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Weekly Top Insider Sells: TIF, ORCL, HNZ, AZO, QCOM

October 02, 2011 | About:
Guru GK

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

Tiffany & Co. (TIF): Director Peter W. May sold 600,000 Shares

Director of Tiffany & Co. (TIF) Peter W May sold 600,000 shares during the past week at an average price of $60.82.

Tiffany & Co. operates jewelry and specialty retail stores and manufactures products through its subsidiary corporations. Tiffany & Co. has a market cap of $7.77 billion; its shares were traded at around $60.82 with a P/E ratio of 17.8 and P/S ratio of 2.4. The dividend yield of Tiffany & Co. stocks is 1.9%. Tiffany & Co. had an annual average earnings growth of 8.3% over the past 10 years. GuruFocus rated Tiffany & Co. the business predictability rank of 3-star.

On Aug. 26, 2011 Tiffany & Co. announced its financial results for the second quarter ended July 31, 2011. Net sales rose 30% over the prior year due to strong growth in all geographic regions. Net earnings increased 33% and, excluding nonrecurring charges, rose 58% in the quarter. Net earnings were 69 cents per diluted share in the quarter and, excluding nonrecurring charges, were 86 cents per diluted share. Management increased its earnings forecast for fiscal 2011 to reflect the better-than-expected second quarter results.

Executive Vice President Jon M. King sold 15,000 shares of TIF stock on Sept. 15, 2011 at the average price of $75.69. Jon M. King owns at least 18,065 shares after this. The price of the stock has decreased by 19.65% since.

Oracle Corp. (ORCL): President Safra Catz sold 350,000 Shares

President of Oracle Corp. (ORCL) Safra Catz sold 350,000 shares on Sept. 23, 2011 at an average price of $28.74.

Oracle Corporation is one of the world's suppliers of software for information management. Oracle Corp. has a market cap of $145.58 billion; its shares were traded at around $28.74 with a P/E ratio of 13.2 and P/S ratio of 4.1. The dividend yield of Oracle Corp. stocks is 0.8%. Oracle Corp. had an annual average earnings growth of 19.3% over the past 10 years. GuruFocus rated Oracle Corp. the business predictability rank of 3.5-star.

On Sept. 20, 2011 Oracle Corporation announced fiscal 2012 first-quarter GAAP total revenues were up 12% to $8.4 billion, while non-GAAP total revenues were up 11% to $8.4 billion. Both GAAP and non-GAAP new software license revenues were up 17% to $1.5 billion.

Director Naomi O. Seligman sold 60,000 shares of ORCL stock on July 19, 2011 at the average price of $32.44. Naomi O. Seligman owns at least 13,645 shares after this. The price of the stock has decreased by 11.41% since.

H.J. Heinz Co. (HNZ): Director Nelson Peltz sold 150,000 Shares

Director of H.J. Heinz Co. (HNZ) Nelson Peltz sold 150,000 shares on Sept, 27, 2011 at an average price of $50.48.

H.J. Heinz Company and its subsidiaries manufacture and market an extensive line of processed food products throughout the world. H.J. Heinz Co. has a market cap of $16.24 billion; its shares were traded at around $50.48 with a P/E ratio of 16.2 and P/S ratio of 1.5. The dividend yield of H.J. Heinz Co. stocks is 3.8%. H.J. Heinz Co. had an annual average earnings growth of 3.6% over the past 10 years.

August 2011 H.J. Heinz Company reported first-quarter sales growth of 14.9%, fueled by dynamic growth in emerging markets and higher global sales of ketchup and the Company’s Top 15 brands.

Executive Vice President and General Counsel Theodore Nicholas Bobby sold 67,444 shares of HNZ stock on June 2, 2011 at the average price of $53.77. Theodore Nicholas Bobby owns at least 89,442 shares after this. The price of the stock has decreased by 6.12% since.

AutoZone Inc. (AZO): Senior Vice President Timothy W. Briggs sold 23,403 Shares

Senior Vice President of AutoZone Inc. (AZO) Timothy W. Briggs sold 23,403 shares during the past week at an average price of $319.19.

AutoZone is the nation's specialty retailer of automotive parts and accessories, primarily focusing on do-it-yourself customers. AutoZone Inc. has a market cap of $13.27 billion; its shares were traded at around $319.19 with a P/E ratio of 16.3 and P/S ratio of 1.7. AutoZone Inc. had an annual average earnings growth of 16.3% over the past 10 years. GuruFocus rated AutoZone Inc. the business predictability rank of 5-star.

On Sept. 20, 2011 AutoZone Inc. reported net sales of $2.6 billion for its fourth quarter (16 weeks) ended August 27, 2011, an increase of 8.1% from the fourth quarter of fiscal 2010 (16 weeks).

Senior Vice President Timothy W. Briggs sold 10,573 shares of AZO stock on Sept. 26, 2011 at the average price of 325.91. Timothy W. Briggs owns at least 13,289 shares after this. The price of the stock has decreased by 2.06% since.

Qualcomm Inc. (QCOM): Director Irwin M. Jacobs sold 95,322 Shares

Director of Qualcomm Inc. (QCOM) Irwin M. Jacobs sold 95,322 shares on Sept. 27, 2011 at an average price of $48.63.

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 $81.55 billion; its shares were traded at around $48.63 with a P/E ratio of 18.5 and P/S ratio of 7.5. The dividend yield of Qualcomm Inc. stocks is 1.8%. 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 July 20, 2011 Qualcomm Incorporated announced results for the third quarter of fiscal 2011 ended June 26, 2011. Revenues: Operating income was $1.11 billion, up 25% year over year and down 22% sequentially. Net income: diluted earnings per share were $0.61, up 30% year over year and 3% sequentially. Effective tax rate: 23% for the quarter. Operating cash flow: $1.26 billion, up 33% year over year.

Executive Vice President Margaret L. Johnson sold 30,000 shares of QCOM stock on Aug. 1, 2011 at the average price of $55.17. Margaret L. Johnson owns at least 18,991 shares after this. The price of the stock has decreased by 11.85% since.

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

Tickers in the article:

  • 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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