Wedbush Securities Has Lowered Apple (AAPL) Holding, Capital World Investors Trimmed By $38.64 Million Its First Republic Bank (FRC) Stake

June 20, 2017 - By Louis Casey

Wedbush Securities Inc decreased Apple Inc (AAPL) stake by 6.18% reported in 2016Q4 SEC filing. Wedbush Securities Inc sold 9,909 shares as Apple Inc (AAPL)’s stock rose 12.78%. The Wedbush Securities Inc holds 150,447 shares with $17.43M value, down from 160,356 last quarter. Apple Inc now has $752.31B valuation. The stock increased 2.86% or $4.07 during the last trading session, reaching $146.34. About 5,947 shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since June 20, 2016 and is uptrending. It has outperformed by 45.78% the S&P500.

Capital World Investors decreased First Republic Bank (FRC) stake by 5.39% reported in 2016Q4 SEC filing. Capital World Investors sold 420,000 shares as First Republic Bank (FRC)’s stock declined 5.64%. The Capital World Investors holds 7.38 million shares with $679.72 million value, down from 7.80M last quarter. First Republic Bank now has $15.97B valuation. The stock increased 0.65% or $0.66 during the last trading session, reaching $101.45. About shares traded. First Republic Bank (NYSE:FRC) has risen 29.07% since June 20, 2016 and is uptrending. It has outperformed by 12.37% the S&P500.

Capital World Investors increased Moelis & Company Cl A (NYSE:MC) stake by 297,000 shares to 719,000 valued at $24.37 million in 2016Q4. It also upped Carnival Corp Common Paired Stock (NYSE:CCL) stake by 5.26M shares and now owns 8.95 million shares. Microsoft Corp (NASDAQ:MSFT) was raised too.

Among 15 analysts covering First Republic Bank (NYSE:FRC), 8 have Buy rating, 0 Sell and 7 Hold. Therefore 53% are positive. First Republic Bank had 34 analyst reports since October 6, 2015 according to SRatingsIntel. The rating was maintained by FBR Capital with “Mkt Perform” on Friday, October 14. Keefe Bruyette & Woods maintained the stock with “Market Perform” rating in Friday, July 15 report. The firm has “Buy” rating by Maxim Group given on Friday, October 14. The stock of First Republic Bank (NYSE:FRC) has “Overweight” rating given on Friday, October 14 by Barclays Capital. Jefferies maintained it with “Buy” rating and $105 target in Monday, April 3 report. The stock of First Republic Bank (NYSE:FRC) has “Equal-Weight” rating given on Wednesday, November 16 by Morgan Stanley. JP Morgan maintained First Republic Bank (NYSE:FRC) on Friday, July 15 with “Overweight” rating. The firm has “Mkt Outperform” rating given on Thursday, February 2 by JMP Securities. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, March 10. Wood maintained it with “Market Perform” rating and $71 target in Friday, October 14 report.

Analysts await First Republic Bank (NYSE:FRC) to report earnings on July, 13. They expect $1.09 earnings per share, up 22.47% or $0.20 from last year’s $0.89 per share. FRC’s profit will be $171.59 million for 23.27 P/E if the $1.09 EPS becomes a reality. After $1.01 actual earnings per share reported by First Republic Bank for the previous quarter, Wall Street now forecasts 7.92% EPS growth.

Wedbush Securities Inc increased Teva Pharmaceutical Inds (NYSE:TEVA) stake by 19,020 shares to 26,570 valued at $963,000 in 2016Q4. It also upped Proshares Trust (NOBL) stake by 16,333 shares and now owns 47,409 shares. Western Asset (ESD) was raised too.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on July, 25. They expect $1.57 EPS, up 10.56% or $0.15 from last year’s $1.42 per share. AAPL’s profit will be $8.07B for 23.30 P/E if the $1.57 EPS becomes a reality. After $2.10 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts -25.24% negative EPS growth.

Among 45 analysts covering Apple Inc. (NASDAQ:AAPL), 35 have Buy rating, 1 Sell and 9 Hold. Therefore 78% are positive. Apple Inc. had 214 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Wednesday, January 27 by Maxim Group. Needham initiated Apple Inc. (NASDAQ:AAPL) on Wednesday, April 6 with “Strong Buy” rating. The rating was downgraded by Wells Fargo to “Market Perform” on Thursday, September 8. The stock of Apple Inc. (NASDAQ:AAPL) has “Outperform” rating given on Wednesday, October 28 by RBC Capital Markets. The stock of Apple Inc. (NASDAQ:AAPL) has “Market Perform” rating given on Friday, January 8 by Cowen & Co. Rosenblatt initiated the shares of AAPL in report on Wednesday, September 9 with “Buy” rating. The rating was maintained by Macquarie Research with “Buy” on Wednesday, October 28. The stock has “Outperform.” rating by FBR Capital on Monday, October 26. The firm earned “Buy” rating on Wednesday, October 12 by Goldman Sachs. The firm earned “Overweight” rating on Wednesday, April 20 by Barclays Capital.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: