U.S. Markets closed

Weekly CEO Buys Highlight: UPS, HP

According to GuruFocus Insider Data, these were the largest CEO buys during the past week.

United Parcel Service

United Parcel Service Inc. (NYSE:UPS) CEO Carol B. Tome bought 10,100 shares on May 29 at a price of $99.33. The price of the stock has increased by 7.37% since then.

56b819d758e1d35c4d3b558e0cda95fc.png


As the world's largest parcel delivery company, UPS manages a fleet of more than 500 planes and 100,000 vehicles, along with many hundreds of sorting facilities, to deliver an average of about 22 million packages per day to residences and businesses across the globe. UPS' domestic U.S. package operations generate 61% of total revenue, while international package makes up 20%. Less-than-truckload shipping, air and ocean freight forwarding, truckload brokerage and contract logistics make up the remaining 19%.

The company has a market cap of $91.95 billion. Its shares traded at $106.65 with a price-earnings ratio of 21.59 as of June 5.

Net income for the first quarter of 2020 was $965 million compared to $1.11 billion for the prior-year period.

B. Riley Financial

B. Riley Financial Inc. (NASDAQ:RILY) Chairman, Co-CEO and 10% Owner Bryant R. Riley bought 40,000 shares on June 3 at a price of $20.81. Since then, the price of the stock has increased by 10.14%.

fe7f4b283b17fe7c3453a1305243680e.png

B. Riley Financial is a diversified financial services company. The company offers investment banking and financial services to corporate, institutional and high net worth clients as well as asset disposition, valuation and appraisal and capital advisory services to retail, wholesale, institutional, lenders, capital providers, private equity investors and professional services firms.

The company has a market cap of $591.96 million. Its shares traded at $22.92 as of June 5.

First quarter 2020 net loss was $99.25 million compared to net income of $7.98 million for the first quarter of 2019.

Riley also bought 1,835 shares on May 21 at a price of $18.25. The price of the stock has increased by 25.59% since then.

OPKO Health

OPKO Health Inc. (NASDAQ:OPK) CEO, Chairman and 10% Owner Phillip Frost bought 200,000 shares during the past week at the average price of $2.35.

bc5034491e164004257d186b481bf0c9.png

OPKO Health is a diversified biotechnology company that operates pharmaceutical and diagnostic development programs. It has a development and commercial supply pharmaceutical company, a global supply-chain operation and holding company and a specialty active pharmaceutical ingredients manufacturer in Israel.

The company has a market cap of $1.57 million. Its shares traded at $2.35 as of June 5.

Net loss for the first quarter of 2020 was $59.1 million compared with a net loss of $80.8 million for the comparable period of 2019.

Frost bought 250,000 shares on May 26 at a price of $2.35; 100,000 shares on May 28 at a price of $2.16; 100,000 shares on June 2 at a price of $2.42; and 100,000 shares on June 3 at a price of $2.27. Since then, the price of the stock has increased by 3.52%.

HP Inc.

HP Inc. (NYSE:HPQ) President and CEO Enrique Lores bought 13,500 shares on June 2 at a price of $15.36. The price of the stock has increased by 13.35% since then.

99966ac0ddf9c0a3ce150bb10aa7f078.png

HP Inc. is a leading provider of personal computers, printers and printer supplies. In 2015, Hewlett-Packard was separated into HP Inc. and Hewlett Packard Enterprise. The Palo Alto, California based company sells on a global scale with 63% of fiscal 2017 revenue derived from outside the United States.

The company has a market cap of $24.89 billion. Its shares traded at $17.41 with a price-earnings ratio of 8.53 as of June 5.

Net earnings for the second quarter of 2020 were $800 million compared to $800 million for the prior-year period.

Director Robert R. Bennett bought 50,000 shares on May 29 at a price of $14.95 and 17,000 shares on June 2 at a price of $15.11. Since then, the price of the stock has increased by 15.22%.

For the complete list of stocks bought by their company CEOs, go to: CEO Buys.

Disclosure: I do not own stock in any of the companies mentioned in the article.

Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here.

This article first appeared on GuruFocus.