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Pioneer Investments Boosts JPMorgan, BlackRock, Comcast

- By Tiziano Frateschi

Pioneer Investments (Trades, Portfolio) operates in wide areas of investment vehicles: mutual funds, single manager hedge funds, funds of hedge funds, structured products, segregated and managed accounts and institutional funds. During the fourth quarter the firm bought shares in the following stocks:


The guru increased its shares in JPMorgan Chase & Co. (JPM) by 107.20% with an impact of 0.97% on the portfolio.

The company is a financial services firm and a banking institution. Its segments are Consumer Community Banking, Corporate Investment Bank, Commercial Banking and Asset Management.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The return on equity (ROE) of 9.17% and return on assets (ROA) of 1.01% are outperforming 56% of the companies in the Global Banks - Global industry. Financial strength has a rating of 6 out of 10. The cash to debt of 11.31 is below the industry median of 1.88.

The largest shareholder among the gurus is Dodge & Cox with 0.75% of outstanding shares followed by PRIMECAP Management (Trades, Portfolio) with 0.66%, Barrow, Hanley, Mewhinney & Strauss with 0.62%, Chris Davis (Trades, Portfolio) with 0.47%, Ken Fisher (Trades, Portfolio) with 0.39% and T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.29%.

The fund boosted its position in BlackRock Inc. (BLK) by 1,127.52%. The trade had an impact of 0.61% on the portfolio.

The company along with its subsidiaries provides investment management services to institutional clients and to individual investors through various investment vehicles. Fourth-quarter revenue grew 1% from the same quarter of a year before and 2% from a quarter before. GAAP net income decreased 1% year over year and 3% quarter on quarter.

GuruFocus gives the stock a profitability and growth rating of 9 out of 10. While the ROE of 11.05% is outperforming the sector, the ROA of 1.42% is underperforming 56% of the companies in the Global Asset Management industry. Financial strength has a rating of 6 out of 10. The cash to debt of 1.26 is above the industry median of 9,999.0.

Manning & Napier Advisors Inc. is the largest shareholder among the gurus with 0.34% of outstanding shares followed by Tom Gayner (Trades, Portfolio) with 0.1%, Jim Simons (Trades, Portfolio) with 0.05%, Fisher with 0.05% and Ray Dalio (Trades, Portfolio) with 0.03%.

The firm raised its holding in CVS Health Corp. (CVS) by 38.79% with an impact of 0.61% on the portfolio.

It is an integrated pharmacy health care provider. The company has three segments: Pharmacy Services, Retail Pharmacy and Corporate. During the fourth quarter net revenue grew 11.7%, and adjusted earnings per share increased 13%. The company reported an increase of $266 million for consolidated operating profit.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The ROE of 14.68% and ROA of 5.70% are outperforming 70% of the companies in the Global Health Care Plans industry. Financial strength has a rating of 6 out of 10. The cash to debt of 0.13 is above the industry median of 1.02.

The largest shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with 1.78% of outstanding shares followed by PRIMECAP Management with 0.33%, NWQ Managers (Trades, Portfolio) with 0.13%, Jeremy Grantham (Trades, Portfolio) with 0.11%, Mario Gabelli (Trades, Portfolio) with 0.1%, Joel Greenblatt (Trades, Portfolio) with 0.1%, RS Investment Management (Trades, Portfolio) with 0.09% and Charles de Vaulx (Trades, Portfolio) with 0.07%.

The investor raised its position in Amazon.com Inc. (AMZN) by 45.75%, and the trade had an impact of 0.6% on the portfolio.

The company sells its products through the website which provides services such as advertising services and co-branded credit card agreements. It also offers electronic devices like Kindle e-readers and Fire tablets.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The ROE of 14.50% and ROA of 3.43% are outperforming 58% of the companies in the Global Specialty Retail industry. Financial strength has a rating of 7 out of 10. The cash to debt of 1.71 is above the industry median of 0.84.

Frank Sands (Trades, Portfolio) is the largest shareholder among the gurus with 0.48% of outstanding shares followed by Spiros Segalas (Trades, Portfolio) with 0.46%, Fisher with 0.42%, Davis with 0.4%, Andreas Halvorsen (Trades, Portfolio) with 0.34%, Chase Coleman (Trades, Portfolio) with 0.29% and Steve Mandel (Trades, Portfolio) with 0.27%.

The firm raised its position in Johnson & Johnson (JNJ) by 39.82% with an impact of 0.57% on the portfolio.

It is a holding company that is engaged in the research and development, manufacture and sale of products in the health care field within its Consumer, Pharmaceutical and Medical Devices, and Diagnostics business segments. Fourth-quarter sales grew 1.7% year over year and operational sales increased 2.3%. Net earnings and diluted earnings per share (EPS) were $3.8 billion and $1.38.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The ROE of 22.78% and ROA of 11.85% are outperforming 83% of the companies in the Global Drug Manufacturers - Major industry. Financial strength has a rating of 7 out of 10 with cash to debt of 1.55 that is below the industry median of 2.56.

The largest shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with 0.44% of outstanding shares followed by Fisher with 0.4%, Donald Yacktman (Trades, Portfolio) with 0.22%, Grantham with 0.19%, Pioneer Investments with 0.18%, Yacktman Fund (Trades, Portfolio) with 0.13%, Simons with 0.13% and T Rowe Price Equity Income Fund with 0.13%.

The firm raised its stake in Comcast Corp. Class A (CMCSA) by 4,276.73%. The trade had an impact of 0.46% on the portfolio.

It is a media and technology company. Its business segments are: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks. It reported an increase of 9.2% for consolidated revenue and 6.6% increase for operating income. Operating cash flow grew 7.8%.

GuruFocus gives the stock a profitability and growth rating of 9 out of 10. The ROE of 16.38% and ROA of 5.01% are outperforming 68% of the companies in the Global Pay TV industry. Financial strength has a rating of 5 out of 10. The cash to debt of 0.08 is below the industry median of 0.42.

The largest shareholder among the gurus is Dodge & Cox with 1.62% of outstanding shares followed by First Eagle Investment (Trades, Portfolio) with 0.94%, Fisher with 0.53%, HOTCHKIS & WILEY with 0.18%, T Rowe Price Equity Income Fund with 0.16%, Diamond Hill Capital (Trades, Portfolio) with 0.16%, Tom Russo (Trades, Portfolio) with 0.15%, Bill Nygren (Trades, Portfolio) with 0.12% and Coleman with 0.11%.

The guru boosted its holding in UnitedHealth Group Inc. (UNH) by 1,089.83% with an impact of 0.41% on the portfolio.

The company designs products, provides services and applies technologies that improve access to health and well-being services, simplify the health care experience and make health care more affordable.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of 19.35% and ROA of 5.90% are outperforming 76% of the companies in the Global Health Care Plans industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.40 is below the industry median of 1.02.

The largest shareholder among the gurus is Vanguard Health Care Fund (Trades, Portfolio) with 2.38% of outstanding shares followed by Dodge & Cox with 1.09%, Grantham with 0.41%, Davis with 0.32%, Nygren with 0.25%, Halvorsen with 0.23%, Barrow, Hanley, Mewhinney & Strauss with 0.18% and Sarah Ketterer (Trades, Portfolio) with 0.11%.

The guru increased its Intel Corp. (INTC) stake by 126.17% with an impact of 0.38% on the portfolio.

The company is a semiconductor chip-maker. It develops integrated digital technology products like integrated circuits, for industries such as computing and communications.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of 16.48% and ROA of 9.51% are outperforming 85% of the companies in the Global Semiconductors industry. Financial strength has a rating of 7 out of 10. The cash to debt of 0.68 is below the industry median of 1.66.

The largest shareholder among the gurus is PRIMECAP Management with 0.67% of outstanding shares followed by Fisher with 0.42%, Nygren with 0.23%, Richard Pzena (Trades, Portfolio) with 0.17%, Barrow, Hanley, Mewhinney & Strauss with 0.05% and Grantham with 0.05%.

Disclosure: I do not own any shares of any stocks mentioned in this article.

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This article first appeared on GuruFocus.