Weekly Top Insider Buys Highlight for the Week of March 3

GuruFocus.com

Sat, Mar 4, 2017, 5:20 PM

- By Shuda Xia

The largest insider buys this week were for Bristol-Myers Squibb Company (BMY), MetLife Inc. (MET), Target Corp (TGT) and United Continental Holdings Inc. (UAL).

Bristol-Myers Squibb Company (BMY): Director Theodore R. Samuels II bought 12,000 shares

Director Theodore R. Samuels II bought 12,000 shares of Bristol-Myers stock on Feb. 27, 2017, at the average price of $56.77. The price of the stock has increased by 0.86% since.

Warning! GuruFocus has detected 2 Warning Signs with BMY. Click here to check it out.
BMY 15-Year Financial Data
The intrinsic value of BMY
Peter Lynch Chart of BMY

Bristol-Myers Squibb Company is an American international pharmaceutical company that manufactures prescription pharmaceuticals in various therapeutic areas including cancer, cardiovascular diseases, diabetes, hepatitis and HIV. The current CEO of the company is Dr. Giovanni Caforio and the company had 25,000 employees as of December 2015. The company has a market cap of $95.78 billion, and as of March 3 traded at $57.26.

On March 2, Bristol-Myers Squibb Company declared a quarterly dividend of 39 cents per share on the common stock of the corporation. The quarterly dividend will be payable on May 1 to stockholders of record at the close of business on April 7. The company also declared a quarterly dividend of 50 cents per share on the $2.00 convertible preferred stock of the corporation, payable on June 1 to stockholders of record at the close of business on May 9.

MetLife Inc. (MET): Director James M. Kilts bought 2,795 shares

Director James M Kilts bought 2,795 shares of MET stock on 03/01/2017 at the average price of $54.17. The price of the stock has increased by 1.22% since.

MetLife Inc. is an American international provider of financial services such as insurance, annuities, and employee benefit programs. The company is one of the largest financial services providers in the world with 90 million customers in over 60 countries as of 2015. MetLife Inc. holds leading market positions in the United States, Japan, Latin America and Europe markets through its subsidiaries and affiliates. The company has a market cap of $58.51 billion, and as of March 3 it traded at $54.83.

On March 2, MetLife Inc. announced that it has originated $3.6 billion in domestic agricultural loans in 2016 through its subsidiaries and affiliates. MetLife's Agricultural Finance Group is one of largest agricultural mortgage lenders in the nation with a loan portfolio at year-end 2016 of $14.7 billion. In 2016, the company's average loan-to-value ratio of its agricultural mortgage portfolio remained at 43%.

Target Corp. (TGT): Executive Officer Cathy R. Smith bought 5,000 shares

Executive Officer Cathy R. Smith bought 5,000 shares of Target stock on 03/01/2017 at the average price of $58.95. The price of the stock has decreased by 2.71% since.

Executive Officer Don H Liu bought 2,000 shares of Target stock on March 2, 2017 at the average price of $58.2. The price of the stock has decreased by 1.46% since.

Target Corp. is an American international discount store retailer. It is the second largest discount store retailer in the U.S. behind Walmart. As of 2016, the company operates 1,803 stores in the U.S. and has 341,000 employees. The company has a market cap of $32.35 billion, and as of March 3 it traded at $57.35.

On Feb. 28, Target Corp. announced released its fourth-quarter and full-year 2016 earnings. Fourth quarter comparable sales decreased 1.5% compared to the guidance range of 1.5% to 1.0% and fourth quarter comparable digital channel sales increased 34%. Overall, the company's full-year adjusted EPS increased 6.7% to $5.01.

United Continental Holdings Inc. (UAL): Executive Vice President and CFO Andrew C. Levy bought 10,000 ahares

Executive Vice President and CFO Andrew C. Levy bought 10,000 shares of United Continental Holdings stock on Feb. 28, 2017 at the average price of $74.81. The price of the stock has increased by 1.04% since.

Executive Vice President of HR and Labor Relations Michael P. Bonds sold 4,739 shares of United Continental Holdings stock on Feb. 1, 2017 at the average price of $75.93. The price of the stock has decreased by 0.45% since.

United Continental Holdings Inc. is an American international airline holding company that operates and owns United Airlines. The company is the world's largest airline as measured by revenue passenger miles. The company has major operations in key airports across the U.S. including at the Chicago-O'Hare, Denver, Los Angeles, San Francisco and Washington-Dulles airports. The company has a market cap of $23.78 billion, and as of March 3 it traded at $75.59.

On Feb. 27, United Continental Holdings Inc. announced that it will add service to 31 additional destinations across the U.S. and Europe. The carrier will add an unprecedented seasonal route between San Francisco and Munich and upgrade several planes to the new Boeing 777-300ER.

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.