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Weekly CEO Sells Highlight: Starbucks Corporation, Applied Materials Inc, PhotoMedex Inc, Gap Inc.

March 10, 2013 | About:
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According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Starbucks Corporation, Applied Materials Inc, PhotoMedex Inc, and Gap Inc.

Starbucks Corporation (SBUX): Chairman, President and CEO Howard D. Schultz sold 1,000,000 Shares

Chairman, President and CEO of Starbucks Corporation (SBUX) Howard D. Schultz sold 1,000,000 shares on March 6, 2013 at an average price of $57.13. Starbucks Corporation was formed in 1985. The Company purchases and roasts high-quality whole bean coffees and sells them, along with fresh, rich-brewed coffees, Italian-style espresso beverages, cold blended beverages, complementary food items, a selection of teas, and beverage-related accessories and equipment, through its company-operated retail stores. Starbucks Corporation has a market cap of $43.96 billion; its shares were traded at around $58.67 with a P/E ratio of 31.5457 and P/S ratio of 3.3113. The dividend yield of Starbucks Corporation stocks is 1.3%. Starbucks Corporation had an annual average earnings growth of 13.8% over the past 10 years. GuruFocus rated Starbucks Corporation the business predictability rank of 3-star.

Starbucks Corporation reported their 2013 first quarter fiscal results. The Company reported total net revenues of $3.8 billion and net income per diluted common share of $0.57.

Chairman, president and CEO Howard D Schultz sold 3,004,947 shares of SBUX stock in December 2012 and March 2013. CFO and CAO Troy Alstead sold 118,570 shares of SBUX on December 12, 2012 at the average price of 53.55. Director Craig Weatherup, Director Myron E Ullman III, EVPp, General Counsel, Secretary Lucy Lee Helm, Director Mellody L Hobson, and President, Starbucks Coffee EMEA Michelle Gass sold 201,845 shares of SBUX in January, February and March 2013.

Applied Materials, Inc. (AMAT): Chairman and CEO Michael R. Splinter sold 590,000 Shares

Chairman and CEO of Applied Materials, Inc.(AMAT) Michael R. Splinter sold 590,000 shares on February 28, 2013 at an average price of $13.78. Applied Materials, Inc. was incorporated in 1967. The Company is a Delaware corporation, providing manufacturing equipment, services and software to the global semiconductor, flat panel display, solar photovoltaic and related industries. Applied Materials, Inc. has a market cap of $16.25 billion; its shares were traded at around $13.58 with a P/E ratio of 666.667 and P/S ratio of 2.0929. The dividend yield of Applied Materials, Inc. stocks is 2.69%.

Applied Materials Inc. reported their 2012 first quarter results with net sales of $1.57 billion and net income(loss) of $34 million.

Chairman and CEO Michael R Splinter sold 590,000 shares of AMAT on February 28, 2013 at the average price of 13.78. Director Robert Holmes Swan bought 8,890 shares of AMAT on October 5, 2012 at the average price of 11.22. GVP, Chief Information Officer Jay Kerley, Corporate VP, Corporate Controller and CAO Thomas S Timko, and Group VP, CTO Omkaram Nalamasu sold 30,303 shares of AMAT in March and February 2013.

PhotoMedex, Inc. (PHMD): CEO and 10% Owner Dolev Rafaeli sold 557,539 Shares

CEO and 10% owner of PhotoMedex, Inc. (PHMD) Dolev Rafaeli sold 557,539 shares on March 5, 2013 at an average price of $15.09. PhotoMedex, Inc. is a Nevada corporation incorporated in 2010. Photomedex, Inc. has a market cap of $316.59 million; its shares were traded at around $14.74 with a P/E ratio of 19.9203 and P/S ratio of 1.3928.

PhotoMedex Inc. reported their 2012 third quarter results. The Company reported net income of $7.5 million and net sales of $56.7 million.

CEO and 10% Owner Dolev Rafaeli sold 808,306 shares of PHMD stock in October 2012, and January, February, and March 2013. President and CFO Dennis M Mcgrath sold 116,427 shares of PHMD stock in October and December of 2012, and in January 2013.

Gap, Inc. (GPS): Chairman and CEO Glenn Murphy sold 500,000 Shares

Chairman and CEO of Gap, Inc. (GPS) Glenn Murphy sold 500,000 shares on March, 8 2013 at an average price of $35.5. Gap, Inc. was incorporated in the State of California in July 1969 and was reincorporated under the laws of the State of Delaware in May 1988. Gap, Inc. has a market cap of $17.37 billion; its shares were traded at around $36.23 with a P/E ratio of 17.762 and P/S ratio of 1.1696. The dividend yield of Gap, Inc. stocks is 1.38%. Gap, Inc. had an annual average earnings growth of 5.9% over the past 10 years. GuruFocus rated Gap, Inc. the business predictability rank of 3.5-star.

Revenues were $15.7 billion and net income was $1.1 million for Gap’s 2012 fiscal full year results.

Chairman and CEO Glenn Murphy sold 500,000 shares of GPS stock on March 8, 2013 at the average price of 35.5. Director Adrian D P Bellamy, Director Sole Domenico De, EVP & General Counsel Michelle Banks, and President, Gap North America Arthur L Peck sold 317,500 shares of GPS stock from November to December 2012.

For the complete list of stocks that 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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