Weekly CEO Sells Highlight: DIS, LMT, INCY, ADBE

By
A A A

According to GuruFocus Insider Data , these are the largest CEO sales during the past week: Walt Disney, Lockheed Martin, Incyte Corp and Adobe Systems

Walt Disney ( DIS ): Chairman and CEO Robert A Iger sold 1,798,831 Shares

Chairman and CEO of Disney Walt ( DIS ) Robert A Iger sold 1,798,831 shares on 05/10/2012 at an average price of $45.36. Walt Disney Company owns 100% of Disney Enterprises, Inc. Disney Walt has a market cap of $77.75 billion; its shares were traded at around $45.53 with a P/E ratio of 16.3 and P/S ratio of 1.9. The dividend yield of Disney Walt stocks is 1.4%. Disney Walt had an annual average earnings growth of 15% over the past 10 years. GuruFocus rated Disney Walt the business predictability rank of 4-star .

Walt Disney reported their 2012 second quarter results. The Company reported revenues of $9.6 billion and net income of $1.14 billion.

Chairman and CEO Robert A Iger sold 1,798,831 shares of DIS stock on 05/10/2012 at the average price of 45.36. Sr. Exec VP and CFO James A Rasulo sold 150,000 shares of DIS stock in February. Director John E Pepper bought 1,000 shares of DIS stock on 11/18/2011 at the average price of 35. EVP-Corporate & Treasurer Christine M Mccarthy, Sr EVP, General Counsel & Secy Alan N Braverman, EVP-Corp Strat, Bus Dev & Tech Kevin A Mayer and EVP and Chief HR Officer Mary Jayne Parker sold 224,078 shares of DIS stock in May.

Lockheed Martin ( LMT ): Chairman and CEO Robert J Stevens sold 450,000 Shares

Chairman and CEO of Lockheed Martin ( LMT ) Robert J Stevens sold 450,000 shares on 05/07/2012 at an average price of $87.42. Lockheed Martin Corp. is a global enterprise principally engaged in the research, design, development, manufacture and integration of advanced-technology systems, products and services. Lockheed Martin has a market cap of $29.81 billion; its shares were traded at around $85.25 with a P/E ratio of 10.6 and P/S ratio of 0.6. The dividend yield of Lockheed Martin stocks is 4.4%. Lockheed Martin had an annual average earnings growth of 13.5% over the past 10 years. GuruFocus rated Lockheed Martin the business predictability rank of 4-star.

Revenues were $ 46.5 billion and net income was $2.7 billion in Lockheed Martin's 2011 annual report.

Chairman and CEO Robert J Stevens sold 450,000 shares of LMT stock on 05/07/2012 at the average price of 87.42. Executive Vice President Joanne M Maguire, Executive Vice President Linda R Gooden, and President & COO Christopher E Kubasik sold 144,000 shares of LMT stock oin December, February and May.

Incyte Corp ( INCY ): CEO Paul A Friedman sold 225,000 Shares

CEO of Incyte Corp ( INCY ) Paul A Friedman sold 225,000 shares on 05/07/2012 at an average price of $22.56. Incyte Corp is a drug discovery company that is using its expertise in genomics, medicinal chemistry and molecular, cellular and in vivo biology to discover and develop novel therapeutics. Incyte Corp has a market cap of $2.79 billion; its shares were traded at around $23.34 with and P/S ratio of 29.6.

Incyte Corp. announced revenues of $36.2 million and net loss of $45.4 million for their 2012 first quarter financial results.

CEO Paul A Friedman sold 225,000 shares of INCY stock on 05/07/2012 at the average price of 22.56. Director Paul A Brooke bought 50,000 shares of INCY stock on 01/19/2012 at the average price of 17.7.

Adobe Systems ( ADBE ): President and CEO Shantanu Narayen sold 200,000 Shares

President and CEO of Adobe Systems ( ADBE ) Shantanu Narayen sold 200,000 shares on 05/07/2012 at an average price of $33.88. Adobe Systems Incorporated is a provider of graphic design, publishing, and imaging software for Web and print production. Adobe Systems has a market cap of $16.43 billion; its shares were traded at around $32.21 with a P/E ratio of 18.7 and P/S ratio of 3.9.

Adobe Systems reported their 2012 first quarter financial results. The Company reported net income of $185.2 million and revenues of $1.045 billion.

President and CEO Shantanu Narayen sold 290,000 shares of ADBE stock in January and May. Co-Chairman of the Board John E Warnock, SVP, Digital Media BU David Wadhwani, SVP WW Field Operations Matthew Thompson, and SVP, Gen. Counsel & Secretary Karen O Cottle sold 252,485 shares of ADBE stock in March and April.

For the complete list of stocks that bought by their CEOs, go to: Insider Buys.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing

Referenced Stocks: ADBE , DIS , INCY , LMT

GuruFocus

GuruFocus

More from GuruFocus:

Related Videos

Can You Talk Sexy Money?
Can You Talk Sexy Money?            

Stocks

Referenced

Most Active by Volume

86,692,048
  • $16.82 ▼ 1.35%
66,073,054
  • $13.30 ▼ 6.27%
54,801,491
  • $14.59 ▼ 1.35%
54,305,010
  • $76.55 ▼ 3.15%
53,982,567
  • $3.42 ▼ 2.01%
53,146,472
  • $97.21 ▼ 1.60%
50,334,521
  • $99.18 ▼ 1.56%
44,049,276
  • $25.03 ▼ 0.56%
As of 10/1/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com