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Weekly Top Insider Buys: CMSCA, FPR, MJN, WIN, MAC

May 15, 2011 | About:
gururk

gururk

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Weekly highlight of top insider buys: Comcast Corp. (CMSCA), Freeport-McMoRan (FPR), Mead Johnson Nutrition Company (MJN), Windstream Corp. (WIN), and Macerich Company (MAC).

Comcast Corp. (CMCSA): EVP and CFO Michael J. Angelakis Bought 25,000 Shares

EVP and CFO of Comcast Corp., Michael J. Angelakis, bought 25,000 shares on 5/09/2011 at an average price of $25.13.

Comcast Corp., among the world's communication companies, provides basic cable, digital cable and high speed internet services that connect people to what's important in their lives. Comcast Corp. has a market cap of $69.77 billion; its shares were traded at around $25.13 with a P/E ratio of 18.6 and P/S ratio of 1.8. The dividend yield of Comcast Corp. stocks is 1.8%. Comcast Corp. had an annual average earnings growth of 21.4% over the past 10 years. GuruFocus rated Comcast Corp. the business predictability rank of 2-star.

On May 3, Comcast Corp. reported results for the first quarter of 2011. Revenue increased 31.8% in the first quarter of 2011 to $12.1 billion, while Operating Cash Flow increased 14.1% to $4.1 billion and Operating Income increased 14.9% to$2.2 billion, primarily reflecting strong Cable Communications and Cable Networks results and the consolidation of NBC Universal as of January 28, 2011.

Comcast Corp. is in the portfolios of Daniel Loeb, George Soros, Lee Ainslie, John Hussman, Wallace Weitz, John Paulson, Brian Rogers, Bill Nygren, Jean-Marie Eveillard, Dodge & Cox, Irving Kahn, and Mario Gabelli.

This month, Buy: EVP and CFO Michael J Angelakis bought 25,000 shares of CMCSA stock. Sell: Director Michael I. Sovern sold 419 shares this month. Sell: Executive Vice President Stephen B. Burke, Sell: SVP & Controller Lawrence J Salva, and Sell: Director Julian A. Brodsky sold shares in March.

Freeport-McMoRan (FCX): Advisory Director J Bennett Johnston Bought 1,115 Shares

Advisory Director of Freeport-McMoRan C & G, J. Bennett Johnston, bought 1,115 shares on 05/10/2011 at an average price of $48.27. Freeport-McMoRan is engaged in mineral exploration and development, mining and milling of copper, gold, and silver in Indonesia, and the smelting and refining of copper concentrates in Spain and Indonesia. Freeport-McMoRan C & G has a market cap of $45.69 billion; its shares were traded at around $48.27 with a P/E ratio of 9.3 and P/S ratio of 2.4. The dividend yield of Freeport-McMoRan C & G stocks is 2%.

On April 20, Freeport-McMoRan C & G reported results for the first quarter of 2011. Net income attributable to common stock for first-quarter 2011 was $1.5 billion, $1.57 per share, compared to net income of $897 million, $1.00 per share, for first-quarter 2010. Consolidated sales from mines for first-quarter 2011 totaled 926 million pounds of copper, 480 thousand ounces of gold and 20 million pounds of molybdenum, compared to 960 million pounds of copper, 478 thousand ounces of gold and 17 million pounds of molybdenum for first-quarter 2010.

Freeport-McMoRan C & G is in the portfolios of David Williams, Kenneth Fisher, PRIMECAP Management, Chris Davis, and Mario Gabelli.

This month, Buy: Advisory Director J. Bennett Johnston bought 1,115 shares of FCX stock. Sell: Chairman of the Board James R. Moffett and Sell: President and CEO Richard C. Adkerson sold shares in February.

Mead Johnson Nutrition Company (MJN): Director James M. Cornelius Bought 10,000 Shares

Director of Mead Johnson Nutrition Company, James M Cornelius, bought 10,000 shares on 5/06/2011 at an average price of $68.3. Mead Johnson Nutrition Company is a pediatric nutrition company. Mead Johnson Nutrition Company has a market cap of $13.96 billion; its shares were traded at around $68.3 with a P/E ratio of 26.9 and P/S ratio of 4.4. The dividend yield of Mead Johnson Nutrition Company stocks is 1.6%.

On Apr 28, Mead Johnson Nutrition Company announced its financial results for the first quarter ended March 31, 2011. Net sales in the quarter were up 18% versus the first quarter of 2010. Excluding the favorable impact of foreign exchange, sales increased 15 percent. GAAP net earnings of $0.71 per diluted share for the first quarter of 2011 were up from $0.61 per diluted share a year ago.

Mead Johnson Nutrition Company is in the portfolios of John Keeley, Goerge Soros, Daniel Loeb, Steve Mandel, Mario Gabelli, and Chris Davis.

This month, Buy: Director James M. Cornelius bought 10,000 shares of MJN stock.

Windstream Corp. (WIN): Chairman Dennis Foster Bought 5,000 Shares

Chairman of Windstream Corp., Dennis Foster, bought 5,000 shares on 5/06/2011 at an average price of $13.3. Windstream Corp. operates as a communications and technology provider. Windstream Corp. has a market cap of $6.78 billion; its shares were traded at around $13.3 with a P/E ratio of 17.4 and P/S ratio of 1.8. The dividend yield of Windstream Corp. stocks is 7.5%. Windstream Corp. had an annual average earnings growth of 0.6% over the past 5 years.

On May 4, Windstream Corp. reported results for the first quarter of 2011.Revenues were $1.023 billion, a 21 percent increase from a year ago. Operating income was $282.4 million, an increase of 14 percent year-over-year. Net income was $23.5 million, a 68 percent decrease from a year ago, or 5 cents of diluted earnings per share.

Windstream Corp. is in the portfolio of David Williams.

This month, Buy: SVP - Treasurer Robert G Clancy, Buy: Chairman Dennis Foster, and Buy: EVP, Gen.Counsel & Sec. John P Fletcher bought shares of WIN stock.

Macerich Company (MAC): Director Stanley A Moore Bought 6,776 Shares

Director of Macerich Company, Stanley A. Moore, bought 6,776 shares on 5/11/2011 at an average price of $50.66. Macerich Co. is a self-administered, self-managed real estate investment trust which is engaged in the acquisition, ownership, redevelopment, management and leasing of regional shopping centers located throughout the United States. Macerich Company has a market cap of $6.6 billion; its shares were traded at around $50.66 with a P/E ratio of 20.1 and P/S ratio of 8.8. The dividend yield of Macerich Company stocks is 3.9%.

On May 5, the Macerich Company announced results of operations for the quarter ended March 31, 2011which included total funds from operations ("FFO") diluted of $73.7 million or $.52 per share-diluted, compared to $.66per share-diluted for the quarter ended March 31, 2010. Net income available to common stockholders for the quarter ended March 31, 2011 was $34,000 or $.00 per share-diluted compared to net loss available to common stockholders of$6.4 million or $.08 per share-diluted for the quarter ended March 31, 2010.

Macrich Company is in the portfolio of Ken Heebner.

This month, Buy: Director Stanley A. Moore bought 6,776 shares of MAC stock. In March, Sell: Senior EVP, CLO & Secretary Richard A Bayer, Sell: EVP, Marketing & Development Tracey P. Gotsis, Sell: Senior EVP, Treasurer & CFO Hern Thomas E O, and Sell: Senior EVP, CLO & Secretary Richard A. Bayer sold shares.

Rating: 3.0/5 (3 votes)

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