Last week’s top five stocks that reached their 52-week lows were Microsoft Corp, JPMorgan Chase & Co, Wells Fargo & Company, Cisco Systems Inc, and Bank of America Corp. According to GuruFocus updates, these Guru stocks have reached their 52-week lows.
Microsoft Corp. (MSFT, Financial) Reached the 52-Week Low of $23.93
The prices of Microsoft Corp. (MSFT) shares have declined to close to the 52-week low of $23.93, which is 26.7% off the 52-week high of $31.39. Microsoft Corp. is owned by 46 Gurus we are tracking. Among them, 28 have added to their positions during the past quarter. 16 reduced their positions.
Microsoft develops, manufactures, licenses, and supports a wide range of software products for a multitude of computing devices. Microsoft Corp. has a market cap of $209.72 billion; its shares were traded at around $23.93 with a P/E ratio of 11.5 and P/S ratio of 3.4. The dividend yield of Microsoft Corp. stocks is 2.1%. Microsoft Corp. had an annual average earning growth of 12.6% over the past 10 years. GuruFocus rated Microsoft Corp. the business predictability rank of 3-star.
Microsoft Corp. recently announced record fourth-quarter revenue of $16.04 billion for the quarter ended June 30, 2010, a 22% increase from the same period of the prior year. Operating income, net income and diluted earnings per share for the quarter were $5.93 billion, $4.52 billion and $0.51 per share, which represented increases of 49%, 48% and 50%, respectively, when compared with the prior year period.
John Keeley bought 10,000 shares in the quarter that ended on 06/30/2010, which is less than 0.01% of the $5.56 billion portfolio of Keeley Fund Management. David Einhorn owns 7,660,442 shares as of 06/30/2010, an increase of 125.31% from the previous quarter. This position accounts for 5.31% of the $3.32 billion portfolio of Greenlight Capital Inc. Ron Baron owns 255,630 shares as of 06/30/2010, a decrease of 22.34% of from the previous quarter. This position accounts for 0.04% of the $14.08 billion portfolio of Baron Funds.
Sell: Director William H Gates Iii sold 3,000,000 shares of MSFT stock on 08/24/2010 at the average price of 24.31. William H Gates Iii owns at least 620,973,551 shares after this. The price of the stock has decreased by 1.56% since. Other insiders have also decreased their positions in the company.
JPMorgan Chase & Co. (JPM, Financial) Reached the 52-Week Low of $36.6
The prices of JPMorgan Chase & Co. (JPM) shares have declined to close to the 52-week low of $36.6, which is 25.5% off the 52-week high of $47.81. JPMorgan Chase & Co. is owned by 42 Gurus we are tracking. Among them, 21 have added to their positions during the past quarter. 21 reduced their positions.
J.P. Morgan Chase & Co. is a global financial services firm. Jpmorgan Chase & Co. has a market cap of $145.62 billion; its shares were traded at around $36.6 with a P/E ratio of 10.8 and P/S ratio of 1.5. The dividend yield of Jpmorgan Chase & Co. stocks is 0.5%.
JPM reported second-quarter 2010 net income of $4.8 billion, compared with $2.7 billion in the second quarter of 2009. Earnings per share were $1.09, compared with $0.28 in the second quarter of 2009.
Arnold Schneider bought 889,950 shares in the quarter that ended on 06/30/2010, which is 2.14% of the $1.52 billion portfolio of Schneider Capital Management. Kenneth Fisher owns 21,409 shares as of 06/30/2010, an increase of 100.16% from the previous quarter. This position accounts for less than 0.01% of the $28.08 billion portfolio of Fisher Asset Management, LLC. Ron Baron owns 254,580 shares as of 06/30/2010, an increase of 59.92% from the previous quarter. This position accounts for 0.07% of the $14.08 billion portfolio of Baron Funds. Lee Ainslie owns 3,113,400 shares as of 06/30/2010, a decrease of 42.08% of from the previous quarter. This position accounts for 1.46% of the $7.81 billion portfolio of Maverick Capital. Chris Davis owns 4,509,975 shares as of 06/30/2010, a decrease of 85.53% of from the previous quarter. This position accounts for 0.31% of the $53.88 billion portfolio of Davis Selected Advisers.
Sell: CFO Michael J Cavanagh sold 32,073 shares of JPM stock on 04/15/2010 at the average price of 48. Michael J Cavanagh owns at least 214,358 shares after this. The price of the stock has decreased by 23.75% since. Other insiders have also decreased their positions in the company.
Wells Fargo & Company (WFC, Financial) Reached the 52-Week Low of $24
The prices of Wells Fargo & Company (WFC) shares have declined to close to the 52-week low of $24, which is 30.7% off the 52-week high of $33.88. Wells Fargo & Company is owned by 36 Gurus we are tracking. Among them, 8 have added to their positions during the past quarter. 23 reduced their positions.
Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage and consumer finance services through stores, its Internet site and other distribution channels across North America as well as internationally. Wells Fargo & Company has a market cap of $125.04 billion; its shares were traded at around $24 with a P/E ratio of 14.2 and P/S ratio of 1.3. The dividend yield of Wells Fargo & Company stocks is 0.8%. Wells Fargo & Company had an annual average earning growth of 5.1% over the past 10 years.
WFC recently reported diluted earnings per common share of $0.55 for second quarter 2010 compared with $0.45 for first quarter 2010 and $0.57 for second quarter 2009. Net income was $3.06 billion for second quarter 2010 compared with $2.55 billion in first quarter 2010 and $3.17 billion in second quarter 2009. For the six months ended June 30, 2010, the Company’s net income was $5.6 billion, or $1.00 per share, compared with $6.2 billion, or $1.13 per share, a year ago.
Ruane Cunniff bought 7,824 shares in the quarter that ended on 06/30/2010, which is less than 0.01% of the $8.12 billion portfolio of Ruane & Cunniff & Goldfarb Inc. Ron Baron owns 331,240 shares as of 06/30/2010, an increase of 54.1% from the previous quarter. This position accounts for 0.06% of the $14.08 billion portfolio of Baron Funds. Bill Nygren owns 1,800,000 shares as of 03/31/2010, an increase of 38.46% from the previous quarter. This position accounts for 1.69% of the $3.32 billion portfolio of Oak Mark Fund.
Sell: President, Chairman & CEO John G Stumpf sold 102,163 shares of WFC stock on 08/11/2010 at the average price of 26.74. John G Stumpf owns at least 586,652 shares after this. The price of the stock has decreased by 10.25% since. Other insiders have also decreased their positions in the company.
Cisco Systems Inc. (CSCO, Financial) Reached the 52-Week Low of $20.81
The prices of Cisco Systems Inc. (CSCO) shares have declined to close to the 52-week low of $20.81, which is 24.9% off the 52-week high of $27.57. Cisco Systems Inc. is owned by 30 Gurus we are tracking. Among them, 11 have added to their positions during the past quarter. 19 reduced their positions.
Cisco Systems, Inc. is the worldwide leader in networking for the Internet. Cisco Systems Inc. has a market cap of $118.85 billion; its shares were traded at around $20.81 with a P/E ratio of 14.9 and P/S ratio of 2.9. Cisco Systems Inc. had an annual average earning growth of 20% over the past 10 years. GuruFocus rated Cisco Systems Inc. the business predictability rank of 3.5-star.
Cisco Systems, Inc. is the worldwide leader in networking for the Internet. Cisco Systems Inc. has a market cap of $121.99 billion; its shares were traded at around $21.36 with a P/E ratio of 16.6 and P/S ratio of 3.3. Cisco Systems Inc. had an annual average earning growth of 20% over the past 10 years. GuruFocus rated Cisco Systems Inc. the business predictability rank of 3.5-star.
Ken Heebner owns 1,850,000 shares as of 06/30/2010, an increase of 131.25% from the previous quarter. This position accounts for 0.72% of the $5.5 billion portfolio of CAPITAL GROWTH MANAGEMENT LP. John Hussman owns 3,000,000 shares as of 06/30/2010, a decrease of 40% of from the previous quarter. This position accounts for 1.1% of the $5.83 billion portfolio of Hussman Economtrics Advisors, Inc.. George Soros owns 31,500 shares as of 06/30/2010, a decrease of 43.85% of from the previous quarter. This position accounts for 0.02% of the $3.31 billion portfolio of Soros Fund Management LLC. Charles Brandes sold out his holdings in the quarter that ended on 06/30/2010.
Sell: Chairman and CEO John T Chambers sold 243,178 shares of CSCO stock on 08/18/2010 at the average price of 22.5. John T Chambers owns at least 3,098,451 shares after this. The price of the stock has decreased by 7.51% since. Other insiders have also decreased their positions in the company.
Bank of America Corp. (BAC, Financial) Reached the 52-Week Low of $12.64
The prices of Bank of America Corp. (BAC) shares have declined to close to the 52-week low of $12.64, which is 36.0% off the 52-week high of $19.48. Bank of America Corp. is owned by 43 Gurus we are tracking. Among them, 17 have added to their positions during the past quarter. 21 reduced their positions.
Bank of America Corp. is one of the world's financial services companies. Bank Of America Corp. has a market cap of $109.45 billion; its shares were traded at around $12.64 with and P/S ratio of 0.7. The dividend yield of Bank Of America Corp. stocks is 0.3%.
BAC recently reported its second quarter 2010 results. The company reported second-quarter 2010 net income of $3.1 billion, compared to net income of $3.2 billion a year ago. After preferred dividends, earnings were $0.27 per diluted share, compared to $0.33 in the second quarter of 2009.
Ken Heebner bought 2,450,000 shares in the quarter that ended on 06/30/2010, which is 0.64% of the $5.5 billion portfolio of CAPITAL GROWTH MANAGEMENT LP. Mark Hillman bought 124,610 shares in the quarter that ended on 06/30/2010, which is 0.43% of the $417 million portfolio of Hillman Capital Management. George Soros owns 339,000 shares as of 06/30/2010, an increase of 55.93% from the previous quarter. This position accounts for 0.15% of the $3.31 billion portfolio of Soros Fund Management LLC. Bruce Berkowitz owns 54,092,500 shares as of 06/30/2010, an increase of 37.61% from the previous quarter. This position accounts for 7.45% of the $10.43 billion portfolio of Fairholme Capital Management. Bill Nygren owns 3,271,000 shares as of 03/31/2010, an increase of 36.29% from the previous quarter. This position accounts for 1.76% of the $3.32 billion portfolio of Oak Mark Fund.
Buy: CEO and President Brian T Moynihan bought 30,000 shares of BAC stock on 08/23/2010 at the average price of 13.03. Brian T Moynihan owns at least 453,727 shares after this. The price of the stock has decreased by 2.99% since. There are mixed trades from other insiders.
Microsoft Corp. (MSFT, Financial) Reached the 52-Week Low of $23.93
The prices of Microsoft Corp. (MSFT) shares have declined to close to the 52-week low of $23.93, which is 26.7% off the 52-week high of $31.39. Microsoft Corp. is owned by 46 Gurus we are tracking. Among them, 28 have added to their positions during the past quarter. 16 reduced their positions.
Microsoft develops, manufactures, licenses, and supports a wide range of software products for a multitude of computing devices. Microsoft Corp. has a market cap of $209.72 billion; its shares were traded at around $23.93 with a P/E ratio of 11.5 and P/S ratio of 3.4. The dividend yield of Microsoft Corp. stocks is 2.1%. Microsoft Corp. had an annual average earning growth of 12.6% over the past 10 years. GuruFocus rated Microsoft Corp. the business predictability rank of 3-star.
Microsoft Corp. recently announced record fourth-quarter revenue of $16.04 billion for the quarter ended June 30, 2010, a 22% increase from the same period of the prior year. Operating income, net income and diluted earnings per share for the quarter were $5.93 billion, $4.52 billion and $0.51 per share, which represented increases of 49%, 48% and 50%, respectively, when compared with the prior year period.
John Keeley bought 10,000 shares in the quarter that ended on 06/30/2010, which is less than 0.01% of the $5.56 billion portfolio of Keeley Fund Management. David Einhorn owns 7,660,442 shares as of 06/30/2010, an increase of 125.31% from the previous quarter. This position accounts for 5.31% of the $3.32 billion portfolio of Greenlight Capital Inc. Ron Baron owns 255,630 shares as of 06/30/2010, a decrease of 22.34% of from the previous quarter. This position accounts for 0.04% of the $14.08 billion portfolio of Baron Funds.
Sell: Director William H Gates Iii sold 3,000,000 shares of MSFT stock on 08/24/2010 at the average price of 24.31. William H Gates Iii owns at least 620,973,551 shares after this. The price of the stock has decreased by 1.56% since. Other insiders have also decreased their positions in the company.
JPMorgan Chase & Co. (JPM, Financial) Reached the 52-Week Low of $36.6
The prices of JPMorgan Chase & Co. (JPM) shares have declined to close to the 52-week low of $36.6, which is 25.5% off the 52-week high of $47.81. JPMorgan Chase & Co. is owned by 42 Gurus we are tracking. Among them, 21 have added to their positions during the past quarter. 21 reduced their positions.
J.P. Morgan Chase & Co. is a global financial services firm. Jpmorgan Chase & Co. has a market cap of $145.62 billion; its shares were traded at around $36.6 with a P/E ratio of 10.8 and P/S ratio of 1.5. The dividend yield of Jpmorgan Chase & Co. stocks is 0.5%.
JPM reported second-quarter 2010 net income of $4.8 billion, compared with $2.7 billion in the second quarter of 2009. Earnings per share were $1.09, compared with $0.28 in the second quarter of 2009.
Arnold Schneider bought 889,950 shares in the quarter that ended on 06/30/2010, which is 2.14% of the $1.52 billion portfolio of Schneider Capital Management. Kenneth Fisher owns 21,409 shares as of 06/30/2010, an increase of 100.16% from the previous quarter. This position accounts for less than 0.01% of the $28.08 billion portfolio of Fisher Asset Management, LLC. Ron Baron owns 254,580 shares as of 06/30/2010, an increase of 59.92% from the previous quarter. This position accounts for 0.07% of the $14.08 billion portfolio of Baron Funds. Lee Ainslie owns 3,113,400 shares as of 06/30/2010, a decrease of 42.08% of from the previous quarter. This position accounts for 1.46% of the $7.81 billion portfolio of Maverick Capital. Chris Davis owns 4,509,975 shares as of 06/30/2010, a decrease of 85.53% of from the previous quarter. This position accounts for 0.31% of the $53.88 billion portfolio of Davis Selected Advisers.
Sell: CFO Michael J Cavanagh sold 32,073 shares of JPM stock on 04/15/2010 at the average price of 48. Michael J Cavanagh owns at least 214,358 shares after this. The price of the stock has decreased by 23.75% since. Other insiders have also decreased their positions in the company.
Wells Fargo & Company (WFC, Financial) Reached the 52-Week Low of $24
The prices of Wells Fargo & Company (WFC) shares have declined to close to the 52-week low of $24, which is 30.7% off the 52-week high of $33.88. Wells Fargo & Company is owned by 36 Gurus we are tracking. Among them, 8 have added to their positions during the past quarter. 23 reduced their positions.
Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage and consumer finance services through stores, its Internet site and other distribution channels across North America as well as internationally. Wells Fargo & Company has a market cap of $125.04 billion; its shares were traded at around $24 with a P/E ratio of 14.2 and P/S ratio of 1.3. The dividend yield of Wells Fargo & Company stocks is 0.8%. Wells Fargo & Company had an annual average earning growth of 5.1% over the past 10 years.
WFC recently reported diluted earnings per common share of $0.55 for second quarter 2010 compared with $0.45 for first quarter 2010 and $0.57 for second quarter 2009. Net income was $3.06 billion for second quarter 2010 compared with $2.55 billion in first quarter 2010 and $3.17 billion in second quarter 2009. For the six months ended June 30, 2010, the Company’s net income was $5.6 billion, or $1.00 per share, compared with $6.2 billion, or $1.13 per share, a year ago.
Ruane Cunniff bought 7,824 shares in the quarter that ended on 06/30/2010, which is less than 0.01% of the $8.12 billion portfolio of Ruane & Cunniff & Goldfarb Inc. Ron Baron owns 331,240 shares as of 06/30/2010, an increase of 54.1% from the previous quarter. This position accounts for 0.06% of the $14.08 billion portfolio of Baron Funds. Bill Nygren owns 1,800,000 shares as of 03/31/2010, an increase of 38.46% from the previous quarter. This position accounts for 1.69% of the $3.32 billion portfolio of Oak Mark Fund.
Sell: President, Chairman & CEO John G Stumpf sold 102,163 shares of WFC stock on 08/11/2010 at the average price of 26.74. John G Stumpf owns at least 586,652 shares after this. The price of the stock has decreased by 10.25% since. Other insiders have also decreased their positions in the company.
Cisco Systems Inc. (CSCO, Financial) Reached the 52-Week Low of $20.81
The prices of Cisco Systems Inc. (CSCO) shares have declined to close to the 52-week low of $20.81, which is 24.9% off the 52-week high of $27.57. Cisco Systems Inc. is owned by 30 Gurus we are tracking. Among them, 11 have added to their positions during the past quarter. 19 reduced their positions.
Cisco Systems, Inc. is the worldwide leader in networking for the Internet. Cisco Systems Inc. has a market cap of $118.85 billion; its shares were traded at around $20.81 with a P/E ratio of 14.9 and P/S ratio of 2.9. Cisco Systems Inc. had an annual average earning growth of 20% over the past 10 years. GuruFocus rated Cisco Systems Inc. the business predictability rank of 3.5-star.
Cisco Systems, Inc. is the worldwide leader in networking for the Internet. Cisco Systems Inc. has a market cap of $121.99 billion; its shares were traded at around $21.36 with a P/E ratio of 16.6 and P/S ratio of 3.3. Cisco Systems Inc. had an annual average earning growth of 20% over the past 10 years. GuruFocus rated Cisco Systems Inc. the business predictability rank of 3.5-star.
Ken Heebner owns 1,850,000 shares as of 06/30/2010, an increase of 131.25% from the previous quarter. This position accounts for 0.72% of the $5.5 billion portfolio of CAPITAL GROWTH MANAGEMENT LP. John Hussman owns 3,000,000 shares as of 06/30/2010, a decrease of 40% of from the previous quarter. This position accounts for 1.1% of the $5.83 billion portfolio of Hussman Economtrics Advisors, Inc.. George Soros owns 31,500 shares as of 06/30/2010, a decrease of 43.85% of from the previous quarter. This position accounts for 0.02% of the $3.31 billion portfolio of Soros Fund Management LLC. Charles Brandes sold out his holdings in the quarter that ended on 06/30/2010.
Sell: Chairman and CEO John T Chambers sold 243,178 shares of CSCO stock on 08/18/2010 at the average price of 22.5. John T Chambers owns at least 3,098,451 shares after this. The price of the stock has decreased by 7.51% since. Other insiders have also decreased their positions in the company.
Bank of America Corp. (BAC, Financial) Reached the 52-Week Low of $12.64
The prices of Bank of America Corp. (BAC) shares have declined to close to the 52-week low of $12.64, which is 36.0% off the 52-week high of $19.48. Bank of America Corp. is owned by 43 Gurus we are tracking. Among them, 17 have added to their positions during the past quarter. 21 reduced their positions.
Bank of America Corp. is one of the world's financial services companies. Bank Of America Corp. has a market cap of $109.45 billion; its shares were traded at around $12.64 with and P/S ratio of 0.7. The dividend yield of Bank Of America Corp. stocks is 0.3%.
BAC recently reported its second quarter 2010 results. The company reported second-quarter 2010 net income of $3.1 billion, compared to net income of $3.2 billion a year ago. After preferred dividends, earnings were $0.27 per diluted share, compared to $0.33 in the second quarter of 2009.
Ken Heebner bought 2,450,000 shares in the quarter that ended on 06/30/2010, which is 0.64% of the $5.5 billion portfolio of CAPITAL GROWTH MANAGEMENT LP. Mark Hillman bought 124,610 shares in the quarter that ended on 06/30/2010, which is 0.43% of the $417 million portfolio of Hillman Capital Management. George Soros owns 339,000 shares as of 06/30/2010, an increase of 55.93% from the previous quarter. This position accounts for 0.15% of the $3.31 billion portfolio of Soros Fund Management LLC. Bruce Berkowitz owns 54,092,500 shares as of 06/30/2010, an increase of 37.61% from the previous quarter. This position accounts for 7.45% of the $10.43 billion portfolio of Fairholme Capital Management. Bill Nygren owns 3,271,000 shares as of 03/31/2010, an increase of 36.29% from the previous quarter. This position accounts for 1.76% of the $3.32 billion portfolio of Oak Mark Fund.
Buy: CEO and President Brian T Moynihan bought 30,000 shares of BAC stock on 08/23/2010 at the average price of 13.03. Brian T Moynihan owns at least 453,727 shares after this. The price of the stock has decreased by 2.99% since. There are mixed trades from other insiders.
