Weekly highlight of top insider buys: Ford Motor Co. (F), Nordstrom Inc. (JWN), Sara Lee Corp. (SLE), Frontier Communications (FTR), and National Fuel Gas Co. (NFG).
Ford Motor Co. (F): Exec. Chairman and Chairman William Clay Jr Ford Bought 25,000 Shares
Exec. Chairman and Chairman of Ford Motor Co., William Clay Jr, Ford bought 25,000 shares on 9/12/2011 at an average price of $10.62. Ford Motor Company produces cars and trucks. The company and its subsidiaries also engage in other businesses, including manufacturing automotive components and systems and financing and renting vehicles and equipment. Ford Motor Co. has a market cap of $40.34 billion; its shares were traded at around $10.62 with a P/E ratio of 5.2 and P/S ratio of 0.3.
On July 26, Ford Motor Company reported second quarter 2011 net income of $2.4 billion, or 59 cents per share, a decrease of $201 million, or 2 cents per share, from second quarter 2010. Second quarter pre-tax operating profit was $2.9 billion, or 65 cents per share, a decrease of $64 million, or 3 cents per share, from second quarter 2010.
This month, Exec. Chairman and Chairman William Clay Jr Ford and Director Anthony F Jr Earley bought shares of F stock. Director Irvine O Hockaday Jr bought 15,000 shares in August. Group Vice President J C Mays sold 38,000 shares in July.
Nordstrom Inc. (JWN): Director Felicia D Thornton Bought 1,140 Shares
Director of Nordstrom Inc., Felicia D Thornton, bought 1,140 shares on 9/09/2011 at an average price of $47.89. Nordstrom, Inc. is one of the nation's fashion specialty retailers, with stores located in a number of states, including full-line stores, Nordstrom Racks, Faconnable boutiques, and free-standing shoe stores. Nordstrom Inc. has a market cap of $10.44 billion; its shares were traded at around $47.89 with a P/E ratio of 15.7 and P/S ratio of 1.1. The dividend yield of Nordstrom Inc. stocks is 2%. Nordstrom Inc. had an annual average earnings growth of 27.3% over the past 10 years. GuruFocus rated Nordstrom Inc. the business predictability rank of 3.5-star.
On August 11, Nordstrom Inc. reported net earnings of $175 million, or $0.80 per diluted share, for the second quarter ended July 30, 2011. This represented an increase of 20 percent compared with net earnings of $146 million, or $0.66 per diluted share, for the same quarter last year.Second quarter same-store sales increased 7.3 percent compared with the same period in fiscal 2010. Net sales in the second quarter were $2.72 billion, an increase of 12.4 percent compared with net sales of $2.42 billion during the same period in fiscal 2010.
Last week, Director Felicia D Thornton bought 1,140 shares of JWN stock.
Executive Vice President Ken Worzel and Director Philip G Satre bought shares in August.
Sara Lee Corp. (SLE): Director James S Crown Bought 37,500 Shares
Director of Sara Lee Corp., James S Crown, bought 37,500 shares on 9/12/2011 at an average price of $17.5. Sara Lee Corporation is a global manufacturer and marketer of high-quality, brand-name products for consumers throughout the world. Sara Lee Corp. has a market cap of $10.24 billion; its shares were traded at around $17.5 with a P/E ratio of 19.9 and P/S ratio of 1.2. The dividend yield of Sara Lee Corp. stocks is 2.7%.
On August 11, Sara Lee Corp. reported earnings for the fourth quarter 2011. The fourth quarter included an 8% increase in adjusted net sales from continuing operations to $2.3 billion; 9% reported net sales increase, 40% increase in adjusted operating income to $189 million; and reported operating income increase of 19%.
Last week, Director James S Crown bought 37,500 shares of SLE stock. Executive Chairman Jan Bennink bought 58,400 shares in August.
Frontier Communications (FTR): CLO; EVP Reg & Gov't Affairs Kathleen Q Abernathy Bought 40,000 Shares
CLO; EVP Reg & Gov't Affairs of Frontier Communications, Kathleen Q Abernathy, bought 40,000 shares on 09/09/2011 at an average price of $7.11. Frontier Communications Corp., formerly Citizens Communications Company, is a full-service communications provider and one of the largest rural local exchange telephone companies in the country. Frontier Communications has a market cap of $7.08 billion; its shares were traded at around $7.11 with a P/E ratio of 28.4 and P/S ratio of 1.8. The dividend yield of Frontier Communications stocks is 10.5%.
On August 3, Frontier Communications Corporation reported second-quarter 2011 revenue of $1,322.3 million, operating income of $238.3 million and net income attributable to common shareholders of Frontier of $32.3 million, or $0.03 per share. After excluding $20.3 million for acquisition and integration costs, $11.0 million for severance and early retirement costs and $10.5 million for a discrete tax item, net income attributable to common shareholders of Frontier for the second quarter of 2011 would have been $62.2 million, or $0.06 per share.
Frontier Communications is in the portfolios of Prem Watsa, Jean-Marie Eveillard, and NWQ Managers.
In September, Director Edward Fraioli and CLO; EVP Reg & Gov't Affairs Kathleen Q Abernathy bought shares of FTR stock. Director Jeri B Finard and Director James S Kahan bought shares in August.
National Fuel Gas Co. (NFG): Director R D Cash Bought 2,000 SharesDirector of National Fuel Gas Co., R D Cash, bought 2,000 shares on 9/15/2011 at an average price of $59.09. National Fuel Gas Co. is engaged in the business of owning and holding securities issued by its subsidiary companies. National Fuel Gas Co. has a market cap of $4.89 billion; its shares were traded at around $59.09 with a P/E ratio of 22.3 and P/S ratio of 2.8. The dividend yield of National Fuel Gas Co. stocks is 2.4%. National Fuel Gas Co. had an annual average earnings growth of 2.1% over the past 10 years.
On August 4, National Fuel Gas Company announced consolidated earnings for the third quarter of fiscal 2011. Earnings for the third quarter were $46.9 million, or $0.56 per share, an increase of $4.3 million, or $0.05 per share, compared to the prior year’s third quarter earnings of $42.6 million or $0.51 per share.
Production, Utility, and Energy Marketing segments, and the All Other category.
In September, Director R D Cash bought 2,000 shares of NFG stock. Director Stephen E Ewing bought 1,700 shares in August. Director Rolland E Kidder sold 1,000 shares the same month.
For the complete list of stocks that bought by their company executives, go to: Insider Buys.
- 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.