|New Threads Only:|
|New Threads & Replies:|
Forum List » Guru News and Commentaries|
Guru News, Stock picks and commentaries
Weekly Insider Sells Highlight: FRX, AXP, WFC, BBT, VECO
Posted by: gurujx (IP Logged)
Date: January 26, 2014 05:55PM
According to GuruFocus Insider Data, the largest insider sells during the past week were: Forest Laboratories Inc., American Express Co., Wells Fargo & Co., BB&T Corp and Veeco Instruments Inc.
The overall trend of insiders is illustrated in the chart below:
Forest Laboratories, Inc. (FRX): Director Howard Solomon sold 250,000 Shares
Director Howard Solomon sold 250,000 shares of FRX stock on 01/23/2014 at the average price of $67.13. Howard Solomon owns at least 714,881 shares after this. The price of the stock has decreased by 3.25% since.
Forest Laboratories, Inc. is a Delaware corporation organized in 1956. Forest Laboratories, Inc. has a market cap of $17.5 billion; its shares were traded at around $64.95 with and P/S ratio of 5.39.
Forest Laboratories recently released its fiscal third quarter 2014 results. Diluted GAAP EPS were $0.07 and non-GAAP EPS were $0.27. This compares to a GAAP net loss of $0.58 per share in the third quarter of 2013. Third quarter net sales increased 24.9% to $846.8 million.
SVP-Sales Jerome Lynch sold 135,625 shares of FRX stock on 01/22/2014 at the average price of $67.28.
American Express Co (AXP): EVP, Advertising John D Hayes sold 159,370 Shares
EVP, Advertising John D Hayes sold 159,370 shares of AXP stock on 01/22/2014 at the average price of $90.88. John D Hayes owns at least 81,661 shares after this. The price of the stock has decreased by 4.32% since.
American Express Co was founded in 1850 as a joint stock association and was incorporated in 1965 as a New York corporation. American Express Co has a market cap of $93.15 billion; its shares were traded at around $86.95 with a P/E ratio of 20.50 and P/S ratio of 2.93. The dividend yield of American Express Co stocks is 1.02%. American Express Co had an annual average earnings growth of 9.40% over the past 10 years. GuruFocus rated American Express Co the business predictability rank of 2-star.
Wells Fargo & Co (WFC): Senior Executive VP & CFO Timothy J Sloan Sold 75,000 Shares
Senior Executive VP & CFO Timothy J Sloan sold 75,000 shares of WFC stock on 01/24/2014 at the average price of $45.84. Timothy J Sloan owns at least 314,873 shares after this. The price of the stock has decreased by 0.79% since.
Wells Fargo & Co is a corporation organized under the laws of Delaware and a financial holding company and a bank holding company registered under the Bank Holding Company Act of 1956, as amended. Wells Fargo & Co has a market cap of $239.57 billion; its shares were traded at around $45.48 with a P/E ratio of 12.00 and P/S ratio of 2.87. The dividend yield of Wells Fargo & Co stocks is 2.53%. Wells Fargo & Co had an annual average earnings growth of 3.70% over the past 10 years.
Wells Fargo recently reported fourth quarter 2013 net income of $5.6 billion – up 10% year-over-year. Revenues were $20.7 billion compared to $21.9 billion, with total loans up $26.2 billion to $825.8 billion. ROA was up 1 point to 1.47% and ROE was up to 13.81%
Executive Vice President Michael J Heid sold 3,800 shares of WFC stock on 01/15/2014 at the average price of $45.9.
BB&T Corp (BBT): CFO Daryl N. Bible Sold 60,593 Shares
CFO Daryl N. Bible sold 60,593 shares of BBT stock on 01/21/2014 at the average price of $38.95. Daryl N. Bible owns at least 151,211 shares after this. The price of the stock has decreased by 1.77% since.
BB&T Corporation is a financial holding company. The Company conducts its business operations mainly through its commercial bank subsidiary, Branch Banking and Trust Company 'Branch Bank'. BB&T Corp has a market cap of $26.97 billion; its shares were traded at around $38.26 with a P/E ratio of 17.90 and P/S ratio of 2.81. The dividend yield of BB&T Corp stocks is 2.40%.
In its fourth quarter of 2013, the company generated net income of $537 million, an increase of 6.1% over last year. EPS increased 5.6% to $0.75.
Chairman and CEO Kelly S King sold 87,727 shares of BBT stock on 01/21/2014 at the average price of $38.83. Multiple other insiders have all also sold shares of BBT stock.
Veeco Instruments Inc (VECO): EVP & CFO David D. Glass Sold 58,334 Shares
EVP & CFO David D. Glass sold 58,334 shares of VECO stock on 01/22/2014 at the average price of $37.52. David D. Glass owns at least 9,654 shares after this. The price of the stock has decreased by 1.95% since.
Veeco Instruments Inc was organized as a Delaware corporation in 1989. Veeco Instruments Inc has a market cap of $1.44 billion; its shares were traded at around $36.79 with and P/S ratio of 3.91.
Veeco Instruments had a third quarter 2013 net loss of $6 million compared to a net income of $7.7 million the prior year quarter. Revenues decreased to $99.3 million compared to $132.7 million last year.
For the complete list of stocks that bought/sold by their company executives, go to: Insider Buys.
Stocks Discussed: FRX, AXP, WFC, BBT, VECO,
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.