Weekly CFO Sales Highlight: Adobe Systems, Intel, Procter & Gamble

Recent insider sales from company CFOs

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Jan 31, 2016
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According to GuruFocus Insider Data, the recent CFO sells were: Adobe Systems Inc. (ADBE, Financial), Intel Corp. (INTC, Financial), and Procter & Gamble Co. (PG, Financial).

Adobe Systems Inc.: EVP, CFO and Asst. Secretary Mark Garrett sold 53,395 shares

On Jan. 25, Garrett sold 53,395 shares at an average price of $88.52. The price of the stock has increased by 0.69%. Adobe Systems Inc. has a market cap of $44.42 billion and its shares were traded at around $89.13. The company has a P/E ratio of 91.55 and P/S ratio of 9.43. Over the past 10 years, Adobe Systems Inc. had an annual average earnings growth of 1.80%.

Adobe Systems Inc. announced its 2015 fourth-quarter results with revenues of $1.31 billion and gross profit of $1.11 billion, while the net income was $222.71 million. The 2015 total revenue was $4.80 billion, a 16% increase from the 2014 total revenue. The 2015 gross profit was $4.05 billion, a 15% increase from the 2014 gross profit. The 2015 net income was $629.55 million.

On Jan. 26, President and CEO Shantanu Narayen sold 183,853 shares at an average price of $86.83. The price of the stock has increased by 2.65%. On Jan. 26, EVP WW Field Operations Matthew Thompson sold 73,000 shares at an average price of $86.84. The price of the stock has increased by 2.64%. On Jan. 25, ValueAct sold 2,052,000 shares at an average price of $89.33. The price of the stock has decreased by 0.22%.

Intel Corp: Exec VP and CFO Stacy J. Smith sold 225,963 shares

On Oct. 27, Exec VP and CFO Stacy J Smith sold 225,963 shares at an average price of $34.39. The price of the stock has decreased by 9.8%. Intel Corp has a market cap of $146.38 billion and its shares were traded at around $31.02. The company has a P/E ratio of 13.25 and P/S ratio of 2.76 with a dividend yield of 3.09%. Over the past 10 years, Intel Corp had an annual average earnings growth of 8.50%.

Intel Corp announced its 2015 third-quarter results with revenues of $14.47 billion and gross profit of $9.11 billion, while the net income was $3.11 billion. The 2014 total revenue was $55.87 billion, a 6% increase from the 2013 total revenue. The 2014 gross profit was $35.61 billion, a 13% increase from the 2013 gross profit. The 2014 net income was $11.70 billion.

On Jan. 4, CEO Brian M Krzanich sold 35,000 shares at an average price of $33.66. The price of the stock has decreased by 7.84%. On Jan. 27, Chairman Andy D Bryant sold 207,110 shares at an average price of $29.73. The price of the stock has increased by 4.34%. On Jan. 26, Exec VP William M Holt sold 46,416 shares at an average price of $29.96. The price of the stock has increased by 3.54%.

Procter & Gamble Co.: CFO Jon R Moeller sold 4,566 shares

On Aug. 18, Moeller sold 4,566 shares at an average price of $75.21. The price of the stock has increased by 8.62%. Procter & Gamble has a market cap of $220.94 billion and its shares were traded at around $81.69. The company has a P/E ratio of 31.80 and P/S ratio of 3.24 with a dividend yield of 3.25%. Over the past 10 years, Procter & Gamble had an annual average earnings growth of 1.80%.

Procter & Gamble announced its 2015 second-quarter results with revenues of $16.92 billion and gross profit of $8.46 billion, while the net income was $3.21 billion. The 2015 total revenue was $76.28 billion, a 5% decrease from the 2014 total revenue. The 2015 gross profit was $37.40 billion, a 5% decrease from the 2014 gross profit. The 2015 net income was $7.04 billion.

On Oct. 26, President and CEO Alan G Lafley sold 92,500 shares at an average price of $77.44. The price of the stock has increased by 5.49%. On Jan. 29, Exec Chairman of the Board Alan G Lafley sold 290,000 shares at an average price of $79.53. The price of the stock has increased by 2.72%. On Jan. 28, Comptroller and Treasurer Valarie L Sheppard sold 28,860 shares at an average price of $79.5. The price of the stock has increased by 2.75%.