As Apple Com (AAPL) Valuation Rose, Holder Oak Ridge Investments Lowered by $5.31 Million Its Stake; Citigroup (C) Share Price Rose While Beach Investment Counsel Lifted Stake by $899,280

January 14, 2018 - By Hazel Jackson

Beach Investment Counsel Inc increased its stake in Citigroup (C) by 3.57% based on its latest 2017Q3 regulatory filing with the SEC. Beach Investment Counsel Inc bought 12,490 shares as the company’s stock rose 1.55% with the market. The hedge fund held 362,104 shares of the major banks company at the end of 2017Q3, valued at $26.34 million, up from 349,614 at the end of the previous reported quarter. Beach Investment Counsel Inc who had been investing in Citigroup for a number of months, seems to be bullish on the $203.17B market cap company. The stock increased 1.69% or $1.28 during the last trading session, reaching $76.84. About 16.95 million shares traded or 12.74% up from the average. Citigroup Inc. (NYSE:C) has risen 35.60% since January 14, 2017 and is uptrending. It has outperformed by 18.90% the S&P500.

Oak Ridge Investments Llc decreased its stake in Apple Inc Com (AAPL) by 9.36% based on its latest 2017Q3 regulatory filing with the SEC. Oak Ridge Investments Llc sold 34,462 shares as the company’s stock rose 12.78% with the market. The institutional investor held 333,764 shares of the computer manufacturing company at the end of 2017Q3, valued at $51.44M, down from 368,226 at the end of the previous reported quarter. Oak Ridge Investments Llc who had been investing in Apple Inc Com for a number of months, seems to be less bullish one the $900.87B market cap company. The stock increased 1.03% or $1.81 during the last trading session, reaching $177.09. About 25.42 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since January 14, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on January, 30. They expect $3.75 EPS, up 11.61% or $0.39 from last year’s $3.36 per share. AAPL’s profit will be $19.08 billion for 11.81 P/E if the $3.75 EPS becomes a reality. After $2.07 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts 81.16% EPS growth.

Since August 7, 2017, it had 0 buys, and 12 sales for $93.68 million activity. Another trade for 15,641 shares valued at $2.73 million was sold by Riccio Daniel J.. 10,469 Apple Inc. (NASDAQ:AAPL) shares with value of $1.70M were sold by Srouji Johny. 63,163 shares were sold by FEDERIGHI CRAIG, worth $9.98 million. KONDO CHRIS had sold 6,209 shares worth $1.01 million. 31,625 shares were sold by SEWELL D BRUCE, worth $5.00M on Monday, August 7. $8.79 million worth of Apple Inc. (NASDAQ:AAPL) was sold by SCHILLER PHILIP W on Tuesday, October 3.

Oak Ridge Investments Llc, which manages about $4.04B and $2.46 billion US Long portfolio, upped its stake in On Assignment Inc (NYSE:ASGN) by 108,209 shares to 544,649 shares, valued at $29.24M in 2017Q3, according to the filing. It also increased its holding in Wex Inc Com (NYSE:WEX) by 4,477 shares in the quarter, for a total of 297,968 shares, and has risen its stake in V F Corp Com (NYSE:VFC).

Investors sentiment increased to 0.7 in Q3 2017. Its up 0.02, from 0.68 in 2017Q2. It improved, as 52 investors sold AAPL shares while 1034 reduced holdings. 116 funds opened positions while 640 raised stakes. 2.97 billion shares or 2.78% less from 3.06 billion shares in 2017Q2 were reported. Fort Washington Inv Advisors Oh reported 1.08M shares stake. Boys Arnold And Inc has 2.5% invested in Apple Inc. (NASDAQ:AAPL) for 101,980 shares. Hall Laurie J Trustee invested in 19,609 shares or 1.88% of the stock. Putnam Invests Lc has 2.39% invested in Apple Inc. (NASDAQ:AAPL). United Kingdom-based Gsa Cap Ptnrs Llp has invested 0.44% in Apple Inc. (NASDAQ:AAPL). Pggm Investments accumulated 1.6% or 2.10M shares. Tru Of Virginia Va has 2.09% invested in Apple Inc. (NASDAQ:AAPL). Hills Bancorporation & Tru Communications reported 41,860 shares stake. Srb Corporation accumulated 0.02% or 1,113 shares. Lombard Odier Asset (Europe) Ltd, United Kingdom-based fund reported 56,734 shares. Guyasuta Incorporated invested in 0.32% or 17,432 shares. Sanders Capital Ltd Liability Corp invested in 8.48M shares. Somerville Kurt F holds 122,261 shares. Ashfield Ptnrs Limited Liability Com has 5.28% invested in Apple Inc. (NASDAQ:AAPL) for 255,757 shares. Moreover, Bessemer Gp Inc has 2.35% invested in Apple Inc. (NASDAQ:AAPL).

Among 52 analysts covering Apple Inc. (NASDAQ:AAPL), 40 have Buy rating, 1 Sell and 11 Hold. Therefore 77% are positive. Apple Inc. had 344 analyst reports since July 21, 2015 according to SRatingsIntel. Wells Fargo upgraded Apple Inc. (NASDAQ:AAPL) on Tuesday, August 25 to “Market Perform” rating. As per Tuesday, March 21, the company rating was maintained by Bernstein. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by Susquehanna on Wednesday, October 28. Piper Jaffray maintained Apple Inc. (NASDAQ:AAPL) on Friday, August 14 with “Overweight” rating. On Thursday, August 27 the stock rating was maintained by Bank of America with “Neutral”. The rating was maintained by Mizuho on Friday, July 21 with “Hold”. On Monday, July 17 the stock rating was maintained by Morgan Stanley with “Overweight”. Morgan Stanley maintained Apple Inc. (NASDAQ:AAPL) on Wednesday, January 27 with “Overweight” rating. The rating was maintained by UBS with “Buy” on Wednesday, January 27. As per Wednesday, February 1, the company rating was maintained by RBC Capital Markets.

Investors sentiment increased to 1.35 in 2017 Q3. Its up 0.25, from 1.1 in 2017Q2. It improved, as 56 investors sold C shares while 400 reduced holdings. 125 funds opened positions while 492 raised stakes. 2.04 billion shares or 0.42% more from 2.03 billion shares in 2017Q2 were reported. First National has invested 0.08% in Citigroup Inc. (NYSE:C). Beech Hill Advsr stated it has 72,526 shares or 2.78% of all its holdings. Alliancebernstein LP holds 0.56% or 10.20M shares. 313,900 were accumulated by Taylor Asset Management. Redwood Cap Mgmt Llc, a New Jersey-based fund reported 770,000 shares. First Fin In accumulated 2,246 shares or 0.11% of the stock. Suntrust Banks reported 250,127 shares. Arizona State Retirement System invested in 704,241 shares or 0.61% of the stock. Ulysses Mngmt Ltd reported 379,900 shares. Broadview Advsrs Ltd Liability Corp reported 8,650 shares. New Jersey-based Pathstone Family Office Lc has invested 0% in Citigroup Inc. (NYSE:C). Arrowgrass Cap Ptnrs (Us) Ltd Partnership holds 0.2% or 367,616 shares. Fjarde Ap invested 0.9% in Citigroup Inc. (NYSE:C). Amundi Pioneer Asset Management holds 1.34% or 5.79M shares. Dnb Asset As has invested 2.15% of its portfolio in Citigroup Inc. (NYSE:C).

Since August 4, 2017, it had 0 buys, and 2 sales for $3.05 million activity. 40,000 Citigroup Inc. (NYSE:C) shares with value of $2.70 million were sold by Aristeguieta Francisco.

Among 38 analysts covering Citigroup Inc. (NYSE:C), 19 have Buy rating, 3 Sell and 16 Hold. Therefore 50% are positive. Citigroup Inc. had 108 analyst reports since July 21, 2015 according to SRatingsIntel. Goldman Sachs downgraded Citigroup Inc. (NYSE:C) rating on Friday, September 16. Goldman Sachs has “Neutral” rating and $50 target. RBC Capital Markets maintained the shares of C in report on Tuesday, January 19 with “Outperform” rating. The firm has “Overweight” rating by Barclays Capital given on Tuesday, January 3. Stifel Nicolaus downgraded Citigroup Inc. (NYSE:C) on Monday, October 9 to “Hold” rating. Macquarie Research downgraded the stock to “Neutral” rating in Friday, November 18 report. The firm has “Hold” rating given on Thursday, August 6 by Vetr. RBC Capital Markets maintained it with “Buy” rating and $6500 target in Thursday, June 22 report. The rating was maintained by RBC Capital Markets on Friday, August 18 with “Buy”. The rating was downgraded by JP Morgan on Wednesday, August 26 to “Overweight”. Wells Fargo maintained Citigroup Inc. (NYSE:C) rating on Thursday, August 10. Wells Fargo has “Outperform” rating and $90 target.

Beach Investment Counsel Inc, which manages about $1.43B and $951.00 million US Long portfolio, decreased its stake in Walt Disney (NYSE:DIS) by 39,383 shares to 13,204 shares, valued at $1.30M in 2017Q3, according to the filing. It also reduced its holding in Enbridge Inc. (NYSE:ENB) by 115,816 shares in the quarter, leaving it with 80,222 shares, and cut its stake in Southwest Airlines (NYSE:LUV).

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