The largest Insider Buys this week were for Mastercard Inc. (MA, Financial), General Electric Co. (GE, Financial), Williams Companies Inc. (WMB, Financial), and International Business Machines Corp. (IBM, Financial).
Mastercard Inc. (MA, Financial): Director Richard K. Davis bought 2,475 shares
Director Richard K. Davis bought 2,475 shares of MA stock on Nov. 2 at the average price of $196.37. The price of the stock has increased by 4.71% since.
Mastercard Inc. is an American international financial services company. The company focuses on processing payments between the banks of merchants and the card issuing banks or credit unions of the purchasers who use the Mastercard brand debit, credit, and prepaid services. The company has a market capitalization of $211.73 billion, and as of Nov. 9 it traded at $205.62.
On Oct. 30 Mastercard Inc. reported third quarter 2018 fiscal results. Net revenue for the quarter was $3.9 billion, compared to $3.4 billion during the same quarter prior year. Operating income for the quarter was $2.3 billion, compared to $1.9 billion during the same quarter prior year. Net income for the quarter was $1.9 billion, compared to $1.4 billion during the same quarter prior year.
General Electric Co. (GE, Financial): Senior Vice President Alexander Dimitrief bought 10,000 shares
Senior Vice President Alexander Dimitrief bought 10,000 shares of GE stock on Nov. 6 at the average price of $9.48. The price of the stock has decreased by 9.49% since.
General Electric Co. is an American international conglomerate corporation and operates through multiple segments, including Power & Water, Oil and Gas, Aviation, Healthcare, and Transportation. The company was ranked among the Fortune 500 as the 4th largest firm in the United States in 2017. The company has a market capitalization of $75.45 billion, and as of Nov. 9 it traded at $8.58.
On Nov. 6 General Electric Co. announced that it has signed a proposed agreement to sell Current, powered by General Electric Co., to American Industrial Partners, a New York based private equity firm. The proposed transaction is expected to close in early 2019. Financial details were not disclosed.
Williams Companies Inc. (WMB, Financial): Director Michael A. Creel bought 25,000 shares
Director Michael A. Creel bought 25,000 shares of WMB stock on Nov. 2 at the average price of $25.77. The price of the stock has decreased by 1.71% since.
Williams Companies Inc. is an American Fortune 500 energy company. Its core business lies in natural gas processing and transportation, with additional petroleum and electricity generation assets. The company owns and operates midstream gathering and processing assets, concentrated around of the Gulf of Mexico. The company has a market capitalization of $30.66 billion, and as of Nov. 9 it traded at $25.33.
On Nov. 8 Williams Companies Inc. announced that its Board of Directors has approved a regular quarterly dividend of $0.34 per share, or $1.36 annualized, on the company’s common stock. The dividend will be payable on Dec. 31, 2018, to stockholders of record at the close of business on Dec. 14, 2018. This amount represents a 13.33% increase from the company’s fourth quarter 2017 quarterly dividend.
International Business Machines Corp. (IBM, Financial): Chairman, President and CEO Virginia M. Rometty bought 8,500 shares
Chairman, Pres. and CEO Virginia M. Rometty bought 8,500 shares of IBM stock on Nov. 2 at the average price of $117.51. The price of the stock has increased by 5.13% since.
International Business Machines Corp. is an American international technology company that manufactures and markets computer hardware, middleware, and software. The company also offers hosting and consulting services in areas such as mainframe computers and nanotechnology. The company has operations in over 170 countries. The company has a market capitalization of $113.6 billion, and as of Nov. 9 it traded at $123.54.
On Oct. 30 International Business Machines Corp. announced that its Board of Directors has declared a regular quarterly cash dividend of $1.57 per common share. The dividend is payable on Dec. 10, 2018, to stockholders of record at the close of business on Nov. 9, 2018.
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.
