Weekly CFO Sells Highlight: ELGX, LOW, NWS, SBUX, WLP

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Dec 18, 2012
According to GuruFocus Insider Data, the largest CFO sells during the past week were: Endologix Inc., Lowe’s Companies Inc., News Corporation, Starbucks Corporation and WellPoint Inc.

Endologix Inc. (ELGX, Financial): CFO Robert John Krist Sold 356,770 Shares

CFO of Endologix Inc. (ELGX) Robert John Krist sold 356,770 shares during the past week at an average price of $14.08. Robert John Krist owns at least 142,236 shares after this. The price of the stock has decreased by 3.52% since.

Endologix Inc. was incorporated in California in March 1992 and reincorporated in Delaware in June 1993. Endologix Inc. has a market cap of $865.533 million; its shares were traded at around $13.45 with and P/S ratio of 10.4.

Endologix Inc. saw third quarter 2012 revenue of $26.7 million, a 20% increase year over year. GAAP net loss for the quarter was $5.9 million ($0.10 per share), compared to a loss of $6.6 million ($0.12 per share) in the same quarter last year.

Vice President Janet Mary Fauls and Director Gregory D. Waller both also sold shares of ELGX stock during the past week.

Lowe's Companies Inc. (LOW, Financial): CFO Robert F. Hull Jr. Sold 158,839 Shares

CFO Robert F. Hull Jr. sold 158,839 shares of LOW stock on 12/07/2012 at the average price of $35.22. Robert F. Hull Jr. owns at least 253,735 shares after this. The price of the stock has increased by 1.53% since.

Lowe's Companies Inc. was incorporated in North Carolina in 1952 and has been publicly held since 1961. Lowe's Companies Inc. has a market cap of $39.55 billion; its shares were traded at around $35.76 with a P/E ratio of 19.8 and P/S ratio of 0.8. The dividend yield of Lowe's Companies Inc. stocks is 1.8%. Lowe's Companies Inc. had an annual average earnings growth of 7.2% over the past 10 years.

Lowe’s reported third quarter 2012 net earnings of $396 million, a 76% increase over the prior year quarter. Diluted EPS increased 94% from last year to $0.35 in this quarter. The results for the third quarter of 2011 included multiple charges reducing pre-tax earnings by $368 million.

Chief Customer Officer Gregory M. Bridgeford and Director Peter C. Browning also recently sold shares of LOW stock.

News Corporation (NWS, Financial): Executive Vice President and Deputy CFO John Nallen Sold 147,400 Shares

Executive Vice President and Deputy CFO John Nallen sold 147,400 shares of NWS stock on 12/12/2012 at the average price of $24.94. John Nallen owns at least 176,475 shares after this. The price of the stock has increased by 3.25% since.

News Corporation is a Delaware corporation. The company is a global media company with operations in the following six industry segments: Cable Network Programming; Filmed Entertainment; Television; Direct Broadcast Satellite Television; Publishing; and Other. News Corporation has a market cap of $59.22 billion; its shares were traded at around $25.75 with a P/E ratio of 16.9 and P/S ratio of 1.8. The dividend yield of News Corporation stocks is 0.7%.

News Corporation recently released its results for its first quarter 2013 ended September 30, 2012. For this quarter, the company reported revenue of $8.14 billion, a 2% increase year-over-year. Net income attributable to stockholders was $2.24 billion ($0.94 per share), compared to $738 million ($0.28 per share) in the prior year quarter. Net income after adjustment was $0.43 for this quarter compared to $0.32 last year.

Starbucks Corporation (SBUX, Financial): CFO and CAO Troy Alstead Sold 118,570 Shares

CFO Troy Alstead sold 118,570 shares of SBUX stock on 12/12/2012 at the average price of $53.55. Troy Alstead owns at least 153,102 shares after this. The price of the stock has increased by 1.68% since.

Starbucks Corporation was formed in 1985. The company purchases and roasts high-quality whole bean coffees and sells them, along with fresh, rich-brewed coffees, Italian-style espresso beverages, cold blended beverages, complementary food items, a selection of teas, and beverage-related accessories and equipment, through its company-operated retail stores. Starbucks Corporation has a market cap of $39.93 billion; its shares were traded at around $54.45 with a P/E ratio of 30 and P/S ratio of 3. The dividend yield of Starbucks Corporation stocks is 1.6%. Starbucks Corporation had an annual average earnings growth of 15% over the past 10 years. GuruFocus rated Starbucks Corporation the business predictability rank of 3-star.

Starbucks Corporation has released its fourth quarter 2012 results. Fourth quarter revenues increased 11% to $3.4 billion, with global comparable store sales increasing by 6% from prior year quarter. Fourth quarter EPS was $0.46 compared to EPS of $0.47 last year. During this year, Starbucks declared a cash dividend of $0.21 per share.

CEO Howard D. Schultz and multiple other insiders all sold shares of SBUX stock over the past week.

WellPoint Inc (WLP, Financial): Executive Vice President and CFO Wayne S. Deveydt Sold 96,792 Shares

Executive Vice President and CFO Wayne S. Deveydt sold 96,792 shares of WLP stock on 12/11/2012 at the average price of $58.25. Wayne S. Deveydt owns at least 46,799 shares after this. The price of the stock has increased by 2.4% since.

WellPoint Inc. is an Indiana corporation incorporated on July 17, 2001. WellPoint Inc has a market cap of $17.19 billion; its shares were traded at around $59.65 with a P/E ratio of 7.8 and P/S ratio of 0.3. The dividend yield of WellPoint Inc. stocks is 2%. WellPoint Inc. had an annual average earnings growth of 17.2% over the past 10 years. GuruFocus rated WellPoint Inc. the business predictability rank of 4-star.

WellPoint Inc. recently reported third quarter 2012 net income of $691.2 million ($2.15 per share).

Executive Vice President and Chief HR Officer Randal L. Brown, and Senior Vice President and Chief Accounting Officer John E. Gallina both also sold shares of WLP stock during the past week.

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