Provident Trust Co Lowered Its Accenture Plc (ACN) Holding by $2.34 Million; Stock Declined; Guinness Atkinson Asset Management Decreased Its Position in Qualcomm (QCOM) by $5.21 Million

February 12, 2018 - By Adrian Mccoy

Guinness Atkinson Asset Management Inc decreased its stake in Qualcomm Inc (QCOM) by 66.33% based on its latest 2017Q3 regulatory filing with the SEC. Guinness Atkinson Asset Management Inc sold 102,230 shares as the company’s stock rose 2.14% with the market. The institutional investor held 51,900 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q3, valued at $2.69 million, down from 154,130 at the end of the previous reported quarter. Guinness Atkinson Asset Management Inc who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $96.51 billion market cap company. The stock increased 1.88% or $1.205 during the last trading session, reaching $65.195. About 6.65M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 9.31% since February 12, 2017 and is uptrending. It has underperformed by 7.39% the S&P500.

Provident Trust Co decreased its stake in Accenture Plc (ACN) by 1.47% based on its latest 2017Q3 regulatory filing with the SEC. Provident Trust Co sold 17,370 shares as the company’s stock declined 0.21% while stock markets rallied. The institutional investor held 1.16M shares of the business services company at the end of 2017Q3, valued at $157.14M, down from 1.18 million at the end of the previous reported quarter. Provident Trust Co who had been investing in Accenture Plc for a number of months, seems to be less bullish one the $96.07B market cap company. The stock increased 1.26% or $1.94 during the last trading session, reaching $155.78. About 920,266 shares traded. Accenture plc (NYSE:ACN) has risen 4.27% since February 12, 2017 and is uptrending. It has underperformed by 12.43% the S&P500.

Among 26 analysts covering Accenture Plc (NYSE:ACN), 15 have Buy rating, 1 Sell and 10 Hold. Therefore 58% are positive. Accenture Plc had 89 analyst reports since August 12, 2015 according to SRatingsIntel. Robert W. Baird maintained Accenture plc (NYSE:ACN) on Thursday, September 28 with “Hold” rating. Jefferies maintained the shares of ACN in report on Thursday, November 2 with “Hold” rating. The firm has “Overweight” rating by Cantor Fitzgerald given on Friday, December 22. The firm has “Buy” rating given on Thursday, September 7 by Stifel Nicolaus. On Monday, March 27 the stock rating was maintained by Credit Suisse with “Hold”. The stock of Accenture plc (NYSE:ACN) earned “Equal-Weight” rating by Barclays Capital on Wednesday, September 27. The stock of Accenture plc (NYSE:ACN) earned “Outperform” rating by Cowen & Co on Friday, February 19. On Friday, December 22 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. The stock of Accenture plc (NYSE:ACN) has “Buy” rating given on Thursday, January 11 by Cowen & Co. On Monday, March 27 the stock rating was maintained by Deutsche Bank with “”.

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.05, from 1.05 in 2017Q2. It is negative, as 40 investors sold ACN shares while 370 reduced holdings. 97 funds opened positions while 315 raised stakes. 461.53 million shares or 1.06% less from 466.45 million shares in 2017Q2 were reported. Texas Permanent School Fund stated it has 0.3% of its portfolio in Accenture plc (NYSE:ACN). M&T Savings Bank stated it has 0.09% of its portfolio in Accenture plc (NYSE:ACN). New York-based Cohen And Steers Inc has invested 0.05% in Accenture plc (NYSE:ACN). Gw Henssler & Associate Ltd has invested 1.27% in Accenture plc (NYSE:ACN). First Interstate Natl Bank has invested 0.01% in Accenture plc (NYSE:ACN). Eqis Cap Mgmt Incorporated invested in 19,486 shares. Panagora Asset Inc holds 0.03% or 60,907 shares in its portfolio. Connor Clark And Lunn Invest Mgmt Ltd has invested 0.08% in Accenture plc (NYSE:ACN). Country Bank reported 22 shares. Carroll Financial has invested 0.01% in Accenture plc (NYSE:ACN). 14,760 are held by Conning. The New Jersey-based Jacobs Levy Equity Mngmt has invested 0.18% in Accenture plc (NYSE:ACN). Fiduciary Management Wi reported 6.80 million shares. Calamos Wealth Mgmt Ltd Liability Corp holds 0.53% of its portfolio in Accenture plc (NYSE:ACN) for 28,538 shares. Independent Franchise Prtnrs Limited Liability Partnership owns 6.29M shares.

Investors sentiment decreased to 0.85 in 2017 Q3. Its down 0.13, from 0.98 in 2017Q2. It dropped, as 83 investors sold QCOM shares while 490 reduced holdings. 89 funds opened positions while 397 raised stakes. 1.10 billion shares or 0.88% less from 1.11 billion shares in 2017Q2 were reported. Weatherly Asset LP stated it has 58,524 shares or 0.8% of all its holdings. Cutler Invest Counsel Limited Liability owns 108,313 shares. Excalibur Mgmt invested in 0.55% or 12,577 shares. Gulf Bank (Uk) reported 469,385 shares or 0.33% of all its holdings. Exxonmobil Inv Management Tx holds 0.35% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 269,801 shares. World Asset Mngmt Inc accumulated 0.23% or 135,305 shares. Parnassus Ca, California-based fund reported 7.81 million shares. Bnp Paribas Arbitrage Sa holds 0.19% or 1.50M shares in its portfolio. Rice Hall James Assocs Limited Liability Corp holds 0.07% in QUALCOMM Incorporated (NASDAQ:QCOM) or 31,766 shares. First Comml Bank has 0.09% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 10,486 shares. California Public Employees Retirement System has 3.51M shares. Ny State Teachers Retirement Systems stated it has 0.31% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). 153,006 are held by Huntington Natl Bank. Dt Inv Ltd Co stated it has 5,505 shares. Td Cap Mgmt Ltd stated it has 0% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM).

Since August 20, 2017, it had 0 insider buys, and 6 selling transactions for $3.16 million activity. On Tuesday, January 9 GROB MATTHEW S sold $2.81M worth of QUALCOMM Incorporated (NASDAQ:QCOM) or 43,000 shares. $245,919 worth of QUALCOMM Incorporated (NASDAQ:QCOM) was sold by STERLING MICHELLE M.

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