Weekly Top Insider Buys Highlight for the Week of Oct. 26
- By Shuda Xia
The largest Insider Buys this week were for JPMorgan Chase & Co. (JPM), BlackRock Inc. (BLK), Crown Castle International Corp. (CCI) and VF Corp. (VFC).
JPMorgan Chase & Co. (JPM): Director Mellody L. Hobson bought 1,150 shares
Director Mellody L. Hobson bought 1,150 shares of JPM stock on Oct. 19 at the average price of $108.94. The price of the stock has decreased by 4.29% since.
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The intrinsic value of JPM
JPMorgan Chase & Co. is an American multinational banking and financial services holding company and the largest bank in the United States. The company is also the world's third largest bank by total assets, totaling roughly $2.5 trillion. The company offers services in investment banking, asset management, private banking, and private wealth management. The company has a market capitalization of $341.55 billion, and as of Oct. 26 it traded at $104.27.
On Oct. 15 JPMorgan Chase & Co. declared preferred stock dividends of $136.25 for its 5.45% Series P stock, $167.50 for its 6.70% Series T stock, and $157.50 for its 6.30% Series W stock, among others. The dividend will be payable on Dec. 3 to stockholders of record at the close of business on Nov. 1.
BlackRock Inc. (BLK): Director William E. Ford bought 4,000 shares
Director William E. Ford bought 2,000 shares of BLK stock on Oct. 22 at the average price of $395.21. The price of the stock has decreased by 1.41% since.
BlackRock Inc. is an American international investment management corporation that initially focused on risk management and fixed income institutional asset management. The company is the largest asset manager in the world and operates 70 offices in 30 countries with clients in more than 100 countries. The company has a market capitalization of $60.52 billion, and as of Oct. 26 it traded at $389.65.
On Oct. 16 BlackRock Inc. reported third quarter 2018 results. Diluted earnings per share were $7.54, or $7.52 as adjusted. Revenue grew 2% year over year while operating income increased 1% year over year. Diluted earnings per share grew 31%, or 27% as adjusted, and the quarterly dividend was $3.13 per share.
Crown Castle International Corp. (CCI): Director Anthony J. Melone bought 5,478 shares
Director Anthony J. Melone bought 5,478 shares of CCI stock on Oct. 23 at the average price of $105.99. The price of the stock has decreased by 0.93% since.
Crown Castle International Corp. is an American wireless communication services company. The company is the United States' largest provider of shared communications infrastructure with more than 40,000 cell towers and approximately 60,000 route miles of fiber supporting small cells and fiber solutions. The company has a market capitalization of $43.58 billion, and as of Oct. 26 it traded at $105.99.
On Oct. 18 Crown Castle International Corp. announced that its Board of Directors has declared a quarterly cash dividend of $1.125 per common share. The dividend will be payable on Dec. 31 to stockholders of record at the close of business on Dec. 14.
VF Corp. (VFC): Director Juliana L. Chugg bought 6,400 shares
Director Juliana L. Chugg bought 6,400 shares of VFC stock on Oct. 25 at the average price of $77.6. The price of the stock has increased by 2.81% since.
VF Corp. is an American international apparel and footwear company that operates through more than 30 brands. The company's brands are organized into four categories: Outdoor, Active, Work, and Jeans. The company has a market capitalization of $31.63 billion, and as of Oct. 26 it traded at $79.78.
On Oct. 19 VF Corp. reported second quarter fiscal 2019 results. Revenue increased 15% to $3.9 billion for the quarter while gross margins decreased 10 basis points to 50.1 percent. Earnings per share from operations was $1.26, while adjusted earnings per share from operations increased 19% to $1.43 for the quarter.
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.
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The intrinsic value of JPM
