portfolio was impacted by -1.74%.

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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%.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Aflac ” data-reactid=”52″>Aflac

The Aflac Inc. (NYSE:AFL) position was trimmed by 9.97%, impacting the portfolio by -0.54%.

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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%.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Accenture” data-reactid=”68″>Accenture

The firm reduced the Accenture PLC (NYSE:ACN) position by 14.98%. The trade had an impact of -0.54% on the portfolio.

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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%.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Walgreens” data-reactid=”88″>Walgreens

The fund trimmed its Walgreens Boots Alliance Inc. (NASDAQ:WBA) holding by 12.41%. The portfolio was impacted by -0.52%.

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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%.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="PayPal” data-reactid=”104″>PayPal

The PayPal Holdings Inc. (NASDAQ:PYPL) stake was reduced by 27.87%. The portfolio was impacted by -0.51%.

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<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="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.” data-reactid=”117″>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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<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="This article first appeared on GuruFocus.
” data-reactid=”127″>This article first appeared on GuruFocus.

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