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Weekly Highlight of Top Insider Buys: BAC, D, BLK, BRCM, AVY

February 13, 2012 | About:
10qk

GuruFocus

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According to GuruFocus Insider Data, these are the largest insider buys during the past week: Bank of America Corp. (BAC), Dominion Resources Inc. (D), Blackrock Inc. (BLK), Broadcom Corp. (BRCM), and Avery Dennison Corp. (AVY).

The overall trend of insiders is illustrated in the chart below:

Bank of America Corp. (BAC): Director Donald E. Powell Bought 28,000 Shares

Director of Bank of America Corp., Donald E. Powell, bought 28,000 shares during the past week at an average price of $8.07. Bank of America Corp. is one of the world's financial services companies. Bank of America Corp. has a market cap of $79.56 billion; its shares were traded at around $8.07 with and P/S ratio of 0.7. The dividend yield of Bank Of America Corp. stocks is 0.5%.

On January 19, Bank of America Corporation reported net income of $2.0 billion, or $0.15 per diluted share, for the fourth quarter of 2011, compared with a net loss of $1.2 billion, or $0.16 per diluted share in the year-ago period. Revenue, net of interest expense, on a fully taxable-equivalent basis rose 11 percent to $25.1 billion.

This month, Director Donald E. Powell and Director Susan S. Bies bought shares of BAC stock.

Dominion Resources Inc. (D): Director Mark J. Kington Bought 5,000 Shares



Director of Dominion Resources Inc., Mark J. Kington, bought 5,000 shares on 2/06/2012 at an average price of $49.91. Dominion Resources is a producer of energy. Dominion has one of the larger British Thermal Unit production capability among integrated utilities in the northeast quadrant of the United States. Dominion Resources Inc. has a market cap of $28.72 billion; its shares were traded at around $49.91 with a P/E ratio of 16.5 and P/S ratio of 2. The dividend yield of Dominion Resources Inc. stocks is 3.9%. Dominion Resources Inc. had an annual average earnings growth of 4.5% over the past 10 years.

On January 27, Dominion announced unaudited reported earnings determined in accordance with GAAP for the 12 months ended Dec. 31, 2011, of $1.41 billion ($2.45 per share), compared with reported earnings of $2.81 billion ($4.76 per share) for the same period in 2010. Operating earnings for the 12 months ended Dec. 31, 2011, amounted to $1.75 billion ($3.05 per share), compared to operating earnings of $1.97 billion ($3.34 per share) for the same period in 2010.

Last week, Director Mark J. Kington bought 5,000 shares of D stock. EVP and Chief Financial Officer Mark F. Mcgettrick, Director Peter W. Brown Dr., and President and CEO Thomas F. Farrell II bought shares in January. Director William P. Barr bought 980 shares of D stock in December.

BlackRock Inc (BLK): Director Murry Gerber Bought 36,000 Shares



Director of BlackRock Inc., Murry Gerber, bought 36,000 shares during the past week at an average price of $190. BlackRock, Inc. is one of the largest investment management firms in the United States. BlackRock Inc. has a market cap of $25.59 billion; its shares were traded at around $190 with a P/E ratio of 15.9 and P/S ratio of 2.8. The dividend yield of BlackRock Inc. stocks is 2.9%. BlackRock Inc. had an annual average earnings growth of 24.9% over the past 10 years. GuruFocus rated BlackRock Inc. the business predictability rank of 4-star.

On January 19, BlackRock Inc. reported full year diluted EPS of $12.37, up 17% from 2010. Fourth quarter 2011 net income of $555 million was down 7% from third quarter 2011 and 16% from a year ago. Operating income for the fourth quarter and full year 2011 was $808 million and $3.2 billion, respectively. The full year 2011 operating margin was 35.8%. In the fourth quarter, BlackRock repurchased approximately 618,000 shares.

Last week, Director Murry Gerber bought 6,000 shares of BLK stock. Director of America Corp /de/ Bank bought 134 shares in November. COO Charles Hallac, President Robert Kapito, and Chairman and CEO Laurence Fink sold shares this month.

Broadcom Corp. (BRCM): Director Robert J. Finocchio Bought 5,000 Shares

Director of Broadcom Corp., Robert J. Finocchio, bought 5,000 shares on 2/03/2012 at an average price of $37. Broadcom Corporation is a developer of highly integrated silicon solutions that enable broadband digital data transmission to the home and within the business enterprise. Broadcom Corp. has a market cap of $20.03 billion; its shares were traded at around $37 with a P/E ratio of 20.3 and P/S ratio of 2.7. The dividend yield of Broadcom Corp. stocks is 1%. Broadcom Corp. had an annual average earnings growth of 8.8% over the past five years.

On January 31, Broadcom Corporation reported unaudited financial results for its fourth quarter and year ended Dec. 31, 2011. Net revenue for the fourth quarter of 2011 was $1.82 billion. This represents a decrease of 7.0% compared with the $1.96 billion reported for the third quarter of 2011 and a decrease of 6.4% compared with the $1.95 billion reported for the fourth quarter of 2010. Net income computed in accordance with U.S. generally accepted accounting principles (GAAP) for the fourth quarter of 2011 was $254 million, or $.45 per share (diluted), compared with GAAP net income of $270 million, or$.48 per share (diluted), for the third quarter of 2011 and GAAP net income of $266 million, or $.47 per share (diluted), for the fourth quarter of 2010.

Last week, Director Robert J. Finocchio bought 5,000 shares of BRCM. Executive Vice President and General Manager Wireless Con Group Robert A. Rango, EVP&GM, Infrastructure Net Group Rajiv Ramaswami, Executive Vice President and GM, Wireless Con Grp Robert A. Rango, Director William T. Morrow, and Executive Vice President & CFO Eric Brandt sold shares this month.

Avery Dennison Corp. (AVY): Director Charles H. Noski Bought 2,000 Shares

Director of Avery Dennison Corp., Charles H. Noski, bought 2,000 shares on 2/07/2012 at an average price of $29.2. Avery Dennision Corporation produces pressure-sensitive adhesives and materials and the production of consumer and converted products. Avery Dennison Corp. has a market cap of $3.13 billion; its shares were traded at around $29.2 with a P/E ratio of 13.6 and P/S ratio of 0.5. The dividend yield of Avery Dennison Corp. stocks is 3.4%.

On January 31, Avery Dennison Corporation announced preliminary, unaudited fourth quarter and full-year 2011 results. Net income for the fourth quarter of 2011 was $22.2 million compared to net income of $114.2 million for the fourth quarter of 2010.

Last week, Director Charles H. Noski bought 2,000 shares of AVY stock. Group VP, Office Products Timothy Bond sold 9,678 shares last week.

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

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