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Weekly Top Insider Sells: LH, BBBY, QCOM, VNO, and KO

April 24, 2011 | About:
gurugk

gurugk

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

LABORATORY CORP. OF AMER. (LH): Director Mahon Thomas P Mac sold 155,000 Shares

Director of LABORATORY CORP. OF AMER. (LH) Mahon Thomas P Mac sold 155,000 shares on 04/15/2011 at an average price of $96.58.

Laboratory Corporation of America Holdings, is one of the largest independent clinical laboratory company's in the United States. Laboratory Corp. Of Amer. has a market cap of $9.66 billion; its shares were traded at around $96.58 with a P/E ratio of 17 and P/S ratio of 1.9. Laboratory Corp. Of Amer. had an annual average earnings growth of 15.8% over the past 10 years. GuruFocus rated Laboratory Corp. Of Amer. the business predictability rank of 5-star.

On Apr 21, 2011 Laboratory Corporation of America Holdings announced results for the quarter ended March 31, 2011. These results include the operations of Genzyme Genetics, which the Company acquired in the fourth quarter of 2010. Net earnings were $127.1 million compared to $132.7 million in the first quarter of 2010. Earnings per diluted share (EPS) were $1.23 compared to $1.25 in 2010. Earnings per diluted share, excluding amortization, restructuring and other special charges recorded in the first quarter of 2011 and 2010 (Adjusted EPS Excluding Amortization) were $1.52 and $1.40, respectively.

Sell: Director Mahon Thomas P Mac sold 155,000 shares of LH stock on 12/01/2010 at the average price of 85. Mahon Thomas P Mac owns at least 104,797 shares after this. The price of the stock has increased by 13.62% since.

Bed Bath & Beyond Inc. (BBBY): President and CMO Arthur Stark sold 200,000 Shares

President and CMO of Bed Bath & Beyond Inc. (BBBY) Arthur Stark sold 200,000 shares during the past week at an average price of $57.3.

Bed Bath & Beyond is a nationwide operator of `superstores` selling predominantly better quality domestics merchandise and home furnishings typically found in better department stores. Bed Bath & Beyond Inc. has a market cap of $14.6 billion; its shares were traded at around $57.3 with a P/E ratio of 18.6 and P/S ratio of 1.6. Bed Bath & Beyond Inc. had an annual average earnings growth of 14.6% over the past 10 years. GuruFocus rated Bed Bath & Beyond Inc. the business predictability rank of 2.5-star.

On April 6, 2011 Bed Bath & Beyond reported net earnings of $1.12 per diluted share ($283.5 million) in the fiscal fourth quarter ended February 26, 2011, an increase of approximately 30% versus net earnings of $.86 per diluted share ($226.0 million) in the same quarter a year ago. Net sales for the fiscal fourth quarter of 2010 were approximately $2.505 billion, an increase of approximately 11.6% from net sales of approximately $2.244 billion reported in the fiscal fourth quarter of 2009

Sell: Senior VP - Stores Matthew Fiorilli sold 19,700 shares of BBBY stock on 04/08/2011 at the average price of 53.63. Matthew Fiorilli owns at least 247,503 shares after this. The price of the stock has increased by 6.84% since.

QUALCOMM Inc. (QCOM): Director Irwin M Jacobs sold 167,216 Shares

Director of QUALCOMM Inc. (QCOM) Irwin M Jacobs sold 167,216 shares on 04/20/2011 at an average price of $56.94. QUALCOMM Inc. develops and delivers innovative digital wireless communications products and services based on the company's CDMA digital technology. Qualcomm Inc. has a market cap of $93.6 billion; its shares were traded at around $56.94 with a P/E ratio of 25.3 and P/S ratio of 8.6. The dividend yield of Qualcomm Inc. stocks is 1.4%. Qualcomm Inc. had an annual average earnings growth of 14.6% over the past 10 years. GuruFocus rated Qualcomm Inc. the business predictability rank of 3-star.

On April 20, 2011 Qualcomm Incorporated announced results for the second quarter of fiscal 2011 ended March 27, 2011. Revenues: $3.88 billion, up 46 percent year-over-year (y-o-y) and 16 percent sequentially. Operating income: $1.07 billion, up 38 percent y-o-y and down 3 percent sequentially. Net income:1 Diluted earnings per share:1 $0.59, up 28 percent y-o-y and down 17 percent sequentially. $999 million, up 29 percent y-o-y and down 15 percent sequentially. Effective tax rate: 21 percent for the quarter. Operating cash flow: $1.77 billion, up 123 percent y-o-y; 46 percent of revenues.

Sell: EVP & Chief Technology Officer Roberto Padovani sold 20,000 shares of QCOM stock on 03/31/2011 at the average price of 54.9. The price of the stock has increased by 3.72% since.

VORNADO REALTY TRUST (VNO): Chairman Steven Roth sold 50,000 Shares

Chairman of VORNADO REALTY TRUST (VNO) Steven Roth sold 50,000 shares on 04/14/2011 at an average price of $92.22.

Vornado Realty Trust is a fully-integrated real estate investment trust. Vornado Realty Trust has a market cap of $16.94 billion; its shares were traded at around $92.22 with a P/E ratio of 16.6 and P/S ratio of 6.2. The dividend yield of Vornado Realty Trust stocks is 3.1%. Vornado Realty Trust had an annual average earnings growth of 3.2% over the past 10 years.

On FEBRUARY 23, 2011, Vornado Announces Fourth Quarter 2010 FFO of $1.76 per share. NET INCOME attributable to common shareholders for the quarter ended December 31, 2010 was $243.4 million, or $1.31 per diluted share, compared to a net loss of $151.2 million, or $0.84 per diluted share, for the quarter ended December 31, 2009. Net income for the quarter ended December 31, 2010 and net loss for the quarter ended December 31, 2009 include $62.7 million and $2.6 million, respectively, of net gains on sale of real estate. In addition, the quarters ended December 31, 2010 and 2009 include certain items that affect comparability which are listed in the table below. The aggregate of the net gains on sale of real estate and the items in the table below, net of amounts attributable to noncontrolling interests, increased net income attributable to common shareholders for the quarter ended December 31, 2010 by $169.6 million, or $0.89 per diluted share and increased net loss attributable to common shareholders for the quarter ended December 31, 2009 by $184.3 million, or $1.02 per diluted share.

Sell: Director Russell B Jr Wight sold 15,000 shares of VNO stock on 01/14/2011 at the average price of 85.12. Russell B Jr Wight owns at least 6,248,831 shares after this. The price of the stock has increased by 8.34% since.

COCACOLA COMPANY (KO): Senior Vice President Jerry S Wilson Jr sold 58,924 Shares

Senior Vice President of COCACOLA COMPANY (KO) Jerry S Wilson Jr sold 58,924 shares on 04/14/2011 at an average price of $67.88.

The Coca-Cola Company is the world's largest beverage company and is the producer and marketer of soft drinks. Cocacola Company has a market cap of $155.79 billion; its shares were traded at around $67.88 with a P/E ratio of 19.3 and P/S ratio of 4.4. The dividend yield of Cocacola Company stocks is 2.8%. Cocacola Company had an annual average earnings growth of 7.3% over the past 10 years. GuruFocus rated Cocacola Company the business predictability rank of 4-star.

On February 9, 2011 Coca- Cola announced Fourth quarter reported net revenue was $10.5 billion, with comparable currency neutral net revenue also at $10.5 billion, up 45%, including a 37% benefit from structural changes, principally related to the CCE transaction. For the full year, reported net revenue was $35.1 billion, with comparable currency neutral net revenue of $34.5 billion, up 14%, including an 8% benefit from structural changes, principally related to the CCE transaction.

Sell: Senior Vice President Jerry S Wilson Jr sold 58,924 shares of KO stock on 04/14/2011 at the average price of 68. Jerry S Wilson Jr owns at least 56,562 shares after this. The price of the stock has decreased by 0.18% since.

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

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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