Top 15 Sells of Citadel LLC

|
Includes: AAPL, ACE, APA, BIDU, DVN, EL, GPS, MCK, MSI, PRU, QCOM, RL, USB, WFC, WNR
by: The Analyst Hub

Citadel L.L.C. is one of the world's largest hedge fund managers, managing over $20 bn in equity investments. The firm manages the Kensington Global Strategies, Ltd., Pioneer Path, Ltd. and the Wellington Partners, L.P. The firm has offices in Chicago, San Francisco, New York, and London.

I discussed the Top 15 Buys of Citadel in my previous article here. In addition to buys, it is also interesting to have a look at top companies where Citadel is booking profit and selling its holdings. The following is a list of its top 15 sells (market value wise) in the last quarter, as released in its most recent 13F filing with the SEC.

Stock

Symbol

Shares Held - 12/31/2010

Shares Held - 03/31/2011

Apple Inc.

AAPL

3,295,658

1,936,864

Wells Fargo & Company

WFC

5,510,647

347,942

Baidu Inc.

BIDU

1,551,469

620,140

Gap Inc.

GPS

5,737,964

871,608

Motorola Solutions Inc.

MSI

2,249,562

0

Ace Limited

ACE

1,511,356

45,884

US Bancorp.

USB

3,669,071

133,445

McKesson Corporation

MCK

1,314,983

154,961

Devon Energy Corporation

DVN

1,144,726

156,807

Prudential Financial Inc.

PRU

2,623,921

1,164,389

Western Refining Inc.

WNR

4,948,648

164,990

Estee Lauder Companies Inc.

EL

832,909

158

Apache Corp.

APA

571,625

0

Polo Ralph Lauren Corp.

RL

625,322

29,159

Qualcomm Inc.

QCOM

2,050,011

763,406

Here are some of the specifics about these companies, including a brief description of their business, growth expectations (top line and bottom line) and Valuation:

Apple Inc. (NASDAQ:AAPL)

Citadel sold 1,358,794 shares of Apple Inc. last quarter and now holds a total of 1,936,864 shares. This position is 3.00% of its portfolio. The share price of the company has increased from $322.56 on December 31, 2010, to $348.51 on March 31, 2011.

Apple Inc. designs, manufactures and markets a range of personal computers, mobile communication and media devices, and portable digital music players, and sells a range of related software, services, peripherals, networking solutions, and third-party digital content and applications. Apple’s EPS forecast for the current year is $24.72 and next year is $28.6. According to consensus estimates, its top line is expected to grow 58.40% in the current year and 20.60% next year. It is trading at a forward P/E of 12.08. Out of 54 analysts covering the company, 50 are positive and have buy ratings, three have hold ratings and one has a sell rating.

Wells Fargo & Company (NYSE:WFC)

Citadel sold 5,162,705 shares of Wells Fargo & Company last quarter and now holds a total of 347,942 shares in the company. This position is 0.05% of its portfolio. The share price of the company has increased from $30.99 on December 31, 2010, to $31.71 on March 31, 2011.

Wells Fargo & Company is a diversified financial services company. The company provides banking, insurance, investments, mortgage banking, investment banking, retail banking, brokerage, and consumer finance through banking stores, the internet and other distribution channels to consumers, businesses and institutions in 50 states, the district of Columbia, and in other countries. The company operates in three segments: Community Banking; Wholesale Banking; and Wealth, Brokerage and Retirement. Wells Fargo’s EPS forecast for the current year is $2.77 and for the next year is $3.46. According to consensus estimates, its top line is expected to decline 4.00% in the current year and grow 4.40% in the next year. It is trading at a forward P/E of 7.70. Out of 31 analysts tracking the stock, 20 are positive and have buy ratings, nine have hold ratings and two have sell ratings.

Baidu Inc. (NASDAQ:BIDU)

Citadel sold 931,329 shares Baidu Inc. last quarter and now holds a total of 620,140 shares. This position is 0.38% of its portfolio. The share price of the company has increased from $96.53 on December 31, 2010, to $137.81 on March 31, 2011.

Baidu Inc. is a Chinese-language Internet search provider. The company conducts its operations in China principally through Baidu Online Network Technology Co., Ltd., its wholly owned subsidiary in Beijing, China. It also conducts its operations in China through Baidu Netcom Science Technology Co., Ltd., which holds the licenses and approvals necessary to operate the company’s websites and provide online advertising services. Baidu’s EPS forecast for the current year is $2.64 and next year is $3.97. According to consensus estimates, its top line is expected to grow 66.90% in the current year and 51.30% next year. It is trading at a forward P/E of 33.74. Out of 26 analysts covering the company, 21 are positive and have buy ratings, two have hold ratings and three have sell ratings.

The Gap Inc. (NYSE:GPS)

Citadel sold 4,866,356 shares of The Gap Inc. last quarter and now holds a total of 871,608 shares. This position is 0.09% of its portfolio. The share price of the company has increased from $22.14 on December 31, 2010, to $22.66 on March 31, 2011.

The Gap, Inc. is a global specialty retailer offering clothing, accessories, and personal care products for men, women, children, and babies under the Gap, Old Navy, Banana Republic, Piperlime, and Athleta brands. The company operates stores in the United States, Canada, the United Kingdom, France, Ireland, and Japan. Gap’s EPS forecast for the current year is $1.46 and next year is $1.75. According to consensus estimates, its top line is expected to grow 0.90% in the current year and 2.70% next year. It is trading at a forward P/E of 10.62. Out of 31 analysts covering the company, eight are positive and have buy ratings, 20 have hold ratings and three have sell ratings.

Motorola Solutions Inc. (NYSE:MSI)

Citadel sold all (2,249,562) shares of Motorola Solutions Inc. last quarter. On January 4, 2011, the separation of Motorola Mobility Holdings, Inc. (MMI) from Motorola Solutions was completed. Citadel likely booked profit after the spin off.

Motorola Solutions, Inc. formerly Motorola, Inc, provides technologies, products, systems and services. Motorola Solutions’ portfolio include wireless handsets, wireless accessories, digital entertainment devices, set-top boxes and video distribution systems, analog and digital two-way radios, wireless and wireline broadband network products, and end-to-end enterprise mobility products. Motorola’s EPS forecast for the current year is $2.34 and for the next year is $2.60. According to consensus estimates, its top line is expected to decline 57.30% in the current year and grow 5.10% next year. It is trading at a forward P/E of 18.03. Out of 23 analysts covering the company, four are positive and have buy ratings, 18 have hold ratings and one has a sell rating.

Ace Limited (NYSE:ACE)

Citadel sold 1,465,472 shares of Ace Limited last quarter and now holds a total of 45,884 shares. This position is 0.01% of its portfolio. The share price of the company has increased from $62.25 on December 31, 2010, to $64.7 on March 31, 2011.

ACE Limited is a holding company of the ACE Group of Companies. ACE is a global insurance and reinsurance organization, serving the needs of commercial and individual customers in more than 170 countries. The company serves the property and casualty insurance and reinsurance needs of businesses of all sizes in a range of industries. Ace’s EPS forecast for the current year is $6.27 and next year is $7.39. According to consensus estimates, its top line is expected to grow 2.90% in the current year and grow 3.80% next year. It is trading at a forward P/E of 9.22. Out of 20 analysts covering the company, 17 are positive and have buy ratings and three have hold ratings.

US Bancorp. (NYSE:USB)

Citadel sold shares of 3,535,626 US Bancorp. last quarter and now holds a total of 133,445 shares. This position is 0.02% of its portfolio. The share price of the company has decreased from $26.97 on December 31, 2010, to $26.43 on March 31, 2011.

U.S. Bancorp. is a multi-state financial services holding company. U.S. Bancorp provides a range of financial services, including lending and depository services, cash management, foreign exchange and trust and investment management services. The company also engages in credit card services, merchant and automated teller machine processing, mortgage banking, insurance, brokerage and leasing. US Bancorp’s EPS forecast for the current year is $2.15 and next year is $2.58. According to consensus estimates, its top line is expected to grow 0.20% in the current year and 4.50% next year. It is trading at a forward P/E of 9.59. Out of 32 analysts covering the company, 17 are positive and have buy ratings, 13 have hold ratings and two have sell ratings.

McKesson Corporation (NYSE:MCK)

Citadel sold 1,160,022 shares of McKesson Corporation last quarter and now holds a total of 154,961 shares. This position is 0.05% of its portfolio. The share price of the company has increased from $70.38 on December 31, 2010, to $79.05 on March 31, 2011.

McKesson Corporation provides medicines, pharmaceutical supplies, information and care management products and services across the healthcare industry. The company operates in two segments. The McKesson Distribution Solutions segment delivers ethical and drugs, medical-surgical supplies and equipment and health and beauty care products throughout North America. McKesson’s EPS forecast for the current year is $6.11 and next year is $6.9. According to consensus estimates, its top line is expected to grow 5.00% in the current year and 1.90% next year. It is trading at a forward P/E of 12.29. Out of 22 analysts covering the company, 17 are positive and have buy ratings, four have hold ratings and one has a sell rating.

Devon Energy Corporation(NYSE:DVN)

Citadel sold 987,919 shares of Devon Energy Corporation last quarter and now holds total of 156,807 shares. This position is 0.06% of its portfolio. The share price of the company has increased from $78.51 on December 31, 2010, to $91.77 on March 31, 2011.

Devon Energy Corporation is an independent energy company engaged in exploration, development and production of natural gas and oil. The company's operations are concentrated in various North American onshore areas in the United States and Canada. It also has offshore operations located in Brazil and Angola. Devon manages its North American onshore operations through six segments. Devon’s EPS forecast for the current year is $6.43 and next year is $7.97. According to consensus estimates, its top line is expected to decline 0.50% in the current year and grow 17.10% next year. It is trading at a forward P/E of 10.46. Out of 32 analysts covering the company, 18 are positive and have buy ratings and 14 have hold ratings.

Prudential Financial Inc. (NYSE:PRU)

Citadel sold 1,459,532 shares of Prudential Financial Inc. last quarter and now holds a total of 1,164,389 shares. This position is 0.32% of its portfolio. The share price of the company has increased from $58.71 on December 31, 2010, to $61.58 on March 31, 2011.

Prudential Financial, Inc. is a financial services company. It has operations in the United States, Asia, Europe and Latin America. Through its subsidiaries, it offers an array of financial products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management and real estate services. It offers these products and services to individual and institutional customers through third-party distribution networks. Prudential’s EPS forecast for the current year is $6.65 and next year is $7.69. According to consensus estimates, its top line is expected to grow 21.80% in the current year and 7.10% next year. It is trading at a forward P/E of 7.98. Out of 22 analysts covering the company, 19 are positive and have buy ratings and three have hold ratings.

Western Refining Inc. (NYSE:WNR)

Citadel sold 4,783,658 shares of Western Refining Inc. last quarter and now holds a total of 164,990 shares. This position is 0.01% of its portfolio. The share price of the company has increased from $10.58 on December 31, 2010, to $16.95 on March 31, 2011.

Western Refining, Inc. an independent crude oil refiner and marketer of refined products and also operates service stations and convenience stores. The company owns and operates three refineries with a total crude oil throughput capacity of approximately 221,000 barrels per day. Western’s EPS forecast for the current year is $2.52 and next year is $2.19. According to consensus estimates, its top line is expected to grow 4.40% in the current year and grow 12.40% next year. It is trading at a forward P/E of 7.71. Out of nine analysts covering the company, four are positive and have buy ratings and five have hold ratings.

Estee Lauder Companies Inc. (NYSE:EL)

Citadel sold 832,751 shares of Estee Lauder Companies Inc. last quarter and now holds just 158 shares. The share price of the company has increased from $80.7 on December 31, 2010, to $96.36 on March 31, 2011.

The Estee Lauder Companies Inc. is a manufacturer and marketer of skin care, makeup, fragrance and hair care products. Its products are sold in over 150 countries and territories under a number of brand names, including Estee Lauder, ARAMs, Clinique, Origins, Masc., Bobbi Brown, La Mar and Aveda. Este’s EPS forecast for the current year is $3.66 and for the next year is $4.34. According to consensus estimates, its top line is expected to grow 12.30% in the current year and 7.30% next year. It is trading at a forward P/E of 23.24. Out of 19 analysts covering the company, eight are positive and have buy ratings, ten have hold ratings and one has a sell rating.

Apache Corp. (NYSE:APA)

Citadel sold all (571,625) shares of Apache Corp. last quarter. The share price of the company has increased from $119.23 on December 31, 2010, to $130.92 on March 31, 2011.

Apache Corporation is an independent energy company, which explores for, develops and produces natural gas, crude oil and natural gas liquids. As of December 31, 2010, it had exploration and production interests in seven countries: the United States, Canada, Egypt, Australia, offshore the United Kingdom in the North Sea, Argentina, and Chile. Apache’ EPS forecast for the current year is $12.01 and next year is $13.19. According to consensus estimates, its top line is expected to grow 36.40% in the current year and 11.00% next year. It is trading at a forward P/E of 9.23. Out of 29 analysts covering the company, 23 are positive and have buy ratings and six have hold ratings.

Polo Ralph Lauren Corp. (NYSE:RL)

Citadel sold 596,163 shares of Polo Ralph Lauren Corp. last quarter and now holds a total of 29,159 shares. This position is 0.02% of its portfolio. The share price of the company has increased from $110.92 on December 31, 2010, to $123.65 on March 31, 2011.

Polo Ralph Lauren Corporation is engaged in the design, marketing and distribution of products, including men’s, women’s and children’s apparel, accessories, fragrances and home furnishings. The company operates in three segments: Wholesale, Retail and Licensing. Polo’s EPS forecast for the current year is $6.33 and for the next year is $7.3. According to consensus estimates, its top line is expected to grow 15.10% in the current year and 7.60% in the next year. It is trading at a forward P/E of 16.88. Out of 14 analysts covering the company, six are positive and have buy ratings, seven have hold ratings and one has a sell rating.

Qualcomm Inc. (NASDAQ:QCOM)

Citadel sold 1,286,605 shares of Qualcomm Inc. last and now holds a total of 763,406 shares. This position is 0.19% of its portfolio. The share price of the company has increased from $49.49 on December 31, 2010, to $54.83 on March 2011.

Qualcomm Inc. designs, manufactures and markets digital wireless telecommunications products and services based on its code division multiple access technology and other technologies. The company operates through four segments: Qualcomm CDMA Technologies; Qualcomm Technology Licensing; Qualcomm Wireless & Internet, and Qualcomm Strategic Initiatives. Qualcomm’s EPS forecast for the current year is $3.12 and next year is $3.47. According to consensus estimates, its top line is expected to grow 34.30% in the current year and 15.60% next year. It is trading at a forward P/E of 16.69. Out of 45 analysts covering the company, 37 are positive and have buy ratings, seven have hold ratings and one has a sell rating.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.