The largest Insider Buys this week were for AT&T Inc. (T, Financial), Celgene Corp. (CELG, Financial), Delta Air Lines Inc. (DAL, Financial) and Aon PLC. (AON, Financial).
AT&T Inc. (T, Financial): Director Richard W. Fisher bought 2,600 shares
Director Richard W. Fisher bought 2,600 shares of T stock on Feb. 5 at the average price of $38.10. The price of the stock has decreased by 5.38% since.
AT&T Inc. an American multinational telecommunications conglomerate that is the second largest provider of mobile telephone services and the largest provider of fixed telephone services in the United States. It also provides broadband subscription television services through DirecTV. The company is headquartered at Whitacre Tower in downtown Dallas, Texas. The company has a market capitalization of $221.31 billion, and as of Feb. 9 it traded at $36.05.
On Feb. 9 AT&T Inc. announced that it has closed its acquisition of FiberTower Corporation, giving it millimeter wave spectrum that will be operational later this year to begin the rollout of mobile 5G services. The company paid $207 million to acquire FiberTower and will receive a significant footprint in the 39 GHz band, with average holdings of more than 375 MHz in the top 100 markets.
Celgene Corp. (CELG, Financial): Mark J. Alles bought 3,260 shares
Mark J. Alles bought 3,260 shares of CELG stock on Feb. 8 at the average price of $91.90. The price of the stock has increased by 0.66% since.
Celgene Corp. is an American biotechnology company that researches, develops, and commercializes treatments relating to cancer and inflammatory disorders. The company’s major product is Revlimid, which in combination with dexamethasone treats multiple myeloma in patients. Revlimid is sold through proprietary risk management distribution programs to ensure safe and appropriate use. The company has a market capitalization of $69.58 billion, and as of Feb. 9 it traded at $92.51.
On Feb. 9 Celgene Corp. announced the successful pricing of four series of senior unsecured notes for an aggregate principal amount of $4.5 billion. Of these notes, $500 million will mature in 2021 and will bear interest at an annual rate of 2.875%, while $1.0 billion will mature in 2023 and bear interest at an annual rate of 3.25%. The net proceeds from the offering will be used to finance a portion of the acquisition of Juno Therapeutics Inc. and to pay fees and expenses associated with the offering.
Delta Air Lines Inc. (DAL, Financial): Director George N. Mattson bought 10,000 shares
Director George N. Mattson bought 10,000 shares of DAL stock on Feb. 8 at the average price of $51.89. The price of the stock has decreased by 2.76% since.
Delta Air Lines Inc. is a major American airline, operating over 5,400 flights daily. The company serves an extensive domestic and international network, including 319 destinations in 54 countries on six continents. The company is also one of the four founding members of the SkyTeam airline alliance, operating joint ventures with other airlines such as China Eastern Airlines, Virgin Atlantic, Air France-KLM, and Korean Air. The company has a market capitalization of $35.98 billion, and as of Feb. 9 it traded at $50.46.
On Jan. 11, Delta Air Lines Inc. reported fourth quarter and full year 2017 financial results. GAAP pre-tax income was $1.1 billion for the quarter, while net income and $572 million and earnings per diluted were $0.80. GAAP pre-tax income for the full year 2017 was $5.7 billion and adjusted pre-tax income was $5.5 billion, resulting in $1.1 billion profit sharing for the company.
Aon PLC. (AON, Financial): Director Lester B. Knight bought 60,000 shares
Director Lester B. Knight bought 60,000 shares of AON stock on Feb. 6 at the average price of $138.42. The price of the stock has decreased by 0.37% since.
Aon PLC. is a British international professional services firm that provides risk, retirement, and health consulting. The company has approximately 500 offices worldwide, serving 120 countries and hiring more than 50,000 employees. The company has a market capitalization of $34.46 billion, and as of Feb. 9 it traded at $137.91.
On Feb. 2 Aon PLC. announced fourth quarter and full year 2017 results. Reported revenue increased 10% to $2.9 billion with organic revenue growth of 6%. Operating margins decreased to 16.8%, 27.5% adjusted. The company spent approximately $500 million to repurchase 3.5 million Class A Ordinary Shares. The company also closed its acquisition of the Townsend Group, a global real estate and investment management firm.
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.
