Four Major Reductions by NWQ Managers

By
A A A

The stocks bought by NWQ Investment Management Company over the past 12 months averaged a return of 22.69%. As of the third quarter, the portfolio lists 160 stocks, 17 of them new, a total value at $10.52 billion, with a quarter-over-quarter turnover of 5%. The portfolio is weighted with top three sectors: financial services at 30.1%, technology at 14.9% and energy at 14.2%.

Here are the top four reductions made by NWQ Managers in the third quarter of 2013. NWQ Managers significantly reduced CA Technologies, an Internet technology software company that services a product's total lifecycle. The company reported its second quarter fiscal year 2014 with revenue at $1.14 billion, down 1% from the same fiscal quarter one year ago. Net income was up by 8% (GAAP) at $240 million for the reporting quarter, compared to $222 million in the prior-year quarter. Earnings of $0.53 per diluted share (GAAP) are up by 10%. In the same quarter a year ago, earnings were $0.48 per diluted share, on a GAAP basis.



CA Technologies Inc. ( CA ): Reduced

Impacts Portfolio: -1.29%

Current Shares: 11,161,263

Up 50% over 12 months, CA Inc. has a market cap of $14.95 billion; its shares were traded at around $33.13 with a P/E ratio of 14.10. The dividend yield is 3.02%.

Guru Action: As of Sept. 30, 2013, NWQ Managers reduced its position by 31.36%, selling 5,100,276 shares at an average price of $29.96, for a gain of 10.6%.

Overall, NWQ Managers has averaged a 49% gain on 8,253,240 shares bought at an average price of $22.20 per share. The firm gained 44% on 51,993,612 shares sold at an average price of $23.08 per share.

Check out more gurus trading and insiders selling.

Track historical share pricing, revenue and net income:

[ Enlarge Image ]

Viacom Inc. ( VIAB ): Reduced

Impacts Portfolio: -0.9%

Current Shares: 3,372,883

Up 59% over 12 months, Viacom Inc. has a market cap of $35.51 billion; its shares were traded at around $79.63 with a P/E ratio of 16.40. The dividend yield is 1.44%.

Guru Action: As of Sept. 30, 2013, NWQ Managers reduced its position by 31.15%, selling 1,525,945 shares at an average price of $77.39, for a gain of 2.9%.

Over five years of selling for major gains, NWQ Managers has averaged an 86% gain on 27,187,216 shares sold at an average price of $42.81 per share.

Check out this remarkable trading history:

[ Enlarge Image ]

Check out more gurus trading VIAB in the third quarter. No insider activity was found.

Track historical share pricing, revenue and net income:

[ Enlarge Image ]

Halliburton Company ( HAL ): Reduced

Impacts Portfolio: -0.87%

Current Shares: 5,984

Up 70% over 12 months, Halliburton Company has a market cap of $46.23 billion; its shares were traded at around $54.50 with a P/E ratio of 25.00. The dividend yield is 0.85%.

Guru Action: As of Sept. 30, 2013, NWQ Managers reduced its position by 99.75%, selling 2,394,262 shares at an average price of $46.84, for a gain of 16.4%.

NWQ Managers has averaged a gain of 129% on 12,070,445 shares bought at an average price of $23.81 per share. The firm gained 43% on 12,064,461 shares sold at an average price of $38.20 per share.

Eight gurus made new buys of HAL in the third quarter. Check out more gurus trading and insiders selling.

Track historical share pricing, revenue and net income:

[ Enlarge Image ]

Cisco Systems Inc. ( CSCO ): Reduced

Impacts Portfolio: -0.8%

Current Shares: 11,878,965

Up 13% over 12 months, Cisco Systems Inc. has a market cap of $115.55 billion; its shares were traded at around $21.46 with a P/E ratio of 11.70. The dividend yield is 3.03%.

Guru Action: As of Sept. 30, 2013, NWQ Managers reduced its position by 24.23%, selling 3,798,630 shares at an average price of $24.82, for a loss of 13.5%.

Overall, NWQ Managers has averaged a 32% gain on 24,438,916 shares bought at an average price of $16.21 per share. The firm gained 2% on 12,559,951 shares sold at an average price of $21.13 per share.

Check out more gurus trading and insiders selling.

Track historical share pricing, revenue and net income:

[ Enlarge Image ]

NWQ Managers is an affiliate of Nuveen Investments. As of June 30, 2013, Nuveen Investments managed approximately $216 billion.

Professionals with NWQ Managers have an average of 19 years of analytical experience.

Here is the complete portfolio of NWQ Managers.



Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.

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.

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

Referenced Stocks: CA , CSCO , HAL , VIAB

GuruFocus

GuruFocus

More from GuruFocus:

Related Videos

Stocks

Referenced

Most Active by Volume

112,131,130
  • $74.98 ▲ 5.18%
57,963,905
  • $8.32 ▲ 8.33%
48,392,602
  • $3.45 ▼ 0.29%
45,276,527
  • $36.17 ▲ 4.21%
44,800,927
  • $17.84 ▲ 0.34%
44,539,649
  • $97.03 ▼ 0.16%
44,078,180
  • $15.62 ▲ 0.64%
43,461,551
  • $35.50 ▼ 1.06%
As of 7/24/2014, 04:04 PM