Weekly Top Insider Buys: PM, JBL, NAV, DMND, SSI

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Jul 04, 2011
Weekly highlight of top insider buys: Philip Morris International (PM, Financial), Jabil Circuit Inc. (JBL, Financial), Navistar International (NAV, Financial), Diamond Foods Inc. (DMND, Financial), and Stage Stores Inc. (SSI, Financial).


Philip Morris International (PM): Director Sergio Marchionne Bought 1,150 Shares



Director of Philip Morris International, Sergio Marchionne, bought 1,150 shares on 6/23/2011 at an average price of $66.75. Philip Morris International is an international tobacco company, with products sold in over 160 countries. Philip Morris International has a market cap of $118.71 billion; its shares were traded at around $66.75 with a P/E ratio of 16.6 and P/S ratio of 1.7. The dividend yield of Philip Morris International stocks is 3.9%.


On April 21, Philip Morris International reported results for the first quarter of 2011. Reported and adjusted diluted earnings per share were $1.06, up by 17.8% versus $0.90 in 2010, or by 14.4% excluding currency. Reported net revenues, excluding excise taxes, were up by 4.5% to $6.8 billion, or by 4.3% excluding currency, driven by favorable pricing. Reported operating companies income were up by 10.8% to $3.1 billion, or by 8.3% excluding currency.


Philip Morris International is in the portfolios of David Winters, Tom Gayner, Ruane Cunniff, Dodge & Cox, Ronald Muhlenkamp, Tweedy Browne, James Barrow, David Dreman, Donalc Yacktman, Jean-Marie Eveillard, Chris Davis, Kenneth Fisher, NWQ Managers, Joel Greenblatt, Hotchkis & Wiley, and George Soros.


Last week, Director Sergio Marchionne bought 1,150 shares of PM stock.


Jabil Circuit Inc. (JBL): Director Martha Brooks Bought 5,250 Shares



Director of Jabil Circuit Inc., Martha Brooks, bought 5,250 shares on 6/24/2011 at an average price of $20.77. Jabil Circuit Inc. is a worldwide independent provider of electronic manufacturing services. Jabil Circuit Inc. has a market cap of $4.54 billion; its shares were traded at around $20.77 with a P/E ratio of 11.5 and P/S ratio of 0.3. The dividend yield of Jabil Circuit Inc. stocks is 1.4%. Jabil Circuit Inc. had an annual average earnings growth of 4.7% over the past 10 years.


On June 21, Jabil Circuit Inc. reported results for the third quarter of fiscal 2011. Net revenue for the third quarter of fiscal 2011 was $4.2 billion compared to $3.5 billion for the same period of fiscal 2010. GAAP operating income for the third quarter of fiscal 2011 was $152.5 million compared to $96.5 million for the same period of fiscal 2010. GAAP net income for the third quarter of fiscal 2011 was $104.7 million compared to $52.0 million for the same period of fiscal 2010.


Jabil Circuit Inc. is in the portfolios of PRIMECAP Management, Kenneth Fisher, and David Dreman.


Last week, Director Martha Brooks bought 250 shares of JBL stock. COO Mark T. Mondello sold 10,000 shares this month.


Navistar International (NAV): Director Eugenio Clariond Bought 15,000 Shares



Director of Navistar International, Eugenio Clariond, bought 15,000 shares on 6/28/2011 at an average price of $58.35. Navistar International is a holding company and its principal operating subsidiary is Navistar Int'l Transportation Corp. Navistar International has a market cap of $4.22 billion; its shares were traded at around $58.35 with a P/E ratio of 16.2 and P/S ratio of 0.3. Navistar International had an annual average earnings growth of 2.5% over the past five years.


Navistar International is in the portfolios of David Tepper, Arnold Schneider, and Mario Gabelli.


This month, Director David D. Harrison, Director Eugenio Clariond, Director Steven J. Klinger, and Director Diane H. Gulyas bought shares of NAV stock. Executive VP and CFO Andrew J. Cederoth and Chairman, President and CEO Daniel C. Ustian sold shares in April.


Diamond Foods Inc. (DMND): Director Joseph P. Silveira Bought 1,385 Shares



Director of Diamond Foods Inc., Joseph P Silveira, bought 1,385 shares on 6/24/2011 at an average price of $76.53. Diamond Foods is a branded food company specializing in processing, marketing and distributing culinary, snack, in-shell and ingredient nuts under the Diamond of California and Emerald of California brands. Diamond Foods Inc. has a market cap of $1.68 billion; its shares were traded at around $76.53 with a P/E ratio of 31.6 and P/S ratio of 2.5. The dividend yield of Diamond Foods Inc. stocks is 0.2%.


Diamond Foods Inc. is in the portfolios of Ron Baron, and Mario Gabelli.


On June 2, Diamond Foods Inc. reported strong financial results for its third quarter of fiscal 2011 and raised guidance for fiscal year 2011. For the three months ended April 30, 2011 non-GAAP diluted earnings per share (EPS) was $0.52 and non-GAAP net income was $11.8 million, 91 percent above the prior year's comparable net income. On a GAAP basis, EPS was $0.34 compared to $(0.22) for the prior year's comparable period.


Last week, Director Joseph P. Silveira bought 1,385 shares of DMND stock. Chairman, President & CEO Michael J. Mendes bought 1,200 shares in January.


Stage Stores Inc. (SSI): Director Earl J. Hesterberg Bought 5,000 Shares



Director of Stage Stores Inc., Earl J. Hesterberg, bought 5,000 shares on 6/23/2011 at an average price of $17.36. Stage Stores operates retail stores offering moderately priced, nationally recognized brand name apparel, accessories, cosmetics and footwear for the entire family in small towns and communities located primarily throughout the south central United States. Stage Stores Inc. has a market cap of $627 million; its shares were traded at around $17.36 with a P/E ratio of 18.4 and P/S ratio of 0.4. The dividend yield of Stage Stores Inc. stocks is 1.6%.


On May 19, Stage Stores Inc. reported a net loss for the first quarter ended April 30, 2011 of $461 thousand, or $0.01 per share, compared to net income of $2.2 million, or $0.06 per diluted share, for the prior year first quarter ended May 1, 2010.


Stage Stores Inc. is in the portfolios of George Soros and John Keeley.


Last week, Director Earl J. Hesterberg bought 5,000 shares of SSI stock. EVP, HR Ron Lucas sold shares last week.


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