Riverpark Advisors Has Decreased Stake in Schlumberger LTD (SLB) as Share Value Rose; Davenport & Company Holding in Flo (FLO) Trimmed by $60.64 Million

June 16, 2018 - By Ash

Flowers Foods, Inc. (NYSE:FLO) Logo

Davenport & Company Llc decreased its stake in Flo (FLO) by 8.64% based on its latest 2018Q1 regulatory filing with the SEC. Davenport & Company Llc sold 2,774 shares as the company’s stock declined 5.61% with the market. The institutional investor held 29,331 shares of the consumer non-durables company at the end of 2018Q1, valued at $641.19M, down from 32,105 at the end of the previous reported quarter. Davenport & Company Llc who had been investing in Flo for a number of months, seems to be less bullish one the $4.33 billion market cap company. The stock increased 1.33% or $0.27 during the last trading session, reaching $20.55. About 2.33M shares traded or 65.09% up from the average. Flowers Foods, Inc. (NYSE:FLO) has risen 8.27% since June 16, 2017 and is uptrending. It has underperformed by 4.30% the S&P500. Some Historical FLO News: 16/05/2018 – Flowers Foods 1Q Net $51.2M; 15/05/2018 – Flowers Foods Closes Below 50-Day Moving Average: Technicals; 23/04/2018 – Nature’s Own Introduces Nature’s Own® Perfectly Crafted™ Artisan-inspired, Thick-sliced Bakery Bread

Riverpark Advisors Llc decreased its stake in Schlumberger Ltd (SLB) by 20.25% based on its latest 2018Q1 regulatory filing with the SEC. Riverpark Advisors Llc sold 89,000 shares as the company’s stock rose 2.80% while stock markets declined. The institutional investor held 350,427 shares of the oilfield services and equipment company at the end of 2018Q1, valued at $22.70 million, down from 439,427 at the end of the previous reported quarter. Riverpark Advisors Llc who had been investing in Schlumberger Ltd for a number of months, seems to be less bullish one the $92.57B market cap company. The stock decreased 2.20% or $1.5 during the last trading session, reaching $66.83. About 15.09 million shares traded or 109.16% up from the average. Schlumberger Limited (NYSE:SLB) has declined 1.14% since June 16, 2017 and is downtrending. It has underperformed by 13.71% the S&P500.

Since March 27, 2018, it had 0 buys, and 1 insider sale for $221,680 activity.

Davenport & Company Llc, which manages about $7.13 billion and $8113.60B US Long portfolio, upped its stake in Vtwo (VTWO) by 1,607 shares to 7,563 shares, valued at $922.16M in 2018Q1, according to the filing. It also increased its holding in Dgro (DGRO) by 1,575 shares in the quarter, for a total of 12,312 shares, and has risen its stake in Unh (NYSE:UNH).

Investors sentiment decreased to 0.91 in Q1 2018. Its down 0.29, from 1.2 in 2017Q4. It dropped, as 36 investors sold FLO shares while 99 reduced holdings. 45 funds opened positions while 78 raised stakes. 140.96 million shares or 9.91% more from 128.25 million shares in 2017Q4 were reported. Hamlin Limited Liability Company invested 3.19% of its portfolio in Flowers Foods, Inc. (NYSE:FLO). Ww Asset Inc reported 9,421 shares. Cibc invested in 0% or 14,683 shares. Janney Montgomery Scott Ltd Limited Liability Company holds 0% or 11,053 shares in its portfolio. Signaturefd Ltd Limited Liability Company holds 0% of its portfolio in Flowers Foods, Inc. (NYSE:FLO) for 1,418 shares. Westwood Hldgs Group Inc stated it has 0.02% in Flowers Foods, Inc. (NYSE:FLO). Glenmede Trust Com Na holds 0% or 1,098 shares in its portfolio. Rhumbline Advisers reported 341,541 shares or 0.02% of all its holdings. Lord Abbett And Limited Liability Company invested in 0.02% or 260,900 shares. Salem Investment Counselors reported 412,781 shares. Numerixs Inv Technologies reported 8,100 shares. Parametrica Mngmt Ltd stated it has 13,308 shares. 564,068 are owned by Royal Commercial Bank Of Canada. 53,236 are owned by Metropolitan Life Insurance New York. Panagora Asset Inc holds 0.07% of its portfolio in Flowers Foods, Inc. (NYSE:FLO) for 829,329 shares.

Among 14 analysts covering Flowers Foods (NYSE:FLO), 6 have Buy rating, 0 Sell and 8 Hold. Therefore 43% are positive. Flowers Foods had 37 analyst reports since September 21, 2015 according to SRatingsIntel. The rating was maintained by SunTrust with “Hold” on Thursday, November 9. The stock has “Buy” rating by BB&T Capital on Tuesday, February 16. The firm earned “Overweight” rating on Thursday, December 15 by KeyBanc Capital Markets. The firm has “Hold” rating by BMO Capital Markets given on Tuesday, July 18. The company was maintained on Friday, March 23 by Stephens. As per Friday, December 9, the company rating was upgraded by Pivotal Research. The stock of Flowers Foods, Inc. (NYSE:FLO) has “Hold” rating given on Wednesday, September 6 by BMO Capital Markets. The stock has “Neutral” rating by DA Davidson on Wednesday, October 5. Jefferies initiated the shares of FLO in report on Wednesday, December 16 with “Buy” rating. KeyBanc Capital Markets initiated Flowers Foods, Inc. (NYSE:FLO) on Thursday, May 26 with “Sector Weight” rating.

Analysts await Flowers Foods, Inc. (NYSE:FLO) to report earnings on August, 8. They expect $0.28 EPS, up 16.67% or $0.04 from last year’s $0.24 per share. FLO’s profit will be $59.02 million for 18.35 P/E if the $0.28 EPS becomes a reality. After $0.30 actual EPS reported by Flowers Foods, Inc. for the previous quarter, Wall Street now forecasts -6.67% negative EPS growth.

Investors sentiment increased to 1.2 in Q1 2018. Its up 0.54, from 0.66 in 2017Q4. It improved, as 60 investors sold SLB shares while 488 reduced holdings. 111 funds opened positions while 548 raised stakes. 1.04 billion shares or 1.22% less from 1.05 billion shares in 2017Q4 were reported. Cap Rech Glob accumulated 0.29% or 15.80M shares. Zacks Invest Mngmt invested in 416,364 shares or 0.6% of the stock. Guinness Atkinson Asset Management Incorporated accumulated 0.57% or 14,300 shares. Arosa Cap Management Limited Partnership has 4.24% invested in Schlumberger Limited (NYSE:SLB). Veritas Invest Mngmt (Uk) Ltd holds 3.9% or 177,589 shares. Btr Mgmt Incorporated owns 110,496 shares. Cohen Cap Incorporated holds 0.96% or 59,781 shares. Santa Barbara Asset Mgmt holds 1.44M shares. Massachusetts-based Hall Laurie J Trustee has invested 0.52% in Schlumberger Limited (NYSE:SLB). Stock Yards Retail Bank And Trust holds 1.17% or 162,626 shares in its portfolio. Carnegie Cap Asset Management Limited Liability Company holds 1.03% or 175,953 shares. Boston Lc stated it has 0.02% in Schlumberger Limited (NYSE:SLB). Shell Asset Mngmt, Netherlands-based fund reported 336,799 shares. 3,575 were reported by Liberty Cap Mgmt. Advisors Asset Mngmt reported 0.1% of its portfolio in Schlumberger Limited (NYSE:SLB).

Since January 22, 2018, it had 3 insider buys, and 3 selling transactions for $6.93 million activity. $1.96M worth of Schlumberger Limited (NYSE:SLB) was sold by Guild Howard on Monday, January 22. On Monday, March 26 the insider Schorn Patrick bought $323,950. $192,900 worth of stock was bought by Al Mogharbel Khaled on Wednesday, March 28. Shares for $218,049 were sold by Jaramillo Claudia on Wednesday, May 16. The insider AYAT SIMON sold 75,000 shares worth $5.91 million.

More important recent Schlumberger Limited (NYSE:SLB) news were published by: Finance.Yahoo.com which released: “Should Income Investors Buy Schlumberger Limited (NYSE:SLB) Before Its Ex-Dividend?” on June 02, 2018, also Fool.com published article titled: “3 Oil Market Myths Schlumberger’s Management Wants to Dispel”, Forbes.com published: “Why Schlumberger’s Stock Continues To Underperform” on May 29, 2018. More interesting news about Schlumberger Limited (NYSE:SLB) was released by: Bizjournals.com and their article: “Weatherford reportedly considering selling laboratory business” with publication date: June 12, 2018.

Riverpark Advisors Llc, which manages about $2.88B and $519.42 million US Long portfolio, upped its stake in Dollar Tree Inc (NASDAQ:DLTR) by 16,203 shares to 62,388 shares, valued at $5.92M in 2018Q1, according to the filing. It also increased its holding in Unitedhealth Group Inc (NYSE:UNH) by 8,386 shares in the quarter, for a total of 11,161 shares, and has risen its stake in Carmax Inc (NYSE:KMX).

Among 39 analysts covering Schlumberger Limited. (NYSE:SLB), 32 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 150 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, October 5 by Citigroup. The rating was maintained by Barclays Capital with “Equal-Weight” on Wednesday, October 25. The firm has “Hold” rating given on Wednesday, August 26 by Standpoint Research. The rating was maintained by Cowen & Co with “Outperform” on Monday, April 25. The stock of Schlumberger Limited (NYSE:SLB) has “Equal Weight” rating given on Monday, January 25 by Barclays Capital. The firm has “Hold” rating given on Monday, January 15 by BMO Capital Markets. The firm has “Equal-Weight” rating given on Monday, March 28 by Barclays Capital. The company was maintained on Friday, September 29 by Jefferies. Jefferies maintained it with “Buy” rating and $99 target in Friday, April 7 report. On Monday, January 22 the stock rating was upgraded by Atlantic Securities to “Overweight”.

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart

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