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Weekly Top Insider Sells: CCI, SLB, IBM, BLK, and FCL

February 20, 2012 | About:
gurufocus

gurufocus

373 followers
According to GuruFocus Insider Data, these are the largest insider sells during the past week. The overall trend of insiders is illustrated in the chart below:

Crown Castle (CCI): Director David C. Abrams sold 2,697,983 Shares

Director of Crown Castle (CCI) David C. Abrams sold 2,697,983 shares on 02/16/2012 at an average price of $51.37.

Crown Castle International is a owner and operator of towers and transmission networks for wireless communications and broadcast transmission companies. Crown Castle has a market cap of $14.61 billion; its shares were traded at around $51.37 with a P/E ratio of 93.4 and P/S ratio of 7.19. Crown Castle had an annual average earnings growth of 13.9% over the past 10 years.

On Jan. 25, 2012 Crown Castle International Corp. reported results for the quarter and year ended December 31, 2011. Total revenue for the fourth quarter of 2011 increased 5% to $519 million from $496 million for the same period in 2010. Net income for the fourth quarter of 2011 increased 20% to $49 million compared to $41 million for the same period in 2010. Net income for full year 2011 increased to $171 million compared to net loss of $311 million for the same period in 2010.

Director Robert E. Garrison II sold 2,791 shares of CCI stock on 11/08/2011 at the average price of $41.95. Robert E. Garrison II owns at least 28,000 shares after this. The price of the stock has increased by 22.46% since.

Schlumberger Ltd. (SLB): Director Andrew Gould sold 800,000 Shares

Director of Schlumberger Ltd. (SLB) Andrew Gould sold 800,000 shares on 02/17/2012 at an average price of $77.74.

Schlumberger Limited is a global technology services company consisting of two business segments, Schlumberger Oilfield Services and SchlumbergerSema. Schlumberger Ltd. has a market cap of $104.34 billion; its shares were traded at around $77.74 with a P/E ratio of 21.18 and P/S ratio of 2.64. The dividend yield of Schlumberger Ltd. stocks is 1.29%.

On Jan. 20, 2012 Schlumberger Limited reported full-year 2011 revenue of$39.54 billion versus $27.45 billion in 2010. Full-year 2011 income from continuing operations attributable to Schlumberger, excluding charges and credits, was $4.97 billion, representing diluted earnings-per-share of $3.66 versus $2.86 in 2010. Fourth-quarter 2011 revenue was $10.97 billion versus $10.23 billion in the third quarter of 2011, and $9.07 billion in the fourth quarter of 2010.

Director Andrew Gould sold 800,000 shares of SLB stock on 02/17/2012 at the average price of 78.16. Andrew Gould owns at least 2,063,639 shares after this. The price of the stock has decreased by 0.54% since.

International Business Machines (IBM): Chairman of the Board Samuel J. Palmisano sold 250,000 Shares

Chairman of the Board of International Business Machines (IBM) Samuel J. Palmisano sold 250,000 shares during the past week at an average price of $193.42.

IBM uses advanced information technology to provide customer solutions. International Business Machines has a market cap of $227.97 billion; its shares were traded at around $193.42 with a P/E ratio of 14.45 and P/S ratio of 2.13. The dividend yield of Intl Bus Mach stocks is 1.55%. International Business Machines had an annual average earnings growth of 25.2% over the past 10 years. GuruFocus rated Intl Bus Mach the business predictability rank of 3-star.

On Jan. 19, 2012, IBM announced fourth-quarter 2011 diluted earnings of $4.62 per share, compared with diluted earnings of $4.18 per share in the fourth quarter of 2010, an increase of 11 percent.

Senior Vice President John E Kelly III sold 5,100 shares of IBM stock on 02/13/2012 at the average price of $193.15. John E Kelly III owns at least 46,714 shares after this. The price of the stock has increased by 0.14% since.

BlackRock Inc. (BLK): Vice Chairman Susan Wagner sold 90,000 Shares

Vice Chairman of Blackrock Inc. (BLK) Susan Wagner sold 90,000 shares on 02/14/2012 at an average price of $196.19.

BlackRock Inc. is one of the largest investment management firms in the United States. BlackRock Inc. has a market cap of $26.5 billion; its shares were traded at around $196.19 with a P/E ratio of 16.56 and P/S ratio of 2.92. The dividend yield of BlackRock Inc. stocks is 2.8%. BlackRock Inc. had an annual average earnings growth of 24.9% over the past 10 years. GuruFocus rated BlackRock Inc. the business predictability rank of 4-star.

On Jan. 19, 2012 BlackRock Inc. reported full year diluted EPS of $12.37, up 17% from 2010. Fourth quarter 2011 net income of $555 million was down 7% from third quarter 2011 and 16% from a year ago.

COO Charles Hallac sold 37,500 shares of BLK stock on 02/03/2012 at the average price of $185.7. Charles Hallac owns at least 617,970 shares after this. The price of the stock has increased by 5.65% since.

Freeport-McMoRan-B (FCX): Chairman of the Board James R. Moffett sold 176,500 Shares

Chairman of the Board of Freeport-McMoRan-B (FCX) James R. Moffett sold 176,500 shares on 02/15/2012 at an average price of $43.04.

Freeport-McMoRan is engaged in mineral exploration and development, mining and milling of copper, gold, and silver in Indonesia, and the smelting and refining of copper concentrates in Spain and Indonesia. Freeport-McMoRan-b has a market cap of $40.8 billion; its shares were traded at around $43.04 with a P/E ratio of 8.91 and P/S ratio of 1.95. The dividend yield of Freeport-McMoRan-b stocks is 2.32%.

On Jan. 19, 2012 Freeport-McMoRan Copper & Gold Inc. reported fourth-quarter 2011 net income attributable to common stock of $640 million, $0.67 per share, compared with $1.5 billion, $1.63 per share, for fourth-quarter 2010. For the year 2011, FCX reported net income attributable to common stock of $4.6 billion, $4.78 per share, compared with $4.3 billion, $4.57 per share, for the year 2010.

Director Bobby Lee Lackey sold 15,000 shares of FCX stock on 02/09/2012 at the average price of $46.67. Bobby Lee Lackey owns at least 30,842 shares after this. The price of the stock has decreased by 7.78% 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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gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

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