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Weekly Highlight of Top Insider Buys: PM, MDT, EIX, WIN, HBAN

December 26, 2010 | About:
Weekly highlight of top insider buys: Philip Morris International Inc. (PM), Medtronic Inc. (MDT), Edison International (EIX), Windstream Corp. (WIN), and Huntington Bancshares Inc. (HBAN).

Philip Morris International Inc. (PM): Director Sergio Marchionne Bought 6,000 Shares



Director of Philip Morris International Inc., Sergio Marchionne, bought 6,000 shares on 12/20/10 at an average price of $58.67.

Philip Morris International is an international tobacco company, with products sold in over 160 countries. Philip Morris International Inc has a market cap of $106.45 billion; its shares were traded at around $58.67 with a P/E ratio of 15.8 and P/S ratio of 1.7. The dividend yield of Philip Morris International Inc stocks is 4.4%.

On October 21, Philip Morris International Inc. announced reported diluted earnings per share of $0.99 in the third quarter of 2010, up by 6.5% from $0.93 in the third quarter of 2009. Excluding currency, reported diluted earnings per share were up by 4.3%. Adjusted diluted earnings per share of $1.00 were up by 7.5% from 2009 adjusted diluted earnings per share of $0.93. Excluding currency, adjusted diluted earnings per share were up 5.4%.

Philip Morris International Inc. is in the possession of Mario Gabelli, Kenneth Fisher, James Barrow, Chris Davis, Tweedy Browne, David Winters, Tom Gayner, Ruane Cunniff, Jean-Marie Eveillard, Donald Yacktman, David Dreman, Dodge & Cox, NWQ Managers, Ronald Muhlenkamp, George Soros, and Hotchkis & Wiley.



This week, Buy: Director Sergio Marchionne bought 6,000 shares of PM stock. Sell: Chairman and CEO Louis C Camilleri sold 20,396 shares in September.



Medtronic Inc. (MDT): Director Jack W Schuler Bought 100,000 Shares

Director of Medtronic Inc., Jack W Schuler, bought 100,000 shares on 12/22/10 at an average price of $36.96.

Medtronic is the world's medical technology company, pioneeringdevice-based therapies that restore health, extend life and alleviate pain. Medtronic Inc. has a market cap of $39.91 billion; its shares were traded at around $36.96 with a P/E ratio of 11.3 and P/S ratio of 2.6. The dividend yield of Medtronic Inc. stocks is 2.4%. Medtronic Inc. had an annual average earning growth of 11.4% over the past 10 years. GuruFocus rated Medtronic Inc. the business predictability rank of 4.5-star.



On November 23, Medtronic, Inc. announced financial results for its second quarter of fiscal year 2011, which ended October 29, 2010. The company reported worldwide second quarter revenue of $3.903 billion, compared to the $3.838 billion reported in the second quarter of fiscal year 2010, an increase of 2 percent as reported and on a constant currency basis. Second quarter net earnings and diluted earnings per share on a non-GAAP basis were $887 million and $0.82, an increase of 4 percent and 6 percent, respectively, over the same period in the prior year. Second quarter net earnings were $566 million, or $0.52 per diluted share, a decrease of 35 percent and 33 percent, respectively, over the same period in the prior year.

Medtronic Inc. is owned by David Tepper, Donald Yacktman, John Hussman, Richard Aster Jr, Mario Gabelli, Bill Nygren, Edward Owens, James Barrow, Bill Nygren, Edward Owens PRIMECAP Management, Dodge & Cox, Jean-Marie Eveillard, Richard Snow, Arnold Van Den Berg, and Kenneth Fisher.



Last week, Buy: Director Jack W Schuler bought 100,000 shares of MDT stock. Buy: Director James T Lenehan bought 3,000 shares in July.

Edison International (EIX): Director Bradford M Freeman Bought 50,000 Shares

Director of Edison International, Bradford M Freeman, bought 50,000 shares on 12/21/10 at an average price of $38.7.

Edison International is an international electric power generator, distributor and structured finance provider. Edison International has a market cap of $12.61 billion; its shares were traded at around $38.7 with a P/E ratio of 11.1 and P/S ratio of 1. The dividend yield of Edison International stocks is 3.2%. Edison International had an annual average earning growth of 1.4% over the past 10 years.

On Oct. 29, Edison International reported third quarter 2010 basic earnings of $1.56 per share compared to $1.23 per share in the same quarter last year. Excluding non-core items and discontinued operations, third quarter 2010 core earnings were $1.46 per share compared to $1.09 per share in the third quarter of 2009.



Edison International is in the portfolio of George Soros, Mario Gabelli, Kenneth Fisher, Charles Brandes, Hotchkis & Wiley, Richard Pzena, David Dreman.



This week, Buy: Director Bradford M Freeman bought 50,000 shares of EIX stock. Sell: Chairman & CEO, SCE Co. Alan J Fohrer sold 100,644 shares in November and Sell: Executive Vice President Polly L Gault sold 19,727 shares in July.





Windstream Corp. (WIN): Chairman Dennis Foster Bought 4,000 Shares

Chairman of Windstream Corp., Dennis Foster, bought 4,000 shares on 12/16/10 at an average price of $14.21.

Windstream Corp. is one of the largest providers of telecommunications services in rural communities in the southwestern United States. Windstream Corp. has a market cap of $6.87 billion; its shares were traded at around $14.21 with a P/E ratio of 16.7 and P/S ratio of 2.3. The dividend yield of Windstream Corp. stocks is 7.1%. Windstream Corp. had an annual average eindstream Corp. is in the portfolios of Mario Gabelli, David Dreman, and David Williams.

Last week, Buy: Chairman Dennis Foster bought 4,000 shares of WIN stock. Sell: SVP - Treasurer Robert G Clancy sold 14,442 shares in September.

Huntington Bancshares Inc. (HBAN): Director Michael J Endres Bought 25,000 Shares

Director of Huntington Bancshares Inc., Michael J Endres, bought 25,000 shares on 12/17/10 at an average price of $6.88.

Huntington Bancshares is a multi-state bank holding company. Huntington Bancshares Inc. has a market cap of $4.93 billion; its shares were traded at around $6.88 with and P/S ratio of 1.4. The dividend yield of Huntington Bancshares Inc. stocks is 0.6%.

On October 21, Huntington Bancshares Incorporated reported 2010 third quarter net income of $100.9 million, or $0.10 per common share. This compared with net income of $48.8 million, or $0.03 per common share, in the 2010 second quarter and a net loss of $166.2 million, or $0.33 per common share, in the year-ago quarter. Total revenue for the third quarter was $679.7 million, up 1% from the prior quarter, driven by a $10.4 million, or 3%, increase in fully-taxable equivalent net interest income.

Huntington Bancshares Inc. is in the portfolio of Arnold Schneider.

Last week, Buy: EVP of Principal Subsidiary Zahid Afzal, Buy: Sr EVP of Principal Sub Nicholas G Stanutz, Buy: Executive Vice President Keith D Sanders, Buy: Director Kathleen H Ransier, Buy: EVP of Principal Subsidiary Daniel J. Neumeyer and Buy: President, CEO & Chairman Stephen D Steinour bought shares of HBAN stsock.



For the complete list of stocks that bought by their company executives, go to: Insider Buys.

About the author:

gururk
Ravi Nagarajan is a private investor and Editor of The Rational Walk website. Ravi focuses on applying value investing techniques to find securities trading well below intrinsic business value. Ravi has over 15 years of experience in the financial markets and started investing on a full time basis in 2009. From 1996 to 2009, Ravi held a number of technical and executive level positions in the commercial software industry. Ravi graduated Summa Cum Laude from Santa Clara University with a degree in finance. Visit his website The Rational Walk

Visit gururk's Website


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