Weekly highlight of top insider buys: CVS Caremark Corp. (CVS, Financial), Time Warner Inc. (TWX, Financial), Corning Inc. (GLW, Financial), Dell Inc. (DELL, Financial), and Safeway Inc. (SWY, Financial).
CVS Caremark Corp. (CVS): President, Caremark Pharm Serv Per Gh Lofberg Bought 11,000 Shares
President, Caremark Pharm Serv of CVS Caremark Corp., Per Gh Lofberg, bought 11,000 shares on 8/09/10 at an average price of $28.94.
CVS Caremark is the nation's premier integrated 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 $39.38 billion; its shares were traded at around $28.94 with a P/E ratio of 10.7 and P/S ratio of 0.4. The dividend yield of Cvs Caremark Corp. stocks is 1.2%. Cvs Caremark Corp. had an annual average earning growth of 12.4% over the past 10 years. GuruFocus rated Cvs Caremark Corp. the business predictability rank of 4.5-star.
On July 28, CVS Caremark Corp. announced results for the second quarter of 2010. Net revenues for the three months ended June 30, 2010, decreased $864 million, or 3.5% to $24.0 billion, down from $24.9 billion in the prior year period. Income from continuing operations decreased $67 million, or 7.5% to $822 million, compared to $889 million in the prior year period.
CVS Caremark Corp. is in the portfolio of twelve Gurus: John Hussman, Hotchkis & Wiley, David Dreman, Richard Perry, George Soros, Lee Ainslie, Steve Mandel, Chris Davis, Ruane Cunniff, James Barrow, NWQ Managers, and Andreas Halvorsen.
Last week, Buy: President, Caremark Pharm Serv Per Gh Lofberg bought 11,000 shares of CVS stock. Sell: Senior Vice President Helena Foulkes and Sell: SVP, Gen Counsel Sara Finley sold shares in March.
Time Warner Inc. (TWX): Director William P Barr Bought 3,050 Shares
Director of Time Warner Inc., William P Barr, bought 3,050 shares on 8/06/10 at an average price of $30.79.
Time Warner Inc. is the world's media and entertainment company, whose businesses include filmed entertainment, interactive services, television networks, cable systems, publishing and music. Time Warner Inc New has a market cap of $35.09 billion; its shares were traded at around $30.79 with a P/E ratio of 13.6 and P/S ratio of 1.4. The dividend yield of Time Warner Inc New stocks is 2.7%.
On August 4, Time Warner Inc. reported results for the second quarter of 2010. Revenues rose 8% to $6.4 billion, the highest growth rate since second quarter of 2008. Advertising revenues grew 11%, driven by increases of 14% at Turner and 4% at Time Inc. Operating income increased 14% at Networks and 50% at Time Inc, and adjusted earnings per share improved 35% to $0.50
Time Warner Inc. is in the portfolio of eight Gurus: George Soros, Mark Hillman, Kenneth Fisher, James Barrow, Brian Rogers, Dodge & Cox, Jean-Marie Eveillard, and Bill Nygren.
Last week, Buy: Director William P Barr bought 3,050 shares of TWX stock. Buy: Director Fred Hassan bought 34,000 shares in March. Sell: SVP and Controller Pascal Desroches sold 28,483 shares in August, and Sell: Executive Vice President Olaf Olafsson sold 242 shares in June. In March, Sell: Chairman of the Board and CEO Jeffrey L Bewkes and Sell: EVP & CFO John K Martin sold shares.
Corning Inc. (GLW): Director John A Jr Canning Bought 20,000 Shares
Director of Corning Inc., John A Jr Canning, bought 20,000 shares on 8/05/10 at an average price of $17.5.
Corning Incorporated creates leading-edge technologies for the fastest-growing markets of the world's economy. Corning Inc. has a market cap of $27.31 billion; its shares were traded at around $17.5 with a P/E ratio of 8.9 and P/S ratio of 5.1. The dividend yield of Corning Inc. stocks is 1.1%. Corning Inc. had an annual average earning growth of 4.9% over the past 5 years.
On July 28, Corning Inc. reported results for the second quarter of 2010. Sales were $1.71 billion, an increase of 10% sequentially and 23% year over year. Earnings per share were $0.58, a gain of 12% sequentially and 49% over a year ago. Gross margin increased to 48% from 47% the previous quarter and by 7 percentage points over last year’s second quarter.
Corning Inc. is owned by twelve Gurus: Charles Brandes, David Dreman, Lee Ainslie, David Williams, John Keeley, Mark Hillman, Dodge & Cox, George Soros, PRIMECAP Management, Ronald Muhlenkamp, James Barrow, Kenneth Fisher.
Last week, Buy: Director John A Jr Canning bought 20,000 shares of GLW stock. color=red]Sell:[/color] Chairman & CEO Wendell P Weeks and Sell: VICE CHAIRMAN & CFO James B Flaws sold shares this month. In May, Sell: Senior Vice President Lawrence D Mcrae, Sell: President & COO Peter F Volanakis, Sell: SVP Vincent P Hatton, and Sell: EXECUTIVE VICE PRESIDENT Joseph A Miller sold shares.
Dell Inc. (DELL): Director James Breyer Bought 20,000 Shares
Director of Dell Inc., James Breyer, bought 20,000 shares on 8/11/10 at an average price of $12.01.
Dell Inc. is a premier provider of products and services required for customers worldwide to build their information-technology and Internet infrastructures. Dell Inc. has a market cap of $23.52 billion; its shares were traded at around $12.01 with a P/E ratio of 11.5 and P/S ratio of 0.5. Dell Inc. had an annual average earning growth of 4.1% over the past 10 years.
On July 10, Dell Inc. released results for the first fiscal quarter of 2010 ended April 30. Total revenue in the quarter ended April 30 was $14.9 billion, a 21-percent increase from a year ago. Results reflect the powerful combination of Dell and Perot Systems and sound company execution in an overall improving business environment. GAAP operating income of $619 million was 4.2 percent of revenue. Non-GAAP operating income was $824 million, or 5.5 percent of revenue, outpacing revenue growth with a 29-percent increase.
Dell Inc. is owned by seventeen Gurus: Lee Ainslie, John Hussman, Richard Pzena, PRIMECAP Management, Mason Hawkins, Brian Rogers, Jean-Marie Eveillard, Prem Watsa, Bill Nygren, Wallace Weitz, Charles Brandes, Arnold Schneider, Arnold Van Den Berg, George Soros, John Rogers, Donald Yacktman, and Glenn Greenberg.
Last week, Buy: Director James Breyer bought 20,000 shares of DELL stock. In July, Sell: Senior Vice President Brian T Gladden sold 40,537 shares, and Sell: President Ronald Garriques sold 178,311 shares in March.
Safeway Inc. (SWY): Director Michael S Shannon Bought 6,200 Shares
Director of Safeway Inc., Michael S Shannon, bought 6,200 shares on 8/10/10 at an average price of $21.19.
Safeway, Inc. is a food and drug retailer in North America. Safeway Inc. has a market cap of $8.23 billion; its shares were traded at around $21.19 with a P/E ratio of 14.6 and P/S ratio of 0.2. The dividend yield of Safeway Inc. stocks is 2.2%. Safeway Inc. had an annual average earning growth of 8% over the past 5 years.
On July 22, Safeway Inc. reported net income of $141.3 million ($0.37 per diluted share) for the second quarter of 2010 compared to $238.6 million ($0.57 per diluted share) for the second quarter of 2009. The second quarter of 2009 included a $57.8 million tax benefit ($0.14 per diluted share) from the resolution of a tax matter.
Safeway Inc. is in the portfolios of four Gurus: George Soros, Richard Snow, Charles Brandes, and Hotchkis & Wiley.
Last week, Buy: Director Michael S Shannon bought 6,200 shares of SWY stock. Sell: Senior Vice President Jerry Tidwell sold 15,000 shares in May. In March, Sell: Senior Vice President David F Bond, Sell: Senior Vice President Russell M Jackson, and Sell: Senior Vice President Robert A Gordon sold shares.
For the complete list of stocks that were bought by their company executives, go to: Insider Buys.
CVS Caremark Corp. (CVS): President, Caremark Pharm Serv Per Gh Lofberg Bought 11,000 Shares
President, Caremark Pharm Serv of CVS Caremark Corp., Per Gh Lofberg, bought 11,000 shares on 8/09/10 at an average price of $28.94.
CVS Caremark is the nation's premier integrated 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 $39.38 billion; its shares were traded at around $28.94 with a P/E ratio of 10.7 and P/S ratio of 0.4. The dividend yield of Cvs Caremark Corp. stocks is 1.2%. Cvs Caremark Corp. had an annual average earning growth of 12.4% over the past 10 years. GuruFocus rated Cvs Caremark Corp. the business predictability rank of 4.5-star.
On July 28, CVS Caremark Corp. announced results for the second quarter of 2010. Net revenues for the three months ended June 30, 2010, decreased $864 million, or 3.5% to $24.0 billion, down from $24.9 billion in the prior year period. Income from continuing operations decreased $67 million, or 7.5% to $822 million, compared to $889 million in the prior year period.
CVS Caremark Corp. is in the portfolio of twelve Gurus: John Hussman, Hotchkis & Wiley, David Dreman, Richard Perry, George Soros, Lee Ainslie, Steve Mandel, Chris Davis, Ruane Cunniff, James Barrow, NWQ Managers, and Andreas Halvorsen.
Last week, Buy: President, Caremark Pharm Serv Per Gh Lofberg bought 11,000 shares of CVS stock. Sell: Senior Vice President Helena Foulkes and Sell: SVP, Gen Counsel Sara Finley sold shares in March.
Time Warner Inc. (TWX): Director William P Barr Bought 3,050 Shares
Director of Time Warner Inc., William P Barr, bought 3,050 shares on 8/06/10 at an average price of $30.79.
Time Warner Inc. is the world's media and entertainment company, whose businesses include filmed entertainment, interactive services, television networks, cable systems, publishing and music. Time Warner Inc New has a market cap of $35.09 billion; its shares were traded at around $30.79 with a P/E ratio of 13.6 and P/S ratio of 1.4. The dividend yield of Time Warner Inc New stocks is 2.7%.
On August 4, Time Warner Inc. reported results for the second quarter of 2010. Revenues rose 8% to $6.4 billion, the highest growth rate since second quarter of 2008. Advertising revenues grew 11%, driven by increases of 14% at Turner and 4% at Time Inc. Operating income increased 14% at Networks and 50% at Time Inc, and adjusted earnings per share improved 35% to $0.50
Time Warner Inc. is in the portfolio of eight Gurus: George Soros, Mark Hillman, Kenneth Fisher, James Barrow, Brian Rogers, Dodge & Cox, Jean-Marie Eveillard, and Bill Nygren.
Last week, Buy: Director William P Barr bought 3,050 shares of TWX stock. Buy: Director Fred Hassan bought 34,000 shares in March. Sell: SVP and Controller Pascal Desroches sold 28,483 shares in August, and Sell: Executive Vice President Olaf Olafsson sold 242 shares in June. In March, Sell: Chairman of the Board and CEO Jeffrey L Bewkes and Sell: EVP & CFO John K Martin sold shares.
Corning Inc. (GLW): Director John A Jr Canning Bought 20,000 Shares
Director of Corning Inc., John A Jr Canning, bought 20,000 shares on 8/05/10 at an average price of $17.5.
Corning Incorporated creates leading-edge technologies for the fastest-growing markets of the world's economy. Corning Inc. has a market cap of $27.31 billion; its shares were traded at around $17.5 with a P/E ratio of 8.9 and P/S ratio of 5.1. The dividend yield of Corning Inc. stocks is 1.1%. Corning Inc. had an annual average earning growth of 4.9% over the past 5 years.
On July 28, Corning Inc. reported results for the second quarter of 2010. Sales were $1.71 billion, an increase of 10% sequentially and 23% year over year. Earnings per share were $0.58, a gain of 12% sequentially and 49% over a year ago. Gross margin increased to 48% from 47% the previous quarter and by 7 percentage points over last year’s second quarter.
Corning Inc. is owned by twelve Gurus: Charles Brandes, David Dreman, Lee Ainslie, David Williams, John Keeley, Mark Hillman, Dodge & Cox, George Soros, PRIMECAP Management, Ronald Muhlenkamp, James Barrow, Kenneth Fisher.
Last week, Buy: Director John A Jr Canning bought 20,000 shares of GLW stock. color=red]Sell:[/color] Chairman & CEO Wendell P Weeks and Sell: VICE CHAIRMAN & CFO James B Flaws sold shares this month. In May, Sell: Senior Vice President Lawrence D Mcrae, Sell: President & COO Peter F Volanakis, Sell: SVP Vincent P Hatton, and Sell: EXECUTIVE VICE PRESIDENT Joseph A Miller sold shares.
Dell Inc. (DELL): Director James Breyer Bought 20,000 Shares
Director of Dell Inc., James Breyer, bought 20,000 shares on 8/11/10 at an average price of $12.01.
Dell Inc. is a premier provider of products and services required for customers worldwide to build their information-technology and Internet infrastructures. Dell Inc. has a market cap of $23.52 billion; its shares were traded at around $12.01 with a P/E ratio of 11.5 and P/S ratio of 0.5. Dell Inc. had an annual average earning growth of 4.1% over the past 10 years.
On July 10, Dell Inc. released results for the first fiscal quarter of 2010 ended April 30. Total revenue in the quarter ended April 30 was $14.9 billion, a 21-percent increase from a year ago. Results reflect the powerful combination of Dell and Perot Systems and sound company execution in an overall improving business environment. GAAP operating income of $619 million was 4.2 percent of revenue. Non-GAAP operating income was $824 million, or 5.5 percent of revenue, outpacing revenue growth with a 29-percent increase.
Dell Inc. is owned by seventeen Gurus: Lee Ainslie, John Hussman, Richard Pzena, PRIMECAP Management, Mason Hawkins, Brian Rogers, Jean-Marie Eveillard, Prem Watsa, Bill Nygren, Wallace Weitz, Charles Brandes, Arnold Schneider, Arnold Van Den Berg, George Soros, John Rogers, Donald Yacktman, and Glenn Greenberg.
Last week, Buy: Director James Breyer bought 20,000 shares of DELL stock. In July, Sell: Senior Vice President Brian T Gladden sold 40,537 shares, and Sell: President Ronald Garriques sold 178,311 shares in March.
Safeway Inc. (SWY): Director Michael S Shannon Bought 6,200 Shares
Director of Safeway Inc., Michael S Shannon, bought 6,200 shares on 8/10/10 at an average price of $21.19.
Safeway, Inc. is a food and drug retailer in North America. Safeway Inc. has a market cap of $8.23 billion; its shares were traded at around $21.19 with a P/E ratio of 14.6 and P/S ratio of 0.2. The dividend yield of Safeway Inc. stocks is 2.2%. Safeway Inc. had an annual average earning growth of 8% over the past 5 years.
On July 22, Safeway Inc. reported net income of $141.3 million ($0.37 per diluted share) for the second quarter of 2010 compared to $238.6 million ($0.57 per diluted share) for the second quarter of 2009. The second quarter of 2009 included a $57.8 million tax benefit ($0.14 per diluted share) from the resolution of a tax matter.
Safeway Inc. is in the portfolios of four Gurus: George Soros, Richard Snow, Charles Brandes, and Hotchkis & Wiley.
Last week, Buy: Director Michael S Shannon bought 6,200 shares of SWY stock. Sell: Senior Vice President Jerry Tidwell sold 15,000 shares in May. In March, Sell: Senior Vice President David F Bond, Sell: Senior Vice President Russell M Jackson, and Sell: Senior Vice President Robert A Gordon sold shares.
For the complete list of stocks that were bought by their company executives, go to: Insider Buys.
