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Weekly CEO Sells Highlight: Amazon.com Inc, Boston Properties Inc, Tutor Perini Corp, Medicis Pharmaceutical Corp, Kellogg Company

August 22, 2010 | About:
Todd Sullivan

According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Amazon.com Inc, Boston Properties Inc, Tutor Perini Corp, Medicis Pharmaceutical Corp, Kellogg Company

Amazon.com Inc. (AMZN): Chairman, CEO and President, 10% Owner Jeffrey P Bezos sold 1,064,158 Shares

Chairman, CEO and President, 10% Owner of Amazon.com Inc. (AMZN) Jeffrey P Bezos sold 1,064,158 shares on 08/19/2010 at an average price of $130.04. Amazon.com, Inc. is where customers can find and discover anything they may want to buy online. Amazon.com Inc. has a market cap of $56.94 billion; its shares were traded at around $127.76 with a P/E ratio of 53 and P/S ratio of 2.4. Amazon.com Inc. had an annual average earning growth of 21.8% over the past 5 years.

On Jul 22, Amazon.com, Inc. announced financial results for its second quarter ended June 30, 2010. The Company announced a sale of $6.57 billion.

Chairman, CEO and President, 10% Owner Jeffrey P Bezos sold 3,067,189 shares of AMZN stock in May and August. Senior Vice President and CFO Thomas J Szkutak sold 37,449 shares of AMZN stock in May and August. Vice President Shelley Reynolds, Senior Vice President L Michelle Wilson, and Senior Vice President Jeffrey A Wilke together sold 27,354 shares of AMZN stock in August. Senior Vice President Diego Piacentini sold 6,080 shares of AMZN stock on 08/18/2010.

Boston Properties Inc. (BXP): Chairman & CEO Mortimer B Zuckerman sold 406,089 Shares

Chairman & CEO of Boston Properties Inc. (BXP) Mortimer B Zuckerman sold 406,089 shares on 08/13/2010 at an average price of $81.46. Boston Properties is a real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of Class-A office, industrial and hotel properties. Boston Properties Inc. has a market cap of $11.25 billion; its shares were traded at around $81.23 with a P/E ratio of 16.3 and P/S ratio of 7.4. The dividend yield of Boston Properties Inc. stocks is 2.5%.

On Jul 27, Boston Properties, Inc. reported results for the second quarter ended June 30, 2010. The Company reported a revenue of $395,958.

Chairman & CEO Mortimer B Zuckerman sold 406,089 shares of BXP stock on 08/13/2010 at the average price of 81.46. SVP and CFO Michael E Labelle sold 2,556 shares of BXP stock in August. Senior Vice President Robert E Pester sold 17,408 shares of BXP stock in August. Senior Vice President Mitchell S Landis sold 5,000 shares of BXP stock on 08/03/2010. President Douglas T Linde sold 48,635 shares of BXP stock in May and August.

Tutor Perini Corp. (TPC): Chairman & CEO, 10% Owner Ronald N Tutor sold 400,000 Shares

Chairman & CEO, 10% Owner of Tutor Perini Corp. (TPC) Ronald N Tutor sold 400,000 shares on 08/12/2010 at an average price of $19.81. Tutor Perini Corporation, formerly Perini Corporation, is a construction services company offering general contracting, construction management and design/build services to private clients and public agencies. Tutor Perini Corp. has a market cap of $954 million; its shares were traded at around $19.63 with a P/E ratio of 8.7 and P/S ratio of 0.2. Tutor Perini Corp. had an annual average earning growth of 17.9% over the past 10 years.

On August 5, Tutor Perini Corporation reported results for the second quarter ended June 30, 2010. The Company reported a revenue of $914.4 million.

Chairman & CEO, 10% Owner Ronald N Tutor sold 1,000,000 shares of TPC stock in June and August. Director Michael R Klein bought 30,000 shares of TPC stock on 06/11/2010 at the average price of 17.46. Executive Vice President Mark Caspers sold 17,500 shares of TPC stock on 05/12/2010 at the average price of 23.21.

Medicis Pharmaceutical Corp. (MRX): CEO Jonah Shacknai sold 400,000 Shares

CEO of Medicis Pharmaceutical Corp. (MRX) Jonah Shacknai sold 400,000 shares on 08/13/2010 at an average price of $26.55. Medicis is a pharmaceutical company focusing exclusively on the treatment of dermatological conditions. Medicis Pharmaceutical Corp. has a market cap of $1.64 billion; its shares were traded at around $27.06 with a P/E ratio of 13 and P/S ratio of 2.8. The dividend yield of Medicis Pharmaceutical Corp. stocks is 0.9%.

On Aug. 5, Medicis Pharmaceutical announced second quarter 2010 financial results ended June 30, 2010. The Company announced a revenue of approximately $174.0 million.

CEO Jonah Shacknai sold 400,000 shares of MRX stock on 08/13/2010 at the average price of 26.55. EVP, CFO & Corp Treasurer Richard D Peterson sold 31,445 shares of MRX stock in May and August. President Mark A Sr Prygocki, EVP, Sales & Marketing Vincent P Ippolito, Director Michael Pietrangelo, and EVP,General Counsel & Corp Sec Jason David Hanson together sold 160,807 shares of MRX stock in May and August.

Kellogg Company (K): President and CEO A D David Mackay sold 253,033 Shares

President and CEO of Kellogg Company (K) A D David Mackay sold 253,033 shares on 08/13/2010 at an average price of $50.87. Kellogg Company is a producer of cereal and a producer of convenience foods, including cookies, crackers, toaster pastries, cereal bars, frozen waffles, meat alternatives, pie crusts, and ice cream cones. Kellogg Company has a market cap of $19.04 billion; its shares were traded at around $49.75 with a P/E ratio of 14.8 and P/S ratio of 1.5. The dividend yield of Kellogg Company stocks is 3%. Kellogg Company had an annual average earning growth of 7.4% over the past 10 years. GuruFocus rated Kellogg Company the business predictability rank of 4.5-star.

On July 29, Kellogg Company reported lower second quarter 2010 internal net sales. The Company reported the net sales declined 5 percent to $3.1 billion.

President and CEO A D David Mackay sold 294,133 shares of K stock in May and August. Chairman / Trustee, 10% Owner James M Jenness sold 180,600 shares of K stock on 05/19/2010 at the average price of 55.13.

For the complete list of stocks that bought by their CEOs, go to: Insider Buys.


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