Altavista Wealth Management Has Cut Its Darden Restaurants (DRI) Position; Gvo Asset Management LTD Has Trimmed Jpmorgan Chase & Co (JPM) Position

December 11, 2017 - By Darrin Black

Altavista Wealth Management Inc decreased Darden Restaurants Inc (DRI) stake by 39.72% reported in 2017Q2 SEC filing. Altavista Wealth Management Inc sold 16,553 shares as Darden Restaurants Inc (DRI)’s stock rose 13.33%. The Altavista Wealth Management Inc holds 25,119 shares with $2.27M value, down from 41,672 last quarter. Darden Restaurants Inc now has $10.64B valuation. The stock decreased 0.42% or $0.36 during the last trading session, reaching $86.05. About 399,928 shares traded. Darden Restaurants, Inc. (NYSE:DRI) has risen 31.96% since December 11, 2016 and is uptrending. It has outperformed by 15.26% the S&P500.

Gvo Asset Management Ltd decreased Jpmorgan Chase & Co (JPM) stake by 25.28% reported in 2017Q2 SEC filing. Gvo Asset Management Ltd sold 97,339 shares as Jpmorgan Chase & Co (JPM)’s stock declined 6.04%. The Gvo Asset Management Ltd holds 287,772 shares with $26.30 million value, down from 385,111 last quarter. Jpmorgan Chase & Co now has $365.55 billion valuation. The stock decreased 0.53% or $0.56 during the last trading session, reaching $105.37. About 4.56M shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since December 11, 2016 and is uptrending. It has outperformed by 17.04% the S&P500.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on January, 12. They expect $1.71 earnings per share, 0.00% or $0.00 from last year’s $1.71 per share. JPM’s profit will be $5.93 billion for 15.40 P/E if the $1.71 EPS becomes a reality. After $1.76 actual earnings per share reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts -2.84% negative EPS growth.

Investors sentiment decreased to 0.91 in Q2 2017. Its down 0.28, from 1.19 in 2017Q1. It fall, as 56 investors sold JPM shares while 678 reduced holdings. 146 funds opened positions while 731 raised stakes. 2.69 billion shares or 4.21% more from 2.58 billion shares in 2017Q1 were reported. Dock Street Asset Management reported 0.12% stake. Warren Averett Asset Ltd Liability stated it has 0.37% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). First Eagle Inv Mgmt Ltd Liability reported 30,300 shares or 0.01% of all its holdings. Patten Group Inc stated it has 1.21% in JPMorgan Chase & Co. (NYSE:JPM). Vanguard invested in 1.13% or 249.89M shares. Huber Ltd Limited Liability Company reported 480,676 shares. Alliancebernstein Ltd Partnership invested in 1.23% or 17.46M shares. Arga Invest Management LP holds 0.97% or 76,700 shares. Wallace Mgmt holds 0.04% or 2,411 shares. Martin And Tn holds 41,995 shares or 1.18% of its portfolio. First Commercial Bank Sioux Falls reported 7,395 shares stake. Holderness Investments Com reported 12,236 shares stake. Franklin Street Nc holds 2.33% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 149,101 shares. Mariner Wealth Advsr holds 156,065 shares. The United Kingdom-based Polar Cap Limited Liability Partnership has invested 0.92% in JPMorgan Chase & Co. (NYSE:JPM).

Among 32 analysts covering JPMorgan Chase & Co (NYSE:JPM), 17 have Buy rating, 2 Sell and 13 Hold. Therefore 53% are positive. JPMorgan Chase & Co had 89 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, January 15 by Argus Research. Argus Research maintained it with “Buy” rating and $76 target in Wednesday, October 14 report. The stock has “Hold” rating by BMO Capital Markets on Friday, October 6. On Friday, July 14 the stock rating was maintained by BMO Capital Markets with “Hold”. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Hold” rating given on Monday, April 25 by Ertse Group. The company was maintained on Wednesday, August 12 by Deutsche Bank. The rating was initiated by Berenberg with “Sell” on Wednesday, July 13. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Buy” rating by UBS on Wednesday, January 11. Bank of America maintained it with “Buy” rating and $9900 target in Sunday, July 16 report. The firm has “Overweight” rating given on Monday, January 18 by Atlantic Securities.

Analysts await Darden Restaurants, Inc. (NYSE:DRI) to report earnings on December, 19. They expect $0.69 earnings per share, up 7.81% or $0.05 from last year’s $0.64 per share. DRI’s profit will be $85.33M for 31.18 P/E if the $0.69 EPS becomes a reality. After $0.99 actual earnings per share reported by Darden Restaurants, Inc. for the previous quarter, Wall Street now forecasts -30.30% negative EPS growth.

Among 26 analysts covering Darden Restaurants (NYSE:DRI), 11 have Buy rating, 0 Sell and 15 Hold. Therefore 42% are positive. Darden Restaurants had 74 analyst reports since August 25, 2015 according to SRatingsIntel. On Thursday, January 5 the stock rating was upgraded by Argus Research to “Buy”. Citigroup maintained it with “Buy” rating and $90 target in Monday, October 2 report. The firm has “Neutral” rating given on Wednesday, October 5 by SunTrust. The firm has “Hold” rating given on Wednesday, September 27 by BMO Capital Markets. The firm has “Buy” rating by Canaccord Genuity given on Friday, June 9. Longbow initiated Darden Restaurants, Inc. (NYSE:DRI) on Friday, October 13 with “Hold” rating. Bernstein initiated the shares of DRI in report on Thursday, May 26 with “Market Perform” rating. The firm has “Neutral” rating by Credit Suisse given on Tuesday, November 29. Credit Suisse maintained it with “Outperform” rating and $64 target in Friday, November 13 report. On Thursday, October 19 the stock rating was maintained by BMO Capital Markets with “Market Perform”.

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