Jerome Dodson (Trades, Portfolio), president and portfolio manager of Parnassus Investments, sold shares of the following stocks in the second quarter.
The guru closed out of his 3M Co. (NYSE:MMM) position. The trade had an impact of -2.99% on the portfolio.
The manufacturer of popular products such as Scotch tape and Post-it Notes has a market cap of $102.19 billion and an enterprise value of $115.93 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 48.89% and return on assets of 13.01% are outperforming 89% of companies in the Industrial Products industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.18 is below the industry median of 0.86.
The largest guru shareholder of the company is First Eagle Investment (Trades, Portfolio) with 0.70% of outstanding shares, followed by Mairs and Power (Trades, Portfolio) with 0.30% and Jeremy Grantham (Trades, Portfolio) with 0.30%.
Dodson sold out of Zayo Group Holdings Inc. (NYSE:ZAYO). The portfolio was impacted by -2.70%.
The company, which provides fiber-based communication infrastructure services, has a market cap of $7.95 billion and an enterprise value of $13.82 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. While the return on equity of 9.19% is outperforming the sector, the return on assets of 1.40% is underperforming 84% of companies in the Communication Equipment industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.03 is below the industry median of 1.5.
The largest guru shareholder of the company is Dodge & Cox with 12.21% of outstanding shares, followed by Louis Moore Bacon (Trades, Portfolio) with 0.47% and Pioneer Investments (Trades, Portfolio) with 0.47%.
The investor exited his Charles Schwab Corp. (NYSE:SCHW) position. The portfolio was impacted by -2.31%.
The company, which is engaged in the brokerage, banking and asset management businesses, has a market cap of $57.43 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. While the return on equity of 17.13% is outperforming the sector, the return on assets of 1.35% is underperforming 74% of companies in the Brokers and Exchanges industry. Its financial strength is rated 5 out of 10 with no debt.
The company's largest guru shareholder is Dodge & Cox with 5.72% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 2.36% and Al Gore (Trades, Portfolio) with 1.57%.
The guru exited his Belmond Ltd. (NYSE:BEL) holding, impacting the portfolio by -2.06%.
The company, which operates boutique luxury hotel properties, has a market cap of $2.58 billion and an enterprise value of $3.23 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of -4.21% and return on assets of -1.68% are outperforming 100% of companies in the Travel and Leisure industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.14 is below the industry median of 0.51.
The company's largest guru shareholder is Mason Hawkins (Trades, Portfolio)' Southeastern Asset Management with 1.15% of outstanding shares, followed by Mario Gabelli (Trades, Portfolio) with 0.90% and Jim Simons (Trades, Portfolio)' Renaissance Technologies with 0.06%.
Dodson sold out of Mattel Inc. (NASDAQ:MAT), impacting the portfolio by -2.01%.
The toy manufacturer has a market cap of $5 billion and an enterprise value of $8.07 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of -46.01% and return on assets of -5.22% are underperforming 100% of companies in the Travel and Leisure industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.06 is below the industry median of 0.51.
PRIMECAP Management is the largest guru shareholder of the company with 14.72% of outstanding shares, followed by the Dodge & Cox with 10.72% and Hawkins' firm with 10.38%.
The guru sold out of Axalta Coating Systems Ltd. (NYSE:AXTA), impacting the portfolio by -1.83%.
The company, which manufactures coatings for the automotive industry, has a market cap of $7.07 billion and an enterprise value of $10.40 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. While the return on equity of 16.43% is outperforming the sector, the return on assets of 3.05% is underperforming 75% of companies in the Chemicals industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.15 is below the industry median of 0.64.
Warren Buffett (Trades, Portfolio) is the company's largest guru shareholder with 10.34% of outstanding shares, followed by Diamond Hill Capital (Trades, Portfolio) with 4.46% and Barrow, Hanley, Mewhinney & Strauss with 2.02%.
Disclosure: I do not own any stocks mentioned.
Read more here:
- 6 Underperforming Stocks in Gurus' Portfolios
- T. Rowe Price Buys Fox, General Electric
- 5 Undervalued Stocks Growing Their Book Values
Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here.
This article first appeared on GuruFocus.
- Warning! GuruFocus has detected 4 Warning Signs with EGO. Click here to check it out.
- MMM 15-Year Financial Data
- The intrinsic value of MMM
- Peter Lynch Chart of MMM