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July's Top Canadian Insider Sells

Monica Wolfe

Monica Wolfe

120 followers
Over the past month there has been an increase in insider selling of companies sitting at 10-year high prices. The following companies have reported notable insider sells in the month of July.



Toronto-Dominion Bank (TSX:TD)

Toronto-Dominion Bank has seen increased insider selling as its price has hit a 10-year high. In the month of July, three insiders have made four significant insider sells.

Director William Clark made two different insider sells, selling a total of 173,807 shares. Clark sold these shares at an average price of $84.71 per share. These sells raked in a massive $14,662,622.30 for the director. Since his most recent sell on July 16, the price per share has increased approximately 2.95%. Despite his massive sells, Clark still holds on to 7,873 shares of Toronto-Dominion stock.

Colleen Johnston, the CFO of TD Bank Group and Group Head of Finance, Sourcing and Corporate Communications, sold a total of 34,696 shares of company stock. The CFO sold these shares at an average price of $84.04 per share. This brought in a total of $2,915,852 for Johnston. Since her sell, the share price has jumped 4.59%. Johnston now owns at least 4,000 shares of company stock.

Bob Dorrance, the Chairman, CEO and President of TD Securities, made the second largest sell of July, selling a total of 106,607 shares. Dorrance sold these shares at an average price of $84.07 per share; since this sell the price per share has dropped approximately 4.56%. Dorrance still holds on to a total of 3,025 shares of company stock.



Toronto-Dominion Bank has seen an increase in insider selling as the share price continues to exceed its 10-year high.

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (TD). TD is the sixth largest bank in North America by branches and serves approximately 22 million customers in four key businesses operating in a number of locations in key financial centers around the globe: Canadian Personal and Commercial Banking, Wealth and Insurance, U.S. Personal and Commercial Banking and Wholesale Banking.

Toronto-Dominion’s historical price, revenue and net income:

1374600123703.png

The Peter Lynch Chart on TD shows that the company appears to be undervalued:

1374600177314.png

The analysis on TD reports:

· The price is at a 10-year high.

· The P/S ratio is near a 5-year high of 3.72.

· TD has shown predictable revenue and earnings growth.

· The operating margin is expanding.

· The dividend yield is at a 3-year high.

· The P/E ratio is near a 3-year low of 11.39.

· The P/B ratio is near a 1-year low of 1.61.

TD Bank Group is set to release their second quarter financial statement on Aug. 29.

TD has a market cap of $80.83 billion. Its shares are currently being traded at around $87.90 with a P/E ratio of 12.42, a P/S ratio of 3.42 and a P/B ratio of 1.75. Over the past ten year, Toronto-Dominion had an annual average earnings growth of 6.4%. GuruFocus rated the company the business [/url]predictability rank of 2.5-star.

There are three gurus that hold TSX:TD. Click here to see their holding histories.

Tourmaline Oil Corp. (TSX:TOU)

Over the past month, two insiders have made significant sells of their holdings in Tourmaline Oil Corp. These sells come from Director Lee Baker and VP of Operations and COO Stanley Nowek.

Lee Baker sold a total of 3,000 shares at an average price of $43.70 per share on July 9. This brought in a total of $131,100 for the director. Since his sell, the price per share has dropped approximately 4.81%.

Stanley Nowek made the most noticeable sell on July 11 as he sold a total of 33,333 shares of company stock. He sold these shares at an average price of $44.04 per share. This raked in a significant $1,467,985 for the COO. Since his most recent sell the share price has dropped an additional 5.54%. Nowek still holds on to a total of 630,999 shares of company stock.



Tourmaline Oil is a Canadian intermediate crude oil and natural gas exploration and production company focused on long-term growth through an aggressive exploration, development production and acquisition program in the Western Canadian sedimentary basin.

Tourmaline’s historical price, revenue and net income:

1374601560066.png

The analysis on Tourmaline notes the following:

· The revenue has been in decline over the past three years.

· The company has issued $106.298 million of debt in the past three years.

· The share price is near a 3-year high of $44.65.

· The P/S ratio is near a 1-year high of 14.69.

Tourmaline Oil has a market cap of $7.82 billion. Its shares are currently being traded at around $41.60 with a P/E ratio of 107.53, a P/S ratio of 13.28 and a P/B ratio of 2.55.

The Leith Wheeler Canadian Equity Fund holds 1,249,900 shares of Tourmaline, representing 0.69% of the company’s shares outstanding and 2.65% of the fund’s total portfolio holdings.

Alimentation Couche-Tard (
TSX:ATD.A)

Over the past month, three insiders have made significant sells. These sells come as the share price of Alimentation has hit a 10-year high.

VP and CFO Raymond Pare sold 7,112 shares of his holdings in Couche-Tard; he sold these shares for $62.0253 per share. This brought in $441,124 for the CFO. Since his sell, the price per share has increased approximately 4.23%. Pare now holds a total of 19,888 shares of company stock.

VP of Operations Lou Valdes sold a total of 2,332 shares of Couche-Tard on July 11. He sold these shares for an average price of $61.78 per share for a total transaction amount of $144,071. Since his sell, the price per share has increased approximately 4.65%. Valdes currently owns a total of 668 shares of company stock.

Director Jean Elie sold 1,800 shares at an average price of $61.85 per share on July 23. This raked in a total of $111,330 for the director. Since his sell, the price per share has increased approximately 4.53%. As of his most recent sell, Eli holds on to 14,700 shares of company stock.



Alimentation Couche-Tard is a part of the convenient store industry. In the U.S., Couche-Tard is the largest independent convenience store operator in term of company-operated stores. As of April 28, Couche-Tard’s network comprises 6,094 convenience stores throughout North America, including 4,546 stores with road transportation fuel dispensing.

Couche-Tard’s historical price, revenue and net income:

1374606212260.png

The company released its fourth quarter and fiscal year 2013 results which reported that for fiscal 2013, diluted net earnings per share as adjusted for non-recurring items are $3.32 compared to $2.42 for fiscal 2012, an increase of 37.2%.

The Peter Lynch Chart shows that Couche-Tard appears to be overvalued:

1374606367279.png

Alimentation Couche-Tard has a market cap of $12.05 billion. Its shares are currently being traded at around $64.65 with a P/E ratio of 20.28, a P/S ratio of 0.33 and a P/B ratio of 3.57. The company had an annual average earnings growth of 18.2% over the past ten years.

There are currently no gurus with positions in TSX:ATD.A.

Canadian Western Bank ([/url]TSX:CWB)

Over the past month there have been four insiders making sells of their shares in Canadian Western Bank.

President and CEO of Canadian Western Bank and Trust Laurence Pollock sold 12,000 shares valued at $29.50 per share. This brought in a total of $354,000 for the director. Since his sell, the price per share is up 2.27%. Pollock still holds on to 405,393 shares of company stock.

Executive VP William Addington made two different sells on July 15 and 16. The VP sold a total of 2,000 shares at an average price of $29.42 per share. This transaction brought in $58,840 for the VP. Since his sells, the share price has increased approximately 2.52%. Addington now holds on to 17,257 shares of company stock.

Senior VP of Leadership and Succession Management Uve Knaak sold a total of 1,000 shares on July 16. These shares sold for a $29.52 per share, bringing in a total of $29,520 for the VP. Since his sell, the price per share has increased approximately 2.2%. Knaak now holds a total of 20,868 shares of CWB stock.



Canadian Western Bank is the largest publicly traded Canadian Bank headquartered in Western Canada. CWB and its affiliates, which are together known as Canadian Western Bank Group, offer a range of financial services such as banking, trust, insurance and wealth management.

Canadian Western Bank’s historical price, revenue and net income:

1374607927778.png

The Peter Lynch Chart shows that the company appears to be undervalued:

1374608017358.png

The analysis on Canadian Western Bank reports:

· The company’s price is near a 10-year high.

· CWB has issued $492.305 million of debt over the past three years.

· They have shown predictable revenue and earnings growth.

· The dividend yield is at a 3-year high.

Canadian Western Bank has a market cap of $2.38 billion. Its shares are currently being traded at around $30.17 with a P/E ratio of 13.26, a P/S ratio of 4.43 and a P/B ratio of 1.78. The company had an annual average earnings growth of 14.2% over the past ten years. GuruFocus rated Canadian Western Bank the
business predictability rank of 3-star.

CI Can Am Small Cap, Leith Wheeler Canadian Equity and Mawer New Canada Fund all maintain holdings in TSX:CWB.

You can view all Canadian insider trades here. If you haven’t tried GuruFocus’ International Premium Membership, try a free 7-day trial here.

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