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Weekly Top Insider Buys: EMC, HPQ, YHOO, VRX, FTR

gururk

gururk

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According to GuruFocus Insider Data, these are the largest insider buys during the past week: EMC Corp. (EMC), Hewlett-Packard Company (HPQ), Yahoo! Inc. (YHOO), Valeant Pharmaceuticals International Inc. (VRX) and Frontier Communications Corp. (FTR).

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

EMC Corp. (EMC): CFO Edward H. Dickinson Bought 30,000 Shares

CFO of EMC Corp., Edward H. Dickinson, bought 30,000 shares on 05/29/2012 at an average price of $23.17. EMC Corporation and its subsidiaries design, manufacture, market and support a wide range of hardware and software products and provide services for the storage, management, protection and sharing of electronic information. EMC Corp. has a market cap of $48.02 billion; its shares were traded at around $23.17 with a P/E ratio of 17.43 and P/S ratio of 2.4. EMC Corp. had an annual average earnings growth of 29.3% over the past 10 years.

EMC Corp. recently reported financial results for the first quarter of 2012. First-quarter consolidated revenue was $5.1 billion, an increase of 11% compared with the year-ago quarter. First-quarter GAAP net income attributable to EMC increased 23% year over year to $587 million. First-quarter GAAP earnings per weighted average diluted share increased 29% year over year to $0.27. Non-GAAP net income attributable to EMC for the first quarter was $818 million, an increase of 17% compared with the year-ago quarter.

Last week, CFO Edward H. Dickinson bought 30,000 shares of EMC stock. Executive Vice President and Chief Marketing Officer Jeremy Burton sold 84,219 shares last week. Executive Vice President, Office of the Chairman Harry L. You sold shares in April and President and COO II & Cloud Services Howard D. Elias sold shares in March. Chairman, President and CEO Joseph M. Tucci sold 396,415 shares in February.

Hewlett-Packard Company (HPQ): Director Ralph V. Whitworth Bought 13,148,735 Shares

Director of Hewlett-Packard Co., Ralph V. Whitworth, bought 13,148,735 shares on 05/30/2012 at an average price of $21.23. Hewlett-Packard Co. is one of the global providers of computing and imaging solutions and services for business and home. Hewlett-Packard Co. has a market cap of $42.02 billion; its shares were traded at around $21.23 with a P/E ratio of 5.1 and P/S ratio of 0.33. The dividend yield of Hewlett-Packard Co. stocks is 2.26%. Hewlett-Packard Co. had an annual average earnings growth of 25.4% over the past five years.

On May 23, HP announced financial results for its second fiscal quarter ended April 30, 2012. For the quarter, net revenue of $30.7 billion was down 3% year over year both as reported and when adjusted for the effects of currency. GAAP diluted earnings per share (EPS) was $0.80, down 24% from the prior-year period. Non-GAAP diluted EPS was $0.98, down 21% from the prior-year period. Second quarter non-GAAP earnings information excludes after-tax costs of $356 million, or $0.18 per diluted share, related to amortization of purchased intangible assets, restructuring charges and acquisition-related charges.

Last week, Director Ralph V. Whitworth bought 13,148,735 shares of HPQ stock. Executive Vice President IPG Vyomesh Joshi sold 100,000 shares in March. Senior Vice President, Controller and PAO James T. Murrin sold 42,500 shares in February.

Yahoo! Inc. (YHOO): Director Harry James Wilson Bought 25,000 Shares



Director of Yahoo! Inc. (YHOO) Harry James Wilson bought 25,000 shares on 05/31/2012 at an average price of $14.93. Yahoo! Inc. is a global Internet communications, commerce and media company that offers a comprehensive branded network of services. Yahoo! Inc. has a market cap of $18.11 billion; its shares were traded at around $14.93 with a P/E ratio of 16.76 and P/S ratio of 3.63.

On April 17, Yahoo! Inc. reported results for the quarter ended March 31, 2012. Revenue excluding traffic acquisition costs was $1,077 million for the first quarter of 2012, a 1 percent increase from the first quarter of 2011. Income from operations decreased 11 percent to $169 million in the first quarter of 2012, compared to $190 million in the first quarter of 2011. GAAP revenue was $1,221 million for the first quarter of 2012, a 1 percent increase from the first quarter of 2011. Net earnings per diluted share increased 38 percent to $0.23 in the first quarter of 2012, compared to $0.17 in the first quarter of 2011.

Last month, Director Harry James Wilson, Director Maynard G. Webb Jr., and Director Alfred J. Amoroso bought shares of YHOO stock. Director Daniel S. Loeb and Senior Vice President, Global Controller and CAO Aman S. Kothari sold shares.

Valeant Pharmaceuticals International Inc. (VRX): Director Laurence E Paul Bought 5,700 Shares



Director of Valeant Pharmaceuticals International Inc., Laurence E. Paul, bought 5,700 shares on 05/29/2012 at an average price of $47.01. Valeant Pharmaceuticals International Inc. is a pharmaceutical company that develops, manufactures and markets a broad range of pharmaceutical products primarily in the areas of neurology, dermatology and branded generics. Valeant Pharmaceuticals International Inc. has a market cap of $14.41 billion; its shares were traded at around $47.01 with a P/E ratio of 14.07 and P/S ratio of 5.85.

On May 3, Valeant Pharmaceuticals International Inc. announced first quarter financial results for 2012. The company reported a net loss of $12.9 million for the first quarter of 2012, or $0.04per diluted share. GAAP cash flow from operations was $167.2 million in the first quarter of 2012, and adjusted cash flow from operations was $321.6 million in the first quarter of 2012, which includes proceeds of $66.3 million.

This month, Valueact Holdings LP, Director Laurence E. Paul, and Director Norma Ann Provencio bought shares of VRX stock. CFO Howard Bradley Schiller bought 9,200 shares in march.

Frontier Communications Corporation (FTR): Director Jeri B. Finard Bought 50,000 Shares



Director of Frontier Communications Corp., Jeri B. Finard, bought 50,000 shares on 06/01/2012 at an average price of $3.52. 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 Corp. has a market cap of $3.51 billion; its shares were traded at around $3.52 with a P/E ratio of 15.3 and P/S ratio of 0.67. The dividend yield of Frontier Communications Corp. stocks is 11.37%.

On May 7, Frontier Communications Corporation reported first-quarter 2012 revenue of $1,268.1 million, operating income of $208.5 million and net income attributable to common shareholders of Frontier of $26.8 million, or $0.03 per share. Excluding $35.1 million for integration costs and $6.5 million for severance and early retirement costs, net income attributable to common shareholders of Frontier for the first quarter of 2012 would have been $52.5 million, or $0.05 per share.

Last week, Director Jeri B. Finard bought 50,000 shares of FTR stock. Executive Vice President and COO Daniel J. Mccarthy, Executive Vice President Commercial Sales Peter B. Hayes, Director Edward Fraioli, Director Larraine D. Segil, and Chairman and CEO Mary Agnes Wilderotter bought shares in May.

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

Rating: 3.6/5 (5 votes)

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