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

November 20, 2011 | About:
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According to GuruFocus Insider Data, these are the largest insider sells during the past week.

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

Co-Chairman of Bed Bath & Beyond Inc. (NASDAQ: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 (NASDAQ:DISCA): Founder John S Hendricks sold 500,000 Shares

Founder of Discovery Communications Inc. Series A (NASDAQ: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. (NYSE:SPG): Chairman Emeritus of the Board Herbert Simon sold 121,824 Shares

Chairman Emeritus of the Board of Simon Property Group Inc. (NYSE: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. (NYSE:KO): Group President J Alexander Douglas Jr. sold 137,031 Shares

Group President of Coca-Cola Co. (NYSE: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. (NYSE:DTE): Retired Executive Chairman of the Board Anthony F. Earley Jr. sold 155,000 Shares

Retired Executive Chairman of the Board of DTE Energy Co. (NYSE: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.
  • 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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