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Weekly Insider Sells Highlight: FRX, AXP, WFC, BBT, VECO

January 26, 2014 | About:

According to GuruFocus Insider Data, the largest insider sells during the past week were: Forest Laboratories Inc., American Express Co., Wells Fargo & Co., BB&T Corp and Veeco Instruments Inc.

The overall trend of insiders is illustrated in the chart below:

Forest Laboratories, Inc. (FRX): Director Howard Solomon sold 250,000 Shares

Director Howard Solomon sold 250,000 shares of FRX stock on 01/23/2014 at the average price of $67.13. Howard Solomon owns at least 714,881 shares after this. The price of the stock has decreased by 3.25% since.

Forest Laboratories, Inc. is a Delaware corporation organized in 1956. Forest Laboratories, Inc. has a market cap of $17.5 billion; its shares were traded at around $64.95 with and P/S ratio of 5.39.

Forest Laboratories recently released its fiscal third quarter 2014 results. Diluted GAAP EPS were $0.07 and non-GAAP EPS were $0.27. This compares to a GAAP net loss of $0.58 per share in the third quarter of 2013. Third quarter net sales increased 24.9% to $846.8 million.

SVP-Sales Jerome Lynch sold 135,625 shares of FRX stock on 01/22/2014 at the average price of $67.28.

American Express Co (NYSE:AXP): EVP, Advertising John D Hayes sold 159,370 Shares

EVP, Advertising John D Hayes sold 159,370 shares of AXP stock on 01/22/2014 at the average price of $90.88. John D Hayes owns at least 81,661 shares after this. The price of the stock has decreased by 4.32% since.

American Express Co was founded in 1850 as a joint stock association and was incorporated in 1965 as a New York corporation. American Express Co has a market cap of $93.15 billion; its shares were traded at around $86.95 with a P/E ratio of 20.50 and P/S ratio of 2.93. The dividend yield of American Express Co stocks is 1.02%. American Express Co had an annual average earnings growth of 9.40% over the past 10 years. GuruFocus rated American Express Co the business predictability rank of 2-star.

Wells Fargo & Co (NYSE:WFC): Senior Executive VP & CFO Timothy J Sloan Sold 75,000 Shares

Senior Executive VP & CFO Timothy J Sloan sold 75,000 shares of WFC stock on 01/24/2014 at the average price of $45.84. Timothy J Sloan owns at least 314,873 shares after this. The price of the stock has decreased by 0.79% since.

Wells Fargo & Co is a corporation organized under the laws of Delaware and a financial holding company and a bank holding company registered under the Bank Holding Company Act of 1956, as amended. Wells Fargo & Co has a market cap of $239.57 billion; its shares were traded at around $45.48 with a P/E ratio of 12.00 and P/S ratio of 2.87. The dividend yield of Wells Fargo & Co stocks is 2.53%. Wells Fargo & Co had an annual average earnings growth of 3.70% over the past 10 years.

Wells Fargo recently reported fourth quarter 2013 net income of $5.6 billion – up 10% year-over-year. Revenues were $20.7 billion compared to $21.9 billion, with total loans up $26.2 billion to $825.8 billion. ROA was up 1 point to 1.47% and ROE was up to 13.81%

Executive Vice President Michael J Heid sold 3,800 shares of WFC stock on 01/15/2014 at the average price of $45.9.

BB&T Corp (NYSE:BBT): CFO Daryl N. Bible Sold 60,593 Shares

CFO Daryl N. Bible sold 60,593 shares of BBT stock on 01/21/2014 at the average price of $38.95. Daryl N. Bible owns at least 151,211 shares after this. The price of the stock has decreased by 1.77% since.

BB&T Corporation is a financial holding company. The Company conducts its business operations mainly through its commercial bank subsidiary, Branch Banking and Trust Company 'Branch Bank'. BB&T Corp has a market cap of $26.97 billion; its shares were traded at around $38.26 with a P/E ratio of 17.90 and P/S ratio of 2.81. The dividend yield of BB&T Corp stocks is 2.40%.

In its fourth quarter of 2013, the company generated net income of $537 million, an increase of 6.1% over last year. EPS increased 5.6% to $0.75.

Chairman and CEO Kelly S King sold 87,727 shares of BBT stock on 01/21/2014 at the average price of $38.83. Multiple other insiders have all also sold shares of BBT stock.

Veeco Instruments Inc (NASDAQ:VECO): EVP & CFO David D. Glass Sold 58,334 Shares

EVP & CFO David D. Glass sold 58,334 shares of VECO stock on 01/22/2014 at the average price of $37.52. David D. Glass owns at least 9,654 shares after this. The price of the stock has decreased by 1.95% since.

Veeco Instruments Inc was organized as a Delaware corporation in 1989. Veeco Instruments Inc has a market cap of $1.44 billion; its shares were traded at around $36.79 with and P/S ratio of 3.91.

Veeco Instruments had a third quarter 2013 net loss of $6 million compared to a net income of $7.7 million the prior year quarter. Revenues decreased to $99.3 million compared to $132.7 million last year.

For the complete list of stocks that bought/sold by their company executives, 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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Rating: 4.5/5 (2 votes)

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