Weekly Top Insider Sells: HNZ,FSLR,FE,CSCO, and PCLN

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Mar 28, 2011
According to GuruFocus Insider Data, these are the largest insider sells during the past week.

H.J. HEINZ COMPANY (HNZ, Financial): Director Nelson Peltz sold 792,751 Shares

Director of H.J. HEINZ COMPANY (HNZ) Nelson Peltz sold 792,751 shares on 03/21/2011 at an average price of $48.64.

H. J. Heinz Company and its subsidiaries manufacture and market an extensive line of processed food products throughout the world. H.j. Heinz Company has a market cap of $15.6 billion; its shares were traded at around $48.64 with a P/E ratio of 16.3 and P/S ratio of 0.3. The dividend yield of H.j.

On March 09The H.J. Heinz Company announced that its Board of Directors declared quarterly dividends on both common and preferred stock.45 cents per share on the Company’s 25 cent par value Common Stock payable on April 10, 2011 to shareholders of record at the close of business on March 24, 2011.

Joel Greenblatt, Bill Nygren, John Hussman, Mario Gabelli, and Mark Hillman own position in stock.

Sell: EVP and General Counsel Theodore Nicholas Bobby sold 22,888 shares of HNZ stock on 12/13/2010 at the average price of 49.95. Theodore Nicholas Bobby owns at least 89,062 shares after this. The price of the stock has decreased by 2.62% since.

First Solar Inc. (FSLR, Financial): Director Michael J Ahearn sold 170,000 Shares

Director of First Solar Inc. (FSLR) Michael J Ahearn sold 170,000 shares during the past week at an average price of $150.44.

FIRST SOLAR INC. manufactures solar modules with an advanced thin film semiconductor process that significantly lowers solar electricity costs. First Solar Inc. has a market cap of $12.92 billion; its shares were traded at around $150.44 with a P/E ratio of 19.5 and P/S ratio of 5 First Solar Inc. had an annual average earnings growth of 142.4% over the past 5 years.

On Feb 24, 2011 First Solar, Inc. announced its financial results for the fourth quarter and fiscal year ended December 31, 2010. Fourth quarter 2010 net sales were $610 million, a decrease of $188 million from the third quarter of 2010, primarily due to the timing of system sales and the December implementation of 2011 pricing, partially offset by an increase in volume. Quarterly net sales decreased slightly from $641 million in the fourth quarter of 2009, due to decreased systems revenue and reduced module prices, partially offset by higher volume

Ruane Cunniff owns position in this stock.

Sell: Director Michael J Ahearn sold 100,000 shares of FSLR stock on 03/10/2011 at the average price of 141.46. Michael J Ahearn owns at least 1,288,705 shares after this. The price of the stock has increased by 6.35% since.

FIRSTENERGY CORP. (FE, Financial): Executive Vice Chairman Paul J Evanson sold 317,701 Shares

Executive Vice Chairman of FIRSTENERGY CORP. (FE) Paul J Evanson sold 317,701 shares on 03/17/2011 at an average price of $36.54.

FirstEnergy Corp. is a diversified energy services holding company as the result of the merger of Ohio Edison Company and Centerior Energy Corporation. Firstenergy Corp. has a market cap of $15.28 billion; its shares were traded at around $36.54 with a P/E ratio of 10.2 and P/S ratio of 1.1. The dividend yield of Firstenergy Corp. stocks is 602.1%. Firstenergy Corp. had an annual average earnings growth of 3.5% over the past 10 years. GuruFocus rated Firstenergy Corp. the business predictability rank of 3.5-star.

On Feb. 16, 2011 FirstEnergy Corp. reported 2010 basic earnings of $3.62 per share of common stock ($3.61 diluted) on a non-GAAP* basis. On a GAAP basis, fourth quarter 2010 basic and diluted earnings were $0.61 per share, on net income of $180 million and revenue of $3.22 billion. This compares to basic and diluted earnings of $0.78 per share in the fourth quarter of 2009, on net income of $236 million, and revenue of $2.96 billion.

Brian Rogers and Jean-Marie Eveillard own position in this stock.

Sell: Executive Vice Chairman Paul J Evanson sold 317,701 shares of FE stock on 03/08/2011 at the average price of 37.53. Paul J Evanson owns at least 669,316 shares after this. The price of the stock has decreased by 2.64% since.

Cisco Systems Inc. (CSCO, Financial): Director Larry R Carter sold 500,000 Shares

Director of Cisco Systems Inc. (CSCO) Larry R Carter sold 500,000 shares during the past week at an average price of $17.28.

Cisco Systems, Inc. is the worldwide leader in networking for the Internet. Cisco Systems Inc. has a market cap of $95.78 billion; its shares were traded at around $17.28 with a P/E ratio of 12 and P/S ratio of 2.4. Cisco Systems Inc. had an annual average earnings growth of 23% over the past 10 years. GuruFocus rated Cisco Systems Inc. the business predictability rank of 2.5-star.

On February 9, 2011 Cisco reported its second quarter results for the period ended January 29, 2011. Cisco reported second quarter net sales of $10.4 billion, net income on a generally accepted accounting principles (GAAP) basis of $1.5 billion or $0.27 per share, and non-GAAP net income of $2.1 billion or $0.37 per share

Donald Yacktman, Edward Lampert, Private Capital, Whitney Tilson, and Jean-Marie Eveillard own position in this stock.

Sell: Director Larry R Carter sold 250,000 shares of CSCO stock on 03/25/2011 at the average price of 17.36. Larry R Carter owns at least 82,864 shares after this. The price of the stock has decreased by 0.46% since.

priceline.com Inc. (PCLN, Financial): COO, Booking.com BV Kees Koolen sold 15,000 Shares

COO, Booking.com BV of priceline.com Inc. (PCLN) Kees Koolen sold 15,000 shares on 03/21/2011 at an average price of $487.

Priceline.com Incorporated has pioneered a unique e-commerce pricing system known as a `demand collection system` that enables consumers to use the Internet to save money on a wide range of products and services while enabling sellers to generate incremental revenue. Priceline.com Inc. has a market cap of $23.94 billion; its shares were traded at around $487 with a P/E ratio of 39.7 and P/S ratio of 7.9. Priceline.com Inc. had an annual average earnings growth of 61.7% over the past 5 years.

On Feb. 23, 2011 Priceline.com Incorporated reported 4th quarter and full-year 2010 financial results for the Priceline Group of Companies. Fourth quarter gross travel bookings for the group, which refers to the total dollar value, generally inclusive of all taxes and fees, of all travel services purchased by consumers, were $3.26 billion, an increase of 44.2% over a year ago. The Group had GAAP net income applicable to common shareholders for the 4th quarter of $135.7 million, or $2.66 per diluted share, which compares to $78.4 million or $1.55 per diluted share, in the same period a year ago.

Ron Baron and Ken Heebner own position in this stock.

Sell: Vice Chairman Robert J Jr Mylod sold 1,000 shares of PCLN stock on 03/09/2011 at the average price of 469.17. Robert J Jr Mylod owns at least 43,120 shares after this. The price of the stock has increased by 3.8% since.

For the complete list of stocks that bought/sold by their company executives, go to: Insider Buys.

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