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Dodge & Cox Buys FedEx and Fox

- By Tiziano Frateschi

Dodge & Cox, which manages six no-load mutual funds, bought shares of the following stocks during the first quarter.

The guru added 22.38% to its FedEx Corp. (FDX) position. The trade had an impact of 0.53% on the portfolio.

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The express delivery firm has a market cap of $43.77 billion and an enterprise value of $59.32 billion.


GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 18.78% and return on assets of 6.89% are outperforming 85% of companies in the Integrated Shipping and Logistics industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.16 is below the industry median of 0.3.

The company's largest guru shareholder is Dodge & Cox with 7.49% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 5.78% and Bill Gates (Trades, Portfolio) with 1.16%.

The firm raised its holding of Schlumberger Ltd. (SLB) by 30.7%. The trade had an impact of 0.46% on the portfolio.

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The company, which provides products and services to the oil and gas industry, has a market cap of $54.71 billion and an enterprise value of $69.53 billion.


GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 5.58% and return on assets of 2.89% are underperforming 52% of companies in the Oil and Gas Equipment and Services industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.13 is below the industry median of 0.49.

The company's largest guru shareholder is Dodge & Cox with 3.91% of outstanding shares, followed by First Eagle Investment (Trades, Portfolio) with 2.02%, Barrow, Hanley, Mewhinney & Strauss with 1.39% and Ken Fisher (Trades, Portfolio) with 0.80%.

The guru increased its holding in TE Connectivity Ltd. (TEL) by 27.5%. The portfolio was impacted by 0.44%.

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The company, which operates in the connectors and sensors industry, has a market cap of $30.07 billion and an enterprise value of $33.49 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 28.28% and return on assets of 14.57% are outperforming 93% of companies in the Electronic Components industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 0.14 is below the industry median of 1.26.

The largest guru shareholder of the company is Dodge & Cox with 9.17% of outstanding shares, followed by Bill Nygren (Trades, Portfolio) with 1.46% and Al Gore (Trades, Portfolio) with 1.35%.

The guru established a new position in Fox Corp. (FOXA), buying 13.27 million shares. The portfolio was impacted by 0.40%.

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The company has a market cap of $23.25 billion and an enterprise value of $27.21 billion.


GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 17.59% and return on assets of 13.82% are outperforming 100% of companies in the Broadcasting - TV industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.42 is below the industry median of 0.82.

The largest guru shareholder of the company is Seth Klarman (Trades, Portfolio)'s The Baupost Group with 4.40% of outstanding shares, followed by Dodge & Cox with 2.14%, Daniel Loeb (Trades, Portfolio) with 1.57% and Paul Singer (Trades, Portfolio) with 0.56%.

The guru added 24.715 to its United Technologies Corp. (UTX) stake. The portfolio was impacted by 0.32%.

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The company, which provides aerospace and building components and systems, has a market cap of $117.30 billion and an enterprise value of $158.45 billion.

GuruFocus gives the holding company a profitability and growth rating of 7 out of 10. The return on equity of 15.44% and return on assets of 4.53% are outperforming 64% of companies in the Aerospace and Defense industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.14 is below the industry median of 0.53.

The largest guru shareholder of the company is Dodge & Cox with 1.78% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 1.20% and Chris Davis (Trades, Portfolio) with 0.96%.

The guru increased its DISH Network Corp. (DISH) position by 49.85%, impacting the portfolio by 0.25%.

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The provider of pay-TV service has a market cap of $16.42 billion and an enterprise value of $29.17 billion.


GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 18.91% and return on assets of 5.08% are outperforming 78% of companies in the Pay TV industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.16 is below the industry median of 0.30.


Another notable guru shareholder of the company is John Paulson (Trades, Portfolio) with 1.06% of outstanding shares followed by Mario Gabelli (Trades, Portfolio)'s GAMCO Investors with 0.52% and Jim Simons (Trades, Portfolio)' Renaissance Technologies with 0.20%.

The firm added 56.32% to its Molson Coors Brewing Co. (TAP) position. The portfolio was impacted by 0.24%.

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The company has a market cap of $12.72 billion and an enterprise value of $22.85 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 7.27% and return on assets of 3.27% are outperforming 54% of companies in the Beverages - Brewers industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.02 is below the industry median of 0.79.

Another notable guru shareholder of the company is John Rogers (Trades, Portfolio) with 0.51% of outstanding shares, followed by Diamond Hill Capital (Trades, Portfolio) with 0.26%, the Simons' firm with 0.15% and Pioneer Investments (Trades, Portfolio) with 0.11%.

Disclosure: I do not own any stocks mentioned.

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This article first appeared on GuruFocus.