Director of Abbott Laboratories, William A Osborn, bought 6,000 shares during the past week at an average price of $50.57.
Abbott Laboratories is a global, broad-based health care company devoted to discovering new medicines, new technologies and new ways to manage health. Abbott Laboratories has a market cap of $78.06 billion; its shares were traded at around $50.57 with a P/E ratio of 12.7 and P/S ratio of 2.5. The dividend yield of Abbott Laboratories stocks is 3.5%. Abbott Laboratories had an annual average earning growth of 7.3% over the past 10 years. GuruFocus rated Abbott Laboratories the business predictability rank of 4.5-star.
Abbot Laboratories recently reported results for the second quarter of 2010. Diluted earnings per share, excluding specified items, were $1.01, reflecting 13.5 percent growth, exceeding Abbott's previously issued guidance range of $0.98 to $1.00. Diluted earnings per share under Generally Accepted Accounting Principles (GAAP) were $0.83. Worldwide sales increased 17.8 percent to $8.8 billion, including a favorable 2.7 percent effect of exchange rates. Worldwide pharmaceutical sales increased 24.5 percent,including a favorable 2.8 percent effect of exchange rates and a full quarter of sales contribution from the Solvay Pharmaceuticals acquisition.
Abbott Laboratories is owned by eight Gurus: John Hussman, Tom Gayner, Edward Owens, Robert Bruce, Ronald Muhlenkamp, Dodge & Cox, George Soros, and Kenneth Fisher.
Last week, Buy: Director William A Osborn bought shares of ABT stock.Sell: Vice President Greg W Linder, Sell: Executive Vice President Thomas C Freyman, and Sell: Senior Vice President Brian J Blaser sold share last month; Sell: Senior Vice President Robert B Hance sold 15,000 shares in June. Sell: Chairman and CEO Miles D White sold 29,300 shares in February.
Time Warner Inc. (TWX): Director William P Barr Bought 3,050 Shares
Director of Time Warner Inc., William P Barr, bought 3,050 shares on 8/06/10 at an average price of $32.36.
Time Warner Inc. is the world's media and entertainment company, whose businesses include filmed entertainment, interactive services, television networks, cable systems, publishing and music. Time Warner Inc New has a market cap of $36.88 billion; its shares were traded at around $32.36 with a P/E ratio of 14.6 and P/S ratio of 1.4. The dividend yield of Time Warner Inc New stocks is 2.6%.
On August 4, Time Warner Inc. reported results for the second quarter of 2010. In the quarter, revenues grew 8% from the same period in 2009 to $6.4 billion, reflecting increases at the Networks and Filmed Entertainment segments. Adjusted operating income rose 15% to $1.2 billion, due to growth at the Networks and Publishing segments. Adjusted operating income margins reached 19% versus 18% in last year’s second quarter. Operating income increased 19% to $1.2 billion, while operating income margins were 19% compared to 17% in the prior year quarter.
Time Warner Inc. is in the portfolios of George Soros, Mark Hillman, Kenneth Fisher, James Barrow, Brian Rogers, Dodge & Cox, Bill Nygren, and Jean-Marie Evillard.
Last week, Buy: Director William P Barr bought 3,050 shares of TWX stock. Buy: Director Fred Hassan bought 34,000 shares in March. Sell: Executive Vice President Olaf Olafsson sold 242 shares in June, and Sell: EVP and General Counsel Paul T Cappuccio sold 33,559 shares in May. Sell: Chairman of the Board and CEO Jeffrey L Bewkes and Sell: EVP & CFO John K Martin sold shares in March.
MetLife Inc. (MET): Director Robert Glenn Hubbard Bought 2,500 Shares
Director of MetLife Inc., Robert Glenn Hubbard, bought 2,500 shares on 8/04/10 at an average price of $41.42.
Metlife Inc. is a provider of insurance and financial services to a broad spectrum of individual and institutional customers. Metlife Inc. has a market cap of $33.97 billion; its shares were traded at around $41.42 with a P/E ratio of 10.1 and P/S ratio of 0.9. The dividend yield of Metlife Inc. stocks is 1.7%.
On July 29, MetLife, Inc. reported second quarter 2010 net income1 of $1.5 billion, or $1.84 per share. Net income reflects net investment gains of $767 million, after tax, including gains on derivatives. Operating earnings2 for the second quarter of 2010 were $1.0 billion, or $1.23 per share.
MetLife Inc. is in the portfolios of eight Gurus: Andreas Halvorsen, Hotchkis & Wiley, John Keeley, NWQ Managers, David Williams, Richard Snow, David Dreman, and Richard Pzena.
Last week, Buy: Director Robert Glenn Hubbard bought 2,500 shares of MET stock. Buy: Director Wright Eduardo Castro bought 4,890 shares in May. Sell: President, U.S. Business William J Mullaney sold 850 shares last week.
Corning Inc. (GLW): Director John A Jr Canning Bought 20,000 Shares
Director of Corning Inc., John A Jr Canning, bought 20,000 shares on 08/05/2010 at an average price of $18.8.
Corning Incorporated creates leading-edge technologies for the fastest-growing markets of the world's economy. Corning Inc. has a market cap of $29.34 billion; its shares were traded at around $18.8 with a P/E ratio of 9.6 and P/S ratio of 5.5. The dividend yield of Corning Inc. stocks is 1%. Corning Inc. had an annual average earning growth of 4.9% over the past 5 years.
In July 2010, Corning Inc. reported results for the second quarter of 2010. Sales were $1.71 billion, an increase of 10% sequentially and 23% year over year. Earnings per share were $0.58, a gain of 12% sequentially and 49% over a year ago. Display Technologies’ wholly owned business volume increased more than 10% sequentially and more than 25% year over year. Samsung Corning Precision Materials Co., Ltd. volume was up more than 5% on a quarterly basis and more than 15% year over year.
Corning Inc. is owned by eleven Gurus: James Barrow, David Dreman, Lee Ainslie, David Williams, Mark Hillman, George Soros, Dodge & Cox, PRIMECAP Management, Ronald Muhlenkamp, and Kenneth Fisher.
Last week, Buy: Director John A Jr Canning bought 20,000 shares of GLW stock. Sell: Chairman & CEO Wendell P Weeks and Sell: VICE CHAIRMAN & CFO James B Flaws sold shares last week. In May, Sell: President & COO Peter F Volanakis, Sell: SVP Vincent P Hatton, Sell: EXECUTIVE VICE PRESIDENT Joseph A Miller sold shares.
Symantec Corp. (SYMC): Director Michael Aca Brown Bought 40,000 Shares
Director of Symantec Corp., Michael Aca Brown, bought 40,000 shares during the past week at an average price of $13.04.
Symantec, a world leader in Internet security technology, provides a broad range of content security solutions to individuals and companies. Symantec Corp. has a market cap of $10.42 billion; its shares were traded at around $13.04 with a P/E ratio of 9.7 and P/S ratio of 1.8. Symantec Corp. had an annual average earning growth of 16% over the past 10 years. GuruFocus rated Symantec Corp. the business predictability rank of 3.5-star.
On July 28, Symantec Corp. reported the results of its first quarter of fiscal year 2011, ended July 2, 2010. GAAP revenue for the fiscal first quarter was $1.433 billion, flat versus the comparable period a year ago and up 2 percent after adjusting for currency. GAAP operating margin for the first quarter of fiscal year 2011 was 13.5 percent. GAAP net income for the fiscal first quarter was $161 million compared with net income of $74 million for the same quarter last year. GAAP diluted earnings per share were $0.20 compared with $0.09 for the same quarter last year.
Symantec Corp. is owned by eight Gurus: George Soros, Jean-Marie Eveillard, Dodge & Cox, PRIMECAP, David Dreman, Mason Hawkins, and Hotchkis & Wiley.
Last week, Buy: Director Michael Aca Brown bought 20,000 shares of SYMC stock. Sell: Director John Wendell Thompson and Sell: Group Pres., IT & Serv. Group John David Thompson sold shares in July. Buy: President & CEO Enrique T Salem bought 20,000 shares in June, and Sell: EVP and CFO James A Beer sold 2,175 shares in June.
For the complete list of stocks that bought by their company executives, go to: Insider Buys.
About the author:
Mr. Huebscher is the founder and CEO of Advisor Perspectives, a web site and newsletter that provides investment strategy analysis for financial advisors and wealth managers. In 1982, he founded the investment software division of Thomson Financial, where he created the PORTIA product, a portfolio management system for institutional investors. In 1990, he founded Hub Data, a market data redistribution service, which he sold to Advent Software in 1998. He has also worked in the account aggregation field, as a consultant to both vendors and wealth managers. He is a graduate of the Harvard Business School (1982) and Connecticut College (1976).