Alley Company Raised Starbucks (SBUX) Holding by $1.40 Million; Zacks Investment Management Continues to Hold Position in Applied Matls (AMAT)

April 17, 2018 - By Maria Brooks

Starbucks Corporation (NASDAQ:SBUX) Logo

Alley Company Llc increased its stake in Starbucks Corp (SBUX) by 39.54% based on its latest 2017Q4 regulatory filing with the SEC. Alley Company Llc bought 24,568 shares as the company’s stock rose 0.28% while stock markets declined. The institutional investor held 86,698 shares of the restaurants company at the end of 2017Q4, valued at $4.98M, up from 62,130 at the end of the previous reported quarter. Alley Company Llc who had been investing in Starbucks Corp for a number of months, seems to be bullish on the $84.15 billion market cap company. The stock increased 0.74% or $0.44 during the last trading session, reaching $59.87. About 3.36M shares traded. Starbucks Corporation (NASDAQ:SBUX) has risen 0.40% since April 17, 2017 and is uptrending. It has underperformed by 11.15% the S&P500.

Zacks Investment Management increased its stake in Applied Matls Inc (AMAT) by 76.29% based on its latest 2017Q4 regulatory filing with the SEC. Zacks Investment Management bought 41,122 shares as the company’s stock rose 6.49% while stock markets declined. The institutional investor held 95,026 shares of the technology company at the end of 2017Q4, valued at $4.86 million, up from 53,904 at the end of the previous reported quarter. Zacks Investment Management who had been investing in Applied Matls Inc for a number of months, seems to be bullish on the $60.74 billion market cap company. The stock increased 1.65% or $0.94 during the last trading session, reaching $57.81. About 6.02M shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 42.67% since April 17, 2017 and is uptrending. It has outperformed by 31.12% the S&P500.

Investors sentiment decreased to 0.86 in 2017 Q4. Its down 0.20, from 1.06 in 2017Q3. It dropped, as 52 investors sold AMAT shares while 367 reduced holdings. 113 funds opened positions while 249 raised stakes. 797.20 million shares or 1.72% less from 811.15 million shares in 2017Q3 were reported. The Washington-based Tradewinds Cap Management Ltd Liability Corporation has invested 0.29% in Applied Materials, Inc. (NASDAQ:AMAT). Patten Patten Tn invested 0.03% in Applied Materials, Inc. (NASDAQ:AMAT). Bragg Financial Advsrs holds 1.04% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT) for 141,622 shares. Anchor Advisors Limited Liability has 12,374 shares. Renaissance Tech Lc has invested 0.02% in Applied Materials, Inc. (NASDAQ:AMAT). Advantus Cap Mngmt has invested 0.14% in Applied Materials, Inc. (NASDAQ:AMAT). Glg Ltd owns 52,564 shares. Lenox Wealth Advsr owns 115 shares. Meiji Yasuda Asset Mngmt Ltd reported 0.12% stake. Netherlands-based Shell Asset Management has invested 0.28% in Applied Materials, Inc. (NASDAQ:AMAT). Clinton Incorporated accumulated 103,611 shares or 0.46% of the stock. D E Shaw & Company stated it has 0.31% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Colony Gru Ltd Liability Corporation invested in 0.04% or 11,466 shares. Invesco Limited accumulated 14.58M shares or 0.27% of the stock. Private Advisors stated it has 1.29% in Applied Materials, Inc. (NASDAQ:AMAT).

Zacks Investment Management, which manages about $3.45 billion and $4.59B US Long portfolio, decreased its stake in Williams Cos Inc Del (NYSE:WMB) by 17,679 shares to 751,134 shares, valued at $22.90M in 2017Q4, according to the filing. It also reduced its holding in Brooks Automation Inc (NASDAQ:BRKS) by 18,543 shares in the quarter, leaving it with 100,998 shares, and cut its stake in Ciena Corp (NYSE:CIEN).

Since December 29, 2017, it had 0 insider purchases, and 4 selling transactions for $10.41 million activity. $922,050 worth of stock was sold by Iannotti Thomas J on Thursday, March 8. 53,466 Applied Materials, Inc. (NASDAQ:AMAT) shares with value of $2.83M were sold by Nalamasu Omkaram. Forrest Stephen R sold $214,680 worth of stock or 4,000 shares.

Among 28 analysts covering Applied Materials Inc. (NASDAQ:AMAT), 27 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Applied Materials Inc. had 120 analyst reports since August 4, 2015 according to SRatingsIntel. RBC Capital Markets maintained Applied Materials, Inc. (NASDAQ:AMAT) rating on Friday, May 20. RBC Capital Markets has “Sector Perform” rating and $24 target. Cowen & Co maintained the shares of AMAT in report on Friday, August 19 with “Outperform” rating. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, June 10 report. The firm has “Buy” rating by KeyBanc Capital Markets given on Thursday, April 12. UBS maintained it with “Buy” rating and $5200 target in Tuesday, June 13 report. The rating was maintained by Craig Hallum with “Buy” on Friday, August 18. As per Monday, February 13, the company rating was maintained by Stifel Nicolaus. The firm earned “Positive” rating on Tuesday, January 16 by Susquehanna. The rating was maintained by Deutsche Bank on Friday, November 17 with “Buy”. UBS maintained it with “Buy” rating and $35 target in Friday, August 19 report.

Investors sentiment increased to 1.05 in 2017 Q4. Its up 0.08, from 0.97 in 2017Q3. It improved, as 63 investors sold SBUX shares while 449 reduced holdings. 114 funds opened positions while 423 raised stakes. 983.38 million shares or 1.10% more from 972.68 million shares in 2017Q3 were reported. Timber Hill Ltd Liability Corporation owns 96,933 shares or 0.36% of their US portfolio. Mutual Of America Capital Management Limited Com, New York-based fund reported 180,633 shares. Essex Services invested 0.4% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). First National Bank Of Omaha accumulated 0.46% or 133,807 shares. The Florida-based Raymond James Trust Na has invested 0.11% in Starbucks Corporation (NASDAQ:SBUX). Wagner Bowman Management has 28,035 shares. The Georgia-based Vident Investment Advisory Ltd Liability Corporation has invested 0.03% in Starbucks Corporation (NASDAQ:SBUX). Rafferty Asset Mngmt Ltd Llc has 0.03% invested in Starbucks Corporation (NASDAQ:SBUX) for 25,265 shares. Pacific Glob Inv Management reported 21,503 shares. Moreover, Stack Fincl has 2.48% invested in Starbucks Corporation (NASDAQ:SBUX). Wolverine Asset Management Limited Liability Corporation accumulated 242,101 shares. Sfe Investment Counsel holds 0.09% or 3,850 shares in its portfolio. National Bank & Trust Of Nova Scotia, a Ontario – Canada-based fund reported 4,250 shares. Factory Mutual Co owns 0.56% invested in Starbucks Corporation (NASDAQ:SBUX) for 938,300 shares. Jennison Associates Ltd Limited Liability Company stated it has 194,370 shares or 0.01% of all its holdings.

Among 37 analysts covering Starbucks Corporation (NASDAQ:SBUX), 23 have Buy rating, 0 Sell and 14 Hold. Therefore 62% are positive. Starbucks Corporation had 105 analyst reports since July 28, 2015 according to SRatingsIntel. Goldman Sachs maintained the stock with “Buy” rating in Friday, July 22 report. As per Wednesday, June 28, the company rating was maintained by Bernstein. CLSA maintained the shares of SBUX in report on Wednesday, September 28 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, October 30. Robert W. Baird maintained Starbucks Corporation (NASDAQ:SBUX) rating on Monday, June 5. Robert W. Baird has “Buy” rating and $7400 target. The firm has “Buy” rating by UBS given on Friday, November 3. The rating was downgraded by Bernstein to “Hold” on Monday, January 29. Jefferies maintained Starbucks Corporation (NASDAQ:SBUX) rating on Tuesday, June 13. Jefferies has “Buy” rating and $6500 target. Nomura maintained Starbucks Corporation (NASDAQ:SBUX) rating on Friday, January 26. Nomura has “Buy” rating and $68.0 target. RBC Capital Markets maintained Starbucks Corporation (NASDAQ:SBUX) on Friday, September 15 with “Buy” rating.

Since January 31, 2018, it had 0 insider purchases, and 3 selling transactions for $13.62 million activity. $3.60M worth of stock was sold by WEATHERUP CRAIG on Tuesday, March 13. The insider BURROWS CLIFFORD sold $9.28M.

Applied Materials, Inc. (NASDAQ:AMAT) Institutional Positions Chart

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