Weekly CFO Sells Highlight: AMAT, EMC, LRY, CVC, SPN, WEC

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Mar 15, 2011
According to GuruFocus Insider Data, the largest CFO sells during the past week are :Applied Materials Inc., EMC Corp., LIBERTY PROPERTY TRUST, CABLEVISION SYSTEMS CORP, SUPERIOR ENERGY SERVICES INC., and WISCONSIN ENERGY CORP.


Applied Materials Inc. (AMAT, Financial): Executive Vice President & CFO George S Davis Sold 200,000 Shares



Executive Vice President & CFO of Applied Materials Inc. (AMAT) George S Davis sold 200,000 shares on 03/04/2011 at an average price of $16.61. Applied Materials develops, manufactures, markets and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry. Applied Materials Inc. has a market cap of $19.86 billion; its shares were traded at around $14.96 with a P/E ratio of 13.5 and P/S ratio of 2.1. The dividend yield of Applied Materials Inc. stocks is 1.9%.


Applied Materials Inc. has released its first quarter 2011 results. The company reported net sales of $2.69 billion compared to $1.85 billion prior year quarter, as well as net income of $506 million compared to $83 million prior year quarter.


Sell: Executive Vice President & CFO George S Davis sold 200,000 shares of AMAT stock on 03/04/2011 at the average price of 16.61. George S Davis owns at least 711,580 shares after this. The price of the stock has decreased by 9.93% since. EVP & GM, EES Mark Pinto sold 200,000 shares of AMAT stock on 02/28/2011 at the average price of 16.32.


EMC Corp. (EMC, Financial): EVP & CFO David I Goulden Sold 125,000 Shares



EVP & CFO of EMC Corp. (EMC) David I Goulden sold 125,000 shares on 03/04/2011 at an average price of $27.25. EMC Corporation and its subsidiaries design, manufacture, market and support a wide range of hardware and software products and provide services for the storage, management, protection and sharing of electronic information. Emc Corp. has a market cap of $54.22 billion; its shares were traded at around $26.21 with a P/E ratio of 25.2 and P/S ratio of 3.2. Emc Corp. had an annual average earnings growth of 11.1% over the past 5 years.


EMC Corp. has released its fourth quarter 2010 results. During this quarter the company reported GAAP net income of $628.6 million, an increase of 61% year-over-year, marking the best performance in the company’s history.


Sell: EVP & CFO David I Goulden sold 125,000 shares of EMC stock on 03/04/2011 at the average price of 27.25. David I Goulden owns at least 537,947 shares after this. The price of the stock has decreased by 3.82% since. EVP, Office of the Chairman Harry L. You and Director John R Egan also sold stock in March.


LIBERTY PROPERTY TRUST (LRY, Financial): Exec. VP, CFO George J Jr Alburger Sold 100,362 Shares



Exec. VP, CFO of LIBERTY PROPERTY TRUST (LRY) George J Jr Alburger sold 100,362 shares on 03/09/2011 at an average price of $33.02. Liberty Property Trust is a self-administered and self-managed Maryland real estate investment trust. Liberty Property Trust has a market cap of $3.69 billion; its shares were traded at around $32.19 with a P/E ratio of 12.1 and P/S ratio of 4.9. The dividend yield of Liberty Property Trust stocks is 5.9%.


LIBERTY PROPERTY TRUST reported that for its fourth quarter 2010, FFO was $0.65 per share compared to a loss of $0.14 prior year quarter.


Sell: Exec. VP, CFO George J Jr Alburger sold 100,362 shares of LRY stock on 03/09/2011 at the average price of 33.02. George J Jr Alburger owns at least 193,079 shares after this. The price of the stock has decreased by 2.51% since.


CABLEVISION SYSTEMS CORP. (CVC, Financial): Executive Vice President & CFO Michael Huseby Sold 82,833 Shares



Executive Vice President & CFO of CABLEVISION SYSTEMS CORP. (CVC) Michael Huseby sold 82,833 shares on 03/08/2011 at an average price of $35.85. Cablevision Systems Corp. is one of the nation's entertainment and telecommunications companies. Cablevision Systems Corp. has a market cap of $10.19 billion; its shares were traded at around $35.06 with a P/E ratio of 22.6 and P/S ratio of 1.4. The dividend yield of Cablevision Systems Corp. stocks is 1.4%. Cablevision Systems Corp. had an annual average earnings growth of 6.8% over the past 10 years.


CABLEVISION SYSTEMS CORP. recently released its fourth quarter 2010 results. During this quarter the company reports a 5.7% increase in consolidated net revenue from prior year quarter to $1.869 billion.


Sell: Executive Vice President & CFO Michael Huseby sold 32,614 shares of CVC stock on 03/03/2011 and 82,833 shares on 03/08/2011 at the prices of 36.74 and 35.85 respectively. Michael Huseby owns at least 123,482 shares after this. The price of the stock has decreased by 2.2% since.


SUPERIOR ENERGY SERVICES INC. (SPN, Financial): CFO Robert S Taylor Sold 68,800 Shares



CFO of SUPERIOR ENERGY SERVICES INC. (SPN) Robert S Taylor sold 68,800 shares on 03/09/2011 at an average price of $38.34. SUPERIOR ENERGY SERVICES, INC. is engaged in the business of providing off shore plugging and abandonment and wire line services in the Gulf of Mexico, the development, manufacture and sale of electronic torque and pressure control equipment and thread protectors which are used in connection with oil and gas exploration, the development, manufacture and sale of oil spill containment boom and ancillary equipment and the rental of specialized oil well equipment and fishing tools. Superior Energy Services Inc. has a market cap of $2.88 billion; its shares were traded at around $36.56 with a P/E ratio of 23.7 and P/S ratio of 1.7. Superior Energy Services Inc. had an annual average earnings growth of 20.1% over the past 10 years. GuruFocus rated Superior Energy Services Inc. the business predictability rank of 4-star.


SUPERIOR ENERGY SERVICES INC. recently released its fourth quarter 2010 results. For this quarter the company reported net income of $3.0 million compared to a net loss of $114.6 million prior year quarter.


Sell: CFO Robert S Taylor sold 68,800 shares of SPN stock on 03/09/2011 at the average price of 38.34. Robert S Taylor owns at least 65,003 shares after this. The price of the stock has decreased by 4.64% since. Executive Vice President Danny R Young and Executive Vice President Lynton G Cook Iii both also sold shares of SPN stock on 03/09/2011.Director Terence E Hall sold 266,632 shares of SPN stock on 02/25/2011 at the average price of 36.71.


WISCONSIN ENERGY CORP. (WEC, Financial): Executive Vice President & CFO Frederick D Kuester Sold 66,000 Shares



Executive Vice President & CFO of WISCONSIN ENERGY CORP. (WEC) Frederick D Kuester sold 66,000 shares on 03/09/2011 at an average price of $31. Wisconsin Energy Corp. is a holding company with subsidiaries in utility and non-utility businesses. Wisconsin Energy Corp. has a market cap of $6.96 billion; its shares were traded at around $29.77 with a P/E ratio of 15.5 and P/S ratio of 1.7. The dividend yield of Wisconsin Energy Corp. stocks is 3.5%. Wisconsin Energy Corp. had an annual average earnings growth of 2.2% over the past 10 years. GuruFocus rated Wisconsin Energy Corp. the business predictability rank of 3-star.


WISCONSIN ENERGY CORP. recently released its fourth quarter 2010 results. The company reported net income of $126 million compared to $119 million prior year quarter. Also, the company reported a record profit of $456.5 million.


Sell: Chairman, President, and CEO Gale E Klappa sold 50,000 shares of WEC stock on 03/08/2011 at the average price of 30.7. Executive Vice President & CFO Frederick D Kuester sold 66,000 shares of WEC stock on 03/09/2011 at the average price of 31. Frederick D Kuester owns at least 56,023 shares after this. The price of the stock has decreased by 3.97% since.


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