Weekly Top Insider Buys: GE, BAC, SBUX, D, BLK

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Feb 06, 2012
According to GuruFocus Insider Data, these are the largest insider buys during the past week: General Electric Co. (GE, Financial), Bank of America Corp. (BAC, Financial), Starbucks Corp. (SBUX, Financial), Dominion Resources Inc. (D, Financial) and BlackRock Inc. (BLK, Financial).


The overall trend of insiders is illustrated in the chart below:


General Electric Co. (GE): Director Alan G. Lafley Bought 10,000 Shares



Director of General Electric Co., Alan G. Lafley, bought 10,000 shares on 1/31/2012 at an average price of $19.02. General Electric is one of the largest and most diversified industrial corporations in the world. General Electric Co. has a market cap of $200.8 billion; its shares were traded at around $19.02 with a P/E ratio of 14.19 and P/S ratio of 1.36. The dividend yield of General Electric Co. stocks is 3.58%. General Electric Co. had an annual average earnings growth of 7.3% over the past 10 years.


On January 20, General Electric Co. announced fourth-quarter 2011 operating earnings of $4.1 billion, or $0.39 per share, up 6% and 11% respectively from the fourth quarter of 2010. Revenues were $38.0 billion for the quarter and $147.3 billion for the year. Record Infrastructure orders of $28.6 billion in the fourth quarter enabled GE to end the year with a backlog of $200 billion, the largest in its history.


Last week, Director Alan G. Lafley bought 10,000 shares of GE stock.


Bank of America Corp. (BAC): Director Susan S. Bies Bought 50,000 Shares



Director of Bank of America Corp., Susan S. Bies, bought 50,000 shares on 2/01/2012 at an average price of $7.84. Bank of America Corp. is one of the world's financial services companies. Bank of America Corp. has a market cap of $79.45 billion; its shares were traded at around $7.84 with and P/S ratio of 0.69. The dividend yield of Bank of America Corp. stocks is 0.51%.


On January 19, Bank of America Corp. reported net income of $2.0 billion, or $0.15 per diluted share, for the fourth quarter of 2011, compared with a net loss of $1.2 billion, or $0.16 per diluted share in the year-ago period. Revenue, net of interest expense, on a fully taxable-equivalent basis rose 11 percent to $25.1 billion.


Last week, Director Donald E. Powell and Director Susan S. Bies bought shares of BAC stock.


Starbucks Corp. (SBUX): Director Myron E Ullman III Bought 10,000 Shares



Director of Starbucks Corp., Myron E. Ullman III bought 10,000 shares on 1/30/2012 at an average price of $48.32. Starbucks Corporation purchases and roasts high-quality whole bean coffees and sells them along with fresh, rich-brewed, Italian style espresso beverages, a variety of pastries and confections, and coffee-related equipments primarily through its company-operated retail stores. Starbucks Corp. has a market cap of $36.02 billion; its shares were traded at around $48.32 with a P/E ratio of 30.78 and P/S ratio of 3.08. The dividend yield of Starbucks Corp. stocks is 1.41%. Starbucks Corp. had an annual average earnings growth of 18.7% over the past 10 years. GuruFocus rated Starbucks Corp. the business predictability rank of 3-star.


On January 26, Starbucks Corporation reported financial results for its 13-week fiscal first quarter ended January 1, 2012. Total net revenues increased 16% to a record $3.4 billion. Global comparable store sales increased 9%, driven by a 7% increase in traffic and a 2% increase in average ticket. EPS increased 11% to a record $0.50 per share, compared to $0.45 per share in the first quarter of fiscal year 2011.


Last week, Director Myron E. Ullman III and Director Craig Weatherup sold shares of SBUX stock. President Americas and U.S. Clifford Burrows sold 23,000 shares in December. Chairman, President and CEO Howard D. Schultz and CFO and CAO Troy Alstead sold shares in November.


Dominion Resources Inc. (D): Director Dr. Peter W. Brown Bought 5,000 Shares



Director of Dominion Resources Inc., Dr. Peter W. Brown, bought 5,000 shares on 1/31/2012 at an average price of $50.38. Dominion Resources is a producer of energy. Dominion has one of the larger British Thermal Unit production capability among integrated utilities in the northeast quadrant of the United States. Dominion Resources Inc. has a market cap of $28.7 billion; its shares were traded at around $50.38 with a P/E ratio of 16.52 and P/S ratio of 2. The dividend yield of Dominion Resources Inc. stocks is 3.91%. Dominion Resources Inc. had an annual average earnings growth of 4.5% over the past 10 years.


On January 27, Dominion Inc. announced unaudited reported earnings determined in accordance with Generally Accepted Accounting Principles (GAAP) for the 12 months ended Dec. 31, 2011, of $1.41 billion ($2.45 per share), compared with reported earnings of $2.81 billion ($4.76 per share) for the same period in 2010.


Last week, President and CEO Thomas F. Farrell II, Director Mark J. Kington, EVP and Chief Financial Officer Mark F. McGettrick, and Director Dr. Peter W. Brown bought shares of Dstock. Director William P. Barr bought 980 shares in December.


BlackRock Inc. (BLK): Director Murry Gerber Bought 6,000 Shares



Director of BlackRock Inc., Murry Gerber, bought 6,000 shares on 2/02/2012 at an average price of $188.64. BlackRock Inc. is one of the largest investment management firms in the U.S. BlackRock Inc. has a market cap of $25.48 billion; its shares were traded at around $188.64 with a P/E ratio of 15.92 and P/S ratio of 2.81. The dividend yield of BlackRock Inc. stocks is 2.92%. BlackRock Inc. had an annual average earnings growth of 24.9% over the past 10 years. GuruFocus rated BlackRock Inc. the business predictability rank of 4-star.


On January 19, BlackRock Inc. reported full year diluted EPS of $12.37, up 17% from 2010. Fourth quarter 2011 net income of $555 million was down 7% from third quarter 2011 and 16% from a year ago. Operating income for the fourth quarter and full year 2011 was $808 million and $3.2 billion, respectively. The full year 2011 operating margin was 35.8%. In the fourth quarter, BlackRock repurchased approximately 618,000 shares.


Last week, Director Murry Gerber bought 6,000 shares of BLK stock. Director of America Corp /de/ Bank bought 134 shares in November. President Robert Kapito, Senior Managing Director N. James Charrington, and Chairman and CEO Laurence Fink sold shares last week; Senior Managing Director J. Richard Kushel sold 25,000 shares last month.


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