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The Yacktman Fund Cuts Tech Companies

The fund reduced Stakes of Oracle, Microsoft, Cisco in the 2nd quarter Continue reading... Read More...

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The Yacktman Fund (Trades, Portfolio) sold shares of the following stocks during the second quarter of 2020.” data-reactid=”12″>The Yacktman Fund (Trades, Portfolio) sold shares of the following stocks during the second quarter of 2020.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Oracle” data-reactid=”13″>Oracle

The firm reduced its position in Oracle Corp. (ORCL) by 65.27%. The trade had an impact of -2.14% on the portfolio.

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The seller of enterprise IT solutions has a market cap of $168.47 billion and an enterprise value of $197.65 billion.

GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 61.73% and return on assets of 10.35% are outperforming 82% of companies in the software industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.5 is below the industry median of 2.24.

<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 First Eagle Investment with 0.96% of outstanding shares, followed by Ken Fisher (Trades, Portfolio) with 0.42% and Barrow, Hanley, Mewhinney &amp; Strauss with 0.40%.” data-reactid=”35″>The largest guru shareholder of the company is First Eagle Investment with 0.96% of outstanding shares, followed by Ken Fisher (Trades, Portfolio) with 0.42% and Barrow, Hanley, Mewhinney & Strauss with 0.40%.

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

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The firm cut its Johnson &amp; Johnson (JNJ) stake by 30%. The portfolio was impacted by -1.26%.” data-reactid=”37″>The firm cut its Johnson & Johnson (JNJ) stake by 30%. The portfolio was impacted by -1.26%.

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The diverse healthcare company has a market cap of $393 billion and an enterprise value of $403 billion.

GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 25.42% and return on assets of 9.82% are outperforming 86% of companies in the drug manufacturers industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 0.65 is below the industry median of 0.89.

The largest guru shareholder of the company is Pioneer Investments (Trades, Portfolio) with 0.20% of outstanding shares, followed by Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 0.12% and the Yacktman Asset Management (Trades, Portfolio) with 0.11%.

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

The firm trimmed its Continental AG (XTER:CON) position by 26.79%. The portfolio was impacted by -1.08%.

afaa3d1e280d8ee2be253660a7258f9f.png

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Booking” data-reactid=”65″>Booking

The firm reduced its position in Booking Holdings Inc. (BKNG), impacting the portfolio by -0.79%.

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The online travel agency has a market cap of $70.90 billion and an enterprise value of $72.70 billion.

GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 60.86% and return on assets of 16.26% are outperforming 96% of companies in the travel and leisure industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.8 is above the industry median of 0.42.

Some notable gurus shareholders are Dodge & Cox with 4.18% of outstanding shares, Pioneer Investments (Trades, Portfolio) with 0.59% and First Eagle Investment (Trades, Portfolio) with 0.57%.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Cisco Systems” data-reactid=”81″>Cisco Systems

The investment firm cut its holding in Cisco Systems Inc. (CSCO) by 37.5. The trade had an impact of -0.71% on the portfolio.

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The supplier of hardware and software has a market cap of $197 billion and an enterprise value of $184 billion.

GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 30.63% and return on assets of 11.49% are outperforming 90% of companies in the hardware industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 1.78 is above the industry median of 1.33.

Other notable shareholders include Fisher with 0.49% of outstanding shares, PRIMECAP Management (Trades, Portfolio) with 0.26% and Jeremy Grantham (Trades, Portfolio) with 0.13%.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Microsoft” data-reactid=”101″>Microsoft

The firm trimmed its holding in Microsoft Corp. (MSFT) by 16.67%. The trade had an impact of -0.68% on the portfolio.

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The developer of enterprise and domestic software has a market cap of $1.54 trillion and an enterprise value of $1.47 trillion.

GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 43.82% and return on assets of 16.56% are outperforming 93% of other companies in the software industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 1.86 is below the industry median of 2.24.

Notable shareholders include PRIMECAP Management (Trades, Portfolio) with 0.34% of outstanding shares, Fisher with 0.28% and Dodge & Cox with 0.26%.

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=”125″>This article first appeared on GuruFocus.

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