Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Insiders See Huge Bargains in Shares of Philip Morris (PM), Ford (F), Valeant (VRX)

Last week was a rough one for investors, as ten-year treasury yields pushed to seven-year highs and President Trump sounded skeptical about the U.S/China trade war coming to an amiable outcome, declaring that the country had become spoiled, along with the European Union and other countries.

With equities falling, insider buying activity was strong last week, peaking at 114 insider purchases on Friday, the highest single-day total of 2018. Among the companies that have seen noteworthy (non-trading plan) insider buying activity are several major names, including Philip Morris International Inc. (NYSE:PM), Valeant Pharmaceuticals Intl Inc (NYSE:VRX), and Ford Motor Company (NYSE:F). We’ll take a look at the purchases made by the insiders of those companies in this article.

Alongside our tracking of insider trading activity, we also track the top consensus picks of the best performing hedge funds each quarter. This investment strategy gained 4% last quarter vs. a loss of 1% for the S&P 500 ETF (SPY), and a further 7.6% so far in the second-quarter compared to a 0.9% loss for the SPY. Since its inception in May 2014 this strategy’s picks have returned 87.8% vs. 53.3% for the SPY. You can see our latest picks by trying our newsletters free of charge for 14 days.

Philip Morris International Inc. (NYSE:PM)

Several insiders of Philip Morris International Inc. (NYSE:PM) have bought shares in recent weeks, including Directors Jennifer Li (40,000 shares) and Werner Geissler (48,750 shares), as well as Science & Innovation President Miroslaw Zielinski (6,000 shares) and Jerry Whitson (3,000 shares), the company’s Deputy General Counsel and Corporate Secretary. There was a 17-month lull in insider buying prior to this recent surge, dating back to late-2016.

The insider buying spree follows Philip Morris International Inc. (NYSE:PM) shares taking a hard tumble on April 19, and they’ve drifted down by another 7% since then to sit at 23% declines in 2018. The company’s recent earnings report painted a gloomier-than-expected outlook for its smoke-less tobacco products, with sales of its iQOS e-cigarette tumbling by 6.1 billion units quarter-over-quarter in the first-quarter, though they were up by 88% year-over-year. Philip Morris, one of the Top 10 Biggest Tobacco Companies in the World in 2017, is seeking approval for the device in the U.S and Europe.

Follow Philip Morris International Inc. (NYSE:PM)
Trade (NYSE:PM) Now!

On the next page we’ll look at the insider buying at Valeant Pharmaceuticals Intl Inc (NYSE:VRX) and Ford Motor Company (NYSE:F).

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...