Mitchell Mcleod Pugh & Williams Has Cut Its Stake in Apple (AAPL) by $411,180; Mastec (Mtz) (MTZ) Market Value Rose While Corbyn Investment Management Trimmed by $8.44 Million Its Holding

December 21, 2017 - By Ellis Scott

Corbyn Investment Management Inc decreased its stake in Mastec Inc. (Mtz) (MTZ) by 42.65% based on its latest 2017Q3 regulatory filing with the SEC. Corbyn Investment Management Inc sold 183,433 shares as the company’s stock rose 9.66% with the market. The institutional investor held 246,677 shares of the basic industries company at the end of 2017Q3, valued at $11.45M, down from 430,110 at the end of the previous reported quarter. Corbyn Investment Management Inc who had been investing in Mastec Inc. (Mtz) for a number of months, seems to be less bullish one the $4.20 billion market cap company. The stock increased 3.68% or $1.8 during the last trading session, reaching $50.7. About 1.84M shares traded or 74.45% up from the average. MasTec, Inc. (NYSE:MTZ) has risen 93.42% since December 21, 2016 and is uptrending. It has outperformed by 76.72% the S&P500.

Mitchell Mcleod Pugh & Williams Inc decreased its stake in Apple Inc (AAPL) by 5.49% based on its latest 2017Q3 regulatory filing with the SEC. Mitchell Mcleod Pugh & Williams Inc sold 2,670 shares as the company’s stock rose 12.78% with the market. The institutional investor held 45,995 shares of the computer manufacturing company at the end of 2017Q3, valued at $7.09 million, down from 48,665 at the end of the previous reported quarter. Mitchell Mcleod Pugh & Williams Inc who had been investing in Apple Inc for a number of months, seems to be less bullish one the $898.56 billion market cap company. The stock increased 0.38% or $0.66 during the last trading session, reaching $175.01. About 19.39M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since December 21, 2016 and is uptrending. It has outperformed by 45.78% the S&P500.

Since August 7, 2017, it had 0 buys, and 11 selling transactions for $90.94 million activity. KONDO CHRIS sold $1.01 million worth of Apple Inc. (NASDAQ:AAPL) on Tuesday, August 15. $948,612 worth of Apple Inc. (NASDAQ:AAPL) was sold by Srouji Johny on Monday, August 28. The insider SCHILLER PHILIP W sold 56,808 shares worth $8.79M. $43.15M worth of Apple Inc. (NASDAQ:AAPL) was sold by COOK TIMOTHY D. Another trade for 63,163 shares valued at $9.98M was sold by FEDERIGHI CRAIG. The insider LEVINSON ARTHUR D sold 35,000 shares worth $5.52 million.

Among 52 analysts covering Apple Inc. (NASDAQ:AAPL), 40 have Buy rating, 1 Sell and 11 Hold. Therefore 77% are positive. Apple Inc. had 342 analyst reports since July 21, 2015 according to SRatingsIntel. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, July 27 report. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Wednesday, January 27 by Maxim Group. Morgan Stanley maintained the shares of AAPL in report on Wednesday, October 26 with “Overweight” rating. S&P Research maintained the stock with “Hold” rating in Tuesday, July 21 report. JP Morgan maintained the stock with “Buy” rating in Friday, September 11 report. The rating was maintained by KeyBanc Capital Markets with “Hold” on Thursday, September 7. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by CLSA on Friday, September 16. Mizuho maintained Apple Inc. (NASDAQ:AAPL) rating on Monday, September 18. Mizuho has “Hold” rating and $150.0 target. Citigroup maintained it with “Buy” rating and $17000 target in Wednesday, August 2 report. Nomura maintained the shares of AAPL in report on Friday, September 22 with “Buy” rating.

Investors sentiment increased to 0.7 in Q3 2017. Its up 0.02, from 0.68 in 2017Q2. It is positive, 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. New Mexico Educational Retirement Board reported 3.5% stake. Df Dent & Commerce Inc holds 0.04% or 9,103 shares. Affinity Inv Advsr Lc, a California-based fund reported 141,638 shares. Ironwood Financial Ltd reported 0.24% in Apple Inc. (NASDAQ:AAPL). The Maryland-based Investment Counselors Of Maryland Ltd has invested 0.22% in Apple Inc. (NASDAQ:AAPL). Novare Mngmt Ltd Liability holds 2% or 73,685 shares. Wagner Bowman holds 0.89% or 20,689 shares in its portfolio. Moreover, Cortland Associates Mo has 0.09% invested in Apple Inc. (NASDAQ:AAPL). Wellington Shields Cap Mngmt Limited Company invested in 1.77% or 86,481 shares. Interocean Lc, a Illinois-based fund reported 166,399 shares. Gofen Glossberg Limited Liability Corporation Il owns 409,186 shares. Camelot Portfolios Ltd Liability Company holds 2.11% or 28,356 shares in its portfolio. Oxbow Advsr Limited Liability Company stated it has 1.9% in Apple Inc. (NASDAQ:AAPL). Congress Asset Mgmt Ma stated it has 648,017 shares or 1.54% of all its holdings. 91,504 were accumulated by Hendershot Invs Inc.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on January, 30. They expect $3.75 earnings per share, up 11.61% or $0.39 from last year’s $3.36 per share. AAPL’s profit will be $19.25 billion for 11.67 P/E if the $3.75 EPS becomes a reality. After $2.07 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts 81.16% EPS growth.

Corbyn Investment Management Inc, which manages about $1.38B and $314.11M US Long portfolio, upped its stake in Discover Financial Services (D (NYSE:DFS) by 8,370 shares to 249,809 shares, valued at $16.11M in 2017Q3, according to the filing.

Investors sentiment increased to 1.39 in Q3 2017. Its up 0.17, from 1.22 in 2017Q2. It is positive, as 29 investors sold MTZ shares while 73 reduced holdings. 56 funds opened positions while 86 raised stakes. 58.30 million shares or 2.08% more from 57.11 million shares in 2017Q2 were reported. Fifth Third Bancshares reported 0% in MasTec, Inc. (NYSE:MTZ). Strategic Wealth Gru Ltd Liability Co invested in 12,961 shares or 0.1% of the stock. Tiaa Cref Invest Mgmt Ltd Limited Liability Company has 0.01% invested in MasTec, Inc. (NYSE:MTZ). Bowling Portfolio Management Ltd Liability Company has 0.1% invested in MasTec, Inc. (NYSE:MTZ) for 14,758 shares. Torch Wealth Lc stated it has 4,680 shares or 0.14% of all its holdings. James Invest Research holds 153,597 shares or 0.24% of its portfolio. Moreover, University Of Notre Dame Du Lac has 1.52% invested in MasTec, Inc. (NYSE:MTZ) for 117,321 shares. 161,522 are owned by Axa. Trexquant Limited Partnership owns 4,977 shares or 0.06% of their US portfolio. United Kingdom-based Barclays Public Lc has invested 0% in MasTec, Inc. (NYSE:MTZ). Rhumbline Advisers holds 0.01% or 84,309 shares in its portfolio. Rmb Management Limited Co has invested 0.11% of its portfolio in MasTec, Inc. (NYSE:MTZ). Cantab Ltd Liability Partnership holds 0.1% in MasTec, Inc. (NYSE:MTZ) or 14,591 shares. Cubist Systematic Strategies Ltd Company reported 0.06% stake. The Illinois-based Envestnet Asset Incorporated has invested 0% in MasTec, Inc. (NYSE:MTZ).