The market was almost flat this week. It dropped 2.75 points, or about 0.2%. The Technology and healthcare stocks continues to be the top out of favor industry. Last week’s top five companies that reached their 52-week lows were Verizon Communications Inc, Eli Lilly and Company, WellPoint Inc, and Safeway Inc.
Of the Technology Hardware and Equipment industry, 45 stocks have reached their 52-week lows, while 10 have reached their 52-week highs, giving the Technology Hardware and Equipment industry a low/high ratio of 4.5. The Media and Pharmaceuticals and Biotechnology industries both have a low/high ratio of 4.17. 25 stocks in the Media industry have reached their 52-week lows, while 6 have reached their 52-week highs. In the Pharmaceuticals and Biotechnology industry, 50 stocks reached their 52-week lows and 12 reached their 52-week highs.
For full details about out of favor industries and more click here: http://www.gurufocus.com/52weeklow.php.
Verizon Communications Inc. (VZ, Financial) Reached the 52-Week Low of $35.36
The prices of Verizon Communications Inc. (VZ) shares have declined to close to the 52-week low of $35.36, which is 23.4% off the 52-week high of $46.24. Verizon Communications Inc. is owned by 12 Gurus we are tracking.
Verizon Communications provides a range of communication services worldwide. It has a market cap of $104.15 billion. The company has a P/E ratio of 19.03 and P/S ratio of 1.09. Its dividend yield is 4.6%.
Most telecommunications companies dropped a couple percents on 2/22/08 , including Ciena and AT&T. According to a study commissioned by the Telecommunications Industry Association, the U.S. telecom industry, including companies such as Verizon Communications, will grow at a slower rate than other worldwide companies.
Verizon Communications Inc. is owned by 12 Gurus. Among them, 3 have added to their positions during the past quarter, and 2 initiated positions in the company. 7 reduced their positions.
Jean-Marie Eveillard bought 3,115,700 shares in the quarter that ended on 12/31/2007 . Richard Aster Jr. bought 644,300 shares in the quarter that ended on 12/31/2007 . Richard Snow owns 115,387 shares as of 12/31/2007 , an increase of 189.31% from the previous quarter. L.P. Mark Hillman owns 1,462,186 shares as of 12/31/2007 , an increase of 53.38% from the previous quarter.
David Dreman owns 7,201,980 shares as of 12/31/2007 , which accounts for 1.83% of the $17.23 billion portfolio of Dreman Value Management. Charles Brandes owns 17,440,884 shares as of 12/31/2007 , which accounts for 1.59% of the $47.85 billion portfolio of Brandes Investment.
George Soros owns 146,700 shares as of 12/31/2007 , a decrease of 60.01% from the previous quarter. Richard Pzena sold out his holdings in the quarter that ended on 12/31/2007 .
Director John W, Snow bought 1,000 shares of VZ stock on 02/06/2008 at the average price of $36.92; the price of the stock has decreased by 4.23% since.
Eli Lilly and Company (LLY, Financial) Reached the 52-Week Low of $49.82
Eli Lilly and Company (LLY) is one of the big pharmaceutical companies that are touching 52-week lows. The prices of Eli Lilly and Company (LLY) shares have declined to close to the 52-week low of $49.82, which is 19.5% off the 52-week high of $61.
Eli Lilly and Company sells pharmaceutical products internationally. It has a market cap of $55.18 billion, a P/E ratio of 18.66 and P/S ratio of 2.92. The dividend yield of Eli Lilly and Company stocks is 3.7%.
Eli Lilly and company grew about 3% after the Food and Drug Administration decided to give priority review of prasugrel, for patients with acute coronary syndrome. Now that it's under priority review, the new-drug application, submitted to the agency just before the New Year, will likely receive a decision within six months.
Eli Lilly and Company is owned by 9 Gurus. Among them, 3 reduced their positions. 2 initiated positions, 3 left them unchanged and 1 increased his positions in LLY.
Ruane Cunniff bought 5,556 shares of LLY in the quarter that ended on 12/31/2007 . Richard Pzena bought 11,950 shares in the quarter that ended on 12/31/2007 .
Kenneth Fisher owns 246,091 shares as of 09/30/2007 , an increase of 19.18% from the previous quarter. This position accounts for 0.04% of the $37.1 billion portfolio of Fisher Asset Management, LLC. Edward Owens owns 23,629,900 shares as of 12/31/2007 , which accounts for 5.21% of the $24224.48 billion portfolio of Vanguard Health Care Fund.
HOTCHKIS & WILEY owns 9,684,700 shares as of 12/31/2007 , a decrease of 28.57% from the previous quarter.
EVP, Science and Technology Steven M. Paul sold 19,822 shares of LLY stock on 02/04/2008 at the average price of $51.6; the price of the stock has decreased by 3.45% since.
WellPoint Inc. (WLP, Financial) Reached the 52-Week Low of $74.23
WellPoint Inc. operates as a commercial health benefits company in the United States . It has a market cap of $42.18 billion, a P/E ratio of 13.30 and a P/S ratio of 0.69.
Health insurers announced lower profit forecasts, which sent shares of health companies plunging. After this news was announced WellPoint dropped $0.87.
The company is owned by 10 Gurus. Among them, 2 have added to their positions in the past quarter, 1 initiated positions, 5 reduced their positions, and 2 left them unchanged.
Robert Olstein bought 171,900 shares in the quarter that ended on 12/31/2007 . Wallace Weitz owns 1,895,620 shares as of 12/31/2007 .
Jean-Marie Eveillard owns 526,970 shares as of 12/31/2007 , a decrease of 42.82% from the previous quarter. George Soros owns 4,181 shares as of 12/31/2007 , a decrease of 87.2% from the previous quarter.
Most notably, legendary investor Warren Buffett owns 4,500,000 shares of the company as of 12/31/2007 , which accounts for 0.57% of the $68.77 billion portfolio of Berkshire Hathaway.
Pres & CEO and EVP Kenneth R. Goulet sold 15,000 shares of WLP stock on 02/14/2008 at the average price of $74.06; the price of the stock has increased by 0.23% since. Director Larry C. Glasscock sold 31,111 shares of WLP stock on 01/22/2008 at the average price of $79.35; the price of the stock has decreased by 6.45% since.
Kookmin Bank (KB, Financial) Reached the 52-Week Low of $61.75
The prices of Kookmin Bank (KB) shares have declined to close to the 52-week low of $61.75, which is 37.0% off the 52-week high of $98. Kookmin Bank is owned by 3 Gurus we are tracking. Among them, 1 has added to their positions during the past quarter. 2 reduced their positions.
Kookmin Bank, together with its subsidiaries, provides commercial banking services to individuals, and small and medium sized enterprises in South Korea . Kookmin Bank has a market cap of $20.94 billion; its shares were traded at around $61.75 with a P/E ratio of 8.67 and P/S ratio of 1.46.
South Korean markets fell sharply after worries about a weakening U.S. economy and financial markets. Kookmin Bank, the country’s top lender, fell 3.1%.
Dodge & Cox owns 8,378,100 shares as of 12/31/2007 , an increase of 22.7% from the previous quarter. This position accounts for 0.49% of the $126.23 billion portfolio of Dodge & Cox.
Richard Pzena owns 146,825 shares as of 12/31/2007 , which accounts for 0.05% of the $21.08 billion portfolio of Pzena Investment Management LLC.
Kenneth Fisher owns 71,200 shares as of 09/30/2007 , a decrease of 21.04% from the previous quarter. This position accounts for 0.02% of the $37.1 billion portfolio of Fisher Asset Management, LLC.
Safeway Inc. (SWY, Financial) Reached the 52-Week Low of $29.66
The prices of Safeway Inc. (SWY) shares have declined to close to the 52-week low of $29.66, which is 21.4% off the 52-week high of $38.31. Safeway Inc. is owned by 3 Gurus we are tracking.
Safeway, Inc. operates as a food and drug retailer. It has a market cap of $13.16 billion; its shares were traded at around $29.66 with a P/E ratio of 14.81 and P/S ratio of 0.32. The dividend yield of Safeway Inc. stocks is 0.9%.
Safeway is not doing very well in the matter of sales growth, although it met analyst profit estimates in the 4 th quarter of 2007. This caused the company’s stock price to drop.
Safeway Inc. is owned by 3 Gurus. Among them, 1 initiated positions, 1 increased position, 1 decreased position, and 2 sold out their holdings of Safeway Inc.
Ken Heebner bought 1,153,100 shares in the quarter that ended on 12/31/2007 , which is 0.39% of the $10.04 billion portfolio of CAPITAL GROWTH MANAGEMENT LP.
HOTCHKIS & WILEY owns 7,319,800 shares as of 12/31/2007, an increase of 23.99% from the previous quarter. This position accounts for 1.02% of the $24.55 billion portfolio of HOTCHKIS & WILEY Capital Management LLC.
Charles Brandes owns 27,914,979 shares as of 12/31/2007, which accounts for 2% of the $47.85 billion portfolio of Brandes Investment.
George Soros and David Dreman both sold out their holdings in the quarter that ended on 12/31/2007 .
Senior Vice President Donald P. Wright bought 10,000 shares of SWY stock on 10/19/2007 at the average price of $31.58; the price of the stock has decreased by 6.08% since.
Of the Technology Hardware and Equipment industry, 45 stocks have reached their 52-week lows, while 10 have reached their 52-week highs, giving the Technology Hardware and Equipment industry a low/high ratio of 4.5. The Media and Pharmaceuticals and Biotechnology industries both have a low/high ratio of 4.17. 25 stocks in the Media industry have reached their 52-week lows, while 6 have reached their 52-week highs. In the Pharmaceuticals and Biotechnology industry, 50 stocks reached their 52-week lows and 12 reached their 52-week highs.
For full details about out of favor industries and more click here: http://www.gurufocus.com/52weeklow.php.
Verizon Communications Inc. (VZ, Financial) Reached the 52-Week Low of $35.36
The prices of Verizon Communications Inc. (VZ) shares have declined to close to the 52-week low of $35.36, which is 23.4% off the 52-week high of $46.24. Verizon Communications Inc. is owned by 12 Gurus we are tracking.
Verizon Communications provides a range of communication services worldwide. It has a market cap of $104.15 billion. The company has a P/E ratio of 19.03 and P/S ratio of 1.09. Its dividend yield is 4.6%.
Most telecommunications companies dropped a couple percents on 2/22/08 , including Ciena and AT&T. According to a study commissioned by the Telecommunications Industry Association, the U.S. telecom industry, including companies such as Verizon Communications, will grow at a slower rate than other worldwide companies.
Verizon Communications Inc. is owned by 12 Gurus. Among them, 3 have added to their positions during the past quarter, and 2 initiated positions in the company. 7 reduced their positions.
Jean-Marie Eveillard bought 3,115,700 shares in the quarter that ended on 12/31/2007 . Richard Aster Jr. bought 644,300 shares in the quarter that ended on 12/31/2007 . Richard Snow owns 115,387 shares as of 12/31/2007 , an increase of 189.31% from the previous quarter. L.P. Mark Hillman owns 1,462,186 shares as of 12/31/2007 , an increase of 53.38% from the previous quarter.
David Dreman owns 7,201,980 shares as of 12/31/2007 , which accounts for 1.83% of the $17.23 billion portfolio of Dreman Value Management. Charles Brandes owns 17,440,884 shares as of 12/31/2007 , which accounts for 1.59% of the $47.85 billion portfolio of Brandes Investment.
George Soros owns 146,700 shares as of 12/31/2007 , a decrease of 60.01% from the previous quarter. Richard Pzena sold out his holdings in the quarter that ended on 12/31/2007 .
Director John W, Snow bought 1,000 shares of VZ stock on 02/06/2008 at the average price of $36.92; the price of the stock has decreased by 4.23% since.
Eli Lilly and Company (LLY, Financial) Reached the 52-Week Low of $49.82
Eli Lilly and Company (LLY) is one of the big pharmaceutical companies that are touching 52-week lows. The prices of Eli Lilly and Company (LLY) shares have declined to close to the 52-week low of $49.82, which is 19.5% off the 52-week high of $61.
Eli Lilly and Company sells pharmaceutical products internationally. It has a market cap of $55.18 billion, a P/E ratio of 18.66 and P/S ratio of 2.92. The dividend yield of Eli Lilly and Company stocks is 3.7%.
Eli Lilly and company grew about 3% after the Food and Drug Administration decided to give priority review of prasugrel, for patients with acute coronary syndrome. Now that it's under priority review, the new-drug application, submitted to the agency just before the New Year, will likely receive a decision within six months.
Eli Lilly and Company is owned by 9 Gurus. Among them, 3 reduced their positions. 2 initiated positions, 3 left them unchanged and 1 increased his positions in LLY.
Ruane Cunniff bought 5,556 shares of LLY in the quarter that ended on 12/31/2007 . Richard Pzena bought 11,950 shares in the quarter that ended on 12/31/2007 .
Kenneth Fisher owns 246,091 shares as of 09/30/2007 , an increase of 19.18% from the previous quarter. This position accounts for 0.04% of the $37.1 billion portfolio of Fisher Asset Management, LLC. Edward Owens owns 23,629,900 shares as of 12/31/2007 , which accounts for 5.21% of the $24224.48 billion portfolio of Vanguard Health Care Fund.
HOTCHKIS & WILEY owns 9,684,700 shares as of 12/31/2007 , a decrease of 28.57% from the previous quarter.
EVP, Science and Technology Steven M. Paul sold 19,822 shares of LLY stock on 02/04/2008 at the average price of $51.6; the price of the stock has decreased by 3.45% since.
WellPoint Inc. (WLP, Financial) Reached the 52-Week Low of $74.23
WellPoint Inc. operates as a commercial health benefits company in the United States . It has a market cap of $42.18 billion, a P/E ratio of 13.30 and a P/S ratio of 0.69.
Health insurers announced lower profit forecasts, which sent shares of health companies plunging. After this news was announced WellPoint dropped $0.87.
The company is owned by 10 Gurus. Among them, 2 have added to their positions in the past quarter, 1 initiated positions, 5 reduced their positions, and 2 left them unchanged.
Robert Olstein bought 171,900 shares in the quarter that ended on 12/31/2007 . Wallace Weitz owns 1,895,620 shares as of 12/31/2007 .
Jean-Marie Eveillard owns 526,970 shares as of 12/31/2007 , a decrease of 42.82% from the previous quarter. George Soros owns 4,181 shares as of 12/31/2007 , a decrease of 87.2% from the previous quarter.
Most notably, legendary investor Warren Buffett owns 4,500,000 shares of the company as of 12/31/2007 , which accounts for 0.57% of the $68.77 billion portfolio of Berkshire Hathaway.
Pres & CEO and EVP Kenneth R. Goulet sold 15,000 shares of WLP stock on 02/14/2008 at the average price of $74.06; the price of the stock has increased by 0.23% since. Director Larry C. Glasscock sold 31,111 shares of WLP stock on 01/22/2008 at the average price of $79.35; the price of the stock has decreased by 6.45% since.
Kookmin Bank (KB, Financial) Reached the 52-Week Low of $61.75
The prices of Kookmin Bank (KB) shares have declined to close to the 52-week low of $61.75, which is 37.0% off the 52-week high of $98. Kookmin Bank is owned by 3 Gurus we are tracking. Among them, 1 has added to their positions during the past quarter. 2 reduced their positions.
Kookmin Bank, together with its subsidiaries, provides commercial banking services to individuals, and small and medium sized enterprises in South Korea . Kookmin Bank has a market cap of $20.94 billion; its shares were traded at around $61.75 with a P/E ratio of 8.67 and P/S ratio of 1.46.
South Korean markets fell sharply after worries about a weakening U.S. economy and financial markets. Kookmin Bank, the country’s top lender, fell 3.1%.
Dodge & Cox owns 8,378,100 shares as of 12/31/2007 , an increase of 22.7% from the previous quarter. This position accounts for 0.49% of the $126.23 billion portfolio of Dodge & Cox.
Richard Pzena owns 146,825 shares as of 12/31/2007 , which accounts for 0.05% of the $21.08 billion portfolio of Pzena Investment Management LLC.
Kenneth Fisher owns 71,200 shares as of 09/30/2007 , a decrease of 21.04% from the previous quarter. This position accounts for 0.02% of the $37.1 billion portfolio of Fisher Asset Management, LLC.
Safeway Inc. (SWY, Financial) Reached the 52-Week Low of $29.66
The prices of Safeway Inc. (SWY) shares have declined to close to the 52-week low of $29.66, which is 21.4% off the 52-week high of $38.31. Safeway Inc. is owned by 3 Gurus we are tracking.
Safeway, Inc. operates as a food and drug retailer. It has a market cap of $13.16 billion; its shares were traded at around $29.66 with a P/E ratio of 14.81 and P/S ratio of 0.32. The dividend yield of Safeway Inc. stocks is 0.9%.
Safeway is not doing very well in the matter of sales growth, although it met analyst profit estimates in the 4 th quarter of 2007. This caused the company’s stock price to drop.
Safeway Inc. is owned by 3 Gurus. Among them, 1 initiated positions, 1 increased position, 1 decreased position, and 2 sold out their holdings of Safeway Inc.
Ken Heebner bought 1,153,100 shares in the quarter that ended on 12/31/2007 , which is 0.39% of the $10.04 billion portfolio of CAPITAL GROWTH MANAGEMENT LP.
HOTCHKIS & WILEY owns 7,319,800 shares as of 12/31/2007, an increase of 23.99% from the previous quarter. This position accounts for 1.02% of the $24.55 billion portfolio of HOTCHKIS & WILEY Capital Management LLC.
Charles Brandes owns 27,914,979 shares as of 12/31/2007, which accounts for 2% of the $47.85 billion portfolio of Brandes Investment.
George Soros and David Dreman both sold out their holdings in the quarter that ended on 12/31/2007 .
Senior Vice President Donald P. Wright bought 10,000 shares of SWY stock on 10/19/2007 at the average price of $31.58; the price of the stock has decreased by 6.08% since.
