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Weekly Top Insider Buys: Steelcase Inc., Morgan Stanley, Apollo Group Inc., PHILIP MORRIS INTERNATIONAL INC, H.B. Fuller Company

April 12, 2008 | About:

This is the weekly highlight of top insider buys: Steelcase Inc., Morgan Stanley, Apollo Group Inc., PHILIP MORRIS INTERNATIONAL INC, H.B. Fuller Company

Steelcase Inc. (SCS): Director P. Craig Welch Jr. Bought 50,000 Shares

Office furniture manufacturer Steelcase, Inc. (SCS) set their quarterly cash dividend at $0.15 per share. The company plans to cut 200 to 250 high-paying jobs. Steelcase’s fourth quarter earnings totaled $30.6 million or $0.22 compared to $29.3 million or $0.20 in 2006. For 2007, revenue increased to $3.42 billion from $3.1 billion on strong international demand. The company earned a total of $133.2 million or $0.93 per share compared with $106.9 million or $0.71 per share for 2006.

John Rogers owns 11,214,637 shares of Steelcase Inc. as of 12/31/07.

Director P. Craig Welch Jr. bought 50,000 shares of SCS stock on 4/4/08 at $11.23; the price of the stock has increased by 0.18% since. Other buys were made by Directors David W Joos and Earl D Holton who bought 10,000 shares at $10.78 and 6,000 shares at $11.01 this month. One large sell 100,000 shares was made by the 10% owner, Peter M. Wege at $15.22 in February.

Steelcase Inc. has a market cap of $1.59 billion; its shares were traded at around $10.58 with a P/E ratio of 11.40 and P/S ratio of 0.45. The dividend yield of Steelcase Inc. stocks is 5.4%.

Morgan Stanley (MS): Director Roy J. Bostock Bought 10,000 Shares

Morgan Stanley (MS) took a $2.3 billion hit for the first quarter of 2008 from write-offs. Comparing to the entire financial sector, Morgan Stanley performed the best in this first quarter. The company’s quarterly income was cut nearly in half to $1.55 billion or $1.45 per share compared to $2.31 billion or $2.17 per share, on a 17% revenue drop to $8.3 billion. The nation’s second biggest investment bank will sell its 28% stake in MSCI, or a total of 28 million shares. April 1 st, the company announced its interest to buy part of the London based commodities investment manager, Hawker Capital Cayman Ltd. Late-March, Morgan Stanley sold $2.25 billion in 10-year notes.

John Rogers bought 268,205 shares of Morgan Stanley stock and Ronald Muhlenkamp sold out all his shares. Several other gurus who currently also own Morgan Stanley stock: Robert Olstein, Richard Pzena, Chris Davis, Kenneth Fisher, Ruane Cunniff, John Keeley, David Dreman, Jean-Marie Eveillard.

Director Roy J. Bostock bought 10,000 shares on 4/2/08 at $49.03, while CFO Thomas Colm Kelleher sold 11,425 shares on 3/26/08 at $47.65.

Morgan Stanley has a market cap of $53.34 billion; its shares were traded at around $43.63 with a P/E ratio of 22.77 and P/S ratio of 1.86. The dividend yield of Morgan Stanley stocks is 2.3%.

Apollo Group Inc. (APOL): Director James Richard Reis Bought 2,000 Shares

Apollo Group, Inc. (APOL) is an education program provider from high school to graduate levels. For the second quarter, the company made a loss of $32 million or $0.19 a share compared to earnings of $60.3 million or $0.35. Despite a revenue increase of 14% to $693.6 million for the quarter, Apollo Group lost $168.4 million to a class action lawsuit.

Dodge & Cox and Jean-Marie Eveillard bought shares in APOL, as three other gurus sold out their APOL holdings: Ron Baron, Wallace Weitz, and Ruane Cunniff.

Director James Richard Reis bought 2,000 shares of APOL stock on 4/3/08 at $44.23.

Insider transactions were lined up with big sells between $44.23 and $80.10: SVP Peter V. Sperling sold 290,997 shares; Acting Executive Chairman of the Board, Director, and 10% owner, John G. Sperling sold 685,825 shares; VP De Alva Jose Jorge Klor sold 12,500 shares; Director Dino J Deconini sold 6,459 shares; President William John Pepicello sold 6,250 shares; SVP Elmont Adam Honea sold 5,350 shares.

Apollo Group Inc. has a market cap of $8.01 billion; its shares were traded at around $46.76 with a P/E ratio of 23.39 and P/S ratio of 2.82.

PHILIP MORRIS INTERNATIONAL INC (PM): CFO Hermann Waldemer Bought 101,000 Shares; VP & Controller Joachim Psotta Bought 14,000 Shares

Tobacco Company Philip Morris International, Inc. (PM) plans to focus on international markets through heavy acquisition and expansions. The domestic arena will become tighter as new legislation will allow FDA to take control of tobacco products. Also the new legislation will place hefty fees on the tobacco market dependent upon market share. Towards the end of March, Philip Morris gave Atria shareholders one share of Philip Morris per Atria shares they owned.

George Soros bought 9,503 shares in the quarter that ended on 12/31/07 and Charles Brandes sold out his holdings in Philip Morris. Also, several other gurus own Philip Morris shares: Kenneth Fisher, David Winters, Michael Price, Tom Gayner, Tweedy Browne, Jean-Marie Eveillard, Ronald Muhlenkamp, Ruane Cunniff, Chris Davis, Dodge & Cox, NWQ Managers, David Dreman, and HOTCHKIS & WILEY.

CFO Hermann Waldemer bought 101,000 shares of PM stock on 3/28/08 at $49.13 and VP Joachim Psotta bought 14,000 shares on 4/1/08 at $51. VP Psotta also bought another 20,400 shares in March at $50.49. Enormous insider buys were made between $49.04 and $51.40 in March and April: COO Andre Calantzopoulos bought 130,100 shares; President Paolo Degola bought 115,000 shares; VP Finance & Treasurer Marco Kuepfer bought 111,841 shares; VP Even Hurwitz bought 36,500 shares; SVP Daniele Regorda bought 36,000 shares; Presidentree Jean-claude Kunz bought 30,000 shares; President Pellegrini Matteo bought 4,000 shares; and finally, Chairman and CEO Louis C. Camilleri bought 1,000 shares.

PHILIP MORRIS INTERNATIONAL INC has a market cap $101.91 Billion; its shares were traded at around $48.33 with a P/E ratio of 1.2.

H.B. Fuller Company (FUL): Senior VP and CFO James R. Giertz Bought 4,000 Shares

Specialty chemical manufacturer Fuller Company (FUL) approved a higher dividend to its investors $0.066 per share for the quarter. Higher materials prices and economic slowdown lowered the company’s first quarter earnings 12.5% to $18.2 million or $0.32 per share compared to $20.8 million or $0.34 per share from 2007. The quarterly revenue also slipped 3% to $322.6 million.

George Soros bought 11,807 shares in the prior quarter and Kenneth Fisher added to his HB Fuller holdings to 1,101,475 shares.

SVP and CFO James R. Giertz bought 4,000 shares on 4/4/08 at $20.25, as VP and Chief Marketing Officer Monica Moretti sold 18,822 shares during the same week at $20.42.

H.B. Fuller Company has a market cap of $1.2 billion; its shares were traded at around $21.34 with a P/E ratio of 12.87 and P/S ratio of 0.82. The dividend yield of H.B. Fuller Company stocks is 1.3%.



  • 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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