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Weekly Top Insider Sells: SLE , MSFT, PRGO, DVA

May 16, 2011 | About:
gurugk

gurugk

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On May 5, 2011, Sara Lee Corp. reported earnings for the third quarter of fiscal 2011, and announced portfolio changes. Third Quarter Highlights: 6% increase in adjusted net sales from continuing operations to $2.2 billion. Reported net sales increased 7%. 11% decline in adjusted operating income from continuing operations. Reported operating income from continuing operations declined 6%. $0.24 adjusted EPS from continuing operations compared to $0.22 in year-ago period. Reported diluted EPS from continuing operations was $0.22 compared to $0.03 in prior year’s third quarter. 12% increase in MAP spending.

Sell: Director Jeffrey W. Ubben sold 306,000 shares of Sara Lee Corp. stock on 02/09/2011, at the average price of 17. Jeffrey W. Ubben owns at least 34,612,822 shares after this. The price of the stock has increased by 13.29% since.

Microsoft Corp. (MSFT): Director William H. Gates III sold 5,000,000 Shares

Director of Microsoft Corp. (MSFT) William H. Gates III sold 5,000,000 shares on 05/11/2011, at an average price of $25.03.

Microsoft develops, manufactures, licenses and supports a wide range of software products for a multitude of computing devices. Microsoft Corp. has a market cap of $210.31 billion; its shares were traded at around $25.03 with a P/E ratio of 10.17 and P/S ratio of 3.37. The dividend yield of Microsoft Corp. stocks is 2.56%. Microsoft Corp. had an annual average earnings growth of 12.6% over the past 10 years. GuruFocus rated Microsoft Corp. the business predictability rank of 3-star.

On Apr. 28, 2011, Microsoft Corp. announced third-quarter revenue of $16.43 billion for the quarter ended Mar. 31, 2011, a 13% increase from the same period of the prior year. Operating income, net income and diluted earnings per share for the quarter were $5.71 billion, $5.23 billion and $0.61 per share, which represented increases of 10%, 31% and 36%, respectively, when compared with the prior year period. Diluted earnings per share included a $0.05 tax benefit primarily related to an agreement with the U.S. Internal Revenue Service to settle a portion of their audit of tax years 2004 to 2006.

Sell: Director William H. Gates III sold 5,000,000 shares of MSFT stock on 02/03/2011, at the average price of 27.65. William H. Gates III owns at least 590,974,696 shares after this. The price of the stock has decreased by 9.48% since.

Perrigo Company (PRGO): Director Moshe Arkin sold 334,950 Shares

Director of Perrigo Company (PRGO) Moshe Arkin sold 334,950 shares during the past week at an average price of $86.6.

Perrigo Company, is the nations largest manufacturer of store brand over-the-counter (non-prescription) pharmaceutical products and also manufactures store brand nutritional products. Perrigo Company has a market cap of $8 billion; its shares were traded at around $86.6 with a P/E ratio of 23.41 and P/S ratio of 3.52. The dividend yield of Perrigo Company stocks is 0.32%. Perrigo Company had an annual average earnings growth of 17.7% over the past 10 years. GuruFocus rated Perrigo Company the business predictability rank of 2.5-star.

On May 3, 2011, Perrigo Company announced results for its third quarter ended March 26, 2011. Fiscal third-quarter revenue from continuing operations increased $154 million, or 29%, to $692 million. Fiscal third-quarter GAAP income from continuing operations increased 49% to $92 million, or $0.98 per share. Fiscal third-quarter adjusted income from continuing operations increased 33% to $100 million, or $1.07 per share. Management raises full-year fiscal 2011, adjusted diluted earnings from continuing operations guidance to $3.90-$4.00 per share from previously announced $3.75-$3.90 per share.

Sell: Sr. VP Global Human Resources Michael Robert Stewart sold 3,731 shares of Perrigo stock on 05/09/2011, at the average price of 87. Michael Robert Stewart owns at least 3,918 shares after this. The price of the stock has decreased by 0.46% since.

DAVITA INC. (DVA): Chairman & Chief Exec. Officer Kent J. Thiry sold 208,508 Shares

Chairman & Chief Exec. Officer of DAVITA INC. (DVA) Kent J. Thiry sold 208,508 shares on 05/06/2011, at an average price of $85.59.

DaVita Inc. is one of the largest providers of high-quality dialysis and related services for patients suffering from chronic kidney failure, also known as end stage renal disease. Davita Inc. has a market cap of $8.22 billion; its shares were traded at around $85.59 with a P/E ratio of 19.9 and P/S ratio of 1.27. Davita Inc. had an annual average earnings growth of 18.4% over the past 10 years. GuruFocus rated Davita Inc. the business predictability rank of 4-star.

On Feb 10, 2011, DaVita Inc. announced results for the quarter and year ended December 31, 2010. Net income attributable to DaVita Inc. for the quarter and year ended Dec. 31, 2010, excluding after-tax debt refinancing and redemption charges of $42.9 million and $45.4 million respectively, was $111.9 million and $451.1 million, or $1.13 per share and $4.38 per share, respectively. This compares to net income attributable to DaVita Inc. for the quarter and year ended Dec. 31, 2009, of $109.7 million and $422.7 million, or $1.06 per share and $4.06 per share, respectively.

Sell: SVP & Chief People Officer Laura Mildenberger sold 382 shares of DVA stock on 04/05/2011, at the average price of 86.48. Laura Mildenberger owns at least 3,368 shares after this. The price of the stock has decreased by 1.03% since.

Bed Bath & Beyond Inc. (BBBY): Co-Chairman Warren Eisenberg sold 300,000 Shares

Co-Chairman of Bed Bath & Beyond Inc. (BBBY) Warren Eisenberg sold 300,000 shares on 05/12/2011, at an average price of $55.65.

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 $13.92 billion; its shares were traded at around $55.65 with a P/E ratio of 18.07 and P/S ratio of 1.59. Bed Bath & Beyond Inc. had an annual average earnings growth of 13.1% over the past 10 years. GuruFocus rated Bed Bath & Beyond Inc. the business predictability rank of 3-star.

On April 6, 2011, Bed Bath & Beyond Inc. reported net earnings of $1.12 per diluted share ($283.5 million) in the fiscal fourth quarter ended Feb. 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. Comparable store sales in the fiscal fourth quarter of 2010 increased by approximately 8.5%, compared with an increase of approximately 11.5% in last year's fiscal fourth quarter.

Sell: Senior VP - Stores Matthew Fiorilli sold 6,600 shares of Bed Bath & Beyond stock on 04/08/2011, at the average price of 54.37. Matthew Fiorilli owns at least 193,803 shares after this. The price of the stock has increased by 2.35% 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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