Cohen Becomes Advance Auto Parts' Leading Guru Shareholder

Guru also sells nearly all of holding in Amazon.com in 4th quarter

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Mar 05, 2016
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Steven Cohen (Trades, Portfolio), founder and manager of SAC Capital Advisors, became Advance Auto Parts’ (AAP, Financial) leading shareholder among the gurus with his fourth-quarter purchase of a 1,454,700-share stake in the stock.

Cohen’s most significant fourth-quarter transaction was the reduction of his stake in Amazon.com Inc. (AMZN, Financial), a Seattle-based ecommerce company, by nearly 99%. Cohen sold 610,100 shares for an average price of $633.28 per share. The deal had a -2.45% impact on Cohen’s portfolio.

Cohen’s remaining stake in Amazon.com is 8,100 shares, which is 0.05% of his total portfolio assets. Amazon.com’s leading shareholder among the gurus is Chase Coleman (Trades, Portfolio) with a stake of 3,193,590 shares. The stake is 0.68% of Amazon.com’s outstanding shares and 17.35% of Coleman (Trades, Portfolio)’s total assets.

Amazon.com has a P/E of 463.8, a forward P/E of 55, a P/B of 18.1 and a P/S of 2.6. GuruFocus gives Amazon.com a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.

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Amazon.com sold for $575.14 per share Friday.

Cohen trimmed his stake in Lululemon Athletica Inc. (LULU, Financial), a Canadian athletic apparel retailer, by almost 61%. Cohen sold 1,758,300 shares for an average price of $50.47 per share. The transaction had a -0.7% impact on Cohen’s portfolio.

Cohen’s remaining stake of 1,124,600 shares is 0.87% of the company’s outstanding shares and 0.49% of Cohen’s total portfolio assets. Lululemon’s leading shareholder among the gurus is Manning & Napier Advisors Inc. with a stake of 9,258,486 shares. The stake is 7.19% of the company’s outstanding shares and 2.61% of Manning & Napier’s total assets.

Lululemon has a P/E of 33.3, a forward P/E of 28.2, a P/B of 7.5 and a P/S of 4.4. GuruFocus gives Lululemon a Financial Strength rating of 9/10 with no debt and a Profitability and Growth rating of 8/10.

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Lululemon sold for $61.22 per share Friday.

Cohen paid an average price of $172.9 per share for his stake in Advance Auto Parts, a Roanoke, Virginia-based auto parts retailer. The deal had a 1.81% impact on his portfolio.

Cohen’s stake is 1.99% of the company’s outstanding shares and 1.81% of Cohen’s total assets.

Advance Auto Parts has a P/E of 23.8, a forward P/E of 15.5, a P/B of 4.5 and a P/S of 1.1. GuruFocus gives Advance Auto Parts a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.

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Advance Auto Parts sold for $152.37 per share Friday.

Cohen acquired a 5,705,300-share stake in Corning Inc. (GLW, Financial), a Corning, New York-based manufacturer of glass, ceramics and related materials, for an average price of $18.17 per share. The purchase had a 0.86% impact on Cohen’s portfolio.

Cohen’s stake is 0.51% of Corning’s outstanding shares and 0.86% of Cohen’s total portfolio assets. Dodge & Cox is Corning’s leading shareholder among the gurus with a stake of 57,804,025 shares. The stake is 5.19% of Corning’s outstanding shares and 1.04% of Dodge & Cox’s total assets.

Corning has a P/E of 21.1, a forward P/E of 11.6, a P/B of 0.1 and a P/S of 2.8. GuruFocus gives Corning a Financial Strength rating of 5/10 and a Profitability and Growth rating of 8/10.

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Corning sold for $18.96 per share Friday.

Cohen purchased a 2,982,000-share stake in CSRA Inc. (CSRA, Financial), a Falls Church, Virginia-based provider of IT solutions and professional services, for an average price of $29.54 per share. The acquisition had a 0.74% impact on Cohen’s portfolio.

Cohen’s stake is 1.84% of the company’s outstanding shares and 0.74% of Cohen’s total portfolio assets. CSRA’s leading shareholder among the gurus is Jana Partners (Trades, Portfolio) with a stake of 4,137,851 shares. The stake is 2.55% of CSRA’s outstanding shares and 1.75% of Jana Partners (Trades, Portfolio)’ total assets.

CSRA has a P/E of 30.7, a forward P/E of 13.3, a P/B of 20.5 and a P/S of 1.1. GuruFocus gives CSRA a Financial Strength rating of 5/10 and a Profitability and Growth rating of 3/10.

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CSRA sold for $25.82 per share Friday.

Cohen raised his stake in Nike Inc. (NKE, Financial), a Washington County, Oregon-based apparel and accessories company, by more than 1,685%. Cohen bought 2,482,300 shares for an average price of $64.56 per share. The transaction had a 1.28% impact on Cohen’s portfolio.

Cohen’s stake, now 2,629,600 shares, is 0.15% of the company’s outstanding shares and 1.36% of the guru’s total assets. Steve Mandel (Trades, Portfolio) is Nike’s leading shareholder among the gurus with a stake of 11,496,188 shares. The stake is 0.67% of Nike’s outstanding shares and 3.07% of Mandel’s total assets.

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Nike sold for $61.26 per share Friday.

Cohen boosted his stake in Signet Jewelers Ltd. (SIG, Financial), a diamond jewelry retailer headquartered in Akron, Ohio, by nearly 334% with the purchase of 1,026,356 shares for an average price of $135.22 per share. The deal had a 1.05% impact on Cohen’s portfolio.

Cohen’s stake of 1,334,100 shares is 1.68% of Signet’s outstanding shares and 1.36% of Cohen’s total assets. Alan Fournier (Trades, Portfolio) is Signet’s leading shareholder among the gurus with a stake of 1,588,401 shares. The stake is 2% of Signet’s outstanding shares and 5% of Fournier’s total assets.

Signet has a P/E of 21.2, a forward P/E of 13.7, a P/B of 3.1 and a P/S of 1.4. GuruFocus gives Signet a Financial Strength rating of 9/10 and a Profitability and Growth rating of 7/10.

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Signet sold for $111.86 per share Friday.

Cohen made a 197,825% increase in his stake in McDonald’s Corp. (MCD, Financial), the Oak Brook, Illinois-based hamburger chain, with his purchase of 791,300 shares for an average price of $112.16 per share. The acquisition had a 0.77% impact on Cohen’s portfolio.

Cohen’s stake, now 791,700 shares, is 0.09% of McDonald’s outstanding shares and 0.77% of Cohen’s total assets. First Eagle Investment (Trades, Portfolio)s is McDonald’s leading shareholder among the gurus with a stake of 2,886,125 shares. The stake is 0.32% of McDonald’s outstanding shares and 0.85% of First Eagle’s total assets.

McDonald’s has a P/E of 24.4, a forward P/E of 19.2, a P/B of 15.2 and a P/S of 4.4. GuruFocus gives McDonald’s a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10.

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McDonald’s sold for $117.18 per share Friday.

Cohen hiked his stake in Dollar Tree Stores Inc. (DLTR, Financial), a discount retail chain based in Chesapeake, Virginia, by more than 408%. Cohen purchased 1,076,000 shares for an average price of $70.15 per share. The transaction had a 0.68% impact on Cohen’s portfolio.

Cohen’s stake of 1,339,700 shares is 0.57% of Dollar Tree’s outstanding shares and 0.85% of Cohen’s total assets. Mandel is Dollar Tree’s leading shareholder among the gurus with a stake of 13,194,122 shares. The stake is 5.62% of Dollar Tree’s outstanding shares and 4.35% of Mandel’s total assets.

Dollar Tree has a P/E of 65.3, a forward P/E of 21.3, a P/B of 4 and a P/S of 1.3. GuruFocus gives Dollar Tree a Financial Strength rating of 6/10 and a Profitability and Growth rating of 8/10.

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Dollar Tree sold for $78.39 per share Friday.

Cohen sold his 2,174,000-share stake in Comcast Corp. (CMCSA, Financial), a Philadelphia-based mass media company, for an average price of $60.24 per share. The divestiture had a -0.97% impact on Cohen’s portfolio.

Comcast’s leading shareholder among the gurus is Dodge & Cox with a stake of 43,935,531 shares. The stake is 1.79% of Comcast’s outstanding shares and 2.43% of Dodge & Cox’s total assets.

Comcast has a P/E of 18.4, a forward P/E of 15.1, a P/B of 2.6 and a P/S of 2. GuruFocus gives Comcast a Financial Strength rating of 7/10 and a Profitability and Growth rating of 9/10.

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Comcast sold for $59.74 per share Friday.

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