The largest Insider Buys this week were for AT&T Inc. (T, Financial), General Electric Co. (GE, Financial), Salesforce.com Inc. (CRM, Financial) and Eli Lilly and Co. (LLY, Financial).
AT&T Inc. (T, Financial): Director Matthew K. Rose bought 65,500 shares
Director Matthew K. Rose bought 65,500 shares of T stock on July 26 at the average price of $30.51. The price of the stock has increased by 1.87% since.
AT&T Inc. an American multinational telecommunications conglomerate that is the second largest provider of mobile telephone services and the largest provider of fixed telephone services in the U.S. It also provides broadband subscription television services through DirecTV. The company has a market capitalization of $225.67 billion, and as of July 27 it traded at $31.08.
On July 24 AT&T Inc. reported second quarter 2018 results. Diluted earnings per share was $0.81 compared to $0.63 during the same quarter prior year. Consolidated revenues for the quarter was $39.0 billion while cash from operations increased 17.5% to $10.2 billion. Capital expenditures for the quarter was $5.1 billion.
General Electric Co. (GE, Financial): Director H. Lawrence Culp Jr. bought 191,000 shares
Director H. Lawrence Culp Jr. bought 191,000 shares of GE stock on July 24 at the average price of $13.04. The price of the stock has increased by 0.15% since.
General Electric Co. is an American international conglomerate corporation and operates through multiple segments, including Power & Water, Oil and Gas, Aviation, Healthcare and Transportation. The company was ranked among the Fortune 500 as the fourth-largest firm in the U.S. in 2017. The company has a market capitalization of $113.43 billion, and as of July 27 it traded at $13.06.
On July 20 General Electric Co. released fiscal results for the second quarter of 2018 ended June 30. GAAP earnings per share for the quarter was $0.08 compared to $0.12 during the same period prior year. Total revenue for the quarter was $30.104 billion, compared to $29.097 billion during the same quarter prior year.
Salesforce.com Inc. (CRM, Financial): Director Susan Wojcicki bought 6,000 shares
Director Susan Wojcicki bought 6,000 shares of CRM stock on July 25 at the average price of $146.22. The price of the stock has decreased by 1.58% since.
Salesforce.com Inc. is an American cloud computing company. Although most of its revenue comes from a customer relationship management product, the company also capitalizes on commercial applications of social networking through acquisition. The company has a market capitalization of $106.91 billion, and as of July 27 it traded at $143.91.
On July 11 Salesforce.com Inc. announced the next generation of Service Cloud Einstein, which will provide the company with guided processes and powerful artificial intelligence to improve the customer service experience. Clients can now use Einstein Bots for service to automate routine service requests and enable smooth agent handoffs.
Eli Lilly and Co. (LLY, Financial): Director Jackson P. Tai bought 4,336 shares
Director Jackson P. Tai bought 4,336 shares of LLY stock on July 26 at the average price of $95.22. The price of the stock has increased by 1.45% since.
Eli Lilly and Co. is an American international pharmaceutical company with offices in 18 countries and products sold in more than 120 countries. The company is known for the fact that it is the first company to mass produce the polio vaccine and the first company to produce human insulin. The company has a market capitalization of $103.75 billion, and as of July 27 it traded at $96.60.
On July 24 Eli Lilly and Co. reported second quarter 2018 results. Revenue for the quarter increased 9% to $6.355 billion from $5.824 billion during the same quarter prior year. Earnings per share were a loss of 25 cents compared to earnings per share of 95 cents during the same quarter the prior year.
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.
