Avery Dennison (AVY) Holder Lombard Odier Asset Management Switzerland Sa Has Lifted Holding by $642,664 as Share Value Rose; Choate Investment Advisors Lowered Its Bhp Billiton LTD Spons Adr (BHP) Position by $30.25 Million

November 24, 2017 - By Linda Rogers

Lombard Odier Asset Management Switzerland Sa increased its stake in Avery Dennison Corp (AVY) by 20.89% based on its latest 2017Q2 regulatory filing with the SEC. Lombard Odier Asset Management Switzerland Sa bought 7,303 shares as the company’s stock rose 4.22% with the market. The institutional investor held 42,260 shares of the containers and packaging company at the end of 2017Q2, valued at $3.74 million, up from 34,957 at the end of the previous reported quarter. Lombard Odier Asset Management Switzerland Sa who had been investing in Avery Dennison Corp for a number of months, seems to be bullish on the $9.84 billion market cap company. The stock increased 0.64% or $0.71 on November 22, reaching $111.1. About shares traded. Avery Dennison Corp (NYSE:AVY) has risen 10.91% since November 24, 2016 and is uptrending. It has underperformed by 5.79% the S&P500.

Choate Investment Advisors decreased its stake in Bhp Billiton Ltd Spons Adr (BHP) by 10.51% based on its latest 2017Q2 regulatory filing with the SEC. Choate Investment Advisors sold 850 shares as the company’s stock declined 8.86% while stock markets rallied. The institutional investor held 7,237 shares of the precious metals company at the end of 2017Q2, valued at $257.57 million, down from 8,087 at the end of the previous reported quarter. Choate Investment Advisors who had been investing in Bhp Billiton Ltd Spons Adr for a number of months, seems to be less bullish one the $107.73 billion market cap company. The stock increased 1.50% or $0.62 on November 22, reaching $42.27. About shares traded. BHP Billiton Limited (ADR) (NYSE:BHP) has risen 34.32% since November 24, 2016 and is uptrending. It has outperformed by 17.62% the S&P500.

Among 25 analysts covering BHP Billiton Limited (ADR) (NYSE:BHP), 9 have Buy rating, 5 Sell and 11 Hold. Therefore 36% are positive. BHP Billiton Limited (ADR) had 53 analyst reports since July 22, 2015 according to SRatingsIntel. Morgan Stanley upgraded the shares of BHP in report on Wednesday, January 13 to “Overweight” rating. As per Tuesday, November 17, the company rating was downgraded by Clarkson Platou. HSBC downgraded the stock to “Hold” rating in Friday, July 14 report. The stock of BHP Billiton Limited (ADR) (NYSE:BHP) earned “Hold” rating by Liberum Capital on Wednesday, August 5. The stock of BHP Billiton Limited (ADR) (NYSE:BHP) earned “Buy” rating by Argus Research on Tuesday, August 30. The firm has “Hold” rating given on Thursday, July 13 by Cowen & Co. As per Friday, April 7, the company rating was upgraded by CLSA. As per Tuesday, February 9, the company rating was initiated by RBC Capital Markets. The firm has “Sell” rating by Liberum Capital given on Wednesday, July 22. On Friday, January 8 the stock rating was downgraded by Macquarie Research to “Neutral”.

Another recent and important BHP Billiton Limited (ADR) (NYSE:BHP) news was published by Investorplace.com which published an article titled: “BHP Billiton Limited (ADR) (BHP) to Exit US Shale Business” on August 22, 2017.

Choate Investment Advisors, which manages about $3.44B and $1.77 billion US Long portfolio, upped its stake in Powershares Russell 1000 Equal by 653,815 shares to 1.63M shares, valued at $46.37 billion in 2017Q2, according to the filing. It also increased its holding in Guggenheim S&P Global Water Indx Etf (CGW) by 57,045 shares in the quarter, for a total of 1.83 million shares, and has risen its stake in Mastercard Inc Cl A (NYSE:MA).

Lombard Odier Asset Management Switzerland Sa, which manages about $871.13M US Long portfolio, decreased its stake in Vanguard Intl Equity Index F (VPL) by 70,345 shares to 126,717 shares, valued at $8.34M in 2017Q2, according to the filing. It also reduced its holding in Boston Scientific Corp (NYSE:BSX) by 211,778 shares in the quarter, leaving it with 34,321 shares, and cut its stake in Electronic Arts Inc (NASDAQ:EA).

Investors sentiment increased to 0.97 in 2017 Q2. Its up 0.05, from 0.92 in 2017Q1. It increased, as 32 investors sold AVY shares while 164 reduced holdings. 60 funds opened positions while 130 raised stakes. 71.92 million shares or 2.27% less from 73.59 million shares in 2017Q1 were reported. Mitsubishi Ufj And Bk Corp holds 0.03% in Avery Dennison Corp (NYSE:AVY) or 180,988 shares. The Minnesota-based Advantus Mgmt Inc has invested 0.02% in Avery Dennison Corp (NYSE:AVY). Exane Derivatives, a France-based fund reported 3 shares. Wells Fargo & Mn accumulated 1.01M shares. Kbc Group Nv holds 57,096 shares or 0.05% of its portfolio. Pinnacle holds 8,600 shares. California State Teachers Retirement owns 163,481 shares or 0.03% of their US portfolio. Northern Tru Corporation holds 1.12M shares. State Teachers Retirement stated it has 138,399 shares. Pub Employees Retirement Systems Of Ohio holds 0.02% or 41,742 shares. Moreover, Bowen Hanes has 1.62% invested in Avery Dennison Corp (NYSE:AVY). Paloma Prtn Mngmt has invested 0.02% in Avery Dennison Corp (NYSE:AVY). Renaissance Technology Limited Liability reported 0.05% of its portfolio in Avery Dennison Corp (NYSE:AVY). Utah Retirement System holds 0.03% or 16,125 shares in its portfolio. Wall Street Access Asset Mngmt Ltd Com stated it has 0.9% in Avery Dennison Corp (NYSE:AVY).

Since May 30, 2017, it had 0 insider buys, and 2 selling transactions for $954,517 activity. $532,017 worth of Avery Dennison Corp (NYSE:AVY) shares were sold by Anderson Anthony.

Among 9 analysts covering Avery Dennison (NYSE:AVY), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Avery Dennison had 23 analyst reports since October 15, 2015 according to SRatingsIntel. As per Tuesday, June 20, the company rating was upgraded by Bank of America. On Thursday, October 26 the stock rating was maintained by Robert W. Baird with “Buy”. JP Morgan downgraded the shares of AVY in report on Thursday, October 26 to “Neutral” rating. The firm earned “Hold” rating on Thursday, October 26 by Loop Capital. The stock has “Hold” rating by KeyBanc Capital Markets on Wednesday, June 21. The firm earned “Overweight” rating on Monday, October 30 by Barclays Capital. The firm has “Buy” rating by Citigroup given on Friday, January 6. JP Morgan downgraded the shares of AVY in report on Friday, May 20 to “Neutral” rating. The firm has “Underperform” rating given on Friday, July 1 by Bank of America. The firm has “Buy” rating given on Tuesday, October 10 by Robert W. Baird.

More notable recent Avery Dennison Corp (NYSE:AVY) news were published by: Nasdaq.com which released: “Avery Dennison Corp (AVY) President and CEO Mitchell R Butier Sold $8.2 …” on November 02, 2017, also Therealdeal.com with their article: “Former Avery Dennison HQ in Pasadena in contract to sell for $50M: sources” published on November 13, 2017, Labusinessjournal.com published: “Avery Dennison Corp. Acquires Irish Medical Supplier” on May 22, 2017. More interesting news about Avery Dennison Corp (NYSE:AVY) were released by: Crainscleveland.com and their article: “Avery Dennison adds ‘creative sandbox’ to Painesville Township plant” published on June 11, 2017 as well as Nasdaq.com‘s news article titled: “Avery Dennison Corp. Q3 Income Advances 24%” with publication date: October 25, 2017.

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.