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Weekly CEO Sells Highlight: Northeast Utilities, Prime Estates & Developments Inc, Mosaic Capital Corp, Wesco International Inc

October 29, 2012 | About:
guruat

guruat

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According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Northeast Utilities, Prime Estates & Developments Inc., Mosaic Capital Corp. and Wesco International Inc.

Northeast Utilities (NU): President, CEO and Trustee Thomas J. May Sold 1,049,600 Shares

President, CEO and Trustee of Northeast Utilities (NU) Thomas J. May sold 1,049,600 shares during the past week at an average price of $39.55. Northeast Utilities is the parent company of the Northeast Utilities system. Northeast Utilities has a market cap of $12.23 billion; its shares were traded at around $38.95 with a P/E ratio of 17.24 and P/S ratio of 2.74. The dividend yield of Northeast Utilities stocks is 3.52%. Northeast Utilities had an annual average earnings growth of 8.5% over the past five years.

Northeast Utilities reported net earnings of $44.3 million for their 2012 second quarter results.

President, CEO and Trustee Thomas J. May sold 1,049,600 shares of NU stock on 10/18/2012. Executive Vice President and CFO James J. Judge sold 179,744 shares of NU stock on 10/17/2012 at the average price of $39.5. Executive Vice President and Chief Administrative Officer David R. Mchale, Vice President, Controller, Chief Accounting Officer Jay S. Buth and Senior Vice President Corporate Relations Joseph R. Nolan Jr. sold 33,086 shares of NU stock in May and August.

Prime Estates & Developments Inc. (PMLT): CEO, 10% Owner Panagiotis Drakopoulos Sold 350,000 Shares

CEO, 10% Owner of Prime Estates & Developments Inc. (PMLT) Panagiotis Drakopoulos sold 350,000 shares on 10/25/2012 at an average price of $0.04.

CEO Panagiotis Drakopoulos sold 543,500 shares of PMLT stock in October. CFO, 10% Owner Vasileios Mavrogiannis sold 543,500 shares of PMLT stock in October.

Mosaic Capital Corp (M): Chairman, CEO and President Terry J. Lundgren Sold 215,247 Shares

Chairman, CEO and President of Mosaic Capital Corp. (M) Terry J. Lundgren sold 215,247 shares on 10/18/2012 at an average price of $41.01. Federated Department Stores, through its subsidiaries, is one of the operators of full-line department stores in the U.S. Mosaic Capital Corp. has a market cap of $15.49 billion; its shares were traded at around $38.48 with a P/E ratio of 12.33 and P/S ratio of 0.59. The dividend yield of Mosaic Capital Corp. stocks is 2.08%. Mosaic Capital Corp. had an annual average earnings growth of 1.6% over the past 10 years. GuruFocus rated Mosaic Capital Corp. the business predictability rank of 2-star.

Mosaic Capital Corp reported their 2012 second quarter financial results. The company reported revenues of $15.3 million.

Chairman, CEO and President Terry J. Lundgren sold 215,247 shares of M stock on 10/18/2012 at the average price of $41.01. CFO Karen M. Hoguet sold 25,000 shares of M stock on 08/28/2012 at the average price of $40. Chief Stores Officer Peter R. Sachse, Director Marna C. Whittington¸ Chief Private Brand Officer Tim M. Adams and Executive Vice President David Wm Clark sold 98,000 shares of M stock from July to October.

Wesco International Inc. (WCC): Chairman, President and CEO John Engel Sold 150,000 Shares

Chairman, President and CEO of Wesco International Inc. (WCC) John Engel sold 150,000 shares on 10/26/2012 at an average price of $62.72. Wesco International Inc. is a provider of electrical products and other industrial MRO supplies and services in North America. Wesco International Inc. has a market cap of $2.76 billion; its shares were traded at around $63.2 with a P/E ratio of 14.01 and P/S ratio of 0.45. Wesco International Inc. had an annual average earnings growth of 12.1% over the past 10 years.

Wesco International Inc. reported their net sales of $1.7 billion and net income of $63.4 million.

Chairman, President and CEO John Engel sold 150,000 shares of WCC stock on 10/26/2012 at the average price of $62.72. Vice President Investor Relations and Corporate Affairs Daniel A. Brailer sold 5,226 shares of WCC stock on 10/25/2012 at the average price of $62.58.

For the complete list of stocks that were bought by their CEOs, 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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guruat
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