Weekly CEO Sells Highlight: EMC Corp, Bed Bath & Beyond Inc, Eaton Vance Corp, and Wisconsin Energy Corp

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Oct 23, 2011
According to GuruFocus Insider Data, these are the largest CEO sales during the past week: EMC Corp, Bed Bath & Beyond Inc, Eaton Vance Corp, and Wisconsin Energy Corp

EMC Corp. (EMC, Financial): Chairman, President and CEO Joseph M Tucci sold 350,000 Shares

Chairman, President and CEO of EMC Corp. (EMC) Joseph M Tucci sold 350,000 shares on 10/21/2011 at an average price of $24. EMC Corporation and its subsidiaries design, manufacture, market and support a wide range of hardware and software products and provide services for the storage, management, protection and sharing ofelectronic information. Emc Corp. has a market cap of $49.62 billion; its shares were traded at around $24.03 with a P/E ratio of 21 and P/S ratio of 3. Emc Corp. had an annual average earnings growth of 10.6% over the past 5 years.

EMC Corp reported their 2011 third quarter results. The Company reported that consolidated revenue was $4.98 billion and non-GAAP net income attributable was $822 million.

Chairman, President and CEO Joseph M Tucci sold 920,000 shares of EMC stock in July and August. EVP & CFO David I Goulden sold 8,000 shares of EMC stock on 10/19/2011 at the average price of 23.81. Vice Chairman William J Jr Teuber, Director Gail Deegan, EVP, Office of the Chairman Harry L. You, Pres & COO II & Cloud Services Howard D Elias and Executive Chairman, RSA Arthur W Jr Coviello sold 298,128 shares of EMC stock in August and October.

Bed Bath & Beyond Inc. (BBBY, Financial): CEO Steven H Temares sold 300,000 Shares

CEO of Bed Bath & Beyond Inc. (BBBY) Steven H Temares sold 300,000 shares on 10/14/2011 at an average price of $60.23. 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 $15.41 billion; its shares were traded at around $61.81 with a P/E ratio of 17.7 and P/S ratio of 1.8. 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.

In Bed Bath & Beyond Inc’s 2010 annual report, revenues were $8.76 billion and net income was $791.3 million.

CEO Steven H Temares sold 300,000 shares of BBBY stock on 10/14/2011. CFO and Treasurer Eugene A Castagna sold 120,466 shares of BBBY stock on 07/01/2011. Co-Chairman Warren Eisenberg, Co-Chairman Leonard Feinstein, President and CMO Arthur Stark and Senior VP - Stores Matthew Fiorilli sold 1,093,205 shares of BBBY stock September and October.

Eaton Vance Corp. (EV, Financial): CEO Thomas E Jr Faust sold 208,450 Shares

CEO of Eaton Vance Corp. (EV) Thomas E Jr Faust sold 208,450 shares on 10/14/2011 at an average price of $23.78. Eaton Vance Corp.'s principal business is creating, marketing and managing investment funds and providing investment management and counseling services to institutions and individuals. Eaton Vance Corp. has a market cap of $2.86 billion; its shares were traded at around $24.49 with a P/E ratio of 14.2 and P/S ratio of 2.5. The dividend yield of Eaton Vance Corp. stocks is 3%. Eaton Vance Corp. had an annual average earnings growth of 3.8% over the past 10 years.

Revenues were $327.3 million and net income was $68.9 million for Eaton Vance Corp.’s 2011 third quarter results.

CEO Thomas E Jr Faust sold 208,450 shares of EV stock on 10/14/2011 at the average price of 23.78. CFO Robert J Whelan sold 394 shares of EV stock on 07/12/2011 at the average price of 29.15. Director Winthrop H Jr Smith bought 6,000 shares of EV stock on 08/22/2011 at the average price of 21.73. Chief Administrative Officer Jeffrey P Beale and Executive Vice President Duncan W Richardson sold 143,926 shares of EV stock in August and October.

Wisconsin Energy Corp. (WEC, Financial): Chairman, President, and CEO Gale E Klappa sold 149,900 Shares

Chairman, President, and CEO of Wisconsin Energy Corp. (WEC) Gale E Klappa sold 149,900 shares on 10/19/2011 at an average price of $32.2. Wisconsin Energy Corp. is a holding company with subsidiaries in utility and non-utility businesses. Wisconsin Energy Corp. has a market cap of $7.69 billion; its shares were traded at around $32.9 with a P/E ratio of 15.4 and P/S ratio of 1.8. The dividend yield of Wisconsin Energy Corp. stocks is 3.2%. Wisconsin Energy Corp. had an annual average earnings growth of 2.1% over the past 10 years. GuruFocus rated Wisconsin Energy Corp. the business predictability rank of 3-star.

On July 28th, Wisconsin Energy Group reported their 2011 second quarter financial results. The Company reported net income from continuing operations of $98 million and revenues totaled to be $992 million.

Chairman, President, and CEO Gale E Klappa sold 250,000 shares of WEC stock in May and October. Executive Vice President & CFO Frederick D Kuester sold 344,000 shares of WEC stock in May and October. Executive Vice President Allen L Leverett, Vice President and Controller Stephen P Dickson, Director Robert A Cornog and Director Barbara L Bowles sold 100,820 shares of WEC stock in May, August, September and October.

For the complete list of stocks that bought by their CEOs, go to: Insider Buys.