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Weekly Top Insider Buys: WalMart Stores Inc., CIT Group, KeyCorp, Petrohawk Energy Corp., and International Game Technology

March 28, 2010 | About:
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Weekly highlight of top insider buys: WalMart Stores Inc. (WMT), CIT Group (CIT), KeyCorp (KEY), Petrohawk Energy Corp. (HK), and International Game Technology (IGT).

WalMart Stores Inc. (WMT): Director James Breyer Bought 5,000 Shares

Director of WalMart Stores Inc., James Breyer, bought 5,000 shares on 3/18/10 at an average price of $55.51

Wal-Mart Stores, Inc. is the world's largest retailer. Walmart Stores Inc. has a market cap of $211.5 billion; its shares were traded at around $55.51 with a P/E ratio of 15.2 and P/S ratio of 0.5. The dividend yield of Walmart Stores Inc. stocks is 2.2%. Walmart Stores Inc. had an annual average earning growth of 10.3% over the past 10 years. GuruFocus rated Walmart Stores Inc. the business predictability rank of 5-star.

On Feb 18, Wal-Mart Stores, Inc. reported financial results for the quarter ended Jan. 31, 2010. Net sales for the fourth quarter of fiscal year 2010 were $112.8 billion, an increase of 4.6 percent from $107.9 billion in the fourth quarter last year. Net sales for the fourth quarter included a currency exchange rate benefit of $1.9 billion. Income from continuing operations attributable to Walmart for the quarter was $4.7 billion, an increase of almost 24 percent from $3.8 billion in the fourth quarter last year.

WalMart Stores Inc. is owned by twenty-two Gurus, including Brian Rogers, Private Capital, Ken Heebner, Donald Yacktman, and Tweedy Browne.

In November, Sell:: President and CEO Michael T Duke sold 16,475 shares of WMT stock.This month, Buy:: Director James Breyer bought shares; Sell:: Chairman of Exec. Committee H Lee Scott Jr sold shares this month, Sell:: Chairman of Exec. Committee H Lee Scott Jr sold 70,238 in February, and Sell:: Vice Chairman Wright Eduardo Castro sold 17,000 shares in December.

Director of CIT Group Inc., Seymour Sternberg, bought 13,200 shares on 3/18/10 at an average price of $39.

CIT Group Inc. is a bank holding company that provides financing and leasing capital for commercial companies throughout the world. Cit Group Inc. has a market cap of $15.78 billion; its shares were traded at around $39 with and P/S ratio of 4.

On March 16, CIT Group Inc. reported a 2009 net loss attributable to common stockholders of $4 million, as a loss from operations was essentially offset by the combination of fresh start accounting adjustments (FSA) and reorganization items. Results also included a $10.4 billion net reduction in debt obligations reflecting the cancellation of senior and subordinated unsecured debt obligations and issuance of new secured notes.

CIT Group Inc. is owned by ten Gurus: carl Icahn, David Einhorn, Seth Klarman, Daniel Loeb, Bruce Berkowitz, Edward lampert, Richard perryy, John Paulson, Michael Price, and Hotchkis & Wiley.

This month, Buy:: Director Seymour Sternberg bought 13,200 shares of CIT stock.

Director of KeyCorp, Elizabeth R. Gile, bought 1,300 shares on 3/19/10 at an average price of $7.86.

KeyCorp is an integrated multi-line financial services company. Keycorp has a market cap of $6.95 billion; its shares were traded at around $7.86 with and P/S ratio of 1.2. The dividend yield of Keycorp stocks is 0.5%.

KeyCorp will announce first quarter 2010 earnings on Wednesday, April 21, 2010. A conference call will be held at 9:00 a.m. ET to review financial results. The call may also include forward looking information on financial trends, asset quality and earnings outlook.

KeyCorp is in the portfolios of six Gurus: Third Avenue Management, Brian Rogers, Hotchkis & Wiley, Irving Kahn, Charles Brandes, and David Dreman.

This month, Buy:: Director Elizabeth R. Gile and Buy:: Director Edward W Stack both bought shares of KEY; Buy:: Director Ruth Ann M Gillis bought 2,500 shares in January and

Buy:: Vice Chair Peter D. Hancock bought 17,400 shares in October.

Director of Petrohawk Energy Corp., Gary A Merriman, bought 7,500 shares on 3/19/10 at an average price of $19.55.

Petrohawk Energy Corporation is an independent energy company engaged in the acquisition, production, exploitation, exploration and development of oil and gas properties. Petrohawk Energy Corp. has a market cap of $5.89 billion; its shares were traded at around $19.55 with a P/E ratio of 55.9 and P/S ratio of 5.4.

On February 22, Petrohawk Energy Corporation announced its fourth quarter and full year 2009 financial results. Cash flows from operations before changes in working capital (cash flow from operations, a non-GAAP measure) were $179.6 million, or $0.60 per fully diluted common share for the quarter, and $613.8 million, or $2.19 per fully diluted common share, for the full year. Petrohawk generated revenues of $354.9 million for the quarter ended December 31, 2009 and revenues of over $1 billion for the full year 2009. Petrohawk reported net income for the quarter of $0.12 per fully diluted common share, or $36.5 million.

Petrohawk Energy Corp. is in the portfolios of five Gurus: NWQ Managers, David Williams, John Griffin, Ruane Cunniff, and John Keeley.

In January, Sell:: Chairman of Board and CEO Floyd C Wilson sold 11,910 shares of HK stock.This month, Buy:: Director Christopher A Viggiano and Buy:: Director Gary A Merriman bought shares; Buy:: VP - Investor Relations Joan W Dunlap bought 4,000 shares in November. Sell:: Vice Chairman James W Christmas sold 7,100 shares in December.

Director of International Game Technology, Philip G Satre, bought 3,000 shares on 3/18/10 at an average price of $17.76.

International Game Technology is one of the largest manufacturers of computerized casino gaming products and operators of proprietary gaming systems in the world and was the first to develop computerized video gaming machines. International Game Technology has a market cap of $5.27 billion; its shares were traded at around $17.76 with a P/E ratio of 22.1 and P/S ratio of 2.5. The dividend yield of International Game Technology stocks is 1.3%. International Game Technology had an annual average earning growth of 8.1% over the past 10 years.

On Jan 21, International Game Technology announced operating results for the first quarter ended December 31, 2009. Net income for the quarter was$73.3 million or $0.25 per diluted share compared to $61.2 million or $0.21 per diluted share in the same quarter last year. Comparability for the quarter was affected by a number of items included in a supplemental schedule at the end of this release.

International Game Technology is owned by five Gurus: Richard Aster Jr, Tom Gayner, George Soros, John Rogers, and Private Capital.

This month, Sell:: CEO Thomas J Matthews sold 190,401 shares of IGT stock. Buy:: Director Philip G Satre bought 3,000 shares the same month. In December, Sell:: EVP, General Counsel David Duane Johnson and Sell:: President of International Paulus Karskens sold shares.

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

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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