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Weekly Top Insider Buys Highlight for the Week of April 28

GuruFocus.com

- By Shuda Xia

The largest Insider Buys this week were for General Electric Co (GE), Bank of America Corporation (BAC), Charles Schwab Corp (SCHW), and United Continental Holdings Inc (UAL).

General Electric Co (GE): Director Marijn E Dekkers Bought 20,000 Shares

Director Marijn E Dekkers bought 20,000 shares of GE stock on April 24 at the average price of $29.9. The price of the stock has decreased by 3.04% since.


General Electric Co is an American international conglomerate corporation and operates through multiple segments, including Power & Water, Oil and Gas, Aviation, Healthcare, and Transportation. The company has over 305,000 employees as of 2015 and ranked among the Fortune 500 as the 4th largest firm in the United States as of 2017. The company has a market cap of $258.72 billion, and as of April 28 it traded at $28.99.

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On April 27 General Electric Co unveiled the GE Energy Ecosystem portfolio at the Powering Vietnam Conference. The system aims to provide a full range of energy solutions from power generation to storage technology to support Vietnam's national energy agenda. Ultimately, this sytem aims to meet the 2030 Vietnam power targets.

Bank of America Corporation (BAC): Director Thomas D Woods Bought 25,000 Shares

Director Thomas D Woods bought 25,000 shares of BAC stock on April 27 at the average price of $23.81. The price of the stock has decreased by 1.97% since.

Bank of America Corporation is an American multinational banking and financial services corporation. It is the second largest bank by assets and the 26th largest company by revenue in the United States. In 2016, the company was ranked eleven on the Forbes magazine Global 2000 list of largest companies in the world. The company has a market cap of $232.21 billion, and as of April 28 it traded at $23.34.

On April 26 Bank of America Corporation announced a regular quarterly cash dividend on the company's common stock of $0.075 per share payable June 30 to stockholders of record at close of business on June 2. Furthermore, the Board of Directors of the company also declared a regular quarterly cash dividend of $1.75 per share on the 7 percent Cumulative Redeemable Preferred stock payable July 25 to shareholders of record at close of business on July 11.

Charles Schwab Corp (SCHW): Director Mark A Goldfarb Bought 1,850 Shares

Director Mark A Goldfarb bought 1,850 shares of SCHW stock on April 27 at the average price of $26.97. The price of the stock has increased by 44.05% since.

Charles Schwab Corp is a major American bank and brokerage firm. The company provides services for both individuals and institutions that are investing online by offering an electronic trading platform for the purchase and sale of financial securities. The company also provides margin lending and cash management services. The company has a market cap of $54 billion, and as of April 28 it traded at $38.85.

On April 20, Charles Schwab Corp declared a regular quarterly cash dividend of $0.08 per common share payable on May 26 to stockholders of record at close of business on May 12. Furthermore, the Board of Directors of the company declared a regular quarterly dividend on the outstanding fixed rate non-cumulative perpetual preferred stock in the amount of $15.00 per share or $0.375 per depositary share payable on June 1 to stockholders of record at close of business on May 17.

United Continental Holdings Inc (UAL): Director Edward Shapiro Bought 10,000 Shares

Director Edward Shapiro bought 10,000 shares of UAL stock on April 27 at the average price of $69.35. The price of the stock has increased by 1.24% 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 United States including at the Chicago-O'Hare, Denver, Los Angeles, San Francisco, and Washington-Dulles airports. The company has a market cap of $21.83 billion, and as of April 28 it traded at $70.21.

On April 17, United Continental Holdings Inc. announced its first quarter 2017 earnings. The company had reported a net income of $96 million, diluted earnings per share of $0.31, pre-tax earnings of $145 million, and pre-tax margin of 1.7 percent. Revenue for the first quarter of 2017 was $8.4 billion, an increase of 2.7 percent year-over-year. First quarter 2017 consolidated yield increase 0.4 percent compared to the first quarter of 2016.

For the complete list of stocks that was 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.