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Weekly CFO Sells Highlight: KEY, DIS, FSL, MHO, SYY

May 20, 2013 | About:
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According to GuruFocus Insider Data, the largest CFO sells during the past week were: KeyCorp, Walt Disney Co., Freescale Semiconductor Ltd., M/I Homes Inc. and Sysco Corporation.

KeyCorp (KEY): CFO Jeffrey B. Weeden Sold 276,000 Shares

CFO Jeffrey B. Weeden sold 276,000 shares of KEY stock on 05/13/2013 at the average price of $10.38. Jeffrey B. Weeden owns at least 427,064 shares after this. The price of the stock has increased by 4.05% since.

KeyCorp has a market cap of $9.73 billion; its shares were traded around $10.80 with a P/E ratio of 11.89 and P/S ratio of 2.39. The dividend yield of KeyCorp stocks is 1.85%.

KeyCorp has released its first quarter 2013 results. The company announced income from continuing operations of $196 million ($0.21 per share), compared to $190 million ($0.20 per share) for the same quarter of 2012. Net interest income increased 5.4% to $583 million, with average total loans up 6.5% to $52.6 billion.

Walt Disney Co. (DIS): Senior Executive Vice President and CFO James A. Rasulo Sold 217,264 Shares

Senior Executive Vice President and CFO James A. Rasulo sold 217,264 shares of DIS stock on 05/15/2013 at the average price of $67.38. James A. Rasulo owns at least 143,728 shares after this. The price of the stock has decreased by 1.19% since.

Walt Disney Company is a worldwide entertainment company with operations in five business segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive Media. Walt Disney Co has a market cap of $119.71 billion; its shares were traded at around $66.58 with a P/E ratio of 20.24 and P/S ratio of 2.76. The dividend yield of Walt Disney Co stocks is 1.13%. Walt Disney Co had an annual average earnings growth of 9.8% over the past 10 years. GuruFocus rated Walt Disney Co the business predictability rank of 4-star.

Walt Disney Co recently released its second quarter 2013 results ended March 30, 2013. Diluted EPS increased 32% from last year to $0.83, with adjusted EPS up 36% to $0.79. Revenues were $10.5 billion compared to $9.6 billion prior year quarter. Free cash flow increased to $1.5 billion from $335 million last year.

Executive Vice President and Chief HR Officer Mary Jayne Parker sold 19,206 shares of DIS stock on 05/15/2013 at the average price of $67.5. Senior Executive Vice President Alan N. Braverman sold 269,938 shares of DIS stock on 05/09/2013 at the average price of $65.88.

Freescale Semiconductor Ltd. (FSL): Senior Vice President and CFO Alan Campbell Sold 177,180 Shares

Senior Vice President and CFO Alan Campbell sold 177,180 shares of FSL stock on 05/13/2013 at the average price of $15.77. Alan Campbell owns at least 174,639 shares after this. The price of the stock has increased by 4.95% since.

Freescale Semiconductor Holdings Ltd. processes semiconductors and solutions for automotive, networking, industrial and consumer markets worldwide. Freescale Semiconductor Ltd. has a market cap of $4.23 billion; its shares were traded around $16.55 with a P/S ratio of 1.05.

Freescale Semiconductor reported first quarter 2013 net sales of $981 million, compared to $950 million in the first quarter of 2012. Income from operations increased to $104 million from $56 million prior year quarter, and net loss was $48 million ($0.19 per share) compared to a loss of $35 million ($0.14 per share) last year.

Senior Vice President and General Manager Digital Networking Thomas Deitrich sold 92,468 shares of FSL stock on 05/15/2013 at the average price of $16.25.

M/I Homes Inc. (MHO): Exutive Vice President and CFO Phillip G. Creek Sold 98,314 Shares

Exutive Vice President and CFO Phillip G. Creek sold 98,314 shares of MHO stock on 05/13/2013 at the average price of $26.24. Phillip G. Creek owns at least 9,010 shares after this. The price of the stock has increased by 3.24% since.

M/I Homes Inc. was incorporated, through predecessor entities, in 1973 and commenced homebuilding activities in 1976. M/I Homes Inc. has a market cap of $627.05 million; its shares were traded at around $27.09 with a P/E ratio of 29.85 and P/S ratio of 0.69.

M/I Homes Inc. reported first quarter 2013 net income attributable to shareholders of $2.4 million ($0.11 per share), compared to a net loss of $3.2 million ($0.17 per share) prior year quarter. New contracts for the first quarter of 2013 increased 37% year over year, with homes delivered increasing 24%.

Chairman, CEO and President Robert H. Schottenstein and Director Norman L. Traeger both also recently sold shares of MHO stock.

Sysco Corporation (SYY): Executive Vice President and CFO Robert C. Kreidler Sold 80,697 Shares

Executive Vice President and CFO Robert C. Kreidler sold 80,697 shares of SYY stock on 05/15/2013 at the average price of $35.04. Robert C. Kreidler owns at least 101,999 shares after this. The price of the stock has increased by 0.29% since.

Sysco Corporation has a market cap of $20.71 billion; its shares were traded at around $35.14 with a P/E ratio of 20.37 and P/S ratio of 0.47. The dividend yield of Sysco Corporation stocks is 3.13%. Sysco Corporation had an annual average earnings growth of 4.5% over the past 10 years. GuruFocus rated Sysco Corporation the business predictability rank of 2.5-star.

Sysco Corporation has released its third quarter 2013 results ended March 30, 2013. Third quarter sales were $10.9 billion, an increase of 4% from last year’s $10.5 billion. Operating income decreased 23.2% to $337 million, with diluted EPS down 22.7% to $0.34.

Executive Vice President Merchandising and Supply Chain Management William B. Day and Executive Vice President Business Transformation James D. Hope both also sold shares of SYY stock over the past week.

For the complete list of stocks that were 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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