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Weekly Top Insider Buys Highlight for the Week of Dec. 28

- By Shuda Xia

The largest Insider Buys this week were for Delta Air Lines Inc. (DAL), Energy Transfer LP (ET), DISH Network Corp. (DISH) and Arthur J. Gallagher & Co. (AJG).

Delta Air Lines Inc. (DAL): Director George N. Mattson bought 9,000 shares

Director George N. Mattson bought 5,000 shares of DAL stock on Dec. 21 at the average price of $49.41. The price of the stock has increased by 1.56% since.


Delta Air Lines Inc. is a major American airline, operating over 5,400 flights daily. The company serves an extensive domestic and international network, including 319 destinations in 54 countries on six continents. The company is also one of the four founding members of the SkyTeam airline alliance, operating joint ventures with other airlines such as China Eastern Airlines, Virgin Atlantic, Air France-KLM, and Korean Air. The company has a market capitalization of $34.4 billion, and as of Dec. 28 it traded at $50.18.

On Dec. 4 Delta Air Lines Inc. reported operating performance for the month of November 2018. The company carried 2.4 million customers on nearly 23,000 flights with a completion percentage of 99.77% during the Thanksgiving holiday period. In total, the company carried 15.5 million customers across its global network, a record for the month of November. The company expects to generate earnings per share of $1.10 to $1.30 for the December quarter, at the higher end of the company's guidance range.

Energy Transfer LP (ET): CFO Thomas E. Long bought 24,500 shares

CFO Thomas E. Long bought 24,500 shares of ET stock on Dec. 24 at the average price of $12.05. The price of the stock has increased by 5.98% since.

Energy Transfer LP is an American natural gas and propane pipeline transport company. The company is part of the Fortune 500 and is the parent company of Dakota Access LLC. In October of 2018 the company's name was changed to Energy Transfer LP after its merger with Energy Transfer Equity. The company has a market capitalization of $33.42 billion, and as of Dec. 28 it traded at $12.77.

On Dec. 10 Energy Transfer LP announced that its new cash distribution reinvestment plan is now open for enrollment for owners of its common units. The plan became effective when the company filed its Form S-3 registration with the Securities and Exchange Commission on Dec. 10, 2018. Common units purchased through the plan will be sold at a discount ranging from 0% to 5% and investors will not pay any service fees or other charges.

DISH Network Corp. (DISH): Executive Vice President James Defranco bought 30,000 shares

Executive Vice President James Defranco bought 25,000 shares of DISH stock on Dec. 24 at the average price of $25. The price of the stock has decreased by 0.16% since.

DISH Network Corp. is an American satellite and television company that focuses on direct-broadcast satellite service. The company provides satellite television, audio programming, and interactive television services to both commercial and residential customers. The company has a market capitalization of $11.67 billion, and as of Dec. 28 it traded at $24.96.

On Nov. 28 DISH Network Corp. announced that it has appointed Suma Nallapati to the position of Vice President and Chief Digital Officer. She will report to DISH Chief Information Officer Atilla Tinic. Nallapati currently serves on Colorado Governor John Hickenlooper's cabinet as Secretary of Technology and State CIO.

Arthur J. Gallagher & Co. (AJG): Vice President Thomas Joseph Gallagher bought 4,000 shares

VICE PRESIDENT Thomas Joseph Gallagher bought 4,000 shares of AJG stock on Dec. 19 at the average price of $73.2. The price of the stock has decreased by 0.93% since.

Arthur J. Gallagher & Co. is an American international insurance brokerage and risk management services. The company is the third largest insurance broker in the world and is a component of the S&) 500. The company has a market capitalization of $13.32 billion, and as of Dec. 28 it traded at $72.52.

On Oct. 25 Arthur J. Gallagher & Co. reported financial results for the third quarter of 2018 ended Sept. 30, 2018. Reported GAAP revenues for the quarter were $1.05 billion, a 12% increase compared to $938.7 million during the same quarter prior year. GAAP net earnings for the quarter were $122.2 million, a 30% increase compared to $94 million during the same quarter prior 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.

This article first appeared on GuruFocus.