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Weekly Top Insider Sells: BX,BHI,WAT,APKT, and ABC

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

The Blackstone Group L.P (BX): President and COO Hamilton E. James sold 1,250,000 Shares

President and COO of THE BLACKSTONE GROUP L.P (BX) Hamilton E. James sold 1,250,000 shares on 05/02/2011 at an average price of $17.81.

Blackstone is one of the world's premier investment and advisory firms. The Blackstone Group L.p has a market cap of $6.11 billion; its shares were traded at around $17.81 with a P/E ratio of 12.3 and P/S ratio of 1.9. The dividend yield of The Blackstone Group L.p stocks is 7.3%.

On April 21, 2011The Blackstone Group L.P. reported its first quarter 2011 results. Economic Net Income was $568.1 million for the first quarter of 2011, an increase of $207.7 million compared to ENI for the first quarter of 2010. The increase in ENI was driven principally by strong investment performance across Blackstone’s investment segments, which produced $726.9 million in Performance Fees and Investment Income, more than twice the $343.0 million in the first quarter of 2010.

Sell: 10% Owner International Group I American sold 10,000,000 shares of BX stock on 12/15/2010 at the average price of 13.41. International Group I American owns at least 35,737,235 shares after this. The price of the stock has increased by 32.81% since.

BAKER HUGHES INC. (BHI): Director James W Stewart sold 291,917 Shares

Director of BAKER HUGHES INC. (BHI) James W Stewart sold 291,917 shares during the past week at an average price of $69.27.

Baker Hughes Inc. is engaged in the oilfield and process industries. Baker Hughes Inc. has a market cap of $30.09 billion; its shares were traded at around $69.27 with a P/E ratio of 25.8 and P/S ratio of 2.1. The dividend yield of Baker Hughes Inc. stocks is 0.8%. Baker Hughes Inc. had an annual average earnings growth of 11% over the past 10 years.

On April 27, 2011 announced net income attributable to Baker Hughes for the first quarter 2011 of $381 million or $0.87 per diluted share compared to $129 million or $0.41 per diluted share for the first quarter 2010 and $335 million or $0.77 per diluted share for the fourth quarter 2010. Revenue for the first quarter 2011 was $4.53 billion, up 78% compared to $2.54 billion for the first quarter 2010 and up 2% compared to $4.42 billion for the fourth quarter 2010.

Sell: Vice President Clifton N.b. Triplett sold 2,000 shares of BHI stock on 03/01/2011 at the average price of 70.66. Clifton N.b. Triplett owns at least 13,356 shares after this. The price of the stock has decreased by 1.97% since.

WATERS CORP (WAT): CFO John A. Ornell sold 180,000 Shares

CFO of WATERS CORP (WAT) John A. Ornell sold 180,000 shares on 04/29/2011 at an average price of $96.87. Waters Corporation is a holding company which owns only and all of the outstanding common stock of Waters Technologies Corporation, the operating subsidiary.

Waters Corp has a market cap of $8.85 billion; its shares were traded at around $96.87 with a P/E ratio of 22.5 and P/S ratio of 5.4. Waters Corp had an annual average earnings growth of 13.5% over the past 10 years. GuruFocus rated Waters Corp the business predictability rank of 5-star.

On Apr 26, 2011 Waters Corporation reported first quarter 2011 sales of $428 million, an increase of 16%, from sales of $368 million in the first quarter of 2010. In the quarter, foreign currency translation added 2% to sales growth. On a GAAP basis, earnings per diluted share (E.P.S.) for the first quarter were $1.01, compared to $0.79 for the first quarter of 2010. On a non-GAAP basis, including the adjustments in the attached reconciliation, E.P.S. grew 28% to $1.04 from $0.81 in the prior year quarter.

Sell: Director Michael J Berendt sold 2,000 shares of WAT stock on 11/22/2010 at the average price of 78.49. Michael J Berendt owns at least 13,500 shares after this. The price of the stock has increased by 23.42% since.

Acme Packet Inc. (APKT): Director Gary J Bowen sold 200,000 Shares

Director of Acme Packet Inc. (APKT) Gary J Bowen sold 200,000 shares on 04/29/2011 at an average price of $76.83. Acme Packet, the leader in session border control solutions, enables service providers to deliver trusted, first class interactive communications voice, video and multimedia sessions across IP network borders.

Acme Packet Inc. has a market cap of $5.05 billion; its shares were traded at around $76.83 with a P/E ratio of 108.3 and P/S ratio of 21.8. Acme Packet Inc. had an annual average earnings growth of 18.1% over the past 5 years.

On Apr 26, 2011 Acme Packet Inc announced record results for the quarter ended March 31, 2011 and raised its business outlook for 2011. All earnings per share results are on a fully diluted basis unless otherwise noted. Results for the First Quarter of 2011

Total revenue in the first quarter of 2011 was $74.0 million, compared to $51.1 million in the first quarter of 2010 and $70.2 million in the fourth quarter of last year. Net income in the first quarter of 2011 was $13.7 million, or $0.19 per share, compared to $8.3 million, or $0.13 per share, in the first quarter of 2010 and $14.5 million, or $0.21 per share, in the fourth quarter of last year. Net income on a non-GAAP1 basis in the first quarter of 2011 was $18.9 million, or $0.27 per share, compared to $10.7 million, or $0.16 per share in the first quarter of last year, and $18.1 million, or $0.26 per share, in the fourth quarter of last year.

Sell: Director Gary J Bowen sold 200,000 shares of APKT stock on 04/29/2011 at the average price of 83.4. Gary J Bowen owns at least 732,193 shares after this. The price of the stock has decreased by 7.88% since.

AMERISOURCEBERGEN CORP. (ABC): Executive VP & CFO Michael D Dicandilo sold 245,258 Shares

Executive VP & CFO of AMERISOURCEBERGEN CORP. (ABC) Michael D Dicandilo sold 245,258 shares on 05/02/2011 at an average price of $41.47. AmerisourceBergen Corporation is one of the world's largest pharmaceutical services companies serving the United States, Canada and selected global markets. Amerisourcebergen Corp. has a market cap of $11.37 billion; its shares were traded at around $41.47 with a P/E ratio of 17.5 and P/S ratio of 0.1.

The dividend yield of Amerisourcebergen Corp. stocks is 1%. Amerisourcebergen Corp. had an annual average earnings growth of 14.4% over the past 10 years. GuruFocus rated Amerisourcebergen Corp. the business predictability rank of 4.5-star.

On Apr 28, 2011 AmerisourceBergen Corporation reported that in its fiscal year 2011 second quarter, ended March 31, 2011, diluted earnings per share were $0.77, a 22 percent increase. Revenue in the quarter was $19.8 billion, up 2 percent. The Company also increased its expectations for fiscal year 2011 diluted earnings per share to a range of $2.41 to $2.49 from its previous range of $2.31 to $2.41. All the results are presented in accordance with U.S. generally accepted accounting principles (GAAP).

Sell: Director Charles H Cotros sold 13,836 shares of ABC stock on 12/22/2010 at the average price of 34.31. Charles H Cotros owns at least 26,253 shares after this. The price of the stock has increased by 20.87% since.

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


Rating: 3.3/5 (7 votes)

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