Top Insider Buys Highlight for the Week of June 19
According to GuruFocus data, the largest Insider Buys this week were for Bristol-Myers Squibb Company (NYSE:BMY), Cigna Corp. (NYSE:CI), Uber Technologies Inc. (NYSE:UBER) and Enterprise Products Partners LP (NYSE:EPD).
Bristol-Myers Squibb Director Dinesh C. Paliwal bought 9,174 shares
Director Dinesh C. Paliwal bought 9,174 shares on June 15 at the average price of $54.50. The price of the stock has increased by 3.5% since.
Bristol-Myers Squibb Company is an American international pharmaceutical company that manufactures prescription pharmaceuticals in various therapeutic areas including cancer, cardiovascular diseases, diabetes, hepatitis and HIV. The company has a market capitalization of $127.64 billion, and as of June 19 it traded at $56.41.
On June 11, Bristol-Myers Squibb Company announced that the company's Board of Directors has declared a quarterly dividend of $0.45 per share on the $0.10 par value common stock of the company. The dividend will be payable on Aug. 3 to stockholders of record at the close of business on July 6.
Cigna Corp Director Eric J. Foss bought 5,460 shares
Director Eric J. Foss bought 5,460 shares of CI stock on June 15 at the average price of $187.37. The price of the stock has increased by 2.15% since.
Cigna Corp. is an American international health services company. The company's insurance subsidiaries are major providers of medical, life and disability insurance and related services. The majority of insurance services offered by the company are offered through employers and other groups. The company has a market capitalization of $70.62 billion, and as of June 19 it traded at $191.40.
On June 17, Cigna Corp. announced that the company is donating $75,000 to the city of Memphis to support Covid-19 testing for underserved and vulnerable communities in the city, including the underinsured, uninsured and homeless. The donation will also provide funding for protective masks, gloves and other equipment.
Uber Technologies Inc. Director Robert Eckert bought 15,740 shares
Director Robert Eckert bought 15,740 shares on June 15 at the average price of $31.60. The price of the stock has increased by 2.22% since.
Uber Technologies Inc. is an American international transportation company that focuses on providing peer-to-peer ride sharing, ride service hailing and food delivery services, which can be accessed via the company's websites and mobile apps. The company has operations in over 785 metropolitan areas worldwide. The company has a market capitalization of $56.01 billion, and as of June 19 it traded at $32.30.
On May 13, Uber Technologies Inc. announced the pricing of $900 million principal amount of 7.5% senior notes due 2025. The principal amount was increased from the previously announced offering size of $750 million and was offered only to persons believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. The sale of the notes closed on May 15.
Enterprise Products Partners LP Executive Vice President & Chief Operating Officer Graham W. Bacon bought 10,000 shares
Executive Vice President & COO Graham W. Bacon bought 10,000 shares on June 17 at the average price of $19.70. The price of the stock has decreased by 3.05% since.
Enterprise Products Partners LP is an American natural gas and crude oil pipeline company that is a member of the Fortune 500. The company's products include crude oil, refined products and petrochemicals. The company also transports oil and gas across over 51,000 miles of pipelines across multiple states and through the Gulf of Mexico. The company has a market capitalization of $41.75 billion, and as of June 19 it traded at $19.10.
On June 17, Enterprise Products Partners LP announced that the company's ethylene export terminal at Morgan's Point, Texas, a joint venture with Navigator Holdings Ltd., has exceeded design interim loading capacity and expects to export more than 175 million pounds for the current month. The partnership expects to complete the construction of an aboveground ethylene storage tank by the end of 2020, bringing the total loading capacity of the marine terminal to 2.2 billion pounds per year.
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.
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This article first appeared on GuruFocus.
