Weekly Top Insider Buys: CVS, LTD, BBY, SFD, FNFG
The overall trend of insiders is illustrated in the chart below:
CVS Caremark Corporation (CVS): Executive Vice President and General Counsel Thomas M. Moriarty Bought 6,164 Shares
Executive Vice President and General Counsel of CVS Caremark Corporation Thomas M. Moriarty bought 6,164 shares on 10/01/2012 at an average price of $48.86. CVS/Caremark is the nation's premier integrated pharmacy services provider, combining one of the nation's pharmaceutical services companies with the country's largest pharmacy chain. CVS Caremark Corporation has a market cap of $62.16 billion; its shares were traded at around $48.86 with a P/E ratio of 16.02 and P/S ratio of 0.58. The dividend yield of CVS Caremark Corporation stocks is 1.33%. CVS Caremark Corporation had an annual average earnings growth of 15.7% over the past 10 years. GuruFocus rated CVS Caremark Corporation the business predictability rank of 4-star.
On Aug. 7, CVS Caremark Corporation announced revenues, operating profit and net income for the three months ended June 30, 2012. Net revenues increased 16.3% to a record $30.7 billion, with Pharmacy Services up 28.2% and Retail Pharmacy up 6.9%. Retail Pharmacy same stores sales increased 5.6%. Income from continuing operations increased 18.9%. Adjusted EPS of $0.81, up 25.2%; GAAP diluted EPS from continuing operations of $0.75
This month, Executive Vice President and General Counsel Thomas M. Moriarty and Senior Vice President and CIO Stephen J. Gold bought shares of CVS stock. Senior Vice President and President, MinuteClinic Andrew Sussman and Senior Vice President and Chief HR Officer Lisa Bisaccia sold shares this month. Executive Vice President Sales & Account Services J. David Joyner and Executive Vice President and CFO David M. Denton sold shares in September. President and CEO Larry J. Merlo sold 161,359 shares in July.
Limited Brands Inc. (LTD): Director Michael G. Morris Bought 10,110 Shares
Director of Limited Brands Inc. Michael G. Morris bought 10,110 shares on 10/02/2012 at an average price of $50.56. Limited Brands, Inc. is an international company that sells its products through Victoria's Secret, Pink, Bath & Body Works, La Senza, C. Limited Brands Inc. has a market cap of $14.53 billion; its shares were traded at around $50.56 with a P/E ratio of 19.01 and P/S ratio of 1.4. The dividend yield of Limited Brands, Inc. stocks is 1.98%. Limited Brands Inc. had an annual average earnings growth of 5.5% over the past 10 years. GuruFocus rated Limited Brands Inc. the business predictability rank of 3-star.
On Aug. 15, Limited Brands Inc. reported 2012 second quarter results. Adjusted earnings per share for the second quarter ended July 28, 2012, were $0.50 compared to adjusted earnings per share of $0.48 for the quarter ended July 30, 2011. Second quarter adjusted operating income was $308.9 million compared to $307.0 million last year, and adjusted net income was $147.2 million compared to $150.7 million last year.
Last week, Director Michael G Morris bought 10,110 shares of LTD stock. Pres Global Sourcing&Logistics Charles Mcguigan sold shares in September, EVP of HR Jane L Ramsey sold shares in August, and Director Allan R Tessler sold shares in July.
Best Buy Co. Inc. (BBY): Director Matthew H. Paull Bought 6,500 Shares
Director of Best Buy Co. Inc. Matthew H. Paull bought 6,500 shares on 10/02/2012 at an average price of $18.02. Best Buy operates in a single business segment, selling personal computers and other home office products, consumer electronics, entertainment software, major appliances and related accessories principally through its retail stores. Best Buy Co. Inc. has a market cap of $6.07 billion; its shares were traded at around $18.02 with a P/E ratio of 4.33 and P/S ratio of 0.12. The dividend yield of Best Buy Co. Inc. stocks is 3.77%. Best Buy Co. Inc. had an annual average earnings growth of 13.9% over the past 10 years. GuruFocus rated Best Buy Co. Inc. the business predictability rank of 5-star.
On Aug. 21, Best Buy Co. Inc. announced GAAP net earnings from continuing operations were $12 million, or $0.04 per diluted share, for the three months ended Aug. 4, 2012, compared to net earnings from continuing operations of $150 million, or $0.39 per diluted share for the prior-year period. Excluding previously announced restructuring charges, adjusted (non-GAAP) net earnings from continuing operations for the second quarter of fiscal 2013 were $68 million, or $0.20 per diluted share.
Last week, Director Matthew H. Paull bought 6,500 shares of BBY stock. CEO Interim George Lawrence Mikan III bought 100,000 shares in May. In July, 10% Owner Richard M. Schulze sold 2,090,909 shares.
Smithfield Foods Inc. (SFD): Director David C. Nelson Bought 5,000 Shares
Director of Smithfield Foods Inc. David C. Nelson bought 5,000 shares on 9/28/2012 at an average price of $20.61. Smithfield Foods Inc. is one of the world's largest pork processors and hog producer. Smithfield Foods Inc. has a market cap of $3.08 billion; its shares were traded at around $20.61 with a P/E ratio of 9.04 and P/S ratio of 0.24. Smithfield Foods Inc. had an annual average earnings growth of 8.5% over the past 5 years.
On September 4, Smithfield Foods Inc. reported fiscal 2013 first quarter results. All comparisons are to the first quarter of fiscal 2012. Sales for the first quarter of fiscal 2013 were $3.1 billion, steady with the prior year. Net income was $61.7 million ($0.40 per diluted share) in the first quarter, compared to net income of $82.1 million ($0.49 per diluted share) last year.
Last week, Director David C. Nelson bought 5,000 shares of SFD stock. Director Richard T. Crowder bought 2,000 shares last month. Executive Vice President Dhamu R. Thamodaran, President and CEO C. Larry Pope and Executive Vice President Dhamu R. Thamodaran bought shares in July.
First Niagara Financial Group Inc. (FNFG): Director Thomas E. Baker Bought 2,597 Shares
Director of First Niagara Financial Group Inc. Thomas E. Baker bought 2,597 shares on 09/28/2012 at an average price of $8.41. First Niagara Financial Group Inc. is a multi-bank holding company and is the parent of First Niagara Bank, Cortland Savings Bank and Cayuga Bank. First Niagara Financial Group Inc. has a market cap of $2.97 billion; its shares were traded at around $8.41 with a P/E ratio of 9.89 and P/S ratio of 2.26. The dividend yield of First Niagara Financial Group Inc. stocks is 3.8%. First Niagara Financial Group Inc. had an annual average earnings growth of 3.5% over the past 10 years.
On July 27, First Niagara Financial Group Inc. reported results for the 2012 quarter. In the second quarter of 2012, First Niagara posted non-GAAP operating net income available to common shareholders of $59.1 million, or $0.17 per diluted share, compared to $0.19 per share in the first quarter of 2012.
Total operating revenues of $338.7 million, which do not include the previously announced $15.9 million gain recorded on the sale of mortgage-backed securities, increased $26.4 million, or 8% over the first quarter of 2012. Net interest income was up $16.6 million, or 7%, from the prior quarter.
Last week, Director Barabara S. Jeremiah, Director Thomas E. Baker and Director George M. Philip bought shares of FNFG stock. Executive Vice President Retail Banking Mark R. Rendulic, Chief Credit Officer Richard M. Barry, President and CEO John R. Koelmel and CFO Gregory W. Norwood sold shares in August.
For the complete list of stocks that were bought by their company executives, go to: Insider Buys.