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Walgreens Announces New $2B Share Buyback Program
Wednesday, July 13, 2011 - 10:32am | 33Walgreen Co. (NYSE: WAG) (NASDAQ: WAG) authorized a new $2 billion share repurchase program, which will expire Dec. 31, 2015.
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Walgreens Increases Dividend by 28.6% to $0.225
Wednesday, July 13, 2011 - 10:31am | 80The board of directors of Walgreen Co. (NYSE: WAG) (NASDAQ: WAG) today increased the quarterly dividend 28.6 percent – the largest quarterly dividend increase in the company's 110-year history – to 22.5 cents per share from the previous rate of 17.5 cents per share. The dividend is payable Sept....
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NASDAQ Stocks Hitting 52-Week Lows
Wednesday, July 13, 2011 - 10:31am | 126Transcept Pharmaceuticals Inc (NASDAQ: TSPT) shares fell 40.98% to create a new 52-week low of $5.07. TSPT reported that it expects a second rejection letter from the US Food and Drug Administration. Mannatech Incorporated (NASDAQ: MTEX) shares dropped 1.10% to create a new 52-week low of $0.90....
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Calls Purchased on Chiquita Brands International
Wednesday, July 13, 2011 - 10:29am | 135Shares of Chiquita Brands International (NYSE: CQB) are higher on the session by 2.89%, currently trading at $12.80. The stock has been moving largely lower over the past five months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A...
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NASDAQ Stocks Hitting 52-Week Highs
Wednesday, July 13, 2011 - 10:25am | 121Ruth's Hospitality Group Inc (NASDAQ: RUTH) shares rose 5.74% to create a new 52-week high of $7.00. RUTH's PEG ratio is 1.27. Oritani Financial Corp (NASDAQ: ORIT) shares gained 0.77% to create a new 52-week high of $13.14. ORIT's trailing-twelve-month operating margin is 42.38%. National...
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Deutsche Bank Reiterates Hold on Campbell Soup
Wednesday, July 13, 2011 - 9:40am | 80Deutsche Bank is out with its report today on Campbell Soup (NYSE: CPB), reiterating Hold. In a note to clients, Deutsche Bank writes, "While positives now include more realistic financial goals, a still solid BS/FCF, and a focused portfolio with well-recognized brands, we remain cautious as...
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Citi Reiterates Hold On CPB
Wednesday, July 13, 2011 - 8:32am | 111Citi is reiterating its Hold rating and is also maintaining its $36 price target on Campbell Soup (NYSE: CPB) as the company begins to heavily reinvest back into itself. Says Citi, in its report, “We are raising our F4Q11 EPS estimate to $0.39 (+5c) due to revised guidance. Additionally, we are...
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Benchmark Raising Estimates On The Pantry
Wednesday, July 13, 2011 - 7:50am | 228Benchmark Capital is raising its estimates on shares of The Pantry, Inc. (NASDAQ: PTRY). It has a Buy rating and a $24.50 price target on shares. In a note to clients, Benchmark Capital writes, "We increased our EPS estimate for 3Q11 to $1.24, from $0.98, as a sharp decline in fuel prices tends...
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J.P Morgan Ups PT On CPB To $35
Wednesday, July 13, 2011 - 7:36am | 115J.P. Morgan, in light of new plans for the stock coming from its new CEO, has raised its price target on Campbell Soup (NYSE: CPB) from $32 to $35. Says J.P. Morgan, in its report, “Denise Morrison, Campbell's new chief executive, yesterday unveiled her much-anticipated plan for reviving the...
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Bank of America Maintains Neutral Rating, $35 PO on Campbell Soup
Wednesday, July 13, 2011 - 7:32am | 89Bank of America is maintaining its Neutral rating and $35 PO on shares of Campbell Soup Co. (NYSE: CPB). “FY12/FY13 EPS goes from $2.54/$2.65 to $2.35/$2.45,” Bank of America writes. “Lower estimates reflect incremental marketing investments and expected volume disruption. We also raise our 4Q11...
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JP Morgan Raises PT On Campbell Soup To $35
Wednesday, July 13, 2011 - 6:31am | 28JP Morgan has raised the price target on Campbell Soup Company (NYSE: CPB) from $32 to $35 and maintains its Neutral rating.
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Stocks to Watch for Wednesday 07/13/11: Fresh 52 Week Highs and Lows
Tuesday, July 12, 2011 - 8:24pm | 1637Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Tuesday's trading session (listed from highest total volume to lowest): 1) Adventrx Pharmaceuticals (NYSE: ANX...
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Dean Foods Reaches Agreement to Settle Tennessee Farmer Litigation
Tuesday, July 12, 2011 - 6:25pm | 146Dean Foods Company (NYSE: DF) today announced it has reached an agreement with the plaintiffs to settle litigation brought on behalf of a class of dairy farmers in various Southeastern states. The case had been scheduled for trial beginning in August 2011. Under the proposed settlement agreement,...
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Bubble Bursts Bitterly on Another Coffee Stock
Tuesday, July 12, 2011 - 3:27pm | 362Coffee Holding Co (NASDAQ: JVA) opened with a precipitous drop this morning, reversing a nearly month-long climb. The stock closed at $29.35 yesterday evening and has since dropped by around 20% to trade near $23.50. Coffee Holding Co is a mid-sized coffee wholesaler that operates in the United...
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PriceSmart Up 2% On Heavy Volume
Tuesday, July 12, 2011 - 2:51pm | 68PriceSmart, Inc. (NASDAQ: PSMT) shares are soaring today, gaining more than 2% on heavier than normal volume, although shares have been in a flat line since 11 a.m. or so. At last check, shares were trading at $59.00, a gain of $1.31 or 2.27% on just over 300,000 shares. PriceSmart, Inc. owns...