Weekly CFO Sells Highlight: Broadcom Corp, American Express Co, and VMWare Inc.

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Jun 01, 2015

According to GuruFocus Insider Data, the recent CFO sales were: Broadcom Corp (BRCM, Financial), American Express Co (AXP, Financial)Â and VMWare Inc. (VMW, Financial).

Broadcom Corp: Executive Vice President and CFO Eric Brandt sold 60,000 shares

On 05/27/2015, Executive Vice President and CFO Eric Brandt sold 60,000 shares at an average price of $55.40. The price of the stock has increased by 2.62% since. Broadcom Corp has a market cap of $34 billion and its shares were traded at around $56.85. The company has a P/E ratio of 49.80 and P/S ratio of 4.06 with a dividend yield of 0.91%. Over the past 10 years, Broadcom Corp had an annual average earnings growth of 18.30%.

Broadcom Corp announced its 2015 first-quarter results with revenues of $2.06 billion and gross profit of $1.09 billion; the net income was $209 million. The 2014 total revenue was $8.43 billion, a 1% increase from the 2013 total revenue. The 2014 gross profit was $4.33 billion, a 3% increase from the 2013 gross profit. The 2014 net income was $652 million.

On 03/04/2015, President & CEO Scott A McGregor sold 135,000 shares at an average price of $45.02. The price of the stock has increased by 26.28%. On 05/27/2015, EVP, Worldwide Sales Michael E. Hurlston sold 5,000 shares at an average price of $49.95. The price of the stock has increased by 13.81%. On 05/27/2015, Chairman of the Board and CTO Henry Samueli sold 870,000 shares at an average price of $54.83. The price of the stock has increased by 3.68%.

American Express Co: EVP, CFO Jeffrey C. Campbell bought 25,000 shares

On 02/26/2015, EVP, CFO Jeffrey C. Campbell bought 25,000 shares at an average price of $83.21. The price of the stock has decreased by 4.19% since. American Express Co has a market cap of $80.98 billion, and its shares were traded at around $79.72. The company has a P/E ratio of 14.10 and P/S ratio of 2.43 with a dividend yield of 1.30%. Over the past 10 years, American Express Co had an annual average earnings growth of 9.70%.

American Express Co announced its 2015 first-quarter results with revenues of $8.36; the net income was $1.53 billion. The 2014 total revenue was $36.0 billion, a 3% increase from the 2013 total revenue. The 2014 net income was $5.89 billion.

On 05/18/2015, Chairman & CEO Kenneth I Chenault sold 769,000 shares at an average price of $80.07. The price of the stock has decreased by 0.44%. On 05/20/2015, Director Ronald A Williams bought 13,585 shares at an average price of $80.98. The price of the stock has decreased by 1.56%. On 05/27/2015, Group Pres., Global Corp Serv Stephen J Squeri sold 431,913 shares at an average price of $80. The price of the stock has decreased by 0.35%.

VMWare Inc.: CFO, COO and EVP Jonathan Chadwick sold 23,260 shares

On 02/25/2015, CFO, COO and EVP Jonathan Chadwick sold 23,260 shares at an average price of $83.86. The price of the stock has increased by 4.13% since. VMWare Inc. has a market cap of $37.01 billion, and its shares were traded at around $87.32. The company has a P/E ratio of 43.20 and P/S ratio of 6.12. Over the past 5 years, VMWare Inc. had an annual average earnings growth of 25.50%.

VMWare Inc. announced its 2015 first-quarter results with revenues of $1.51 billion and gross profit of $1.27 billion; the net income was $196 million. The 2014 total revenue was $6.04 billion, a 16% increase from the 2013 total revenue. The 2014 gross profit was $5.12 billion, a 14% increase from the 2013 gross profit. The 2014 net income was $886 million.

On 05/22/2015, Director Paul Maritz sold 271,757 shares at an average price of $87.35. The price of the stock has decreased by 0.03%. On 05/20/2015, Director Paul Maritz sold 169,304 shares at an average price of $87.72. The price of the stock has decreased by 0.46%. On 05/12/2015, Sr. Vice President, CAO P. Kevan Krysler sold 2,850 shares at an average price of $89.08. The price of the stock has decreased by 1.98%.