Trending Stock News

Apple (AAPL) Holder Pinnacle Financial Partners Decreased Stake by $1.75 Million; As Huntsman (HUN) Shares Rose, Leucadia National Has Increased Stake

Pinnacle Financial Partners Inc decreased its stake in Apple Inc (AAPL) by 11.5% based on its latest 2017Q3 regulatory filing with the SEC. Pinnacle Financial Partners Inc sold 11,381 shares as the company’s stock rose 12.78% with the market. The institutional investor held 87,548 shares of the computer manufacturing company at the end of 2017Q3, valued at $13.49M, down from 98,929 at the end of the previous reported quarter. Pinnacle Financial Partners Inc who had been investing in Apple Inc for a number of months, seems to be less bullish one the $871.97B market cap company. The stock decreased 0.34% or $0.58 during the last trading session, reaching $171.85. About 33.93 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since February 21, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Ian Cumming increased its stake in Huntsman Corp (HUN) by 63.84% based on its latest 2017Q3 regulatory filing with the SEC. Leucadia National Corp bought 421,775 shares as the company’s stock rose 25.16% with the market. The hedge fund run by Ian Cumming held 1.08M shares of the major chemicals company at the end of 2017Q3, valued at $29.68M, up from 660,625 at the end of the previous reported quarter. Leucadia National Corp who had been investing in Huntsman Corp for a number of months, seems to be bullish on the $7.95 billion market cap company. The stock increased 0.98% or $0.32 during the last trading session, reaching $33.11. About 2.01M shares traded. Huntsman Corporation (NYSE:HUN) has risen 91.88% since February 21, 2017 and is uptrending. It has outperformed by 75.18% the S&P500.

Investors sentiment increased to 0.7 in Q3 2017. Its up 0.02, from 0.68 in 2017Q2. It is positive, as 52 investors sold AAPL shares while 1034 reduced holdings. 116 funds opened positions while 640 raised stakes. 2.97 billion shares or 2.78% less from 3.06 billion shares in 2017Q2 were reported. Ny State Teachers Retirement Sys reported 3.41% stake. Saratoga Rech & Invest Mgmt accumulated 1,072 shares. Howe & Rusling holds 3.09% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 108,523 shares. Cap Counsel owns 183,156 shares. Guyasuta Inv Advisors holds 0.32% or 17,432 shares in its portfolio. Nippon Life Invsts Americas reported 239,743 shares or 3.15% of all its holdings. First Manhattan accumulated 3.40 million shares. Moreover, Noesis Capital Mangement has 1% invested in Apple Inc. (NASDAQ:AAPL) for 17,244 shares. Int Ltd Ca stated it has 1.31% of its portfolio in Apple Inc. (NASDAQ:AAPL). Ngam Advisors Lp holds 0.89% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 546,325 shares. Knott David M stated it has 25,050 shares. National Bank Of Hawaii has invested 1.51% in Apple Inc. (NASDAQ:AAPL). Boys Arnold & holds 2.5% or 101,980 shares in its portfolio. Wallace Capital Mgmt, a Texas-based fund reported 2,148 shares. Shufro Rose & Ltd Limited Liability Company holds 76,097 shares.

Since August 24, 2017, it had 0 insider buys, and 6 selling transactions for $27.32 million activity. Shares for $948,612 were sold by Srouji Johny. Another trade for 268,623 shares valued at $43.15 million was made by COOK TIMOTHY D on Thursday, August 24. 63,388 shares were sold by AHRENDTS ANGELA J, worth $9.78 million on Tuesday, October 3. 56,808 shares were sold by SCHILLER PHILIP W, worth $8.79 million.

Among 53 analysts covering Apple Inc. (NASDAQ:AAPL), 34 have Buy rating, 1 Sell and 18 Hold. Therefore 64% are positive. Apple Inc. had 378 analyst reports since July 21, 2015 according to SRatingsIntel. Bernstein maintained it with “Buy” rating and $195.0 target in Friday, November 3 report. As per Wednesday, August 2, the company rating was maintained by Nomura. The firm earned “Overweight” rating on Friday, November 3 by Morgan Stanley. As per Wednesday, August 2, the company rating was maintained by J.P. Morgan. The rating was maintained by Loop Capital on Wednesday, January 31 with “Buy”. The rating was maintained by Robert W. Baird with “Buy” on Wednesday, August 2. The company was upgraded on Wednesday, October 28 by Pacific Crest. The firm has “Buy” rating by Stifel Nicolaus given on Friday, September 11. The firm has “Buy” rating by Bank of America given on Monday, October 9. Piper Jaffray maintained Apple Inc. (NASDAQ:AAPL) rating on Tuesday, January 2. Piper Jaffray has “Buy” rating and $200.0 target.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on May, 1. They expect $2.72 earnings per share, up 29.52% or $0.62 from last year’s $2.1 per share. AAPL’s profit will be $13.80B for 15.80 P/E if the $2.72 EPS becomes a reality. After $3.89 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts -30.08% negative EPS growth.

Pinnacle Financial Partners Inc, which manages about $779.38 million US Long portfolio, upped its stake in Lockheed Martin Corp (NYSE:LMT) by 4,355 shares to 31,605 shares, valued at $9.81M in 2017Q3, according to the filing. It also increased its holding in S&P Global Inc by 2,476 shares in the quarter, for a total of 9,568 shares, and has risen its stake in Danaher Corp Del (NYSE:DHR).

Leave a Reply

Your email address will not be published. Required fields are marked *