Dock Street Asset Management Has Decreased Its Stake in Apple (AAPL) as Stock Price Rose; As Exxon Mobil (XOM) Market Valuation Rose, Holder Fundx Investment Group Trimmed Its Holding

November 15, 2017 - By Migdalia James

Fundx Investment Group Llc decreased its stake in Exxon Mobil Corp (XOM) by 32.65% based on its latest 2017Q2 regulatory filing with the SEC. Fundx Investment Group Llc sold 4,576 shares as the company’s stock rose 0.21% with the market. The institutional investor held 9,440 shares of the integrated oil company at the end of 2017Q2, valued at $762,000, down from 14,016 at the end of the previous reported quarter. Fundx Investment Group Llc who had been investing in Exxon Mobil Corp for a number of months, seems to be less bullish one the $347.32B market cap company. The stock declined 0.33% or $0.27 reaching $81.97 per share. About 119,316 shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since November 15, 2016 and is downtrending. It has underperformed by 25.78% the S&P500.

Dock Street Asset Management Inc decreased its stake in Apple (AAPL) by 3.91% based on its latest 2017Q2 regulatory filing with the SEC. Dock Street Asset Management Inc sold 8,923 shares as the company’s stock rose 12.78% with the market. The institutional investor held 219,223 shares of the computer manufacturing company at the end of 2017Q2, valued at $31.57M, down from 228,146 at the end of the previous reported quarter. Dock Street Asset Management Inc who had been investing in Apple for a number of months, seems to be less bullish one the $867.62 billion market cap company. The stock declined 1.37% or $2.35 reaching $168.99 per share. About 470,042 shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since November 15, 2016 and is uptrending. It has outperformed by 45.78% the S&P500.

More notable recent Exxon Mobil Corporation (NYSE:XOM) news were published by: Seekingalpha.com which released: “Exxon Mobil: The Upcycle Is Helping” on October 31, 2017, also Nasdaq.com with their article: “Exxon Mobil Corporation (XOM) Ex-Dividend Date Scheduled for November 10, 2017” published on November 09, 2017, Seekingalpha.com published: “Exxon Mobil: Rating Update” on November 07, 2017. More interesting news about Exxon Mobil Corporation (NYSE:XOM) were released by: Fool.com and their article: “2 Reasons Exxon Mobil Corporation Is a Better Value Stock than Royal Dutch …” published on October 24, 2017 as well as Reuters.com‘s news article titled: “Ghana opens talks with Exxon on deepwater drilling contract” with publication date: November 13, 2017.

Analysts await Exxon Mobil Corporation (NYSE:XOM) to report earnings on January, 30. They expect $0.99 EPS, up 10.00% or $0.09 from last year’s $0.9 per share. XOM’s profit will be $4.19B for 20.70 P/E if the $0.99 EPS becomes a reality. After $0.93 actual EPS reported by Exxon Mobil Corporation for the previous quarter, Wall Street now forecasts 6.45% EPS growth.

Fundx Investment Group Llc, which manages about $976.12 million and $245.42 million US Long portfolio, upped its stake in Spdr Index Shs Fds (EWX) by 31,715 shares to 41,715 shares, valued at $1.95 million in 2017Q2, according to the filing.

Investors sentiment decreased to 0.85 in 2017 Q2. Its down 0.04, from 0.89 in 2017Q1. It dived, as 48 investors sold XOM shares while 822 reduced holdings. 103 funds opened positions while 639 raised stakes. 2.12 billion shares or 0.55% more from 2.10 billion shares in 2017Q1 were reported. Moreover, First Fiduciary Counsel has 2.64% invested in Exxon Mobil Corporation (NYSE:XOM). Pacad holds 2.29% or 193,454 shares. Wilbanks Smith And Thomas Asset Mgmt Ltd Llc invested in 0.64% or 90,411 shares. Hennessy Advsr holds 134,110 shares or 0.33% of its portfolio. Dearborn Ltd Liability reported 1.33% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Moreover, Redwood Invs Llc has 0% invested in Exxon Mobil Corporation (NYSE:XOM) for 234 shares. Valmark Advisers Inc holds 0.01% or 2,652 shares. M Holding Secs stated it has 1.27% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Gotham Asset Management Ltd Liability Com holds 0.03% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 22,359 shares. Magnetar Fincl Limited Liability Corp holds 12,727 shares or 0.02% of its portfolio. A D Beadell Counsel invested in 0.48% or 7,312 shares. Bowen Hanes & accumulated 324,097 shares or 1.28% of the stock. Martin Currie Ltd has 4,200 shares for 0.03% of their portfolio. The Massachusetts-based St Germain D J has invested 2.29% in Exxon Mobil Corporation (NYSE:XOM). California Pub Employees Retirement Sys has 10.68M shares.

Among 25 analysts covering Exxon Mobil (NYSE:XOM), 9 have Buy rating, 6 Sell and 10 Hold. Therefore 36% are positive. Exxon Mobil had 75 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Neutral” rating given on Friday, April 7 by Jefferies. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Hold” rating by RBC Capital Markets on Thursday, July 20. Barclays Capital maintained Exxon Mobil Corporation (NYSE:XOM) on Tuesday, January 12 with “Equal Weight” rating. Bank of America upgraded Exxon Mobil Corporation (NYSE:XOM) on Thursday, May 11 to “Buy” rating. The rating was reinitiated by RBC Capital Markets on Thursday, July 6 with “Buy”. Howard Weil upgraded the stock to “Sector Outperform” rating in Monday, June 5 report. The firm has “Hold” rating given on Tuesday, August 29 by RBC Capital Markets. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Hold” rating by Jefferies on Friday, June 23. HSBC maintained the stock with “Hold” rating in Wednesday, March 8 report. The rating was maintained by Cowen & Co on Tuesday, October 24 with “Buy”.

Dock Street Asset Management Inc, which manages about $409.17 million and $213.61M US Long portfolio, upped its stake in Monster Beverage by 11,358 shares to 98,664 shares, valued at $4.90 million in 2017Q2, according to the filing. It also increased its holding in Domino’s Pizza (NYSE:DPZ) by 1,992 shares in the quarter, for a total of 27,609 shares, and has risen its stake in S&P Global.

Among 49 analysts covering Apple Inc. (NASDAQ:AAPL), 40 have Buy rating, 1 Sell and 8 Hold. Therefore 82% are positive. Apple Inc. had 329 analyst reports since July 21, 2015 according to SRatingsIntel. As per Monday, March 7, the company rating was maintained by Pacific Crest. The stock has “Outperform” rating by BMO Capital Markets on Friday, November 3. The stock of Apple Inc. (NASDAQ:AAPL) has “Hold” rating given on Monday, August 21 by Credit Suisse. The rating was initiated by Rosenblatt on Wednesday, September 9 with “Buy”. The firm has “Negative” rating given on Thursday, January 19 by OTR Global. As per Friday, September 11, the company rating was reinitiated by Rosenblatt. The firm has “Buy” rating by Guggenheim given on Tuesday, February 28. As per Wednesday, September 13, the company rating was maintained by BMO Capital Markets. As per Friday, September 11, the company rating was maintained by Susquehanna. The firm has “Hold” rating by Rosenblatt given on Tuesday, September 26.

Since May 16, 2017, it had 0 insider purchases, and 6 insider sales for $22.49 million activity. Riccio Daniel J. sold $1.86 million worth of Apple Inc. (NASDAQ:AAPL) on Tuesday, May 16. Shares for $735,898 were sold by Maestri Luca. The insider Cue Eduardo H sold $6.92 million. Shares for $9.91M were sold by FEDERIGHI CRAIG.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Fool.com which released: “Canalys: Apple, Inc. Sold 3.9 Million Apple Watches Last Quarter” on November 14, 2017, also Fool.com with their article: “Why Won’t Apple Inc. Talk About iPhone Mix?” published on November 11, 2017, Seekingalpha.com published: “Look To Go Small, But Stick With Apple” on November 14, 2017. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Reuters.com and their article: “Exclusive: Apple to help India develop anti-spam app after face-off with regulator” published on November 15, 2017 as well as Seekingalpha.com‘s news article titled: “Is It Too Late To Buy Apple Stock?” with publication date: November 14, 2017.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on January, 30. They expect $3.75 earnings per share, up 11.61% or $0.39 from last year’s $3.36 per share. AAPL’s profit will be $19.25 billion for 11.26 P/E if the $3.75 EPS becomes a reality. After $2.07 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts 81.16% EPS growth.

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