Weekly Top Insider Buys Highlight for the Week of Dec. 15

The largest Insider Buys this week were for PayPal Holdings Inc. (PYPL), ConocoPhillips Co. (COP), Coty Inc. (COTY) and CenturyLink Inc. (CTL).

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Dec 17, 2017
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The largest Insider Buys this week were for PayPal Holdings Inc. (PYPL, Financial), ConocoPhillips Co. (COP, Financial), Coty Inc. (COTY, Financial), and CenturyLink Inc. (CTL, Financial).

PayPal Holdings Inc. (PYPL, Financial): Director Rodney C. Adkins bought 6,750 shares

Director Rodney C. Adkins bought 6,750 shares of PYPL stock on Dec. 8 at the average price of $74.04. The price of the stock has increased by 2.17% since.

PayPal Holdings Inc. is an American international company that operates a worldwide online payments system that serves as an electronic alternative to traditional payment methods such as checks and money orders. The company is one of the largest Internet payment companies and operates as a payment processor for online vendors, auction sites, and other commercial users. The company has a market cap of $90.92 billion, and as of Dec. 15 it traded at $75.65.

On Nov. 16 PayPal Holdings Inc. announced an agreement with Synchrony Financial to significantly expand their strategic consumer credit relationship. Under the terms of the agreement, Synchrony financial will acquire $6.8 billion in receivables, including PayPal’s U.S. consumer credit receivables portfolio. The two companies will also extend the existing co-brand consumer credit card program agreement.

ConocoPhillips Co. (COP, Financial): Director Charles E. Bunch bought 2,000 shares

Director Charles E. Bunch bought 2,000 shares of COP stock on Dec. 11 at the average price of $52.06. The price of the stock has increased by 0.21% since.

ConocoPhillips Co. is an American international energy corporation that holds the distinction of the world’s largest independent pure-play exploration and production company. The company is also part of the Fortune 500 and was created through the merger of American oil companies Conoco Inc. and Phillips Petroleum Co. in 2002. The company has a market cap of $62.37 billion, and as of Dec. 15 it traded at $52.17.

On Nov. 30 ConocoPhillips Co. and The National Fish and Wildlife Foundation announced $994,000 in grants to help improve priority habitats and advances innovative water projects in Alaska, Colorado, Idaho, Louisiana, Texas, and Wyoming. The grants will generate $1.9 million in matching contributions for a total amount of $2.9 million. The grants were awarded through ConocoPhillips SPIRIT of Conservation and Innovation Program.

Coty Inc. (COTY, Financial): President of Coty Luxury Edgar O. Huber bought 4,000 shares

President of Coty Luxury Edgar O. Huber bought 4,000 shares of COTY stock on Dec. 11 at the average price of $17.74. The price of the stock has increased by 11.5% since.

Coty Inc. is an American international beauty products manufacturer. The company’s main products include fragrances, color cosmetics, and skin and body care products. The company owns the major brands of Calvin Klein, Chloie, Davaidoff, Marc Jacobs, Philosophy, Adidas, Playboy, and Rimmel London. The company has a market cap of $20.01 billion, and as of Dec. 15 it traded at $19.78.

On Nov. 9 Coty Inc. reported financial results for the first quarter of fiscal 2018 ended Sept. 30, 2017. Net revenues were $2,238.3 million, an increase of more than 100% compared to net revenues in the prior year period. Reported operating income was $28.7 million, a decrease from $46.4 million during the same period prior year. Reported loss per diluted share were $0.03, a decrease from $0.00 per share during the same period last year.

CenturyLink Inc. (CTL, Financial): Director Steven T. Clontz bought 60,500 shares

Director Steven T. Clontz bought 35,500 shares of CTL stock on Dec. 11 at the average price of $15.7. The price of the stock has increased by 8.22% since.

CenturyLink Inc. is an American telecommunications company that provides communications and data services to residential, business, governmental, and wholesale customers in 37 states. The company operates as a local exchange carrier and internet access provider in U.S. markets and is the third largest telecommunications company in the U.S. The company has a market cap of $18.16 billion, and as of Dec. 15 it traded at $16.99.

On Dec. 11 CenturyLink Inc. announced that it has signed a five-year contract with the Commonwealth of Pennsylvania to provide data networking products to the Commonwealth’s agencies, commissions, councils, bureaus, authorities, and boards. As part of the contract, the company is collaborating with Comcast Business to provide network services and last mile connectivity to end users.

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.