The largest Insider buys this week were for Salesforce.com Inc. (CRM, Financial), Target Corp (TGT, Financial), JM Smucker Co. (SJM, Financial) and Coty Inc. (COTY, Financial).
Salesforce.com Inc. (CRM, Financial): Director Susan Wojcicki bought 1,224 shares
Director Susan Wojcicki bought 1,224 shares of Salesforce.com stock on March 6 at the average price of $81.68. The price of the stock has increased by 2.24% since.
Director John Victor Roos sold 194 shares of CRM stock on March 9 at the average price of $83.19. The price of the stock has increased by 0.38% since.
Salesforce.com is an American-based company that specializes in cloud computing. It is headquartered in San Francisco. Most of its revenue comes from customer relationship management products. However, Salesforce also utilizes commercial applications of social networking through acquisition to gain additional revenue. The company has a market cap of $57.71 billion and as of March 10, it traded at $83.51.
On March 6, Salesforce.com Inc. announced a global strategic partnership with IBM to deliver joint solutions designed to leverage artificial intelligence to enable companies to make smarter and faster decisions. The partnership promises to seamlessly connect the platforms and services of the two companies to provide a new level of intelligent customer engagement across services such as sales, service, and marketing.
Target Corp. (TGT, Financial): Director Donald R. Knauss bought 10,000 shares
Director Donald R. Knauss bought 10,000 shares of Target stock on March 9 at the average price of $54.86. The price of the stock has increased by 0.91% since.
Executive Officer Don H. Liu bought 2,000 shares of Target stock on March 6 at the average price of $57. The price of the stock has decreased by 2.88% since.
Target Corp. is an American international discount store retailer. It is the second largest discount store retailer in the U.S. behind Walmart. As of 2016, the company operates 1,803 stores in the U.S. and has 341,000 employees. The company has a market cap of $30.60 billion, and as of March 10 it traded at $55.36.
On Feb. 28, Target Corp. announced released its fourth quarter and full year 2016 earnings. Fourth quarter comparable sales decreased 1.5% compared to the guidance range of 1.5% to 1.0% and fourth quarter comparable digital channel sales increased 34%. Overall, the company’s full-year adjusted EPS increased 6.7% to a total of $5.01.
JM Smucker Co. (SJM, Financial): Director Jay L. Henderson bought 3,000 shares
Director Jay L. Henderson bought 3,000 shares of JM Smucker stock on March 7 at the average price of $139.87. The price of the stock has decreased by 0.27% since.
JM Smucker Co. is an American manufacturer of fruit spreads, ice cream toppings, beverages, shortening, peanut butter and other food products. The company owns the subsidiary Big Heart Pet Brands. Some of the company’s most notable brands include Crisco, Dunkin’ Donuts Coffee, Smucker’s and Folgers. The company has a market cap of $16.24 billion and as of March 10 it traded at $139.49.
On Feb. 17, JM Smucker Co. announced its results for the third quarter ended Jan. 31 of its 2017 fiscal year. Net sales of the company decreased by 5% from the third quarter of the prior fiscal year, while net income per diluted share was $1.16, compared to $1.15 in the prior year. Adjusted earnings per share was $2.00 compared to $2.05 in the prior year, while adjusted earnings per share increased by 5% if the gain on the divestiture in the prior year is excluded.
Coty Inc. (COTY, Financial): Chief Human Resources Officer Sebastien Froidefond bought 32,300 shares
Chief Human Resources Officer Sebastien Froidefond bought 32,300 shares of Coty stock on March 3 at the average price of $18.5. The price of the stock has increased by 3.24% since.
Coty Inc. is an American headquartered beauty products manufacturer. The company’s main products include fragrances, color cosmetics, and skin and body care products. The company owns the major brands of Calvin Klein, Chloie, Davaidoff, Marc Jacobs, Philosophy, Adidas, Playboy and Rimmel London. The company has a market cap of $14.27 billion and as of March 10 it traded at $19.10.
On Feb. 1, Coty Inc. announced that it has completed the acquisition of a 60% stake in Younique, a leading online peer-to-peer selling platform specializing in beauty products. In the new partnership, Younique’s founders continue to own the remaining 40%. Younique will operate as a separate business within Coty’s Consumer Beauty Division.
For the complete list of stocks that were bought by their company executives, go to: Insider Trades.
Disclosure: I do not own stock in any of the companies mentioned in the article.
