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Joy Hu
Joy Hu
Articles (358) 

Weekly CEO Buys Highlight: Fox, Advance Auto Parts

Details the CEO buys this past week for the following companies: Fox, Advance Auto Parts, First Midwest Bancorp, Rayonier and Monmouth Real Estate Investment

June 22, 2020 | About:

According to GuruFocus Insider Data, these were the largest CEO buys during the past week.

Fox

Fox Corp. (NASDAQ:FOX) Executive Chairman and CEO Lachlan K. Murdoch bought 101,556 shares on June 15 at a price of $28.29. The price of the stock has decreased by 1.66% since then.

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Fox represents the assets not sold to Disney by the predecessor firm, Twenty First Century Fox. The remaining assets include Fox News, the FOX broadcast network, FS1 and FS2, Fox Business, Big Ten Network, 28 owned and operated local television stations of which 17 are affiliated with the Fox Network and the Fox Studios lot. The Murdoch family continues to control the successor firm.

The company has a market cap of $16.91 billion. Its shares traded at $27.82 with a price-earnings ratio of 12.95 as of June 19.

Net income for the third quarter of fiscal 2020 was $90 million compared to $539 million in the prior year quarter.

Advance Auto Parts

Advance Auto Parts Inc. (NYSE:AAP) President and CEO Thomas Greco bought 7,285 shares on June 15 at a price of $136.13. Since then, the price of the stock has increased by 6.44%.

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Advance Auto Parts is one of the industry's largest retailers of aftermarket automotive parts, tools and accessories to do-it-yourself customers in North America. Advance operated 5,037 stores as of the end of 2019, in addition to servicing 1,253 independently owned Carquest stores. The company's Worldpac unit is a premier distributor of imported original-equipment parts. Advance derived 60% of its 2019 sales from commercial clients, up from 30%-40% before the General Parts deal.

The company has a market cap of $10.01 billion. Its shares traded at $144.90 with a price-earnings ratio of 26.34 as of June 19.

First quarter 2020 net income was $43.59 million compared to $142.50 million for the first quarter of 2019.

Executive Vice President, General Counsel and Corporate Secretary Tammy M. Finley sold 88 shares on June 5 at a price of $146.52. The price of the stock has decreased by 1.11% since then.

Senior Vice President, Controller and Chief Accounting Officer Andrew E. Page sold 720 shares on June 4 at a price of $141.38. Since then, the price of the stock has increased by 2.49%.

First Midwest Bancorp

First Midwest Bancorp Inc. (NASDAQ:FMBI) Chairman and CEO Michael L. Scudder bought 4,000 shares on June 17 at a price of $25.00. The price of the stock has decreased by 45.2% since then.

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Based in Itasca, Illinois, First Midwest is a community bank that specializes in commercial lending to small businesses in the Chicago metropolitan area. The bank has over $12 billion in assets and $10 billion in deposits.

The company has a market cap of $1.57 billion. Its shares traded at $13.70 with a price-earnings ratio of 8.74 as of June 19.

Net income for the first quarter of 2020 was $19.6 million compared to $46.1 million for the first quarter of 2019.

Director Phupinder Gill bought 4,000 shares on June 17 at a price of $25. Since then, the price of the stock has decreased by 45.2%.

Director Kathryn Hayley bought 12,000 shares on June 17 at a price of $25. The price of the stock has decreased by 45.2% since then.

Director Peter J. Henseler bought 4,000 shares on June 17 at a price of $25. Since then, the price of the stock has decreased by 45.2%.

Director Ellen A. Rudnick bought 3,000 shares on June 17 at a price of $25. The price of the stock has decreased by 45.2% since then.

President and Chief Operating Officer Mark G. Sander bought 3,000 shares on June 17 at a price of $25. Since then, the price of the stock has decreased by 45.2%.

Rayonier

Rayonier Inc. (NYSE:RYN) CEO David L. Nunes bought 1,428 shares on June 12 at a price of $22.90. The price of the stock has increased by 9.52% since then.

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Rayonier owns and manages timberland. Among the largest private landowners in the United States, the firm owns 2.2 million acres. It also owns land in New Zealand. Rayonier is structured as a real estate investment trust and is not required to pay federal income taxes on earnings generated by timber harvest activities.

The company has a market cap of $3.42 billion. Its shares traded at $25.08 with a price-earnings ratio of 43.47 as of June 19.

Net income for the first quarter of 2020 was $25.9 million compared to $24.8 million for the prior-year period.

Monmouth Real Estate Investment

Monmouth Real Estate Investment Corp. (NYSE:MNR) President and CEO Michael P. Landy bought 1,115 shares on June 16 at a price of $14.69. Since then, the price of the stock has decreased by 1.36%.

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Monmouth Real Estate Investment is engaged in the ownership and management of industrial buildings subject to long-term net leases, mainly to investment grade tenants. The company's primary business is the ownership of real estate.

The company has a market cap of $1.42 billion. Its shares traded at $14.49 as of June 19.

Net loss for the second quarter of fiscal 2020 was $68.31 million compared to net income of $28.30 million for the prior-year period.

Landy also bought 77 shares on June 15 at a price of $13.04. The price of the stock has increased by 11.12% since then.

Chief Financial Officer Kevin S. Miller bought 77 shares on June 15 at a price of $13.04. Since then, the price of the stock has increased by 11.12%.

For the complete list of stocks bought by their company CEOs, go to: CEO Buys.

Disclosure: I do not own stock in any of the companies mentioned in the article.

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