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Weekly Top Insider Buys: WFC, PM, MAR, FNFG, FULT

May 01, 2011 | About:
gururk

gururk

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Weekly highlight of top insider buys: Wells Fargo & Co (WFC), Philip Morris International Inc. (PM), Marriot International Inc. (MAR), First Niagara Financial Group Inc. (FNFG), and Fulton Financial Corp. (FULT).

Wells Fargo & Co. (WFC): Senior Executive VP & CFO Timothy J Sloan Bought 10,000 Shares

Senior Executive VP & CFO of Wells Fargo & Co, Timothy J Sloan, bought 10,000 shares on 4/21/2011 at an average price of $29.11.

Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage and consumer finance services through stores, its Internet site and other distribution channels across North America as well as internationally. Wells Fargo & Co. has a market cap of $153.69 billion; its shares were traded at around $29.11 with a P/E ratio of 11.9 and P/S ratio of 1.6. The dividend yield of Wells Fargo & Co. stocks is 0.7%. Wells Fargo & Co. had an annual average earnings growth of 5.4% over the past 10 years.

On April 20, Wells Fargo & Co reported results for the first quarter of 2010. They reported net income of $3.8 billion, up 48 percent from prior year, up 10 percent from prior quarter, diluted earnings per common share of $0.67, up 49 percent from prior year, up 10 percent from prior quarter, and revenue of $20.3 billion, down $1.2 billion from prior quarter, reflecting $741 million decline in mortgage banking fee income.

Wells Fargo & Co is in the portfolios of Jean-Marie Eveillard, Ruane Cunniff, John Paulson, Richard Aster Jr, David Tepper, Hotchkis & Wiley, Ron Baron, Tweedy Browne, Ron Baron, Mario Gabelli, Dodge & Cox, James Barrow, Richard Snow, Kenneth Fisher, Bill Nygren, Donald Yacktman, Brian Rogers, Prem Watsa, NWQ Managers, Arnold Van Den Berg, MOhnish Pabrai, Chris Davis, Charles Brandes, David Dreman, Arnold Schneider, Whitney Tilson, and PRIMECAP Management.

Last week, Buy: Senior Executive VP & CFO Timothy J Sloan bought 10,000 shares of WFC stock.

Philip Morris International Inc. (PM): Director Sergio Marchionne Bought 1,100 Shares

Director of Philip Morris International Inc., Sergio Marchionne, bought 1,100 shares on 4/28/2011 at an average price of $69.44. Philip Morris International is the international tobacco company, with products sold in over 160 countries. Philip Morris International Inc. has a market cap of $124.79 billion; its shares were traded at around $69.44 with a P/E ratio of 17.3 and P/S ratio of 1.8. The dividend yield of Philip Morris International Inc. stocks is 3.7%.

On April 21, Philip Morris International Inc. reported results for the first quarter of 2011. The company reported and adjusted diluted earnings per share of $1.06, up by 17.8% versus $0.90 in 2010, or by 14.4% excluding currency. Reported net revenues, excluding excise taxes, up by 4.5% to $6.8 billion, or by 4.3% excluding currency, driven by favorable pricing. Reported operating companies income up by 10.8% to $3.1 billion, or by 8.3% excluding currency. Adjusted operating companies income, which reflects the items detailed in the attached Schedule 7, up by 11.4% to $3.1 billion, or by 8.8% excluding currency

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

Last week, Buy: Director Sergio Marchionne bought 1,100 shares of PM stock. Sell: Director Harold Brown sold 2,399 shares.

Marriott International Inc. (MAR): Director Steven Reinemund Bought 4,000 Shares

Director of Marriot International Inc., Steven Reinemund, bought 4,000 shares on 4/26/2011 at an average price of $35.3.

Marriott International Inc. operates and franchises hotels under the Marriott, JW Marriott, The Ritz-Carlton, Renaissance, Residence Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and Ramada International brand names; develops and operates vacation ownership resorts under the Marriott Vacation Club International, Horizons, The Ritz-Carlton Club and Marriott Grand Residence Club brands; operates Marriott Executive Apartments; provides furnished corporate housing through its Marriott ExecuStay division; and operates conference centers. Marriott Intl Inc. has a market cap of $12.99 billion; its shares were traded at around $35.3 with a P/E ratio of 29.9 and P/S ratio of 1.1. The dividend yield of Marriott Intl Inc. stocks is 1%.

On April 20, Marriot International Inc. reported results for the first quarter of 2011. First quarter 2011 net income totaled $101 million, a 22 percent increase compared to first quarter 2010 net income. Diluted EPS totaled $0.26, an 18 percent increase from diluted EPS in the year-ago quarter. On February 14, 2011, the company forecasted first quarter diluted EPS of $0.24 to $0.28.

Marriott International Inc. is in the portfolios of Kenneth Fisher, Tom Gayner, Brian Rogers, and Ken Heebner.

Last week, Sell: Chairman & CEO, 10% Owner J W Jr Marriott sold 75,000 shares of MAR stock.

Last week, Buy: Director Steven Reinemund bought 4,000 shares of MAR stock. Sell: Chairman & CEO, 10% Owner J W Jr Marriott, Sell: 10% Owner Richard E Marriott, and Sell: Director Lawrence M Small sold shares last month. Sell: Pres & Mgr. Dir MI Lodg. Intl Edwin D Fuller sold 13,414 shares in February.

First Niagara Financial Group Inc. (FNFG): Director Barabara S Jeremiah Bought 10,000 Shares

Director of First Niagara Financial Group Inc., Barabara S Jeremiah, bought 10,000 shares on 4/25/2011 at an average price of $14.4.

First Niagara Financial Group, Inc. is a multi-bank holding company and is the parent of First Niagara Bank, Cortland Savings Bank and Cayuga Bank. First Niagara Financial Group Inc. has a market cap of $3.01 billion; its shares were traded at around $14.4 with a P/E ratio of 15.5 and P/S ratio of 3.1. The dividend yield of First Niagara Financial Group Inc. stocks is 4.4%. First Niagara Financial Group Inc. had an annual average earnings growth of 4.9% over the past 10 years.

First Niagara Financial Group Inc. is in the portfolios of Third Avenue Management, George Soros, John Keeley, Mario Gabelli, and Irving Kahn.

This month, Buy: Director Barabara S Jeremiah, Buy: Director George M Philip, and Buy: Director Thomas E Baker bought shares of FNFG stock.

Fulton Financial Corp. (FULT): Director Joe N Ballard Bought 2,000 Shares

Director of Fulton Financial Corp., Joe N Ballard, bought 2,000 shares on 4/25/2011 at an average price of $11.68. Fulton Financial Corp. is a bank holding company.

Fulton Financial Corp. provides retail and commercial banking and investment management and trust services in central and eastern Pennsylvania, southern New Jersey, northern Maryland and southern Delaware through its wholly-owned subsidiaries: Fulton Bank, Lebanon Valley Farmers Bank, Swineford National Bank, Lafayette Ambassador Bank, FNB Bank, N. Fulton Financial Corp. has a market cap of $2.33 billion; its shares were traded at around $11.68 with a P/E ratio of 18.6 and P/S ratio of 2.4. The dividend yield of Fulton Financial Corp. stocks is 1.4%.

On April 19, Fulton Financial Corporation reported net income of $33.8 million, or 17 cents per diluted share, for the first quarter ended March 31, 2011, compared to $31.5 million, or 16 cents per diluted share, for the fourth quarter of 2010. The increase in net income was due to a $2.0 million reduction in the provision for credit losses and a $5.5 million, or 5.1 percent, decrease in total other expenses. The favorable impact of these items was partially offset by a $1.3 million, or 0.9 percent, decrease in net interest income and a $2.6 million, or 5.3 percent, decrease in total other income.

Fulton Financial Corp. is in the portfolios of George Soros and David Dreman.

Last month, Buy: Director Joe N Ballard and Buy: Director George W Hodges bought shares of FULT stock. Buy: Director Joe N Ballard bought 4,825 shares in January.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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