Apple (AAPL) Stock Rose While Cutler Capital Management Cut Its Position by $709,632; Fiduciary Management Trimmed Its Arrow Electronics (ARW) Position by $22.98 Million; Shares Rose

March 15, 2018 - By Evgen Dobrzhanskiy

Fiduciary Management Inc decreased its stake in Arrow Electronics Inc. (ARW) by 20.87% based on its latest 2017Q3 regulatory filing with the SEC. Fiduciary Management Inc sold 287,240 shares as the company’s stock rose 0.57% with the market. The institutional investor held 1.09 million shares of the consumer non-durables company at the end of 2017Q3, valued at $87.56M, down from 1.38 million at the end of the previous reported quarter. Fiduciary Management Inc who had been investing in Arrow Electronics Inc. for a number of months, seems to be less bullish one the $7.08 billion market cap company. The stock increased 0.04% or $0.03 during the last trading session, reaching $80.69. About 131,072 shares traded. Arrow Electronics, Inc. (NYSE:ARW) has risen 21.10% since March 15, 2017 and is uptrending. It has outperformed by 4.40% the S&P500.

Cutler Capital Management Llc decreased its stake in Apple Inc (AAPL) by 20.5% based on its latest 2017Q3 regulatory filing with the SEC. Cutler Capital Management Llc sold 4,608 shares as the company’s stock rose 12.78% with the market. The institutional investor held 17,866 shares of the computer manufacturing company at the end of 2017Q3, valued at $2.75 million, down from 22,474 at the end of the previous reported quarter. Cutler Capital Management Llc who had been investing in Apple Inc for a number of months, seems to be less bullish one the $907.74 billion market cap company. The stock increased 0.26% or $0.4601 during the last trading session, reaching $178.9001. About 17.95M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since March 15, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Investors sentiment increased to 1.15 in 2017 Q3. Its up 0.23, from 0.92 in 2017Q2. It improved, as 23 investors sold ARW shares while 110 reduced holdings. 49 funds opened positions while 104 raised stakes. 80.16 million shares or 1.84% less from 81.66 million shares in 2017Q2 were reported. Beck Mack Oliver holds 3,500 shares. Leavell Invest Management invested 0.1% of its portfolio in Arrow Electronics, Inc. (NYSE:ARW). Moreover, Ny State Common Retirement Fund has 0.04% invested in Arrow Electronics, Inc. (NYSE:ARW). Florida-based State Board Of Administration Of Florida Retirement Sys has invested 0.03% in Arrow Electronics, Inc. (NYSE:ARW). Public Employees Retirement Association Of Colorado owns 157,109 shares. Ahl Prtn Limited Liability Partnership invested 0.01% of its portfolio in Arrow Electronics, Inc. (NYSE:ARW). 8,730 were reported by Coastline Trust. Endurance Wealth Mgmt Inc holds 0% of its portfolio in Arrow Electronics, Inc. (NYSE:ARW) for 200 shares. Denali Advsr Ltd Liability Corporation holds 36,600 shares or 0.49% of its portfolio. First Pacific Advsr Ltd Liability holds 0.22% in Arrow Electronics, Inc. (NYSE:ARW) or 349,740 shares. Sei Investments Communication has invested 0.01% of its portfolio in Arrow Electronics, Inc. (NYSE:ARW). First Quadrant Limited Partnership Ca stated it has 0.06% in Arrow Electronics, Inc. (NYSE:ARW). Blair William Il reported 12,845 shares. 2,793 were reported by Advisor Partners Limited Liability Corp. Schwartz Investment Counsel Inc owns 112,000 shares or 0.56% of their US portfolio.

Among 12 analysts covering Arrow Electronics Inc. (NYSE:ARW), 8 have Buy rating, 1 Sell and 3 Hold. Therefore 67% are positive. Arrow Electronics Inc. had 20 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned “Sell” rating on Monday, May 2 by Citigroup. CLSA upgraded the shares of ARW in report on Wednesday, July 29 to “Buy” rating. The firm earned “Buy” rating on Monday, July 17 by Stifel Nicolaus. The company was downgraded on Thursday, October 29 by Credit Agricole. Zacks upgraded it to “Hold” rating and $62 target in Monday, August 31 report. CLSA downgraded the stock to “Outperform” rating in Thursday, October 29 report. The stock of Arrow Electronics, Inc. (NYSE:ARW) earned “Hold” rating by SunTrust on Tuesday, January 3. The stock of Arrow Electronics, Inc. (NYSE:ARW) earned “Buy” rating by Goldman Sachs on Monday, March 14. Stifel Nicolaus maintained it with “Buy” rating and $90.0 target in Wednesday, October 4 report. The firm has “Buy” rating by Goldman Sachs given on Monday, May 9.

Analysts await Arrow Electronics, Inc. (NYSE:ARW) to report earnings on May, 3. They expect $1.81 EPS, up 23.97% or $0.35 from last year’s $1.46 per share. ARW’s profit will be $158.75M for 11.15 P/E if the $1.81 EPS becomes a reality. After $2.51 actual EPS reported by Arrow Electronics, Inc. for the previous quarter, Wall Street now forecasts -27.89% negative EPS growth.

Since February 22, 2018, it had 0 insider buys, and 4 insider sales for $4.90 million activity. $258,250 worth of Arrow Electronics, Inc. (NYSE:ARW) was sold by Melvin Vincent P. On Tuesday, February 27 LONG MICHAEL J sold $4.23 million worth of Arrow Electronics, Inc. (NYSE:ARW) or 50,988 shares.

Fiduciary Management Inc, which manages about $20.63B and $16.90B US Long portfolio, upped its stake in Trimas Corp. (NASDAQ:TRS) by 134,255 shares to 2.88M shares, valued at $77.76 million in 2017Q3, according to the filing. It also increased its holding in Penske Automotive (NYSE:PAG) by 391,808 shares in the quarter, for a total of 1.85 million shares, and has risen its stake in Tjx Companies Inc. (NYSE:TJX).

Investors sentiment increased to 0.7 in Q3 2017. Its up 0.02, from 0.68 in 2017Q2. It increased, as 52 investors sold AAPL shares while 1034 reduced holdings. 116 funds opened positions while 640 raised stakes. 2.97 billion shares or 2.78% less from 3.06 billion shares in 2017Q2 were reported. Huntington National Bank stated it has 1.88% of its portfolio in Apple Inc. (NASDAQ:AAPL). Arcadia Investment Mi, a Michigan-based fund reported 55,416 shares. Rathbone Brothers Public Limited has 396,321 shares. D Scott Neal, Kentucky-based fund reported 1,212 shares. National Bank Va reported 6.02% in Apple Inc. (NASDAQ:AAPL). 1.39M were accumulated by Lord Abbett & Limited. Cap Guardian Com has 1.23% invested in Apple Inc. (NASDAQ:AAPL) for 459,111 shares. Moreover, Aimz Invest Advsr Ltd Liability has 3.66% invested in Apple Inc. (NASDAQ:AAPL). Keybank Association Oh has invested 2.06% in Apple Inc. (NASDAQ:AAPL). Caldwell Orkin owns 17,195 shares. Cypress Asset Mgmt Inc Tx holds 108,575 shares. Freestone Capital Limited Company accumulated 172,842 shares. Stratos Wealth Prtnrs Limited, a Ohio-based fund reported 204,865 shares. Maryland-based Rothschild Capital Prtnrs Lc has invested 3.64% in Apple Inc. (NASDAQ:AAPL). Clifford Swan Counsel Lc owns 339,976 shares or 3.17% of their US portfolio.

Cutler Capital Management Llc, which manages about $356.71M and $224.69 million US Long portfolio, upped its stake in Spirit Realty (NYSE:SRC) by 69,100 shares to 257,200 shares, valued at $2.20 million in 2017Q3, according to the filing. It also increased its holding in Spirit Realty (Prn) by 4.66 million shares in the quarter, for a total of 4.66M shares, and has risen its stake in Colony Capital (Prn).

Since October 3, 2017, it had 0 insider purchases, and 5 sales for $26.38 million activity. 56,808 shares were sold by SCHILLER PHILIP W, worth $8.79M on Tuesday, October 3. Shares for $9.78M were sold by AHRENDTS ANGELA J on Tuesday, October 3.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on May, 1. They expect $2.71 EPS, up 29.05% or $0.61 from last year’s $2.1 per share. AAPL’s profit will be $13.75 billion for 16.50 P/E if the $2.71 EPS becomes a reality. After $3.89 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts -30.33% negative EPS growth.