Weekly CFO Sells Highlight: QCOM, TEA, ADBE, FNF, SPB, RTN

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Jan 07, 2013
According to GuruFocus Insider Data, the largest CFO sells during the past week were: Qualcomm Inc., Teavana Holdings Inc., Adobe Systems Inc., Fidelity National Financial Inc., Spectrum Brands Holdings Inc. and Raytheon Company.

Qualcomm Inc. (QCOM, Financial): Executive Vice President and CFO William E. Keitel Sold 159,073 Shares

Executive Vice President and CFO William E. Keitel sold 159,073 shares of QCOM stock on 01/03/2013 at the average price of $64.75. William E. Keitel owns at least 47,786 shares after this. The price of the stock has decreased by 1.85% since.

Qualcomm Incorporated (Qualcomm) in the state of Delaware, develops designs, manufactures and markets digital wireless telecommunications products and services. Qualcomm Inc. has a market cap of $108.21 billion; its shares were traded at around $63.55 with a P/E ratio of 19.7 and P/S ratio of 5.7. The dividend yield of Qualcomm Inc. stocks is 1.6%. Qualcomm Inc. had an annual average earnings growth of 17.3% over the past 10 years. GuruFocus rated Qualcomm Inc. the business predictability rank of 4-star.

Chairman and CEO Paul E. Jacobs sold 92,000 shares of QCOM stock on 01/02/2013 at the average price of $63.89. President Steven M. Mollenkopf, Executive Vice President James P. Lederer, and multiple other insiders all also sold shares of QCOM stock over the past week.

Teavana Holdings Inc (TEA, Financial): Executive Vice President, CFO Daniel P. Glennon Sold 142,786 Shares

Executive Vice President, CFO Daniel P. Glennon sold 142,786 shares of TEA stock on 12/31/2012 at the average price of $15.5.

Teavana Holdings Inc. was founded in 1997 and it was incorporated in the state of Delaware with a P/E ratio of 32.9 and P/S ratio of 3.5.

Teavana Holdings Inc. has released its third quarter 2012 results ended Oct. 28, 2012. For this quarter, net sales increased 38% year-over-year to $46 million. Comparable store sales increased by 0.4%, while net loss was $1.4 million ($0.03 per diluted share).

Chairman of the Board, CEO and 10% Owner Andrew Mack sold 21,510,960 shares of TEA stock on 12/31/2012 at the average price of $15.5.

Adobe Systems Inc. (ADBE, Financial): Executive Vice President, CFO and Assistant Secretary Mark Garrett Sold 121,324 Shares

Executive Vice President, CFO and Assistant Secretary Mark Garrett sold 121,324 shares of ADBE stock on 12/28/2012 at the average price of $37.14. Mark Garrett owns at least 101,535 shares after this. The price of the stock has increased by 2.42% since.

Adobe Systems Inc. was originally incorporated in California in October 1983 and was reincorporated in Delaware in May 1997. Adobe Systems Inc. has a market cap of $18.88 billion; its shares were traded at around $38.04 with a P/E ratio of 19.3 and P/S ratio of 4.2.

Adobe Systems Inc. reported fourth quarter 2012 net income of $222.3 million ($0.44 per share), compared to income of $173.7 million ($0.35 per share) in the prior year quarter. Revenue was flat at $1.15 billion compared to last year.

Director James E. Daley and Senior Vice President Bradley Rencher both also sold shares of ADBE stock recently.

Fidelity National Financial Inc. (FNF, Financial): Executive Vice President and CFO Anthony Park Sold 100,000 Shares

Executive Vice President and CFO Anthony Park sold 100,000 shares of FNF stock on 12/27/2012 at the average price of $23.93. Anthony Park owns at least 303,790 shares after this. The price of the stock has increased by 1.71% since.

Fidelity National Financial Inc. was incorporated in the State of Delaware. Fidelity National Financial Inc. has a market cap of $5.51 billion; its shares were traded at around $24.34 with a P/E ratio of 10.3 and P/S ratio of 1.1. The dividend yield of Fidelity National Financial Inc. stocks is 2.4%.

Fidelity National Financial Inc. has released its third quarter 2012 results ended September 30, 2012. For this quarter the company generated $2.03 billion in revenue compared to $1.20 billion in the year ago quarter. Net earnings were $233.3 million ($1.03 per share), compared to $74.3 million ($0.33 per share) prior year quarter. Cash flows from operations increased from $68.4 million last year to $184.5 million.

Spectrum Brands Holdings Inc. (SPB, Financial): Executive Vice President, CFO and CAO Anthony L. Genito Sold 78,000 Shares

Executive Vice President, CFO and CAO Anthony L. Genito sold 78,000 shares of SPB stock on 12/31/2012 at the average price of $44.5. Anthony L. Genito owns at least 60,412 shares after this. The price of the stock has increased by 5.75% since.

Spectrum Brands Holding, Inc. is a Delaware corporation and a newly formed holding company. Spectrum Brands Holdings Inc. has a market cap of $2.42 billion; its shares were traded at around $47.06 with a P/E ratio of 20.7 and P/S ratio of 0.8.

Spectrum Brands Holdings Inc. reported fourth quarter net income of $48.6 million ($0.91 per share), and net sales of $3.25 billion. This compares to a net loss of $75.2 million and sales of $3.19 billion in the same quarter of last year. Operating income increased 32.4 % from prior year quarter to $301.8 million.

Raytheon Company (RTN, Financial): Senior Vice President and CFO David C. Wajsgras Sold 52,000 Shares

Senior Vice President and CFO David C. Wajsgras sold 52,000 shares of RTN stock on 12/27/2012 at the average price of $57.43. David C. Wajsgras owns at least 115,068 shares after this. The price of the stock has increased by 2.75% since.

Raytheon Company was founded in 1922 and is incorporated in the state of Delaware. Raytheon Company has a market cap of $19.47 billion; its shares were traded at around $59.01 with a P/E ratio of 9.4 and P/S ratio of 0.8. The dividend yield of Raytheon Company stocks is 3.5%. Raytheon Company had an annual average earnings growth of 9% over the past 10 years. GuruFocus rated Raytheon Company the business predictability rank of 2-star.

Raytheon Company reported third quarter 2012 adjusted EPS of $1.60, compared to $1.39 in the year ago quarter.

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