Weekly Insider Sells Highlight: Flowers Foods, Gilead Sciences, Cigna, HanesBrands

A summary of the largest insider sells in the last week

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Sep 22, 2015
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According to GuruFocus Insider Data, the largest insider sells during the past week were: Flowers Foods Inc. (FLO, Financial), Gilead Sciences Inc. (GILD, Financial), Cigna Corp. (CI, Financial) and HanesBrands Inc. (HBI, Financial).

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

Flowers Foods Inc.: President and CEO Allen L. Shiver sold 82,500 shares

Allen L. Shiver sold 82,500 shares of FLO stock on Sept. 18 at the average price of $24.57. Shiver owns at least 624,087 shares after this. The price of the stock has decreased by 0.85% since.

Flowers Foods has a market cap of $5.12 billion, and its shares were traded at around $24.36 with a P/E ratio of 27.93 and P/S ratio of 1.38. The dividend yield of Flowers Foods stocks is 2.28%. The company had an annual average earnings growth of 11.70% over the past 10 years. GuruFocus rated it the business predictability rank of 4-star.

Flowers Foods has released its second quarter 2015 results ended July 18. In this quarter, the company generated sales of $889 million – 1.8% higher than in the prior year quarter. The company saw also net income increase 23.1% to $52 million and diluted EPS increase of 20% to $0.24. Dividends for the period were raised by 20.8% to $0.145 per share.

George E. Deese sold 413,300 shares of FLO stock on Sept. 15 at the average price of $24.05. Director Joe E. Beverly sold 100,000 shares of FLO stock on Sept. 11 at the average price of $23.99.

Gilead Sciences Inc.: EVP Norbert W. Bischofberger sold 70,000 shares

Norbert W. Bischofberger sold 70,000 shares of GILD stock on Sept. 15 at the average price of $110.7. The price of the stock has decreased by 4.48% since.

Gilead Sciences has a market cap of $155.18 billion; its shares were traded at around $105.74 with a P/E ratio of 11.12 and P/S ratio of 5.73. The dividend yield of Gilead Sciences stocks is 0.81%. The company had an annual average earnings growth of 27.20% over the past 5 years.

Gilead Sciences had second quarter 2015 sales of $8.13 billion and total revenues of $8.24 billion. This compares to $6.41 billion and $6.53 billion respectively for the same quarter in 2014. Diluted EPS for the second quarter of 2015 was $2.92, which compares to $2.20 for the same period of last year.

Chairman and CEO John C. Martin sold 150,000 shares of GILD stock on Sept. 1 at the average price of 102.73. CFO Robin L. Washington, and multiple other insider also have sold shares of GILD stock over the past month.

Cigna Corp.: President Herbert A. Fritch sold 39,174 shares

HealthSpring of Cigna President Herbert A. Fritch sold 39,174 shares on Sept. 15 at an average price of $142.09. Fritch owns at least 283,125 shares after this. The price of the stock has increased by 1.74% since.

Cigna has a market cap of $36.59 billion. Its shares were traded at around $142.09 with a P/E ratio of 17.75 and P/S ratio of 1.04. The dividend yield of Cigna stocks is 0.03%. The company had an annual average earnings growth of 11.10% over the past 10 years.

Cigna reported second-quarter 2015 consolidated revenues of $9.5 billion, an increase of 9% over the prior year quarter. Adjusted income from operations was $2.55 per share, 23% higher than in the year-ago quarter.

HanesBrands Inc.: Group President W. Howard Upchurch Jr. sold 166,906 shares

IW Americas of HanesBrands Group President W. Howard Upchurch Jr. sold 166,906 shares on Sept. 16 at an average price of $30.13.

HanesBrands has a market cap of $12.13 billion, and its shares were traded at around $30.13 with a P/E ratio of 34.62 and P/S ratio of 2.20. The dividend yield of HanesBrands stocks is 1.25%, and the company had an annual average earnings growth of 0.90% over the past 10 years.

For its second quarter of 2015, HanesBrands reported net sales of $1.52 billion, an increase of 13% year-over-year. Adjusted EPS increased 16% to $0.50, and adjusted operating profit increased 15% to $265 million.

Activewear Group President John T. Marsh sold 11,523 shares of HBI stock on Sept. 16 at the average price of $30.03.

For the complete list of stocks that bought/sold by their company executives, go to: Insider Buys.