Weekly CFO Sells Highlight: AXP, CRAY, PLX, KMB, ITW, CATM, CAR

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May 07, 2012
According to GuruFocus Insider Data, the largest CFO sells during the past week were: American Express Co., Cray Inc., Protalix Biothr, Kimberly Clark, Ill Tool Works, Cardtronicks Inc. and Avis Budget Group.


American Express Co. (AXP, Financial): Executive Vice President and CFO Daniel T. Henry Sold 250,125 Shares


Executive Vice President and CFO of American Express Co (AXP) Daniel T. Henry sold 250,125 shares on 05/02/2012 at an average price of $60.62. American Express Company is primarily engaged in the business of providing travel related services, financial advisory services and international banking services throughout the world. American Express Co. has a market cap of $69.62 billion; its shares were traded at around $60.1 with a P/E ratio of 14.2 and P/S ratio of 2.4. The dividend yield of Amer Express Co. stocks is 1.3%.


American Express Company recently reported first quarter 2012 net income of $1.3 billion ($1.07 per diluted share) – up from the $1.2 billion ($0.97 per share) reported in the first quarter of 2011. Consolidated total revenues rose 8% to $7.6 billion, and effective tax rate was down to 29% from 32% in prior year quarter.


Executive Vice President and CFO Daniel T. Henry sold 250,125 shares of AXP stock on 05/02/2012 at the average price of $60.62. Daniel T. Henry owns at least 62,496 shares after this. The price of the stock has decreased by 0.86% since. Vice Chairman Edward P. Gilligan and Pres. Global Merchant Services Anre D. Williams both also sold shares of AXP stock.


Cray Inc. (CRAY, Financial): Executive Vice President and CFO Brian C. Henry Sold 234,461 Shares


Executive Executive Vice President Brian C. Henry sold 234,461 shares of CRAY stock on 05/03/2012 at the average price of $11.18. Brian C. Henry owns at least 470,985 shares after this. The price of the stock has decreased by 2.06% since.


Cray Inc., formerly Tera Computer Company, designs, builds and sells high-performance vector processor and general-purpose parallel computer systems. Cray Inc. has a market cap of $327.3 million; its shares were traded at around $10.95 with a P/E ratio of 15.4 and P/S ratio of 1.4. Cray Inc. had an annual average earnings growth of 6.3% over the past five years.


Cray Inc. reported first quarter 2012 revenues of $112.3 million compared to $39.9 million in the prior year quarter. Net income for the quarter was $5.0 million ($0.13 per diluted share), as compared to a net loss of $1.5 million ($0.04) last year. Total gross profit margin for this quarter was 40% compared to 43 prior year quarter.


Protalix Biothr (PLX, Financial): Vice President and CFO Yossi Maimon Sold 125,964 Shares


Vice President and CFO of Protalix Biothr (PLX) Yossi Maimon sold 125,964 shares on 05/02/2012 at an average price of $7.13. Orthodontix Inc. is engaged in the provision of practice management services to the Affiliated Practices pursuant to long-term Administrative Services Agreements with separately organized affiliated professional associations. Protalix Biothr has a market cap of $640.7 million; its shares were traded at around $6.87 with and P/S ratio of 216.5.


President and CEO David Aviezer sold 450,000 shares of PLX stock on 05/02/2012 at the average price of $7.13. Vice President and CFO Yossi Maimon sold 125,964 shares of PLX stock on 05/02/2012 at the average price of $7.13. The price of the stock has decreased by 3.65% since. Other insiders have sold shares of PLX stock as well.


Kimberly Clark (KMB, Financial): Senior Vice President and CFO Mark A. Buthman Sold 97,360 Shares


Senior Vice President and CFO of Kimberly Clark (KMB) Mark A. Buthman sold 97,360 shares on 05/01/2012 at an average price of $78.55. Kimberly-Clark Corporation is one of the consumer products companies. Kimberly Clark has a market cap of $31.09 billion; its shares were traded at around $78.29 with a P/E ratio of 15.9 and P/S ratio of 1.5. The dividend yield of Kimberly Clark stocks is 3.7%. Kimberly Clark had an annual average earnings growth of 5.4% over the past 10 years.


Kimberly Clark has released its first quarter 2012 results. The company saw first quarter net sales of $5.2 billion, an increase of 4% over prior year quarter. Diluted EPS was $1.18 compared to $0.86 prior year quarter. Cash flow from operations totaled $585 million compared to $250 in the year ago quarter.


Senior Vice President and CFO Mark A. Buthman sold 97,360 shares of KMB stock on 05/01/2012 at the average price of $78.55. Mark A. Buthman owns at least 96,742 shares after this. The price of the stock has decreased by 0.33% since. President, K-C Healthcare Joanne B. Bauer also sold shares of KMB stock.


Ill Tool Works (ITW, Financial): Senior Vice President and CFO Ronald D. Kropp Sold 69,933 Shares


Senior Vice President and CFO Ronald D. Kropp sold 69,933 shares of ITW stock on 04/27/2012 at the average price of $57.4. Ronald D. Kropp owns at least 10,046 shares after this. The price of the stock has decreased by 1.72% since.


Illinois Tool Works Inc. manufactures and markets a variety of products and systems that provide specific, problem-solving solutions for a diverse customer base worldwide. Illinois Tool Works has a market cap of $27.74 billion; its shares were traded at around $56.41 with a P/E ratio of 15 and P/S ratio of 1.6. The dividend yield of Illinois Tool Works stocks is 2.5%. Illinois Tool Works had an annual average earnings growth of 8.9% over the past 10 years. GuruFocus rated Illinois Tool Works the business predictability rank of 3-star.


Illinois Tool Works reported a first quarter 2012 drop in net income from $623 million ($1.24 per share) prior year, to $428 million ($1) this quarter; reflecting a 3% increase in outstanding shares. Income from continuing operations was $0.97 per share, compared to $0.88 per share prior year quarter. Revenue for the company increased 7% to $4.55 billion.


Cardtronics Inc. (CATM, Financial): CFO J. Chris Brewster Sold 68,164 Shares


CFO of Cardtronics Inc. (CATM) J. Chris Brewster sold 68,164 shares on 05/01/2012 at an average price of $28.22. Headquartered in Houston, Texas, Cardtronics is the world's largest owner/operator of ATMs with approximately 31,600 ATMs including approximately 2,000 ATMs in the U.S. Cardtronics Inc. has a market cap of $1.16 billion; its shares were traded at around $28.9 with a P/E ratio of 22.1 and P/S ratio of 1.9. Cardtronics Inc had an annual average earnings growth of 23.2% over the past five years.


Cardtronics Inc. recently announced first quarter 2012 consolidated revenues of $191 million, up by 38% from the same quarter last year. Adjusted EPS was $0.38, compared to $0.27 last year, and adjusted EBITDA was $44.5 million – compared to $33.5 million last year.


CFO J. Chris Brewster sold 68,164 shares of CATM stock on 05/01/2012 at the average price of $28.22. J. Chris Brewster owns at least 174,334 shares after this. The price of the stock has increased by 2.41% since. Managing Director Bank Machine Ronald Delnevo and President U.S. Business Group Rick Updyke also sold shares of CATM stock.


Avis Budget Group (CAR, Financial): Senior Executive Vice President and CFO David B. Wyshner Sold 60,000 Shares


Senior Executive Vice President and CFO of Avis Budget Grp (CAR) David B. Wyshner sold 60,000 shares on 05/02/2012 at an average price of $16.03. Avis Budget Group Inc. is a provider of vehicle rental services, with operations in more than seventy countries. Avis Budget Group has a market cap of $1.36 billion; its shares were traded at around $15.9 with a P/E ratio of 8 and P/S ratio of 0.2.


Senior Executive Vice President and CFO David B. Wyshner sold 60,000 shares of CAR stock on 05/02/2012 at the average price of $16.03. David B. Wyshner owns at least 98,416 shares after this. The price of the stock has decreased by 0.81% since. Executive Vice President and Chief Admin Officer Mark J. Servodidio sold 25,000 shares of CAR stock on 05/01/2012 at the average price of $14.62.


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