Microsoft Corporation (MSFT): Director William H. Gates III Sold 10,000,000 Shares
Director of Microsoft Corporation (MSFT) William H. Gates III sold 10,000,000 shares on 09/09/2013 at an average price of $33.03.
Microsoft Corporation has a market cap of $275.14 billion; its shares were traded at around $33.03 with a P/E ratio of 12.80 and P/S ratio of 3.59. The dividend yield of Microsoft Corporation stocks is 2.79%. Microsoft Corporation had an annual average earnings growth of 14.3% over the past 10 years. GuruFocus rated Microsoft Corporation the business predictability rank of 3.5-star.
On July 18, 2013 Microsoft Corp. announced quarterly revenue of $19.90 billion for the quarter ended June 30, 2013. Operating income, net income and diluted earnings per share for the quarter were $6.07 billion, $4.97 billion, and $0.59 per share. These financial results include a $900 million charge, or a $0.07 per share impact, related to Surface RT inventory adjustments.
Director William H Gates III sold 5,000,000 shares of MSFT stock on 09/04/2013 at the average price of $31.25. William H. Gates III owns at least 392,989,165 shares after this. The price of the stock has increased by 5.7% since.
Fleetcor Technologies Inc. (FLT): Director John R. Carroll Sold 2,000,000 Shares
Director of Fleetcor Technologies Inc. (FLT) John R. Carroll sold 2,000,000 shares on 09/10/2013 at an average price of $107.16.
Fleetcor Technologies Inc. has a market cap of $8.78 billion; its shares were traded at around $107.16 with a P/E ratio of 35.46 and P/S ratio of 10.99.
On Aug. 1, 2013, FleetCor Technologies Inc. reported financial results for its second quarter ended June 30, 2013. Total revenues increased 29% to $220.9 million compared to $171.8 million last year. Net income increased 34% to $73.1 million compared to $54.4 million last year. Net income per diluted share increased 36% to $0.87 compared to $0.63 last year
Manager of GP of 10% owner Bruce R. Evans sold 2,000,000 shares of FLT stock on 09/10/2013 at the average price of $104.86. Bruce R. Evans owns at least 4,132,156 shares after this. The price of the stock has increased by 2.19% since.
For the complete list of stocks that were bought/sold by their company executives, go to: Insider Buys.
About the author:
My name is Ben C. and I am 2nd year MBA candidate at the Anderson School of Business at the University of California- Los Angeles. I have a BS in Economics from the Wharton School of Business at the University of Pennsylvania. Before coming to Anderson I worked as a generalist equity research analyst for Right Wall Capital, a long-short equity hedge fund located in New York City. Prior to working at Right Wall I worked as an analyst at Blue Ram Capital, another long-short equity hedge fund located in Rye Brook, NY. This past summer, I worked for West Coast Asset Management as a research analyst. West Coast, which was co-founded by Kinko’s founder Paul Orfalea, is run by well-known value investors Lance Helfert and Atticus Lowe.