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Weekly Top Insider Buys Highlight for the Week of April 5

- By Shuda Xia

The largest Insider Buys this week were for Costco Wholesale Corp. (COST), Walgreens Boots Alliance Inc. (WBA), Lyft Inc. (LYFT), and EQT Corp. (EQT).

Costco Wholesale Corp. (COST): Director John W. Meisenbach bought 3,000 shares

Director John W. Meisenbach bought 3,000 shares of COST stock on April 1 at the average price of $242.65. The price of the stock has increased by 1.37% since.


Costco Wholesale Corp. is an American international retail corporation that operates a chain of membership-only warehouse clubs under the same name. The company is ranked number 15 on the Fortune 500 rankings and the company is also planning to open a warehouse in China in 2019. The company has a market capitalization of $108.2 billion, and as of April 5 it traded at $242.65.

On March 7 Costco Wholesale Corp. reported its fiscal results for the second quarter of 2019 ended Feb. 17. Net sales for the quarter increased 7.3% to $34.63 billion from $32.28 billion during the same quarter prior year. Net sales for the first 24 weeks increased 8.7% to $68.94 billion, from $63.40 billion last year. Reported net income for the quarter was $889 million, or $2.01 per diluted share, compared to a net income of $701 million, or $1.59 per diluted share, during the same quarter prior year.

Walgreens Boots Alliance Inc. (WBA): Co-COO Ornella Barra bought 18,000 shares

Co-COO Ornella Barra bought 18,000 shares of WBA stock on April 3 at the average price of $54.56. The price of the stock has decreased by 0.02% since.

Walgreens Boots Alliance Inc. is an American holding company that owns Walgreens, Boots, and other pharmaceutical manufacturing, wholesale, and distribution companies. The company is organized into three divisions: Retail Pharmacy USA, known as Walgreens, Retail Pharmacy International, known as Boots, and Pharmaceutical Wholesale. The company has a market capitalization of $49.88, and as of April 5 it traded at $54.55.

On April 2 Walgreens Boots Alliance Inc. reported its second quarter 2019 fiscal results. Sales increased 4.6% to $34.5 billion year-over-year, while operating income decreased 23.3% to $1.5 billion. Adjusted operating income likewise decreased 10.4% to $1.9 billion. Year-over-year earnings per share decreased 8.3% to $1.24, while adjusted earnings per share decreased 5.4% to $1.64.

Lyft Inc. (LYFT): Director Mary Agnes Wilderotter bought 3,500 shares

Director Mary Agnes Wilderotter bought 3,500 shares of LYFT stock on April 2 at the average price of $72. The price of the stock has increased by 3.76% since.

Lyft Inc. is an American transportation network company. The company focuses on developing, marketing, and operating the Lyft mobile app. The company has operations in approximately 300 U.S. cities and provides over 1 million rides per day. The company has a market capitalization of $21.36 billion, and as of April 5 it traded at $74.71.

On March 28 Lyft Inc. announced the pricing of its initial public offering of its Class A common stock at a price of $72.00 per share. The company is offering 32,500,000 shares of its Class A common stock and up to an additional 4,875,000 shares that the underwriters have the option to purchase. The offering began trading on March 29 and closed on April 2.

EQT Corp. (EQT): EVP, Production Erin R. Centofanti bought 7,765 shares

EVP, Production Erin R. Centofanti bought 7,765 shares of EQT stock on March 29 at the average price of $20.83. The price of the stock has increased by 3.65% since.

EQT Corp. is an American petroleum and natural gas exploration and pipeline company. The company is one of the largest natural gas produces in the Appalachian Basin, with more than 13 trillion cubic feet equivalent of proved natural gas, natural gas liquids, and petroleum reserves across approximately 3.6 million gross acres. The company also owns a controlling interest in EQT Midstream Partners, LP. The company has a market capitalization of $5.5 billion, and as of April 5 it traded at $21.59.

On March 7 EQT Corp. announced the appointment of Gary E. Gould as executive vice president and chief operating officer, effective upon the commencement of his employment with the company in April of 2019. Mr. Gould has more than three decades of industry experience and has most recently served as senior vice president of production and resource development at Continental Resources Inc.

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.