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Weekly Top Insider Buys: AAPL, T, KMI, ADM, GLW

November 26, 2012 | About:
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According to GuruFocus Insider Data, these are the largest insider buys during the past week: Apple Inc. (AAPL), AT&T Inc. (T), Kinder Morgan Inc. (KMI), Archer-Daniels Midland Company (ADM) and Corning Inc. (GLW).

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



Apple Inc. (AAPL): Director Robert A. Iger Bought 1,780 Shares

Director of Apple Inc. Robert A. Iger bought 1,780 shares on 11/19/2012 at an average price of $571.5. Apple Inc. is engaged in designing, manufacturing and marketing mobile communication and media devices, personal computers, and portable digital music players. Apple Inc. has a market cap of $494.65 billion; its shares were traded at around $571.5 with a P/E ratio of 12 and P/S ratio of 3.2. The dividend yield of Apple Inc. stocks is 2%. Apple Inc. had an annual average earnings growth of 79.5% over the past 10 years. GuruFocus rated Apple Inc. the business predictability rank of 4.5-star.

On Oct. 25, Apple announced financial results for its fiscal 2012 fourth quarter ended Sept. 29, 2012. The company posted quarterly revenue of $36.0 billion and quarterly net profit of $8.2 billion, or $8.67 per diluted share. These results compare to revenue of $28.3 billion and net profit of $6.6 billion, or $7.05 per diluted share, in the year-ago quarter. Gross margin was 40 percent compared to 40.3 percent in the year-ago quarter. International sales accounted for 60 percent of the quarter’s revenue.

Last week, Director Robert A. Iger bought 1,780 shares of AAPL stock. Senior Vice President Daniel J. Riccio, Senior Vice President, General Counsel and Secretary D. Bruce Sewell, Director Arthur D. Levinson, and Senior Vice President, General Counsel, Secretary D. Bruce Sewell sold shares this month.

AT&T Inc. (T): Director Matthew K. Rose Bought 40,000 Shares

Director of AT&T Inc. Matthew K. Rose bought 40,000 shares on 11/19/2012 at an average price of $57.695. AT&T Inc. is a premier communications holding company. AT&T Inc. has a market cap of $191.16 billion; its shares were traded at around $34.36 with a P/E ratio of 14.4 and P/S ratio of 1.5. The dividend yield of AT&T Inc. stocks is 5.3%. AT&T Inc. had an annual average earnings growth of 3.3% over the past 10 years.

AT&T Inc. recently reported results for the third quarter of 2012. For the quarter ended September 30, 2012, AT&T's consolidated revenues totaled $31.5 billion, flat versus the year-earlier quarter. Compared with results for the third quarter of 2011, operating expenses were $25.4 billion versus $25.2 billion, up 0.7 percent year over year; excluding Advertising Solutions, operating expenses were $25.4 billion versus $24.6 billion in the year-ago quarter, up 3.4 percent. Operating income was $6.0 billion, down from $6.2 billion; and AT&T’s operating income margin was 19.2 percent, compared to 19.8 percent. Third-quarter 2012 net income attributable to AT&T totaled $3.6 billion, or $0.63 per diluted share, consistent with $3.6 billion, or $0.61 per diluted share, in the year-earlier quarter.

Last week, Director Matthew K. Rose bought 40,000 shares of T stock. Senior Executive and Vice President Human Resources William A. Blase Jr. sold 2,075 shares in July.

Kinder Morgan Inc. (KMI): Vice President HR and Administration James E. Street Bought 1,500 Shares

Vice President HR and Administration of Kinder Morgan Inc. James E Street bought 1,500 shares on 11/15/2012 at an average price of $0.0625. Kinder Morgan Inc. is engaged in energy transportation and storage in North America. Kinder Morgan Inc. has a market cap of $36.6 billion; its shares were traded at around $33.72 with a P/E ratio of 34 and P/S ratio of 4.4. The dividend yield of Kinder Morgan Inc. stocks is 4.5%.

On Oct. 17, Kinder Morgan Inc. reported third quarter cash available to pay dividends of $362 million, up 93 percent from $188 million for the comparable 2011 period. Through the first nine months, KMI reported cash available to pay dividends of $972 million compared to $623 million for the same period in 2011. The company now expects to generate cash available to pay dividends of more than $1.325 billion for the year, significantly ahead of its published annual budget. The increase is attributable to the El Paso Corporation acquisition which closed in late May.

Last week, Vice President HR and Administration James E. Street bought 1,500 shares of KMI stock. Director Fayez Sarofim bought 600,000 shares in October and Director Michael Jaye Miller bought 10,000 shares in June. Former Director Kenneth A. Pontarelli and Former Director Henry Cornell sold shares in October.

Archer-Daniels Midland Company (ADM): CFO Ray G. Young Bought 4,000 Shares

CFO of Archer-Daniels Midland Company Ray G. Young bought 4,000 shares on 11/15/2012 at an average price of $0.665. Archer Daniels Midland Company is a world leader in agricultural processing and fermentation technology. Archer-Daniels Midland Company has a market cap of $16.44 billion; its shares were traded at around $26.74 with a P/E ratio of 12.1 and P/S ratio of 0.2. The dividend yield of Archer-Daniels Midland Company stocks is 2.8%. Archer-Daniels Midland Company had an annual average earnings growth of 7.1% over the past 10 years.

On Oct. 30, Archer Daniels Midland Company reported financial results for the quarter ended Sept. 30, 2012. The company reported net earnings for the quarter of $182 million, or $0.28 per share, down from $0.68 per share in the same period one year earlier. Adjusted earnings per share were $0.50, primarily reflecting a $0.16 charge related to ADM’s planned divestment of Gruma. Segment operating profit was $498 million, including a $146 million charge related to Gruma.

This month, CFO Ray G. Young and Executive Vice President and COO Juan R. Luciano bought shares of ADM stock. Senior Vice President Michael D. Ambrose bought 4,000 shares in August. Vice President Domingo A. Lastra sold 742 shares in November.

Corning Inc. (GLW): Director Gordon Gund Bought 170,000 Shares

Director of Corning Inc. Gordon Gund bought 170,000 shares on 11/16/2012 at an average price of $11.29. Corning Incorporated creates leading-edge technologies for the fastest-growing markets of the world's economy. Corning Inc. has a market cap of $16.23 billion; its shares were traded at around $11.29 with a P/E ratio of 8.5 and P/S ratio of 2.1. The dividend yield of Corning Inc. stocks is 3.3%. Corning Inc. had an annual average earnings growth of 8.7% over the past 5 years.

On Oct. 24, Corning Incorporated announced its results for the third quarter of 2012. Sales were $2.04 billion, up 7% from quarter two and down 2% year over year. Earnings per share were $0.35. Excluding special items, earnings per share were $0.34,* up 10% sequentially, and down 29% year over year.

Last week, Director Gordon Gund bought 170,000 shares of GLW stock. Executive Vice President Lawrence D. McRae sold 18,000 shares in August and Retired Executive Officer Joseph A. Miller sold 1,426 shares in July.

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


Rating: 3.7/5 (3 votes)

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