Weekly Top Insider Sells: MSFT, PRGO, MMM, BBBY, PX

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May 23, 2011
According to GuruFocus Insider Data, these are the largest insider sells during the past week.


Microsoft Corp. (MSFT, Financial): Director William H. Gates III sold 15,000,000 Shares


Director of Microsoft Corp. (MSFT) William H. Gates III sold 15,000,000 shares during the past week at an average price of $24.49.


Microsoft develops, manufactures, licenses, and supports a wide range of softwareproducts for a multitude of computing devices. Microsoft Corp. has a market cap of $205.77 billion; its shares were traded at around $24.49 with a P/E ratio of 10 and P/S ratio of 3.3. The dividend yield of Microsoft Corp. stocks is 2.6%. 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 April 28, 2011, Microsoft Corp. announced third-quarter revenue of $16.43 billion for the quarter ended March 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 Microsoft stock on May 11, 2011, at the average price of 25.42. William H Gates III owns at least 575,976,087 shares after this. The price of the stock has decreased by 3.66% since.


Perrigo Company (PRGO, Financial): Director Moshe Arkin sold 287,557 Shares


Director of Perrigo Company (PRGO) Moshe Arkin sold 287,557 shares during the past week at an average price of $85.5.


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 $7.89 billion; its shares were traded at around $85.5 with a P/E ratio of 23.2 and P/S ratio of 3.4. The dividend yield of Perrigo Company stocks is 0.3%. 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 May 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 1.72% since.


3M Company (MMM, Financial): Eexecutive VP Consumer & Office Joe E. Harlan sold 251,426 Shares


Eexecutive VP Consumer & Office of 3M Company (MMM) Joe E. Harlan sold 251,426 shares during the past week at an average price of $93.56.


3M Company is a diversified technology company with positions in consumer and office; display and graphics; electronics and telecommunications; health care; industrial; safety, security and protection services; transportation and other businesses. 3M Company has a market cap of $66.6 billion; its shares were traded at around $93.56 with a P/E ratio of 16 and P/S ratio of 2.5. The dividend yield of 3M Company stocks is 2.3%. 3M Company had an annual average earnings growth of 10.5% over the past 10 years. GuruFocus rated 3M Company the business predictability rank of 3.5-star.


On April 26, 2011m 3M reported record first-quarter sales of $7.3 billion, up 15.2% year-on-year, including an 8.9% increase in organic sales volumes. Earnings rose 15.5% to $1.49 per share and operating margins for the quarter were 21.6%. All six of the company’s business segments posted operating margins above 21% in the quarter. The company estimates that combined direct and indirect business disruption resulting from events in Japan reduced first-quarter sales growth by 70 basis points, operating margins by 40 basis points and earnings by $0.03 per share.


Sell: Eexecutive VP Consumer & Office Joe E. Harlan sold 22,000 shares of MMM stock on May 18, 2011, at the average price of 93.66. Joe E. Harlan owns at least 66,581 shares after this. The price of the stock has decreased by 0.11% since.


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


Co-Chairman of Bed Bath & Beyond Inc. (BBBY) Warren Eisenberg sold 300,000 shares on May 12, 2011, at an average price of $53.83.


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 $13.46 billion; its shares were traded at around $53.83 with a P/E ratio of 17.4 and P/S ratio of 1.6. 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 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. 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 April 8, 2011, at the average price of 54.37. Matthew Fiorilli owns at least 193,803 shares after this. The price of the stock has decreased by 0.99% since.


Praxair Inc. (PX, Financial): Executive Vice President Ricardo S. Malfitano sold 148,000 Shares


Executive Vice President of Praxair Inc. (PX) Ricardo S. Malfitano sold 148,000 shares on May 19, 2011, at an average price of $104.47.


Praxair is one of the largest industrial gases companies in North and South America. Praxair Inc. has a market cap of $31.72 billion; its shares were traded at around $104.47 with a P/E ratio of 21.2 and P/S ratio of 3.2. The dividend yield of Praxair Inc. stocks is 1.9%. Praxair Inc. had an annual average earnings growth of 10.9% over the past 10 years. GuruFocus rated Praxair Inc. the business predictability rank of 5-star.


On April 27, 2011, Praxair Inc. reported first-quarter net income and diluted earnings per share of $398 million and $1.29, 17% and 18% above the prior-year quarter, respectively*. Sales in the first quarter were $2,702 million, 11% above the previous-year quarter, due primarily to broad-based volume growth. Sales increased across all geographic regions with strongest growth from manufacturing, metals, chemicals and electronics markets. Sales rose 3% sequentially from the fourth quarter of 2010 due to higher volumes and price. Operating profit in the first quarter was $591 million, up 17% from the prior-year quarter due to higher volumes, higher price and productivity.* Earnings before interest, taxes, depreciation and amortization (EBITDA) of $844 million grew by 14% from the prior-year period.*


Sell: Senior VP Gen. Counsel & Sec. James T. Breedlove sold 37,000 shares of Praxair stock on April 29, 2011, at the average price of 106.18. James T. Breedlove owns at least 32,529 shares after this. The price of the stock has decreased by 1.61% since.


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