Weekly Top Insider Sells: BBBY, DISCA, SPG, KO and DTE

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Nov 21, 2011
According to GuruFocus Insider Data, these are the largest insider sells during the past week.


Bed Bath & Beyond Inc. (BBBY, Financial): Co-Chairman Leonard Feinstein sold 728,190 Shares


Co-Chairman of Bed Bath & Beyond Inc. (BBBY) Leonard Feinstein sold 728,190 shares during the past week at an average price of $59.99.


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 $14.68 billion; its shares were traded at around $59.99 with a P/E ratio of 17 and P/S ratio of 1.7. 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 September 21, Bed Bath & Beyond Inc. reported net earnings of $.93 per diluted share ($229.4 million) in the fiscal second quarter ended August 27, 2011, an increase of approximately 33% versus net earnings of $.70 per diluted share ($181.8 million) in the same quarter a year ago. Net sales for the fiscal second quarter of 2011 were approximately $2.314 billion, an increase of approximately 8.3% from net sales of approximately $2.137 billion reported in the fiscal second quarter of 2010. Comparable store sales in the fiscal second quarter of 2011 increased by approximately 5.6%, compared with an increase of approximately 7.4% in last year's fiscal second quarter


Co-Chairman Warren Eisenberg sold 33,431 shares of BBBY stock on 11/11/2011 at the average price of 62.22. Warren Eisenberg owns at least 3,470,569 shares after this. The price of the stock has decreased by 3.58% since.


Discovery Communications Inc. Series A (DISCA, Financial): Founder John S Hendricks sold 500,000 Shares


Founder of Discovery Communications Inc. Series A (DISCA) John S Hendricks sold 500,000 shares on 11/10/2011 at an average price of $40.62.


Discovery Communications Inc., formerly Discovery Holding Company, is a holding company that conducts operations through its two wholly owned operating subsidiaries. Discovery Communications Inc. Series A has a market cap of $11.55 billion; its shares were traded at around $40.62 with a P/E ratio of 18.2 and P/S ratio of 3. Discovery Communications Inc. Series A had an annual average earnings growth of 115.7% over the past 5 years.


On Nov. 1, 2011 Discovery Communications announced the third quarter revenues of $1,095 million increased $169 million, or 18%, over the third quarter a year ago, led by 19% growth at U.S. Networks and 19% growth at International Networks. Adjusted Operating Income Before Depreciation and Amortization ("OIBDA") grew 15% to $479 million, driven by a 9% increase at U.S. Networks and a 20% increase at International Networks. Third quarter net income from continuing operations available to Discovery Communications, Inc. stockholders of $238 million ($0.59 per diluted share) increased $77 million compared to $161 million ($0.37 per diluted share) for the third quarter a year ago.


Founder John S. Hendricks sold 100,000 shares of DISCA stock on 10/24/2011 at the average price of $43.1. John S. Hendricks owns at least 1,747,950 shares after this. The price of the stock has decreased by 5.75% since.


Simon Property Group Inc. (SPG, Financial): Chairman Emeritus of the Board Herbert Simon sold 121,824 Shares


Chairman Emeritus of the Board of Simon Property Group Inc. (SPG) Herbert Simon sold 121,824 shares on 11/11/2011 at an average price of $123.21.


Simon Property Group Inc. is a self-administered and self-managed real estate investment trust which, through its subsidiary partnerships, is engaged in the ownership, development, management, leasing, acquisition and expansion of income-producing properties, primarily regional malls and community shopping centers. Simon Property Group Inc. has a market cap of $36.17 billion; its shares were traded at around $123.21 with a P/E ratio of 18.2 and P/S ratio of 9.2. The dividend yield of Simon Property Group Inc. stocks is 2.6%. Simon Property Group Inc. had an annual average earnings growth of 3.2% over the past 10 years.


On Oct. 25, 2011 Simon Property Group Inc. reported results for the quarter ended September 30, 2011. Net income attributable to common stockholders was $274.0 million, or $0.93 per diluted share, as compared to $230.6 million, or $0.79 per diluted share, in the prior year period. The increase on a per share basis was 17.7%.Funds from Operations ("FFO") was $606.2 million, or $1.71 per diluted share, as compared to$318.5 million, or $0.90 per diluted share, in the prior year period. Third quarter 2010 FFO as adjusted for a debt extinguishment charge was $503.6 million or $1.43 per diluted share. The increase on an as adjusted per share basis was 19.6%.


Executive Vice President and President Simon Management Group John Rulli sold 4,000 shares of SPG stock on 08/24/2011 at the average price of $115.5. John Rulli owns at least 82,209 shares after this. The price of the stock has increased by 6.68% since.


Coca-Cola Co. (KO, Financial): Group President J Alexander Douglas Jr. sold 137,031 Shares


Group President of Coca-Cola Co. (KO) J Alexander Douglas Jr. sold 137,031 shares on 11/11/2011 at an average price of $67.39.


The Coca-Cola Company is the world's largest beverage company and is the producer and marketer of soft drinks. Coca-cola Co. has a market cap of $154.73 billion; its shares were traded at around $67.39 with a P/E ratio of 17.8 and P/S ratio of 4.3. The dividend yield of Coca-Cola Co. stocks is 2.8%. Coca-Cola Co. had an annual average earnings growth of 7.3% over the past 10 years. GuruFocus rated Coca-Cola Co. the business predictability rank of 4-star.


On Oct. 18, 2011 the Coca-Cola Company reported strong third quarter and year-to-date 2011 operating results. The company continued to see growth in sparkling beverages, with worldwide brand Coca-Cola volume growth of 3% in the quarter driven by a number of markets around the world, including 17% in India, 11% in Argentina, 7% in China, 6% in Mexico and 5% each in France, Germany and Great Britain. Worldwide sparkling beverage volume grew 4% in the quarter, with international sparkling beverage volume up 3%.


Pres., European Group Dominique Reiniche sold 50,000 shares of KO stock on 09/20/2011 at the average price of $71.01. Dominique Reiniche owns at least 115,974 shares after this. The price of the stock has decreased by 5.1% since.


DTE Energy Co. (DTE, Financial): Retired Executive Chairman of the Board Anthony F. Earley Jr. sold 155,000 Shares


Retired Executive Chairman of the Board of DTE Energy Co. (DTE) Anthony F. Earley Jr. sold 155,000 shares on 11/10/2011 at an average price of $51.21.


DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. DTE Energy Co. has a market cap of $8.67 billion; its shares were traded at around $51.21 with a P/E ratio of 13.8 and P/S ratio of 1. The dividend yield of DTE Energy Co. stocks is 4.6%. DTE Energy Co. had an annual average earnings growth of 4.7% over the past 10 years.


On November 4, 2011 DTE Energy reported third quarter 2011 results; narrows 2011 earnings guidance. It reported third quarter 2011 earnings of $183 million, or $1.07 per diluted share, compared with $163 million, or $0.96 per diluted share, in the third quarter of 2010. Operating earnings for the third quarter 2011 were $183 million, or $1.07 per diluted share, compared with third quarter 2010 operating earnings of $163 million, or $0.96 per diluted share. Reported earnings for the first nine months ended September 30, 2011 were $561 million or $3.30 per diluted share versus $478 million or $2.84 per diluted share in 2010. Year-to-date operating earnings were $482 million or $2.83 per diluted share, compared with $458 million or $2.72 per diluted share in 2010.


Former Senior Vice President and CIO Lynne Ellyn sold 9,724 shares of DTE stock on 08/15/2011 at the average price of $47.82. The price of the stock has increased by 7.09% since.


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