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Weekly CFO Sells Highlight: LO, TXN, NSC, INFA, HOT

November 03, 2013 | About:
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According to GuruFocus Insider Data, the largest CFO sells during the past week were: Lorillard Inc, Texas Instruments Inc, Norfolk Southern Corporation, Informatica Corporation, and Starwood Hotels & Resorts Worldwide Inc.

Lorillard (LO): Executive VP and CFO David Taylor Sold 250,069 Shares

Executive VP and CFO David Taylor sold 250,069 shares of LO stock on Oct. 25 at the average price of $49.44. David H. Taylor owns at least 97,296 shares after this. The price of the stock has increased by 3.94% since.

Lorillard has a market cap of $18.93 billion; its shares were traded at around $51.39 with a P/E ratio of 16.20 and P/S ratio of 2.81. The dividend yield of Lorillard stocks is 4.22%. Lorillard had an annual average earnings growth of 16.10% over the past 5 years.

Lorillard has recently released its third quarter 2013 results. The company reported third quarter net sales increase of 10% over the prior year quarter, and an increase in non-GAAP operating income of 12.5% to $541 million. GAAP EPS decreased 4.2% over last year to $0.69.

Executive Vice President Randy Spell sold 116,395 shares of LO stock on Oct. 28 at the average price of $50.32. Vice President and Treasurer Houghton Lewis sold 18,527 shares of LO stock on Oct. 25 at the average price of $49.49.

Texas Instruments (TXN): Sr. Vice President & CFO Kevin March Sold 180,000 Shares

Sr. Vice President & CFO Kevin P March sold 180,000 shares of TXN stock on Oct. 25 at the average price of $40.03. Kevin March owns at least 344,777 shares after this. The price of the stock has increased by 5% since.

Texas Instruments has a market cap of $46.28 billion; its shares were traded at around $42.03 with a P/E ratio of 21.70 and P/S ratio of 3.86. The dividend yield of Texas Instruments stocks is 2.55%. Texas Instruments had an annual average earnings growth of 7.60% over the past 10 years. GuruFocus rated Texas Instruments the business predictability rank of 2-star.

Texas Instruments recently reported third quarter revenues of $3.2 billion, a decrease of 4% over the prior year quarter. Net income was $629 million ($0.56 per share) compared to $784 million ($0.67 per share) in the third quarter of 2012. Third quarter 2013 free cash flow was $1.07 billion, a decrease of 4% over last year.

Sr. Vice President Melendy Lovett sold 30,000 shares of TXN stock on Oct. 30 at the average price of $41.93.

Norfolk Southern Corporation (NSC): EVP Finance and CFO John Rathbone Sold 116,407 Shares

EVP Finance and CFO John Rathbone sold 116,407 shares of NSC stock on Oct. 24 at the average price of $84.52. John P Rathbone owns at least 133,787 shares after this. The price of the stock has increased by 2.93% since.

Norfolk Southern Corporation has a market cap of $26.88 billion; its shares were traded at around $87.00 with a P/E ratio of 15.30 and P/S ratio of 2.48. The dividend yield of Norfolk Southern Corporation stocks is 2.34%. Norfolk Southern Corporation had an annual average earnings growth of 10.60% over the past 10 years. GuruFocus rated Norfolk Southern Corporation the business predictability rank of 4-star.

Third quarter 2013 net income increased by 20% to $482 million, and diluted EPS rose 23% to $1.53.

Exec. VP - Administration Cynthia Earhart and multiple other insiders have all also sold shares of NSC stock over the past week.

Informatica Corporation (INFA): CFO, CAO, EVP-GCS, Secretary Earl Fry Sold 110,000 Shares

CFO Earl Fry sold 110,000 shares of INFA stock on Oct. 31 at the average price of $38.68. Earl Fry owns at least 261,767 shares after this. The price of the stock has decreased by 1.45% since.

Informatica Corporation has a market cap of $4.12 billion; its shares were traded at around $38.12 with a P/E ratio of 55.20 and P/S ratio of 4.67. Informatica Corporation had an annual average earnings growth of 16.10% over the past 5 years.

Starwood Hotels & Resorts Worldwide Inc (HOT): Vice Chairman & CFO Vasant Prabhu Sold 104,573 Shares

Vice Chairman & CFO Vasant Prabhu sold 104,573 shares of HOT stock on Oct. 25 at the average price of $72.87. Vasant Prabhu owns at least 156,033 shares after this. The price of the stock has increased by 2.42% since.

Starwood Hotels & Resorts Worldwide Inc has a market cap of $14.29 billion; its shares were traded at around $74.63 with a P/E ratio of 22.40 and P/S ratio of 2.37. The dividend yield of Starwood Hotels & Resorts Worldwide stocks is 1.67%. Starwood Hotels & Resorts Worldwide Inc had an annual average earnings growth of 12.70% over the past 5 years.

Starwood generated third quarter 2013 EPS from continuing operations of $0.71 and adjusted EBITDA of $301 million. Net income decreased to $157 million from $170 million last year.

For the complete list of stocks that 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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