Weekly CEO Sells Highlight: Geospace Technologies, Time Warner, Liberty Property Trust and McKesson

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Feb 18, 2013
According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Geospace Technologies Corp., Time Warner Inc., Liberty Property Trust and McKesson Inc.

Geospace Technologies Corp (GEOS, Financial): President and CEO Gary D. Owens Sold 237,760 Shares

President and CEO of Geospace Technologies Corp (GEOS) Gary D. Owens sold 237,760 shares on 02/12/2013 at an average price of $103.05. Geospace Technologies Corp designs and manufactures instruments and equipment used by the oil and gas industry in the acquisition and processing of seismic data as well as in reservoir characterization and monitoring activities. Geospace Technologies Corp has a market cap of $1.34 billion; its shares were traded at around $103.35 with a P/E ratio of 55.2 and P/S ratio of 11.8. Geospace Technologies Corp had an annual average earnings growth of 37.7% over the past 10 years.

Geospace Technologies Corp. reported net income of $22.0 million and revenue of $77.8 million for their fiscal year 2013 first quarter.

President and CEO Gary D. Owens sold 255,260 shares of GEOS stock in September and February. CFO and Secretary Thomas T. McEntire sold 25,000 shares of GEOS stock on 02/12/2013 at the average price of $106.79. Senior Vice President and Chief Technical Officer Michael J. Sheen and Vice President HR Lacey Rice sold 88,032 shares of GEOS stock in September, October and December.

Time Warner Inc. (TWX, Financial): Chairman of the Board and CEO Jeffrey L. Bewkes Sold 308,947 Shares

Chairman of the Board and CEO of Time Warner Inc. (TWX) Jeffrey L. Bewkes sold 308,947 shares during the past week at an average price of $52.39. Time Warner Inc. is a media and entertainment company. Time Warner Inc. has a market cap of $50.69 billion; its shares were traded at around $53.52 with a P/E ratio of 20.1 and P/S ratio of 1.8. The dividend yield of Time Warner Inc. stocks is 1.9%.

Time Warner Inc. reported their 2012 full year company results. The company reported revenues of $28.7 billion and net income of $3.0 billion.

Chairman of the Board and CEO Jeffrey L. Bewkes sold 308,947 shares of TWX stock in February. Director Kenneth J. Novack sold 32,307 shares of TWX stock on 12/14/2012 at the average price of $46.68.

Liberty Property Trust (LRY, Financial): Chairman, President and CEO William P. Hankowsky Sold 169,667 Shares

Chairman, President and CEO of Liberty Property Trust (LRY) William P. Hankowsky sold 169,667 shares on 02/12/2013 at an average price of $39.47. Liberty Property Trust is a self-administered and self-managed Maryland real estate investment trust. Liberty Property Trust has a market cap of $4.68 billion; its shares were traded at around $39.54 with a P/E ratio of 38.5 and P/S ratio of 6.8. The dividend yield of Liberty Property Trust stocks is 4.8%.

Liberty Property Trust reported net income of $147.8 million and total operating revenue of $685.6 million for the company’s 2012 annual results.

Chairman, President and CEO William P. Hankowsky sold 305,222 shares of LRY stock in October, December and February. Executive Vice President and CFO George J. Alburger Jr. sold 71,035 shares of LRY stock in October, December and February. Director David L. Lingerfelt and Executive Vice President and COO Robert E. Fenza sold 148,536 shares of LRY stock in October, January and February.

McKesson Inc. (MCK, Financial): Chairman, President and CEO John H. Hammergren sold 150,000 Shares

Chairman, President and CEO of McKesson Inc. (MCK) John H. Hammergren sold 150,000 shares on 02/13/2013 at an average price of $105.03. McKesson Corporation is a Delaware Corporation. The company delivers medicines, pharmaceutical supplies, information and care management products and services designed to reduce costs and improve quality across the healthcare industry. Mckesson Inc. has a market cap of $24.06 billion; its shares were traded at around $103.42 with a P/E ratio of 15.6 and P/S ratio of 0.2. The dividend yield of McKesson Inc. stocks is 0.8%. McKesson Inc. had an annual average earnings growth of 22.4% over the past 10 years.

Revenue was $31.2 billion and net income was $298 million for McKesson Inc.’s fiscal 2013 third quarter.

Chairman, President and CEO John H. Hammergren sold 150,000 shares of MCK stock on 02/13/2013 at the average price of $105.03. Executive Vice President Human Resources Jorge Figueredo, Executive Vice President GC and Chief Compliance Officer Laureen Seeger, Executive Vice President Corp Strategy and Business Development Brian Scott Tyler and Director Marie L/ca Knowles sold 55,369 shares of MCK stock in December and January.

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