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T Rowe Price Sells US Bancorp, JPMorgan

- By Tiziano Frateschi

The investment management firm T Rowe Price Equity Income Fund (Trades, Portfolio) sold shares of the following stocks during the fourth quarter.


The guru trimmed its US Bancorp (USB) holding by 18.38%. The trade had an impact of -0.34% on the portfolio.

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The multi-state financial holding has a market cap of $81.03 billion and an enterprise value of $132.33 billion.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 13.61% and return on assets of 1.53% are outperforming 78% of companies in the Global Banks - Regional - US industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.39 is below the industry median of 1.22.

The company's largest shareholder among the gurus is Warren Buffett (Trades, Portfolio)'s Berkshire Hathaway with 7.73% of outstanding shares, followed by First Eagle Investment (Trades, Portfolio) with 0.73%, Chris Davis (Trades, Portfolio) with 0.57% and Mairs and Power (Trades, Portfolio) with 0.41%.

The firm curbed its JPMorgan Chase & Co. (JPM) position by 8.04%. The trade had an impact of -0.31% on the portfolio.

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The financial institution has a market cap of $337.21 billion and an enterprise value of $280.64 billion.

GuruFocus gives the company a profitability and growth rating of 3 out of 10. The return on equity of 11.95% and return on assets of 1.25% are outperforming 62% of companies in the Global Banks - Global industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.79 is below the industry median of 1.22.

The largest shareholder of the company is Buffett's firm with 1.07% of outstanding shares, followed by Dodge & Cox with 0.75%, PRIMECAP Management (Trades, Portfolio) with 0.7% and Barrow, Hanley, Mewhinney & Strauss with 0.36%.

The KeyCorp. (KEY) stake was cut by 42.39%. The trade had an impact of -0.30% on the portfolio.

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The company which operates in the provision of retail and commercial banking, has a market cap of $17.23 billion and an enterprise value of $30.58 billion.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 11.85% and return on assets of 1.35% are outperforming 54% of companies in the Global Banks - Regional - US industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.05 is below the industry median of 1.22.

Barrow, Hanley, Mewhinney & Strauss is the company's largest shareholder among the gurus with 1.29% of outstanding shares, followed by Richard Pzena (Trades, Portfolio) with 0.68%, Pioneer Investments (Trades, Portfolio) with 0.32% and Lee Ainslie (Trades, Portfolio)'s Maverick Capital ltd with 0.07%.

The guru sold 47.96% of its Nucor Corp. (NUE) stake. The trade impacted the portfolio by -0.29%.

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The producer of steel and steel products has a market cap of $18.11 billion and an enterprise value of $20.85 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 23.02% and return on assets of 12.51% are outperforming 87% of companies in the Global Steel industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 0.45 is above the industry median of 0.29.

The company's largest guru shareholder is Pioneer Investments (Trades, Portfolio) with 0.64% of outstanding shares, followed by Ray Dalio (Trades, Portfolio)'s Bridgewater Associates with 0.05%, Ken Fisher (Trades, Portfolio) with 0.04% and Caxton Associates (Trades, Portfolio) with 0.03%.

The Citigroup Inc. (C) holding was reduced 20.71%, impacting the portfolio by -0.25%.

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The company which provides banking services, investment banking and various other products and services, has a market cap of $146.49 billion.

GuruFocus gives the company a profitability and growth rating of 3 out of 10. The return on equity of 8.55% and the return on assets of 0.95% are underperforming 94% of companies in the Global Banks - Global industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.71 is below the industry median of 1.22.

Jeff Ubben (Trades, Portfolio)'s ValueAct Holdings is the company's largest shareholder among the gurus with 1.07% of outstanding shares, followed by HOTCHKIS & WILEY with 0.44%, Bill Nygren (Trades, Portfolio)'s Oakmark Fund with 0.39% and Diamond Hill Capital (Trades, Portfolio) with 0.37%.

The Medtronic PLC (MDT) position was trimmed 14.18%, impacting the portfolio by -0.23%.

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The medical technology company has a market cap of $116.84 billion and an enterprise value of $131.85 billion.

GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 4.48% and return on assets of 2.46% are outperforming 59% of companies in the Global Medical Devices industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.41 is below the industry median of 2.32.

The largest guru shareholder of the company is Dodge & Cox with 1.31% of outstanding shares, followed by Vanguard Health Care Fund (Trades, Portfolio) with 0.97%.

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

This article first appeared on GuruFocus.