Weekly CEO Sells Highlight: DIS, LMT, INCY, ADBE

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May 14, 2012
According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Walt Disney, Lockheed Martin, Incyte Corp and Adobe Systems

Walt Disney (DIS, Financial): Chairman and CEO Robert A Iger sold 1,798,831 Shares

Chairman and CEO of Disney Walt (DIS) Robert A Iger sold 1,798,831 shares on 05/10/2012 at an average price of $45.36. Walt Disney Company owns 100% of Disney Enterprises, Inc. Disney Walt has a market cap of $77.75 billion; its shares were traded at around $45.53 with a P/E ratio of 16.3 and P/S ratio of 1.9. The dividend yield of Disney Walt stocks is 1.4%. Disney Walt had an annual average earnings growth of 15% over the past 10 years. GuruFocus rated Disney Walt the business predictability rank of 4-star.

Walt Disney reported their 2012 second quarter results. The Company reported revenues of $9.6 billion and net income of $1.14 billion.

Chairman and CEO Robert A Iger sold 1,798,831 shares of DIS stock on 05/10/2012 at the average price of 45.36. Sr. Exec VP and CFO James A Rasulo sold 150,000 shares of DIS stock in February. Director John E Pepper bought 1,000 shares of DIS stock on 11/18/2011 at the average price of 35. EVP-Corporate & Treasurer Christine M Mccarthy, Sr EVP, General Counsel & Secy Alan N Braverman, EVP-Corp Strat, Bus Dev & Tech Kevin A Mayer and EVP and Chief HR Officer Mary Jayne Parker sold 224,078 shares of DIS stock in May.

Lockheed Martin (LMT, Financial): Chairman and CEO Robert J Stevens sold 450,000 Shares

Chairman and CEO of Lockheed Martin (LMT) Robert J Stevens sold 450,000 shares on 05/07/2012 at an average price of $87.42. Lockheed Martin Corp. is a global enterprise principally engaged in the research, design, development, manufacture and integration of advanced-technology systems, products and services. Lockheed Martin has a market cap of $29.81 billion; its shares were traded at around $85.25 with a P/E ratio of 10.6 and P/S ratio of 0.6. The dividend yield of Lockheed Martin stocks is 4.4%. Lockheed Martin had an annual average earnings growth of 13.5% over the past 10 years. GuruFocus rated Lockheed Martin the business predictability rank of 4-star.

Revenues were $ 46.5 billion and net income was $2.7 billion in Lockheed Martin’s 2011 annual report.

Chairman and CEO Robert J Stevens sold 450,000 shares of LMT stock on 05/07/2012 at the average price of 87.42. Executive Vice President Joanne M Maguire, Executive Vice President Linda R Gooden, and President & COO Christopher E Kubasik sold 144,000 shares of LMT stock oin December, February and May.

Incyte Corp (INCY, Financial): CEO Paul A Friedman sold 225,000 Shares

CEO of Incyte Corp (INCY) Paul A Friedman sold 225,000 shares on 05/07/2012 at an average price of $22.56. Incyte Corp is a drug discovery company that is using its expertise in genomics, medicinal chemistry and molecular, cellular and in vivo biology to discover and develop novel therapeutics. Incyte Corp has a market cap of $2.79 billion; its shares were traded at around $23.34 with and P/S ratio of 29.6.

Incyte Corp. announced revenues of $36.2 million and net loss of $45.4 million for their 2012 first quarter financial results.

CEO Paul A Friedman sold 225,000 shares of INCY stock on 05/07/2012 at the average price of 22.56. Director Paul A Brooke bought 50,000 shares of INCY stock on 01/19/2012 at the average price of 17.7.

Adobe Systems (ADBE, Financial): President and CEO Shantanu Narayen sold 200,000 Shares

President and CEO of Adobe Systems (ADBE) Shantanu Narayen sold 200,000 shares on 05/07/2012 at an average price of $33.88. Adobe Systems Incorporated is a provider of graphic design, publishing, and imaging software for Web and print production. Adobe Systems has a market cap of $16.43 billion; its shares were traded at around $32.21 with a P/E ratio of 18.7 and P/S ratio of 3.9.

Adobe Systems reported their 2012 first quarter financial results. The Company reported net income of $185.2 million and revenues of $1.045 billion.

President and CEO Shantanu Narayen sold 290,000 shares of ADBE stock in January and May. Co-Chairman of the Board John E Warnock, SVP, Digital Media BU David Wadhwani, SVP WW Field Operations Matthew Thompson, and SVP, Gen. Counsel & Secretary Karen O Cottle sold 252,485 shares of ADBE stock in March and April.

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