Weekly Top Insider Sells: INTU, SPG, AMP, CIE and ABT

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Dec 26, 2011
According to GuruFocus Insider Data, these are the largest insider sells during the past week.


Intuit Inc. (INTU, Financial): Director David H. Batchelder sold 1,703,236 Shares


Director of Intuit Inc. (INTU) David H. Batchelder sold 1,703,236 shares on 12/21/2011 at an average price of $53.1.


Intuit's mission is to revolutionize how people manage their financial activities. Intuit Inc. has a market cap of $15.97 billion; its shares were traded at around $53.1 with a P/E ratio of 24.14 and P/S ratio of 4.15. The dividend yield of Intuit Inc. stocks is 1.13%. Intuit Inc. had an annual average earnings growth of 15.6% over the past 10 years. GuruFocus rated Intuit Inc. the business predictability rank of 4-star.


On Nov. 17, 2011 Intuit announced financial results for its first fiscal quarter, which ended October 31, and reiterated guidance for the full fiscal year 2012. Intuit paid its first quarterly cash dividend of $0.15 per share, or $45 million, in the first quarter. In November the company's board of directors approved a quarterly cash dividend of $0.15 per share to be paid on Jan. 18, 2012 to shareholders of record as of the close of business on January 10. During the first quarter, Intuit repurchased $255 million of its shares.


Senior Vice President, Consumer Group Dan Maurer sold 29,064 shares of INTU stock on 12/05/2011 at the average price of $53.07. Dan Maurer owns at least 20,622 shares after this. The price of the stock has increased by 0.06% since.


Simon Property Group Inc. (SPG, Financial): Chairman Emeritus of the Board Herbert Simon sold 153,827 Shares


Chairman Emeritus of the Board of Simon Property Group Inc. (SPG) Herbert Simon sold 153,827 shares on 12/22/2011 at an average price of $130.26.


Simon Property Group Inc. is a self-administered and self-managed real estate investment trust which, through its subsidiary partnerships, is engaged in the ownership, development, management, leasing, acquisition and expansion of income-producing properties, primarily regional malls and community shopping centers. Simon Property Group Inc. has a market cap of $38.27 billion; its shares were traded at around $130.26 with a P/E ratio of 19.24 and P/S ratio of 9.67. The dividend yield of Simon Property Group Inc. stocks is 2.76%. Simon Property Group Inc. had an annual average earnings growth of 3.2% over the past 10 years.


On Oct. 25, 2011 Simon Property Group, Inc. reported results for the quarter ended Sept. 30, 2011. Net income attributable to common stockholders was $274.0 million, or $0.93 per diluted share, as compared to $230.6 million, or $0.79 per diluted share, in the prior year period. The increase on a per share basis was 17.7%.


Chairman Emeritus of the Board Herbert Simon sold 121,824 shares of SPG stock on 11/11/2011 at the average price of $128.09. Herbert Simon owns at least 1,436,167 shares after this. The price of the stock has increased by 1.69% since.


Ameriprise Financial (AMP, Financial): Executive Vice President of Service Delegation and Tech Glen Salow sold 363,700 Shares


Executive Vice President of Service Delegation and Tech of Ameriprise Financial (AMP) Glen Salow sold 363,700 shares on 12/22/2011 at an average price of $50.61.


Ameriprise Financial Inc. is a financial planning and services company with financial advisers and registered representatives that provides solutions for clients' asset accumulation, income management and insurance protection needs. Ameriprise Financial has a market cap of $11.45 billion; its shares were traded at around $50.61 with a P/E ratio of 10.31 and P/S ratio of 1.15. The dividend yield of Ameriprise Financial stocks is 1.82%.


On December 7, 2011 the Board of Directors of Ameriprise Financial Inc. declared a $0.28 per common share dividend, payable on February 24, 2012 to shareholders of record at the close of business on Feb. 10, 2012. The dividend represents a $0.05 or 22 percent increase from the current level. With this action, the company will have increased its dividend by 56 percent since the second quarter of 2011 and raised its dividend five times since becoming a public company in 2005.


Executive Vice President of Service Delegation and Tech Glen Salow sold 363,700 shares of AMP stock on 12/22/2011 at the average price of $50. Glen Salow owns at least 127,819 shares after this. The price of the stock has increased by 1.22% since.


Cobalt International Energy (CIE, Financial): Chief Exploration Officer James W. Farnsworth sold 400,000 Shares


Chief Exploration Officer of Cobalt International Energy (CIE) James W. Farnsworth sold 400,000 shares during the past week at an average price of $15.85.


Cobalt International Energy Inc., through its subsidiary Cobalt International Energy LLC, has a market cap of $6.22 billion.


On November 1, 2011 Cobalt International Energy Inc. announced a net loss of $47 million, or $0.12 per basic and diluted share for the third quarter of 2011, compared to a net loss of $35 million, or $0.10 per basic and diluted share, for the third quarter of 2010.


Director Kenneth A. Pontarelli bought 9,444 shares of CIE stock on 08/10/2011 at the average price of $8.82. Kenneth A Pontarelli owns at least 74,868,148 shares after this. The price of the stock has increased by 79.71% since.


Abbott Laboratories (ABT, Financial): Vice President Greg W. Linder sold 75,203 Shares


Vice President of Abbott Laboratories (ABT) Greg W. Linder sold 75,203 shares on 12/22/2011 at an average price of $56.02.


Abbott Laboratories is a global, broad-based health care company devoted to discovering new medicines, new technologies and new ways to manage health. Abbott Laboratories has a market cap of $87.27 billion; its shares were traded at around $56.02 with a P/E ratio of 12.42 and P/S ratio of 2.48. The dividend yield of Abbott Laboratories stocks is 3.43%. Abbott Laboratories had an annual average earnings growth of 7.8% over the past 10 years. GuruFocus rated Abbott Laboratories the business predictability rank of 5-star.


On Oct. 19, 2011 Abbott Park, Illinois Abbott announced financial results for the third quarter ended Sept. 30, 2011. Diluted earnings per share, excluding specified items, were $1.18, at the high end of Abbott's previous guidance range, reflecting 12.4 percent growth. Diluted earnings per share under Generally Accepted Accounting Principles (GAAP) were $0.19, net of specified items, including a $1.5 billion pre-tax reserve related to previously disclosed litigation. Worldwide sales increased 13.2 percent to $9.8 billion, including a favorable 5.3 percent effect of foreign exchange. Proprietary Pharmaceuticals sales increased 13.5 percent in the quarter.


Senior Vice President Robert B. Hance sold 77,885 shares of ABT stock on 12/14/2011 at the average price of $54.31. Robert B. Hance owns at least 155,649 shares after this. The price of the stock has increased by 3.15% since.


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