Seaward Management Limited Partnership Has Trimmed Stake in Facebook Cl A (FB) by $2.37 Million as Shares Declined; Jones Collombin Investment Counsel Trimmed Holding in Royal Bk Cda Montreal Que (RY) by $1.43 Million

June 18, 2018 - By Migdalia James

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Seaward Management Limited Partnership decreased its stake in Facebook Inc Cl A (FB) by 5.78% based on its latest 2018Q1 regulatory filing with the SEC. Seaward Management Limited Partnership sold 14,900 shares as the company’s stock declined 0.01% with the market. The institutional investor held 242,821 shares of the technology company at the end of 2018Q1, valued at $38.80 million, down from 257,721 at the end of the previous reported quarter. Seaward Management Limited Partnership who had been investing in Facebook Inc Cl A for a number of months, seems to be less bullish one the $574.30 billion market cap company. The stock increased 1.30% or $2.55 during the last trading session, reaching $198.4. About 9.32M shares traded. Facebook, Inc. (NASDAQ:FB) has risen 21.69% since June 18, 2017 and is uptrending. It has outperformed by 9.12% the S&P500. Some Historical FB News: 29/05/2018 – ITALY’S DI MAIO SAYS NEVER SOUGHT EURO EXIT: FACEBOOK; 20/03/2018 – Facebook is holding an emergency meeting to let employees ask questions about Cambridge Analytica; 09/03/2018 – Facebook to show 25 Major League Baseball games this season; 15/05/2018 – FACEBOOK REMOVED 583 MILLION FAKE ACCOUNTS IN FIRST QUARTER; 01/05/2018 – Facebook Will Launch New Opt-In Dating Feature — CEO Mark Zuckerberg; 22/03/2018 – BARLEY DEMANDS EXPLANATION FROM FACEBOOK EXECUTIVES ON DATA; 08/05/2018 – Facebook has to take privacy more seriously, so it created a new team focused on building privacy products The group’s first product: “Clear History,” a newly announced feature so people can opt out of Facebook using their browsing history; 01/05/2018 – WhatsApp’s high number of daily active users and engagement could greatly benefit Facebook’s impression growth; 19/03/2018 – U.S. SENATE SEEKS DATA FROM FACEBOOK; 22/05/2018 – ♫ Reuters Insider – VERBATIM: Zuckerberg apologizes amid EU grilling

Jones Collombin Investment Counsel Inc decreased its stake in Royal Bk Cda Montreal Que (RY) by 11.23% based on its latest 2018Q1 regulatory filing with the SEC. Jones Collombin Investment Counsel Inc sold 18,524 shares as the company’s stock declined 6.00% with the market. The institutional investor held 146,500 shares of the commercial banks company at the end of 2018Q1, valued at $11.32 million, down from 165,024 at the end of the previous reported quarter. Jones Collombin Investment Counsel Inc who had been investing in Royal Bk Cda Montreal Que for a number of months, seems to be less bullish one the $111.12B market cap company. The stock decreased 0.34% or $0.26 during the last trading session, reaching $75.75. About 261,938 shares traded. Royal Bank of Canada (NYSE:RY) has risen 9.18% since June 18, 2017 and is uptrending. It has underperformed by 3.39% the S&P500. Some Historical RY News: 24/05/2018 – RBC Sees Business Lending Surge as Mortgage Growth Plateaus; 06/04/2018 – RBC IN ‘EVALUATION MODE’ FOR BANKING CANNABIS COMPANIES: CEO; 06/04/2018 – ROYAL BANK OF CANADA ANNUAL MEETING BEGINS IN TORONTO; 11/05/2018 – RBC to provide financing for £2.2bn ZPG buyout; 24/05/2018 – RBC CEO SAYS UNCERTAINTY AROUND NAFTA CAUSES SOME INVESTMENT DECISIONS BY CUSTOMERS TO BE PUT ON HOLD; 06/04/2018 – RBC CEO SAYS SEEING MORE BALANCED PRICING IN THE CANADIAN HOUSING MARKET; 07/03/2018 – GREAT CANADIAN GAMING CORP GC.TO : RBC RAISES TARGET PRICE TO C$45 FROM C$42; 24/05/2018 – RBC SEES PCL RATIO IN 25BPS-30BPS RANGE FOR REST OF 2018: CFO; 24/05/2018 – RBC CEO EXPECTS STRONG EARNINGS GROWTH INTO 2H; 11/04/2018 – World #1 Dustin Johnson and Sam Saunders, grandson to The King, take a “swing at the past” to celebrate the 50th RBC Heritage

Among 11 analysts covering Royal Bank Of Canada (NYSE:RY), 5 have Buy rating, 1 Sell and 5 Hold. Therefore 45% are positive. Royal Bank Of Canada had 19 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Royal Bank of Canada (NYSE:RY) has “Hold” rating given on Monday, April 3 by TD Securities. The firm earned “Hold” rating on Saturday, August 22 by Zacks. Rafferty downgraded Royal Bank of Canada (NYSE:RY) on Thursday, December 1 to “Hold” rating. Bank of America upgraded the shares of RY in report on Tuesday, January 30 to “Buy” rating. The rating was maintained by Argus Research with “Buy” on Monday, December 12. As per Thursday, August 27, the company rating was maintained by Bank of America. The stock of Royal Bank of Canada (NYSE:RY) has “Mkt Perform” rating given on Monday, February 27 by Keefe Bruyette & Woods. As per Monday, November 21, the company rating was upgraded by TD Securities. The rating was maintained by Argus Research with “Buy” on Thursday, August 25. Argus Research initiated Royal Bank of Canada (NYSE:RY) rating on Friday, July 1. Argus Research has “Buy” rating and $69 target.

More notable recent Royal Bank of Canada (NYSE:RY) news were published by: Seekingalpha.com which released: “Royal Bank Of Canada: Poised For Growth As The Canadian Economy Accelerates” on May 31, 2018, also Seekingalpha.com with their article: “Bank cyber attacks reported in Canada” published on May 29, 2018, Seekingalpha.com published: “If You Want To Own Your Bank, Consider Scotiabank” on June 04, 2018. More interesting news about Royal Bank of Canada (NYSE:RY) were released by: Seekingalpha.com and their article: “Royal Bank Is By Far My Favorite” published on June 06, 2018 as well as Fool.ca‘s news article titled: “TFSA Investors: 3 Top Canadian Dividend Stocks to Start a Retirement Fund” with publication date: June 18, 2018.

Analysts await Royal Bank of Canada (NYSE:RY) to report earnings on August, 22. They expect $1.63 EPS, up 15.60% or $0.22 from last year’s $1.41 per share. RY’s profit will be $2.39 billion for 11.62 P/E if the $1.63 EPS becomes a reality. After $1.65 actual EPS reported by Royal Bank of Canada for the previous quarter, Wall Street now forecasts -1.21% negative EPS growth.

Since December 19, 2017, it had 0 buys, and 69 selling transactions for $3.12 billion activity. Another trade for 435,000 shares valued at $72.43M was sold by Zuckerberg Mark. Schroepfer Michael Todd also sold $6.78M worth of Facebook, Inc. (NASDAQ:FB) shares. FISCHER DAVID B. also sold $1.05 million worth of Facebook, Inc. (NASDAQ:FB) on Friday, January 26. Shares for $1.75 million were sold by Wehner David M. on Tuesday, May 15. The insider Stretch Colin sold 750 shares worth $144,413. $2.03 million worth of Facebook, Inc. (NASDAQ:FB) was sold by Cox Christopher K on Monday, June 11.

Seaward Management Limited Partnership, which manages about $2.62 billion and $2.01B US Long portfolio, upped its stake in Spdr S&P Midcap 400 Etf (MDY) by 2,165 shares to 52,344 shares, valued at $17.89 million in 2018Q1, according to the filing. It also increased its holding in Ishares Core S& P Small Cap Et (IJR) by 15,245 shares in the quarter, for a total of 193,078 shares, and has risen its stake in Vanguard Ftse Emerging Markets (VWO).

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: Nasdaq.com which released: “Facebook Stock Will Continue to Shrug Off Data Privacy Concerns” on June 05, 2018, also Nasdaq.com with their article: “Facebook, Inc. (FB) to Design Chips for Live Video Content Filtering” published on May 29, 2018, Nasdaq.com published: “Facebook Inc (FB) Beefs Up Instagram Videos to Challenge Rivals” on June 07, 2018. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: Nasdaq.com and their article: “Facebook Inc (FB) Adds User Reviews for Ads to Identify Bad Businesses” published on June 13, 2018 as well as Finance.Yahoo.com‘s news article titled: “Facebook, Inc. (NASDAQ:FB) In Trouble For Sharing Data With Chinese Company” with publication date: June 07, 2018.

Analysts await Facebook, Inc. (NASDAQ:FB) to report earnings on July, 25. They expect $1.72 earnings per share, up 30.30% or $0.40 from last year’s $1.32 per share. FB’s profit will be $4.98B for 28.84 P/E if the $1.72 EPS becomes a reality. After $1.69 actual earnings per share reported by Facebook, Inc. for the previous quarter, Wall Street now forecasts 1.78% EPS growth.

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