Cummins (CMI) Stock Price Rose While Aviance Capital Management Cut Its Holding; Apple (AAPL) Share Value Rose While Wharton Business Group Has Lowered Position by $447,678

January 14, 2018 - By Michael Collier

Aviance Capital Management Llc decreased its stake in Cummins Inc (CMI) by 46.77% based on its latest 2017Q3 regulatory filing with the SEC. Aviance Capital Management Llc sold 5,283 shares as the company’s stock rose 1.30% with the market. The institutional investor held 6,013 shares of the industrial machinery and components company at the end of 2017Q3, valued at $1.01M, down from 11,296 at the end of the previous reported quarter. Aviance Capital Management Llc who had been investing in Cummins Inc for a number of months, seems to be less bullish one the $30.57B market cap company. The stock increased 0.15% or $0.28 during the last trading session, reaching $184.18. About 1.47 million shares traded or 7.61% up from the average. Cummins Inc. (NYSE:CMI) has risen 43.32% since January 14, 2017 and is uptrending. It has outperformed by 26.62% the S&P500.

Wharton Business Group Llc decreased its stake in Apple Inc (AAPL) by 1.8% based on its latest 2017Q3 regulatory filing with the SEC. Wharton Business Group Llc sold 2,907 shares as the company’s stock rose 12.78% with the market. The institutional investor held 158,294 shares of the computer manufacturing company at the end of 2017Q3, valued at $24.40M, down from 161,201 at the end of the previous reported quarter. Wharton Business Group Llc who had been investing in Apple Inc for a number of months, seems to be less bullish one the $900.87 billion market cap company. The stock increased 1.03% or $1.81 during the last trading session, reaching $177.09. About 25.42M 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 Cummins Inc. (NYSE:CMI) to report earnings on February, 8. They expect $2.60 earnings per share, up 15.56% or $0.35 from last year’s $2.25 per share. CMI’s profit will be $431.52M for 17.71 P/E if the $2.60 EPS becomes a reality. After $2.71 actual earnings per share reported by Cummins Inc. for the previous quarter, Wall Street now forecasts -4.06% negative EPS growth.

Aviance Capital Management Llc, which manages about $2.20 billion and $1.45 billion US Long portfolio, upped its stake in First Trust Tactical High Yield Etf (HYLS) by 83,384 shares to 1.99 million shares, valued at $97.66M in 2017Q3, according to the filing. It also increased its holding in The Home Depot Inc (NYSE:HD) by 9,236 shares in the quarter, for a total of 17,263 shares, and has risen its stake in Bp Plc Adr (NYSE:BP).

Among 28 analysts covering Cummins (NYSE:CMI), 7 have Buy rating, 3 Sell and 18 Hold. Therefore 25% are positive. Cummins had 92 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Buckingham Research with “Buy” on Wednesday, November 1. Barclays Capital initiated the stock with “Underweight” rating in Friday, September 25 report. RBC Capital Markets maintained Cummins Inc. (NYSE:CMI) on Thursday, January 11 with “Hold” rating. On Friday, June 30 the stock rating was maintained by Jefferies with “Hold”. Stifel Nicolaus maintained it with “Hold” rating and $160 target in Thursday, June 15 report. On Monday, July 17 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm has “Hold” rating given on Tuesday, October 31 by Piper Jaffray. The stock of Cummins Inc. (NYSE:CMI) earned “Underperform” rating by Bank of America on Tuesday, December 1. The rating was upgraded by Standpoint Research to “Buy” on Monday, August 24. The rating was downgraded by Buckingham Research on Wednesday, April 6 to “Neutral”.

Investors sentiment increased to 1.1 in 2017 Q3. Its up 0.09, from 1.01 in 2017Q2. It is positive, as 57 investors sold CMI shares while 253 reduced holdings. 92 funds opened positions while 249 raised stakes. 132.23 million shares or 1.24% more from 130.61 million shares in 2017Q2 were reported. Quantitative Systematic Strategies Ltd Liability Co, a Connecticut-based fund reported 4,396 shares. Bailard owns 17,598 shares for 0.23% of their portfolio. Great West Life Assurance Co Can holds 0.07% or 170,051 shares. Hyman Charles D has invested 0.03% of its portfolio in Cummins Inc. (NYSE:CMI). Bryn Mawr accumulated 9,402 shares. Baker Boyer Comml Bank holds 4,100 shares. Bluecrest Ltd accumulated 2,089 shares. Arrowstreet Cap LP reported 171,600 shares or 0.08% of all its holdings. Howe And Rusling reported 0.01% of its portfolio in Cummins Inc. (NYSE:CMI). Moreover, Baldwin Brothers Ma has 0.01% invested in Cummins Inc. (NYSE:CMI). Amer Intl Group Inc invested 2.05% of its portfolio in Cummins Inc. (NYSE:CMI). Warren Averett Asset Management Limited Co holds 0.18% in Cummins Inc. (NYSE:CMI) or 4,948 shares. 108,153 were accumulated by Stifel Financial Corporation. North Star Mgmt Corp reported 0.07% of its portfolio in Cummins Inc. (NYSE:CMI). State Of New Jersey Common Pension Fund D has 30,000 shares.

Since August 9, 2017, it had 0 buys, and 1 sale for $260,085 activity.

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 $19.08B 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.

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. Contravisory Mngmt reported 3,582 shares stake. Ajo LP has invested 0.41% in Apple Inc. (NASDAQ:AAPL). Ubs Oconnor Ltd Liability Company owns 20,000 shares. Kentucky Retirement Systems Tru Fund accumulated 3.76% or 137,866 shares. Dimensional Fund Advsr Lp holds 16.44M shares. Castleark Lc invested in 1.43% or 294,808 shares. Rodgers Brothers holds 0.24% or 4,459 shares in its portfolio. Cue Fincl Gru accumulated 14,969 shares or 1.6% of the stock. Usa Financial Portformulas, a Michigan-based fund reported 46,085 shares. Marshall And Sullivan Wa has invested 0.69% in Apple Inc. (NASDAQ:AAPL). Regis Management Limited Liability Com owns 7,612 shares. Keybank Natl Association Oh owns 2.26 million shares. Moreover, Private Asset has 2.77% invested in Apple Inc. (NASDAQ:AAPL) for 17,223 shares. Pittenger And Anderson has 0.86% invested in Apple Inc. (NASDAQ:AAPL). Sfmg Limited Liability Corp stated it has 2.02% of its portfolio in Apple Inc. (NASDAQ:AAPL).

Wharton Business Group Llc, which manages about $1.74B and $946.41M US Long portfolio, upped its stake in Ishars Edg Msci Usa Qlty (QUAL) by 34,760 shares to 736,190 shares, valued at $56.79 million in 2017Q3, according to the filing. It also increased its holding in Spdr S&P 500 Etf (SPY) by 4,252 shares in the quarter, for a total of 7,174 shares, and has risen its stake in Ishares Core Msci Eafe (IEFA).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: