Weekly highlight of top insider buys: American Express Company (AXP), Emerson Electric Co. (EMR), General Mills Inc. (GIS), Noble Energy Inc. (NBL), and Safeway Inc. (SWY).
American Express Company (AXP): Director Peter Chernin Bought 5,400 Shares
Director of American Express Company, Peter Chernin, bought 5,400 shares on 11/10/09 at an average price of $40.35.
American Express Company is primarily engaged in the business of providing travel related services, financial advisory services, and international banking services throughout the world. American Express Company has a market cap of $47.98 billion; its shares were traded at around $40.35 with a P/E ratio of 38 and P/S ratio of 1.6. The dividend yield of American Express Company stocks is 1.8%. American Express Company had an annual average earning growth of 1.3% over the past 10 years.
On October 22, American Express company reported its results for the third quarter. Net income totaled $640 million for the quarter, down 21 percent from $815 million a year ago. Consolidated revenues net of interest expense declined 16 percent to $6.0 billion, down from $7.2 billion a year ago.
American Express Company is in the portfolios of over twenty Gurus: Robert Olstein, Charles Brandes, HOTCHKIS & WILEY, Jean-Marie Eveillard, Mark Hillman, Chris Davis, Ron Baron, Donald Yacktman, Tom Gayner, Warren Buffett, Bill Nygren, John Keeley, Tweedy Browne, Ruane Cunniff, Brian Rogers, Dodge & Cox, Arnold Van Den Berg, Ron Baron, Glenn Greenberg, Wallace Weitz, John Rogers, Bruce Berkowitz, and David Dreman.
Last week, Buy:: Director Peter Chernin bought 5,400 shares of AXP stock and the price increased by 2.41%. He also bought shares in June. Sell:: EVP-Corp. Affairs Thomas A Schick sold 60,000 shares in July and the price increased over 30%,
Emerson Electric Co. (EMR): Director August A Iii Busch Bought 51,000 Shares
Director of Emerson Electric Co., August A III Busch, bought 51,000 shares on 11/10/09 at an average price of $41.77.
Emerson is engaged principally in the worldwide design, manufactur, eand sale of a broad range of electrical, electromechanical and electronic products and systems. Emerson Electric Co. has a market cap of $31.39 billion; its shares were traded at around $41.77 with a P/E ratio of 17.4 and P/S ratio of 1.5. The dividend yield of Emerson Electric Co. stocks is 3.2%. Emerson Electric Co. had an annual average earning growth of 5% over the past 10 years.
On November 3, Emerson announced sales for the fourth quarter ended September 30, 2009 of $5.3 billion, a decrease of 21 percent from the $6.7 billion for the same period last year. Underlying sales in the quarter declined 20 percent, which excludes a 2 percent unfavorable impact from currency exchange rates and a 1 percent positive impact from acquisitions. Sequentially, fourth quarter sales improved 4.6 percent versus the third quarter, showing revenue stabilization for the second consecutive quarter.
Emerson Electric Co. is in the portfolios of seven Gurus: Jean-Marrie Eveillard, Ruane Cunniff, David Dreman, Tweedy Browne, Tom Gaynder, Arnold van Den Berg, and Dodge & Cox.
Buy:: Director August A Iii Busch bought shares of EMR stock since August. Sell:: Exec. VP - Planning & Develop. Craig W Ashmore sold 25,020 shares last week.
General Mills Inc. (GIS): EVP, Gen Cnsl, Chf Comp & Risk Roderick A Palmore Bought 4,506 Shares
EVP, Gen Cnsl, Chf Comp & Risk of General Mills Inc., Roderick A Palmore, bought 4,506 shares on 11/10/09 at an average price of $67.6.
General Mills, Inc. is one of the leading producers of packaged consumer foods and markets its products primarily through its own sales organizations, supported by advertising and other promotional activities. Such products are primarily distributed directly to retail food chains, cooperatives, membership stores and wholesalers. General Mills Inc. has a market cap of $22.08 billion; its shares were traded at around $67.6 with a P/E ratio of 15.8 and P/S ratio of 1.5. The dividend yield of General Mills Inc. stocks is 2.8%. General Mills Inc. had an annual average earning growth of 7.2% over the past 10 years. GuruFocus rated General Mills Inc. the business predictability rank of 4-star.
On September 3, General Mills Inc. reported results for the first fiscal quarter of 2010. Net sales for the 13 weeks ended Aug. 30, 2009, grew 1 percent to $3.52 billion, led by 6 percent growth in U.S. Retail net sales. The comparison was difficult, as the company’s net sales grew 14 percent in last year’s first quarter.
General Mills Inc. is owned by three Gurus: Ruane Cunniff, Arnold Van Den Berg, and Dodge & Cox.
Last week, Buy:: EVP, Gen Cnsl, Chf Comp & Risk Roderick A Palmore bought 4,506 shares of GIS stock.Buy:: SVP, Supply Chain John R Church bought 1,800 shares in October. Sell:: EVP, WW Hlth, Brnd&New Bus Dev Y Marc Belton sold shares this month and both Sell:: EVP, COO, US Retail Ian R Friendly andSell:: SVP Ext Rel & Pres GM Found Christina L Shea sold shares in October.
Noble Energy Inc. (NBL): Director Kleef William T Van Bought 10,000 Shares
Director of Noble Energy Inc., Kleef William T Van, bought 10,000 shares on 11/06/09 at an average price of $66.04.
Noble Energy, the parent company of Samedan Oil Corporation, Noble Gas Marketing, Inc. and Noble Trading, Inc., is one of the nation's leading independent energy companies. Noble Energy operates throughout major basins in the United Stated including the Gulf of Mexico, as well as internationally, in Argentina, China, Ecuador, Equatorial Guinea, the Mediterranean Sea, the North Sea and Vietnam. Noble Energy Inc. has a market cap of $11.45 billion; its shares were traded at around $66.04 with a P/E ratio of 20.2 and P/S ratio of 3. The dividend yield of Noble Energy Inc. stocks is 1%. Noble Energy Inc. had an annual average earning growth of 14.7% over the past 10 years. GuruFocus rated Noble Energy Inc. the business predictability rank of 1-star.
On October 9, Noble Energy, Inc. reported third quarter 2009 net income of $107 million, or $0.61 per share diluted, on revenues of $621 million.
Noble Energy Inc. is in the portfolios of five Gurus: Richard Aster Jr, David Dreman, PRIMECAP Management, David Williams, and NWQ Managers.
Last week, Buy:: Director Kleef William T Van bought 10,000 shares of NBL stock, and the price of the stock has decreased by 0.69% since. In August, Sell:: Sr. VP Northern Region Ted D Brown sold 9,000 shares and the price increased by 3%.
Safeway Inc. (SWY): Director Kenneth W. Oder Bought 10,000 Shares
Director of Safeway Inc., Kenneth W. Oder, bought 10,000 shares on 11/12/09 at an average price of $23.2.
Safeway, Inc. is a food and drug retailer in North America. The company operates stores under a variety of names including Vons, Dominick's, and Randalls/Tom Thumb. In support of its stores, Safeway has an extensive network of distribution, manufacturing and food processing facilities. Safeway Inc. has a market cap of $9.66 billion; its shares were traded at around $23.2 with a P/E ratio of 12.5 and P/S ratio of 0.2. The dividend yield of Safeway Inc. stocks is 1.7%. Safeway Inc. had an annual average earning growth of 9.8% over the past 5 years.
On October 15, Safeway Inc. reported net income of $128.8 million ($0.31 per diluted share) for the third quarter of 2009 compared to net income of $199.7 million ($0.46 per diluted share) for the third quarter of 2008.
Safeway Inc. is owned by three Gurus: Richard Snow, HOTCHKIS & WILEY, and Charles Brandes.
Last week, Buy:: Director Kenneth W. Oder bought 10,000 shares of SWY stock. Buy:: Director Michael S Shannon bought 6,200 shares in October, Buy:: Director Janet Grove bought 1,500 shares in May, and Sell:: Senior Vice President Robert A Gordon sold 75,000 shares last week.
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