Weekly Highlight of Top Insider Buys: CVS Caremark Corp., eBay Inc., Illinois Tools Works, FPL Group Inc., and Spring Nextel Corp

Weekly Highlight of Top Insider Buys: CVS, EBAY, ITW, FPL, S

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Feb 22, 2010
Weekly highlight of top insider buys: CVS Caremark Corp. (CVS, Financial), eBay Inc. (EBAY, Financial), Illinois Tools Works (ITW, Financial), FPL Group Inc. (FPL, Financial), and Sprint Nextel Corp. (S, Financial).


CVS Caremark Corp. (CVS): President, Caremark Pharm Serv Per Gh Lofberg Bought 147,000 Shares


President, Caremark Pharm Serv of CVS Caremark Corp. (CVS) Per Gh Lofberg bought 147,000 shares on 2/17/10 at an average price of $34.31.


CVS/Caremark is a pharmacy services provider, combining one of the nation's pharmaceutical services companies with the country's largest pharmacy chain. Cvs Caremark Corp. has a market cap of $48.4 billion; its shares were traded at around $34.31 with a P/E ratio of 13 and P/S ratio of 0.5. The dividend yield of Cvs Caremark Corp. stocks is 1%. Cvs Caremark Corp. had an annual average earning growth of 10.5% over the past 10 years. GuruFocus rated Cvs Caremark Corp. the business predictability rank of 4-star.


On February 8, CVS Caremark Corp. reported results for the year and quarter ended 2009. Net revenues for the fourth quarter of 2009, increased $1.7 billion to $25.8 billion, up from $24.1 billion in the fourth quarter of 2008. For fiscal year 2009, total revenue increased 12.9% to a record $98.7 billion, compared to $87.5 billion in fiscal year 2008.


CVS Caremark Corp. is in the portfolios of nine Gurus: Steve Mandel, Richard Perry, Kenneth Fisher, George Soros, Ruane Cunniff, Andreas Halvorsen, NWQ Managers, Chris Davis, and Lee Ainslie.


Buy:: CEO & President Thomas M Ryan bought 17,000 shares of CVS stock in November and Sell:: CFO David B Rickard sold 80,000 shares of CVS stock on 12/14/2009 at the average price of 32.37, the price of the stock has increased by 5.99% since. Last week


eBay Inc. (EBAY): Director Marc L Andreessen Bought 5,400 Shares


Director of eBay Inc., Marc L Andreessen, bought 5,400 shares on 2/18/2010 at an average price of $23.42.


eBay is one of the world's largest online trading communities. Ebay Inc. has a market cap of $30.28 billion; its shares were traded at around $23.42 with a P/E ratio of 18.1 and P/S ratio of 3.4. Ebay Inc. had an annual average earning growth of 29% over the past 5 years.


On January 20, eBay Inc. reported results for the fourth quarter of 2009.. Excluding Skype from the fourth quarter of 2008 and the fourth quarter of 2009, revenue growth would have been 19%. The company recorded net income on a GAAP basis of $1.4 billion or $1.02 per diluted share, and non-GAAP net income of $585.8 million or $0.44 per diluted share for the fourth quarter of 2009.


eBay Inc. is in the portfolios of 13 Gurus: Steve Mandel, Ron Baorn, Richard Snow, John Hussman, Michael Price, Ruane Cunniff, Bill Nygren, PRIMECAP Management, Dodge & Cox, Donald Yacktman, Brian Rogers, Charles Brandes, and Hotchkis & Wiley.


Last week Buy:: Director Marc L Andreessen bought 5,400 shares of EBAY stock. In January, Sell:: SVP, Legal Affairs, GC & Sec Michael R Jacobson and Sell:: Director Dawn G Lepore soldshares; Sell:: SVP, Legal Affairs, GC & Sec Michael R Jacobson sold 125,000 shares in December and Sell:: Director Scott D Cook sold 120,000 shares of EBAY stock in November.


Illinois Tool Works Inc. (ITW): Director Susan Crown Bought 10,000 Shares


Director of Illinois Tool Works Inc., Susan Crown, bought 10,000 shares on 2/16/10 at an average price of $46.76.


Illinois Tool Works Inc. has a market cap of $23.42 billion; its shares were traded at around $46.76 with a P/E ratio of 25.7 and P/S ratio of 1.6. The dividend yield of Illinois Tool Works Inc. stocks is 2.7%. Illinois Tool Works Inc. had an annual average earning growth of 9.2% over the past 10 years. GuruFocus rated Illinois Tool Works Inc. the business predictability rank of 2.5-star.


On November 16, Illinois Tool Works Inc. reported an operating revenue decrease of 18 percent for the three months ended October 31, 2009. The revenue decline for the three months consisted of a 17 percent decrease in base revenues and a 4 percent decline in contributions from currency translation. Acquisitions contributed 3 percent to revenues in the three month period. For the most recent three month period, base revenues improved modestly compared to the 2009 third quarter results mainly due to ongoing improvements in discrete end markets such as automotive and construction.



Illinois Tool Works Inc. is in the portfolio of five Gurus: Tom Gayner, Bill Nygren, Brian Rogers, Ruane Cunniff, and John Rogers.


Buy:: Director Susan Crown bought shares last week; Sell:: Director Robert C Mccormack and Sell:: Director Harold B Smith sold shares this month. Sell:: Director David Byron Jr Smith sold 200,000 shares in February.


FPL Group Inc. (FPL): Director Hyatt J Brown Bought 10,000 Shares


Director of FPL Group Inc., Hyatt J Brown, bought 10,000 shares on 2/18/10 at an average price of $46.88.


FPL Group, Inc. is a public utility holding company. FPL Group Inc. has a market cap of $19.38 billion; its shares were traded at around $46.88 with a P/E ratio of 11.6 and P/S ratio of 1.2. The dividend yield of FPL Group Inc. stocks is 4.1%. FPL Group Inc. had an annual average earning growth of 3.3% over the past 10 years. GuruFocus rated FPL Group Inc. the business predictability rank of 3-star.


On January 26, FPL Group reported 2009 fourth-quarter net income on a GAAP basis of $349 million, or $0.85 per share, compared with $408 million, or $1.01 per share, in the fourth quarter of 2008. On an adjusted basis, FPL Group’s earnings were $323 million, or $0.79 per share, for the fourth quarter of 2009 compared with $361 million, or $0.90 per share, in the fourth quarter of 2008. Adjusted earnings exclude the mark-to-market effects of non-qualifying hedges and net other than temporary impairments (OTTI) on certain investments, both of which relate to NextEra Energy Resources.


FPL Group Inc. is in the portfolios of six Gurus: Kenneth Fisher, PRIMECAP Management, Robert Bruce, Hotchkis & Wiley, Dodge & Cox, and George Soros.


Last week, Buy:: Director Hyatt J Brown bought 10,000 shares of FPL stock. Sell:: Ex VP Chf Strat,Pol & Bus Proc Christopher A Bennett sold 4,000 shares in December; Sell:: Director of Sub James L Robo and Sell:: Director Sherry S Barrat sold shares in November while Sell:: Ex VP-Nuclear Division of Sub John A Stall sold 15,000 shares in September.


Sprint Nextel Corp. (S): CFO Robert H Brust Bought 3,075 Shares


CFO of Sprint Nextel Corp. Series 1, Robert H Brust, bought 3,075 shares on 2/17/10 at an average price of $3.49.


Sprint Nextel offers a comprehensive range of wireless and wireline communications services to consumer, business and government customers. Sprint Nextel Corp. Series 1 has a market cap of $10.04 billion; its shares were traded at around $3.49 with and P/S ratio of 0.3.


On February 10, Sprint Nextel Corp. reported fourth quarter and full-year 2009 financial results. The company generated $666 million of Free Cash Flow* in the quarter, and $2.8 billion for full-year 2009, the highest annual Free Cash Flow* since the Sprint Nextel merger. As of December 31, 2009, Sprint had more than $3.9 billion in cash, cash equivalents and short-term investments and $2.7 billion in borrowing capacity available under its revolving bank credit facility, for a total liquidity of $6.6 billion.


Sprint Nextel Corp. Series 1 is in the portfolios of eight Gurus: John Paulson, PRIMECAP Management, Dodge & Cox, Brian Rogers, Jean-Marie Eveillard, Private Capital, Kenneth Fisher, and George Soros.


Last week, Buy:: CFO Robert H Brust bought 3,075 shares of S stock. Sell:: President-Prepaid Daniel H Schulman also bought shares.


Sell:: President-4G Matthew Carter Jr sold 7,529 shares this month.


For the complete list of stocks that bought by their company executives, go to: Insider Buys.