Weekly CFO Sells Highlight: FII, SLXP, CCK, VCI, WDC, STMP

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Dec 31, 2012
According to GuruFocus Insider Data, the largest CFO sells during the past week were: Federated Investors Inc., Salix Pharmaceuticals Ltd., Crown Holdings Inc., Valassis Communications Inc., Western Digital Corporation and Stamps.com Inc.

Federated Investors Inc. (FII, Financial): Vice President, CFO and Treasurer Thomas R. Donahue Sold 240,000 Shares

Vice President, CFO and Treasurer Thomas R. Donahue sold 240,000 shares of FII stock on 12/21/2012 at the average price of $20.29. Thomas R. Donahue owns at least 2,313,501 shares after this. The price of the stock has decreased by 2.02% since.

Federated Investors Inc., a Pennsylvania corporation, is a provider of investment management and related financial services. Federated Investors Inc. has a market cap of $2.06 billion; its shares were traded at around $19.88 with a P/E ratio of 12.8 and P/S ratio of 2.4. The dividend yield of Federated Investors Inc. stocks is 4.7%.

Federated Investors Inc. has released its results for the third quarter of 2012. For this quarter, the company reported EPS of $0.54, as compared to $0.37 in the same quarter last year. Net income was $55.8 million compared to $38.3 million prior year quarter, and the company’s total managed assets went up 4% over last year to $364.1 billion.

Salix Pharmaceuticals Ltd. (SLXP, Financial): Executive Vice President Finance and CFO Adam C. Derbyshire Sold 60,000 Shares

Executive Vice President Finance and CFO Adam C. Derbyshire sold 60,000 shares of SLXP stock on 12/26/2012 at the average price of $41.44. Adam C. Derbyshire owns at least 176,601 shares after this. The price of the stock has decreased by 3.79% since.

Salix Pharmaceuticals Ltd. incorporated in the state of Delaware. Salix Pharmaceuticals Ltd. has a market cap of $2.34 billion; its shares were traded at around $39.87 with a P/E ratio of 11.8 and P/S ratio of 4.6.

For its third quarter of 2012, Salix Pharmaceuticals Ltd. saw total product revenue of $185.1 million – a 27% increase over the third quarter of 2011. GAAP net income was reported at $16.5 million ($0.26 per share), compared to $34.3 million ($0.58 per share) in the prior year quarter.

President and CEO Carolyn J. Logan and Director John F. Chappell both also sold shares of SLXP stock over the past week.

Crown Holdings Inc (CCK, Financial): Executive Vice President and CFO Timothy J. Donahue Sold 39,407 Shares

Executive Vice President and CFO Timothy J. Donahue sold 39,407 shares of CCK stock on 12/21/2012 at the average price of $37.58. Timothy J. Donahue owns at least 193,850 shares after this. The price of the stock has decreased by 2.58% since.

Crown Holdings Inc. designs, manufactures and sells packaging products for consumer goods. Crown Holdings Inc. has a market cap of $5.27 billion; its shares were traded at around $36.61 with a P/E ratio of 13.5 and P/S ratio of 0.6. Crown Holdings Inc. had an annual average earnings growth of 1.9% over the past 10 years.

Crown Holdings Inc. reported third quarter 2012 net sales of $2.3 billion and net income of $325 million, compared to last year’s $2.4 billion and $129 million respectively. EPS rose to $2.20 compared to prior year quarter’s $0.84.

Chairman, President and CEO John W. Conway sold 256,704 shares of CCK stock on 12/11/2012 at the average price of $37.57.

Valassis Communications Inc (VCI, Financial): Executive Vice President and CFO Robert L. Recchia Sold 34,600 Shares

Executive Vice President and CFO Robert L. Recchia sold 34,600 shares of VCI stock on 12/27/2012 at the average price of $25.67. Robert L. Recchia owns at least 130,069 shares after this. The price of the stock has decreased by 1.17% since.

Valassis Communications Inc. is a Delaware Corporation. Valassis Communications Inc. has a market cap of $993.106 million; its shares were traded at around $25.37 with a P/E ratio of 8.3 and P/S ratio of 0.5.

For its third quarter of 2012, Valassis Communications Inc. reported revenues of $523.8 million, compared to $528.4 million in 2011. Third quarter net earnings increased to $36.7 million from $27.5 million prior year quarter, and diluted EPS increased to $0.90 from $0.58 last year.

Multiple other insiders also sold shares of VCI stock over the past week.

Western Digital Corporation (WDC, Financial): Executive Vice President and CFO Wolfgang U. Nickl Sold 31,761 Shares

Executive Vice President and CFO Wolfgang U. Nickl sold 31,761 shares of WDC stock on 12/21/2012 at the average price of $41.85. Wolfgang U. Nickl owns at least 60,248 shares after this. The price of the stock has decreased by 0.22% since.

Western Digital Corporation was founded in 1970. The Company is a Delaware Corporation. Western Digital Corporation has a market cap of $10.1 billion; its shares were traded at around $41.76 with a P/E ratio of 4.2 and P/S ratio of 0.7. The dividend yield of Western Digital Corporation stocks is 2.7%. Western Digital Corporation had an annual average earnings growth of 41.9% over the past 10 years. GuruFocus rated Western Digital Corporation the business predictability rank of 3.5-star.

Western Digital Corporation recently reported first quarter 2013 revenue of $4.0 billion, GAAP net income of $519 million ($2.06 per diluted share), and ending cash and cash equivalents of $3.5 billion. During this quarter, the company also bought back 5.2 million shares of stock for $218 million and declared a $0.25 dividend.

CEO John F Coyne sold 108,500 shares of WDC stock on 12/19/2012 at the average price of $40.97. Multiple other insiders also recently sold shares of WDC stock.

Stamps.com Inc. (STMP, Financial): CFO and Co-President Kyle Huebner Sold 30,000 Shares

CFO and Co-President Kyle Huebner sold 30,000 shares of STMP stock on 12/20/2012 at the average price of $26.13. Kyle Huebner owns at least 1,424 shares after this. The price of the stock has decreased by 2.89% since.

Stamps.com was founded in September 1996 and it was incorporated in Delaware in January 1998 as StampMaster Inc. Stamps.com Inc. has a market cap of $390.46 million; its shares were traded at around $25.375 with a P/E ratio of 13.6 and P/S ratio of 3.9. Stamps.com Inc. had an annual average earnings growth of 0.2% over the past five years.

Stamps.com Inc. has released its third quarter 2012 results. GAAP net income was $7.0 million ($0.42 per share). Core PC Postage revenue was up 20% from prior year quarter to $27.2 million.

Chairman and CEO Kenneth Thomas McBride sold 25,000 shares of STMP stock on 12/21/2012 at the average price of $25.9.

For the complete list of stocks that were sold by their CFOs, go to: Insider Buys.