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Shuda Xia
Shuda Xia
Articles (93) 

Weekly Top Insider Buys Highlight for the Week of August 11

The largest Insider Buys were for Starbucks, Occidental Petroleum, Kimberly-Clark and Public Storage

August 13, 2017 | About:

The largest Insider Buys this week were for Starbucks Corp. (NASDAQ:SBUX), Occidental Petroleum Corp. (NYSE:OXY), Kimberly-Clark Corp. (NYSE:KMB) and Public Storage (NYSE:PSA).

Starbucks Corp. (NASDAQ:SBUX): Director Jorgen Vig Knudstorp bought 18,000 shares

Director Jorgen Vig Knudstorp bought 18,000 shares of SBUX stock on Aug. 4 at the average price of $55.30. The price of the stock has decreased by 3.83% since.

Starbucks Corp. is an American international coffee company and coffeehouse chain, and distinguishes itself from other such venues by emphasizing customer experience and quality. The company operates 23,768 locations worldwide as of 2016. The company has a market cap of $76.79 billion, and as of Aug. 11 it traded at $53.18.

On July 27 Starbucks Corp. reported financial results for the third quarter 2017, ended July 2. The company reported an increase of 4% in global comparable store sales and an increase of 5% in American comparable store sales. Furthermore, consolidated net revenues grew 8% to $5.7 billion, up 9% after excluding $53.7 million of unfavorable foreign currency translation.

Occidental Petroleum Corp. (NYSE:OXY): Director William R. Klesse bought 10,000 shares

Director William R. Klesse bought 10,000 shares of OXY stock on Aug. 9 at the average price of $61.58. The price of the stock has decreased by 0.73% since.

Occidental Petroleum Corp. is an American international oil and gas exploration and production company. It has operations in the U.S., the Middle East and Latin America. In 2015, it was the 16th largest gas producer and 3rd largest oil producer in Texas. The company has a market cap of $46.74 billion, and as of Aug. 11 it traded at $61.13.

On June 19 Occidental Petroleum Corp. announced that it has agreed to a number of purchase and sale transactions in the Permian Basin. On a combined basis, these transactions require no net cash outlay and add approximately 3,500 barrels of oil equivalent per day to the company’s net production. Furthermore, the company has reduced its Permian Resources position by 13,000 net acres, divesting non-strategic acreage in Andrews, Martin, and Pecos counties.

Kimberly-Clark Corp (NYSE:KMB): Director Robert W. Decherd bought 1,500 shares

Director Robert W. Decherd bought 1,500 shares of KMB stock on Aug. 3 at the average price of $122.21. The price of the stock has decreased by 1.28% since.

Kimberly-Clark Corp. is an American multinational personal care corporation that produces mostly paper-based consumer products. Some brand name products of this company include Kleenex facial tissue, Kotex feminine hygiene products, Cottonelle, Scott and Andrex toilet paper, and Wypall utility wipes. The company has a market cap of $42.62 billion, and as of Aug. 11 it traded at $122.21.

On Aug. 1 the board of directors of Kimberly-Clark Corp. declared a regular quarterly dividend of 97 cents per share. The dividend is payable on Oct. 3, to stockholders of record at close of business on Sept. 8. 2017 marks the 45th consecutive year that the company has increased its dividend and the 83rd straight year it has paid a dividend to shareholders.

Public Storage (NYSE:PSA): Director Ronald P. Spogli vought 2,000 shares

Director Ronald P. Spogli bought 2,000 shares of PSA stock on Aug. 3 at the average price of $200.59. The price of the stock has decreased by 0.98% since.

Public Storage is an American international self-storage company run as a real estate investment trust. It is the largest brand of self-storage service in the U.S., and in 2008 it was the largest of four publicly traded storage real estate investment trusts. There is a total of 2,200 Public Storage locations in the U.S., Canada and Europe. The company has a market cap of $34.56 billion, and as of Aug. 11 it traded at $198.63.

On July 31 Public Storage announced the pricing of a public offering of 12 million depositary shares at $25.00 per depositary share, with each depositary share representing one thousandth of a 5.05% cumulative preferred share of beneficial interest, Series G. The offering is expected to result in $300 million of gross and to close on or about Aug. 9.

For the complete list of stocks that were bought by their company executives, go to: Insider Trades.

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

  • 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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