The largest Insider Buys this week were for American Express Co. (AXP, Financial), Schlumberger Ltd. (SLB, Financial), Allergan PLC (AGN, Financial) and Keurig Dr Pepper Inc. (KDP, Financial).
American Express Co. (AXP, Financial): CFO and COO Scott Murcray bought 350,000 shares
CFO and COO Scott Murcray bought 350,000 shares of AXP stock on Sept. 3 at the average price of $0.28.
American Express Co. is an American international financial services company that is one of the thirty components of the Dow Jones Industrial Average. The company is best known for its charge card, credit card, and traveler’s check businesses. The company has a market capitalization of $91.34 billion, and as of Sept. 7 it traded at $106.08.
On Aug. 23 American Express Co. and Marriott International Inc. announced that the new Starwood Preferred Guest American Express luxury card. Furthermore, the SPG American Express Consumer credit card and SPG American Express Business credit card now come with updated benefits for all new and existing card members.
Schlumberger Ltd. (SLB, Financial): Director Michael E. Marks bought 8,000 shares
Director Michael E. Marks bought 8,000 shares of SLB stock on Sept. 6 at the average price of $60.31. The price of the stock has decreased by 1.01% since.
Schlumberger Ltd. is the world’s largest oilfield services company that employs more than 100,000 people in more than 85 countries. The company was founded in France but has principal executive offices in all over the world, including in Paris, France, Houston, U.S., London, U.K., the Hague, Netherlands, and Willemstad, Curacao. The company has a market capitalization of $82.63 billion, and as of Sept. 7 it traded at $59.70.
On Aug. 22 Schlumberger Ltd. announced that it has entered into a definitive agreement with Shearwater GeoServices Holding AS for Shearwater to acquire the marine seismic acquisition assets and operations of WesternGeco, the geophysical services product line of Schlumberger. The two companies are expected to close the transaction during the fourth quarter of 2018.
Allergan PLC (AGN, Financial): Director Christopher J. Coughlin bought 10,000 shares
Director Christopher J. Coughlin bought 10,000 shares of AGN stock on Sept. 6 at the average price of $190.64. The price of the stock has decreased by 0.21% since.
Allergan PLC is an Irish international pharmaceutical company that produces both branded and generic drugs. The company also performs pharmaceutical research and development. The company’s key products include Actonel, Acuvail, Aczone, Lumigan, Namenda, Ozurdex, and Rapaflo. The company has a market capitalization of $64.58 billion, and as of Sept. 7 it traded at $190.24.
On Aug. 29 Allergan PLC announced that Paul Bisaro will be retiring from its board of directors as part of the company’s ongoing board refreshment process. Mr. Bisaro has served on the company’s board of directors since 2007, when he joined Watson Laboratories as CEO. After Mr. Bisaro’s retirement, the company’s board of directors will have 11 members, 10 of which are independent.
Keurig Dr Pepper Inc. (KDP, Financial): Chief Concentrate Officer James R. Trebilcock bought 29,734 shares
Chief Concentrate Officer James R. Trebilcock bought 29,734 shares of KDP stock on Sept. 4 at the average price of $22.76. The price of the stock has increased by 0.53% since.
Keurig Dr. Pepper Inc. is an American beverage conglomerate. Its East-coast division sells coffee, beverages, and Keurig brewers. As of July 2018, the company also sells sodas, juices, and other soft drinks from its Dr. Pepper Snapple division in Texas. The company has a market capitalization of $31.77 billion, and as of Sept. 7 it traded at $22.88.
On July 9 Keurig Dr. Pepper Inc. announced the successful completion of the merger between Keurig Green Mountain and Dr. Pepper Snapple Group. The transaction created the seventh largest company in the United States food and beverage sector and third largest beverage company in North America. The company’s annual revenues are approximately $11 billion.
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.
