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Top Buys by Top Brass: CFO Chandler's $259.4K Bet on WMB


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A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money - maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $259.4K by John D. Chandler, CFO at Williams Cos Inc (Symbol: WMB).

Purchased Insider Title Shares Price/Share Value
11/02/2018 John D. Chandler Sr. Vice President & CFO 10,000 $25.94 $259,422.00

Chandler's average cost works out to $25.94/share. In trading on Monday, bargain hunters could buy shares of Williams Cos Inc (Symbol: WMB) and achieve a cost basis lower than Chandler, with shares changing hands as low as $25.07 per share. Shares of Williams Cos Inc were changing hands at $25.50 at last check, trading down about 0.3% on Monday. The chart below shows the one year performance of WMB shares, versus its 200 day moving average:

Williams Cos Inc Chart

Looking at the chart above, WMB's low point in its 52 week range is $23.54 per share, with $33.67 as the 52 week high point - that compares with a last trade of $25.50.

The current annualized dividend paid by Williams Cos Inc is $1.36/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/06/2018. Below is a long-term dividend history chart for WMB, which can be of good help in judging whether the most recent dividend with approx. 5.3% annualized yield is likely to continue.

WMB+Dividend+History+Chart

Click here to find out which other top insider buys by the ''top brass'' you need to know about ยป

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: Investing , Commodities
Referenced Symbols: WMB



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