GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Weekly Top Insider Buys: Philip Morris International inc., Freeport-McMoRan Copper & Gold, Marathon Petroleum Corp., KeyCorp, and Avon Products Inc.

August 10, 2013
According to GuruFocus Insider Data, these are the largest insider buys during the past week: Philip Morris International Inc. (PM), Freeport-McMoRan Copper & Gold (FCX), Marathon Petroleum Corp. (MPC), KeyCorp (KEY), and Avon Products Inc. (AVP).

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



Philip Morris International Inc. (PM): Director Graham Mackay Bought 124,825 Shares



Director of Philip Morris International Graham Mackay bought 124,825 shares during the past week at an average price of $88.70. Philip Morris International Inc. is a Virginia holding company first incorporated in 1987. Philip Morris International Inc. has a market cap of $143.57 billion; its shares were traded at around $88.70 with a P/E ratio of 17.15 and P/S ratio of 1.90. The dividend yield of Philip Morris International stocks is 3.83%. Philip Morris International, Inc. had an annual average earnings growth of 14.5% over the past 5 years.

On July 18, Philip Morris International Inc. announced its 2013 second-quarter results. Reported diluted earnings per share were $1.30, down by $0.06 or 4.4% versus $1.36 in 2012. Reported net revenues, excluding excise taxes, were $7.9 billion, down by 2.5%. Reported operating income was $3.3 billion, down by 7.5%

Last week, Director Graham Mackay bought 1,325 shares of PM stock. Director or Senior Officer of Insider or Subsidiar Charles Jr. Wallace and Director Robert Polet bought shares in July. Chairman and CEO Louis C Camilleri sold 55,000 shares in February.

Freeport-McMoRan Copper & Gold (FCX): Director Gerald J Ford Bought 1,000,000 Shares



Director of Freeport-McMoRan Copper & Gold, Gerald J Ford, bought 1,000,000 shares on Aug. 2 at an average price of $31.61. Freeport-McMoRan Copper & Gold has a market cap of $30.02 billion; its shares were traded at around $31.61 with a P/E ratio of 10.31 and P/S ratio of 1.68. The dividend yield of Freeport-McMoRan Copper & Gold stocks is 3.95%.

On July 23, Freeport-McMoRan Copper & Gold reported net income attributable to common stock of $482 million, $0.49 per share, for second-quarter 2013 and $1.1 billion, $1.17 per share, for the first six months of 2013, compared with $710 million, $0.74 per share, for second-quarter 2012 and $1.5 billion, $1.55 per share, for the first six months of 2012.

This month, Director Gerald J Ford and Director Bobby Lee Lackey bought shares of FCX stock. Chairman of the Board James R Moffett and Vice Chairman of the Board James C Flores bought shares in July, and Vice Chairman of the Board James C Flores bought 1,100,000 shares in June.

Marathon Petroleum Corp (MPC): Director James Rohr Bought 6,300 Shares



Director of Marathon Petroleum James E Rohr bought 6,300 shares on Aug. 5 at an average price of $73.24. Marathon Petroleum Corp is incorporated in the state of Ohio. Marathon Petroleum Corp has a market cap of $23.79 billion; its shares were traded at around $73.24 with a P/E ratio of 7.03 and P/S ratio of 0.29. The dividend yield of Marathon Petroleum Corp stocks is 1.91%.

On August 1, Marathon Petroleum Corporation reported second-quarter earnings of $593 million, or $1.83 per diluted share, compared with $814 million, or $2.38 per diluted share, in the second quarter of 2012. For the second quarter of 2013, earnings adjusted for special items were $632 million, or $1.95 per diluted share, compared with earnings adjusted for special items of $867 million, or $2.53 per diluted share, for the second quarter of 2012.

Last week, Director Thomas L Ryan bought 8,000 shares of CHK stock. Director Frederic M Poses bought 152,632 shares in June and Director Louis Raspino bought 25,000 shares in May.

KeyCorp (KEY): CFO Donald R Kimble Bought 17,000 Shares



CFO of KeyCorp, Donald R Kimble, bought 17,000 shares on Aug. 9 at an average price of $12.23. KeyCorp was organized in 1958 under the laws of the State of Ohio. Keycorp has a market cap of $11.15 billion; its shares were traded at around $12.23 with a P/E ratio of 13.76 and P/S ratio of 2.67. The dividend yield of Keycorp stocks is 1.68%.

On July 18, KeyCorp announced second quarter net income from continuing operations attributable to Key common shareholders of $193 million, or $.21 per common share, compared to $196 million, or $.21 per common share for the first quarter of 2013, and $217 million, or $.23 per common share for the second quarter of 2012. During the second quarter, Key incurred $37 million, or $.03 per common share of costs associated with its previously announced efficiency initiative.

Last week, CFO Donald R Kimble bought 17,000 shares of KEY stock. Chief Human Resources Officer Craig A Buffie bought 200 shares and CFO Jeffrey B Weeden sold 276,000 shares in May. Director Michael Bruce Cook Davies, sold 3,000 shares in February.

Avon Products Inc. (AVP): Senior Vice President Pablo Munoz Bought 12,000 Shares



Senior Vice President of Avon Products Pablo Munoz, bought 12,000 shares on Aug. 7 at an average price of $21.99. Avon Products Inc. has a market cap of $9.53 billion; its shares were traded at around $21.99 with a P/E ratio of 79.30 and P/S ratio of 0.90. The dividend yield of Avon Products Inc. stocks is 1.87%.

On August 1, Avon Products Inc. reported second-quarter 2013 results. Total revenue of $2.5 billion decreased 2%, but increased 2% in constant dollars. Avon Beauty sales declined 4%, or were relatively unchanged in constant dollars. Fashion & Home sales were up 2%, or 5% in constant dollars. Operating profit was $202 million and operating margin was 8.1% in the quarter.

Last week, Senior Vice President Pablo Munoz bought 12,000 shares of AVP stock. Director Charles H Noski bought 1,000 shares in March. Director W Don Cornwell sold 200 shares last week, and Senior Vice President Donagh Herlihy sold 50,000 shares in February.



About the author:

guruek
StreetAuthority, LLC is a research-intensive financial publishing firm that aims to level the playing field for small investors by giving them access to the ideas and insights of some of the country's top investment researchers, analysts and writers. Although we specialize in income and international investment research, we publish a wide variety of newsletters that are geared towards helping EVERY kind of investor profit from today's volatile marketplace. Visit StreetAuthority.

Visit guruek's Website


Rating: 3.8/5 (4 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Email Hide