Friday, 29 June 2018

Smithbridge Asset Management Has Cut Accenture Plc Shs Cl A New (ACN) Holding; Brookfield Asset Management Has Lowered Its Apple (AAPL) Stake

Accenture plc (NYSE:ACN) Logo

Smithbridge Asset Management Inc decreased Accenture Plc Shs Cl A New (ACN) stake by 9.72% reported in 2018Q1 SEC filing. Smithbridge Asset Management Inc sold 3,925 shares as Accenture Plc Shs Cl A New (ACN)’s stock declined 5.31%. The Smithbridge Asset Management Inc holds 36,475 shares with $5.60 million value, down from 40,400 last quarter. Accenture Plc Shs Cl A New now has $105.79B valuation. The stock increased 5.90% or $9.16 during the last trading session, reaching $164.5. About 5.80 million shares traded or 171.03% up from the average. Accenture plc (NYSE:ACN) has risen 26.72% since June 29, 2017 and is uptrending. It has outperformed by 14.15% the S&P500. Some Historical ACN News: 29/03/2018 – MEREDITH CORP – FINANCIAL TERMS OF TRANSACTION ARE NOT BEING DISCLOSED; 24/04/2018 – Accenture Recognized with 15 Regional Oracle Excellence Awards; 12/04/2018 – ACCENTURE PLC – VENKATA “MURTHY” RENDUCHINTALA HAS BEEN APPOINTED TO BOARD, EFFECTIVE THURSDAY; 16/05/2018 – Duck Creek Technologies’ Formation ‘18 Sees Record Attendance, Unveils P&C Innovation Lab, Sets New Bar for Operational Efficiency in the Industry; 06/03/2018 – ACCENTURE PLC – TERMS OF TRANSACTION WERE NOT DISCLOSED; 06/03/2018 – Accenture Interactive Selected by The Walt Disney Studios as Innovation Partner of Disney StudioLAB; 03/05/2018 – Accenture to Co-Develop Digital Defense and Security Solution with SAP, Helping Defense Agencies Accelerate Digital Capabilities; 02/05/2018 – Banks Must Invest in Reskilling Their Workforces to Seize AI-driven Growth Opportunities, Accenture Report Finds; 30/05/2018 – Accenture Named to Winner’s Circle by HfS Research as Innovation Leader in Smart Analytics; 18/04/2018 – Accenture Positioned as Overall Leader in HfS Blueprint for ServiceNow Services

Brookfield Asset Management Inc decreased Apple Inc (AAPL) stake by 10.44% reported in 2018Q1 SEC filing. Brookfield Asset Management Inc sold 7,000 shares as Apple Inc (AAPL)’s stock rose 5.37%. The Brookfield Asset Management Inc holds 60,060 shares with $10.08M value, down from 67,060 last quarter. Apple Inc now has $911.76 billion valuation. The stock increased 0.73% or $1.34 during the last trading session, reaching $185.5. About 15.74 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 22.56% since June 29, 2017 and is uptrending. It has outperformed by 9.99% the S&P500. Some Historical AAPL News: 30/05/2018 – Channel NewsAsia: Singtel to offer Apple Music without mobile data constraints; 25/04/2018 – Apple cuts iPhone parts orders in Taiwan, sources say; 02/05/2018 – Rival Apple Music also said last month that it had 40 million paid subscribers, hinting at its fast growth; 27/03/2018 – Rift deepens between Apple, India’s telecom regulator over anti-spam app; 10/04/2018 – Gender Pay Scorecard: Failing Grades For Facebook, Goldman Sachs And Walmart; Top Marks For Apple, Nike And Wells Fargo; 13/04/2018 – Saudi Aramco may be more profitable than Apple, according to a leaked report; 13/03/2018 – Apple, Google see reputation of corporate brands tumble in survey; 23/05/2018 – The company does have monthly subscriptions for Apple Music and iCloud; 04/04/2018 – ClinicalTrial US: Anti-platelet Therapy in the Prevention of Cardiovascular Disease in Patients With COPD (APPLE-COPD: ICON 2); 19/03/2018 – Apple: Are People Sick of Expensive Phones? — Barrons.com

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on August, 7. They expect $2.19 earnings per share, up 31.14% or $0.52 from last year’s $1.67 per share. AAPL’s profit will be $10.76 billion for 21.18 P/E if the $2.19 EPS becomes a reality. After $2.73 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts -19.78% negative EPS growth.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Seekingalpha.com which released: “Apple: Just A Speed Bump?” on June 26, 2018, also Nasdaq.com with their article: “Here’s How Android Switchers Could Be the Next Big Boost for Apple Stock” published on June 28, 2018, Nasdaq.com published: “Go Long Netflix Stock Despite Trade War Uncertainty” on June 28, 2018. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Livetradingnews.com and their article: “Apple Inc. (NASDAQ:AAPL) Samsung settle US patent dispute” published on June 28, 2018 as well as Seekingalpha.com‘s news article titled: “Apple Pivots Its Business Model” with publication date: June 27, 2018.

Among 35 analysts covering Apple (NASDAQ:AAPL), 19 have Buy rating, 0 Sell and 16 Hold. Therefore 54% are positive. Apple had 80 analyst reports since January 2, 2018 according to SRatingsIntel. DA Davidson initiated the stock with “Buy” rating in Monday, April 30 report. The firm has “Hold” rating given on Wednesday, May 2 by KeyBanc Capital Markets. The rating was maintained by Guggenheim with “Buy” on Friday, April 13. Guggenheim maintained Apple Inc. (NASDAQ:AAPL) rating on Thursday, January 18. Guggenheim has “Buy” rating and $215.0 target. Robert W. Baird maintained the shares of AAPL in report on Wednesday, May 2 with “Buy” rating. Barclays Capital maintained the stock with “Equal-Weight” rating in Friday, March 16 report. The company was maintained on Monday, March 5 by RBC Capital Markets. As per Tuesday, February 13, the company rating was maintained by Nomura. The rating was maintained by RBC Capital Markets with “Buy” on Monday, January 15. The firm has “Buy” rating by Monness given on Wednesday, May 2.

Investors sentiment decreased to 0.69 in Q1 2018. Its down 0.04, from 0.73 in 2017Q4. It dropped, as 69 investors sold AAPL shares while 1039 reduced holdings. 125 funds opened positions while 645 raised stakes. 2.86 billion shares or 3.74% less from 2.98 billion shares in 2017Q4 were reported. Pittenger & Anderson reported 61,585 shares or 0.91% of all its holdings. De Burlo Gru Incorporated reported 81,141 shares. Patten, a Tennessee-based fund reported 32,756 shares. Eii Inc has invested 0.06% in Apple Inc. (NASDAQ:AAPL). Mercer Advisers stated it has 5.04% in Apple Inc. (NASDAQ:AAPL). Aspiriant Ltd Liability Com reported 124,254 shares. Moreover, Tnb has 3.29% invested in Apple Inc. (NASDAQ:AAPL). Glovista Investments Llc reported 4,377 shares stake. Tocqueville Asset LP has 802,531 shares. Sentinel Trust Communications Lba has invested 1.28% in Apple Inc. (NASDAQ:AAPL). Keystone Planning has invested 1.01% in Apple Inc. (NASDAQ:AAPL). 40,080 were reported by Gardner Lewis Asset Mngmt L P. Marietta Partners Ltd Com holds 2.71% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 53,899 shares. Institute For Wealth Mgmt Limited Liability Corp, a Colorado-based fund reported 55,185 shares. Goelzer Inv Mngmt has 1.57% invested in Apple Inc. (NASDAQ:AAPL) for 78,109 shares.

Since January 5, 2018, it had 0 insider buys, and 13 selling transactions for $52.34 million activity. $910,129 worth of Apple Inc. (NASDAQ:AAPL) was sold by KONDO CHRIS on Wednesday, May 16. Maestri Luca sold $903,928 worth of Apple Inc. (NASDAQ:AAPL) on Thursday, May 31. Shares for $2.99 million were sold by WILLIAMS JEFFREY E on Friday, June 8. Riccio Daniel J. sold $3.26 million worth of stock. 69,491 shares were sold by SCHILLER PHILIP W, worth $11.56M on Tuesday, April 3. 38,228 shares were sold by AHRENDTS ANGELA J, worth $6.75M. LEVINSON ARTHUR D had sold 35,000 shares worth $6.51 million.

Brookfield Asset Management Inc increased Eqt Midstream Partners Lp (NYSE:EQM) stake by 413,314 shares to 994,647 valued at $58.71 million in 2018Q1. It also upped Hudson Pac Pptys Inc (NYSE:HPP) stake by 1.51 million shares and now owns 5.02 million shares. Ryerson Hldg Corp (NYSE:RYI) was raised too.

Investors sentiment increased to 0.97 in Q1 2018. Its up 0.04, from 0.93 in 2017Q4. It increased, as 50 investors sold ACN shares while 396 reduced holdings. 105 funds opened positions while 326 raised stakes. 449.75 million shares or 1.56% less from 456.89 million shares in 2017Q4 were reported. Amer Fincl Bank has invested 1.73% of its portfolio in Accenture plc (NYSE:ACN). The Pennsylvania-based Logan Capital Management has invested 0.18% in Accenture plc (NYSE:ACN). Oarsman Cap Incorporated owns 0.36% invested in Accenture plc (NYSE:ACN) for 5,198 shares. Sather Gru Incorporated reported 1.57% of its portfolio in Accenture plc (NYSE:ACN). Duff & Phelps holds 0.02% or 6,565 shares in its portfolio. Pinnacle Limited has 75,866 shares for 0.23% of their portfolio. Moreover, Union National Bank Corporation has 0.99% invested in Accenture plc (NYSE:ACN) for 20,826 shares. The Japan-based Meiji Yasuda Life Comm has invested 0.51% in Accenture plc (NYSE:ACN). Sandy Spring Bankshares owns 0.34% invested in Accenture plc (NYSE:ACN) for 24,842 shares. First Foundation Advsrs holds 0.04% or 4,740 shares. New York-based Silvercrest Asset Mngmt Grp Ltd Llc has invested 0.09% in Accenture plc (NYSE:ACN). Moreover, Los Angeles Capital Management And Equity Research Inc has 0.49% invested in Accenture plc (NYSE:ACN). Hsbc Hldg Public Ltd owns 0.1% invested in Accenture plc (NYSE:ACN) for 455,765 shares. 11,074 are held by Bluecrest Mgmt Limited. 33,723 are owned by Financial Bank.

Among 10 analysts covering Accenture (NYSE:ACN), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Accenture has $181 highest and $154 lowest target. $170.20’s average target is 3.47% above currents $164.5 stock price. Accenture had 14 analyst reports since January 2, 2018 according to SRatingsIntel. The company was maintained on Thursday, January 11 by Cowen & Co. The stock has “Hold” rating by Credit Suisse on Tuesday, January 2. The company was maintained on Tuesday, March 20 by Susquehanna. Susquehanna upgraded Accenture plc (NYSE:ACN) on Tuesday, June 19 to “Positive” rating. The firm has “Buy” rating given on Monday, April 2 by Wedbush. The firm has “Buy” rating by KeyBanc Capital Markets given on Friday, May 18. The company was maintained on Thursday, March 22 by BMO Capital Markets. Wedbush maintained Accenture plc (NYSE:ACN) rating on Tuesday, March 20. Wedbush has “Outperform” rating and $180 target. Robert W. Baird maintained Accenture plc (NYSE:ACN) rating on Tuesday, March 20. Robert W. Baird has “Neutral” rating and $165 target. The stock of Accenture plc (NYSE:ACN) has “Buy” rating given on Thursday, June 21 by Stifel Nicolaus.

Apple Inc. (NASDAQ:AAPL) Institutional Positions Chart

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