Weekly Stock Insider Buys and Sells by GuruFocus
Citigroup Inc. (NYSE:C): Director Michael E. Oneill Bought 28,200 Shares
Director of Citigroup Inc., Michael E. Oneill, bought 28,200 shares on 11/26/2012 at an average price of $34.57. Citigroup Inc., the global financial services company, has some 200 million customer accounts and does business in more than hundred countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citigroup Inc. has a market cap of $101.38 billion; its shares were traded at around $34.57 with a P/E ratio of 9.88 and P/S ratio of 1.29. The dividend yield of Citigroup Inc. stocks is 0.12%.
On Oct. 15, Citigroup Inc. reported net income for the third quarter 2012 of $468 million, or $0.15 per diluted share, on revenues of $14 billion. Citigroup's net income declined to $468 million in the third quarter 2012 from $3.8 billion in the prior year period.
This month, Director Michael E. Oneill, Director Joan E. Spero, Director William S. Thompson and Controller Jeffrey R. Walsh sold shares of C stock.
Loews Corporation (NYSE:L): Director Ken Miller Bought 5,000 Shares
Director of Loews Corporation, Ken Miller, bought 5,000 shares on 11/29/2012 at an average price of $40.88. Loews Corporation is a holding company. Its subsidiaries are engaged in the following lines of business: property, casualty and life insurance; the production and sale of cigarettes; the operation of hotels; the operation of offshore oil and gas drilling rigs; and the distribution and sale of watches and clocks. Loews Corporation has a market cap of $16.17 billion; its shares were traded at around $40.88 with a P/E ratio of 13.23 and P/S ratio of 1.14. The dividend yield of Loews Corporation stocks is 0.61%. Loews Corporation had an annual average earnings growth of 26% over the past 10 years.
Director Ken Miller bought 5,000 shares of L stock last week, Senior Vice President and CFO Peter W. Keegan, Director Philip A. Laskawy, Co-Chairman of the Board and Chairman of the Executive Committee Andrew H. Tisch, and Co-Chairman of the Board Office of the President Jonathan M. Tisch sold shares this month.
Alcoa Inc. (NYSE:AA): Director Ratan Tata Bought 4,565 Shares
Director of Alcoa Inc., Ratan Tata, bought 4,565 shares on 11/27/2012 at an average price of $8.41. Alcoa Inc. is the world's producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa Inc. has a market cap of $8.97 billion; its shares were traded at around $8.41 with a P/E ratio of 52.56 and P/S ratio of 0.36. The dividend yield of Alcoa Inc. stocks is 1.43%.
On October 9, Alcoa Inc. third quarter 2012 net loss of $143 million, or $0.13 per share, compared to a net loss of $2 million, or $0.00 per share, in second quarter 2012, and net income of $172 million, or $0.15 per share, in third quarter 2011. Adjusted EBITDA for the third quarter was $282 million, down 45 percent from second quarter 2012 mainly due to lower realized prices and special items.
Last week, Director Ratan Tata bought 4,565 shares of AA stock. Director Martin Sorrell bought 4,145 shares in October.
Western Union Company (NYSE:WU): President WU Business Solutions Rajesh K. Agrawal Bought 2,000 Shares
President WU Business Solutions of Western Union Company, Rajesh K. Agrawal, bought 2,000 shares on 11/29/2012 at an average price of $12.61. The Western Union Company is a provider of global money-transfer services. Western Union Company has a market cap of $7.6 billion; its shares were traded at around $12.61 with a P/E ratio of 7.33 and P/S ratio of 1.38. The dividend yield of Western Union Company stocks is 3.17%. Western Union Company had an annual average earnings growth of 6.1% over the past 5 years.
On Oct. 30, Western Union Company reported results for the third quarter of 2012. Revenue was $1.4 billion, a reported increase of 1%, or 3% constant currency, compared to last year's third quarter. Operating margin was 25.7% in the current and prior year period.
This month, President and CEO Hikmet Ersek, President, WU Bus Solutions Rajesh K. Agrawal, Director Solomon D Trujillo, Director Dinyar S. Devitre, and Non-Executive Chairman Jack M. Greenberg bought shares of WU stock.
Huntington Bancshares Inc. (NASDAQ:HBAN): Director Richard W. Neu Bought 20,000 Shares
Director of Huntington Bancshares Inc., Richard W. Neu, bought 20,000 shares on 11/26/2012 at an average price of $6.16. Huntington Bancshares is a multi-state bank holding company. Huntington Bancshares Inc. has a market cap of $5.29 billion; its shares were traded at around $6.16 with a P/E ratio of 9.2 and P/S ratio of 1.79. The dividend yield of Huntington Bancshares Inc. stocks is 2.6%.
On October 18, Huntington Bancshares Incorporated reported 2012 third quarter net income of $167.8 million, up $15.1 million, or 10%, from $152.7 million in the prior quarter. Earnings per common share in the current quarter were $0.19, up $0.02 from the prior quarter. Net income in the year-ago quarter was $143.4 million, or $0.16 per common share.
Last week, Director Richard W. Neu bought 20,000 shares of HBAN stock. Senior Executive Vice President of Principal Subsidiary Daniel B. Benhase bought 10,000 shares in October. Senior Executive Vice President of Principal Subsidiary Daniel J. Neumeyer, CFO and Senior Executive Vice President Donald R. Kimble, and and Director David L. Porteous bought shares in August. Regional Banking Group President James E. Dunlap sold 58,000 shares last week.
Google Inc. (NASDAQ:GOOG): Executive Chairman of Board Eric E. Schmidt sold 153,193 Shares
Executive Chairman of Board of Google Inc. (GOOG) Eric E. Schmidt sold 153,193 shares during the past week at an average price of $698.37.
Google Inc. is a technology company that provides a web based search engine through its website. Google Inc. has a market cap of $219.49 billion; its shares were traded at around $698.37 with a P/E ratio of 20.2 and P/S ratio of 5.8. Google Inc. had an annual average earnings growth of 51.9% over the past 10 years. GuruFocus rated Google Inc. the business predictability rank of 2.5-star.
On Oct. 18, 2012 Google Inc. announced financial results for the quarter ended Sept. 30, 2012. Google Inc. reported consolidated revenues of $14.10 billion for the quarter ended Sept. 30, 2012, an increase of 45% compared to the third quarter of 2011. Google Inc. reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs (NYSE:TAC). In the third quarter of 2012, TAC totaled $2.77 billion, or 26% of advertising revenues.
Executive Chairman of Board Eric E. Schmidt sold 4,993 shares of GOOG stock on 11/27/2012 at the average price of $669.61. Eric E. Schmidt owns at least 196,359 shares after this. The price of the stock has increased by 4.3% since.
Intuitive Surgical Inc. (NASDAQ:ISRG): Chairman of the Board Lonnie M. Smith sold 68,516 Shares
Chairman of the Board of Intuitive Surgical Inc. (ISRG) Lonnie M. Smith sold 68,516 shares during the past week at an average price of $528.77.
Intuitive Surgical Inc. designs and manufactures the da Vinci Surgical System. Intuitive Surgical Inc. has a market cap of $21.46 billion; its shares were traded at around $528.77 with a P/E ratio of 34.8 and P/S ratio of 12.2. Intuitive Surgical Inc. had an annual average earnings growth of 37.4% over the past five years.
Senior Vice President Emerging Procedures and Technology David J. Rosa sold 6,000 shares of ISRG stock on 10/26/2012 at the average price of $538.7. David J. Rosa owns at least 849 shares after this. The price of the stock has decreased by 1.84% since.
Dollar General Corporation (NYSE:DG): Director Adrian M. Jones sold 599,945 Shares
Director of Dollar General Corporation (DG) Adrian M. Jones sold 599,945 shares on 11/28/2012 at an average price of $50.
Dollar General Corporation is a discount retailer in the U.S. Dollar General Corporation has a market cap of $16.22 billion; its shares were traded at around $50 with a P/E ratio of 18.5 and P/S ratio of 1.1.
Director Adrian M. Jones sold 599,945 shares of DG stock on 11/28/2012 at the average price of $49.72. Adrian M. Jones owns at least 13,839,758 shares after this. The price of the stock has increased by 0.56% since.
Regeneron Pharmaceuticals Inc. (NASDAQ:REGN): Chairman of the Board P. Roy Vagelos sold 150,387 Shares
Chairman of the Board of Regeneron Pharmaceuticals Inc. (REGN) P. Roy Vagelos sold 150,387 shares during the past week at an average price of $180.89.
Regeneron Pharmaceuticals Inc. is a biopharmaceutical company that discovers, develops and intends to commercialize therapeutic drugs for the treatment of serious medical conditions. Regeneron Pharmaceuticals Inc. has a market cap of $17 billion; its shares were traded at around $180.89 with a P/E ratio of 82.3 and P/S ratio of 38.1.
On Oct. 24, Regeneron Pharmaceuticals Inc. announced financial and operating results for the third quarter of 2012 and provided an update on development programs. The company reported total revenues of $428 million in the third quarter and $964 million in the first nine months of 2012. Total revenues included EYLEAnet product sales of $244 million in the third quarter and $562 million in the first nine months of 2012. The company reported GAAP net income of $191 million, or $1.72 per diluted share, in the third quarter and $280 million, or $2.55 per diluted share, in the first nine months of 2012.
Senior Vice President Commercial Robert J. Terifay sold 9,745 shares of REGN stock on 11/23/2012 at the average price of $174.45. Robert J. Terifay owns at least 10,903 shares after this. The price of the stock has increased by 3.69% since.
Apple Inc. (NASDAQ:AAPL): Senior Vice President Robert L. Mansfield sold 35,000 Shares
Senior Vice President of Apple Inc. (AAPL) Robert L. Mansfield sold 35,000 shares on 11/28/2012 at an average price of $584.38.
Apple Inc. is engaged in designing, manufacturing and marketing mobile communication and media devices, personal computers and portable digital music players. Apple Inc has a market cap of $535.73 billion; its shares were traded at around $584.38 with a P/E ratio of 12.9 and P/S ratio of 3.4. The dividend yield of Apple Inc stocks is 1.9%. Apple Inc. had an annual average earnings growth of 79.5% over the past 10 years. GuruFocus rated Apple Inc. the business predictability rank of 4.5-star.
On Oct. 25, 2012 Apple announced financial results for its fiscal 2012 fourth quarter ended Sept. 29, 2012. The company posted quarterly revenue of $36.0 billion and quarterly net profit of $8.2 billion, or $8.67 per diluted share. These results compare to revenue of $28.3 billion and net profit of $6.6 billion, or $7.05 per diluted share, in the year-ago quarter. Gross margin was 40 percent compared to 40.3 percent in the year-ago quarter. International sales accounted for 60 percent of the quarter's revenue.
Senior Vice President, General Counsel and Secretary D. Bruce Sewell sold 5,138 shares of AAPL stock on 11/08/2012 at the average price of $549.17. The price of the stock has increased by 6.41% since.
Profit From Insider Trading
Insider behavior matters because research based on real-time signals has shown that a properly modeled picture of insider actions can provide the most accurate reflection of the prospects for the company, industry, economic sector, or even the stock market in general, going forward. This makes perfect sense from an intuitive perspective. Corporate insiders possess all the necessary skills and characteristics that one could use to describe the "successful" investor. These include: A deep knowledge and understanding of the company and/or industry; A demonstrated ability to produce success; The training necessary to understand risk and to control it; The wherewithal (capital) to take advantage of opportunity when it presents itself and finally; A tendency to go against the crowd. In general, insider buys are more useful. Since insiders have exclusive information on the company performance, if they are risking their own money on the stock, usually they should have good reasons, especially when several insiders buy the stock at the same time.
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