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Weekly Top Insider Buys: C, BAC, UNH, GM, APA

November 12, 2012 | About:
gururk

gururk

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According to GuruFocus Insider Data, these are the largest insider buys during the past week: Citigroup Inc. (C), Bank of America Corporation (BAC), UnitedHealth Group Inc. (UNH), General Motors Co. (GM) and Apache Corporation (APA).

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





Citigroup Inc. (C): Director William S. Thompson Bought 6,850 Shares


Director of Citigroup Inc., William S. Thompson, bought 6,850 shares on 11/08/2012 at an average price of $35.93. Citigroup Inc., the global financial services company, has some two hundred million customer accounts and does business in more than hundred countries, providing consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citigroup Inc. has a market cap of $107.33 billion; its shares were traded at around $35.93 with a P/E ratio of 10.5 and P/S ratio of 1.4. The dividend yield of Citigroup Inc. stocks is 0.1%.

On Oct. 15, Citigroup Inc. reported net income for the third quarter 2012 of $468 million, or $0.15 per diluted share, on revenues of $14.0 billion. Third quarter results also included a pre-tax loss of $4.7 billion ($2.9 billion after-tax) from the sale of a 14% interest and other-than-temporary impairment of the carrying value of Citi’s remaining 35% interest in the Morgan Stanley Smith Barney (MSSB) joint venture. In addition, third quarter results included a $582 million tax benefit related to the resolution of certain tax audit items.

Last week, Director William S. Thompson bought 6,850 shares of C stock. Controller Jeffrey R. Walsh sold 6,000 shares this month.

Bank of America Corporation (BAC): Director R. David Yost Bought 10,000 Shares

Director of Bank of America Corporation, R. David Yost, bought 10,000 shares on 11/07/2012 at an average price of $9.77. Bank of America Corp. is one of the world's financial services companies. Bank of America Corporation has a market cap of $97.91 billion; its shares were traded at around $9.43 with a P/E ratio of 13.9 and P/S ratio of 0.9. The dividend yield of Bank of America Corporation stocks is 0.4%.

On Oct. 17, Bank of America Corporation reported net income of$340 million, or $0.00 per diluted share, for the third quarter of 2012, compared to $6.2 billion, or $0.56 per diluted share, in the third quarter of 2011. Total revenue, net of interest expense, on a GAAP basis was $20.4 billion, $22.0 billion and $28.5 billion for the three months ended September 30, 2012, June 30, 2012 and September 30, 2011.

Last week, Director R David Yost bought 10,000 shares of BAC stock. Director Charles K Gifford and Director Donald E Powell bought shares in June.

UnitedHealth Group Inc. (UNH): Director Edson De Godoy Bueno Bought 8,416,905 Shares

Director of UnitedHealth Group Inc., Edson De Godoy Bueno, bought 8,416,905 shares on 11/02/2012 at an average price of $52.9. UnitedHealth Group Inc. offers health care coverage and related services to help people achieve improved health and well-being through all stages of life. UnitedHealth Group Inc. has a market cap of $57.61 billion; its shares were traded at around $52.9 with a P/E ratio of 10.6 and P/S ratio of 0.6. The dividend yield of UnitedHealth Group Inc. stocks is 1.5%. UnitedHealth Group Inc. had an annual average earnings growth of 18.2% over the past 10 years. GuruFocus rated UnitedHealth Group Inc. the business predictability rank of 3.5-star.

On Oct. 16, UnitedHealth Group Inc. reported results for the third quarter of 2012. UnitedHealth Group’s consolidated third quarter 2012 revenues of $27.3 billion grew $2 billion or 8 percent year over year, led by increases in UnitedHealthcare Medicare and Medicaid benefit offerings and strong growth rates from Optum health service and technology offerings. Third quarter earnings from operations were $2.6 billion and net earnings were $1.6 billion or $1.50 per share, an increase of 28 percent from third quarter 2011.

Last week, Director Edson De Godoy Bueno bought 8,416,905 shares of UNH stock. Director William C. Ballard Jr. sold 20,000 shares this month. Executive Vice President and CEO, UnitedHealthcare Gail Boudreaux sold 64,606 shares in September. Director Gail R. Wilensky and Executive Vice President, Human Capital Lori Sweere sold shares in June.

General Motors Co. (GM): Director Thomas M. Schoewe Bought 3,845 Shares

Director of General Motors Co., Thomas M. Schoewe, bought 3,845 shares on 11/06/2012 at an average price of $25.04. General Motors Company is engaged in the designing, manufacturing and retailing of vehicles globally including passenger cars, crossover vehicles, and light trucks, sport utility vehicles, vans and other vehicles. General Motors Co. has a market cap of $36.47 billion; its shares were traded at around $25.04 with a P/E ratio of 7.2 and P/S ratio of 0.2.

On Oct. 31, General Motors Co. announced third quarter net income attributable to common stockholders of $1.5 billion, or $0.89 per fully diluted share including the impact of special items, which reduced net income by $0.1 billion and diluted earnings per share by $0.04. In the third quarter a year ago, GM’s net income attributable to common stockholders was $1.7 billion, or $1.03 per fully diluted share. Net revenue in the third quarter of 2012 was $7.6 billion compared with $36.7 billion a year ago.

Last week, Director Thomas M. Schoewe bought 3,845 shares of GM stock. Chairman and CEO Daniel F. Akerson bought 25,000 shares in August. Senior Vice President Mary T. Barra and Vice President Joel Ewanick sold shares in June.

Apache Corporation (APA): Vice President F. Brady Parish Jr. Bought 4,750 Shares

Vice President of Apache Corporation, F. Brady Parish Jr., bought 4,750 shares on 11/05/2012 at an average price of $78.98. Apache Corporation is an independent energy company that explores for, develops and produces natural gas, crude oil and natural gas liquids. Apache Corporation has a market cap of $32.22 billion; its shares were traded at around $78.98 with a P/E ratio of 7.5 and P/S ratio of 1.9. The dividend yield of Apache Corporation stocks is 0.8%. Apache Corporation had an annual average earnings growth of 15.3% over the past 10 years. GuruFocus rated Apache Corporation the business predictability rank of 2.5-star.

On Nov. 1, Apache Corporation said that higher rig counts and new infrastructure contributed to record production from Permian and Anadarko Basin operations. For the three-month period ending Sept. 30, 2012, Apache reported production of 771,000 barrels of oil equivalent per day, up approximately 18,300 boepd, or 2.4 percent, from the same period in the prior year. Apache's third quarter 2012 earnings totaled $161 million, or 41 cents per diluted common share, reflecting the impact of a $539 million non-cash, after-tax write-down in the carrying value of its properties in Canada resulting from lower natural gas prices.

Last week, Director Charles J. Pitman and Vice President F. Brady Parish Jr. bought shares of APA stock. Vice President, Chief Accountant Rebecca A. Hoyt sold 1,902 shares in August.

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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