Weekly CEO Sells Highlight: Marriott International Inc, Allergan Inc, Fleetcor Technologies and Tutor Perini

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Dec 23, 2011
According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Marriott International Inc, Allergan Inc, Fleetcor Technologies and Tutor Perini

Marriott International Inc. Cl A (MAR, Financial): Chairman & CEO, 10% Owner J W Jr Marriott sold 750,000 Shares

Chairman & CEO, 10% Owner of Marriott International Inc. Cl A (MAR) J W Jr Marriott sold 750,000 shares during the past week at an average price of $28.74. Marriott International, Inc. operates and franchises hotels under the Marriott, JW Marriott, The Ritz-Carlton, Renaissance, Residence Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and Ramada International brand names; develops and operates vacation ownership resorts under the Marriott Vacation Club International, Horizons, The Ritz-Carlton Club and Marriott Grand Residence Club brands; operates Marriott Executive Apartments; provides housing through its Marriott ExecuStay division; and operates conference centers. Marriott International Inc. Cl A has a market cap of $9.87 billion; its shares were traded at around $29.44 with a P/E ratio of 22.5 and P/S ratio of 0.8. The dividend yield of Marriott International Inc. Cl A stocks is 1.4%.

Marriot International Inc. reported that adjusted net income totaled $104 million, a 25% increase compared to third quarter 2010 results. The Company also reported that revenue increased to $2.9 billion for the third quarter of 2011 compared to $2.6 billion in the third quarter of 2010.

Chairman & CEO, 10% Owner J W Jr Marriott sold 1,078,215 shares of MAR stock in August, October and December. President & COO Arne M Sorenson, 10% Owner Richard E Marriott, Pres & Mgr. Dir MI Lodg. Intl Edwin D Fuller, Group President Robert Mccarthy and 13D Group Owning more than 10% Stephen G Marriott sold 94,891 shares of MAR stock in August, October and November.

Allergan Inc. (AGN, Financial): Chairman, President and CEO David E I Pyott sold 566,754 Shares

Chairman, President and CEO of Allergan Inc. (AGN) David E I Pyott sold 566,754 shares on 12/22/2011 at an average price of $86.02. Allergan, Inc. is a provider of eye care and pharmaceutical products throughout the world with products in the eye care pharmaceutical, ophthalmic surgical device, over-the-counter contact lens care, movement disorder, and dermatological markets. Allergan Inc. has a market cap of $26.44 billion; its shares were traded at around $86.68 with a P/E ratio of 24.5 and P/S ratio of 5.4. The dividend yield of Allergan Inc. stocks is 0.2%. Allergan Inc. had an annual average earnings growth of 13.2% over the past 5 years.

On October 26, 2011, Allergan Inc. reported their third quarter 2011 operating results. The Company reported $1.3 billion total product net sales and net income of $250 million.

Chairman, President and CEO David E I Pyott sold 566,754 shares of AGN stock on 12/22/2011 at the average price of 86.02. Director Dawn E Hudson and EVP Global Technical Operations Raymond H Diradoorian sold 38,200 shares of AGN stock in October.

Fleetcor Technologies (FLT, Financial): CEO & President Ronald Clarke sold 277,600 Shares

CEO & President of Fleetcor Technologies (FLT) Ronald Clarke sold 277,600 shares on 12/14/2011 at an average price of $29.75. Fleetcor Technologies Inc operates as a provider of payment products and services to commercial fleets, major oil companies and petroleum marketers. Fleetcor Technologies has a market cap of $2.4 billion; its shares were traded at around $29.52 with a P/E ratio of 15.6 and P/S ratio of 5.5.

Fleetor Technologies announced that total revenues in the third quarter of 2011 increased 20.2% to $134.2 million compared to $111.7 million in the third quarter of 2010. The Company also announced their net income of $40.5 million.

CEO & President Ronald Clarke sold 277,600 shares of FLT stock on 12/14/2011 at the average price of 29.75. CFO & Secretary Eric Dey sold 30,338 shares of FLT stock in November and December. Exec VP, Global Universal Prod Robert Brandes, Pres, Major Oil Card Programs William Schmit, COO Todd House and President, Developing Markets Charles Richard Freund sold 26,209 shares of FLT stock in December.

Tutor Perini (TPC, Financial): Chairman & CEO, 10% Owner Ronald N Tutor sold 150,000 Shares

Chairman & CEO, 10% Owner of Tutor Perini (TPC) Ronald N Tutor sold 150,000 shares on 12/20/2011 at an average price of $12.59. Tutor Perini Corporation, formerly Perini Corporation, is a construction services company offering general contracting, construction management and design/build services to clients and agencies throughout the world. Tutor Perini has a market cap of $612.6 million; its shares were traded at around $12.94 with a P/E ratio of 7.8 and P/S ratio of 0.2. Tutor Perini had an annual average earnings growth of 19.3% over the past 10 years.

Revenue was $1.2 billion and net income was $35.5 billion, announced their 2011 third quarter results.

Chairman & CEO, 10% Owner Ronald N Tutor sold 1,207,027 shares of TPC stock in September, November and December. Director Michael R Klein bought 150,000 shares of TPC stock on 08/10/2011 at the average price of 12.39.

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

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