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Guru Stocks Raising Dividends: Verizon Communications Inc., Alliance Financial Corporation, Guess?, Inc., ESSA Bancorp, Inc., Harris Corporation.

September 13, 2009 | About:
Vishal Mishra

gurujk

5 followers
These are companies that raised their dividend during the week: Verizon Communications Inc., Alliance Financial Corporation, Guess?, Inc., ESSA Bancorp, Inc., and Harris Corporation.

1. Verizon Communications Inc. (VZ)

Verizon Communications Inc. ( VZ) which offers Wireline and Domestic Wireless communication service in the US. The company’s board of directors announced a 3.3% increase in its quarterly dividends to 47.5 cents/share. Verizon Communications formed by the merger of Bell Atlantic and GTE is one of the world's leading providers of high-growth communications services. Verizon companies are the largest providers of wireline and wireless communications in the United States. Verizon is also the world's largest provider of print and on-line directory information. Verizon Communications Inc. has a market cap of $88.8 billion; its shares were traded at around $31.26 with a P/E ratio of 12.36 and P/S ratio of 0.91. The dividend yield of Verizon Communications Inc. stocks is 5.89%. Verizon Communications Inc. had an annual average earning growth of 2.4% over the past 10 years. GuruFocus rated Verizon Communications Inc. the business predictability ran k of 4-star.

Verizon Communications Inc. reported diluted earnings per share (EPS) of 52 cents in the second quarter 2009, compared with 66 cents per share in the second quarter 2008. On an adjusted basis (non-GAAP), second-quarter 2009 earnings were 63 cents per share, compared with second-quarter 2008 earnings of 67 cents per share.

Verizon Communications Inc. is owned by 10 Gurus. George Soros bought 594,853 shares in the quarter that ended on 06/30/2009, which is 0.7% of the $2.61 billion portfolio of Soros Fund Management LLC. Richard Snow bought 56,373 shares in the quarter that ended on 06/30/2009, which is 0.09% of the $1.96 billion portfolio of Snow Capital Management, L.P.. Mark Hillman owns 487,597 shares as of 06/30/2009, an increase of 16.99% from the previous quarter. This position accounts for 4.06% of the $369 million portfolio of Hillman Capital Management. Mark Hillman owns 487,597 shares as of 06/30/2009, which accounts for 4.06% of the $369 million portfolio of Hillman Capital Management. Tweedy Browne owns 11,418 shares as of 06/30/2009, which accounts for 0.02% of the $1.69 billion portfolio of Tweedy Browne CO LLC. Dodge & Cox owns 9,008 shares as of 06/30/2009, which accounts for less than 0.01% of the $66.88 billion portfolio of Dodge & Cox. Brian Rogers owns 5,207,100 shares as of 06/30/2009, which accounts for 1.17% of the $13.63 billion portfolio of T Rowe Price Equity Income Fund. NWQ Managers owns 6,777,935 shares as of 06/30/2009, which accounts for 1.41% of the $14.8 billion portfolio of NWQ Investment Management Co. Charles Brandes owns 11,681,558 shares as of 06/30/2009, which accounts for 1.96% of the $18.33 billion portfolio of Brandes Investment. Kenneth Fisher owns 272,555 shares as of 06/30/2009, a decrease of 23.7% of from the previous quarter. This position accounts for 0.03% of the $24.67 billion portfolio of Fisher Asset Management, LLC. David Dreman owns 370,976 shares as of 06/30/2009, a decrease of 84.58% of from the previous quarter. This position accounts for 0.36% of the $3.12 billion portfolio of Dreman Value Management. Richard Aster Jr sold out his holdings in the quarter that ended on 06/30/2009. Jean-Marie Eveillard sold out his holdings in the quarter that ended on 06/30/2009. Buy: EVP and Pres. & CEO - VZW JV  Lowell C Mcadam bought 16,700 shares of VZ stock on 05/06/2009 at the average price of $30.56; the price of the stock has increased by 2.29% since. Buy: Director  John R Stafford bought 3,100 shares of VZ stock on 07/31/2009 at the average price of $32.04; the price of the stock has decreased by 2.43% since.Buy: Director  Clarence Jr Otis bought 3,000 shares of VZ stock on 07/31/2009 at the average price of $32.14; the price of the stock has decreased by 2.74% since.

2. Alliance Financial Corporation (ALNC)

Alliance Financial Corporation ( ALNC), which which provides various banking products and services to commercial, retail, government, and investment management customers, increased its quarterly dividend by 7.7% to 28 cents per share. The stock currently yields 4.00%. Alliance Financial Corp. formerly known as Cortland First Financial Corporation is a bank holding company and commenced business. First National Bank of Cortland is a wholly owned subsidiary of Alliance Financial Corp. and its only operating entity. The bank is an independent commercial bank committed to serving the financial needs of customers in the local communities. Alliance Financial Corp. has a market cap of $125.2 million; its shares were traded at around $27.17 with a P/E ratio of 14.45 and P/S ratio of 1.42. The dividend yield of Alliance Financial Corp. stocks is 3.83%.

Alliance Financial Corporation recently reported fiscal results for its fourth quarter 2008 ended December 31, 2008. Net income in the fourth quarter of 2008 was $10.3 million ($2.24 per diluted share), compared to $9.5 million ($1.98 per diluted share) in the same quarter of the previous year. Revenues in the fourth quarter of 2008 were $1.34 billion, compared to $1.17 billion in the same quarter previous year.

3. Guess?, Inc. (GES)

Guess?, Inc. ( GES), which designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children., increased its quarterly dividend by 25% to 12.5 cents per share. The stock currently yields 1.40%. Guess Inc. designs markets distributes and licenses one of the world's leading lifestyle collections of casual apparel accessories and related consumer products. The lines include full collections of denim and cotton clothing including jeans pants overalls skirts dresses shorts blouses shirts jackets and knitwear. In addition it has granted licenses to manufacture and distribute a broad range of products that complement its apparel lines including clothing for infants and children activewear footwear eyewear watches and home products. Guess ? Inc. has a market cap of $3.35 billion; its shares were traded at around $36.41 with a P/E ratio of 15.49 and P/S ratio of 1.6. The dividend yield of Guess ? Inc. stocks is 1.37%. Guess ? Inc. had an annual average earning growth of 87.2% over the past 5 years.

Guess recently reported fiscal results for its first quarter 2010 ended May 2, 2009. Net income in the quarter of 2010 was $32.5 million ($0.51 per diluted share), compared to $47.8 million ($0.51 per diluted share) in the same quarter of the previous year. Revenues in the first quarter of 2010 were $65.9 million, compared to $75.1 million in the same quarter previous year.

Sell: SVP & CFO  Dennis R Secor sold 22,000 shares of GES stock on 09/01/2009 at the average price of $34.54; the price of the stock has increased by 5.41% since. Sell: SVP & CIO  Michael Relich sold 6,697 shares of GES stock on 09/10/2009 at the average price of $35.86; the price of the stock has increased by 1.53% since. Sell: President & COO  Carlos Alberini sold 162,000 shares of GES stock on 09/09/2009 at the average price of $35.52; the price of the stock has increased by 2.51% since.

4. ESSA Bancorp, Inc. (ESSA)

ESSA Bancorp, Inc. ( ESSA), which provides financial services to individuals, families, and businesses in Pennsylvania, increased its quarterly dividend by 25% to 5 cents per share. The stock currently yields only 1.20%. Essa Bancorp Inc. has a market cap of $189.79 million; its shares were traded at around $12.66 with a P/E ratio of 31.65 and P/S ratio of 3.29. The dividend yield of Essa Bancorp Inc. stocks is 1.26%.

ESSA Bancorp Inc. recently reported fiscal results for its second quarter 2009 ended June 2009. Net income in the quarter of 2009 was $2.0 million, compared to $2.9 million in the same quarter of the previous year. Revenues in the second quarter of 2009 were $1.44 billion, compared to $1.36 billion in the same quarter previous year.

ESSA Bancorp Inc. is owned by 1 Gurus. John Keeley owns 25,000 shares as of 06/30/2009, which accounts for 0.01% of the $5.82 billion portfolio of Keeley Fund Management. Sell: President and CEO  Gary S Olson sold 3,650 shares of ESSA stock on 06/11/2009 at the average price of $13.04; the price of the stock has decreased by 2.91% since. Buy: Director  William A Viechnicki bought 1,000 shares of ESSA stock on 06/08/2009 at the average price of $13.6; the price of the stock has decreased by 6.91% since. Sell: Chairman of the Board  John E Burrus sold 1,450 shares of ESSA stock on 09/03/2009 at the average price of $12.36; the price of the stock has increased by 2.43% since. Sell: Director  William P Douglass sold 4,075 shares of ESSA stock on 08/17/2009 at the average price of $13.51; the price of the stock has decreased by 6.29% since. Sell: Director  Elizabeth B Weekes sold 1,250 shares of ESSA stock on 08/12/2009 at the average price of $13.7; the price of the stock has decreased by 7.59% since. Sell: Director  Elizabeth B Weekes sold 1,000 more shares of ESSA stock on 08/06/2009 at the average price of $13.4; the price of the stock has decreased by 5.52% since.

5. Harris Corporation (HRS)

Harris Corporation ( HRS), which operates as a communications and information technology company that serves government and commercial markets worldwide, increased its quarterly dividend by 10% to 22 cents per share. The stock currently yields 1.90%. Harris Corporation is an international company focused on communicationsequipment for voice data and video applications. The company structures its operations around five operating divisions which divisions have been organized on the basis of specific communications technology and markets. For the most part each operating division has its own marketingengineering manufacturing and service organization. The company produces most of the products it sells except for certain broadcast products sold by the Broadcast Communications Division. Harris Corp. has a market cap of $4.78 billion; its shares were traded at around $36.47 with a P/E ratio of 9.38 and P/S ratio of 0.96. The dividend yield of Harris Corp. stocks is 2.41%. Harris Corp. had an annual average earning growth of 21.3% over the past 10 years.

Harrison Corporation recently reported fiscal results for its fourth quarter 2009 ended July 3, 2009. Net loss in the fourth quarter of 2009 was $156.4 million ($1.19 per diluted share), compared to $121.7 ($0.91 per diluted share) in the previous quarter. Revenues in the fourth quarter of 2009 were $1.4 million, compared to $1.2 million in the same quarter previous year.

Harris Corp. is owned by 7 Gurus. Chris Davis bought 417,833 shares in the quarter that ended on 06/30/2009, which is 0.02% of the $51.82 billion portfolio of Davis Selected Advisers. Richard Aster Jr bought 12,300 shares in the quarter that ended on 06/30/2009, which is 0.02% of the $1.98 billion portfolio of Meridian Fund. Michael Price owns 135,000 shares as of 06/30/2009, an increase of 107.69% from the previous quarter. This position accounts for 1.34% of the $285 million portfolio of MFP Investors LLC. David Williams owns 5,500,000 shares as of 06/30/2009, which accounts for 2.85% of the $5.47 billion portfolio of Columbia Value and Restructuring Fund. Ronald Muhlenkamp owns 547,628 shares as of 06/30/2009, which accounts for 2.35% of the $660 million portfolio of Muhlenkamp Fund. Kenneth Fisher owns 54,550 shares as of 06/30/2009, which accounts for 0.01% of the $24.67 billion portfolio of Fisher Asset Management, LLC. Jean-Marie Eveillard owns 1,600 shares as of 06/30/2009, which accounts for less than 0.01% of the $8.91 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC. Sell: Director  Karen L Katen sold 4,408 shares of HRS stock on 05/12/2009 at the average price of $29.37; the price of the stock has increased by 24.17% since.


Rating: 4.2/5 (5 votes)

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