Weekly CFO Sells Highlight: CMCSA, MM, PIR, VAR, SPRT

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Nov 04, 2012
According to GuruFocus Insider Data, the largest CFO sells during the past week were: Comcast Corp. (CMCSA, Financial), Millennial Media Inc. (MM, Financial), Pier 1 Imports Inc.(PIR, Financial), Varian Medical Systems Inc.(VAR, Financial), and Support.com Inc. (SPRT, Financial).

Comcast Corp. (CMCSA): Vice Chairman and CFO Michael J. Angelakis Sold 134,170 Shares

Vice chairman and CFO Michael J. Angelakis sold 134,170 shares of CMCSA stock on 11/01/2012 at the average price of $37.74. Angelakis owns at least 276,695 shares after this. The price of the stock has decreased by 0.34% since.

Comcast Corp., among the world's largest communication companies, provides basic cable, digital cable and high speed internet services that connect people to what's important in their lives. Comcast has a market cap of $100.52 billion; its shares were traded at $37.61 with a P/E ratio of 20 and a P/S ratio of 1.8. The dividend yield of Comcast stocks is 1.7%. Comcast had an annual average earnings growth of 17.1% over the past 10 years. GuruFocus rated Comcast the business predictability rank of 4 stars.

Comcast recently released its third quarter 2012 results. For this quarter ended 9/30/2012, Comcast saw year-over-year revenue increase of 15.4% to $16.5 billion. EPS for the quarter was $0.78, a 136.4% increase over prior year quarter, and free cash flow increased 8.8% to $1.5 billion. Also during this quarter, Comcast repurchased 74.6 million shares of its common stock for $2.25 billion.

Director Sheldon M. Bonovitz sold 20,884 shares of CMCSA stock on 11/01/2012 at the average price of 36.85. Founder and chairman emeritus Ralph J. Roberts sold 85,479 shares of CMCSA stock on 10/31/2012 at the average price of 37.19.

Millennial Media Inc. (MM): Executive Vice President and CFO Michael B. Avon Sold 118,349 Shares

Executive vice president and CFO Michael B. Avon sold 118,349 shares of MM stock on 10/29/2012 at the average price of $13.44. Avon owns at least 57,307 shares after this. The price of the stock has increased by 13.69% since.

Millenial Media Inc. is an independent mobile advertising platform company, aiding app developers and mobile website publishers to maximize their advertising revenue, acquire users for their apps and gain insight about their users. Millennial Media has a market cap of $1.25 billion; its shares were traded at around $15.28 with a P/S ratio of 12.1.

Millennial Media has reported its preliminary third quarter 2012 results. For this quarter ended 9/30/2012, Millennial expects revenue in the range of $46.5 million to $47 million. Net loss is expected to be in the range of $1.9 million to $2.4 million.

President and CEO, 10% Owner Paul J. Palmieri sold 1,100,862 shares of MM stock on 10/29/2012 at the average price of 13.44. Multiple other insiders also sold shares of MM stock over the past week.

Pier 1 Imports Inc. (PIR): Senior Executive Vice President and CFO Charles H. Turner Sold 72,000 Shares

Senior Executive Vice President and CFO Charles H. Turner sold 72,000 shares of PIR stock on 11/01/2012 at the average price of $20.82. Turner owns at least 259,944 shares after this. The price of the stock has decreased by 0.77% since.

Pier 1 Imports consists of a chain of retail stores operating under the names "Pier 1 Imports" and "The Pier," selling a wide variety of furniture, decorative home furnishings, dining and kitchen goods, accessories and other specialty items for the home. Pier 1 Imports has a market cap of $2.18 billion; its shares were traded at $20.66 with a P/E ratio of 19.6 and a P/S ratio of 1.4. The dividend yield of Pier 1 Imports stocks is 0.8%.

Pier 1 Imports Inc. has released its second quarter 2012 results ended 8/25/2012. Comparable store sales grew 6.7% over prior year quarter, with total sales increasing 8.3% to $368 million. GAAP EPS was $0.24, versus $0.14 in the same quarter of 2011.

Executive Vice President - Stores Sharon M. Leite sold 75,000 shares of PIR stock on 10/22/2012 at the average price of 20.19.

Varian Medical Systems, Inc. (VAR): Executive Vice President and CFO Elisha W. Finney Sold 41,360 Shares

Executive Vice President and CFO Elisha W. Finney sold 41,360 shares of VAR stock on 11/01/2012 at the average price of $7.06. Finney owns at least 44,561 shares after this. The price of the stock has increased by 4.61% since.

Varian Medical Systems, Inc., of Palo Alto, California is the world's supplier of equipment and software for treating cancer. Varian Medical Systems, Inc. has a market cap of $7.41 billion; its shares were traded at around $70.15 with a P/E ratio of 17.7 and a P/S ratio of 2.6. Varian Medical Systems, Inc. had an annual average earnings growth of 17.9% over the past 10 years. GuruFocus rated Varian Medical Systems, Inc. the business predictability rank of 4.5 stars.

Varian Medical Systems recently released its fourth quarter 2012 results ended 10/25/2012. Net earnings from continuing operations were $1.08 per diluted share in the quarter, compared to $0.95 prior year quarter. Revenues for this quarter were $756 million, up 5% from last year.

President and CEO Dow R. Wilson sold 10,000 shares of VAR stock on 11/01/2012 at the average price of $67.02. Senior vice president and president of oncology systems Kolleen T. Kennedy and multiple other Insiders also sold shares of VAR stock.

Support.com, Inc. (SPRT): Executive Vice President and CFO Shelly B. Schaffer Sold 70,000 Shares

Executive Vice President and CFO of Support.com, Inc. (SPRT) Shelly B. Schaffer sold 70,000 shares during the past week at an average price of $4.58.

Support.com, formerly SupportSoft Inc., provides instant technology relief to consumers and small businesses directly via channel partners. Support.com has a market cap of $231.1 million; its shares were traded at around $4.61 with and a P/S ratio of 4.3. Support.com had an annual average earnings growth of 1.1% over the past five years.

Support.com reported third quarter 2013 revenues of $18.2 million and GAAP income from continuing operations of $298,000 ($0.01 per share). Non-GAAP income was $1.8 million ($0.04 per share).

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