Weekly CFO Sells: WU, SRZ, COF, EXR, DISCA, SLB, PCS

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Mar 06, 2011
According to GuruFocus Insider Data, the largest CFO sells during the past week were: THE WESTERN UNION COMPANY, SUNRISE SENIOR LIVING INC, CAPITAL ONE FINANCIAL, EXTRA SPACE STORAGE INC, Discovery Communications Inc Series A, SCHLUMBURGER Ltd., METRO PCS COMMUNICATIONS Inc,



THE WESTERN UNION COMPANY (WU, Financial): EVP and CFO Scott Scheirman Sold 362,341 Shares



EVP and CFO of THE WESTERN UNION COMPANY (WU) Scott Scheirman sold 362,341 shares on 03/01/2011 at an average price of $21.68. The Western Union Company is a provider of global money-transfer services. The Western Union Company has a market cap of $14.25 billion; its shares were traded at around $21.72 with a P/E ratio of 15.5 and P/S ratio of 2.7. The dividend yield of The Western Union Company stocks is 1.3%. The Western Union Company had an annual average earning growth of 3.2% over the past 5 years.



THE WESTERN UNION COMPANY has released its fourth quarter 2010 results. During this quarter the company reported an 3% increase in revenue from prior year quarter to $1.4 billion.



John Griffin of Blue Ridge Capital added shares of WU on 12/31/2010 and now owns 10,090,000 shares. Joel Greenblatt of Gotham Capital bought 65,956 shares of WU stock on 12/31/2010. Ron Baron of Baron Funds added shares of WU stock and now owns 1,493,811 shares.



Sell: EVP and CFO Scott Scheirman sold 362,341 shares of WU stock on 03/01/2011 at the average price of 21.68. Scott Scheirman owns at least 76,080 shares after this. The price of the stock has increased by 0.18% since. Pres. Americas & EVP Stewart Stockdale and EVP, Gen. Counsel & Sec. David Schlapbach both also sold shares of WU stock early March.



SUNRISE SENIOR LIVING INC. (SRZ, Financial): CFO Julie Anne Pangelinan Sold 333,333 Shares



CFO of SUNRISE SENIOR LIVING INC. (SRZ) Julie Anne Pangelinan sold 333,333 shares on 03/03/2011 at an average price of $11.55. Sunrise Senior Living is the nation's largest provider of senior living services. Sunrise Senior Living Inc. has a market cap of $658.2 million; its shares were traded at around $11.7 with and P/S ratio of 0.4.



For its fourth quarter 2010, SUNRISE SENIOR LIVING INC. reported net income of $15 million compared to $10.4 million prior year quarter.



Hedge Fund Gurus that owns SRZ: Jim Simons of Renaissance Technologies LLC, Steven Cohen of SAC Capital Advisors.



Sell: CFO Julie Anne Pangelinan sold 333,333 shares of SRZ stock on 03/03/2011 at the average price of 11.55. The price of the stock has increased by 1.3% since. Chief Accounting Officer C Marc Richards and General Counsel & Secretary David Haddock also sold shares of SRZ stock on 03/03/2011



CAPITAL ONE FINANCIAL (COF, Financial): CFO Gary L Perlin Sold 172,054 Shares



CFO of CAPITAL ONE FINANCIAL (COF) Gary L Perlin sold 172,054 shares on 02/28/2011 at an average price of $50.17. Capital One Financial is a holding company whose subsidiaries provide a variety of products and services to consumers using its proprietary information-based strategy. Capital One Financial has a market cap of $22.17 billion; its shares were traded at around $48.53 with a P/E ratio of 7.2 and P/S ratio of 1.2. The dividend yield of Capital One Financial stocks is 0.4%.



CAPITAL ONE FINANCIAL has released its fourth quarter 2010 results. Net loss during the quarter was $34.1 million. On January 28, 2011 North American Financial Holdings Inc. completed its purchase of 71 million shares of COF stock worth $181 million or approximately 85% of the company.



John Paulson of Paulson & Co. added shares of COF to the portfolio on 12/31/2010, and now owns 18,000,000 shares. David Tepper of Appaloosa Management LP reduced his shares of COF and now owns 1,026,009 shares. George Soros of Soros Fund Management sold out all COF stock.



Sell: CFO Gary L Perlin sold 172,054 shares of COF stock on 02/28/2011 at the average price of 50.17. Gary L Perlin owns at least 240,235 shares after this. The price of the stock has decreased by 3.27% since. Chief Information Officer Robert M. Alexander and Chief Human Resources Officer Jory A Berson sold a total of 95,423 on 02/28/2011



EXTRA SPACE STORAGE INC. (EXR, Financial): Executive VP & CFO Kent Christensen Sold 152,500 Shares



Executive VP & CFO of EXTRA SPACE STORAGE INC. (EXR) Kent Christensen sold 152,500 shares on 03/01/2011 at an average price of $19.51. Extra Space Storage Inc. is a fully integrated, self-administered and self-managed real estate investment trust that acquires, develops and operates self-storage facilities. Extra Space Storage Inc. has a market cap of $1.73 billion; its shares were traded at around $19.77 with a P/E ratio of 20.8 and P/S ratio of 6.2. The dividend yield of Extra Space Storage Inc. stocks is 2%. Extra Space Storage Inc. had an annual average earning growth of 10.9% over the past 5 years.



EXTRA SPACE STORAGE INC. has released its fourth quarter 2010 results. During this quarter ended December 31, 2010 the company reported FFO (Achieved Funds From Operations) of $0.26 per share.



Sell: Executive VP & CFO Kent Christensen sold 152,500 shares of EXR stock on 03/01/2011 at the average price of 19.51. Executive VP & COO Karl Haas sold 60,150 shares of EXR stock on 03/01/2011 at the average price of 19.49. Executive VP & CLO Charles Allen and Senior VP Accounting P Scott Stubbs also sold shares of EXR stock.



Discovery Communications Inc. Series A (DISCA, Financial): SEVP & CFO Bradley E Singer Sold 150,000 Shares



SEVP & CFO of Discovery Communications Inc. Series A (DISCA) Bradley E Singer sold 150,000 shares on 03/01/2011 at an average price of $42.23. DISCOVERY COMMUNICATIONS INC., formerly Discovery Holding Company, is a holding company that conducts operations through its two wholly owned operating subsidiaries, Ascent Media Group, LLC and Ascent Media CANS, LLC, and throught its 66. Discovery Communications Inc. Series A has a market cap of $11.92 billion; its shares were traded at around $41.94 with a P/E ratio of 23.2 and P/S ratio of 3. Discovery Communications Inc. Series A had an annual average earning growth of 129.9% over the past 5 years.



John Griffin of Blue Ridge Capital reduced shares of DISCA by 25% and now owns 3,982,500 shares. Ron Baron of Baron Funds added shares of DISCA and now owns 2,363,027 shares. Lee Ainslie of Maverick Capital, Steve Mandel of Lone Pine Capital, and other gurus all sold sold out their shares of DISCA.



Sell: SEVP & CFO Bradley E Singer sold 150,000 shares of DISCA stock on 03/01/2011 at the average price of 42.23. Bradley E Singer owns at least 15,300 shares after this. The price of the stock has decreased by 0.69% since.



SCHLUMBERGER Ltd. (SLB, Financial): CFO Simon Ayat Sold 120,000 Shares



CFO of SCHLUMBERGER Ltd. (SLB) Simon Ayat sold 120,000 shares on 02/28/2011 at an average price of $92.18. Schlumberger Limited is a global technology services company consisting of two business segments, Schlumberger Oilfield Services and SchlumbergerSema. Schlumberger Ltd. has a market cap of $124.71 billion; its shares were traded at around $91.4 with a P/E ratio of 32.1 and P/S ratio of 4.5. The dividend yield of Schlumberger Ltd. stocks is 1.1%. Schlumberger Ltd. had an annual average earning growth of 4% over the past 5 years.



SCHLUMBERGER Ltd. Has released its fourth quarter 2010 results. The company reported revenue of $9.07 billion compared to $5.74 billion prior year quarter. Income from continuing operations, excluding charges and credits of $1.16 billion, up 42% year-on-year.



Steve Mandel of Lone Pine Capital made a new holding of 7,004,298 shares of SLB stock on 12/31/2010. Ken Heebner of Capital Growth Management LP also made a new holding of 3,349,600 shares of SLB on this date.



Sell: CFO Simon Ayat sold 120,000 shares of SLB stock on 02/28/2011 at the average price of 92.18. Simon Ayat owns at least 132,011 shares after this. The price of the stock has decreased by 0.85% since. COO Paal Kibsgaard sold 144,000 shares of SLB stock on 03/03/2011 at the average price of 93.23. Paal Kibsgaard owns at least 15,681 shares after this. Vice President Doug Pferdehirt sold 137,980 shares of SLB stock on 02/28/2011 at the average price of 92.42.



METROPCS COMMUNICATIONS INC. (PCS, Financial): Executive VP and CFO J Braxton Carter Ii Sold 100,000 Shares



Executive VP and CFO of METROPCS COMMUNICATIONS INC. (PCS) J Braxton Carter Ii sold 100,000 shares on 03/03/2011 at an average price of $14.88. MetroPCS Communications provides wireless communications services. Metropcs Communications Inc. has a market cap of $5.28 billion; its shares were traded at around $14.91 with a P/E ratio of 21.4 and P/S ratio of 1.4.



METROPCS COMMUNICATIONS INC. recently released its fourth quarter 2010 results. During this quarter the company reported consolidated revenues of $1.07 billion, an increase of 15% from prior year quarter. Also, in this quarter the company added 298,000 net subscribers.



George Soros of Soros Fund Management, Mario Gabelli of GAMCO Investors and Michael Price of MFP Investors LLC all sold out their shares of PCS stock.



Sell: Executive VP and CFO J Braxton Carter Ii sold 100,000 shares of PCS stock on 03/03/2011 at the average price of 14.88. J Braxton Carter Ii owns at least 274,480 shares after this. The price of the stock has increased by 0.2% since. Associates Inc Ta sold 600,000 shares of PCS stock in late February and early March. COO Thomas Christopher Keys sold 165,000 shares of PCS stock on 02/25/2011 at the average price of 14.01.



For the complete list of stocks that Sold by their CFOs, go to: Insider Buys.


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