Spanish investing fund Bestinfond (Trades, Portfolio) doesn’t limit its activity to European-based companies, but sometimes it comes close, as it did in the third quarter when the exceptions were stakes in a couple of South Korean companies that Bestinfond (Trades, Portfolio) reduced.
Bestinfond (Trades, Portfolio) reduced its stake in Thales (XPAR:HO, Financial), a French systems builder and services provider for the aerospace, defense, transportation and security industries, by nearly 26%, selling 362,427 shares for an average price of €60.02 (about $65.30 in U.S. currency) per share. The deal had a -1.62% impact on Bestinfond (Trades, Portfolio)’s portfolio.
Thales has a market cap of $14.25 billion and an enterprise value of $13.77 billion. It has a P/E of 19.7, a forward P/E of 17.3, a P/B of 3.4 and a P/S of 1.0. GuruFocus has given Thales a Financial Strength rating of 8/10 and a Profitability and Growth rating of 5/10.
Bestinfond (Trades, Portfolio) is Thales’ leading shareholder among the gurus with 1,045,022 shares in its portfolio. Charles de Vaulx (Trades, Portfolio) and IVA International Fund (Trades, Portfolio) also have shares of Thales in their portfolios.
Thales sold for €68.45 (approximately $74.48 in American dollars) per share Monday.
Bestinfond (Trades, Portfolio) also trimmed its stake in Volkswagen AG (XTER:VOW3, Financial), a Wolfsburg, Germany-based vehicle manufacturer, by nearly 23%. Bestinfond (Trades, Portfolio) sold 69,224 shares for an average price of €174.54 (roughly $189.91 in U.S. money) per share. The transaction had a -1.18% impact on Bestinfond (Trades, Portfolio)’s portfolio.
Volkswagen has a market cap of $62.06 billion and an enterprise value of $157.56 billion. It has a P/E of 11.4, a forward P/E of 4.6, a P/B of 0.7 and a P/S of 0.3. GuruFocus has given Volkswagen a Financial Strength rating of 4/10 and a Profitability and Growth rating of 5/10.
Causeway International Value (Trades, Portfolio) has shares of Volkswagen in its portfolio.
Volkswagen sold for €130.45 (about $141.94 in American currency) per share Monday.
Bestinfond (Trades, Portfolio) reduced its stake in Informa PLC (LSE:INF, Financial), a London-based publishing and events company, by nearly 13%. Bestinfond (Trades, Portfolio) sold 1,260,660 shares for an average price of £5.7 (approximately $8.49 in U.S. dollars) per share. The deal had a -0.8% impact on Bestinfond (Trades, Portfolio)’s portfolio.
Informa has a market cap of $3.89 billion and an enterprise value of $4.73 billion. It has a forward P/E of 14.1, a P/B of 3.2 and a P/S of 3.2. GuruFocus has given Informa a Financial Strength rating of 6/10 and a Profitability and Growth rating of 4/10.
Bestinfond (Trades, Portfolio) is Informa’s leading shareholder among the gurus with 8,702,218 shares in its portfolio. Invesco European Growth Fund (Trades, Portfolio) also has shares of Informa in its portfolio.
Informa sold for £6 (roughly $8.94 in American money) per share Tuesday.
Bestinfond (Trades, Portfolio) hiked its stake in Carrefour (XPAR:CA, Financial), a French retailer, by more than 75%, acquiring 669,988 shares for an average price of €29.1 (about $31.66 in U.S. currency) per share. The transaction had a 1.5% impact on Bestinfond (Trades, Portfolio)’s portfolio.
Carrefour has a market cap of $18.81 billion and an enterprise value of $30.18 billion. It has a P/E of 15.0, a forward P/E of 14.4, a P/B of 2.1 and a P/S of 0.2. GuruFocus has given Carrefour a Financial Strength rating of 6/10 and a Profitability and Growth rating of 5/10.
Carrefour sold for €26.44 (approximately $28.77 in American dollars) per share Monday.
Bestinfond (Trades, Portfolio) increased its stake in Publicis Groupe SA (XPAR:PUB, Financial), a Paris-based advertising and public relations company, by nearly 46%. Bestinfond (Trades, Portfolio) purchased 141,698 shares for an average price of €65.13 (roughly $70.86 in U.S. money) per share. The deal had a 0.72% impact on Bestinfond (Trades, Portfolio)’s portfolio.
Publicis Groupe has a market cap of $12.49 billion and an enterprise value of $14.47 billion. It has a P/E of 19.0, a forward P/E of 12.9, a P/B of 2.1 and a P/S of 1.6. GuruFocus has given Publicis Groupe a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
Bestinfond (Trades, Portfolio) is Publicis Groupe’s leading shareholder among the gurus with 450,459 shares in its portfolio. Invesco European Growth Fund (Trades, Portfolio) and MS Global Franchise Fund (Trades, Portfolio) also have shares of Publicis Groupe in their portfolios.
Publicis Groupe sold for €60 (about $65.28 in American currency) per share Monday.
Bestinfond (Trades, Portfolio) sold four stakes in the third quarter – KONE Oyj (OHEL:KNEBV), Morrisons (Wm.) Supermarkets PLC (LSE:MRW), Dinamia Capital Privado SA (XMCE:DIN) and Financiere de Tubize SA (XBRU:TUB).
Bestinfond (Trades, Portfolio) sold its 374,148-share stake in KONE Oyj, a Helsinki-based engineering and service company, for an average price of €35.91 (approximately $39.07 in U.S. dollars) per share. The transaction had a -1.1% impact on Bestinfond (Trades, Portfolio)’s portfolio.
KONE Oyj has a market cap of $19.64 billion and an enterprise value of $18.34 billion. It has a P/E of 22.6, a forward P/E of 20.5, a P/B of 9.0 and a P/S of 2.4. GuruFocus has given KONE Oyj a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.
Bernard Horn (Trades, Portfolio) has shares of KONE Oyj in his portfolio.
KONE Oyj sold for €38.28 (roughly $41.65 in American money) per share Monday.
Bestinfond (Trades, Portfolio) sold its 4,124,603-share stake in Morrisons Supermarkets, a British supermarket chain, for an average price of £1.72 (about $2.56 in U.S. currency) per share. The deal had a -0.86% impact on Bestinfond (Trades, Portfolio)’s portfolio.
Morrisons Supermarkets has a market cap of $3.45 billion and an enterprise value of $5.43 billion. It has a forward P/E of 15.5, a P/B of 1.0 and a P/S of 0.2. GuruFocus has given Morrisons Supermarkets a Financial Strength rating of 6/10 and a Profitability and Growth rating of 5/10.
Morrisons Supermarkets sold for £1.49 (approximately $2.22 in American dollars) per share Tuesday.
Bestinfond (Trades, Portfolio) bought six new stakes in the third quarter.
To view the portfolios of more gurus, visit the List of Gurus page. Not a premium member of GuruFocus? Try it free for 7 days.
