Weekly Top Insider Buys Highlight for the Week of Feb. 16

GuruFocus.com

Sun, Feb 18, 2018, 4:18 PM

Wells Fargo & Co. is an American international banking and financial services holding company. The bank is the world's second largest bank by market capitalization and the third largest bank in the United States by assets. The company is the second largest bank in deposits, home mortgage servicing, and debit cards. The company has a market capitalization of $293.25 billion, and as of Feb. 16 it traded at $59.95.

On Feb. 16 Wells Fargo & Co. announced dividends on twelve series of preferred stock. A quarterly cash dividend of $20.00 per share was declared on its 8% non-cumulative perpetual class A preferred stock, Series J, liquidation preference $1,000 per share. The dividend equals $0.50 per depositary share, each represent a one fortieth interest in a share of series J preferred stock. A quarterly cash dividend of $18.75 per share was also declared on the company's 7.5% non-cumulative perpetual convertible class A preferred stock.

Ford Motor Co. (NYSE:F): Director John C. Lechleiter bought 5,000 shares

Director John C. Lechleiter bought 5,000 shares of F stock on Feb. 9 at the average price of $10.28. The price of the stock has increased by 3.21% since.

Ford Motor Co. is an American international automaker that sells automobiles and commercial vehicles under the Ford brand and most luxury models under the Lincoln brand. The company also owns Brazilian SUV manufacturer Troller and Australian performance car manufacturer FPV. The company has multiple joint-ventures in China, Taiwan, Thailand, Turkey, and Russia. The company has a market capitalization of $42.16 billion, and as of Feb. 16 it traded at $10.61.

On Jan. 25 Ford Motor Co. announced that Brian Schaaf has been named as chief financial officer and treasurer. Currently, Mr. Schaaf is controller of Ford Motor Company Global Purchasing. Mr. Schaaf will be responsible for Ford Credit financial planning, analysis, accounting, and capital strategy.

Southwest Airlines Co. (LUV): Director William H. Cunningham bought 3,500 shares

Director William H. Cunningham bought 3,500 shares of LUV stock on Feb. 12 at the average price of $56.25. The price of the stock has increased by 3.59% since.

Southwest Airlines Co. is an American airline, and the world's largest low-cost carrier. The airline has more than 53,000 employees as of October 2016 and operates more than 3,900 departures a day during peak travel season. The company has schedule services to 101 destinations as of August 2017 and eight addition countries were added in November 2017. The company has a market capitalization of $34.26 billion, and as of Feb. 16 it traded at $58.27.

On Feb. 7 Southwest Airlines Co. reported its January preliminary traffic statistics. The company flew 9.7 billion revenue passenger miles in January 2018, an increase of 4% compared to 9.4 billion revenue passenger miles flown during the same period last year. Available seat miles increased 1.9% to 12.5 billion for January 2018, compared to 12.3 billion during the same period last year.

Tyson Foods Inc. (TSN): Director Jeffrey K. Schomburger bought 2,700 shares

Director Jeffrey K. Schomburger bought 2,700 shares of TSN stock on Feb. 9 at the average price of $74.83. The price of the stock has increased by 1.58% since.

Tyson Foods Inc. is an American international food processing corporation that is the world's second largest processor and marketer of chicken, beef, and pork. The company also annually exports the largest percentage of beef out of the United States. Some of its major food brands include Jimmy Dean, Hillshire Farm, Sara Lee, and Wright Brand. The company has a market capitalization of $27.93 billion, and as of Feb. 16 it traded at $76.01.

On Feb. 14 Tyson Foods Inc. announced that it has signed a definitive agreement to purchase three commercial grain elevators from the Grain Group of The Andersons, Inc. located in western Tennessee. The elevators are located Dyer, Humboldt, and Kenton and will support the company's existing operations in Union City as well as its planned chicken complex in Humboldt.

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.