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Weekly CFO Sells Highlight

- By Myra Ramdenbourg

According to GuruFocus insider data, the recent chief financial officer sells included JPMorgan Chase & Co. (JPM), VMware Inc. (VMW) and Constellation Brands Inc. (STZ).

JPMorgan CFO sold 115,415 shares

CFO Marianne Lake sold 115,415 shares for $109.75 per share on April 15. Since then, the share price has risen 3.33%.


JPMorgan Chase has a market cap of $367.87 billion and its shares were traded around $113.40. The company has a price-earnings ratio of 12.24 and a price-sales ratio of 3.56. The trailing 12-month dividend yield is 2.62%, while the forward dividend is 2.82%.

The bank announced its first-quarter results with revenue and gross profit of $27.63 billion, while the net income was $9.18 billion. The 2018 total revenue and gross profit was $103.98 billion, a 10% increase from 2017. The net income was $32.47 billion.

Mary E. Erdoes, CEO of Asset and Wealth Management, sold 72,340 shares for $109.92 per share on April 15. Since then, the stock has gained 3.17%. Co-President and Chief Operating Officer Gordon Smith sold 41,395 shares for $109.99 per share on April 15. Since then, the shares have risen 3.1%. Director Mellody L. Hobson bought 1,700 shares for $114.26 per share on April 18. Since then, the share price has decreased 0.75%.

VMware CFO sold 48,630 shares

CFO and Executive Vice President Zane Rowe sold 48,630 shares for $183.25 per share on April 2. The stock has gained 6.49% since then.

VMware has a market cap of $80.1 billion and its shares were traded around $195.15. The company has a price-earnings ratio of 34.24 and a price-sales ratio of 8.99. Over the past 10 years, the company had an annual average earnings growth of 20.80%.

The company announced its first-quarter results with revenue of $2.59 billion and gross profit of $2.25 billion, while the net income was $502 million. The 2019 total revenue was $8.97 billion, a 13% increase from 2018. The gross profit was $7.72 billion, a 14% increase from the year prior. Net income was $2.42 billion.

Chief Operating Officer Sanjay Poonen sold 30,000 shares for $191.97 per share on April 15. Since then, the share price has increased by 1.66%. Senior Vice President P. Kevan Krysler sold 11,993 shares for $184.04 per share on April 4. Since then, the stock has gained 6.04%. Executive Vice President of Worldwide Sales and Services Maurizio Carli sold 27,647 shares for $183.11 per share on April 2. Since then, the shares have risen 6.58%.

Constellation Brands CFO sold 25,980 shares

Executive Vice President and CFO David Eric Klein sold 25,980 shares for $198.66 per share on April 18. Since then, the shares have risen 4.53%.

Constellation Brands has a market cap of $39.07 billion and its shares were traded around $207.65. The company has a price-earnings ratio of 11.81 and a price-sales ratio of 5. The trailing 12-month dividend yield is 1.43%, while the forward dividend yield is 1.46%. Over the past 10 years, the company had an annual average earnings growth of 24.80%.

The company announced its first-quarter results with revenue of $1.80 billion and gross profit of $898.10 million, while the net income was $1.24 billion. The 2019 total revenue was $8.12 billion, a 7% increase from 2018. The gross profit was $4.11 billion, a 7% increase from the year prior. The net income was $3.44 billion.

Executive Vice President and Chief HR Officer Thomas Michael Kane sold 3,071 shares for $190.08 per share on April 5. Since then, the stock has gained 9.24%.

Disclosure: None.

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This article first appeared on GuruFocus.