|Bid||15.12 x 800|
|Ask||15.05 x 4000|
|Day's Range||14.98 - 15.79|
|52 Week Range||12.52 - 17.59|
|Beta (5Y Monthly)||1.51|
|PE Ratio (TTM)||19.61|
|Earnings Date||Feb 18, 2020 - Feb 23, 2020|
|Forward Dividend & Yield||0.48 (3.10%)|
|Ex-Dividend Date||Dec 08, 2019|
|1y Target Est||17.83|
Veteran chief information officer Archana Deskus joins Intel Corp. as the Santa Clara chipmaker becomes increasingly focused on data.
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Aruba extends its industry-leading SD-Branch solution with Zero Trust security and new cloud-native management capabilities.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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Dividend stocks that buy back their own shares often have a good chance of doing well. And there are a couple of reasons for this.For one, stock buybacks help push up the stock price.In addition, over time the smaller number of shares outstanding allows the company the raise the dividend per share. The stock buybacks reduce the number of shareholders who are entitled to the same dividends. Therefore, a larger increase makes more sense than otherwise.InvestorPlace - Stock Market News, Stock Advice & Trading TipsI researched this and found five well-capitalized dividend stocks with large stock buyback programs. These stocks are also very cheap, with low price-to-earnings ratios.In addition, the buyback yield, which is the buyback program divided by the market value of the stock, is often higher than the dividend yield. Companies tend to spend more on buybacks than dividends as a way to return capital to shareholders. * 7 Vaping Stocks to Get into Ahead of the Crowd It turns out that the total yield, which is dividend yield added to buyback yield, is a good predictor of shareholder returns. Dividend Stocks: Wells Fargo (WFC)Source: Mark R. Hake, CFA Dividend Yield: 3.79%Buyback Yield: 13.05%Total Yield: 16.84%Wells Fargo (NYSE:WFC) stock benefits from a large buyback program. WFC received approval in late June from the Federal Reserve for up to $23 billion in buybacks. The company recently bought back $7.5 billion in shares during the latest quarter. That made it one of the top three buyback companies in the U.S.At this rate, Wells Fargo will buy back $30 billion in shares over the next year. That represents over 13% of its $227 billion in market value over the next year. Combined with its 3.79% dividend yield, the buyback yield together makes a total yield of 16.8%WFC stock is cheap, with a forward price-to-earnings of just 12.5 times. Shareholders should expect a good return on WFC stock with the company returning so much capital to shareholders. Expedia (EXPE)Source: Mark R. Hake, CFA Dividend Yield: 1.2%Buyback Yield: 10.4%Total Yield: 11.6%Expedia (NASDAQ:EXPE) will significantly benefit from a massive buyback program announced on Dec. 4, 2019. Barry Diller, the CEO, fired management and immediately announced a new 20 million share buyback program.Moreover, EXPE has an existing 9 million share buyback program. There are about 145 million shares outstanding. Therefore, the buybacks represent over 20% of its market value over the next two years. I wrote an article recently about this intriguing situation. The buyback yield is over 10% per year. The total yield is over 11.6% per year.Moreover, Barry Diller, who controls over 49% of the voting stock, said he would also start buying more shares for himself. That is fantastic. It will have the same effect as a buyback on top of a buyback. * The 8 Biggest Investing Surprises of 2019 So look for really good things to happen to EXPE stock. It is reasonably cheap, with a forward price-to-earnings ratio of just 16 times. In my article, I estimated that the true value of Expedia stock is over $124 per share. That represents a return of at least 12% to investors. Intel (INTC)Dividend Yield: 2.2%Buyback Yield: 5.5%Total Yield: 7.7%Intel (NASDAQ:INTC) stock has a total yield of 7.7%. Like most of the other companies here, most of this yield comes from the INTC's buyback yield of 5.5%.Intel's board recently updated its buyback program. They added $20 billion to its existing $7.2 billion share repurchase program. Therefore, over the next two years, the $13.6 billion in buybacks represent a 5.5% buyback yield. This is because the Intel stock market value is $249 billion.Moreover, Intel stock has a very cheap forward price-to-earnings ratio of just 12.5 times. This will allow the company to buy back shares at a very cheap price.I recently wrote an article about INTC stock. I estimated the true value is over $65 per share. This represents a potential return of 14% to investors. Shareholders should expect a minimum total return of at least 7.7% per annum as INTC continues its buybacks. Janus Henderson Group (JHG)Source: Mark R. Hake, CFA Dividend Yield: 5.8%Buyback Yield: 4.4%Total Yield: 10.2%Janus Henderson (NYSE:JHG) stock benefits from both a high dividend yield and a high buyback yield, as you can see in the chart above. So this gives the fund management company, based in the U.K. and Denver, a high total yield of over 10% for shareholders.For example, based on my calculations in a recent article I wrote, JHG buys about $200 million of its own shares a year. JHG stock has a market value of over $4.5 billion. So the buyback program represents a 4.4% buyback yield. This will both help the dividend per share rise faster than otherwise, and also help push up the price of Janus Henderson stock. * 5 Large-Cap Dividend Stocks to Buy In addition, JHG stock is very cheap. It trades for just 10 times earnings. So, given that the total yield is over 10%, including the dividend and buyback yields, investors should do well over time. Hewlett Packard Enterprises (HPE)Source: Mark R. Hake, CFA Dividend Yield: 2.98%Buyback Yield: 13.35%Total Yield: 16.33%Hewlett Packard Enterprises (NYSE:HPE) stock has a very high total yield. This server and cloud storage company -- not Hewlett Packard, Inc. (NYSE:HPQ) the printer company -- has a $20.5 billion market value.HPE's capital return program of $7 billion over two years, including dividends, represents a buyback yield of over 13.3% per year (i.e. $2.7 billion in annual buybacks divided by its $20.5 billion market value). In addition, HPE stock has a nice 3% dividend yield.HPE is also very cheap at 8 times forward earnings. Combined with its high total yield, investors in HPE stock should do quite well over the next year. I recently wrote an article on HPE stock. I estimated its value at $25.84 per HPE share. This is an estimated return of over 60% for investors.As of this writing, Mark Hake, CFA does not hold a position in any of the aforementioned securities. Mark Hake runs the Total Yield Value Guide which you can review here. The Guide focuses on high total yield value stocks. Subscribers get a two-week free trial. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Vaping Stocks to Get into Ahead of the Crowd * 5 Retail Stocks That Are Winning Big This Holiday Season * Make the Shift Toward Value Stocks With These 5 Picks The post 5 Dividend Stocks That Are Buying Back Their Shares appeared first on InvestorPlace.
Ross, 42, runs the enterprise sales infrastructure for Hewlett Packard Enterprise in Central Canada.
David Herzog joined DXC in 2017, when the company formed from a spin-off of Hewlett-Packard’s enterprise services business and a merger with Computer Sciences Corp.
(Bloomberg) -- Oracle Corp. will move its marquee annual user conference to Las Vegas, abandoning its longtime venue of San Francisco due to the rising cost of visiting the city and its homeless crisis.Oracle’s OpenWorld will be held in Las Vegas beginning next year, the San Francisco Travel Association said Tuesday in a statement. The travel group, in an email reported earlier by CNBC, said the software company committed the conference to Las Vegas for three years, costing San Francisco an estimated $64 million. Oracle, headquartered about 22 miles south of San Francisco in Redwood City, California, told the travel authority that its conference guests were unhappy with San Francisco’s dirty streets and costly hotel rates, according to CNBC.Las Vegas is a key destination for technology conferences. Amazon.com Inc.’s cloud-computing arm, Dell Technologies Inc., Adobe Inc. and Hewlett Packard Enterprise Co. are just a few of the companies that host conferences in the desert city -- drawn to its large venues and inexpensive hotel room rates.Oracle declined to respond to requests for comment on the move.Oracle also holds OpenWorld conferences in Dubai, London, Singapore and Sao Paulo. The company encourages customers and partners to “register for an OpenWorld near you,” reducing the importance of the San Francisco gathering, where the company unveils new software products. The San Francisco OpenWorld generally attracted about 60,000 attendees. For years, the conference has been overshadowed by Dreamforce, rival Salesforce.com Inc.’s annual confab that the company describes as the world’s largest software conference. Dreamforce had more than 170,000 registered attendees in November.San Francisco hasn’t been a happy home for OpenWorld or Dreamforce for years, with residents complaining about street closures caused by the conferences and a surge of pedestrian traffic downtown. Local hotels swell room rates in anticipation of demand among attendees.Oracle held the first official OpenWorld conference at San Francisco’s Moscone Center in 1996, according to its website. The company’s user gatherings date back to 1982, when 50 attendees gathered for International Oracle Users Week at a hotel in San Francisco.To contact the reporter on this story: Nico Grant in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew Pollack, Robin AjelloFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […]
Icahn said, "I can say without exaggeration that the combination of HP and Xerox is one of the most obvious no-brainers I have ever encountered in my career."
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