Hedge fund manager Joel Greenblatt (Trades, Portfolio), who is known for the invention of Magic Formula investing and founding Gotham Asset Management, bought shares of the following stocks in the second quarter.
The guru boosted his holding of Intuit Inc. (INTU) by 12,642.75%, impacting the equity portfolio by 0.88%.
The software company has a market cap of $54.06 billion and an enterprise value of $52.16 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 76.27% and return on assets of 24.93% are outperforming 96% of companies in the Global Software - Application industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 5.23 is above the industry median of 4.27.
The company's largest shareholder among the gurus is PRIMECAP Management (Trades, Portfolio) with 1.96% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 0.16% and Greenblatt with 0.12%.
Greenblatt established a position in FedEx Corp. (FDX, Financial), buying 215,574 shares.Ă‚ The trade had an impact of 0.71% on the equity portfolio.
The express courier delivery company has a market cap of $64.44 billion and an enterprise value of $77.76 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 25.92% and return on assets of 9.06% are outperforming 85% of companies in the Global Integrated Shipping & Logistics industry. Its financial strength is rated of 6 out of 10. The cash-debt ratio of 0.20 is below the industry median of 0.30.
The largest guru shareholder of the company is PRIMECAP Management with 5.75% of outstanding shares, followed by Dodge & Cox with 3.9% and Bill Gates (Trades, Portfolio) with 1.14%.
The Walt Disney Co. (DIS, Financial) holding was boosted 1,110.81%. The trade had an impact of 0.67% on the equity portfolio.
The media and entertainment company has a market cap of $167.69 billion and an enterprise value of $191.02 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 27.53% and return on assets of 12.45% are outperforming 94% of companies in the Global Media - Diversified industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.18 is below the industry median of 0.82.
Andreas Halvorsen (Trades, Portfolio) is the company's largest guru shareholder with 0.39% of outstanding shares, followed by PRIMECAP Management with 0.39% and Lee Ainslie (Trades, Portfolio) with 0.24%.
The investor established a position in Automatic Data Processing (ADP, Financial), buying 324,877 shares. The trade expanded the equity portfolio by 0.63%.
The company, which provides human resources management software, has a market cap of $61.84 billion and an enterprise value of $61.67 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 41.88% and return on assets of 4.08% are outperforming 53% of companies in the Global Business Services industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 1.08 is above the industry median of 0.97.
The largest guru shareholder of the company is Bill Ackman (Trades, Portfolio) with 0.96% of outstanding shares, followed by First Eagle Investment (Trades, Portfolio) with 0.22% and Tom Gayner (Trades, Portfolio) with 0.12%.
Greenblatt established a position in Parker Hannifin Corp. (PH, Financial), buying 221,746 shares. The trade impacted the equity portfolio by 0.5%.
The company, which manufacturers motion and control technologies and systems, has a market cap of $22.1 billion and an enterprise value of $26.21 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 18.92% and return on assets of 6.74% are outperforming 71% of companies in the Global Diversified Industrials industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.17 is below industry median of 0.89.
With 1.83% of outstanding shares,Ă‚ Bill Nygren (Trades, Portfolio) is the company's largest guru shareholder, followed by Spiros Segalas (Trades, Portfolio) with 1.6% and Diamond Hill Capital (Trades, Portfolio) with 1.21%.
The Kimberly-Clark Corp. (KMB, Financial) holding was increased by 139.52%. The trade had an impact of 0.48%.
The company manufactures a range of products made from natural or synthetic fibers. It has a market cap of $38.64 billion and an enterprise value of $45.87 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 692.80% and return on assets of 11.53% are outperforming 85% of companies in the Global Household and Personal Products industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.07 is below the industry median of 0.50.
The company's largest shareholder among the gurus is the T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.74% of outstanding shares, followed by Diamond Hill Capital with 0.56% and Pioneer Investments with 0.19%.
Disclosure: I do not own any stocks mentioned in this article.
