The largest insider buys this week were Eli Lilly and Co. (LLY, Financial), United Continental Holdings Inc. (UAL, Financial), DISH Network Corp. (DISH, Financial) and JM Smucker Co. (SJM, Financial).
Eli Lilly insider bought 10,000 shares
Senior Vice President, Chief Strategy Officer and President Daniel Skovronsky bought 10,000 shares of Eli Lilly on June 14 at the average price of $86.22 per share. The price of the stock has increased by 0.77% since then.
Eli Lilly is an American international pharmaceutical company with offices in 18 countries and products sold in more than 120 countries. The company is known for being the first to mass produce the polio vaccine and the first to produce human insulin. The company has a market capitalization of $94.3 billion and, as of June 15, traded at $86.88.
On June 12, Eli Lilly announced it is discontinuing the global phase three clinical trials of lanabecestat, an oral beta secretase cleaving enzyme inhibitor for the treatment of Alzheimer’s disease. The decision was reached based on advice by an independent data monitoring committee that lanabecestat is unlikely to meet primary endpoints.
United Continental director bought 25,000 shares
Director Edward Shapiro bought 25,000 shares of United on June 8 at the average price of $69.15 per share. The stock price has increased by 6.85% since then.
United Continental is an airline holding company that operates and owns United Airlines. It is the world’s largest airline as measured by revenue passenger miles. The company has major operations in key airports across the United States, including at the Chicago-O’Hare, Denver, Los Angeles, San Francisco, and Washington-Dulles airports. The company has a market capitalization of $20.49 billion and, as of June 15, traded at $73.89.
On June 13, United Continental announced a $1 million grant to the Houston Food Bank to support their School Market program. The program was expanded to assist children attending schools affected by Hurricane Harvey. The company’s investment will provide food to students at 25 schools, each serving an average of 200 households per year.
DISH Network executive vice president bought 5,000 shares
Executive Vice President James Defranco bought 5,000 shares of DISH on June 11 at the average price of $32.09 per share. Since then, the stock price increased by 7.85%.
DISH Network is an American satellite and television company that focuses on direct-broadcast satellite services. The company provides satellite television, audio programming and interactive television services to both commercial and residential customers. The company has a market capitalization of $16.18 billion and, as of June 15, traded at $34.61.
On May 8, DISH Network reported first-quarter 2018 results. Revenue for the quarter was $3.46 billion, compared to $3.68 billion during the same period in 2017. Subscriber-related revenue for the quarter was $3.42 billion, compared to $3.64 billion in the prior-year quarter. Net income for the quarter was $368 million, compared to net income of $376 million from the year-ago quarter.
JM Smucker chairman bought 5,000 shares
Chairman Emeritus Timothy P. Smucker bought 5,000 shares of Smucker on June 13 at the average price of $106.09 per share. The stock price has decreased by 0.34% since then.
JM Smucker 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 capitalization of $12.01 billion and, as of June 15, traded at $105.73.
On June 7, JM Smucker reported results for the fourth quarter of fiscal 2018. Net income per diluted share was $1.64 for the quarter, while adjusted earnings per share were $1.93 per share, an increase of 7%. Net income per diluted share for the full year was $11.78, while adjusted earnings per share for the year were $7.96. Free cash flow was $202.8 million for the quarter and $896.1 million for the full year.
For the complete list of stocks that were bought by company executives, go to Insider Trades.
Disclosure: I do not own stock in any of the companies mentioned in the article.
