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Weekly Top Insider Buys: PM, AIG, GM, DOW, MED

May 29, 2011 | About:
gururk

gururk

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Weekly highlight of top insider buys: Philip Morris International Inc. (PM), American Int’l Group Inc. (AIG), General Motors Company (GM), Dow Chemical Company (DOW), and Medtronic Inc. (MED).

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 05/24/2011 at an average price of $70.52. Philip Morris International is the international tobacco company, with products sold in over 160 countries. Philip Morris International Inc. has a market cap of $123.34 billion; its shares were traded at around $70.52 with a P/E ratio of 17.1 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. Reported and adjusted diluted earnings per share of $1.06, were up by 17.8% versus $0.90 in 2010, or by 14.4% excluding currency. Reported net revenues, excluding excise taxes, were up by 4.5% to $6.8 billion, or by 4.3% excluding currency, driven by favorable pricing. Operating income was up by 10.8% to $3.0 billion.

Last week, Buy: Director Sergio Marchionne bought 1,100 shares of PM stock.

American Int’l Group Inc. (AIG): Director W Don Cornwell Bought 2,000 Shares

Director of American Int’l Group Inc., W Don Cornwell, bought 2,000 shares on 5/24/2011 at an average price of $28.88. American International Group, Inc., world leaders in insurance and financial services, is the international insurance organization with operations in more than one hundred thirty countries and jurisdictions. American Int'l Group Inc has a market cap of $51.25 billion; its shares were traded at around $28.88 with and P/S ratio of 0.8.

On May 5, American International Group, Inc. reported net income attributable to AIG of $269 million and after-tax operating income of $2.0 billion for the quarter ended March 31, 2011, compared to net income of $1.8 billion and aftertax operating income of $637 million for the first quarter of 2010. The diluted loss per share was $0.35 for the first quarter of 2011, compared with earnings per share of $2.66 for the first quarter of 2010. The 2011 first quarter after-tax operating income per share of $1.30 compared with after-tax operating income per share of $0.95 for the first quarter last year.

American Int’l Group Inc. is in the portfolio of Bruce Berkowitz.

Last week, Buy: Director W Don Cornwell bought 2,000 shares of AIG stock.

General Motors Company (GM): Director E Neville Isdell Bought 8,000 Shares

Director of General Motors Company, E Neville Isdell, bought 8,000 shares on 05/26/2011 at an average price of $31.28. General Motors Company is engaged in the designing, manufacturing and retailing of vehicles globally including passenger cars, crossover vehicles, and light trucks, sport utility vehicles, vans and other vehicles. General Motors Company has a market cap of $48.65 billion; its shares were traded at around $31.28 with and P/S ratio of 0.4.

On May 5, General Motors Company announced first quarter net income attributable to common stockholders of $3.2 billion, or $1.77 per fully-diluted share, marking the company’s fifth consecutive profitable quarter. Revenue increased $4.7 billion to $36.2 billion, compared with the first quarter of 2010.

This month, Buy: CEO Daniel F Akerson and Buy: Director E Neville Isdell bought shares of GM stock. Buy: Director Robert D Krebs, Buy: Director Philip A Laskawy, and Buy: Director E Neville Isdell bought shares in March.

Dow Chemical Company (DOW): Director Jennifer M Granholm Bought 2,170 Shares

Director of Dow Chemical Company, Jennifer M Granholm, bought 2,170 shares on 5/20/2011 at an average price of $35.6. 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 $44.5 billion; its shares were traded at around $35.6 with a P/E ratio of 16 and P/S ratio of 0.8. The dividend yield of Dow Chemical Company stocks is 1.6%.

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. Sales rose 20 percent to $14.7 billion versus the year-ago period, with double-digit increases in all operating segments and all geographic areas. Health and Agricultural Sciences reported record sales of $1.6 billion in the quarter.

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

In may, Buy: Director Jennifer M Granholm and Buy: Director Paul Polman bought shares of DOW stock. Sell: Director James M Ringler and Sell: Director Jacqueline K Barton sold shares in March.

MEDTRONIC INC. (MDT): Director Jack W Schuler Bought 25,000 Shares

Director of Medtronic Inc., Jack W Schuler, bought 25,000 shares on 05/25/2011 at an average price of $40.31. Medtronic is the world's medical technology company, pioneering device-based therapies that restore health, extend life and alleviate pain. Medtronic Inc. has a market cap of $42.92 billion; its shares were traded at around $40.31 with a P/E ratio of 12 and P/S ratio of 2.8. The dividend yield of Medtronic Inc. stocks is 2.2%. Medtronic Inc. had an annual average earnings growth of 11.4% over the past 10 years. GuruFocus rated Medtronic Inc. the business predictability rank of 4.5-star.

On May 24, Medtronic recorded fiscal year 2011 revenue of $15.933 billion, an increase of 1 percent as reported or an increase of 2 percent after adjusting for $12 million of favorable foreign currency impact and approximately $200 million of revenue benefit from the extra week in the first quarter of fiscal year 2010. As reported, fiscal year 2011 net earnings were $3.096 billion, which was flat, or $2.86 per diluted share, an increase of 3 percent. As detailed in the attached table, non-GAAP net earnings and diluted earnings per share for fiscal year 2011 were $3.643 billion and $3.37, an increase of 2 percent and 5 percent, respectively.

Last week, Buy: Director Jack W Schuler bought 25,000 shares of MDT stock.

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


Rating: 2.6/5 (5 votes)

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