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Weekly CFO Sells Highlight: BK, MDCO, EBAY, MS, PHMD

Posted
1/27/2013 3:18:00 PM
By: GuruFocus
Referenced Stocks:BK;EBAY;MDCO;MS;PHMD

According to GuruFocus Insider Data , the largest CFO sells during the past week were: Bank of New York Mellon Corp, Medicines, eBay Inc, Morgan Stanley, and PhotoMedex Inc.

Bank of New York Mellon Corp. ( BK ): Vice Chairman and CFO Thomas P. Gibbons Sold 141,510 Shares

Vice Chairman and CFO Thomas P. Gibbons sold 141,510 shares of BK stock on 01/22/2013 at the average price of $26.38. Gibbons owns at least 424,715 shares after this. The price of the stock has increased by 2.65% since.

Bank of New York Mellon Corp. was originally formed as a holding company for The Bank of New York Mellon. Bank Of New York Mellon Corp. has a market cap of $31.76 billion; its shares were traded at around $27.08 with a P/E ratio of 14 and P/S ratio of 2.2. The dividend yield of Bank Of New York Mellon Corp stocks is 1.9%.

Bank of New York Mellon Corp. recently released its fourth quarter 2012 earnings results. For this quarter, the company generated net income of $622 million ($0.53 per diluted share), compared with $505 million ($0.42 per share) in the same quarter of last year. The company also saw a 10% increase in assets year-over-year.

Chairman, President and CEO Gerald L. Hassell sold 353,775 shares of BK stock on 01/22/2013 at the average price of $26.38. Sr. Executive Vice President Kurt D. Woetzel and multiple other insiders also recently sold shares of BK stock.


The Medicines Company ( MDCO ): President and CFO Glenn Sblendorio Sold 125,000 Shares

President and CFO Glenn Sblendorio sold 125,000 shares of MDCO stock on 01/16/2013 at the average price of $30. Glenn Sblendorio owns at least 97,282 shares after this. The price of the stock has increased by 1.13% since.

Medicines reported third quarter 2012 net revenues of $136.8 million, a 13.3% increase over prior year quarter. GAAP net income for this quarter was $9.3 million ($0.17 per share), compared to income of $72.6 million ($1.34 per share) in the same quarter of 2011. Non-GAAP income was $21.8 million ($0.40 per share), compared to $9.2 million ($0.17 per share) prior year quarter.

Medicines was incorporated in Delaware on July 31, 1996. Medicines has a market cap of $1.64 billion; its shares were traded at around $30.34 with a P/E ratio of 33.5 and P/S ratio of 3.2.

CEO Clive Meanwell, Director Robert G. Savage, and Chief Accounting Officer William Bernard O'Connor all sold shares of MDCO stock on 01/16/2013.


eBay Inc. ( EBAY ): Senior Vice President, Finance and CFO Robert Holmes Swan Sold 100,000 Shares

Senior Vice President, Finance and CFO Robert Holmes Swan sold 100,000 shares of eBAY stock on 01/22/2013 at the average price of $53.66. Robert Holmes Swan owns at least 308,803 shares after this. The price of the stock has increased by 5.35% since.

EBay Inc. was formed as a sole proprietorship in September 1995 and was incorporated in California in May 1996. Ebay Inc has a market cap of $73.47 billion; its shares were traded at around $56.53 with a P/E ratio of 19.4 and P/S ratio of 5.5. Ebay Inc. had an annual average earnings growth of 19.9% over the past 10 years. GuruFocus rated Ebay Inc the business predictability rank of 3-star.

eBay Inc. recently reported fourth quarter 2012 net revenue of $4.0 billion, a 18% increase over prior year quarter. GAAP net income was $751 million ($0.57 per diluted share), and non-GAAP net income was $927 million ($0.70 per share).

President and CEO John J. Donahoe sold 250,000 shares of EBAY stock on 01/22/2013 at the average price of $53.61. Senior Vice President Mark T. Carges, and Senior Vice President Alan Lee Marks both also sold shares of eBAY stock over the past week.

Morgan Stanley ( MS ): Deputy CFO and Controller Paul C. Wirth Sold 38,771 Shares

Deputy CFO and Controller Paul C. Wirth sold 38,771 shares of MS stock on 01/22/2013 at the average price of $22.05. Wirth owns at least 232,836 shares after this. The price of the stock has increased by 2.95% since.

Morgan Stanley was originally incorporated under the laws of the State of Delaware in 1981. Morgan Stanley has a market cap of $44.98 billion; its shares were traded at around $22.7 with a P/E ratio of 18.8 and P/S ratio of 1.7. The dividend yield of Morgan Stanley stocks is 0.9%. Morgan Stanley had an annual average earnings growth of 10% over the past five years.

Morgan Stanley reported fourth quarter 2012 net revenues of $7 billion and income from operations of $573 million ($0.28 per diluted share). This compares to revenues of $5.7 billion and net loss of $222 million ($0.13 per share) in the same quarter of last year. Fourth quarter 2012 income included a net tax benefit of $155 million. Net income including discontinued operations was $0.25 per diluted share, compared to a loss of $0.15 per share last year.

Chief Risk Officer Keishi Hotsuki and President Thomas Colm Kelleher also sold shares of MS stock.

PhotoMedex Inc. ( PHMD ): President and CFO Dennis M. Mcgrath Sold 33,596 Shares

President and CFO Dennis M. Mcgrath sold 33,596 shares of PHMD stock on 01/22/2013 at the average price of $15.21. Mcgrath owns at least 200,261 shares after this. The price of the stock has decreased by 1.45% since.

PhotoMedex Inc. is a Nevada corporation incorporated in 2010. Photomedex, Inc. has a market cap of $323 million; its shares were traded at around $14.99 with a P/E ratio of 20.3 and P/S ratio of 1.4.

PhotoMedex Inc. saw third quarter 2012 revenues of $56.7 million, an increase of 63% over prior year quarter. Net income was $ 7.5 million, an increase of 77% over last year.

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

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