3D Systems (DDD) Reaches $13.98 After 9.00% Up Move; Beacon Financial Group Decreased Its Diageo Plc (DEO) Stake

October 2, 2017 - By Michael Collier

The stock of 3D Systems Corporation (NYSE:DDD) is a huge mover today! About 1.08M shares traded. 3D Systems Corporation (NYSE:DDD) has risen 77.31% since October 2, 2016 and is uptrending. It has outperformed by 60.61% the S&P500.The move comes after 5 months positive chart setup for the $1.59 billion company. It was reported on Oct, 2 by Barchart.com. We have $15.24 PT which if reached, will make NYSE:DDD worth $143.10 million more.

Beacon Financial Group decreased Diageo Plc (DEO) stake by 43.37% reported in 2017Q2 SEC filing. Beacon Financial Group sold 15,461 shares as Diageo Plc (DEO)’s stock rose 5.26%. The Beacon Financial Group holds 20,186 shares with $2.43 million value, down from 35,647 last quarter. Diageo Plc now has $82.25B valuation. The stock declined 0.73% or $0.96 reaching $131.17 per share. About 134,346 shares traded. Diageo plc (ADR) (NYSE:DEO) has risen 12.82% since October 2, 2016 and is uptrending. It has underperformed by 3.88% the S&P500.

Beacon Financial Group increased Ishares (FLOT) stake by 33,613 shares to 237,434 valued at $12.09M in 2017Q2. It also upped Proshares Tr (UWM) stake by 8,690 shares and now owns 11,015 shares. First Trust Iv Sr Ln Fnd (FTSL) was raised too.

Among 25 analysts covering Diageo (NYSE:DEO), 16 have Buy rating, 3 Sell and 6 Hold. Therefore 64% are positive. Diageo had 39 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was upgraded by Societe Generale to “Buy” on Monday, June 26. The firm has “Hold” rating given on Monday, October 3 by Liberum Capital. On Monday, June 27 the stock rating was upgraded by Societe Generale to “Hold”. The firm has “Hold” rating by Shore Capital given on Wednesday, September 23. The firm earned “Hold” rating on Friday, July 31 by Kepler Cheuvreux. The rating was downgraded by Berenberg on Wednesday, September 13 to “Hold”. The firm has “Buy” rating by Nomura given on Friday, July 31. HSBC initiated Diageo plc (ADR) (NYSE:DEO) on Friday, October 16 with “Hold” rating. The firm earned “Buy” rating on Monday, April 24 by Jefferies. Deutsche Bank downgraded the shares of DEO in report on Thursday, March 17 to “Hold” rating.

Since May 18, 2017, it had 0 insider purchases, and 5 selling transactions for $2.22 million activity. $211,900 worth of 3D Systems Corporation (NYSE:DDD) shares were sold by Johnson Andrew Martin. LOEWENBAUM G WALTER II sold $557,250 worth of stock or 25,000 shares. On Thursday, June 1 MCALEA KEVIN sold $361,025 worth of 3D Systems Corporation (NYSE:DDD) or 17,500 shares.

3D Systems Corporation is a holding company. The company has market cap of $1.59 billion. The Firm provides three-dimensional printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. It currently has negative earnings. The Company’s precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.

Analysts await 3D Systems Corporation (NYSE:DDD) to report earnings on November, 2. They expect $0.06 EPS, down 33.33% or $0.03 from last year’s $0.09 per share. DDD’s profit will be $6.82M for 58.25 P/E if the $0.06 EPS becomes a reality. After $-0.07 actual EPS reported by 3D Systems Corporation for the previous quarter, Wall Street now forecasts -185.71% EPS growth.

Among 18 analysts covering 3D Systems Corporation (NYSE:DDD), 3 have Buy rating, 3 Sell and 12 Hold. Therefore 17% are positive. 3D Systems Corporation had 45 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Sell” rating on Thursday, August 3 by Piper Jaffray. The company was upgraded on Friday, August 4 by JP Morgan. The firm has “Underweight” rating by Piper Jaffray given on Monday, July 18. Loop Capital Markets initiated it with “Hold” rating and $1800 target in Monday, July 24 report. Goldman Sachs reinitiated 3D Systems Corporation (NYSE:DDD) rating on Tuesday, December 13. Goldman Sachs has “Neutral” rating and $16 target. Deutsche Bank maintained the shares of DDD in report on Tuesday, March 15 with “Hold” rating. FBR Capital initiated 3D Systems Corporation (NYSE:DDD) on Tuesday, May 24 with “Market Perform” rating. The stock of 3D Systems Corporation (NYSE:DDD) earned “Hold” rating by J.P. Morgan on Friday, August 4. FBR Capital initiated the shares of DDD in report on Monday, October 3 with “Market Perform” rating. The stock of 3D Systems Corporation (NYSE:DDD) has “Buy” rating given on Wednesday, December 30 by Needham.