The largest insider buys this week were for UnitedHealth Group Inc. (NYSE:UNH), Intel Corp. (NASDAQ:INTC), Qualcomm Inc. (NASDAQ:QCOM) and Kinder Morgan Inc. (NYSE:KMI).
UnitedHealth Group Inc. (NYSE:UNH): Director Timothy Patrick Flynn bought 2,000 shares
Director Timothy Patrick Flynn bought 2,000 shares of UNH stock on Aug. 28 at the average price of $227.55. The price of the stock has increased by 2.83% since.
UnitedHealth Group Inc. is an American managed healthcare company that was ranked number five on the Fortune 500 rankings in 2018 by total revenue. The company focuses on offering healthcare products and insurance services and is the world's largest healthcare company by revenue. The company is also a component of the S&P 100. The company has a market capitalization of $221.76 billion, and as of Aug. 30 it traded at $234.00.
On Aug. 14 UnitedHealth Group Inc. announced that the company's board of directors has declared a cash dividend of $1.08 per share. The dividend will be paid on Sept. 24 to all shareholders of record at the close of business on September 16.
Intel Corp. (NASDAQ:INTC): CFO George S. Davis bought 5,458 shares
CFO George S. Davis bought 5,458 shares of INTC stock on Aug. 28 at the average price of $45.7. The price of the stock has increased by 3.74% since.
Intel Corp. is an American international technology corporation that is the world's largest and highest valued semiconductor chip maker based on revenue. The company is also the inventor of the x86 series of microprocessors, the type of microprocessors found in most personal computers. The company has a market capitalization of $210.03 billion, and as of Aug. 30 it traded at $47.41.
On Aug. 29 Intel Corp. announced that it has begun shipments of the first Intel Agilex field programmable gate arrays to early program customers, including Colorado Engineering Inc., Mantaro Networks, Microsoft and Silicom. These customers are using the new arrays to development advanced solutions for networking and accelerated data analysis.
Qualcomm Inc. (NASDAQ:QCOM): Director Mark D. McLaughlin bought 2,705 shares
Director Mark D. McLaughlin bought 2,705 shares of QCOM stock on Aug. 28 at the average price of $73.84. The price of the stock has increased by 5.32% since.
Qualcomm Inc. is an American international semiconductor and telecommunications equipment company that designs and markets wireless telecommunications products and services. Most of the company's revenue comes from chipmaking and patent licensing businesses. The company has a market capitalization of $94.54 billion, and as of Aug. 30 it traded at $77.77.
On Aug. 27 Qualcomm Inc. announced Qualcomm Networking Pro Series platforms. The new platform is the company's second-generation Wi-Fi 6 networking offering and uses the company's new Wi-Fi 6 architecture. The platform is designed for densely congested networks and allows for the onboarding of many devices without degradation of user experience.
Kinder Morgan Inc. (NYSE:KMI): Executive Chairman, 10% Owner Richard D. Kinder bought 300,000 shares
Executive Chairman, 10% Owner Richard D. Kinder bought 300,000 shares of KMI stock on Aug. 26 at the average price of $19.76. The price of the stock has increased by 2.58% since.
Kinder Morgan Inc. is an American energy infrastructure company that specializes in owning and controlling oil and natural gas pipelines and terminals. Currently, the company is the largest energy infrastructure company in North America and operates approximately 84,000 miles of pipelines and owns about 180 terminals. The company has a market capitalization of $45.89 billion, and as of Aug. 30 it traded at $20.27.
On Aug. 21 Kinder Morgan Inc. announced that it has agreed to sell the company's U.S. portion of the Cochin Pipeline to Pembina Pipeline Corporation for $1.546 billion. The transaction pricing is approximately 13 times the company's expected 2019 Ebitda. Furthermore, Kinder Morgan Canada Limited announced that it has reached an agreement with Pembina under which Pembina has agreed to acquire all the outstanding common equity of Kinder Morgan Canada.
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.
- Warning! GuruFocus has detected 2 Warning Sign with UNH. Click here to check it out.
- UNH 15-Year Financial Data
- The intrinsic value of UNH
- Peter Lynch Chart of UNH