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.
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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:
Check out more gurus trading VIAB in the third quarter. No insider activity was found.
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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.
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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.
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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.
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Also check out: NWQ Managers Undervalued Stocks NWQ Managers Top Growth Companies NWQ Managers High Yield stocks, and Stocks that NWQ Managers keeps buying
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