The largest Insider Buys this week were for Medtronic PLC (MDT, Financial), Energy Transfer Partners LP (ETP, Financial), Williams Companies Inc. (WMB, Financial) and Coty Inc. (COTY, Financial).
Medtronic PLC (MDT, Financial): Director Richard H. Anderson bought 5,600 shares
Director Richard H. Anderson bought 5,600 shares of Medtronic stock on June 21 at the average price of $88.90. The price of the stock has increased by 0.34% since.
Medtronic PLC is an international medical instrument company headquartered in Dublin, Ireland, with operational headquarters in Fridley, Minnesota. The company is the world’s largest standalone medical technology development company, with its market capitalization at around $100 billion in 2015. The company has a market cap of $122.1 billion, and as of June 23 it traded at $89.20.
On June 23 Medtronic PLC announced that its board of directors approved a 7% increase in its quarterly cash dividend, raising the amount to 46 cents per ordinary share. This translates into an annual amount of $1.84 per ordinary share, or a dividend per share payout ratio of 40% of prior fiscal year non-GAAP diluted earnings per share.
Energy Transfer Partners LP (ETP, Financial): Director David K. Skidmore bought 10,000 shares
Director David K. Skidmore bought 10,000 shares of ETP stock on June 22 at the average price of $18.64. The price of the stock has increased by 3.81% since.
Energy Transfer Partners LP is an American natural gas and propane company that is headquartered in Dallas, Texas. It is the parent company of Dakota Access, the company that was developing the controversial Dakota Access Pipeline. As of 2016, the company employs 9,466 people. The company has a market cap of $26.49 billion, and as of June 23 it traded at $19.35.
On May 3 Energy Transfer Partners LP announced that two natural gas pipelines in West Texas, the Trans-Pecos Pipeline and the Comanche Trail Pipeline, are in service. Both pipelines are owned by affiliates of Energy Transfer Partners, Carso Energy Corp. and MasTec Inc. as part of long-term agreements with Mexico’s federal electricity commission to transport natural gas from the Waha Hub in Pecos County, Texas to the Texas-Mexico border.
Williams Companies Inc. (WMB, Financial): Director Stephen W. Bergstrom bought 17,750 shares
Director Stephen W. Bergstrom bought 17,750 shares of WMB stock on June 20 at the average price of $28.12. The price of the stock has increased by 2.24% since.
Williams Companies Inc. is an American Fortune 500 energy company. Its core business lies in natural gas processing and transportation, with additional petroleum and electricity generation assets. The company owns and operates midstream gathering and processing assets, concentrated around of the Gulf of Mexico. The company has a market cap of $23.76 billion, and as of June 23 it traded at $28.75.
On June 20 Williams Companies Inc. announced the appointment of Frank J. Ferazzi as senior vice president over the company’s Atlantic-Gulf operating area, succeeding Rory Miller who has announced his retirement. Ferazzi has served as vice president and general manager in the Atlantic Gulf operating area since 2012 and has a combined 36 years of service with Williams and Transco.
Coty Inc. (COTY, Financial): Director Peter Harf bought 26,500 shares
Director Peter Harf bought 26,500 shares of COTY stock on June 16 at the average price of $19. The price of the stock has increased by 0.74% since.
Coty Inc. is an American international beauty products manufacturer. The company’s main products include fragrances, color cosmetics, and skin and body care products. The company owns the major brands of Calvin Klein, Chloie, Davaidoff, Marc Jacobs, Philosophy, Adidas, Playboy and Rimmel London. The company has a market cap of $19.33 billion, and as of June 23 it traded at $19.14.
On May 10 Coty Inc. announced results for its fiscal third quarter 2017, ended March 31. The company reported a net revenue of $2.03 billion, an increase of over 100% compared to net revenues in the prior-year period. The company also reported an adjusted operating income of $208.3 million, an increase of more than 100% from 102.6 million for the company in the prior-year period.
