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Shayne & Co Cut Holding in Sysco (SYY) as Stock Rose; As Douglas Emmett (DEI) Market Value Declined, Resolution Capital LTD Has Upped Stake by $1.04 Million

Shayne & Co decreased its stake in Sysco Corp (SYY) by 2.67% based on its latest 2017Q3 regulatory filing with the SEC. Shayne & Co sold 9,780 shares as the company’s stock rose 4.26% with the market. The institutional investor held 356,543 shares of the food distributors company at the end of 2017Q3, valued at $19.24 million, down from 366,323 at the end of the previous reported quarter. Shayne & Co who had been investing in Sysco Corp for a number of months, seems to be less bullish one the $32.94 billion market cap company. The stock increased 1.59% or $0.99 during the last trading session, reaching $63.21. About 2.30 million shares traded. Sysco Corporation (NYSE:SYY) has risen 11.23% since January 21, 2017 and is uptrending. It has underperformed by 5.47% the S&P500.

Resolution Capital Ltd increased its stake in Douglas Emmett Inc (DEI) by 1.34% based on its latest 2017Q3 regulatory filing with the SEC. Resolution Capital Ltd bought 26,682 shares as the company’s stock declined 2.71% while stock markets rallied. The institutional investor held 2.02 million shares of the consumer services company at the end of 2017Q3, valued at $79.56M, up from 1.99 million at the end of the previous reported quarter. Resolution Capital Ltd who had been investing in Douglas Emmett Inc for a number of months, seems to be bullish on the $7.49 billion market cap company. The stock increased 0.26% or $0.1 during the last trading session, reaching $38.56. About 480,164 shares traded. Douglas Emmett, Inc. (NYSE:DEI) has risen 18.46% since January 21, 2017 and is uptrending. It has outperformed by 1.76% the S&P500.

Since September 21, 2017, it had 0 buys, and 1 sale for $3.90 million activity.

Investors sentiment decreased to 1.8 in Q3 2017. Its down 0.11, from 1.91 in 2017Q2. It dropped, as 20 investors sold DEI shares while 51 reduced holdings. 28 funds opened positions while 100 raised stakes. 158.93 million shares or 3.33% more from 153.81 million shares in 2017Q2 were reported. The Florida-based Voloridge Ltd Liability Corporation has invested 0.03% in Douglas Emmett, Inc. (NYSE:DEI). State Street Corporation stated it has 6.60 million shares. 10,121 were accumulated by Natixis. Balyasny Asset Ltd reported 0.19% stake. Thompson Davis And reported 105 shares. Barclays Public Ltd Com holds 128,338 shares or 0.01% of its portfolio. New York-based Rafferty Asset Management Ltd Liability Co has invested 0.02% in Douglas Emmett, Inc. (NYSE:DEI). 729,189 were accumulated by Sei Invs Co. Prudential Fin stated it has 117,718 shares or 0.01% of all its holdings. Cwm Limited Liability has 407 shares for 0% of their portfolio. Chilton Cap Lc reported 240,743 shares stake. Wellington Group Llp accumulated 1.75M shares or 0.02% of the stock. Parametric Portfolio Ltd Liability holds 0.01% of its portfolio in Douglas Emmett, Inc. (NYSE:DEI) for 150,031 shares. Blackrock Inc reported 17.36M shares stake. Tarbox Family Office holds 52 shares or 0% of its portfolio.

Resolution Capital Ltd, which manages about $2.93 billion and $2.17 billion US Long portfolio, decreased its stake in Kilroy Rlty Corp (NYSE:KRC) by 153,111 shares to 1.99M shares, valued at $141.38 million in 2017Q3, according to the filing. It also reduced its holding in Equity Lifestyle Pptys Inc (NYSE:ELS) by 231,257 shares in the quarter, leaving it with 1.11 million shares, and cut its stake in American Campus Cmntys Inc (NYSE:ACC).

Among 16 analysts covering Douglas Emmett (NYSE:DEI), 5 have Buy rating, 2 Sell and 9 Hold. Therefore 31% are positive. Douglas Emmett had 49 analyst reports since August 6, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained the shares of DEI in report on Friday, September 22 with “Hold” rating. The company was downgraded on Wednesday, August 26 by Zacks. As per Monday, July 3, the company rating was maintained by BMO Capital Markets. The firm has “Hold” rating given on Monday, August 31 by Zacks. Barclays Capital maintained it with “Underweight” rating and $33 target in Tuesday, July 19 report. The firm has “Underweight” rating given on Monday, August 29 by Barclays Capital. DA Davidson downgraded the stock to “Neutral” rating in Thursday, May 18 report. Zacks upgraded the shares of DEI in report on Monday, September 21 to “Buy” rating. The firm earned “Buy” rating on Tuesday, August 18 by Zacks. On Wednesday, March 23 the stock rating was maintained by Barclays Capital with “Underweight”.

Shayne & Co, which manages about $210.22 million and $132.37M US Long portfolio, upped its stake in Wells Fargo Co New (NYSE:WFC) by 12,600 shares to 16,231 shares, valued at $895,000 in 2017Q3, according to the filing.

Since August 23, 2017, it had 2 insider purchases, and 18 selling transactions for $25.54 million activity. The insider PELTZ NELSON sold 372,314 shares worth $19.77M. $4.92M worth of stock was sold by Bertrand Greg D on Wednesday, January 10. Goetz William W had sold 16,345 shares worth $993,122. Another trade for 15,600 shares valued at $959,712 was sold by Shurts Wayne. The insider Frank Joshua D. bought $47.75M. 13,334 shares were sold by Libby Russell T., worth $809,240 on Tuesday, January 2.

Analysts await Sysco Corporation (NYSE:SYY) to report earnings on February, 5. They expect $0.65 earnings per share, up 12.07% or $0.07 from last year’s $0.58 per share. SYY’s profit will be $338.69 million for 24.31 P/E if the $0.65 EPS becomes a reality. After $0.74 actual earnings per share reported by Sysco Corporation for the previous quarter, Wall Street now forecasts -12.16% negative EPS growth.

Among 19 analysts covering Sysco Corporation (NYSE:SYY), 10 have Buy rating, 0 Sell and 9 Hold. Therefore 53% are positive. Sysco Corporation had 49 analyst reports since August 6, 2015 according to SRatingsIntel. The company was upgraded on Friday, May 5 by BMO Capital Markets. The stock has “Hold” rating by Jefferies on Tuesday, June 20. As per Tuesday, December 15, the company rating was initiated by Goldman Sachs. The rating was upgraded by Bank of America on Tuesday, November 8 to “Buy”. The firm has “Outperform” rating by Credit Suisse given on Monday, February 6. On Friday, December 9 the stock rating was upgraded by Goldman Sachs to “Neutral”. The firm earned “Underweight” rating on Friday, September 23 by Barclays Capital. The stock of Sysco Corporation (NYSE:SYY) has “Buy” rating given on Tuesday, June 27 by BMO Capital Markets. As per Tuesday, January 16, the company rating was upgraded by Morgan Stanley. Goldman Sachs maintained the shares of SYY in report on Tuesday, May 3 with “Sell” rating.

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