Yahoo Finance Weekly Top Insider Buys Highlight for the Week of Sept. 29
- By Shuda Xia
The largest Insider Buys this week were for Campbell Soup Co. (CPB), Tiffany & Co. (TIF), UDR Inc. (UDR) and L Brands Inc. (LB).
Campbell Soup Co. (CPB): Senior Vice President Luca Mignini bought 4,300 shares.
Senior Vice President Luca Mignini bought 4,300 shares of CPB stock on Sept. 27 at the average price of $46.47. The price of the stock has increased by 0.75% since.
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The intrinsic value of CPB
Campbell Soup Co. is an American international producer of canned soups and related products. The company's products are sold in 120 countries. The company is divided into three divisions: the simple meals division, the baked snacks division, which consists of Pepperidge Farm, and the health beverage division, which includes V8 juices. The company has a market cap of $14.07 billion, and as of Sept. 29 it traded at $46.82.
On Sept. 27 Campbell Soup Co. declared a regular quarterly dividend on the company's capital stock of $0.35 per share. The quarterly dividend is payable on Oct. 30, to shareholders of record at the close of business on Oct. 13.
Tiffany & Co. (TIF): Director Francesco Trapani bought 25,000 shares
Director Francesco Trapani bought 25,000 shares of TIF stock on Sept. 26 at the average price of $89.34. The price of the stock has increased by 2.73% since.
Tiffany & Co. is an American luxury and jewelry and specialty retailer that focuses on selling jewelry, sterling silver, china, crystal, stationary, fragrances, water bottles, watches, leather goods and various other personal accessories. The company is particularly known for its diamond and sterling silver jewelry. The company has a market cap of $11.43 billion, and as of Sept. 29 it traded at $91.78.
On Aug. 24 Tiffany & Co. reported its financial results for second quarter 2017 ended July 31. The company reported an increase of 3% in worldwide net sales to $960 million, while comparable store sales declined 2%. Furthermore, net earnings rose 9% to $115 million, or $0.92 per diluted share, from $106 million, or $0.84 per diluted share, in the same period prior year.
UDR Inc. (UDR): Director Clinton D. McDonnough bought 2,000 shares
Director Clinton D. McDonnough bought 2,000 shares of UDR stock on Sept. 26 at the average price of $38.17. The price of the stock has decreased by 0.37% since.
UDR Inc. is an American real estate investment trust that specializes in multifamily real estate. As of Dec. 31, 2016, the company owns interests in 127 apartment communities containing 39,454 apartment units. The company has a market cap of $10.18 billion, and as of Sept. 29 it traded at $38.03.
On Sept. 21 UDR Inc. declared a quarterly dividend of $0.3322 per share on its Series E preferred stock for the third quarter of 2017. Furthermore, the company also declared a regularly quarterly dividend of $0.31 per share on its common stock for the third quarter of 2017. Both the preferred dividend and common dividend is payable on Oct. 31 to shareholders of record at the close of business on Oct. 10.
L Brands Inc. (LB): Director Allan R. Tessler bought 20,000 shares
Director Allan R. Tessler bought 20,000 shares of LB stock on Sept. 21 at the average price of $37. The price of the stock has increased by 12.46% since.
L Brands Inc. is an American fashion retailer that specializes in clothing and fashion accessories. The company's flagship brands include Victoria's Secret and Bath & Body Works. The company also owns brands such as Henri Bendel and La Senza and has distribution rights for C. O. Bigelow and The White Barn Candle Company. The company has a market cap of $11.81 billion, and as of Sept. 29 it traded at $41.61.
On Sept. 18 L Brands Inc. announced that its Board of Directors has authorized a new $250 million share repurchase program as part of its ongoing commitment to return value to shareholders. The program includes $10.3 million remaining under its previous $250 million share repurchase program.
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 CPB
