GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Weekly Top Insider Buys: MRK, GM, ADM, KMI, APD

August 21, 2011 | About:
gururk

gururk

7 followers
Weekly highlight of top insider buys: Merck & Co. Inc. (MRK), General Motors (GM), Archer Daniels Midland Co. (ADM), Kinder Morgan (KMI), and Air Products & Chemicals Inc. (APD).

Merck & Co. Inc. (MRK): Executive Vice President and CFO Peter N. Kellogg Bought 15,800 Shares

Executive Vice President and CFO Peter N. Kellogg bought 15,800 shares on 8/12/2011 at an average price of $31.26. Merck & Co. Inc. is a global research-driven pharmaceutical company dedicated to putting patients first. Merck & Co. Inc. has a market cap of $96.92 billion; its shares were traded at around $31.26 with a P/E ratio of 8.7 and P/S ratio of 2.1. The dividend yield of Merck & Co. Inc. stocks is 4.8%.

On July 29, Merck & Co. Inc. announced financial results for the second quarter of 2011. Non-GAAP earnings per share for the second quarter of $0.95 excludes acquisition-related costs, restructuring costs and the benefit of certain tax items. Worldwide sales were $12.2 billion for the second quarter of 2011, the highest quarterly sales total for the combined company and an increase of 7 percent compared with the second quarter of 2010.

Merck & Co. Inc. is in the portfolios of Joel Greenblatt, Robert Bruce, Bill Nygren, Mark Hillman, Dodge & Cox, Mario Gabelli, Kenneth Fisher, Brian Rogers, NWQ Managers, Prem Watsa, Jean-Marie Eveillard, James Barrow, Irving Kahn, John Hussman, Chris Davis, Charles Brandes, David Tepper, and Hotchkis & Wiley.

Executive Vice President Animal Health Raul E. Kohan and Executive Vice President and Chief Compliance Officer Richard S. Bowles III sold shares in May.

General Motors (GM): Vice Chairman Stephen J. Girsky Bought 2,000 Shares

Vice Chairman of General Motors, Stephen J. Girsky, bought 2,000 shares on 8/19/2011 at an average price of $22.16. 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 has a market cap of $33.17 billion; its shares were traded at around $22.16 with and P/S ratio of 0.3.

On August 4, General Motors Co. announced second quarter net income attributable to common stockholders of $2.5 billion, or $1.54 per fully-diluted share. In the second quarter of 2010, GM’s net income attributable to common stockholders was $1.3 billion, or 85 cents per fully-diluted share. Revenue increased $6.2 billion to $39.4 billion, compared with the second quarter of 2010.

General Motors is in the portfolios of David Tepper, Richard Snow, George Soros, Joel Greenblatt, Richard Perry, Mario Gabelli, Third Avenue Management, Hotchkis & Wiley, Leon Cooperman, Brian Rogers, David Einhorn, Richard Perry, George Soros, and NWQ Managers.

This month, CEO Daniel F. Akerson, Vice Chairman Stephen J Girsky, and Vice President Timothy E. Lee bought shares of GM stock. Director E. Neville Isdell bought 8,000 shares in May.

Archer Daniels Midland Co. (ADM): Senior Vice President Ray G. Young Bought 4,000 Shares

Senior Vice President Ray G. Young bought 4,000 shares on 8/18/2011 at an average price of $27.52. Archer Daniels Midland Company is a world leader in agricultural processing and fermentation technology. Archer Daniels Midland Co. has a market cap of $17.4 billion; its shares were traded at around $27.52 with a P/E ratio of 8.7 and P/S ratio of 0.2. The dividend yield of Archer Daniels Midland Co. stocks is 2.4%. Archer Daniels Midland Co. had an annual average earnings growth of 18.9% over the past 10 years. GuruFocus rated Archer Daniels Midland Co. the business predictability rank of 4.5-star.

On August 2, Archer Daniels Midland Company reported net earnings for the fiscal year ended June 30, 2011, of $2.0 billion and record segment operating profit of $4.0 billion, up 5% and 24%, respectively, from the prior year. For the quarter ended June 30, 2011, net earnings were $381 million, down $65 million, and segment operating profit was $888 million, up $89 million, from the same period one year earlier.

Archer Daniels Midland Co is in the portfolios of John Hussman, Brian Rogers, Richard Snow, Jean-Marie Eveillard, Mario Gabelli, and Charles Brandes.

This month, Senior Vice President Ray G. Young, Executive Vice President & COO Juan R. Luciano, and Director Pierre Dufour bought shares of ADM stock. Vice President Michael Lusk sold 1,000 shares this month.

Kinder Morgan (KMI): Vice President Human Resources and Administration James E. Street Bought 2,356 Shares

Vice President Human Resources and Administration James E. Street bought 2,356 shares on 8/16/2011 at an average price of $23.82. Kinder Morgan Inc. is engaged in energy transportation and storage in North America. Kinder Morgan has a market cap of $16.42 billion; its shares were traded at around $23.82. The dividend yield of Kinder Morgan stocks is 1.9%.

On July 20, Kinder Morgan Energy Partners L.P. increased its quarterly cash distribution per common unit to $1.15 ($4.60 annualized) payable on Aug. 12, 2011, to unit-holders of record as of Aug. 1, 2011. The distribution represents a 6% increase over the second quarter 2010 cash distribution per unit of $1.09 ($4.36 annualized). KMP has increased the distribution six consecutive quarters and 41 times since current management took over in February of 1997.

Kinder Morgan is in the portfolio of Jean-Marie Eveillard.

Air Products & Chemicals Inc. (APD): Senior Vice President Corning F. Painter Bought 1,300 Shares

Senior Vice President of Air Products & Chemicals Inc. Corning F. Painter bought 1,300 shares on 8/18/2011 at an average price of $75.24. Air Products and Chemicals Inc. has established an internationally recognized industrial gas and related industrial process equipment business, and developed strong positions as a producer of certain chemicals. Air Products & Chemicals Inc. has a market cap of $16.07 billion; its shares were traded at around $75.24 with a P/E ratio of 13.7 and P/S ratio of 1.8. The dividend yield of Air Products & Chemicals Inc. stocks is 3%. Air Products & Chemicals Inc. had an annual average earnings growth of 9.3% over the past 10 years. GuruFocus rated Air Products & Chemicals Inc. the business predictability rank of 3-star.

On July 22, Air Products & Chemicals Inc. reported net income from continuing operations of $318 million, up 15%* versus prior year, and diluted earnings per share from continuing operations of $1.46, up 14%*, for its fiscal third quarter ended June 30, 2011. Third-quarter revenues of $2,578 million increased 14% from the prior year. On an underlying basis, sales were up 7% on higher volumes primarily in the Electronics and Performance Materials and Tonnage segments. Operating income of $417 million rose 11% from the prior year on higher volumes.

Air Products & Chemicals Inc. is in the portfolios of Tom Gayner, Mario Gabelli, Chris Davis, and Dodge & Cox.

This month, Senior Vice President Corning F. Painter and Director Lawrence S. Smith bought shares of APD stock. Director Mario Baeza sold 2,000 shares this month.

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

Rating: 2.5/5 (4 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK