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David Carlson Trims Charles Schwab, Exits Verizon

Elfun Trusts' David Carlson (Trades, Portfolio) sold shares of the following stocks during the third quarter.

Liberty Global


The guru closed his Liberty Global PLC (NASDAQ:LBTYK) stake. The portfolio was impacted by -2.14%.

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The telecommunications company has a market cap of $17.84 billion and an enterprise value of $46.03 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. While the return on equity of 22.35% is outperforming the sector, the return on assets of 1.96% is underperforming 51% of companies in the Communication Services industry. Its financial strength is rated 2 out of 10. The cash-debt ratio of 0.04 is below the industry median of 0.3.

The largest guru shareholder of the company is Dodge & Cox with 6.59% of outstanding shares, followed by Seth Klarman (Trades, Portfolio) with 5.74% and David Herro (Trades, Portfolio) with 1.87%.

The Cooper Companies

Carlson exited his The Cooper Companies Inc. (NYSE:COO) holding. The portfolio was impacted by -1.17%.

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The contact lenses manufacturer has a market cap of $14.38 billion and an enterprise value of $16.08 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 13.04% and return on assets of 7.19% are outperforming 70% of companies in the Medical Instruments and Equipment industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.06 is below the industry median of 1.05.

The largest guru shareholder of the company is Al Gore (Trades, Portfolio) with 3.81% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 1.36% and Ron Baron (Trades, Portfolio) with 0.48%.

Charles Schwab

The Charles Schwab Corp. (NYSE:SCHW) position was trimmed by 39.15%, impacting the portfolio by -0.87%.

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The company, which is engaged in the brokerage, banking and asset management businesses, has a market cap of $56.50 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 17.05% and return on assets of 1.35% are outperforming 53% of companies in the Brokers and Exchanges industry. Its financial strength is rated 4 out of 10 with no debt.

The largest guru shareholder of the company is Dodge & Cox with 6.37% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 2.41%, Al Gore (Trades, Portfolio) with 1.60% and Bill Nygren (Trades, Portfolio) with 0.73%.

Diamondback Energy

The guru closed the Diamondback Energy Inc. (NASDAQ:FANG) position. The trade had an impact of -0.60% on the portfolio.

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The independent oil and gas producer has a market cap of $12.09 billion and an enterprise value of $20.32 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 8.41% and return on assets of 5.15% are underperforming 73% of companies in the Oil and Gas - E&P industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.02 is below the industry median of 0.82.

The largest guru shareholder of the company is Nygren with 1.03% of outstanding shares, followed by Steven Cohen (Trades, Portfolio) with 0.86% and Pioneer Investments with 0.24%.

CME Group

The investor trimmed his CME Group Inc. (NASDAQ:CME) holding by 12.16%. The portfolio was impacted by -0.43%.

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The foreign exchange company has a market cap of $70.55 billion and an enterprise value of $73.64 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 7.9% and return on assets of 2.75% are outperforming 65% of companies in the Brokers and Exchanges industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.33 is below the industry median of 2.34.

The largest guru shareholder of the company is PRIMECAP Management with 0.56% of outstanding shares, followed by Pioneer Investments with 0.46% and Jim Simons (Trades, Portfolio)' Renaissance Technologies with 0.28%.

Verizon Communications

The Verizon Communications Inc. (NYSE:VZ) stake was closed. The portfolio was impacted by -0.42%.

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The telecom company has a market cap of $247.61 billion and an enterprise value of $376.75 billion.


GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 28.78% and return on assets of 5.83% are outperforming 73% of companies in the Communication Services industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.02 is below the industry median of 0.3.

The T Rowe Price Equity Income Fund (Trades, Portfolio) is the largest guru shareholder of the company with 0.16% of outstanding shares, followed by Pioneer Investments with 0.14% and Barrow, Hanley, Mewhinney & Strauss with 0.07%.

Pfizer

Carlson trimmed his Pfizer Inc. (NYSE:PFE) holding by 33.33%. The portfolio was impacted by -0.40%.

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The pharmaceutical company has a market cap of $210.35 billion and an enterprise value of $244.48 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 25.11% and the return on assets of 10.09% are outperforming 80% of companies in the Drug Manufacturers industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.38 is below the industry median of 0.62.

The largest guru shareholder of the company is the Vanguard Health Care Fund (Trades, Portfolio) with 1.0% of outstanding shares, followed by Ken Fisher (Trades, Portfolio) with 0.82%.

Disclosure: I do not own any stocks mentioned.

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This article first appeared on GuruFocus.