The number of stakes Wallace Weitz (Trades, Portfolio), portfolio manager of Weitz Value Fund, Weitz Hickory Fund and Weitz Partners Value Fund, reduced in the fourth quarter far outnumbered his new buys, exited positions and adds to existing stakes.
Weitz’s most significant reduction was his sale of nearly 70% of his stake in Oracle Corp. (ORCL, Financial), a Redwood City, California-based computer technology company. Weitz sold 994,384 shares for an average price of $38.22 per share. The deal had a -1.13% impact on Weitz’s portfolio.
Weitz’s remaining stake of 427,498 shares is 0.01% of Oracle’s outstanding shares and 0.54% of Weitz’s total assets. Oracle’s leading shareholder among the gurus is First Eagle Investment (Trades, Portfolio) with a stake of 39,400,073 shares. The stake is 0.94% of the company’s outstanding shares and 3.6% of First Eagle’s total assets.
Oracle has a P/E of 18.2, a forward P/E of 13.1, a P/B of 3.5 and a P/S of 4.5. GuruFocus gives Oracle a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.
Oracle sold for $37.94 per share Friday.
Weitz sold nearly all of his stake in Alphabet Inc. (GOOGL, Financial), the Mountain View, California-based parent company of Google. Weitz sold 48,365 shares for an average price of $742.51 per share. The transaction had a -0.97% impact on Weitz’s portfolio.
Weitz’s remaining stake of 205 shares is 0.01% of his total assets. GOOGL’s leading shareholder among the gurus is PRIMECAP Management (Trades, Portfolio) with a stake of 2,577,639 shares. The stake is 0.37% of GOOGL’s outstanding shares and 2.05% of PRIMECAP’s total assets.
Weitz also sold a portion of his stake in Alphabet’s GOOG component. The guru sold 21,210 shares, more than 16% of that stake, for an average price of $720.15 per share. That transaction had a -0.4% impact on Weitz’s portfolio.
Weitz’s remaining stake in the GOOG component is 107,352 shares, which is 0.02% of GOOG’s outstanding shares and 2.8% of Weitz’s total assets. GOOG’s leading shareholder among the gurus is Dodge & Cox with 3,278,856 shares in its portfolio. The stake is 0.48% of GOOG’s outstanding shares and 2.44% of Dodge & Cox’s total assets.
Alphabet has a P/E of 32.1, a forward P/E of 18.7, a P/B of 4.2 and a P/S of 6.7. GuruFocus gives Alphabet a Financial Strength rating of 9/10 and a Profitability and Growth rating of 8/10.
GOOGL sold for $730.38 per share Friday.
GOOG sold for $711.51 per share Friday.
Weitz trimmed his stake in Core Laboratories NV (CLB, Financial), a Houston-based provider of core and fluid analysis in the petroleum industry, by nearly 96%. Weitz sold 219,200 shares for an average price of $114.75 per share. The deal had a -0.69% impact on Weitz’s portfolio.
Weitz’s remaining stake of 10,000 shares is 0.02% of the company’s outstanding shares and 0.04% of Weitz’s total assets. David Rolfe (Trades, Portfolio) is Core Laboratories’ leading shareholder among the gurus with a stake of 1,935,874 shares. The stake is 4.57% of the company’s outstanding shares and 3.61% of Rolfe’s total assets.
Core Laboratories has a P/E of 43.3, a forward P/E of 46.5 and a P/S of 6.2. GuruFocus gives Core Laboratories a Financial Strength rating of 6/10 and a Profitability and Growth rating of 8/10.
Core Laboratories sold for $114.82 per share Friday.
Weitz sold nearly 22% of his stake in TransDigm Group Inc. (TDG, Financial), a Cleveland-based manufacturer of commercial and military aerospace components. Weitz sold 103,278 shares for an average price of $225.43 per share. The transaction had a -0.69% impact on Weitz’s portfolio.
Weitz’s remaining stake of 377,079 shares is 0.71% of the company’s outstanding shares and 2.96% of Weitz’s total assets. Steve Mandel (Trades, Portfolio) is TransDigm’s leading shareholder among the gurus with a stake of 2,171,359 shares. The stake is 4.06% of TransDigm’s outstanding shares and 2.12% of Mandel’s total assets.
TransDigm has a P/E of 27.2, a forward P/E of 18.5 and a P/S of 4.4. GuruFocus gives TransDigm a Financial Strength rating of 5/10 and a Profitability and Growth rating of 9/10.
TransDigm sold for $222.99 per share Friday.
Weitz sold nearly 30% of his stake in Endo International PLC (ENDP, Financial), a health care company with offices in Dublin and Pennsylvania. Weitz sold 287,555 shares for an average price of $60.66 per share, leaving him with a stake of 684,923 shares. The deal had a -0.62% impact on Weitz’s portfolio.
Weitz’s stake is 0.31% of Endo International’s outstanding shares and 1.44% of Weitz’s total assets. Endo Interntional’s leading shareholder among the gurus is Andreas Halvorsen (Trades, Portfolio) with a stake of 4,520,954 shares. The stake is 2.03% of the company’s outstanding shares and 1.04% of Halvorsen’s total assets.
Endo International has a forward P/E of 6.2, a P/B of 1.4 and a P/S of 2.6. GuruFocus gives Endo International a Financial Strength rating of 5/10 and a Profitability and Growth rating of 6/10.
Endo Interntional sold for $42.74 per share Friday.
Weitz pared his stake in Discovery Communications Inc. (DISCA, Financial), a mass media and entertainment company based in Silver Spring, Maryland, by almost 24%. Weitz sold 682,341 shares for an average price of $28.94 per share. The transaction had a -0.56% impact on Weitz’s portfolio.
Weitz’s remaining stake of 2,192,659 shares is 0.54% of Discovery’s outstanding shares and 2.01% of Weitz’s total assets. Discovery’s leading shareholder among the gurus is HOTCHKIS & WILEY with a stake of 9,875,281 shares. The stake is 2.41% of Discovery’s outstanding shares and 1.07% of HOTCHKIS & WILEY’s total assets.
Discovery has a P/E of 17.4, a forward P/E of 12.2, a P/B of 2.1 and a P/S of 2.8. GuruFocus gives Discovery a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
Discovery sold for $27.52 per share Friday.
Weitz sold more than 23% of his stake in Motorola Solutions Inc. (MSI, Financial), a Chicago-based telecommunications equipment company. Weitz sold 255,067 shares for an average price of $69.78 per share, leaving him with a stake of 837,746 shares. The deal had a -0.55% impact on Weitz’s portfolio.
Weitz’s stake is 0.48% of Motorola Solutions’ outstanding shares and 1.97% of Weitz’s total assets. Jeff Ubben (Trades, Portfolio) is Motorola Solutions’ leading shareholder among the gurus with a stake of 17,588,576 shares. The stake is 10.09% of Motorola Solutions’ outstanding shares and 8.33% of Ubben’s total assets.
Motorola Solutions has a P/E of 22.6, a forward P/E of 14.6 and a P/S of 2.5. GuruFocus gives Motorola Solutions a Financial Strength rating of 8/10 and a Profitability and Growth rating of 6/10.
Motorola Solutions sold for $71.08 per share Friday.
Weitz trimmed his stake in Liberty Media Corporation (LMCA, Financial), a Douglas County, Colorado-based mass media company, by nearly 44%. Weitz sold 482,010 shares for an average price of $39.67, leaving him with a stake of 619,523 shares. The transaction had a -0.54% impact on Weitz’s portfolio.
Weitz’s stake is 0.19% of Liberty Media’s outstanding shares and 0.84% of Weitz’s total assets. The leading shareholder among the gurus is Warren Buffett (Trades, Portfolio) with a stake of 7.8 million shares. The stake is 2.33% of Liberty Media’s outstanding shares and 0.23% of Buffett’s total assets.
Weitz also sold nearly 8% of his stake in Liberty Media’s LMCK component. Weitz sold 358,017 shares for an average price of $38.32 per share. The deal had a -0.39% impact on Weitz’s portfolio.
Weitz’s remaining stake in LMCK of 4,377,106 shares is 1.31% of the company’s outstanding shares and 5.74% of Weitz’s total assets. LMCK’s leading shareholder among the gurus is Buffett with a stake of 15,386,257 shares. The stake is 4.6% of the company’s outstanding shares and 0.44% of Buffett’s total assets.
LMCA has a P/E of 210.1, a forward P/E of 92.6, a P/B of 1.2 and a P/S of 2.7. LMCK has a P/E of 204, a forward P/E of 92.6, a P/B of 1.1 and a P/S of 2.6. GuruFocus gives Liberty Media a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
LMCA sold for $37.94 per share Friday.
LMCK sold for $36.81 per share Friday.
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