Banque Pictet & Cie Sa Has Boosted Schlumberger LTD (SLB) Position By $2.38 Million, Allstate Lowered United Parcel Service (UPS) Stake

May 29, 2017 - By Linda Rogers

Allstate Corp decreased United Parcel Service Inc (UPS) stake by 62.85% reported in 2016Q4 SEC filing. Allstate Corp sold 32,467 shares as United Parcel Service Inc (UPS)’s stock declined 3.26%. The Allstate Corp holds 19,189 shares with $2.20M value, down from 51,656 last quarter. United Parcel Service Inc now has $91.81 billion valuation. The stock decreased 0.07% or $0.07 on May 26, reaching $105.87. About 1.83 million shares traded. United Parcel Service, Inc. (NYSE:UPS) has risen 2.10% since May 29, 2016 and is uptrending. It has underperformed by 14.60% the S&P500.

Banque Pictet & Cie Sa increased Schlumberger Ltd (SLB) stake by 22.09% reported in 2016Q4 SEC filing. Banque Pictet & Cie Sa acquired 28,624 shares as Schlumberger Ltd (SLB)’s stock declined 11.04%. The Banque Pictet & Cie Sa holds 158,182 shares with $13.28 million value, up from 129,558 last quarter. Schlumberger Ltd now has $98.37 billion valuation. The stock increased 1.01% or $0.7 on May 26, reaching $70.09. About 8.96M shares traded or 11.30% up from the average. Schlumberger Limited. (NYSE:SLB) has declined 3.30% since May 29, 2016 and is downtrending. It has underperformed by 20.00% the S&P500.

Allstate Corp increased Fifth Third Bancorp (NASDAQ:FITB) stake by 301,477 shares to 320,115 valued at $8.63M in 2016Q4. It also upped Amgen Inc (NASDAQ:AMGN) stake by 35,423 shares and now owns 71,830 shares. Cognizant Technology Solutio (NASDAQ:CTSH) was raised too.

Among 16 analysts covering United Parcel Service (NYSE:UPS), 5 have Buy rating, 1 Sell and 10 Hold. Therefore 31% are positive. United Parcel Service had 25 analyst reports since July 29, 2015 according to SRatingsIntel. Macquarie Research maintained the stock with “Neutral” rating in Wednesday, October 28 report. The firm earned “Neutral” rating on Friday, April 29 by Citigroup. The stock of United Parcel Service, Inc. (NYSE:UPS) has “Outperform” rating given on Wednesday, February 3 by Oppenheimer. As per Wednesday, July 29, the company rating was maintained by S&P Research. Argus Research maintained United Parcel Service, Inc. (NYSE:UPS) rating on Tuesday, August 2. Argus Research has “Buy” rating and $125 target. The stock of United Parcel Service, Inc. (NYSE:UPS) earned “Buy” rating by Zacks on Thursday, September 17. The rating was downgraded by Zacks on Friday, August 14 to “Buy”. The firm has “Buy” rating given on Tuesday, September 22 by S&P Research. Barclays Capital maintained the stock with “Equal Weight” rating in Wednesday, February 1 report. The firm has “Neutral” rating given on Wednesday, February 22 by Bank of America.

Investors sentiment decreased to 1.04 in Q4 2016. Its down 0.01, from 1.05 in 2016Q3. It worsened, as 49 investors sold UPS shares while 433 reduced holdings. 108 funds opened positions while 392 raised stakes. 457.21 million shares or 1.93% more from 448.58 million shares in 2016Q3 were reported. First Midwest National Bank Tru Division has 0.12% invested in United Parcel Service, Inc. (NYSE:UPS) for 8,941 shares. 26 are owned by Tortoise Inv Ltd Liability Corporation. Birch Hill Investment Advsr Llc has invested 2.3% in United Parcel Service, Inc. (NYSE:UPS). 2,934 were reported by New England Private Wealth Advsrs Lc. Bbva Compass Bancshares invested in 104,743 shares. Mcrae Cap stated it has 2,403 shares. Bragg Financial Inc holds 0.12% or 6,498 shares. M&T Bank Corp has invested 0.13% in United Parcel Service, Inc. (NYSE:UPS). Schulhoff holds 1.17% or 16,573 shares in its portfolio. Farmers Trust invested in 0.09% or 2,189 shares. Chicago Equity Prtnrs Ltd Limited Liability Company holds 116,045 shares or 0.35% of its portfolio. Omers Administration Corp owns 473,940 shares for 1.01% of their portfolio. 102,700 are owned by American Insur Tx. Commercial Bank Of Mellon reported 6.31M shares stake. Covington Mgmt has invested 0.76% of its portfolio in United Parcel Service, Inc. (NYSE:UPS).

Since February 24, 2017, it had 0 buys, and 1 sale for $471,840 activity. Another trade for 4,500 shares valued at $471,840 was made by McClure Teri P on Friday, February 24.

Analysts await United Parcel Service, Inc. (NYSE:UPS) to report earnings on July, 27 before the open. They expect $1.46 EPS, up 2.10% or $0.03 from last year’s $1.43 per share. UPS’s profit will be $1.27 billion for 18.13 P/E if the $1.46 EPS becomes a reality. After $1.32 actual EPS reported by United Parcel Service, Inc. for the previous quarter, Wall Street now forecasts 10.61% EPS growth.

Among 30 analysts covering Schlumberger Limited. (NYSE:SLB), 24 have Buy rating, 1 Sell and 5 Hold. Therefore 80% are positive. Schlumberger Limited. had 86 analyst reports since July 22, 2015 according to SRatingsIntel. The company was initiated on Friday, December 2 by Bernstein. Cowen & Co maintained Schlumberger Limited. (NYSE:SLB) on Wednesday, April 26 with “Outperform” rating. The company was initiated on Wednesday, January 18 by SunTrust. Cowen & Co maintained Schlumberger Limited. (NYSE:SLB) rating on Friday, October 16. Cowen & Co has “Outperform” rating and $81 target. The company was upgraded on Thursday, September 3 by Citigroup. On Thursday, October 1 the stock rating was maintained by Oppenheimer with “Outperform”. The stock of Schlumberger Limited. (NYSE:SLB) earned “Overweight” rating by Barclays Capital on Wednesday, April 20. The firm has “Buy” rating by Nomura given on Monday, April 25. The company was maintained on Tuesday, October 20 by Argus Research. As per Saturday, August 22, the company rating was maintained by Evercore.

Banque Pictet & Cie Sa decreased Wabco Hldgs Inc (NYSE:WBC) stake by 6,975 shares to 176,714 valued at $18.76M in 2016Q4. It also reduced Reynolds American Inc (NYSE:RAI) stake by 12,880 shares and now owns 8,272 shares. Wells Fargo & Co New (NYSE:WFC) was reduced too.

Investors sentiment decreased to 1.06 in Q4 2016. Its down 0.03, from 1.09 in 2016Q3. It dived, as 65 investors sold SLB shares while 567 reduced holdings. 118 funds opened positions while 550 raised stakes. 1.08 billion shares or 1.19% more from 1.07 billion shares in 2016Q3 were reported. Boston Private Wealth Lc owns 308,818 shares. Bremer Trust Natl Association invested in 0.21% or 9,199 shares. Baldwin Brothers Ma has invested 1.5% in Schlumberger Limited. (NYSE:SLB). Bluestein R H And Co holds 15,369 shares or 0.08% of its portfolio. Lakeview Capital Ptnrs Ltd Liability Corp holds 0.38% or 5,322 shares. Moneta Inv Limited Co reported 0.05% of its portfolio in Schlumberger Limited. (NYSE:SLB). Comml Bank Of The West invested in 147,442 shares or 1.71% of the stock. Security Bank Of So Dak holds 13,628 shares. Quadrant Capital Mngmt Lc holds 28,321 shares or 2.04% of its portfolio. Cullinan Associate Incorporated, Kentucky-based fund reported 76,411 shares. Mcf Ltd Liability Corporation holds 702 shares or 0.01% of its portfolio. Oakbrook Invests has invested 1.72% in Schlumberger Limited. (NYSE:SLB). Strategic Serv holds 48,234 shares. Cambridge Company accumulated 1.43% or 241,130 shares. Buffington Mohr Mcneal has 1,474 shares.