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Weekly Top Insider Buys: PM, DOW, WLT, CINF, PBCT

May 08, 2011
gururk

gururk

7 followers
Weekly highlight of top insider buys: Philip Morris International Inc. (PM), Dow Chemical Company (DOW), Walter Energy Inc. (WLT), Cincinnati Financial Corp. (CINF), and People's United Financial Inc. (PBCT).

Philip Morris International Inc. (PM): Director Sergio Marchionne Bought 2,200 Shares

Director of Philip Morris International Inc., Sergio Marchionne, bought 2,200 shares during the past week at an average price of $68.6. Philip Morris International is the international tobacco company, with products sold in over 160 countries. Philip Morris International Inc. has a market cap of $123.28 billion; its shares were traded at around $68.6 with a P/E ratio of 17.2 and P/S ratio of 1.8. The dividend yield of Philip Morris International Inc. stocks is 3.8%.

On April 21, Philip Morris International Inc. reported results for the first quarter of 2011. They 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.

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

Last week, Buy: Director Sergio Marchionne bought 2,300 shares of Philip Morris stock. He also bought shares in March, December and November.

Dow Chemical Company (DOW): Director Paul Polman Bought 2,000 Shares

Director of Dow Chemical Company, Paul Polman, bought 2,000 shares on 05/02/2011 at an average price of $39.72.

Dow Chemical Company is a science and technology company that provides innovative chemical, plastic and agricultural products and services to many essential consumer markets. Dow Chemical Company has a market cap of $46.6 billion; its shares were traded at around $39.72 with a P/E ratio of 16.7 and P/S ratio of 0.9. The dividend yield of Dow Chemical Company stocks is 1.5%.

On April 28, Dow Chemical Company reported results for the first quarter of 2011. Earnings per share were $0.82 (or $0.54 on a reported basis). This compares with earnings per share of $0.43 (or $0.41 on a reported basis) in the year-ago period. EBITDA rose more than $600 million to $2.4 billion, the second highest quarter in the company's history. Sales rose 20% to $14.7 billion versus the year-ago period, with double-digit increases in all operating segments and all geographic areas.

Dow Chemical Company is in the portfolios of Kenneth Fisher, Dodge & Cox, Mario Gabelli, and Charles Brandes.

Last week, Buy: Director Paul Polman bought 2,000 shares of Dow stock. Sell: Director James M. Ringler and Sell: Director Jacqueline K. Barton sold shares in March. Sell: Corporate VP & Treasurer Fernando Ruiz and Sell: Director Paul G. Stern sold shares in February.

Walter Energy Inc. (WLT): Director David R. Beatty Bought 1,500 Shares

Director of Walter Energy Inc., David R Beatty, bought 1,500 shares on 5/02/2011 at an average price of $131.08. Walter Energy, based in Tampa, Fla., formerly Walter Industries Inc. Walter Energy Inc. has a market cap of $6.97 billion; its shares were traded at around $131.08 with a P/E ratio of 15.6 and P/S ratio of 4.5. The dividend yield of Walter Energy Inc. stocks is 0.4%. Walter Energy Inc. had an annual average earnings growth of 1.9% over the past 10 years.

On April 20, Walter Energy announced earnings per diluted share of $1.53 and net income of $81.8 million for the quarter ended March 31, 2011, compared to earnings per diluted share of $0.77 and net income of $41.6 million in the first quarter 2010. Results for the period exclude results from Western Coal, which the company acquired on April 1, 2011.

Walter Energy Inc. is in the portfolios of Ken Heebner, Mario Gabelli, John Paulson, George Soros, John Keeley, and George Soros.

Last week, Buy: Director David R. Beatty bought 1,500 shares of Walter Energy stock. In April, Sell: Global Head of Marketing Michael T. Madden and Sell: SVP,Interim CFO Lisa A. Honnold sold shares. Sell: Director Jerry W. Kolb and Sell: SVP-Human Resources Keith M. Shull sold shares in March.

Cincinnati Financial Corp. (CINF): Chairman Kenneth W. Stecher bought 3,000 Shares

Chairman of Cincinnati Financial Corp., Kenneth W. Stecher, bought 3,000 shares on 5/05/2011 at an average price of $30.95. Cincinnati Financial Corporation offers property and casualty insurance, its main business, through The Cincinnati Insurance Company, The Cincinnati Indemnity Company and The Cincinnati Casualty Company. Cincinnati Financial Corp. has a market cap of $5.04 billion; its shares were traded at around $30.95 with a P/E ratio of 19 and P/S ratio of 1.4. The dividend yield of Cincinnati Financial Corp. stocks is 5.2%. Cincinnati Financial Corp. had an annual average earnings growth of 11.2% over the past 10 years.

On April 27, Cincinnati Financial Corp. reported first-quarter 2011 net income of $62 million, or 38 cents per share, compared with $68 million, or 42 cents per share, in 2010. Operating income was $55 million, or 33 cents per share, compared with $63 million, or 39 cents per share.

Cincinnati Financial Corp. is in the portfolios of John Hussman, Jean-Marie Eveillard, Kenneth Fisher, and Charles Brandes.

Last week, Buy: Chairman Kenneth W. Stecher bought 3,000 shares of Cincinnati Financial stock. Buy: Chief Information Officer-Sub John S. Kellington bought 1,000 shares in March.

People's United Financial Inc. (PBCT): Director Mark W. Richards Bought 20,000 Shares

Director of People's United Financial Inc., Mark W. Richards, bought 20,000 shares on 4/29/2011 at an average price of $13.51. People's Bank is a diversified financial services company providing consumer and commercial banking services, in addition to insurance, trust and financial advisory services. People's United Financial Inc. has a market cap of $4.86 billion; its shares were traded at around $13.51 with a P/E ratio of 32.1 and P/S ratio of 4.2. The dividend yield of People's United Financial Inc. stocks is 4.7%. People's United Financial Inc. had an annual average earnings growth of 8.4% over the past 10 years.

People’s United Financial Inc. is in the portfolios of Charles Brandes, NWQ Managers, Third Avenue Management, and George Soros.

Last month, Buy: Director Mark W. Richards bought 20,000 shares of People's United stock. Sell: Director George P. Carter sold 7,918 shares last week. Sell: Director Jerry Franklin and Sell: Director Eunice S. Groark sold shares in March.
  • 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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