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Weekly Highlight of Top Insider Buys: GE, KO, BAC, CME, HES

gururk

gururk

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According to GuruFocus Insider Data, these are the largest insider buys during the past week: General Electric (GE), The Coca-Cola Company (KO), Bank of America Corp. (BAC), CME Group Inc. (CME) and Hess Corp. (HES).

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

General Electric (GE): Director Alan G. Lafley Bought 30,000 Shares



Director of General Electric, Alan G. Lafley, bought 30,000 shares on 4/30/2012 at an average price of $19.32. General Electric is one of the largest and most diversified industrial corporations in the world. General Electric has a market cap of $207.62 billion; its shares were traded at around $19.32 with a P/E ratio of 14.3 and P/S ratio of 1.4. The dividend yield of General Electric stocks is 3.5%. General Electric had an annual average earnings growth of 10.3% over the past 10 years.

On April 20, GE announced first-quarter 2012 operating earnings of $3.6 billion, or $0.34 per share, up 1% and 3% respectively from the first-quarter of 2011. Operating EPS was up 17% excluding one-time items. GAAP earnings from continuing operations (attributable to GE) were $3.3 billion, down 4%, or $0.31 per share, flat from the prior year quarter. Revenues were $35.2 billion for the quarter, down 8%.

Last month, Director Alan G. Lafley and Director Rochelle B. Lazarus bought shares of GE stock.

The Coca-Cola Company (KO): Director Barry Diller Bought 264,000 Shares



Director of Coca-Cola Co., Barry Diller, bought 264,000 shares on 4/27/2012 at an average price of $77.03. The Coca-Cola Company is the world's largest beverage company and is the producer and marketer of soft drinks. The Coca-Cola Co. has a market cap of $171.45 billion; its shares were traded at around $77.03 with a P/E ratio of 19.5 and P/S ratio of 3.7. The dividend yield of The Coca-Cola Co. stocks is 2.7%. The Coca-Cola Co. had an annual average earnings growth of 8% over the past 10 years. GuruFocus rated The Coca-Cola Co. the business predictability rank of 3.5-star.

On April 17, The Coca-Cola Company reported results for the first quarter of 2012. First quarter reported net revenues grew 6% and comparable currency neutral net revenues grew 7%, driven by solid price/mix of 3%. First quarter reported operating income grew 10%. Comparable currency neutral operating income grew 5% in the quarter.

Last month, Director Barry Diller and Director Evan G. Greenberg bought shares of KO stock. Director Richard M. Daley and Director Maria Elena Lagomasino bought shares in February. Pres/CEO, CC Refreshments USA Steven A. Cahillane sold 52,292 shares in December.

Bank of America Corp. (BAC): Director Donald E. Powell Bought 5,000 Shares



Director of Bank of America Corp., Donald E. Powell, bought 5,000 shares on 05/03/2012 at an average price of $7.73. Bank of America Corp. is one of the world's financial services companies. Bank of America Corp. has a market cap of $87.18 billion; its shares were traded at around $7.73 with and P/S ratio of 0.8. The dividend yield of Bank of America Corp. stocks is 0.5%.

On April 19, Bank of America Corp. reported net income of $653 million, or $0.03 per diluted share, for the first quarter of 2012. Revenue, net of interest expense, on a fully taxable-equivalent basis was $22.5 billion, including negative valuation adjustments related to changes in the company’s credit spreads of $4.8 billion pretax, or$0.28 a share. The results compare to net income of $2.0 billion, or $0.17 per diluted share, in the year-ago quarter on revenue of $27.1 billion when the company reported negative valuation adjustments of $943 million, or $0.06 per share.

Last week, Director Donald E. Powell bought 5,000 shares of BAC stock.

CME Group Inc. (CME): Director Larry G. Gerdes Bought 2,000 Shares



Director of CME Group Inc., Larry G. Gerdes, bought 2,000 shares on 4/27/2012 at an average price of $258.03. Chicago Mercantile Exchange Holdings Inc. is the parent company of Chicago Mercantile Exchange Inc., the largest futures exchange in the U.S. based on notional value, trading volume and open interest. CME Group Inc. has a market cap of $18.2 billion; its shares were traded at around $258.03 with a P/E ratio of 16.4 and P/S ratio of 5.6. The dividend yield of CME Group Inc. stocks is 3.3%. CME Group Inc. had an annual average earnings growth of 17.9% over the past 10 years. GuruFocus rated CME Group Inc. the business predictability rank of 3.5-star.

Last week, Director Larry G. Gerdes bought 2,000 shares of CME stock. Director William R. Shepard bought shares in February and President CME Clearing Kimberly S. Taylor sold 5,382 shares in March.

Hess Corp. (HES): Director John H. Mullin III Bought 10,000 Shares

Director of Hess Corp., John H. Mullin III, bought 10,000 shares on 05/03/2012 at an average price of $50.93. Hess Corporation, is a global integrated energy company engaged in the exploration for and the production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products, electricity. Hess Corp. has a market cap of $17.68 billion; its shares were traded at around $50.93 with a P/E ratio of 9.3 and P/S ratio of 0.5. The dividend yield of Hess Corp. stocks is 0.8%. Hess Corp. had an annual average earnings growth of 7.2% over the past 10 years.

On April 25, Hess Corp. reported net income of $545 million for the first quarter of 2012 compared with $929 million for the first quarter of 2011. The company’s average worldwide crude oil selling price was $89.92 per barrel, up from $87.22 per barrel in the same quarter a year ago. Marketing and Refining earnings were $11 million in the first quarter of 2012 compared with $39 million in the same time period in 2011.

Last week, chairman of the board and CEO, 10% Owner John B. Hess and Director John H. Mullin III bought shares of HES stock. Director Risa J. Lavizzo-Mourey, Director Frank Albert Olson, Director Edith E. Holiday, and Director Metzsch Ernst H. Von bought shares in March.

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.

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