Argentiere Capital Ag Has Boosted Stake in Starbucks (SBUX) as Valuation Rose; Macguire Cheswick & Tuttle Investment Counsel Cut Its Stake in General Electric Co (GE) by $376,392 as Market Value Declined

February 19, 2018 - By Louis Casey

Argentiere Capital Ag increased its stake in Starbucks Corp (SBUX) by 311.72% based on its latest 2017Q3 regulatory filing with the SEC. Argentiere Capital Ag bought 37,063 shares as the company’s stock rose 6.99% with the market. The hedge fund held 48,953 shares of the restaurants company at the end of 2017Q3, valued at $2.63 million, up from 11,890 at the end of the previous reported quarter. Argentiere Capital Ag who had been investing in Starbucks Corp for a number of months, seems to be bullish on the $79.39 billion market cap company. The stock decreased 0.18% or $0.1 during the last trading session, reaching $56.48. About 10.15 million shares traded. Starbucks Corporation (NASDAQ:SBUX) has risen 12.48% since February 19, 2017 and is uptrending. It has underperformed by 4.22% the S&P500.

Macguire Cheswick & Tuttle Investment Counsel Llc decreased its stake in General Electric Co (GE) by 28.25% based on its latest 2017Q3 regulatory filing with the SEC. Macguire Cheswick & Tuttle Investment Counsel Llc sold 15,683 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 39,830 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $963,000, down from 55,513 at the end of the previous reported quarter. Macguire Cheswick & Tuttle Investment Counsel Llc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $130.52B market cap company. The stock increased 1.35% or $0.2 during the last trading session, reaching $15.05. About 64.72M shares traded. General Electric Company (NYSE:GE) has declined 4.46% since February 19, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Macguire Cheswick & Tuttle Investment Counsel Llc, which manages about $452.95 million and $509.30 million US Long portfolio, upped its stake in Ishares Tr Barclays Tips Bond Fund (Prn) (TIP) by 10,000 shares to 30,000 shares, valued at $3.41M in 2017Q3, according to the filing. It also increased its holding in Alphabet Inc Class C by 1,319 shares in the quarter, for a total of 17,311 shares, and has risen its stake in Vanguard Emerging Markets (Prn) (VWO).

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 5 Sell and 15 Hold. Therefore 29% are positive. General Electric Company had 91 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, October 14 by UBS. The firm has “Sell” rating by Deutsche Bank given on Tuesday, November 21. The rating was upgraded by TheStreet to “Buy” on Tuesday, July 21. The stock of General Electric Company (NYSE:GE) has “Buy” rating given on Tuesday, October 20 by S&P Research. The firm has “Hold” rating given on Thursday, December 28 by Tigress Financial. UBS downgraded the shares of GE in report on Monday, October 23 to “Neutral” rating. The rating was upgraded by Credit Suisse on Wednesday, September 16 to “Focus List”. Cowen & Co maintained the stock with “Hold” rating in Monday, August 7 report. The stock has “Positive” rating by RBC Capital Markets on Thursday, March 23. Cowen & Co maintained the stock with “Hold” rating in Friday, April 21 report.

Since August 22, 2017, it had 1 buy, and 0 insider sales for $43,446 activity. On Tuesday, August 22 TISCH JAMES S bought $2.46M worth of General Electric Company (NYSE:GE) or 100,000 shares.

Investors sentiment decreased to 0.69 in Q3 2017. Its down 0.10, from 0.79 in 2017Q2. It dropped, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported. Guyasuta Investment owns 217,584 shares. Invest Partners Limited Oh Adv stated it has 40,445 shares. Fiduciary Tru stated it has 1.66M shares. Moreover, Rosenblum Silverman Sutton S F Inc Ca has 1.16% invested in General Electric Company (NYSE:GE) for 126,350 shares. 11,939 were reported by Riverbridge Partners Limited Liability Corporation. Comm Financial Bank has 1.29% invested in General Electric Company (NYSE:GE). Westover Advsr Lc stated it has 0.31% in General Electric Company (NYSE:GE). Nelson Roberts Inv Advsr Limited holds 0.09% in General Electric Company (NYSE:GE) or 11,265 shares. First Manhattan Company reported 3.23M shares. Norris Perne & French Llp Mi has 13,645 shares. Amica Mutual Insurance owns 428,582 shares. Moreover, Banced has 1.75% invested in General Electric Company (NYSE:GE). Beacon Fincl Group has invested 0.35% in General Electric Company (NYSE:GE). New Vernon Inv Mngmt Ltd Liability holds 16,183 shares or 0.43% of its portfolio. Farmers Commercial Bank reported 155,104 shares.

Investors sentiment decreased to 0.97 in 2017 Q3. Its down 0.24, from 1.21 in 2017Q2. It fall, as 95 investors sold SBUX shares while 448 reduced holdings. 100 funds opened positions while 428 raised stakes. 972.68 million shares or 1.58% less from 988.30 million shares in 2017Q2 were reported. Fiduciary Trust owns 120,729 shares. Banced Corporation reported 0.79% in Starbucks Corporation (NASDAQ:SBUX). Commonwealth Equity has invested 0.17% in Starbucks Corporation (NASDAQ:SBUX). Pitcairn holds 53,055 shares. Landscape Mgmt Limited Co reported 0.41% stake. Valicenti Advisory Svcs owns 67,154 shares or 1.81% of their US portfolio. 11,634 were reported by Mairs And. Moreover, Van Hulzen Asset Mgmt Ltd Liability Co has 0.51% invested in Starbucks Corporation (NASDAQ:SBUX) for 27,989 shares. Tcw Gp, California-based fund reported 2.57 million shares. Daiwa Securities Inc reported 62,476 shares. 33,517 are owned by Citizens And Northern. Vident Inv Advisory Ltd Liability Corp accumulated 12,864 shares or 0.04% of the stock. Chickasaw Cap Ltd Liability Co accumulated 43,360 shares. Garde Capital has 37,045 shares for 0.39% of their portfolio. Moreover, West Oak Cap Ltd Limited Liability Company has 1.14% invested in Starbucks Corporation (NASDAQ:SBUX) for 35,908 shares.

Argentiere Capital Ag, which manages about $464.87 million and $259.55 million US Long portfolio, decreased its stake in Ishares Inc (EWZ) by 1.50M shares to 103,568 shares, valued at $4.32M in 2017Q3, according to the filing. It also reduced its holding in Nike Inc (NYSE:NKE) by 44,098 shares in the quarter, leaving it with 30,902 shares, and cut its stake in Intel Corp (NASDAQ:INTC).

Since September 7, 2017, it had 0 insider buys, and 3 insider sales for $13.98 million activity. 64,776 shares were sold by CULVER JOHN, worth $3.47 million. BURROWS CLIFFORD also sold $9.28M worth of Starbucks Corporation (NASDAQ:SBUX) shares.

Among 37 analysts covering Starbucks Corporation (NASDAQ:SBUX), 25 have Buy rating, 0 Sell and 12 Hold. Therefore 68% are positive. Starbucks Corporation had 100 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Starbucks Corporation (NASDAQ:SBUX) has “Hold” rating given on Thursday, September 3 by Zacks. The rating was maintained by BMO Capital Markets with “Outperform” on Friday, October 30. On Friday, March 18 the stock rating was reinitiated by Stifel Nicolaus with “Hold”. The rating was upgraded by Zacks on Monday, August 24 to “Hold”. The firm has “Buy” rating given on Friday, July 28 by Cowen & Co. As per Friday, October 30, the company rating was maintained by RBC Capital Markets. The rating was maintained by UBS on Wednesday, June 28 with “Buy”. The rating was downgraded by Deutsche Bank on Tuesday, April 12 to “Hold”. Buckingham Research initiated the shares of SBUX in report on Monday, November 21 with “Neutral” rating. The firm has “Buy” rating by BTIG Research given on Friday, July 22.

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