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Weekly Top Insider Sells: BLK, HSY, INTU, CXO, and UNH

May 30, 2011 | About:
GuruFocus

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

BLACKROCK INC. (BLK): Director Bank Plc /eng/ Barclays sold 2,356,750 Shares

Director of BLACKROCK INC. (BLK) Bank Plc /eng/ Barclays sold 2,356,750 shares on 05/23/2011 at an average price of $200.67.

BlackRock, Inc. is one of the largest investment management firms in the United States. Blackrock Inc. has a market cap of $37.73 billion; its shares were traded at around $200.67 with a P/E ratio of 17.3 and P/S ratio of 4.4. The dividend yield of Blackrock Inc. stocks is 2.9%. Blackrock Inc. had an annual average earnings growth of 25.1% over the past 10 years. GuruFocus rated Blackrock Inc. the business predictability rank of 4-star.

On April 21, 2011 BlackRock, Inc. reported first quarter 2011 net income of $568 million, up $145 million from a year ago. Operating income was $798 million and non-operating income, net of non-controlling interests, was $19 million. The first quarter 2011 operating margin was 35.0%, which included $21 million of launch costs for the $1 billion Resources and Commodities Strategy closed-end fund. Net income was down $89 million compared to fourth quarter 2010 primarily due to the seasonal nature of performance fees.

Sell: Senior Managing Director Robert W Fairbairn sold 10,136 shares of BLK stock on 02/02/2011 at the average price of 199.09. Robert W Fairbairn owns at least 66,197 shares after this. The price of the stock has increased by 0.79% since.

THE HERSHEY COMPANY (HSY): Executive Vice President David J West sold 691,131 Shares

Executive Vice President of THE HERSHEY COMPANY (HSY) David J West sold 691,131 shares on 05/26/2011 at an average price of $55.02.

The Hershey Company is a snack food company and the largest North American manufacturer of quality chocolate and non-chocolate confectionery products. The Hershey Company has a market cap of $12.77 billion; its shares were traded at around $55.02 with a P/E ratio of 21.4 and P/S ratio of 2.3. The dividend yield of The Hershey Company stocks is 2.5%. The Hershey Company had an annual average earnings growth of 5.1% over the past 10 years.

On Apr 26, 2011 The Hershey Company announced sales and earnings for the first quarter ended April 3, 2011. Consolidated net sales were $1,564,223,000 compared with $1,407,843,000 for the first quarter of 2010. Reported net income for the first quarter of 2011 was $160,115,000 or $0.70 per share-diluted, compared with $147,394,000 or $0.64 per share-diluted for the comparable period of 2010.

Sell: SVP, Strategy & Business Dev Javier H Idrovo sold 19,319 shares of HSY stock on 05/03/2011 at the average price of 57.3. Javier H Idrovo owns at least 14,375 shares after this. The price of the stock has decreased by 3.98% since.

Intuit Inc. (INTU): Chairman of Exec. Committee Scott D Cook sold 500,000 Shares

Chairman of Exec. Committee of Intuit Inc. (INTU) Scott D Cook sold 500,000 shares on 05/23/2011 at an average price of $53.37.

Intuit's mission is to revolutionize how people manage their financialactivities. Intuit Inc. has a market cap of $16.26 billion; its shares were traded at around $53.37 with a P/E ratio of 30.4 and P/S ratio of 4.7. Intuit Inc. had an annual average earnings growth of 18.2% over the past 10 years. GuruFocus rated Intuit Inc. the business predictability rank of 4-star.

Intuit Inc. announced financial results for its third fiscal quarter, which ended April 30.Unless otherwise noted, all growth rates refer to the current period versus the comparable prior-year period.Third-quarter Highlights. Revenue was $1.8 billion, up 15 percent. Non-GAAP diluted earnings per share were up 23 percent; GAAP diluted earnings per share grew 24 percent.To reflect positive year-to-date performance, the company revised full-year guidance. For the season, total TurboTax units were up 11 percent, with TurboTax Online units up 18 percent.

  • Small Business remained a key driver of overall growth, posting 13 percent revenue growth that was driven by customer acquisition in connected services and improved revenue mix.
Sell: EVP, Small Business Group Kiran M Patel sold 100,000 shares of INTU stock on 02/22/2011 at the average price of 52.9. Kiran M Patel owns at least 33,326 shares after this. The price of the stock has increased by 0.89% since.

CONCHO RESOURCES INC. (CXO): SVP & COO E Joseph Wright sold 152,976 Shares

SVP & COO of CONCHO RESOURCES INC. (CXO) E Joseph Wright sold 152,976 shares on 05/25/2011 at an average price of $95.13.

Concho Resources Inc. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and exploration of oil and natural gas properties. Concho Resources Inc. has a market cap of $9.71 billion; its shares were traded at around $95.13 with a P/E ratio of 31.9 and P/S ratio of 9.9.

On May 04, 2011 Concho Resources Inc. reported financial and operating results for the three months ended March 31, 2011. Highlights for the three months ended March 31, 2011 include:Production of 5.2 million barrels of oil equivalents ("MMBoe") for the first quarter of 2011, a 63% increase over the first quarter of 2010 and a 5% increase over the fourth quarter of 2010. Net income of $42.6 million, or $0.42 per diluted share, for the first quarter of 2011, as compared to net income of $67.5 million, or $0.75 per diluted share in the first quarter of 2010. Adjusted net income (non-GAAP) of $81.3 million, or $0.79 per diluted share, for the first quarter of 2011, as compared to $52.9 million, or $0.59 per diluted share, for the first quarter of 20101. EBITDAX2 (non-GAAP) of $259.5 million for the first quarter of 2011, an increase of 69% over the first quarter of 2010.

Sell: Director Ray M Poage sold 1,500 shares of CXO stock on 03/02/2011 at the average price of 108. Ray M Poage owns at least 14,020 shares after this. The price of the stock has decreased by 11.92% since.

UNITEDHEALTH GROUP Inc. (UNH): EVP & Chief of Medical Affairs Reed Vaughn Tuckson sold 140,000 Shares

EVP & Chief of Medical Affairs of UNITEDHEALTH GROUP Inc. (UNH) Reed Vaughn Tuckson sold 140,000 shares on 05/20/2011 at an average price of $48.3.

UnitedHealth Group Inc. offers health care coverage and related services to help people achieve improved health and well-being through all stages of life. Unitedhealth Group Inc. has a market cap of $53.05 billion; its shares were traded at around $48.3 with a P/E ratio of 11.3 and P/S ratio of 0.6. The dividend yield of Unitedhealth Group Inc. stocks is 1%. Unitedhealth Group Inc. had an annual average earnings growth of 40.7% over the past 10 years. GuruFocus rated Unitedhealth Group Inc. the business predictability rank of 2.5-star.

On April 21 2011 net earnings were $1.22 per share. Key performance metrics and costs were in line with or better than Company expectations: Revenues of $25.4 Billion Increased 10% Year-Over-Year

• Optum Businesses Increased Revenues 20% Year-Over-Year

• UnitedHealthcare Businesses Grew By More Than 1.2 Million People in First Quarter

Sell: EVP and General Counsel Christopher James Walsh sold 3,450 shares of UNH stock on 03/30/2011 at the average price of 45. Christopher James Walsh owns at least 80,438 shares after this. The price of the stock has increased by 7.33% since.

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


Rating: 3.3/5 (9 votes)

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