As Farmers Natl Banc (FMNB) Stock Declined, Shareholder Ancora Advisors Increased Stake; As Apple (AAPL) Stock Rose, Independent Investors Trimmed Its Stake

January 15, 2018 - By Migdalia James

Independent Investors Inc decreased its stake in Apple Inc. (AAPL) by 1.33% based on its latest 2017Q3 regulatory filing with the SEC. Independent Investors Inc sold 5,200 shares as the company’s stock rose 12.78% with the market. The institutional investor held 387,183 shares of the computer manufacturing company at the end of 2017Q3, valued at $59.67M, down from 392,383 at the end of the previous reported quarter. Independent Investors Inc who had been investing in Apple Inc. for a number of months, seems to be less bullish one the $900.87 billion market cap company. The stock increased 1.03% or $1.81 during the last trading session, reaching $177.09. About 25.42M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since January 15, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Ancora Advisors Llc increased its stake in Farmers Natl Banc Corp (FMNB) by 20.09% based on its latest 2017Q3 regulatory filing with the SEC. Ancora Advisors Llc bought 37,731 shares as the company’s stock declined 3.89% while stock markets rallied. The hedge fund held 225,587 shares of the major banks company at the end of 2017Q3, valued at $3.40M, up from 187,856 at the end of the previous reported quarter. Ancora Advisors Llc who had been investing in Farmers Natl Banc Corp for a number of months, seems to be bullish on the $435.20M market cap company. It closed at $15.8 lastly. It is up 47.67% since January 15, 2017 and is uptrending. It has outperformed by 30.97% the S&P500.

Among 3 analysts covering Farmers National Banc Corp (NASDAQ:FMNB), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Farmers National Banc Corp had 10 analyst reports since September 22, 2015 according to SRatingsIntel. The stock has “Hold” rating by Keefe Bruyette & Woods on Friday, October 27. On Wednesday, August 30 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, December 21. The firm has “Outperform” rating by Keefe Bruyette & Woods given on Tuesday, September 22. Raymond James initiated Farmers National Banc Corp. (NASDAQ:FMNB) rating on Thursday, January 14. Raymond James has “Outperform” rating and $10 target. The firm has “Mkt Perform” rating by Raymond James given on Friday, December 16. Wood downgraded Farmers National Banc Corp. (NASDAQ:FMNB) on Friday, October 27 to “Market Perform” rating. The stock of Farmers National Banc Corp. (NASDAQ:FMNB) earned “Buy” rating by Keefe Bruyette & Woods on Monday, June 26. The company was maintained on Tuesday, October 3 by Keefe Bruyette & Woods.

Since January 2, 2018, it had 8 insider buys, and 0 insider sales for $8,799 activity. Helmick Kevin J bought $502 worth of stock. Moore Terry A bought $3,336 worth of stock or 226 shares. Another trade for 51 shares valued at $753 was bought by Sabat Joseph W. 17 shares were bought by Paull David Z, worth $251 on Tuesday, January 2. The insider Muransky Edward bought $3,336. Wallace Amber B bought $207 worth of stock or 14 shares.

Investors sentiment increased to 1.34 in Q3 2017. Its up 0.06, from 1.28 in 2017Q2. It improved, as 6 investors sold FMNB shares while 26 reduced holdings. 11 funds opened positions while 32 raised stakes. 9.53 million shares or 2.29% more from 9.31 million shares in 2017Q2 were reported. 62,059 are held by Hbk Sorce Advisory Ltd. Manufacturers Life Insurance Co The stated it has 19,186 shares. Rhumbline Advisers owns 26,960 shares for 0% of their portfolio. Ancora Advisors Ltd Co holds 225,587 shares. Comml Bank Of Mellon stated it has 0% of its portfolio in Farmers National Banc Corp. (NASDAQ:FMNB). California Public Employees Retirement System owns 39,200 shares. Prns Limited Oh Adv has invested 2.17% in Farmers National Banc Corp. (NASDAQ:FMNB). Jpmorgan Chase & accumulated 102,500 shares or 0% of the stock. Vanguard Group Inc stated it has 0% of its portfolio in Farmers National Banc Corp. (NASDAQ:FMNB). Lsv Asset owns 450,356 shares. Federated Invsts Pa holds 209 shares. American Int Grp owns 16,893 shares for 0% of their portfolio. Banc Funds Co Limited Co accumulated 297,133 shares. Bowling Port Ltd Liability, a Ohio-based fund reported 93,583 shares. Farmers Tru Company reported 1.22% in Farmers National Banc Corp. (NASDAQ:FMNB).

Ancora Advisors Llc, which manages about $3.12 billion and $1.73 billion US Long portfolio, decreased its stake in Mondelez Intl Inc (NASDAQ:MDLZ) by 8,488 shares to 18,400 shares, valued at $748,000 in 2017Q3, according to the filing. It also reduced its holding in Riverview Bancorp Inc (NASDAQ:RVSB) by 851,010 shares in the quarter, leaving it with 31,935 shares, and cut its stake in Novelion Therapeutics Inc.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on January, 30. They expect $3.75 EPS, up 11.61% or $0.39 from last year’s $3.36 per share. AAPL’s profit will be $19.08 billion for 11.81 P/E if the $3.75 EPS becomes a reality. After $2.07 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts 81.16% EPS growth.

Among 52 analysts covering Apple Inc. (NASDAQ:AAPL), 40 have Buy rating, 1 Sell and 11 Hold. Therefore 77% are positive. Apple Inc. had 346 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Wednesday, October 28 by Susquehanna. The company was maintained on Tuesday, August 22 by Rosenblatt. Drexel Hamilton initiated the stock with “Buy” rating in Thursday, October 1 report. Wells Fargo maintained the shares of AAPL in report on Tuesday, August 1 with “Hold” rating. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by BMO Capital Markets on Wednesday, July 12. On Wednesday, October 12 the stock rating was maintained by UBS with “Buy”. Cowen & Co maintained Apple Inc. (NASDAQ:AAPL) rating on Friday, October 21. Cowen & Co has “Outperform” rating and $135 target. J.P. Morgan maintained it with “Buy” rating and $176.0 target in Wednesday, September 13 report. Credit Suisse maintained the stock with “Buy” rating in Friday, September 11 report. UBS maintained Apple Inc. (NASDAQ:AAPL) on Monday, October 9 with “Buy” rating.

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