Weekly Top Insider Buys: Walgreen Company, Alcoa Inc., VeriFone Systems Inc., Brietburn Energy Partners and Investors Real Estate Trust
The overall trend of insiders is illustrated in the chart below:
Walgreen Company (WAG): Director Stefano Pessina Bought 34,439 Shares
Director of Walgreen Company, Stefano Pessina, bought 34,439 shares on 7/12/2013 at an average price of $48.76. Walgreen Company was incorporated in the state of Illinois in 1909 as a successor to a business founded in 1901. Walgreen Company has a market cap of $46.02 billion; its shares were traded at around $48.76 with a P/E ratio of 21.37 and P/S ratio of 0.64. The dividend yield of Walgreen Company stocks is 2.26%. Walgreen Company had an annual average earnings growth of 11.2% over the past 10 years. GuruFocus rated Walgreen Company the business predictability rank of 4-star.
On June 25, Walgreen Co. announced earnings and sales results for the third quarter and first nine months of fiscal year 2013 ended May 31. Adjusted third quarter earnings per diluted share increased 18.1 percent to record 85 cents, compared with adjusted earnings per diluted share of 72 cents in year-ago quarter; GAAP earnings per diluted share increase 4.8 percent to 65 cents compared with 62 cents in last year's third quarter. Adjusted third quarter earnings increased 29.3 percent to record $812 million, compared with adjusted earnings of $628 million in year-ago quarter; GAAP earnings increased 16.2 percent to $624 million compared with $537 million in last year's third quarter.
Last week, Director Stefano Pessina bought 34,439 shares of WAG stock. Director Stefano Pessina bought 83,299 shares in April. President Pharmacy Services Kermit R. Crawford sold 10,000 shares in May, and President, Operations and Community Management Mark A. Wagner and SVP International Robert G. Zimmerman sold shares in March.
Alcoa Inc. (AA): Director Ratan Tata Bought 2,470 Shares
Director of Alcoa Inc., Ratan Tata, bought 2,470 shares on 7/11/2013 at an average price of $8.10. Alcoa Inc. is a Pennsylvania corporation and was formed in 1888. Alcoa Inc. has a market cap of $8.66 billion; its shares were traded at around $8.10 with a P/E ratio of 35.46 and P/S ratio of 0.37. The dividend yield of Alcoa Inc. stocks is 1.48%.
On April 8, Alcoa Inc. reported net income of $149 million, or $0.13 per share, in first quarter 2013. Net income excluding special items was $121 million, or $0.11 per share. First quarter 2013 net income compares to $242 million, or $0.21 per share, in fourth quarter 2012 and $94 million, or $0.09 per share, in first quarter 2012. First quarter 2013 net income excluding special items compares to $64 million, or $0.06 per share, in fourth quarter 2012, and $105 million, or $0.10 per share, in first quarter 2012.
Last week, Director Ratan Tata and Director Martin Sorrell bought shares of AA stock.
VeriFone Systems Inc. (PAY): Director Jeffrey E. Stiefler Bought 27,900 Shares
Director of VeriFone Systems Inc., Jeffrey E. Stiefler, bought 27,900 shares on 7/10/2013 at an average price of $17.76. VeriFone Systems Inc. formerly known as VeriFone Holdings Inc. was incorporated in the state of Delaware on June 13, 2002 in order to acquire VeriFone Inc. VeriFone Systems Inc. has a market cap of $1.91 billion; its shares were traded at around $17.76 with a P/E ratio of 106.38 and P/S ratio of 1.06.
On June 5, VeriFone Systems Inc. announced financial results for the three months ended April 30, 2013 (second quarter of fiscal year 2013). Non-GAAP net revenues for second quarter fiscal 2013 were $430 million, compared to $479 million a year ago, a 10% decrease. GAAP net revenues were $426 million, compared to $472 million a year ago, a 10% decrease. Non-GAAP net income per diluted share was $0.42, compared to $0.64 a year ago, a 34% decrease. GAAP net loss per diluted share was $0.54, compared to net profit of $0.03 a year ago. The table below provides additional summary non-GAAP and GAAP financial information and comparisons.
Last week, Director Jeffrey E. Stiefler bought 27,900 shares of PAY stock. Director Robert W. Alspaugh and Director Alex W. Hart bought shares in June.
BreitBurn Energy Partners LP (BBEP): Director John R. Butler Jr. Bought 1,535 Shares
Director of BreitBurn Energy Partners LP, John R. Butler Jr., bought 1,535 shares on 7/08/2013 at an average price of $17.97. BreitBurn Energy Partners LP was formed in Delaware on March 23, 2006. BreitBurn Energy Partners LP has a market cap of $1.76 billion; its shares were traded at around $17.97 with a P/E ratio of 33.50 and P/S ratio of 3.12. The dividend yield of BreitBurn Energy Partners LP stocks is 10.41%.
BreitBurn Energy Partners LP recently announced financial and operating results for its first quarter of 2013. Results included increased total net production to a quarterly record high of 2.35 MMBoe, which represented an 18% increase from the first quarter of 2012, and increased net liquids production to a quarterly record high of 1.21 MMBoe, or 51% of total net production, which represented a 40% increase from the first quarter of 2012.
This month, CEO Halbert S. Washburn, CFO and Executive VP James G. Jackson, Director John R. Butler Jr., and Chief Admin Officer Gregory C. Brown bought shares of BBEP stock. Director Gregory J. Moroney sold 10,000 shares in March.
Investors Real Estate Trust (IRET): Director Jeffrey K. Woodbury Bought 2,000 Shares
Director of Investors Real Estate Trust, Jeffrey K. Woodbury, bought 2,000 shares on 7/11/2013 at an average price of $8.99. Investors Real Estate Trust is a self-advised equity Real Estate Investment Trust (REIT) organized under the laws of North Dakota. Investors Real Estate Trust has a market cap of $922.373 million; its shares were traded at around $8.99 with a P/E ratio of 81.97 and P/S ratio of 3.97. The dividend yield of Investors Real Estate Trust stocks is 5.78%. Investors Real Estate Trust had an annual average earnings growth of 3.5% over the past 10 years.
On July 1, Investors Real Estate Trust reported financial and operating results today for the quarter and fiscal year ended April 30, 2013. For the three month period ended April 30, revenues increased to $67.0 million from $59.9 million. Total expenses increased by approximately $7.2 million, or 18.2%, in the three months ended April 30, 2013 compared to the three months ended April 30, 2012, from $39.5 million to $46.7 million.
This month, Director Jeffrey K. Woodbury, Director John D. Stewart, Director W. David Scott, SVP Commercial Asset Management Charles A. Greenberg, and SVP Finance Ted E. Holmes bought shares of IRET stock. EVP and CFO Diane K. Bryantt bought 1,965 shares in April.