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Third Quarter Action on S&P Gainers

November 08, 2013 | About:
Sally Jones

Sally Jones

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Year to date, Prudential Financial Inc. (PRU) is up 55% and Transocean Ltd. (RIG) is up 15%. J.C. Penney Co. Inc. (JCP), while it is down 61%, just reported evidence of a long-awaited turnaround in sales, with the first positive spike since 2011.

Here’s an update on third quarter action for the companies, the insiders and the guru stakeholders.

Prudential Financial Inc. (PRU)
Up 64% over 12 months, Prudential Financial Inc. has a market cap of $40.26 billion; its shares were traded at around $86.57. The P/B is 1.10. The dividend yield is 3.20%.

Prudential Financial Inc. offers financial products and services including life insurance, annuities, retirement services, mutual funds and investment management. The company business is separated into Financial Services Businesses and Closed Block Business.

Company Financial Results for Third Quarter 2013: The company’s financial services businesses reported $3.56 billion in operating income, up 65% from the same quarter of 2012 at $21.6 billion, but the company had a net income loss of ($264 million), compared to positive income of $642 million in the same quarter of 2012. The company’s closed book business had $79 million in quarterly income up from $59 million in the third quarter of 2012. Consolidated net income loss was reported at ($185 million) for the reporting quarter, way down from net income of $701 million in the third quarter a year ago.

Check out the full GuruFocus analysis and PRU’s Altman Z-Score.

Historical share pricing, revenue and net income:



Guru Action: As of Sept.30, 2013, Diamond Hill Capital reduced its position by 2.74%, selling 106,473 shares at an average price of $78.43 per share, for a gain of 10.4%.

The firm’s remarkable five-year history of pure gains averaged a 70% gain on 4,743,950 shares bought at an average price of $50.85 per share. Diamond Hill Capital also averaged a 74% gain on 999,263 shares sold at an average price of $49.73 per share.

The firm’s current shares are 3,772,797 or 0.81$ of shares outstanding.

Five gurus made new buys of PRU in the second quarter of 2013, and two sold out. Check out their trades and other guru stakeholders, along with very active insider trading.

Transocean Ltd. (RIG)

Up 15% over 12 months, Transocean Ltd. has a market cap of $19.2 billion; its shares were traded at around $53.24. The P/E ratio is 27.70. The dividend yield is 2.20%.

Incorporated in Switzerland, Transocean Ltd. is an international company providing offshore contract drilling services for oil and gas wells. The company’s two operating segments are contract drilling services and drilling management services. Transocean Ltd.

Company Financial Results for Third Quarter: The company reported revenue of $2.55 billion, up from the second quarter of 2013 at $2.39 billion. Net income was also up for the third quarter 2013 at $546 million, compared to $307 million in the second quarter of this year. Transocean’s cash flow was $623 million in the third quarter, also up from $416 million in the previous quarter. The company’s backlog was at $29.8 billion in mid-October. Transocean Ltd. earnings of $1.50 per diluted share were reported for the three months ended September 30, 2013.

Historical share pricing, revenue and net income:



Guru Action: As of Sept. 30, 2013, Mario Gabelli reduced his position by 3.57%. He sold 4,000 shares at an average price of $47.29, for a gain of 12.6%.

Gabelli’s current RIG shares are 108,098 or 0.03% of shares outstanding.

His five-year history of mixed results averaged a loss of 5% on 522,937 shares bought at an average price of $55.86 per share. He has averaged a loss of 31% selling 414,839 shares at an average price of $77.08 per share.

Check out the other guru stakeholders. There is no RIG insider trading found.

J.C. Penney Co. Inc. (JCP)

The big news today is that embattled J.C. Penney’s online business is up 37.6 % over last year and same store sales increased by 0.9 % in October, showing an increase of 490 basis points over the previous month. J.C Penney’s CEO Mike Ullman commented on the recent turnaround in a company press release, “We are proud of our October sales improvement, which we achieved despite the federal government shutdown and a challenging consumer environment. Not only did we deliver positive same store sales for the first time since December of 2011, we also saw significantly improved sales trends in Home and Men's apparel, as well as Women's accessories.”

Down 60% over 12 months, J. C. Penney Company Inc. has a market cap of $2.51 billion; its shares were traded at around $8.22. The P/B ratio is 0.80. The company does not pay a dividend.

First begun in 1924, J. C. Penney Company Inc. sells merchandise and services to consumers through its department stores and e-commerce website.

Company Financial Results: For its fiscal second quarter ended August 3, 2013, the company reported net sales of $2.66 billion, down from $3.02 billion in the fiscal second quarter of 2012. At that point, comparable store sales were down 11.9% for the quarter.

Historical share pricing, revenue and net income:





Guru Action: As of Sept. 3, 2013, Kyle Bass made a new buy of 11,428,450 shares in the average price range of $12.72. The current price is around $8.12 with a change from average down 36%. This made a portfolio impact of 379.17% for Bass who now holds 5.18% of shares outstanding.

Check out the numerous guru stakeholders and active insider trading at JCP.



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Rating: 5.0/5 (1 vote)

Comments

ansgarjohn
Ansgarjohn - 5 months ago
What happened to JCP revenue around 2001 2002 ?
Sally Jones
Sally Jones - 5 months ago
They closed a number of stores.

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