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Weekly Top Insider Buys Highlight for the Week of April 19

- By Shuda Xia

The largest Insider Buys this week were for JPMorgan Chase & Co. (JPM), Conagra Brands Inc. (CAG), Valvoline Inc. (VVV) and Hyster-Yale Materials Handling Inc. (HY).

JPMorgan Chase & Co. (JPM): Director Mellody L. Hobson bought 19,700 shares

Director Mellody L. Hobson bought 1,700 shares of JPM stock on April 18 at the average price of $114.26. The price of the stock has decreased by 0.7% since.


JPMorgan Chase & Co. is an American multinational banking and financial services holding company and the largest bank in the U.S. 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 $368.06 billion, and as of April 19 it traded at $113.46.

On April 17 JPMorgan Chase & Co. announced that Jennifer Piepszak, the current CEO of the company's Card Services business, will become CFO for the company and a member of its Operating Committee effective May 1. Piepszak succeeds Marianne Lake, who will become CEO of Consumer Lending, which includes Card Services, Home Lending and Auto finance.

Conagra Brands Inc. (CAG): Director Joie A. Gregor bought 10,000 shares

Director Joie A. Gregor bought 10,000 shares of CAG stock on April 16 at the average price of $29.99. The price of the stock has increased by 1.77% since.

Conagra Brands Inc. is an American packaged food company that manufactures and distributes products under brands such as Hunt's, Healthy Choice, Orville Redenbacher's and Slim Jim. Its products are distributed through both supermarkets and restaurants. The company has a market capitalization of $14.83 billion, and as of April 19 it traded at $30.52.

On April 16, Conagra Brands Inc. announced that its board of directors had approved a quarterly dividend payment of 21.25 cents per share of the company's common stock. The dividend is to be paid on May 31 to stockholders of record at the close of business on April 30.

Valvoline Inc. (VVV): CFO Mary E. Meixelsperger bought 7,500 shares

CFO Mary E. Meixelsperger bought 7,500 shares of VVV stock on April 15 at the average price of $18.71. The price of the stock has increased by 0.69% since.

Valvoline Inc. is an American international marketer and supplier of car lubricants and automotive services, with sales in more than 140 countries. The company ranks as the No. 3 passenger car motor oil brand in the DIY market by volume and operates and franchises more than 1,300 quick-lube locations. The company has a market capitalization of $3.55 billion, and as of April 19 it traded at $18.84.

On March 27, Valvoline Inc. announced that it has acquired a quick lube location in Michigan that is now operating as Valvoline Instant Oil ChangeSM service center. Out of the 50 Valvoline Instant Oil Change quick lubes in Michigan, this new location is the company's 48th company-owned location.

Hyster-Yale Materials Handling Inc. (HY): Group Member David B. Williams bought 1,133 shares

Group member David B. Williams bought 1,133 shares of HY stock on April 10 at the average price of $64.97. The price of the stock has increased by 3.77% since.

Hyster-Yale Materials Handling Inc. is an American manufacturing company that focuses on designing, engineering, manufacturing, and selling a line of lift trucks and aftermarket parts. The company was spun off from NACCO Industries in 2012. Some of the company's subsidiaries include Nuvera Fuel Cells and Bolzoni SPA. The company has a market capitalization of $1.12 billion, and as of April 19 it traded at $67.42.

On Feb. 26, Hyster-Yale Materials Handling Inc. reported fourth quarter and full year 2018 results. Consolidated revenues increased 5.3% from the same quarter the prior year while bookings increased 18.7% and ending backlog increased 30% from the same quarter the prior year. Consolidated revenues were $837.7 million for the quarter while consolidated net loss was $1.2 million, or 7 cents per share for the fourth quarter of 2018.

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.

This article first appeared on GuruFocus.