Weekly Top Insider Buys: KO, BSX, HK, JEF, NI

Author's Avatar
Nov 09, 2010
According to GuruFocus Insider Data, these are the largest insider buys during the past week: The CocaCola Company (KO, Financial), Boston Scientific Corp. (BSX, Financial), Petrohawk Energy Corp. (HK, Financial), Jefferies Group Inc. (JEF, Financial), and NiSource Inc (NI, Financial).



The CocaCola Company (KO): Director Barry Diller Bought 120,000 Shares



Director of The CocaCola Company, Barry Diller, bought 120,000 shares on 11/01/10 at an average price of $62.46.

The Coca-Cola Company is the world's largest beverage company and is the producer and marketer of soft drinks. The Cocacola Company has a market cap of $144.25 billion; its shares were traded at around $62.46 with a P/E ratio of 18.2 and P/S ratio of 4.7. The dividend yield of The Cocacola Company stocks is 2.8%. The Cocacola Company had an annual average earning growth of 8.9% over the past 10 years. GuruFocus rated The Cocacola Company the business predictability rank of 3.5-star.

On October 19, The CocaCola Company reported net revenues grew 5% in the quarter and year-to-date, with comparable currency neutral net revenue growth of 8%. Reported operating income increased 9% in the quarter and 13% year-to-date. Comparable currency neutral operating income grew 14% in Q3.

The CocaCola Company is in the portfolios of Chris Davis, Kenneth Fisher, Tom Gayner, John Hussman, Richard Aster Jr, Donald Yacktman, Ruane Cunniff, Tweedy Browne, David Winters, Warren Buffett, Bill Gates, Robert Olstein, Dodge & Cox, Mairo Gabelli, Arnold Van Den Berg, and George Soros.

Sell: Pres/CEO, CC Refreshments USA Steven A Cahillane sold 44,609 shares of KO stock.Last week, Buy: Director Barry Diller bought 120,000 shares of KO stock on 11/01/2010. Sell: Pres/CEO, CC Refreshments USA Steven A Cahillane, Sell: Senior Vice President Harry L Anderson, Sell: Group President J Alexander Jr Douglas, Sell: Senior Vice President Jerry S Wilson Jr, and Sell: Vice President, Controller Kathy N Waller also sold shares this month.



Boston Scientific Corp. (BSX): Director Ernest Mario Bought 10,000 Shares

Director of Boston Scientific Corp., Ernest Mario, bought 10,000 shares on 11/04/10 at an average price of $6.79.

Boston Scientific Corporation is a worldwide developer, manufacturer and marketer of minimally invasive medical devices. Boston Scientific Corp. has a market cap of $10.3 billion; its shares were traded at around $6.79 with a P/E ratio of 14.4 and P/S ratio of 1.3. Boston Scientific Corp. had an annual average earning growth of 5.4% over the past 10 years.

On October 19, the Boston Scientific Corp. reported results for the third quarter of 2010. The company achieved sales of $1.916 billion, reporting GAAP earnings of $0.12 per diluted share, with adjusted EPS of $0.19 that exceeded the high end of the Company's guidance range. They also received FDA approval for an exclusive expanded indication for the Company's cardiac resynchronization therapy defibrillator systems (CRT-Ds), making Boston Scientific CRT-Ds the only devices approved by the FDA for all classes of heart failure.

Boston Scientific Corp. is owned by Dodge & Cox, Edward Owens, Charles Brandes, PRIMECAP Management, Mario Gabelli, John Paulson, and George Soros.



Buy: Director Ernest Mario bought 10,000 shares of BSX stock and Sell: Director Peter M Nicholas sold 25,000 shares.



Petrohawk Energy Corp. (HK): SVP - Corporate Communications Ellen Desanctis Bought 5,000 Shares

SVP - Corporate Communications of Petrohawk Energy Corp., Ellen Desanctis, bought 5,000 shares on 11/05/10 at an average price of $17.76.

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 $5.37 billion; its shares were traded at around $17.76 with a P/E ratio of 37.8 and P/S ratio of 5.



On November 2, Petrohawk Energy Corp. reported results for the third quarter of 2010. Cash flow from operations before changes in working capital (a non-GAAP financial measure; see Condensed Consolidated Statements of Cash Flows for a reconciliation to net cash provided by operating activities) was $188 million, or $0.62 per fully diluted common share, compared to $163 million, or $0.54 per fully diluted common share, reported for second quarter 2010 and $152 million, or $0.52 per fully diluted common share one year ago. The Company benefited from a strong and high volume of particularly natural gas hedges in effect during the quarter.



Petrohawk Energy Corp. is in the portfolios of NWQ Managers, Ruane Cunniff, John keeley, David Williams, and George Soros.



Last week, Buy: SVP - Corporate Communications Ellen Desanctis bought 5,000 shares of HK stock.Buy: SVP - Corporate Reserves Tina S Obut bought 2,500 shares in August.



Jefferies Group Inc. (JEF): Director Ian M. Cumming Bought 75,000 Shares

Director of Jefferies Group Inc., Ian M. Cumming, bought 75,000 shares on 11/01/10 at an average price of $25.8.

Jefferies Group, Inc. is a holding company whose affiliated companies, including its principal operating subsidiary, Jefferies & Company, Inc. Jefferies Group Inc. has a market cap of $4.43 billion; its shares were traded at around $25.8 with a P/E ratio of 16.7 and P/S ratio of 1.8. The dividend yield of Jefferies Group Inc. stocks is 1.2%.

On September 22, Jefferies Group reported results for the third quarter of 2010. Net revenues were $520 million, versus $700 million. Net income to Common Shareholders was $46 million, versus $86 million. Net earnings per common share were $0.23, versus $0.42, and Investment Banking revenues were $246 million, versus $123 million.

Jefferies Group Inc. is owned by Ian Cumming, Tweedy Browne, John Keeley, and Ron Baron.



Last week, Buy: 10% Owner National Corp Leucadia bought 75,000 shares of JEF stock. Buy: Director Joseph S Steinberg and Buy: Director Ian M. Cumming also bought shares this week. Buy: Director Joseph S Steinberg bought 691,000 shares last month.

NiSource Inc (NI): Director Wallace Lee Nutter Bought 30,000 Shares

Director of NiSource Inc, Wallace Lee Nutter, bought 30,000 shares on 11/05/10 at an average price of $17.5.

NiSource Inc., formerly NIPSCO Industries, Inc., is an energyand utility-based holding company headquartered in Merrillville, Indiana, that provides natural gas, electricity and water to the public for residential, commercial and industrial uses. Nisource Inc has a market cap of $4.87 billion; its shares were traded at around $17.5 with a P/E ratio of 14.1 and P/S ratio of 0.7. The dividend yield of Nisource Inc stocks is 5.3%.

On October 29, NiSource Inc. announced net operating earnings from continuing operations (non-GAAP) of $10.3 million, or 4 cents per share, for the three months ended September 30, 2010, a decrease from $19.4 million, or 7 cents per share, for the third quarter of 2009. Operating earnings (non-GAAP) were $109.9 million for the recent three months compared to $134.8 million for the same period in 2009.

NiSource Inc is owned by Brian Rogers and Mario Gabelli.



Last week, Buy: Director Wallace Lee Nutter bought 30,000 shares of NI stock. Buy: Director Richard A Abdoo bought 5,000 shares in May, and Sell: Director Steven C Dr Beering sold 600 shares last week.