Deep Value Investor James Barrow Unloads Six

By
A A A
Share |

In the recent portfolio update of Guru James Barrow , executive director of Barrow, Hanley, Mewhinney & Strauss of Dallas, Texas, GuruFocus research shows 159 stocks, seven of them new, with a total value of $5.55 billion and a quarter-over-quarter turnover of 6%. GuruFocus research also shows that James Barrow sold out large holdings in six companies in the first quarter of 2013.

All trade details are as of March 31, 2013:

Sold Out: Synovus Financial Corp. ( SNV ) - Banks - Regional - US

After 13 quarters of gaining in all but two quarters in 2010, James Barrow sold out his position by unloading around 27.5 million shares of SNV, at an average price of $2.65 for a gain of 2.6%. His highest gain was 95.7% in the fourth quarter of 2011.

This trade impacts his portfolio by -0.14%.

The current share price is $2.72 compared to past valuations.



Sold Out: Applied Materials Inc. ( AMAT ) - Semiconductor Equipment and Materials

After 20 quarters of gaining in all but three quarters, James Barrow sold out his position by unloading around 4 million shares of AMAT, at an average price of $13.03 for a gain of 11.3%. His highest gain was 46.9% in the first quarter of 2009.

This trade impacts his portfolio by -0.09%.

The current share price is $14.50 compared to past valuations.



Sold Out: Western Union Company ( WU ) - Specialty Finance

After nine quarters of losing in all but two quarters, James Barrow sold out his position by unloading a little more than 3 million shares of WU, at an average price of $14.18 for a gain of 16%, his highest gain.

This trade impacts his portfolio by -0.08%.

The current share price is $16.45 compared to past valuations.



Sold Out: Bristol-Myers Squibb Company ( BMY ) - Drug Manufacturers - Major

After 20 quarters of gains, James Barrow sold out his position by unloading 795,409 shares of BMY, at an average price of $36.69 for a gain of 29.2%. His highest gains were six quarters of 120% or higher in 2008 and 2009.

This trade impacts his portfolio by -0.05%.

The current share price is $47.40 compared to past valuations.



Sold Out: Corning Inc. ( GLW ) - Electronic Components

After 13 mixed quarters of holding, James Barrow sold out his position by unloading around 1.48 million shares of GLW, at an average price of $12.56 for a gain of 24.7%. His highest gain was 28.7% in the first quarter of 2013.

This trade impacts his portfolio by -0.04%.

The current share price is $15.66 compared to past valuations.



Sold Out: ADT Corporation ( ADT ) - Security and Protection Services

After 2 quarters of holding, James Barrow sold out his position by unloading around 207,942 shares of ADT, at an average price of $47.69 for a loss of 11.2%. His highest gain was 0.8% in the fourth quarter of 2012.

This trade impacts his portfolio by -0.02%.

The current share price is $42.33 compared to past valuations.



A mutual fund company, Barrow, Hanley, Mewhinney & Strauss has $70 billion in assets under management and provides value-oriented investment strategies to institutional investors, mutual funds, and family offices since 1979. Guru James Barrow is executive director and also manages his firm's Large Cap Value & Mid Cap Value Equity Portfolio; he is the lead portfolio manager for the Vanguard Windsor II and Selected Value Funds.



If you are not a Premium Member, we invite you for a 7-day Free Trial .

The GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing

Referenced Stocks: AMAT , BMY , GLW , SNV , WU

GuruFocus

GuruFocus

More from GuruFocus:

Related Videos

Stocks

Referenced

Most Active by Volume

93,000,046
  • $15.98 ▼ 2.50%
39,638,325
  • $58.89 ▼ 0.34%
35,789,517
  • $36.44 ▲ 6.52%
32,902,272
  • $26.94 ▲ 0.64%
19,928,207
  • $85.75 ▲ 0.82%
16,054,282
  • $3.12 ▲ 0.97%
15,976,650
  • $13.27 ▲ 1.69%
13,445,167
  • $25.967 ▲ 0.57%
As of 4/16/2014, 12:00 PM