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We believe corporate insiders have an edge over ordinary investors and our research has shown that investors can beat the market simply by imitating the insiders. Why? Well, because insiders understand their companies and the industries far better than other investors. Furthermore, insiders sometimes have material non-public information. They can benefit from such information even when they do not act directly on them. They can delay their purchases when they know negative news is about to be released to the public, and vice versa.

In this article, we are going to take a look at the large cap stocks insiders are buying in December. Below we compiled a list of such stocks. All companies have at least $20 billion market cap and were purchased by at least one insider so far in December. The market data is sourced from Finviz.

Ticker

Company

Insiders

HPQ

Hewlett-Packard Company

1

VMW

VMware, Inc.

1

BLK

BlackRock, Inc.

1

D

Dominion Resources, Inc.

1

CELG

Celgene Corporation

1

RAI

Reynolds American Inc.

1

PSA

Public Storage

1

KMI

Kinder Morgan, Inc.

1

Hewlett-Packard Company (NYSE:HPQ): Hewlett-Packard provides technologies and software solutions to individuals and institutions. John Hammergren bought 1000 shares at $28.2075 on December 2nd. Now HPQ is trading at $25.38. It has a market cap of $51.3B and a P/E ratio of 7.9. Seth Klarman’s Baupost Group invested $466 million in HPQ shares.

VMware, Inc. (NYSE:VMW): VMware provides virtualization solutions from the desktop to the data center. As a large shareholder of VMware, EMC Corp bought 71700 shares at $85.5721 on December 15th. EMC also purchased 68100 shares at $87.8309 on December 14th, 32000 shares at $93.5591 on December 13th, and 31800 shares at $93.7973 on December 12th. Now the stock is trading at $85.19 per share. It has a market cap of $36.2B and a P/E ratio of 57.21. Jim SimonsRenaissance is bullish about VMW. The fund disclosed owning $67 million of the stock at the end of September.

BlackRock Inc (NYSE:BLK): BlackRock is one of the best investment management firms in the world. Bank of America continuously bought BLK during the past few months. The most recent purchase occurred on December 6, when Bank of America bought 105 shares in total at around $174 per share. BLK is now trading at $167.38. It has a market cap of $30.5B and a P/E ratio of 13.43. Billionaire John Paulson also had $146 million invested in BLK.

Dominion Resources, Inc. (NYSE:D): Dominion Resources produces and transports energy. William Barr purchased nearly 1000 shares at $51.0332 on December 5. The stock is now trading at $50.42. It has a market cap of $28.9B and a P/E ratio of 19.33. Phill Gross and Robert Atchinson’s Adage Capital Management invested $40+ million in D shares.

Celgene Corporation (NASDAQ:CELG): Celgene is a biopharmaceutical company. On December 5, Ernest Mario purchased 1000 shares at $61.4 and another 1000 shares at $61.3. The stock is now trading at $64.42. It has a market cap of $28.3B and a P/E ratio of 26.65. Bill Miller’s Legg Mason Capital Management owned $150+ million CELG shares as of September 30.

Reynolds American Inc. (NYSE:RAI): Reynolds manufactures smokeless tobacco products and cigarettes. Richard Thornburgh bought 5000 shares at $40.9384 on December 13. Now the stock is trading at $40.73 per share. It has a market cap of $23.7B and a P/E ratio of 17.83. Jim Simons’ Renaissance Technologies had $50+ million invested in RAI at the end of September.

Public Storage (NYSE:PSA): Public Storage is a real estate investment trust. Uri Harkham bought 1000 shares at $129.8 on December 9. Now the stock is trading at $128.92 per share. It has a market cap of $22.0B and a P/E ratio of 42.23. Ken Heebner’s Capital Growth Management invested $87 million in this stock at the end of the third quarter.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: Large Cap Stocks Insiders Are Buying This Month