The largest Insider Buys this week were for Charter Communications Inc. (CHTR, Financial), Walgreens Boots Alliance Inc. (WBA, Financial), Illinois Tool Works Inc. (ITW, Financial), and Marsh & McLennan Companies Inc. (MMC, Financial).
Charter Communications Inc. (CHTR, Financial): CFO Christopher L. Winfrey bought 3,100 shares
CFO Christopher L. Winfrey bought 3,100 shares of CHTR stock on Oct. 30 at the average price of $323.61. The price of the stock has increased by 3.65% since.
Charter Communications Inc. is an American telecommunications company that offers its services to consumers and businesses under the brand Spectrum. The company provides services to over 25 million customers in 41 states and is the second largest cable operator in the United States by subscribers, behind Comcast. The company is also the third largest pay TV operator behind Comcast and DirecTv. The company has a market cap of $83.39 billion, and as of Nov. 3 it traded at $335.43.
On Oct. 26 Charter Communications Inc. reported its third quarter 2017 results. Third quarter total customer relationships increased 212,000, compared to 275,000 during the third quarter of 2016. Revenues grew 4.2% to $10.5 billion compared to the prior year period and net income attributable to shareholders declined to $48 million from $189 million during the same period last year.
Walgreens Boots Alliance Inc. (WBA, Financial): Director John Anthony Lederer bought 20,000 shares
Director John Anthony Lederer bought 20,000 shares of WBA stock on Oct. 26 at the average price of $67. The price of the stock has decreased by 0.19% since.
Walgreens Boots Alliance Inc. is an American holding company that owns Walgreens, Boots, and other pharmaceutical manufacturing, wholesale, and distribution companies. The company is organized into three divisions: Retail Pharmacy USA, known as Walgreens, Retail Pharmacy International, known as Boots, and Pharmaceutical Wholesale. The company has a market cap of $67.51 billion, and as of Nov. 3 it traded at $66.87.
On Oct. 25 Walgreens Boots Alliance Inc. reported fourth quarter and fiscal 2017 results. The company reported GAAP diluted net earnings per share of $0.76 for the fourth quarter, down 20% from the same quarter previous year, primarily due to merger termination fees with Rite Aid. Sales increased 5.3% to $30.1 billion for the fourth quarter, an increase of 6.4% on a constant currency basis.
Illinois Tool Works Inc. (ITW, Financial): Sr. VP, General Counsel & Secretary Norman D. Jr. Finch bought 4,986 shares
Sr. VP, General Counsel & Secretary Norman D. Jr. Finch bought 4,986 shares of ITW stock on Oct. 25 at the average price of $156.34. The price of the stock has increased by 0.61% since.
Illinois Tool Works Inc. is an American international manufacturing company that produces engineered fasteners and components, equipment and consumable systems, and specialty products. The Fortune 200 company employs more than 50,000 people and had revenues totaling $13.6 billion in 2016. The company has a market cap of $53.89 billion, and as of Nov. 3 it traded at $157.30.
On Oct. 27 the Board of Directors of Illinois Tool Works Inc. declared a dividend on the company’s common stock for $0.78 per share for the fourth quarter of 2017. The dividend equates to $3.12 per share on a full-year basis. The dividend is payable on Jan. 10, 2018, to shareholders of record at the close of business on Dec. 29, 2017.
Marsh & McLennan Companies Inc. (MMC, Financial): Director Marc D. Oken bought 1,235 shares
Director Marc D. Oken bought 1,235 shares of MMC stock on Oct. 30 at the average price of $80.89. The price of the stock has increased by 1.84% since.
Marsh & McLennan Companies Inc. is an American international professional services firm that provides services in insurance brokerage, risk management, reinsurance services, talent management, and management consulting. The company’s four main operating companies are Marsh, Mercer, Oliver Wyman Group, and Guy Carpenter. The company also ranked number 210 on the 2017 Fortune 500 rankings. The company has a market cap of $42.04 billion, and as of Nov. 3 it traded at $82.38.
On Oct. 26 Marsh & McLennan Companies Inc. reported financial results for the third quarter of fiscal 2017. Total revenue grew 7% and underlying revenue grew 3% compared to the same period prior year. Furthermore, GAAP earnings per share rose 4% to $0.76 and adjusted earnings per share rose 14% to $0.79 compared to the same period prior year.
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.
