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Weekly CEO Buys Highlight: MS, KMI, TUP, CDNS, HCC

August 06, 2011 | About:
GuruFocus

hyperman299

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Last week’s top stocks that were bought by their CEOs were MS, KMI, TUP, CDNS, HCC. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Morgan Stanley (MS): President and CEO James P Gorman Bought 100,000 Shares

President and CEO of Morgan Stanley (MS) James P Gorman bought 100,000 shares on 08/04/2011 at an average price of $19.7. MORGAN STANLEY is a preeminent global financial services firm that maintains market positions in each of its three primary businesses: securities; asset management; and credit services. Morgan Stanley has a market cap of $30.43 billion; its shares were traded at around $19.7 with a P/E ratio of 35.2 and P/S ratio of 1. The dividend yield of Morgan Stanley stocks is 1%. Morgan Stanley had an annual average earnings growth of 2.1% over the past 10 years.

MS recently reported income of $966 million, or $0.50 per diluted share,1 from continuing operations applicable to Morgan Stanley for the first quarter ended March 31, 2011 compared with income of $1.8 billion, or $1.03 per diluted share, for the same period a year ago. Net revenues were $7.6 billion for the current quarter compared with $9.1 billion a year ago.

Ken Heebner bought 1,370,000 shares in the quarter that ended on 03/31/2011, which is 0.56% of the $6.64 billion portfolio of Capital Growth Management LP. Brian Rogers owns 3,537,623 shares as of 06/30/2011, an increase of 26.9% from the previous quarter. This position accounts for 0.3759% of the $21.55 billion portfolio of T Rowe Price Equity Income Fund. Mario Gabelli owns 1,459,070 shares as of 03/31/2011, a decrease of 24.2% of from the previous quarter. This position accounts for 0.29% of the $13.97 billion portfolio of GAMCO Investors. George Soros owns 17,400 shares as of 03/31/2011, a decrease of 90.19% of from the previous quarter. This position accounts for 0.0074% of the $6.42 billion portfolio of Soros Fund Management LLC.

President and CEO James P Gorman bought 100,000 shares of MS stock on 08/04/2011 at the average price of 20.62. James P Gorman owns at least 955,370 shares after this. The price of the stock has decreased by 4.46% since. There are mixed trades from other insiders.

Kinder Morgan (KMI): Chairman & CEO Richard D Kinder Bought 50,000 Shares

Chairman & CEO of Kinder Morgan (KMI) Richard D Kinder bought 50,000 shares during the past week at an average price of $26.47. Kinder Morgan, Inc. is engaged in energy transportation and storage in North America. Kinder Morgan has a market cap of $18.71 billion; its shares were traded at around $26.47 . The dividend yield of Kinder Morgan stocks is 1.7%.

Jean-Marie Eveillard bought 5,270,492 shares in the quarter that ended on 03/31/2011, which is 0.78% of the $19.9 billion portfolio of First Eagle Investment Management, LLC. David Williams sold out his holdings in the quarter that ended on 06/30/2011.

KMI recently reported its second quarter 2011 results. The company reported second quarter distributable cash flow before certain items of $323.5 million, basically flat to $322.3 million for the comparable period in 2010. Distributable cash flow per unit before certain items was $1.01 compared to $1.06 for the second quarter last year. Second quarter net income before certain items was $393.1 million, up 7 percent from $369.3 million for the same period in 2010.

VP, Human Resources & Administ James E Street bought 72,800 shares of KMI stock on 05/23/2011 at the average price of 28.41. James E Street owns at least 156,090 shares after this. The price of the stock has decreased by 6.83% since. Other insiders have reduced their positions in the company.

Tupperware Brands Corp. (TUP): Chairman and CEO E V Goings Bought 8,360 Shares

Chairman and CEO of Tupperware Brands Corp. (TUP) E V Goings bought 8,360 shares on 08/03/2011 at an average price of $56.9. Tupperware Brands Corporation is a global direct seller of premium, innovative products across multiple brands and categories through an independent sales force. Tupperware Brands Corp. has a market cap of $3.55 billion; its shares were traded at around $56.9 with a P/E ratio of 13.6 and P/S ratio of 1.5. The dividend yield of Tupperware Brands Corp. stocks is 2.1%. Tupperware Brands Corp. had an annual average earnings growth of 11.4% over the past 10 years.

TUP recently reported record first quarter 2011 sales and profit, with a sales increase in local currency of 10%, over an 11% increase in 2010, before a positive impact from foreign exchange rates of 4%. This resulted in record reported sales that were 14% above the first quarter of 2010. The Company estimates that the 10% local currency sales increase includes, under the Company’s fiscal year, a positive 6% to 7% impact from an extra week in the first quarter of the current year.

Ken Heebner bought 170,000 shares in the quarter that ended on 03/31/2011, which is 0.15% of the $6.64 billion portfolio of Capital Growth Management LP. Joel Greenblatt owns 12,046 shares as of 03/31/2011, an increase of 143.8% from the previous quarter. This position accounts for 0.22% of the $333 million portfolio of Gotham Capital. Mario Gabelli owns 53,200 shares as of 03/31/2011, a decrease of 49.67% of from the previous quarter. This position accounts for 0.02% of the $13.97 billion portfolio of GAMCO Investors.

Executive Vice President & CFO Michael S Poteshman sold 13,000 shares of TUP stock on 02/08/2011 at the average price of 54.5. Michael S Poteshman owns at least 25,167 shares after this. The price of the stock has increased by 4.4% since.

Cadence Design Systems Inc. (CDNS): President and CEO Lip Bu Tan Bought 30,000 Shares

President and CEO of Cadence Design Systems Inc. (CDNS) Lip Bu Tan bought 30,000 shares during the past week at an average price of $9.29. Cadence Design Systems, Inc. provides comprehensive software and othertechnology and offers design and methodology services for the productdevelopment requirements of the world's electronics companies. Cadence Design Systems Inc. has a market cap of $2.5 billion; its shares were traded at around $9.29 with a P/E ratio of 37.1 and P/S ratio of 2.7.

CDNS recently reported second quarter 2011 revenue of $283 million, compared to revenue of $227 million reported for the same period in 2010. On a GAAP basis, Cadence recognized net income of $27 million, or $0.10 per share on a diluted basis in the second quarter of 2011, compared to net income of $49 million, or $0.18 per share on a diluted basis in the same period in 2010. GAAP net income for the second quarter of 2010 included $67 million in acquisition-related tax benefits.

George Soros owns 50,000 shares as of 03/31/2011, which accounts for 0.0076% of the $6.42 billion portfolio of Soros Fund Management LLC. Dodge & Cox owns 44,497,215 shares as of 03/31/2011, which accounts for 0.49% of the $88.36 billion portfolio of Dodge & Cox. Carl Icahn sold out his holdings in the quarter that ended on 03/31/2011.

Senior Vice President, CFO Geoffrey G Ribar bought 5,000 shares of CDNS stock on 08/04/2011 at the average price of 9.61. Geoffrey G Ribar owns at least 65,000 shares after this. The price of the stock has decreased by 3.33% since. Other insiders have also increased their positions in the company.

HCC Insurance Holdings Inc. (HCC): CEO John Niels Molbeck Jr Bought 10,000 Shares

CEO of HCC Insurance Holdings Inc. (HCC) John Niels Molbeck Jr bought 10,000 shares on 08/04/2011 at an average price of $27.56. HCC, through its subsidiaries, provides specialized property & casualty insurance coverages, managing general agency services & insurance related services both to commercial customers & individuals. Hcc Insurance Holdings Inc. has a market cap of $3.13 billion; its shares were traded at around $27.56 with a P/E ratio of 9 and P/S ratio of 1.4. The dividend yield of Hcc Insurance Holdings Inc. stocks is 2%. Hcc Insurance Holdings Inc. had an annual average earnings growth of 19.4% over the past 10 years. GuruFocus rated Hcc Insurance Holdings Inc. the business predictability rank of 3-star.

HCC recently reported its second quarter 2011 results. Net earnings were $69.5 million for the second quarter of 2011, compared to $83.4 million for the second quarter of 2010. Net earnings per diluted share were $0.61 for the second quarter of 2011, versus $0.72 for the same quarter of 2010. Net earnings were $116.5 million for the first six months of 2011, or $1.02 per diluted share, compared to $154.7 million, or $1.34 per diluted share, for the same period of 2010.

David Dreman owns 96,937 shares as of 03/31/2011, which accounts for 0.06% of the $5.32 billion portfolio of Dreman Value Management. Third Avenue Management owns 704,333 shares as of 03/31/2011, which accounts for 0.42% of the $5.29 billion portfolio of Third Avenue Management. John Rogers owns 2,360,130 shares as of 03/31/2011, which accounts for 1.29% of the $5.71 billion portfolio of Ariel Capital Management. John Keeley owns 1,486,100 shares as of 03/31/2011, which accounts for 0.71% of the $6.54 billion portfolio of Keeley Fund Management. George Soros sold out his holdings in the quarter that ended on 03/31/2011. NWQ Managers sold out his holdings in the quarter that ended on 03/31/2011.

CEO John Niels Molbeck Jr bought 10,000 shares of HCC stock on 08/04/2011 at the average price of 28.5. John Niels Molbeck Jr owns at least 255,674 shares after this. The price of the stock has decreased by 3.3% since. There are mixed trades from other insiders.


Rating: 2.3/5 (10 votes)

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