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Harris Associates LP Position in Bank Amer (BAC) Has Lowered as Stock Price Declined; Stevens First Principles Investment Advisors Has Increased Its Stake in Textron (TXT) by $314,290

Stevens First Principles Investment Advisors increased its stake in Textron Inc (TXT) by 359.39% based on its latest 2017Q3 regulatory filing with the SEC. Stevens First Principles Investment Advisors bought 5,930 shares as the company’s stock declined 3.85% while stock markets rallied. The institutional investor held 7,580 shares of the aerospace company at the end of 2017Q3, valued at $408,000, up from 1,650 at the end of the previous reported quarter. Stevens First Principles Investment Advisors who had been investing in Textron Inc for a number of months, seems to be bullish on the $15.89 billion market cap company. The stock increased 1.09% or $0.65 during the last trading session, reaching $60.33. About 1.65 million shares traded or 17.89% up from the average. Textron Inc. (NYSE:TXT) has risen 23.87% since February 18, 2017 and is uptrending. It has outperformed by 7.17% the S&P500.

Harris Associates LP decreased its stake in Bank Amer Corp (BAC) by 1.03% based on its latest 2017Q3 regulatory filing with the SEC. Harris Associates LP sold 966,616 shares as the company’s stock declined 6.00% while stock markets rallied. The hedge fund held 92.68M shares of the major banks company at the end of 2017Q3, valued at $2.35B, down from 93.64 million at the end of the previous reported quarter. Harris Associates LP who had been investing in Bank Amer Corp for a number of months, seems to be less bullish one the $328.89B market cap company. The stock decreased 0.75% or $0.24 during the last trading session, reaching $31.97. About 62.14M shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since February 18, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Among 14 analysts covering Textron (NYSE:TXT), 10 have Buy rating, 1 Sell and 3 Hold. Therefore 71% are positive. Textron had 36 analyst reports since September 2, 2015 according to SRatingsIntel. Citigroup maintained Textron Inc. (NYSE:TXT) rating on Friday, October 20. Citigroup has “Buy” rating and $61 target. Wells Fargo maintained Textron Inc. (NYSE:TXT) rating on Friday, October 20. Wells Fargo has “Outperform” rating and $59 target. On Thursday, October 6 the stock rating was initiated by Robert W. Baird with “Outperform”. Jefferies maintained the stock with “Buy” rating in Tuesday, September 26 report. The firm earned “Buy” rating on Tuesday, January 16 by Wells Fargo. Drexel Hamilton downgraded the stock to “Hold” rating in Thursday, January 28 report. The rating was maintained by Credit Suisse on Thursday, May 25 with “Buy”. The stock of Textron Inc. (NYSE:TXT) has “Underweight” rating given on Thursday, August 17 by Morgan Stanley. Stephens maintained Textron Inc. (NYSE:TXT) rating on Thursday, January 11. Stephens has “Hold” rating and $65.0 target. Cowen & Co maintained Textron Inc. (NYSE:TXT) rating on Wednesday, October 11. Cowen & Co has “Buy” rating and $60.0 target.

Investors sentiment increased to 1.15 in Q3 2017. Its up 0.31, from 0.84 in 2017Q2. It is positive, as 21 investors sold TXT shares while 132 reduced holdings. 57 funds opened positions while 119 raised stakes. 214.52 million shares or 0.05% less from 214.62 million shares in 2017Q2 were reported. 38,559 were reported by Cibc World Mkts Corporation. Rampart Investment Mngmt Limited Liability Com reported 0.06% stake. Oppenheimer Asset Mgmt invested in 717 shares or 0% of the stock. The New York-based Rockefeller Fincl Services has invested 0% in Textron Inc. (NYSE:TXT). The Florida-based Raymond James Fincl has invested 0.01% in Textron Inc. (NYSE:TXT). Citadel Advsr Ltd Llc, Illinois-based fund reported 2.78 million shares. Acadian Asset Mngmt owns 661 shares. 234,812 are held by Brandywine Inv Ltd Llc. Dorsey Whitney Trust Limited Company owns 5,788 shares. Millennium Mgmt Limited Liability Com has 0.06% invested in Textron Inc. (NYSE:TXT) for 716,797 shares. Advantus Capital Mgmt accumulated 0.04% or 26,509 shares. Webster Comml Bank N A accumulated 4,573 shares. Lsv Asset accumulated 0.14% or 1.54M shares. Moreover, State Of New Jersey Common Pension Fund D has 0.02% invested in Textron Inc. (NYSE:TXT) for 110,000 shares. Capital Global Investors accumulated 18.62M shares or 0.3% of the stock.

Harris Associates L P, which manages about $59.29B US Long portfolio, upped its stake in Comcast Corp New (NASDAQ:CMCSA) by 480,570 shares to 10.33M shares, valued at $397.67M in 2017Q3, according to the filing. It also increased its holding in General Electric Co (NYSE:GE) by 31.29 million shares in the quarter, for a total of 87.95 million shares, and has risen its stake in Citigroup Inc (NYSE:C).

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