As United Technologies (UTX) Shares Declined, Holder Mercer Capital Advisers Lowered Its Stake by $381,000; Thompson Davis & Co Has Lowered Its Apple (AAPL) Holding by $532,688 as Market Value Declined

May 24, 2018 - By wolcottdaily

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Thompson Davis & Co decreased its stake in Apple Inc (AAPL) by 51.22% based on its latest 2017Q4 regulatory filing with the SEC. Thompson Davis & Co sold 3,152 shares as the company’s stock declined 3.81% with the market. The institutional investor held 3,002 shares of the computer manufacturing company at the end of 2017Q4, valued at $508,000, down from 6,154 at the end of the previous reported quarter. Thompson Davis & Co who had been investing in Apple Inc for a number of months, seems to be less bullish one the $924.62 billion market cap company. The stock decreased 0.13% or $0.2442 during the last trading session, reaching $188.1158. About 16.94 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 19.49% since May 24, 2017 and is uptrending. It has outperformed by 7.94% the S&P500.

Mercer Capital Advisers Inc decreased its stake in United Technologies Corp (UTX) by 67.31% based on its latest 2017Q4 regulatory filing with the SEC. Mercer Capital Advisers Inc sold 3,000 shares as the company’s stock declined 1.53% with the market. The institutional investor held 1,457 shares of the aerospace company at the end of 2017Q4, valued at $186,000, down from 4,457 at the end of the previous reported quarter. Mercer Capital Advisers Inc who had been investing in United Technologies Corp for a number of months, seems to be less bullish one the $101.82 billion market cap company. The stock decreased 0.25% or $0.32 during the last trading session, reaching $127.26. About 1.21M shares traded. United Technologies Corporation (NYSE:UTX) has risen 12.03% since May 24, 2017 and is uptrending. It has outperformed by 0.48% the S&P500.

Investors sentiment increased to 0.73 in 2017 Q4. Its up 0.03, from 0.7 in 2017Q3. It is positive, as 50 investors sold AAPL shares while 1023 reduced holdings. 151 funds opened positions while 637 raised stakes. 2.98 billion shares or 0.18% more from 2.97 billion shares in 2017Q3 were reported. Jacobs Levy Equity invested in 705,449 shares. 2.31M were reported by Pggm. Moreover, First Quadrant LP Ca has 2.6% invested in Apple Inc. (NASDAQ:AAPL) for 817,578 shares. First Commonwealth Financial Corporation Pa accumulated 41,327 shares. 4,268 were reported by Stelac Advisory Svcs Ltd. Rothschild Invest Il has 3.6% invested in Apple Inc. (NASDAQ:AAPL) for 196,032 shares. Mengis Capital Management Incorporated stated it has 4.44% in Apple Inc. (NASDAQ:AAPL). Us Fincl Bank De stated it has 1.95% in Apple Inc. (NASDAQ:AAPL). 1.70M were accumulated by Santa Barbara Asset Mngmt Llc. Blume Capital holds 6.4% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 73,855 shares. Signalpoint Asset Mgmt Ltd Limited Liability Company, Missouri-based fund reported 49,773 shares. Moreover, Bridgecreek Inv Mngmt Ltd has 3.63% invested in Apple Inc. (NASDAQ:AAPL). Sii Wi has invested 1.05% of its portfolio in Apple Inc. (NASDAQ:AAPL). Marshall Wace Ltd Liability Partnership reported 0.48% stake. Orca Investment Mgmt Ltd owns 23,239 shares or 3.44% of their US portfolio.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Seekingalpha.com which released: “Trading Mistake 8 (Apple): Poor Profit-Taking” on May 23, 2018, also Livetradingnews.com with their article: “Apple Inc. (NASDAQ:AAPL) Stock Overbought” published on May 24, 2018, Fool.com published: “Apple Is Slipping Further Away From This 5-Year-Old Prediction” on May 23, 2018. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Fool.com and their article: “Why Apple Is a Great Dividend Growth Stock” published on May 23, 2018 as well as Seekingalpha.com‘s news article titled: “Apple Ignores Tesla, Instead Partners With Volkswagen” with publication date: May 24, 2018.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on August, 7. They expect $2.19 EPS, up 31.14% or $0.52 from last year’s $1.67 per share. AAPL’s profit will be $10.76 billion for 21.47 P/E if the $2.19 EPS becomes a reality. After $2.73 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts -19.78% negative EPS growth.

Since December 7, 2017, it had 0 insider purchases, and 10 sales for $47.05 million activity. WILLIAMS JEFFREY E also sold $2.90 million worth of Apple Inc. (NASDAQ:AAPL) on Tuesday, May 8. Shares for $910,129 were sold by KONDO CHRIS. On Thursday, April 12 the insider Maestri Luca sold $6.83 million. LEVINSON ARTHUR D sold $6.51 million worth of stock. SCHILLER PHILIP W had sold 69,491 shares worth $11.56 million. The insider AHRENDTS ANGELA J sold 38,228 shares worth $6.75M.

Among 56 analysts covering Apple Inc. (NASDAQ:AAPL), 37 have Buy rating, 1 Sell and 18 Hold. Therefore 66% are positive. Apple Inc. had 416 analyst reports since July 21, 2015 according to SRatingsIntel. The company was downgraded on Thursday, October 27 by Hilliard Lyons. The firm has “Buy” rating given on Wednesday, October 28 by Susquehanna. On Wednesday, October 28 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Outperform” rating given on Wednesday, July 27 by Credit Suisse. On Friday, November 3 the stock rating was maintained by BMO Capital Markets with “Outperform”. UBS maintained Apple Inc. (NASDAQ:AAPL) rating on Wednesday, May 31. UBS has “Buy” rating and $17000 target. The firm earned “Overweight” rating on Thursday, October 13 by Pacific Crest. Brean Capital maintained the stock with “Buy” rating in Monday, April 4 report. Loop Capital maintained it with “Buy” rating and $200 target in Friday, November 3 report. The rating was maintained by Barclays Capital with “Equal-Weight” on Friday, March 16.

Investors sentiment decreased to 0.92 in Q4 2017. Its down 0.13, from 1.05 in 2017Q3. It is negative, as 58 investors sold UTX shares while 554 reduced holdings. 121 funds opened positions while 441 raised stakes. 624.06 million shares or 0.48% more from 621.08 million shares in 2017Q3 were reported. Pioneer Bancorp N A Or reported 34,895 shares stake. Murphy Capital Mgmt Inc stated it has 84,746 shares or 1.48% of all its holdings. Finemark Natl Retail Bank owns 0.8% invested in United Technologies Corporation (NYSE:UTX) for 98,614 shares. Alliancebernstein LP stated it has 1.25M shares or 0.11% of all its holdings. Pictet North America Advsr Sa owns 1,946 shares or 0.04% of their US portfolio. Starr Inc has 0.35% invested in United Technologies Corporation (NYSE:UTX). Highlander Cap Mngmt Limited Liability has 862 shares for 0.08% of their portfolio. Univest Of Pennsylvania owns 27,050 shares for 1.39% of their portfolio. Mackenzie Fincl Corp has invested 0.5% in United Technologies Corporation (NYSE:UTX). Headinvest Limited Liability Co invested 0.53% of its portfolio in United Technologies Corporation (NYSE:UTX). San Francisco Sentry Inv Grp Inc (Ca) holds 0.67% or 18,000 shares in its portfolio. Gamble Jones Inv Counsel holds 0.84% of its portfolio in United Technologies Corporation (NYSE:UTX) for 68,954 shares. Marathon Capital Mngmt holds 0.09% or 1,737 shares in its portfolio. Amundi Pioneer Asset Mgmt Inc owns 2.41M shares or 0.47% of their US portfolio. Moreno Evelyn V invested in 52,336 shares.

Among 22 analysts covering United Technologies Corporation (NYSE:UTX), 13 have Buy rating, 0 Sell and 9 Hold. Therefore 59% are positive. United Technologies Corporation had 86 analyst reports since July 21, 2015 according to SRatingsIntel. Stifel Nicolaus maintained United Technologies Corporation (NYSE:UTX) rating on Tuesday, April 3. Stifel Nicolaus has “Hold” rating and $13100 target. The rating was initiated by Liberum Capital with “Hold” on Tuesday, December 1. The stock of United Technologies Corporation (NYSE:UTX) earned “Buy” rating by Citigroup on Thursday, September 10. The company was downgraded on Monday, August 31 by Barclays Capital. The rating was maintained by RBC Capital Markets on Friday, August 11 with “Hold”. On Friday, November 10 the stock rating was maintained by RBC Capital Markets with “Hold”. On Friday, February 9 the stock rating was upgraded by Argus Research to “Buy”. S&P Research upgraded it to “Buy” rating and $134 target in Tuesday, July 21 report. On Monday, June 12 the stock rating was initiated by HSBC with “Hold”. The stock has “Buy” rating by RBC Capital Markets on Wednesday, January 3.

Another recent and important United Technologies Corporation (NYSE:UTX) news was published by Investorplace.com which published an article titled: “7 S&P 500 Companies Doing Right for Employees” on May 23, 2018.

Since December 13, 2017, it had 1 insider purchase, and 6 insider sales for $1.25 million activity. Amato Elizabeth B sold $546,600 worth of stock or 4,341 shares. MCDONOUGH ROBERT J sold $1.28 million worth of stock. The insider Reynolds Fredric G bought $1.09M.

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on July, 24. They expect $1.84 earnings per share, down 0.54% or $0.01 from last year’s $1.85 per share. UTX’s profit will be $1.47 billion for 17.29 P/E if the $1.84 EPS becomes a reality. After $1.77 actual earnings per share reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts 3.95% EPS growth.

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