Weekly Top Insider Sells: SNI, APOL, CRM, BBBY, MKC

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Jul 11, 2011
According to GuruFocus Insider Data, these are the largest insider sells during the past week.


Scripps Networks Interactive (SNI, Financial): Director Nackey E. Scagliotti sold 6,430,027 Shares


Director of Scripps Networks Interactive (SNI) Nackey E. Scagliotti sold 6,430,027 shares on 06/30/2011 at an average price of $47.39.


Scripps Networks Interactive Inc. is the developer of lifestyle-oriented content for television and the Internet, where on-air programming is complemented with online video, social media areas and e-commerce components on companion Web sites and broadband vertical channels. Scripps Networks Interactive has a market cap of $6.34 billion; its shares were traded at around $47.39 with a P/E ratio of 19.1 and P/S ratio of 3.1. The dividend yield of Scripps Networks Interactive stocks is 0.8%.


On May 05, 2011 Scripps Networks Interactive Inc. reported operating results for the first quarter 2011. Consolidated revenues for the quarter increased 14 percent to $536 million from the prior-year period. Results for the three-month period ended March 31 reflect strong advertising revenue of $324 million, up 12 percent, and affiliate fee revenue of $145 million, up 6.3 percent year-over-year. The growth was driven by strong performance from the company's Lifestyle Media business segment, which includes HGTV, Food Network and Travel Channel.


SVP & Treasurer Mark F. Schuermann sold 1,413 shares of SNI stock on 03/04/2011 at the average price of 51.51. The price of the stock has decreased by 8% since.


Apollo Group Inc. (APOL, Financial): Exec Chairman of the Board John G. Sperling sold 465,000 Shares


Exec Chairman of the Board of Apollo Group Inc. (APOL) John G. Sperling sold 465,000 shares during the past week at an average price of $48.88.


Apollo Group Inc. has been providing higher education to working adults for over 25 years. Apollo Group Inc. has a market cap of $6.9 billion; its shares were traded at around $48.88 with a P/E ratio of 9.4 and P/S ratio of 1.3. Apollo Group Inc. had an annual average earnings growth of 23.8% over the past 10 years. GuruFocus rated Apollo Group Inc. the business predictability rank of 4-star.


On Jun 30, 2011 Apollo Group Inc. reported financial results for the three and nine months ended May 31, 2011. The Company reported income from continuing operations attributable to Apollo Group for the three months ended May 31, 2011, of $211.9 million, or $1.51 per share (140.3 million diluted weighted average shares outstanding), compared to income from continuing operations attributable to Apollo Group of $177.2 million, or $1.16 per share (152.3 million diluted weighted average shares outstanding) for the three months ended May 31, 2010.


Exec Chairman of the Board John G. Sperling sold 90,000 shares of APOL stock on 07/01/2011 at the average price of 46.83. John G. Sperling owns at least 12,973,694 shares after this. The price of the stock has increased by 4.38% since.


Salesforce.com Inc. (CRM, Financial): Director Craig Ramsey sold 90,000 Shares


Director of Salesforce.com Inc. (CRM) Craig Ramsey sold 90,000 shares on 06/30/2011 at an average price of $156.67.


Salesforce.com is the market and technology leader in on-demand business services. Salesforce.com Inc. has a market cap of $20.82 billion; its shares were traded at around $156.67 with a P/E ratio of 290.1 and P/S ratio of 12.5.


On May 19, 2011 Salesforce.com announced results for its fiscal first quarter ended April 30, 2011. Revenue: Total Q1 revenue was $504 million, an increase of 34% on a year-over-year basis. Subscription and support revenues were $474 million, an increase of 35% on a year-over-year basis. Professional services and other revenues were $31 million, an increase of 18% on a year-over-year basis. Earnings per Share: Q1 GAAP diluted earnings per share were breakeven, and non-GAAP diluted earnings per share decreased 7% year-over-year to $0.28.


Director Craig Ramsey sold 90,000 shares of CRM stock on 06/30/2011 at the average price of 147.11. Craig Ramsey owns at least 839,465 shares after this. The price of the stock has increased by 6.5% since.


Bed Bath & Beyond Inc. (BBBY, Financial): CFO and Treasurer Eugene A. Castagna sold 120,000 Shares


CFO and Treasurer of Bed Bath & Beyond Inc. (BBBY) Eugene A. Castagna sold 120,000 shares during the past week at an average price of $60.14.


Bed Bath & Beyond is a nationwide operator of "superstores" selling predominantly better quality domestics merchandise and home furnishings typically found in better department stores. Bed Bath & Beyond Inc. has a market cap of $14.98 billion; its shares were traded at around $60.14 with a P/E ratio of 18.3 and P/S ratio of 1.7. Bed Bath & Beyond Inc. had an annual average earnings growth of 13.1% over the past 10 years. GuruFocus rated Bed Bath & Beyond Inc. the business predictability rank of 3-star.


On June 22, 2011 Bed Bath & Beyond Inc. reported net earnings of $.72 per diluted share ($180.6 million) in the fiscal first quarter ended May 28, 2011, an increase of approximately 38% versus net earnings of $.52 per diluted share ($137.6 million) in the same quarter a year ago. Net sales for the fiscal first quarter of 2011 were approximately $2.110 billion, an increase of approximately 9.7% from net sales of approximately $1.923 billion reported in the fiscal first quarter of 2010. Comparable store sales in the fiscal first quarter of 2011 increased by approximately 7.0%, compared with an increase of approximately 8.4% in last year's fiscal first quarter.


Senior VP - Stores Matthew Fiorilli sold 6,600 shares of BBBY stock on 04/08/2011 at the average price of 54.37. Matthew Fiorilli owns at least 193,803 shares after this. The price of the stock has increased by 10.61% since.


McCormick & Co. Inc. (MKC, Financial): President - North American Mark T. Timbie sold 123,343 Shares


President - North American of McCormick & Co. Inc. (MKC) Mark T. Timbie sold 123,343 shares on 07/05/2011 at an average price of $49.1.


McCormick & Company, a diversified specialty food company, is a global leader in the manufacture, marketing and distribution of spices, herbs,seasonings, flavorings and other specialty food products to the entire food industry. McCormick & Co. Inc. has a market cap of $6.51 billion; its shares were traded at around $49.1 with a P/E ratio of 17.7 and P/S ratio of 2. The dividend yield of McCormick & Co. Inc. stocks is 2.3%.


On Jun 30, 2011, McCormick & Company Inc. reported strong increases in sales and profit for the second quarter of fiscal year 2011. The company adjusted its 2011 financial outlook to reflect the impact of recently announced agreements to acquire a leading flavor brand in Poland and a majority interest in a joint venture in India. McCormick's second quarter sales rose 11% and increased 8% in local currency


President - North American Mark T. Timbie sold 123,343 shares of MKC stock on 07/05/2011 at the average price of 49.66. Mark T. Timbie owns at least 629 shares after this. The price of the stock has decreased by 1.13% since.


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