Weekly highlight of top CEO buys. Companies of the Week: Dell Inc. (DELL, Financial), CapitalSource Inc. (CSE, Financial), Western Alliance Ban Corp. (WAL, Financial), J.C. Penney Company Inc. (JCP, Financial), World Fuel Services Corp. (INT, Financial).
Dell Inc. (DELL): Chairman and CEO, Director, 10% Owner Michael S. Dell Bought 4,503,600 Shares
Dell, Inc. (DELL) will expand their software business, especially their information technology support systems. For the quarter, the computer maker posted steady first quarter profits on solid laptop sales overseas. Dell plans to cut $3 billion in costs by 2011. The company’s earnings rose 4% to $784 million on revenue of $16.08 billion. The company shares have been traded between $18.13 and $30.77 in the past year.
George Soros, Robert Olstein, and Glenn Greenberg both bought shares of DELL in the past quarter.
Mason Hawkins, Wallace Weitz, Charles Brandes, Chris Davis, Brian Rogers, Sarah Ketterer, John Rogers, Kenneth Fisher, Bill Nygren, and Arnold Schneider kept their holdings unchanged. Dodge & Cox reduced his DELL holdings by half, and Jean-Marie Eveillard nearly sold out all his DELL holdings.
Chairman and CEO, Director, 10% Owner Michael S. Dell bought 4,503,600 shares on 7/1/08 at $22.14.
Also insiders sold their shares since March between $20.02 and $23.94: President, Global Consumer Ronald Garriques sold 114,694 shares; SVP Andrew C. Esparza sold 12,123 shares; Director Thomas W. Luce III sold 3,230 shares; CAO Thomas W. Sweet sold a total of 34,146 shares; SVP Jeffrey W. Clarke sold 2,608 shares; SVP David A. Marmonti sold 1,147 shares.
Dell Inc. has a market cap of $45.88 billion; its shares were traded at around $22.7 with a P/E ratio of 16.74 and P/S ratio of 0.72.
CapitalSource Inc. (CSE): Chairman and CEO, Director John K. Delaney Bought 350,000 Shares
Specialized finance company CapitalSource, Inc., (CSE) declared their second quarter dividend at $0.60 per share. Late June, Capital Source offered 30 million shares of stock. The company shares are current at their 52-week lows. Capital Source plans to acquire lender Chevy Chase, who owns $3 billion in cash investments. Also CapitalSource will buy bank Fremont General Corporation for $58 million.
Pres. Structured Fin. Bus. Michael C Szwajkowski, Chairman and CEO, Director John K. Delaney and Capital Partners Farallon bought 9,000 shares, 350,000 shares, and 18 million shares respectively on 6/27/08 at $11.
CapitalSource Inc. has a market cap of $2.57 billion; its shares were traded at around $10.9 with a P/E ratio of 21.21 and P/S ratio of 4.26. The dividend yield of CapitalSource Inc. stocks is 22.06%.
Western Alliance Ban Corp. (WAL): Chairman, President and CEO, Director Robert Gary Sarver Bought 302,000 Shares
The shares of Alliance Bancorporation, (WAL) a bank holding company, struck a 52-week low, after the company raised $30.2 million in private placement. Analysts cut earnings outlook to $0.57 from $0.60 for the year.
On 6/27/08, Chairman, President and CEO, Director Robert Gary Sarver and Director, 10% Owner William S. Boyd each bought 302,000 shares; Directors M. Nafees Nagy and Todd Marshall each bought 125,000 shares; Director Steven J. Hilton bought 100,000 shares; Director Arthur Marshall bought 31,250 shares; Director Marianne Boyd Johnson bought 25,000 shares; Director George Maloof Jr. bought 18,900 shares; EVP Merrill Wall and Director John Sande III each bought 6,297 shares; EVP Arnold Grisham bought 3,150 shares.
Western Alliance Ban Corp. has a market cap of $227.82 million; its shares were traded at around $7.53 with a P/E ratio of 9.22 and P/S ratio of 1.32.
J.C. Penney Company Inc. (JCP): Chairman and CEO, Director Myron E. Ullman III Bought 27,000 Shares
J. C. Penney Company, Inc. (JCP) will cut costs down to $650 million in order to pass the weak economic market. The department chain cut the number of planned new stores from 36 to 20 for this year. In May, same store-sales dropped 4.4%; the retailer expects this trend to continue through June. JC Penney set their quarterly dividend at $0.20 per share. The company’s quarterly profits declined nearly 50%, as sales lower 5.1% to $4.13 billion. JCP stock has lost around 40% its value within the past year. In the quarter that ended in May, their income totaled $120 million or $0.54 compared to a prior $238 million or $1.04 per share.
HOTCHKIS & WILEY, Richard Pzena, Bill Miller, David Dreman, David Williams, Chris Davis, Dodge & Cox, Robert Olstein, Carl Icahn, and Ruane Cunniff own shares of JC Penney Company.
Chairman and CEO, Director Myron E. Ullman III bought 27,000 shares of JCP stock on 6/25/08 at $38.45. EVP Michael T. Theilmann sold 10,000 shares on 2/25/08 at $48.50.
J.C. Penney Company Inc. has a market cap of $7.99 billion; its shares were traded at around $35.98 with a P/E ratio of 8.10 and P/S ratio of 0.41. The dividend yield of J.C. Penney Company Inc. stocks is 2.17%.
World Fuel Services Corp. (INT): CEO, Director Paul H. Stebbins Bought 25,000 Shares
World Fuel Services Corporation (INT) engages in the marketing and sale of marine, aviation, and land fuel products and related services. The company set their quarterly dividend at $0.0375 per share. World Fuel Services posted a 10% lower gross profit of $35.1 million. The company made a GAAP net income of $15.8 million or $0.55 per diluted share, compared to $14.8 million or $0.51 per diluted share.
CEO, Director Paul H. Stebbins bought 25,000 shares on 6/25/08 at $21.45. Other buys were made between $21.40 and $25: Director Stephen K. Roddenberry bought 4,000 shares; and CFO Ira M. Birns bought 2,500 shares.
Director Richard A. Kassar sold 10,000 shares on 5/22/08 at $24.40.
World Fuel Services Corp. has a market cap of $596.50 million; its shares were traded at around $20.76 with a P/E ratio of 9.16 and P/S ratio of 0.04. The dividend yield of World Fuel Services Corp. stocks is 0.7%.
Dell Inc. (DELL): Chairman and CEO, Director, 10% Owner Michael S. Dell Bought 4,503,600 Shares
Dell, Inc. (DELL) will expand their software business, especially their information technology support systems. For the quarter, the computer maker posted steady first quarter profits on solid laptop sales overseas. Dell plans to cut $3 billion in costs by 2011. The company’s earnings rose 4% to $784 million on revenue of $16.08 billion. The company shares have been traded between $18.13 and $30.77 in the past year.
George Soros, Robert Olstein, and Glenn Greenberg both bought shares of DELL in the past quarter.
Mason Hawkins, Wallace Weitz, Charles Brandes, Chris Davis, Brian Rogers, Sarah Ketterer, John Rogers, Kenneth Fisher, Bill Nygren, and Arnold Schneider kept their holdings unchanged. Dodge & Cox reduced his DELL holdings by half, and Jean-Marie Eveillard nearly sold out all his DELL holdings.
Chairman and CEO, Director, 10% Owner Michael S. Dell bought 4,503,600 shares on 7/1/08 at $22.14.
Also insiders sold their shares since March between $20.02 and $23.94: President, Global Consumer Ronald Garriques sold 114,694 shares; SVP Andrew C. Esparza sold 12,123 shares; Director Thomas W. Luce III sold 3,230 shares; CAO Thomas W. Sweet sold a total of 34,146 shares; SVP Jeffrey W. Clarke sold 2,608 shares; SVP David A. Marmonti sold 1,147 shares.
Dell Inc. has a market cap of $45.88 billion; its shares were traded at around $22.7 with a P/E ratio of 16.74 and P/S ratio of 0.72.
CapitalSource Inc. (CSE): Chairman and CEO, Director John K. Delaney Bought 350,000 Shares
Specialized finance company CapitalSource, Inc., (CSE) declared their second quarter dividend at $0.60 per share. Late June, Capital Source offered 30 million shares of stock. The company shares are current at their 52-week lows. Capital Source plans to acquire lender Chevy Chase, who owns $3 billion in cash investments. Also CapitalSource will buy bank Fremont General Corporation for $58 million.
Pres. Structured Fin. Bus. Michael C Szwajkowski, Chairman and CEO, Director John K. Delaney and Capital Partners Farallon bought 9,000 shares, 350,000 shares, and 18 million shares respectively on 6/27/08 at $11.
CapitalSource Inc. has a market cap of $2.57 billion; its shares were traded at around $10.9 with a P/E ratio of 21.21 and P/S ratio of 4.26. The dividend yield of CapitalSource Inc. stocks is 22.06%.
Western Alliance Ban Corp. (WAL): Chairman, President and CEO, Director Robert Gary Sarver Bought 302,000 Shares
The shares of Alliance Bancorporation, (WAL) a bank holding company, struck a 52-week low, after the company raised $30.2 million in private placement. Analysts cut earnings outlook to $0.57 from $0.60 for the year.
On 6/27/08, Chairman, President and CEO, Director Robert Gary Sarver and Director, 10% Owner William S. Boyd each bought 302,000 shares; Directors M. Nafees Nagy and Todd Marshall each bought 125,000 shares; Director Steven J. Hilton bought 100,000 shares; Director Arthur Marshall bought 31,250 shares; Director Marianne Boyd Johnson bought 25,000 shares; Director George Maloof Jr. bought 18,900 shares; EVP Merrill Wall and Director John Sande III each bought 6,297 shares; EVP Arnold Grisham bought 3,150 shares.
Western Alliance Ban Corp. has a market cap of $227.82 million; its shares were traded at around $7.53 with a P/E ratio of 9.22 and P/S ratio of 1.32.
J.C. Penney Company Inc. (JCP): Chairman and CEO, Director Myron E. Ullman III Bought 27,000 Shares
J. C. Penney Company, Inc. (JCP) will cut costs down to $650 million in order to pass the weak economic market. The department chain cut the number of planned new stores from 36 to 20 for this year. In May, same store-sales dropped 4.4%; the retailer expects this trend to continue through June. JC Penney set their quarterly dividend at $0.20 per share. The company’s quarterly profits declined nearly 50%, as sales lower 5.1% to $4.13 billion. JCP stock has lost around 40% its value within the past year. In the quarter that ended in May, their income totaled $120 million or $0.54 compared to a prior $238 million or $1.04 per share.
HOTCHKIS & WILEY, Richard Pzena, Bill Miller, David Dreman, David Williams, Chris Davis, Dodge & Cox, Robert Olstein, Carl Icahn, and Ruane Cunniff own shares of JC Penney Company.
Chairman and CEO, Director Myron E. Ullman III bought 27,000 shares of JCP stock on 6/25/08 at $38.45. EVP Michael T. Theilmann sold 10,000 shares on 2/25/08 at $48.50.
J.C. Penney Company Inc. has a market cap of $7.99 billion; its shares were traded at around $35.98 with a P/E ratio of 8.10 and P/S ratio of 0.41. The dividend yield of J.C. Penney Company Inc. stocks is 2.17%.
World Fuel Services Corp. (INT): CEO, Director Paul H. Stebbins Bought 25,000 Shares
World Fuel Services Corporation (INT) engages in the marketing and sale of marine, aviation, and land fuel products and related services. The company set their quarterly dividend at $0.0375 per share. World Fuel Services posted a 10% lower gross profit of $35.1 million. The company made a GAAP net income of $15.8 million or $0.55 per diluted share, compared to $14.8 million or $0.51 per diluted share.
CEO, Director Paul H. Stebbins bought 25,000 shares on 6/25/08 at $21.45. Other buys were made between $21.40 and $25: Director Stephen K. Roddenberry bought 4,000 shares; and CFO Ira M. Birns bought 2,500 shares.
Director Richard A. Kassar sold 10,000 shares on 5/22/08 at $24.40.
World Fuel Services Corp. has a market cap of $596.50 million; its shares were traded at around $20.76 with a P/E ratio of 9.16 and P/S ratio of 0.04. The dividend yield of World Fuel Services Corp. stocks is 0.7%.
