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8/15/2013

David Einhorn's Latest Portfolio Dividend Stock Changes | Greenlight Capital

Latest stock purchases and sales from David Einhorn, Greenlight Capital originally published at long-term-investments.blogspot.com. David Einhorn has around USD 5.3 billion in assets under management in his asset management company Greenlight Capital. Last Quarter he made 28 transactions and bought 7 new stakes. His portfolio has only 30 stock holdings.

In this article I would like to present you the best dividend stocks, bought and sold by David Einhorn. From his nine stock and ETF purchases pay six a dividend. All of the latest dividend buys from David Einhorn yielding between .13 percent and 1.92 percent. David is no long-term dividend player. He wants a quick total return. The most important buys were ING US, Liberty Global and Market Vectors Gold Miners ETF.

On the short side, he reduced or sold out 19 stocks. 15 of them pay a dividend. The biggest impact had Cigna, Seagate Technology and Microsoft with around 3 percent impact to his portfolio.

Apple remains the biggest stock holding bet. The stake has a value of around one billion dollar. The second biggest position of David Einhorn is the car company General Motors which represents around 10.7 percent of his total portfolio. The third biggest company is the technology stock Marvell with a 9.7 percent share. Both are worth over USD 500 million.

Here are the highest yielding dividend changes:
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Oaktree Capital (NYSE:OAK) has a market capitalization of $9.73 billion. The company employs 750 people, generates revenue of $144.98 million and has a net income of $6,672.42 million. Oaktree Capital’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $-638.22 million. The EBITDA margin is -440.21 percent (the operating margin is -445.31 percent and the net profit margin 4,602.21 percent).

Financial Analysis: The total debt represents 2.52 percent of Oaktree Capital’s assets and the total debt in relation to the equity amounts to 361.23 percent. Due to the financial situation, a return on equity of 43.60 percent was realized by Oaktree Capital. Twelve trailing months earnings per share reached a value of $1.18. Last fiscal year, Oaktree Capital paid $2.31 in the form of dividends to shareholders. OAK was reduced by 20.25 percent with impact to the portfolio of 0.28 percent.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 44.67, the P/S ratio is 55.09 and the P/B ratio is finally 25.97. The dividend yield amounts to 11.42 percent and the beta ratio is not calculable.


Long-Term Stock Price Chart Of Oaktree Capital (OAK)
Long-Term Dividend Payment History of Oaktree Capital (OAK)
Long-Term Dividend Yield History of Oaktree Capital (OAK)

Barrick Gold (NYSE:ABX) has a market capitalization of $18.75 billion. The company employs 20,034 people, generates revenue of $14,547.00 million and has a net income of $-677.00 million. Barrick Gold’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $7,760.00 million. The EBITDA margin is 53.34 percent (the operating margin is -5.73 percent and the net profit margin -4.65 percent).

Financial Analysis: The total debt represents 29.49 percent of Barrick Gold’s assets and the total debt in relation to the equity amounts to 63.83 percent. Due to the financial situation, a return on equity of -2.94 percent was realized by Barrick Gold. Twelve trailing months earnings per share reached a value of $-9.65. Last fiscal year, Barrick Gold paid $0.75 in the form of dividends to shareholders. ABX was sold out with impact to the portfolio of 0.88 percent.

Market Valuation: Here are the price ratios of the company: The P/E ratio is not calculable, the P/S ratio is 1.28 and the P/B ratio is finally 0.86. The dividend yield amounts to 1.07 percent and the beta ratio has a value of 0.57.


Long-Term Stock Price Chart Of Barrick Gold (ABX)
Long-Term Dividend Payment History of Barrick Gold (ABX)
Long-Term Dividend Yield History of Barrick Gold (ABX)

Seagate Technology (NASDAQ:STX) has a market capitalization of $14.65 billion. The company employs 57,900 people, generates revenue of $14,351.00 million and has a net income of $1,838.00 million. Seagate Technology’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $2,966.00 million. The EBITDA margin is 20.67 percent (the operating margin is 14.57 percent and the net profit margin 12.81 percent).

Financial Analysis: The total debt represents 30.04 percent of Seagate Technology’s assets and the total debt in relation to the equity amounts to 79.21 percent. Due to the financial situation, a return on equity of 52.49 percent was realized by Seagate Technology. Twelve trailing months earnings per share reached a value of $4.81. Last fiscal year, Seagate Technology paid $1.40 in the form of dividends to shareholders. STX was sold out with impact to the portfolio of 3.0 percent.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 8.54, the P/S ratio is 1.02 and the P/B ratio is finally 4.21. The dividend yield amounts to 3.70 percent and the beta ratio has a value of 2.43.


Long-Term Stock Price Chart Of Seagate Technology (STX)
Long-Term Dividend Payment History of Seagate Technology (STX)
Long-Term Dividend Yield History of Seagate Technology (STX)

Microsoft (NASDAQ:MSFT) has a market capitalization of $269.47 billion. The company employs 99,000 people, generates revenue of $77,849.00 million and has a net income of $21,863.00 million. Microsoft’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $30,519.00 million. The EBITDA margin is 39.20 percent (the operating margin is 34.11 percent and the net profit margin 28.08 percent).

Financial Analysis: The total debt represents 10.95 percent of Microsoft’s assets and the total debt in relation to the equity amounts to 19.76 percent. Due to the financial situation, a return on equity of 30.09 percent was realized by Microsoft. Twelve trailing months earnings per share reached a value of $2.59. Last fiscal year, Microsoft paid $0.92 in the form of dividends to shareholders. MSFT was sold out with impact to the portfolio of 2.70 percent.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 12.51, the P/S ratio is 3.46 and the P/B ratio is finally 3.41. The dividend yield amounts to 2.84 percent and the beta ratio has a value of 0.96.


Long-Term Stock Price Chart Of Microsoft (MSFT)
Long-Term Dividend Payment History of Microsoft (MSFT)
Long-Term Dividend Yield History of Microsoft (MSFT)

Take a closer look at the full list of David Einhorn’s latest dividend moves. The average P/E ratio amounts to 16.24 and forward P/E ratio is 20.04. The dividend yield has a value of 2.10 percent. Price to book ratio is 3.0 and price to sales ratio 3.90. The operating margin amounts to 14.57 percent and the beta ratio is 1.25. Stocks from the list have an average debt to equity ratio of 0.47.

Here are David Einhorn's latest stock transactions:

Ticker
Company
Action
Impact
Comment
VOYA
ING US Inc
Buy
1.90%
New holding
LBTYA
Liberty Global PLC
Buy
1.70%
New holding
GDX
Market Vectors Etf T...
Add
1.27%
Add 46.49%
IACI
IAC/InterActiveCorp
Add
1.21%
Add 309.64%
LBTYK
Liberty Global PLC
Buy
1.20%
New holding
DOX
Amdocs Ltd.
Buy
1.10%
New holding
RAD
Rite Aid Corporation
Buy
1.10%
New holding
URS
URS Corporation
Buy
0.99%
New holding
WPX
WPX Energy Inc
Buy
0.94%
New holding
AET
Aetna Inc
Add
0.26%
Add 3.39%
CI
Cigna Corp
Reduce
-3.06%
Reduce -39.24%
STX
Seagate Technology P...
Sold Out
-3.00%
Sold Out
MSFT
Microsoft Corporatio...
Sold Out
-2.70%
Sold Out
CBS
CBS Corporation
Sold Out
-2.60%
Sold Out
DLPH
Delphi Automotive PL...
Reduce
-1.82%
Reduce -44.4%
GM
General Motors Co
Reduce
-1.75%
Reduce -19.48%
HES
Hess Corp
Sold Out
-1.40%
Sold Out
CSC
Computer Sciences Co...
Reduce
-1.35%
Reduce -30.58%
MRVL
Marvell Technology G...
Reduce
-1.22%
Reduce -14.5%
ABX
Barrick Gold Corpora...
Sold Out
-0.88%
Sold Out
DST
DST Systems, Inc.
Reduce
-0.63%
Reduce -26.22%
ACM
AECOM Technology Cor...
Sold Out
-0.59%
Sold Out
AHL
Aspen Insurance Hold...
Reduce
-0.58%
Reduce -20.03%
WDC
Western Digital Corp...
Sold Out
-0.46%
Sold Out
OAK
Oaktree Capital Grou...
Reduce
-0.28%
Reduce -20.25%
TSRA
Tessera Technologies...
Sold Out
-0.20%
Sold Out
RJET
Republic Airways Hol...
Sold Out
-0.17%
Sold Out
NBHC
National Bank Holdin...
Sold Out
-0.09%
Sold Out
SYMM
Symmetricom Inc.
Sold Out
-0.04%
Sold Out


Here is the full table with some fundamentals (TTM):

David Einhorn's Latest Dividend Stock Buys and Sells (Click to enlarge)

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These are the 20 biggest stock holdings from David Einhorn, Greenlight Capital:

Ticker
Company
Value ($1000)
% Weighting as of
2013-06-30 
AAPL
Apple Inc
950,762
17.80%
GM
General Motors Co
567,846
10.70%
MRVL
Marvell Technology Group, Ltd.
518,625
9.70%
AET
Aetna Inc
427,557
8.00%
CI
Cigna Corp
360,578
6.80%
NCR
NCR Corporation
304,741
5.70%
OIS
Oil States International, Inc.
250,127
4.70%
GDX
Market Vectors Etf Trust
215,436
4.00%
CSC
Computer Sciences Corporation
179,758
3.40%
DLPH
Delphi Automotive PLC
168,862
3.20%
BAGL
Einstein Noah Restaurant Group
152,415
2.90%
AHL
Aspen Insurance Holdings Ltd.
145,783
2.70%
BWC
Babcock & Wilcox Co
119,908
2.20%
DST
DST Systems, Inc.
108,211
2.00%
VOYA
ING US Inc
100,323
1.90%
LBTYA
Liberty Global PLC
91,636
1.70%
IACI
IAC/InterActiveCorp
85,118
1.60%
OAK
Oaktree Capital Group LLC
77,603
1.50%
LM
Legg Mason, Inc.
73,183
1.40%
LBTYK
Liberty Global PLC
63,211
1.20%

Related Stock Ticker Symbols:
OAK, ABX, STX, MSFT, TSRA, AHL, IACI, MRVL, URS, DST, CSC, WDC, DOX, AET, DLPH, NBHC, CBS, HES, VOYA, CI

Selected Articles:

*I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I receive no compensation to write about any specific stock, sector or theme.

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