Loews (L) Holder Parametrica Management LTD Has Lowered Its Holding; Everett Harris & Company Has Cut Nike Class B (NKE) Holding as Share Price Rose

June 22, 2018 - By Adrian Erickson

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Everett Harris & Company decreased its stake in Nike Inc Class B (NKE) by 5.84% based on its latest 2018Q1 regulatory filing with the SEC. Everett Harris & Company sold 64,477 shares as the company’s stock rose 3.73% while stock markets declined. The institutional investor held 1.04 million shares of the consumer non-durables company at the end of 2018Q1, valued at $69.13 million, down from 1.10 million at the end of the previous reported quarter. Everett Harris & Company who had been investing in Nike Inc Class B for a number of months, seems to be less bullish one the $118.14 billion market cap company. The stock decreased 0.87% or $0.64 during the last trading session, reaching $73.3. About 4.40M shares traded. NIKE, Inc. (NYSE:NKE) has risen 38.01% since June 22, 2017 and is uptrending. It has outperformed by 25.44% the S&P500. Some Historical NKE News: 09/05/2018 – The Columbian: 5 more managers out as Nike purge continues; 11/04/2018 – NKE: Golden State forward Kevin Durant plans to decline player option and become unrestricted free-agent to restructure contract, league sources tell ESPN. Story w/ @BobbyMarks42 breaking down the options; 15/03/2018 – NIKE INC – MARK PARKER WILL REMAIN AS CHAIRMAN, PRESIDENT AND CEO BEYOND 2020; 20/04/2018 – Business Journals: Exclusive: With 4 exec exits confirmed this week, Nike clears way for more diverse leadership…; 04/04/2018 – LIVE MARKETS-Plays on the trade war theme; 11/05/2018 – TIMELINE-Nike’s high-profile executive departures amid probe; 15/03/2018 – Nike, Inc. Announces That Mark Parker Will Continue as Chairman, President and CEO beyond 2020; 02/04/2018 – Nike also saw strong growth in its Jordan brand, sportswear and running divisions; 23/03/2018 – Nike Rides Out its #MeToo Moment; 16/04/2018 – Nike’s vice president of diversity and inclusion Antoine Andrews has left the company, Nike confirmed to CNBC

Parametrica Management Ltd decreased its stake in Loews Corp (L) by 57.03% based on its latest 2018Q1 regulatory filing with the SEC. Parametrica Management Ltd sold 6,551 shares as the company’s stock declined 1.97% with the market. The institutional investor held 4,936 shares of the property-casualty insurers company at the end of 2018Q1, valued at $246,000, down from 11,487 at the end of the previous reported quarter. Parametrica Management Ltd who had been investing in Loews Corp for a number of months, seems to be less bullish one the $15.63B market cap company. The stock increased 0.80% or $0.39 during the last trading session, reaching $48.96. About 263,302 shares traded. Loews Corporation (NYSE:L) has risen 6.37% since June 22, 2017 and is uptrending. It has underperformed by 6.20% the S&P500. Some Historical L News: 30/04/2018 – LOEWS SAYS BOARDWALK MLP REVIEW SPARKED BY FERC POLICY CHANGES; 09/04/2018 – CONSOLIDATED CONTAINER COMPANY SAYS HAS ACQUIRED ASSETS OF POLYCYCLE SOLUTIONS FROM DS SERVICES; 15/03/2018 – James S. Tisch Reports 5.1% Stake In Loews; 29/05/2018 – From London to Singapore, DigiValet Expands to Luxury Hotels in Major Cities Worldwide – U.S. Debut this Summer at the Loews/Universal Aventura Orlando; 08/05/2018 – LOEWS CORP L.N SETS QUARTERLY DIVIDEND OF $0.0625/SHR; 21/05/2018 – Bandera Partners Issues Public Letter to Board of Loews Corporation Regarding Boardwalk Pipeline Partners; 30/04/2018 – Loews 1Q EPS 89c; 21/05/2018 – Bandera Partners Issues Public Letter to Bd of Loews Corp Regarding Boardwalk Pipeline Partners; 06/03/2018 Loews Trading Activity Rises to Almost Quadruple 20 Day Average; 30/04/2018 – Loews 1Q Rev $3.58B

Investors sentiment decreased to 0.85 in 2018 Q1. Its down 0.32, from 1.17 in 2017Q4. It fall, as 38 investors sold L shares while 153 reduced holdings. 42 funds opened positions while 120 raised stakes. 196.26 million shares or 0.96% less from 198.15 million shares in 2017Q4 were reported. Retirement Of Alabama has invested 0.09% of its portfolio in Loews Corporation (NYSE:L). Legal And General Gru Public Ltd Liability holds 0.06% or 1.56 million shares in its portfolio. America First Advisors Llc reported 4.91% of its portfolio in Loews Corporation (NYSE:L). First Mercantile Trust Co owns 14,765 shares. Nomura Asset Management has 0.03% invested in Loews Corporation (NYSE:L) for 46,996 shares. Gideon Advisors invested in 11,357 shares. Asset Mgmt reported 0.04% of its portfolio in Loews Corporation (NYSE:L). Richard Bernstein Advisors Limited Co has 0.22% invested in Loews Corporation (NYSE:L) for 126,457 shares. First Republic Invest invested in 0.01% or 18,550 shares. Suntrust Banks invested 0.01% of its portfolio in Loews Corporation (NYSE:L). Riverhead Cap Management Limited Liability invested in 8,496 shares. Metropolitan Life Ins Co has invested 0% in Loews Corporation (NYSE:L). Benjamin F Edwards And Incorporated invested in 0% or 100 shares. Winslow Evans & Crocker has invested 0% in Loews Corporation (NYSE:L). Fmr Lc has 288,032 shares for 0% of their portfolio.

Since February 11, 2018, it had 0 insider purchases, and 12 selling transactions for $1.49 million activity. LASKAWY PHILIP A sold 274 shares worth $13,538. TISCH JONATHAN M sold $370,578 worth of Loews Corporation (NYSE:L) on Sunday, February 11. The insider TISCH ANDREW H sold $370,707. FRIBOURG PAUL J also sold $13,538 worth of Loews Corporation (NYSE:L) shares. DIKER CHARLES M sold $2,550 worth of stock. 7,800 Loews Corporation (NYSE:L) shares with value of $370,500 were sold by TISCH JAMES S.

Analysts await Loews Corporation (NYSE:L) to report earnings on July, 30. They expect $0.80 earnings per share, up 5.26% or $0.04 from last year’s $0.76 per share. L’s profit will be $255.46 million for 15.30 P/E if the $0.80 EPS becomes a reality. After $0.89 actual earnings per share reported by Loews Corporation for the previous quarter, Wall Street now forecasts -10.11% negative EPS growth.

Analysts await NIKE, Inc. (NYSE:NKE) to report earnings on June, 28 after the close. They expect $0.64 EPS, up 6.67% or $0.04 from last year’s $0.6 per share. NKE’s profit will be $1.03 billion for 28.63 P/E if the $0.64 EPS becomes a reality. After $0.68 actual EPS reported by NIKE, Inc. for the previous quarter, Wall Street now forecasts -5.88% negative EPS growth.

Since January 2, 2018, it had 0 buys, and 10 selling transactions for $56.97 million activity. $3.33M worth of NIKE, Inc. (NYSE:NKE) was sold by SPRUNK ERIC D. $1.28 million worth of NIKE, Inc. (NYSE:NKE) was sold by Matheson Monique S.. The insider EDWARDS TREVOR A sold $6.85M. PARKER MARK G sold $9.45 million worth of NIKE, Inc. (NYSE:NKE) on Tuesday, February 27.

Everett Harris & Company, which manages about $6.37B and $3.61B US Long portfolio, upped its stake in Vanguard Growth Vipers (VUG) by 3,648 shares to 19,658 shares, valued at $2.79 million in 2018Q1, according to the filing. It also increased its holding in Tjx Companies Inc. (NYSE:TJX) by 32,652 shares in the quarter, for a total of 616,105 shares, and has risen its stake in Pepsico Incorporated (NYSE:PEP).

Investors sentiment decreased to 0.65 in 2018 Q1. Its down 0.09, from 0.74 in 2017Q4. It turned negative, as 64 investors sold NKE shares while 515 reduced holdings. 100 funds opened positions while 277 raised stakes. 997.42 million shares or 1.70% less from 1.01 billion shares in 2017Q4 were reported. Becker Management holds 166,018 shares. Welch & Forbes Lc holds 11,537 shares or 0.02% of its portfolio. Manufacturers Life Ins The, a Ontario – Canada-based fund reported 1.84 million shares. 3,850 are owned by Pictet North America Advisors Sa. Stevens First Principles Inv Advsr holds 0.01% or 200 shares. Moreover, Bradley Foster & Sargent Incorporated Ct has 1.25% invested in NIKE, Inc. (NYSE:NKE). Crawford Invest Counsel reported 27,824 shares. Los Angeles Management And Equity invested 0% of its portfolio in NIKE, Inc. (NYSE:NKE). Moreover, Livforsakringsbolaget Skandia Omsesidigt has 0.01% invested in NIKE, Inc. (NYSE:NKE). Gvo Asset Mngmt Ltd has invested 4.02% in NIKE, Inc. (NYSE:NKE). Afam Cap holds 0.71% or 97,061 shares in its portfolio. First Manhattan Com owns 0.06% invested in NIKE, Inc. (NYSE:NKE) for 152,646 shares. Fulton Breakefield Broenniman Ltd Limited Liability Company invested 0.71% of its portfolio in NIKE, Inc. (NYSE:NKE). Cypress Capital Limited Liability Company (Wy) holds 6,626 shares. Manchester Capital Management Ltd reported 5,244 shares.

More notable recent NIKE, Inc. (NYSE:NKE) news were published by: Bizjournals.com which released: “Nike SoHo gets a ‘super cool’ remake (Photos)” on June 21, 2018, also Seekingalpha.com with their article: “Can Amazon Save Nike?” published on June 21, 2018, Seekingalpha.com published: “Dueling analysts on Nike” on June 21, 2018. More interesting news about NIKE, Inc. (NYSE:NKE) were released by: Fool.com and their article: “Better Buy: The Walt Disney Company vs. Nike” published on June 22, 2018 as well as Streetinsider.com‘s news article titled: “Nike (NKE) PT Raised to $64 at Susquehanna” with publication date: June 22, 2018.

Among 44 analysts covering Nike Inc. (NYSE:NKE), 25 have Buy rating, 2 Sell and 17 Hold. Therefore 57% are positive. Nike Inc. had 240 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, September 27 by Needham. The stock of NIKE, Inc. (NYSE:NKE) has “Buy” rating given on Monday, July 17 by Nomura. Wedbush initiated NIKE, Inc. (NYSE:NKE) rating on Wednesday, November 2. Wedbush has “Neutral” rating and $53 target. The rating was upgraded by Oppenheimer to “Buy” on Wednesday, January 31. The rating was maintained by Canaccord Genuity with “Hold” on Thursday, March 23. The rating was maintained by Cowen & Co with “Hold” on Thursday, October 26. The firm has “Hold” rating by Jefferies given on Wednesday, September 27. As per Wednesday, June 29, the company rating was maintained by Stifel Nicolaus. FBR Capital maintained the shares of NKE in report on Thursday, October 15 with “Mkt Perform” rating. J.P. Morgan downgraded the stock to “Hold” rating in Friday, June 16 report.

Loews Corporation (NYSE:L) Institutional Positions Chart

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