Financial & Investment Management Group LTD Cut Apple (AAPL) Stake By $478,055; Capital World Investors Has Raised Sysco (SYY) Holding

July 17, 2017 - By Migdalia James

Capital World Investors increased Sysco Corp (SYY) stake by 16.27% reported in 2016Q4 SEC filing. Capital World Investors acquired 1.00M shares as Sysco Corp (SYY)’s stock rose 4.26%. The Capital World Investors holds 7.15 million shares with $395.62 million value, up from 6.15 million last quarter. Sysco Corp now has $27.16B valuation. The stock increased 0.36% or $0.18 on July 14, reaching $50.57. About shares traded. SYSCO Corporation (NYSE:SYY) has risen 11.23% since July 17, 2016 and is uptrending. It has underperformed by 5.47% the S&P500.

Financial & Investment Management Group Ltd decreased Apple Inc (AAPL) stake by 61.07% reported in 2016Q4 SEC filing. Financial & Investment Management Group Ltd sold 4,157 shares as Apple Inc (AAPL)’s stock rose 12.78%. The Financial & Investment Management Group Ltd holds 2,650 shares with $307,000 value, down from 6,807 last quarter. Apple Inc now has $783.75 billion valuation. The stock increased 0.86% or $1.27 during the last trading session, reaching $149.04. About 2,632 shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since July 17, 2016 and is uptrending. It has outperformed by 45.78% the S&P500.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on August, 1 after the close. They expect $1.56 earnings per share, up 9.86% or $0.14 from last year’s $1.42 per share. AAPL’s profit will be $8.20 billion for 23.88 P/E if the $1.56 EPS becomes a reality. After $2.10 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts -25.71% negative EPS growth.

Investors sentiment decreased to 0.79 in 2016 Q4. Its down 0.03, from 0.82 in 2016Q3. It is negative, as 90 investors sold AAPL shares while 975 reduced holdings. 123 funds opened positions while 723 raised stakes. 3.04 billion shares or 1.85% more from 2.98 billion shares in 2016Q3 were reported. Mrj invested in 62,405 shares. Greenwich Wealth Mngmt Limited Liability Co invested in 71,772 shares or 1.05% of the stock. 850,216 are held by Boston Private Wealth Ltd Company. Arkansas-based Lathrop Investment Mngmt has invested 0.28% in Apple Inc. (NASDAQ:AAPL). Liberty Capital Incorporated has invested 2.58% in Apple Inc. (NASDAQ:AAPL). Armstrong Henry H Assoc Incorporated holds 0.48% in Apple Inc. (NASDAQ:AAPL) or 19,915 shares. 135,739 were reported by Taurus Asset Mngmt Ltd. Kelly Lawrence W Assoc Inc Ca has invested 5.44% in Apple Inc. (NASDAQ:AAPL). Reliance Trust Company Of Delaware holds 60,829 shares. Northeast Financial Consultants holds 20,319 shares or 1.05% of its portfolio. Fil Ltd reported 3.45M shares. Winch Advisory Services Ltd Liability, Wisconsin-based fund reported 44,784 shares. Corda Mngmt Lc accumulated 31,429 shares. Enterprise Financial Service holds 0.73% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 12,576 shares. Moreover, Clarkston Partners Ltd has 0.26% invested in Apple Inc. (NASDAQ:AAPL) for 47,043 shares.

Among 45 analysts covering Apple Inc. (NASDAQ:AAPL), 36 have Buy rating, 1 Sell and 8 Hold. Therefore 80% are positive. Apple Inc. had 243 analyst reports since July 21, 2015 according to SRatingsIntel. CLSA maintained Apple Inc. (NASDAQ:AAPL) on Thursday, March 10 with “Buy” rating. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by Brean Capital on Friday, September 11. The rating was upgraded by Raymond James on Wednesday, July 27 to “Outperform”. The firm has “Buy” rating given on Friday, September 16 by CLSA. Pacific Crest downgraded the stock to “Sector Weight” rating in Monday, June 5 report. The stock has “Overweight” rating by Morgan Stanley on Wednesday, July 27. The firm earned “Outperform” rating on Thursday, January 7 by RBC Capital Markets. The firm has “Overweight” rating by Pacific Crest given on Wednesday, April 27. Barclays Capital maintained Apple Inc. (NASDAQ:AAPL) rating on Wednesday, October 28. Barclays Capital has “Overweight” rating and $155 target. FBR Capital maintained Apple Inc. (NASDAQ:AAPL) rating on Monday, August 24. FBR Capital has “Outperform” rating and $175 target.

Since January 18, 2017, it had 0 insider purchases, and 28 insider sales for $157.18 million activity. COOK TIMOTHY D had sold 30,000 shares worth $3.60 million. LEVINSON ARTHUR D had sold 35,000 shares worth $5.39 million on Tuesday, May 9. $1.54M worth of Apple Inc. (NASDAQ:AAPL) shares were sold by Srouji Johny. Riccio Daniel J. sold $1.86M worth of stock or 11,949 shares. On Wednesday, February 1 the insider JUNG ANDREA sold $12.81M. The insider GORE ALBERT JR sold $29.45 million. The insider Maestri Luca sold 17,897 shares worth $2.51M.

Investors sentiment decreased to 0.85 in Q4 2016. Its down 0.04, from 0.89 in 2016Q3. It turned negative, as 53 investors sold SYY shares while 384 reduced holdings. 105 funds opened positions while 265 raised stakes. 402.13 million shares or 2.31% less from 411.64 million shares in 2016Q3 were reported. Associated Banc owns 63,975 shares. Moreover, Bank Of Nova Scotia has 0% invested in SYSCO Corporation (NYSE:SYY). Ar Asset has 0.24% invested in SYSCO Corporation (NYSE:SYY) for 10,000 shares. Regions Financial accumulated 72,107 shares. Qci Asset Inc Ny has invested 0.01% in SYSCO Corporation (NYSE:SYY). Lynch Assoc In reported 53,594 shares or 1.25% of all its holdings. Buckingham Asset Management Limited Company has 0.11% invested in SYSCO Corporation (NYSE:SYY) for 5,888 shares. Guardian Life Insur Communications Of America reported 0.02% of its portfolio in SYSCO Corporation (NYSE:SYY). Nexus Investment Mngmt holds 0.11% or 12,100 shares in its portfolio. Boyar Asset Inc holds 21,867 shares. Lowe Brockenbrough And Inc holds 0.67% in SYSCO Corporation (NYSE:SYY) or 72,268 shares. 1.53 million were accumulated by Tcw Gru Inc Inc. American & Mngmt accumulated 4,985 shares. Sunbelt Inc has 0% invested in SYSCO Corporation (NYSE:SYY) for 117 shares. Nicholas Prns Ltd Partnership reported 65,388 shares stake.

Capital World Investors decreased Norfolk Southern Corp (NYSE:NSC) stake by 4.99M shares to 5.20M valued at $561.96 million in 2016Q4. It also reduced Neurocrine Biosciences Inc (NASDAQ:NBIX) stake by 293,000 shares and now owns 1.19M shares. Equinix Inc (Reit) (NASDAQ:EQIX) was reduced too.

Since January 18, 2017, it had 1 insider buy, and 7 sales for $8.81 million activity. Shurts Wayne had sold 15,600 shares worth $862,914 on Monday, June 12. On Wednesday, February 15 DeLaney William J III sold $1.57M worth of SYSCO Corporation (NYSE:SYY) or 30,000 shares. 2,500 shares were bought by Brutto Daniel J, worth $129,850.

Among 19 analysts covering Sysco Corporation (NYSE:SYY), 10 have Buy rating, 1 Sell and 8 Hold. Therefore 53% are positive. Sysco Corporation had 36 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Underweight” rating given on Tuesday, February 2 by Morgan Stanley. Bank of America upgraded SYSCO Corporation (NYSE:SYY) on Tuesday, November 8 to “Buy” rating. Wells Fargo maintained SYSCO Corporation (NYSE:SYY) on Friday, June 23 with “Buy” rating. The stock of SYSCO Corporation (NYSE:SYY) has “Hold” rating given on Tuesday, November 8 by Pivotal Research. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, August 26. The stock of SYSCO Corporation (NYSE:SYY) earned “Outperform” rating by Credit Suisse on Monday, February 6. The firm has “Outperform” rating given on Thursday, November 19 by Wells Fargo. The rating was maintained by Macquarie Research on Tuesday, May 3 with “Outperform”. The company was initiated on Tuesday, December 15 by Goldman Sachs. The company was maintained on Wednesday, April 12 by Guggenheim.

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