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Weekly CFO Sells Highlight: AXP, CRAY, PLX, KMB, ITW, CATM, CAR

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According to GuruFocus Insider Data, the largest CFO sells during the past week were: American Express Co., Cray Inc., Protalix Biothr, Kimberly Clark, Ill Tool Works, Cardtronicks Inc. and Avis Budget Group.

American Express Co. (NYSE:AXP): Executive Vice President and CFO Daniel T. Henry Sold 250,125 Shares

Executive Vice President and CFO of American Express Co (NYSE:AXP) Daniel T. Henry sold 250,125 shares on 05/02/2012 at an average price of $60.62. American Express Company is primarily engaged in the business of providing travel related services, financial advisory services and international banking services throughout the world. American Express Co. has a market cap of $69.62 billion; its shares were traded at around $60.1 with a P/E ratio of 14.2 and P/S ratio of 2.4. The dividend yield of Amer Express Co. stocks is 1.3%.

American Express Company recently reported first quarter 2012 net income of $1.3 billion ($1.07 per diluted share) – up from the $1.2 billion ($0.97 per share) reported in the first quarter of 2011. Consolidated total revenues rose 8% to $7.6 billion, and effective tax rate was down to 29% from 32% in prior year quarter.

Executive Vice President and CFO Daniel T. Henry sold 250,125 shares of AXP stock on 05/02/2012 at the average price of $60.62. Daniel T. Henry owns at least 62,496 shares after this. The price of the stock has decreased by 0.86% since. Vice Chairman Edward P. Gilligan and Pres. Global Merchant Services Anre D. Williams both also sold shares of AXP stock.

Cray Inc. (NASDAQ:CRAY): Executive Vice President and CFO Brian C. Henry Sold 234,461 Shares

Executive Executive Vice President Brian C. Henry sold 234,461 shares of CRAY stock on 05/03/2012 at the average price of $11.18. Brian C. Henry owns at least 470,985 shares after this. The price of the stock has decreased by 2.06% since.

Cray Inc., formerly Tera Computer Company, designs, builds and sells high-performance vector processor and general-purpose parallel computer systems. Cray Inc. has a market cap of $327.3 million; its shares were traded at around $10.95 with a P/E ratio of 15.4 and P/S ratio of 1.4. Cray Inc. had an annual average earnings growth of 6.3% over the past five years.

Cray Inc. reported first quarter 2012 revenues of $112.3 million compared to $39.9 million in the prior year quarter. Net income for the quarter was $5.0 million ($0.13 per diluted share), as compared to a net loss of $1.5 million ($0.04) last year. Total gross profit margin for this quarter was 40% compared to 43 prior year quarter.

Protalix Biothr (PLX): Vice President and CFO Yossi Maimon Sold 125,964 Shares

Vice President and CFO of Protalix Biothr (PLX) Yossi Maimon sold 125,964 shares on 05/02/2012 at an average price of $7.13. Orthodontix Inc. is engaged in the provision of practice management services to the Affiliated Practices pursuant to long-term Administrative Services Agreements with separately organized affiliated professional associations. Protalix Biothr has a market cap of $640.7 million; its shares were traded at around $6.87 with and P/S ratio of 216.5.

President and CEO David Aviezer sold 450,000 shares of PLX stock on 05/02/2012 at the average price of $7.13. Vice President and CFO Yossi Maimon sold 125,964 shares of PLX stock on 05/02/2012 at the average price of $7.13. The price of the stock has decreased by 3.65% since. Other insiders have sold shares of PLX stock as well.

Kimberly Clark (NYSE:KMB): Senior Vice President and CFO Mark A. Buthman Sold 97,360 Shares

Senior Vice President and CFO of Kimberly Clark (NYSE:KMB) Mark A. Buthman sold 97,360 shares on 05/01/2012 at an average price of $78.55. Kimberly-Clark Corporation is one of the consumer products companies. Kimberly Clark has a market cap of $31.09 billion; its shares were traded at around $78.29 with a P/E ratio of 15.9 and P/S ratio of 1.5. The dividend yield of Kimberly Clark stocks is 3.7%. Kimberly Clark had an annual average earnings growth of 5.4% over the past 10 years.

Kimberly Clark has released its first quarter 2012 results. The company saw first quarter net sales of $5.2 billion, an increase of 4% over prior year quarter. Diluted EPS was $1.18 compared to $0.86 prior year quarter. Cash flow from operations totaled $585 million compared to $250 in the year ago quarter.

Senior Vice President and CFO Mark A. Buthman sold 97,360 shares of KMB stock on 05/01/2012 at the average price of $78.55. Mark A. Buthman owns at least 96,742 shares after this. The price of the stock has decreased by 0.33% since. President, K-C Healthcare Joanne B. Bauer also sold shares of KMB stock.

Ill Tool Works (NYSE:ITW): Senior Vice President and CFO Ronald D. Kropp Sold 69,933 Shares

Senior Vice President and CFO Ronald D. Kropp sold 69,933 shares of ITW stock on 04/27/2012 at the average price of $57.4. Ronald D. Kropp owns at least 10,046 shares after this. The price of the stock has decreased by 1.72% since.

Illinois Tool Works Inc. manufactures and markets a variety of products and systems that provide specific, problem-solving solutions for a diverse customer base worldwide. Illinois Tool Works has a market cap of $27.74 billion; its shares were traded at around $56.41 with a P/E ratio of 15 and P/S ratio of 1.6. The dividend yield of Illinois Tool Works stocks is 2.5%. Illinois Tool Works had an annual average earnings growth of 8.9% over the past 10 years. GuruFocus rated Illinois Tool Works the business predictability rank of 3-star.

Illinois Tool Works reported a first quarter 2012 drop in net income from $623 million ($1.24 per share) prior year, to $428 million ($1) this quarter; reflecting a 3% increase in outstanding shares. Income from continuing operations was $0.97 per share, compared to $0.88 per share prior year quarter. Revenue for the company increased 7% to $4.55 billion.

Cardtronics Inc. (NASDAQ:CATM): CFO J. Chris Brewster Sold 68,164 Shares

CFO of Cardtronics Inc. (NASDAQ:CATM) J. Chris Brewster sold 68,164 shares on 05/01/2012 at an average price of $28.22. Headquartered in Houston, Texas, Cardtronics is the world's largest owner/operator of ATMs with approximately 31,600 ATMs including approximately 2,000 ATMs in the U.S. Cardtronics Inc. has a market cap of $1.16 billion; its shares were traded at around $28.9 with a P/E ratio of 22.1 and P/S ratio of 1.9. Cardtronics Inc had an annual average earnings growth of 23.2% over the past five years.

Cardtronics Inc. recently announced first quarter 2012 consolidated revenues of $191 million, up by 38% from the same quarter last year. Adjusted EPS was $0.38, compared to $0.27 last year, and adjusted EBITDA was $44.5 million – compared to $33.5 million last year.

CFO J. Chris Brewster sold 68,164 shares of CATM stock on 05/01/2012 at the average price of $28.22. J. Chris Brewster owns at least 174,334 shares after this. The price of the stock has increased by 2.41% since. Managing Director Bank Machine Ronald Delnevo and President U.S. Business Group Rick Updyke also sold shares of CATM stock.

Avis Budget Group (NASDAQ:CAR): Senior Executive Vice President and CFO David B. Wyshner Sold 60,000 Shares

Senior Executive Vice President and CFO of Avis Budget Grp (NASDAQ:CAR) David B. Wyshner sold 60,000 shares on 05/02/2012 at an average price of $16.03. Avis Budget Group Inc. is a provider of vehicle rental services, with operations in more than seventy countries. Avis Budget Group has a market cap of $1.36 billion; its shares were traded at around $15.9 with a P/E ratio of 8 and P/S ratio of 0.2.

Senior Executive Vice President and CFO David B. Wyshner sold 60,000 shares of CAR stock on 05/02/2012 at the average price of $16.03. David B. Wyshner owns at least 98,416 shares after this. The price of the stock has decreased by 0.81% since. Executive Vice President and Chief Admin Officer Mark J. Servodidio sold 25,000 shares of CAR stock on 05/01/2012 at the average price of $14.62.

For the complete list of stocks that Sold by their CFOs, 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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