Tag: 13F

Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 7.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,118,490 shares of the e-commerce giant’s stock after buying an additional 204,811 shares during the period. Amazon.com comprises 2.4% of Bank Julius Baer & Co. Ltd Zurich’s investment portfolio, making the stock its 8th biggest position. Bank Julius Baer & Co. Ltd Zurich’s holdings in Amazon.com were worth $406,526,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Amazon.com by 1.8% during the third quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after purchasing an additional 12,456,995 shares in the last quarter. State Street Corp increased its stake in shares of Amazon.com by 1.0% during the third quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after purchasing an additional 3,121,516 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Amazon.com by 1,838.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after purchasing an additional 295,880,050 shares in the last quarter. FMR LLC increased its stake in shares of Amazon.com by 1,792.4% during the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after purchasing an additional 270,931,640 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Amazon.com by 2.3% during the first quarter. Geode Capital Management LLC now owns 165,309,180 shares of the e-commerce giant’s stock worth $17,031,683,000 after purchasing an additional 3,774,390 shares in the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 42,816 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total value of $6,213,886.08. Following the transaction, the senior vice president now directly owns 64,380 shares of the company’s stock, valued at approximately $9,343,469.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $126.64, for a total value of $63,320.00. Following the transaction, the chief executive officer now directly owns 105,520 shares of the company’s stock, valued at approximately $13,363,052.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 42,816 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total transaction of $6,213,886.08. Following the completion of the transaction, the senior vice president now directly owns 64,380 shares in the company, valued at $9,343,469.40. The disclosure for this sale can be found here. Insiders have sold 1,408,645 shares of company stock valued at $55,207,763 in the last ninety days. Insiders own 12.30% of the company’s stock.

Amazon.com Trading Down 0.8 %

Shares of NASDAQ:AMZN opened at $131.47 on Wednesday. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $145.86. The company’s 50 day moving average is $134.07 and its two-hundred day moving average is $124.57. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The company has a market cap of $1.36 trillion, a PE ratio of 103.52, a P/E/G ratio of 1.70 and a beta of 1.24.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. The company had revenue of $134.38 billion for the quarter, compared to the consensus estimate of $131.54 billion. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. Equities analysts predict that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. CICC Research assumed coverage on shares of Amazon.com in a research note on Sunday, July 9th. They set an “outperform” rating for the company. Canaccord Genuity Group boosted their target price on shares of Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Bank of America restated a “buy” rating and set a $174.00 price target on shares of Amazon.com in a research report on Tuesday, September 26th. Truist Financial lowered their price target on shares of Amazon.com from $176.00 to $174.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Tigress Financial boosted their price target on shares of Amazon.com from $192.00 to $204.00 in a research report on Thursday, July 13th. Two analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.26.

View Our Latest Analysis on AMZN

Amazon.com Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company’s products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

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October 18, 2023
Vontobel Holding Ltd. Sells 312 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Vontobel Holding Ltd. lowered its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX – Free Report) by 16.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,564 shares of the financial services provider’s stock after selling 312 shares during the period. Vontobel Holding Ltd.’s holdings in MarketAxess were worth $409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of MKTX. Clear Street Markets LLC increased its position in MarketAxess by 94.6% in the first quarter. Clear Street Markets LLC now owns 72 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares during the last quarter. BOKF NA bought a new stake in MarketAxess in the first quarter worth $31,000. VitalStone Financial LLC bought a new stake in MarketAxess in the first quarter worth $31,000. Massmutual Trust Co. FSB ADV increased its position in MarketAxess by 49.3% in the first quarter. Massmutual Trust Co. FSB ADV now owns 106 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 35 shares during the last quarter. Finally, Compass Wealth Management LLC bought a new stake in MarketAxess in the fourth quarter worth $41,000. Institutional investors own 99.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MKTX shares. Atlantic Securities cut their price objective on shares of MarketAxess from $368.00 to $315.00 in a research report on Wednesday, July 12th. StockNews.com cut shares of MarketAxess from a “hold” rating to a “sell” rating in a research report on Friday. Rosenblatt Securities cut their price objective on shares of MarketAxess from $213.00 to $206.00 and set a “sell” rating on the stock in a research report on Thursday, October 5th. Morgan Stanley reiterated an “equal weight” rating and set a $308.00 price objective on shares of MarketAxess in a research report on Tuesday, July 25th. Finally, Barclays cut their price objective on shares of MarketAxess from $308.00 to $278.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $283.09.

Read Our Latest Stock Analysis on MarketAxess

MarketAxess Price Performance

NASDAQ:MKTX opened at $238.78 on Friday. MarketAxess Holdings Inc. has a 1-year low of $200.01 and a 1-year high of $399.78. The company has a 50-day moving average of $231.39 and a 200 day moving average of $270.77. The firm has a market cap of $9.00 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 3.17 and a beta of 0.81.

MarketAxess (NASDAQ:MKTX – Get Free Report) last released its quarterly earnings data on Thursday, July 20th. The financial services provider reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. MarketAxess had a net margin of 34.38% and a return on equity of 23.12%. The company had revenue of $179.90 million during the quarter, compared to analyst estimates of $179.47 million. During the same period in the prior year, the firm earned $1.78 earnings per share. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. Sell-side analysts anticipate that MarketAxess Holdings Inc. will post 7.03 EPS for the current fiscal year.

MarketAxess Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 16th. Investors of record on Wednesday, August 2nd were paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Tuesday, August 1st. MarketAxess’s dividend payout ratio (DPR) is presently 42.92%.

Insider Buying and Selling

In other news, CEO Christopher R. Concannon bought 4,270 shares of MarketAxess stock in a transaction on Monday, August 14th. The stock was acquired at an average cost of $238.42 per share, for a total transaction of $1,018,053.40. Following the completion of the acquisition, the chief executive officer now owns 47,166 shares of the company’s stock, valued at approximately $11,245,317.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is owned by insiders.

MarketAxess Profile

(Free Report)

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. It offers the access to liquidity in the U.S. investment-grade bonds, U.S. high-yield bonds, and U.S. Treasuries, as well as municipal bonds, emerging market debts, Eurobonds, and other fixed-income securities.

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October 15, 2023
Creative Planning Purchases 3,503 Shares of Roku, Inc. (NASDAQ:ROKU)

Creative Planning boosted its position in Roku, Inc. (NASDAQ:ROKU – Free Report) by 22.5% during the second quarter, HoldingsChannel reports. The fund owned 19,075 shares of the company’s stock after buying an additional 3,503 shares during the quarter. Creative Planning’s holdings in Roku were worth $1,220,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ICA Group Wealth Management LLC bought a new stake in shares of Roku during the fourth quarter valued at about $25,000. Machina Capital S.A.S. bought a new stake in shares of Roku during the first quarter valued at about $26,000. Exchange Traded Concepts LLC increased its position in shares of Roku by 980.6% during the first quarter. Exchange Traded Concepts LLC now owns 670 shares of the company’s stock valued at $44,000 after buying an additional 608 shares during the period. Manchester Capital Management LLC bought a new stake in shares of Roku during the first quarter valued at about $44,000. Finally, Covestor Ltd grew its holdings in shares of Roku by 693.2% during the first quarter. Covestor Ltd now owns 349 shares of the company’s stock worth $44,000 after purchasing an additional 305 shares in the last quarter. 69.21% of the stock is currently owned by institutional investors.

Roku Stock Performance

NASDAQ:ROKU opened at $66.07 on Friday. The firm has a market cap of $9.35 billion, a PE ratio of -14.00 and a beta of 1.78. Roku, Inc. has a fifty-two week low of $38.26 and a fifty-two week high of $98.44. The business has a 50 day moving average price of $76.58 and a 200-day moving average price of $69.00.

Roku (NASDAQ:ROKU – Get Free Report) last released its quarterly earnings data on Thursday, July 27th. The company reported ($0.76) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.28) by $0.52. The firm had revenue of $847.20 million during the quarter, compared to analyst estimates of $774.65 million. Roku had a negative return on equity of 25.15% and a negative net margin of 20.54%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.82) earnings per share. Research analysts predict that Roku, Inc. will post -5.32 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on ROKU shares. Pivotal Research boosted their price objective on Roku from $53.00 to $58.00 and gave the stock a “sell” rating in a report on Friday, July 28th. Morgan Stanley boosted their price objective on Roku from $50.00 to $55.00 and gave the stock an “underweight” rating in a report on Monday, July 31st. Oppenheimer boosted their price objective on Roku from $90.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, September 6th. Wells Fargo & Company boosted their price objective on Roku from $63.00 to $84.00 and gave the stock an “equal weight” rating in a report on Friday, July 28th. Finally, DA Davidson upped their target price on Roku from $100.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, September 7th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $81.48.

Read Our Latest Stock Report on ROKU

Insider Activity at Roku

In related news, insider Gidon Katz sold 1,968 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $79.14, for a total transaction of $155,747.52. Following the completion of the transaction, the insider now owns 22,572 shares in the company, valued at $1,786,348.08. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CAO Matthew C. Banks sold 1,259 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $82.69, for a total transaction of $104,106.71. Following the completion of the transaction, the chief accounting officer now owns 6,017 shares in the company, valued at $497,545.73. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Gidon Katz sold 1,968 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $79.14, for a total value of $155,747.52. Following the transaction, the insider now owns 22,572 shares of the company’s stock, valued at approximately $1,786,348.08. The disclosure for this sale can be found here. Insiders sold a total of 19,208 shares of company stock worth $1,629,896 over the last quarter. 13.63% of the stock is owned by corporate insiders.

Roku Profile

(Free Report)

Roku, Inc, together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The company also provides digital advertising and related services, including the demand-side ad platform and content distribution services, such as subscription and transaction revenue shares; media and entertainment promotional spending services; premium subscriptions services; video and display advertising services; and sells branded channel buttons on remote controls of streaming device.

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October 14, 2023
Addenda Capital Inc. Has $7.44 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Addenda Capital Inc. decreased its position in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 31.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,573 shares of the computer hardware maker’s stock after selling 7,896 shares during the quarter. Addenda Capital Inc.’s holdings in NVIDIA were worth $7,440,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. MPS Loria Financial Planners LLC bought a new position in shares of NVIDIA in the 2nd quarter valued at about $500,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in shares of NVIDIA by 12.1% in the 2nd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 1,145 shares of the computer hardware maker’s stock valued at $484,000 after acquiring an additional 124 shares in the last quarter. Insight Folios Inc bought a new position in shares of NVIDIA in the 2nd quarter valued at about $272,000. First Command Bank grew its holdings in shares of NVIDIA by 5.0% in the 2nd quarter. First Command Bank now owns 1,628 shares of the computer hardware maker’s stock valued at $689,000 after acquiring an additional 78 shares in the last quarter. Finally, Asahi Life Asset Management CO. LTD. grew its holdings in shares of NVIDIA by 3.4% in the 2nd quarter. Asahi Life Asset Management CO. LTD. now owns 6,135 shares of the computer hardware maker’s stock valued at $2,595,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 64.79% of the company’s stock.

NVIDIA Stock Up 2.2 %

Shares of NVDA opened at $468.06 on Thursday. The firm has a 50 day simple moving average of $449.15 and a two-hundred day simple moving average of $389.96. The company has a market cap of $1.16 trillion, a P/E ratio of 113.06, a P/E/G ratio of 3.52 and a beta of 1.76. NVIDIA Co. has a one year low of $108.13 and a one year high of $502.66. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.79 and a quick ratio of 2.37.

NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.62. The firm had revenue of $13.51 billion for the quarter, compared to analysts’ expectations of $11.19 billion. NVIDIA had a net margin of 31.59% and a return on equity of 45.50%. The company’s revenue was up 101.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 earnings per share. Research analysts forecast that NVIDIA Co. will post 9.54 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 7th were paid a dividend of $0.04 per share. The ex-dividend date was Wednesday, September 6th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s payout ratio is presently 3.86%.

Insiders Place Their Bets

In related news, CEO Jen Hsun Huang sold 29,688 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $454.01, for a total value of $13,478,648.88. Following the sale, the chief executive officer now owns 7,918,875 shares of the company’s stock, valued at $3,595,248,438.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Jen Hsun Huang sold 29,688 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $454.01, for a total value of $13,478,648.88. Following the sale, the chief executive officer now owns 7,918,875 shares of the company’s stock, valued at $3,595,248,438.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 21,500 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $468.08, for a total transaction of $10,063,720.00. Following the completion of the sale, the director now directly owns 1,030,786 shares in the company, valued at approximately $482,490,310.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 145,232 shares of company stock valued at $67,606,089. 3.99% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NVDA. Mizuho raised their price objective on NVIDIA from $530.00 to $590.00 and gave the company a “buy” rating in a report on Thursday, August 24th. KeyCorp lifted their price target on NVIDIA from $670.00 to $750.00 and gave the stock an “overweight” rating in a report on Tuesday, October 3rd. Benchmark lifted their price target on NVIDIA from $475.00 to $625.00 and gave the stock a “buy” rating in a report on Thursday, August 24th. HSBC lifted their price target on NVIDIA from $600.00 to $780.00 and gave the stock a “buy” rating in a report on Monday, August 21st. Finally, Barclays lifted their price target on NVIDIA from $600.00 to $650.00 and gave the stock an “overweight” rating in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and a consensus target price of $561.45.

Get Our Latest Stock Report on NVIDIA

About NVIDIA

(Free Report)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company’s Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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October 12, 2023
Louisiana State Employees Retirement System Sells 100 Shares of Charles River Laboratories International, Inc. (NYSE:CRL)

Louisiana State Employees Retirement System decreased its position in Charles River Laboratories International, Inc. (NYSE:CRL – Free Report) by 3.0% during the 2nd quarter, Holdings Channel reports. The firm owned 3,200 shares of the medical research company’s stock after selling 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Charles River Laboratories International were worth $673,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CRL. Moneta Group Investment Advisors LLC bought a new stake in shares of Charles River Laboratories International in the 4th quarter worth about $298,877,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Charles River Laboratories International by 35.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,506,293 shares of the medical research company’s stock worth $505,821,000 after purchasing an additional 653,790 shares during the last quarter. Norges Bank bought a new stake in shares of Charles River Laboratories International in the 4th quarter worth about $97,675,000. Southpoint Capital Advisors LP bought a new stake in shares of Charles River Laboratories International in the 1st quarter worth about $80,728,000. Finally, Clearbridge Investments LLC grew its holdings in shares of Charles River Laboratories International by 28.2% in the 1st quarter. Clearbridge Investments LLC now owns 1,368,943 shares of the medical research company’s stock worth $388,739,000 after purchasing an additional 301,159 shares during the last quarter. Institutional investors own 98.91% of the company’s stock.

Charles River Laboratories International Stock Performance

Charles River Laboratories International stock opened at $195.62 on Wednesday. The company has a current ratio of 1.49, a quick ratio of 1.21 and a debt-to-equity ratio of 0.82. Charles River Laboratories International, Inc. has a 1 year low of $181.22 and a 1 year high of $262.00. The company has a market cap of $10.03 billion, a PE ratio of 20.74, a PEG ratio of 1.96 and a beta of 1.33. The company’s 50-day moving average is $202.47 and its two-hundred day moving average is $201.57.

Charles River Laboratories International (NYSE:CRL – Get Free Report) last released its earnings results on Wednesday, August 9th. The medical research company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $0.06. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Charles River Laboratories International had a net margin of 11.58% and a return on equity of 18.99%. The company’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.77 EPS. Equities analysts anticipate that Charles River Laboratories International, Inc. will post 10.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CRL has been the topic of several analyst reports. Bank of America lowered their target price on shares of Charles River Laboratories International from $245.00 to $230.00 in a report on Friday, September 22nd. StockNews.com began coverage on shares of Charles River Laboratories International in a report on Thursday, October 5th. They set a “hold” rating on the stock. Guggenheim decreased their price objective on shares of Charles River Laboratories International from $255.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, September 22nd. JPMorgan Chase & Co. increased their price objective on shares of Charles River Laboratories International from $225.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, August 10th. Finally, TD Cowen decreased their price objective on shares of Charles River Laboratories International from $212.00 to $209.00 and set a “market perform” rating on the stock in a report on Monday, September 25th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $237.09.

Get Our Latest Analysis on Charles River Laboratories International

Insider Activity at Charles River Laboratories International

In related news, EVP Joseph W. Laplume sold 700 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $216.52, for a total value of $151,564.00. Following the sale, the executive vice president now directly owns 24,983 shares in the company, valued at approximately $5,409,319.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Joseph W. Laplume sold 700 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $216.52, for a total value of $151,564.00. Following the sale, the executive vice president now directly owns 24,983 shares in the company, valued at approximately $5,409,319.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP William D. Barbo sold 5,763 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $217.24, for a total transaction of $1,251,954.12. Following the completion of the sale, the vice president now owns 3,592 shares in the company, valued at $780,326.08. The disclosure for this sale can be found here. Insiders have sold 7,934 shares of company stock worth $1,722,048 in the last ninety days. Company insiders own 1.30% of the company’s stock.

Charles River Laboratories International Company Profile

(Free Report)

Charles River Laboratories International, Inc, a non-clinical contract research organization, provides drug discovery, non-clinical development, and safety testing services in the United States, Europe, Canada, the Asia Pacific, and internationally. It operates through three segments: Research Models and Services (RMS), Discovery and Safety Assessment (DSA), and Manufacturing Solutions (Manufacturing).

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October 11, 2023
Allspring Global Investments Holdings LLC Raises Holdings in Vital Farms, Inc. (NASDAQ:VITL)

Allspring Global Investments Holdings LLC raised its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL – Free Report) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 151,460 shares of the company’s stock after purchasing an additional 2,431 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.37% of Vital Farms worth $1,816,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new stake in Vital Farms during the 4th quarter valued at $52,000. Legal & General Group Plc boosted its stake in Vital Farms by 22.3% during the 2nd quarter. Legal & General Group Plc now owns 7,842 shares of the company’s stock valued at $69,000 after purchasing an additional 1,432 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Vital Farms during the 1st quarter valued at $93,000. State of Wyoming purchased a new stake in Vital Farms during the 4th quarter valued at $97,000. Finally, American International Group Inc. boosted its stake in Vital Farms by 14.6% during the 2nd quarter. American International Group Inc. now owns 13,981 shares of the company’s stock valued at $122,000 after purchasing an additional 1,784 shares during the last quarter. 64.21% of the stock is currently owned by hedge funds and other institutional investors.

Vital Farms Price Performance

Shares of Vital Farms stock opened at $11.12 on Tuesday. Vital Farms, Inc. has a one year low of $10.00 and a one year high of $18.18. The stock’s fifty day moving average is $11.61 and its 200 day moving average is $12.78. The stock has a market cap of $458.59 million, a P/E ratio of 30.05 and a beta of 0.56. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.51 and a current ratio of 3.32.

Vital Farms (NASDAQ:VITL – Get Free Report) last announced its earnings results on Thursday, August 3rd. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.09. Vital Farms had a return on equity of 10.01% and a net margin of 3.84%. The company had revenue of $106.45 million for the quarter, compared to analysts’ expectations of $104.89 million. Sell-side analysts anticipate that Vital Farms, Inc. will post 0.42 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Needham & Company LLC reiterated a “hold” rating on shares of Vital Farms in a research note on Thursday, September 21st. TheStreet upgraded Vital Farms from a “d” rating to a “c” rating in a research note on Friday, August 4th. Finally, TD Cowen raised their price target on Vital Farms from $13.00 to $14.00 and gave the stock a “market perform” rating in a research note on Friday, September 22nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Vital Farms presently has a consensus rating of “Hold” and a consensus price target of $17.83.

Check Out Our Latest Stock Report on Vital Farms

Insider Buying and Selling

In related news, CEO Russell Diez-Canseco sold 26,720 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $11.34, for a total value of $303,004.80. Following the transaction, the chief executive officer now directly owns 192,294 shares of the company’s stock, valued at approximately $2,180,613.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Vital Farms news, CEO Russell Diez-Canseco sold 26,720 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $11.34, for a total transaction of $303,004.80. Following the sale, the chief executive officer now directly owns 192,294 shares of the company’s stock, valued at $2,180,613.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Matthew Ohayer sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $11.42, for a total value of $137,040.00. Following the sale, the chairman now directly owns 7,746,777 shares in the company, valued at $88,468,193.34. The disclosure for this sale can be found here. 30.20% of the stock is owned by insiders.

Vital Farms Profile

(Free Report)

Vital Farms, Inc, a food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, ghee, and liquid whole eggs. The company was founded in 2007 and is headquartered in Austin, Texas.

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October 10, 2023
Robeco Institutional Asset Management B.V. Sells 7,276 Shares of Neurocrine Biosciences, Inc. (NASDAQ:NBIX)

Robeco Institutional Asset Management B.V. reduced its holdings in shares of Neurocrine Biosciences, Inc. (NASDAQ:NBIX – Free Report) by 4.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 155,163 shares of the company’s stock after selling 7,276 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.16% of Neurocrine Biosciences worth $14,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. BlackRock Inc. raised its stake in Neurocrine Biosciences by 6.6% during the 1st quarter. BlackRock Inc. now owns 13,466,650 shares of the company’s stock valued at $1,363,094,000 after buying an additional 838,997 shares during the last quarter. State Street Corp grew its holdings in shares of Neurocrine Biosciences by 1.9% in the first quarter. State Street Corp now owns 3,799,915 shares of the company’s stock worth $384,627,000 after acquiring an additional 69,729 shares during the period. Renaissance Technologies LLC lifted its holdings in Neurocrine Biosciences by 20.7% in the first quarter. Renaissance Technologies LLC now owns 1,947,064 shares of the company’s stock valued at $197,082,000 after acquiring an additional 333,400 shares during the period. Armistice Capital LLC boosted its position in Neurocrine Biosciences by 76.9% in the first quarter. Armistice Capital LLC now owns 1,592,000 shares of the company’s stock worth $161,142,000 after purchasing an additional 692,000 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Neurocrine Biosciences by 3.4% during the 1st quarter. Geode Capital Management LLC now owns 1,435,737 shares of the company’s stock valued at $145,127,000 after purchasing an additional 47,042 shares during the period. 93.54% of the stock is owned by hedge funds and other institutional investors.

Neurocrine Biosciences Stock Down 1.2 %

Neurocrine Biosciences stock opened at $113.93 on Monday. Neurocrine Biosciences, Inc. has a twelve month low of $89.04 and a twelve month high of $129.29. The company’s 50-day moving average price is $109.08 and its 200-day moving average price is $101.67. The company has a market cap of $11.13 billion, a PE ratio of 65.86, a price-to-earnings-growth ratio of 1.13 and a beta of 0.44.

Neurocrine Biosciences (NASDAQ:NBIX – Get Free Report) last announced its earnings results on Tuesday, August 1st. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.18. Neurocrine Biosciences had a return on equity of 10.39% and a net margin of 10.54%. The firm had revenue of $452.70 million during the quarter, compared to analysts’ expectations of $448.29 million. As a group, sell-side analysts expect that Neurocrine Biosciences, Inc. will post 2.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jude Onyia sold 3,198 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $107.37, for a total value of $343,369.26. Following the completion of the sale, the insider now owns 9,638 shares in the company, valued at approximately $1,034,832.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Jude Onyia sold 3,198 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $107.37, for a total transaction of $343,369.26. Following the completion of the sale, the insider now directly owns 9,638 shares of the company’s stock, valued at approximately $1,034,832.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Matt Abernethy sold 2,132 shares of Neurocrine Biosciences stock in a transaction on Monday, August 21st. The stock was sold at an average price of $107.39, for a total value of $228,955.48. Following the sale, the chief financial officer now owns 27,131 shares of the company’s stock, valued at $2,913,598.09. The disclosure for this sale can be found here. Insiders sold 31,083 shares of company stock valued at $3,400,811 over the last three months. 4.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on NBIX. JPMorgan Chase & Co. increased their price objective on shares of Neurocrine Biosciences from $133.00 to $134.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 13th. Cantor Fitzgerald reissued an “overweight” rating and set a $136.00 price objective on shares of Neurocrine Biosciences in a research report on Wednesday, September 13th. Canaccord Genuity Group upped their price objective on Neurocrine Biosciences from $132.00 to $144.00 and gave the stock a “buy” rating in a research note on Wednesday, September 13th. TheStreet raised Neurocrine Biosciences from a “c” rating to a “b-” rating in a report on Tuesday, August 1st. Finally, Barclays raised their price objective on Neurocrine Biosciences from $125.00 to $134.00 in a research note on Thursday, September 21st. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $130.79.

Read Our Latest Analysis on NBIX

About Neurocrine Biosciences

(Free Report)

Neurocrine Biosciences, Inc discovers, develops, and markets pharmaceuticals for neurological, endocrine, and psychiatric disorders. The company’s portfolio includes treatments for tardive dyskinesia, Parkinson’s disease, endometriosis, and uterine fibroids, as well as clinical programs in various therapeutic areas.

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October 9, 2023
Pacific Sage Partners LLC Has $575,000 Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Pacific Sage Partners LLC boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 2.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,360 shares of the computer hardware maker’s stock after acquiring an additional 34 shares during the period. Pacific Sage Partners LLC’s holdings in NVIDIA were worth $575,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of NVIDIA during the fourth quarter worth $3,900,874,000. Moneta Group Investment Advisors LLC boosted its position in shares of NVIDIA by 160,446.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock worth $2,862,392,000 after purchasing an additional 19,574,443 shares in the last quarter. GQG Partners LLC bought a new position in shares of NVIDIA during the first quarter worth $2,290,856,000. Price T Rowe Associates Inc. MD boosted its position in shares of NVIDIA by 9.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 56,956,988 shares of the computer hardware maker’s stock worth $8,323,694,000 after purchasing an additional 5,043,685 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of NVIDIA by 20.2% during the fourth quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock worth $4,023,783,000 after purchasing an additional 4,621,002 shares in the last quarter. Institutional investors and hedge funds own 64.79% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 29,688 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $471.55, for a total value of $13,999,376.40. Following the completion of the sale, the chief executive officer now owns 7,800,125 shares of the company’s stock, valued at approximately $3,678,148,943.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other NVIDIA news, CEO Jen Hsun Huang sold 29,688 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $471.55, for a total value of $13,999,376.40. Following the completion of the sale, the chief executive officer now owns 7,800,125 shares of the company’s stock, valued at approximately $3,678,148,943.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 4,980 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $460.74, for a total transaction of $2,294,485.20. Following the completion of the sale, the chief financial officer now directly owns 499,428 shares of the company’s stock, valued at approximately $230,106,456.72. The disclosure for this sale can be found here. Insiders sold 145,232 shares of company stock valued at $67,606,089 in the last quarter. Company insiders own 3.99% of the company’s stock.

NVIDIA Stock Up 2.4 %

Shares of NVDA opened at $457.62 on Friday. NVIDIA Co. has a 52 week low of $108.13 and a 52 week high of $502.66. The firm has a market cap of $1.13 trillion, a P/E ratio of 110.54, a price-to-earnings-growth ratio of 3.47 and a beta of 1.76. The firm’s 50-day simple moving average is $449.07 and its 200 day simple moving average is $385.94. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.37 and a current ratio of 2.79.

NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.62. NVIDIA had a net margin of 31.59% and a return on equity of 45.50%. The business had revenue of $13.51 billion for the quarter, compared to analyst estimates of $11.19 billion. During the same quarter in the prior year, the business earned $0.32 EPS. NVIDIA’s quarterly revenue was up 101.5% on a year-over-year basis. On average, analysts forecast that NVIDIA Co. will post 9.54 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 7th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend was Wednesday, September 6th. NVIDIA’s dividend payout ratio is currently 3.86%.

Analysts Set New Price Targets

NVDA has been the topic of a number of recent analyst reports. Mizuho lifted their price target on shares of NVIDIA from $530.00 to $590.00 and gave the stock a “buy” rating in a research report on Thursday, August 24th. Truist Financial boosted their price objective on shares of NVIDIA from $545.00 to $668.00 and gave the company a “buy” rating in a research report on Thursday, August 24th. Rosenblatt Securities reaffirmed a “buy” rating on shares of NVIDIA in a research report on Wednesday, September 20th. Argus boosted their price objective on shares of NVIDIA from $450.00 to $600.00 and gave the company a “buy” rating in a research report on Thursday, August 24th. Finally, Westpark Capital raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $690.00 price objective on the stock in a research report on Thursday, August 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $558.95.

Get Our Latest Report on NVIDIA

NVIDIA Company Profile

(Free Report)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company’s Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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October 8, 2023
Cambridge Investment Research Advisors Inc. Has $1.01 Million Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 48.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,872 shares of the semiconductor company’s stock after acquiring an additional 615 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Monolithic Power Systems were worth $1,011,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its holdings in shares of Monolithic Power Systems by 109.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,651,445 shares of the semiconductor company’s stock valued at $1,291,187,000 after buying an additional 1,907,764 shares during the period. Moneta Group Investment Advisors LLC grew its holdings in shares of Monolithic Power Systems by 140,338.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,023,797 shares of the semiconductor company’s stock valued at $362,025,000 after buying an additional 1,023,068 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Monolithic Power Systems by 516.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 876,025 shares of the semiconductor company’s stock valued at $69,441,000 after buying an additional 733,832 shares during the period. Norges Bank acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at $150,233,000. Finally, FMR LLC grew its holdings in shares of Monolithic Power Systems by 20.0% in the 1st quarter. FMR LLC now owns 1,757,149 shares of the semiconductor company’s stock valued at $879,524,000 after buying an additional 293,326 shares during the period. Institutional investors and hedge funds own 96.52% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MPWR. StockNews.com began coverage on shares of Monolithic Power Systems in a report on Thursday. They issued a “hold” rating for the company. Oppenheimer upped their target price on shares of Monolithic Power Systems from $475.00 to $565.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Raymond James upped their target price on shares of Monolithic Power Systems from $500.00 to $570.00 in a research note on Monday, July 10th. Stifel Nicolaus upped their target price on shares of Monolithic Power Systems from $540.00 to $600.00 and gave the stock a “buy” rating in a research note on Thursday, July 20th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $580.00 target price on shares of Monolithic Power Systems in a research note on Wednesday, September 20th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $553.46.

View Our Latest Report on Monolithic Power Systems

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $451.76 on Friday. The company’s 50-day moving average price is $496.29 and its two-hundred day moving average price is $493.35. The stock has a market capitalization of $21.61 billion, a PE ratio of 48.47, a price-to-earnings-growth ratio of 2.71 and a beta of 1.15. Monolithic Power Systems, Inc. has a one year low of $301.69 and a one year high of $595.98.

Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last issued its earnings results on Monday, July 31st. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.11). The firm had revenue of $441.13 million during the quarter, compared to the consensus estimate of $440.46 million. Monolithic Power Systems had a net margin of 24.50% and a return on equity of 26.80%. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 9.13 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a $1.00 dividend. The ex-dividend date is Thursday, September 28th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.89%. Monolithic Power Systems’s payout ratio is 42.92%.

Insider Activity

In other news, CEO Michael Hsing sold 28,845 shares of the company’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $534.23, for a total value of $15,409,864.35. Following the sale, the chief executive officer now directly owns 1,020,602 shares of the company’s stock, valued at approximately $545,236,206.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Monolithic Power Systems news, CFO Theodore Blegen sold 7,575 shares of the stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $534.23, for a total value of $4,046,792.25. Following the transaction, the chief financial officer now directly owns 123,921 shares of the company’s stock, valued at approximately $66,202,315.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Hsing sold 28,845 shares of the stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $534.23, for a total transaction of $15,409,864.35. Following the completion of the transaction, the chief executive officer now directly owns 1,020,602 shares in the company, valued at $545,236,206.46. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,637 shares of company stock valued at $42,841,149. 3.20% of the stock is owned by company insiders.

Monolithic Power Systems Profile

(Free Report)

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.

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October 6, 2023
Stratos Wealth Partners LTD. Sells 1,454 Shares of Generac Holdings Inc. (NYSE:GNRC)

Stratos Wealth Partners LTD. lowered its stake in shares of Generac Holdings Inc. (NYSE:GNRC – Free Report) by 36.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,543 shares of the technology company’s stock after selling 1,454 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Generac were worth $379,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GNRC. WealthPLAN Partners LLC bought a new stake in Generac in the 1st quarter valued at $60,000. Exchange Traded Concepts LLC bought a new stake in Generac in the 1st quarter valued at $44,000. Arrow Investment Advisors LLC bought a new stake in Generac in the 4th quarter valued at $207,000. SG Americas Securities LLC increased its holdings in Generac by 93.4% in the 2nd quarter. SG Americas Securities LLC now owns 9,188 shares of the technology company’s stock valued at $1,370,000 after buying an additional 4,437 shares during the period. Finally, Level Four Advisory Services LLC acquired a new stake in shares of Generac in the 1st quarter valued at $247,000. Institutional investors own 87.59% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on GNRC shares. JPMorgan Chase & Co. boosted their target price on shares of Generac from $169.00 to $189.00 in a research note on Wednesday, July 19th. Citigroup reduced their target price on shares of Generac from $144.00 to $133.00 in a research note on Monday. Bank of America boosted their target price on shares of Generac from $93.00 to $94.00 in a research note on Friday, September 29th. CL King started coverage on shares of Generac in a research note on Monday, July 24th. They issued a “buy” rating and a $178.00 target price on the stock. Finally, Janney Montgomery Scott upgraded shares of Generac from a “neutral” rating to a “buy” rating in a research note on Friday, August 4th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $142.74.

Read Our Latest Analysis on Generac

Generac Price Performance

NYSE GNRC opened at $101.71 on Thursday. The business has a 50 day simple moving average of $115.29 and a 200 day simple moving average of $118.06. Generac Holdings Inc. has a 52-week low of $86.29 and a 52-week high of $182.60. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.89 and a current ratio of 2.43. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 42.20, a PEG ratio of 1.98 and a beta of 1.29.

Generac (NYSE:GNRC – Get Free Report) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.08). Generac had a return on equity of 14.23% and a net margin of 4.64%. The firm had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $979.51 million. During the same period last year, the company earned $2.99 EPS. The company’s revenue was down 22.5% compared to the same quarter last year. Analysts anticipate that Generac Holdings Inc. will post 5.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Generac news, EVP Rajendra Kumar Kanuru sold 250 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $108.24, for a total transaction of $27,060.00. Following the completion of the transaction, the executive vice president now owns 15,868 shares of the company’s stock, valued at approximately $1,717,552.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Generac news, EVP Rajendra Kumar Kanuru sold 250 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $108.24, for a total transaction of $27,060.00. Following the completion of the transaction, the executive vice president now owns 15,868 shares of the company’s stock, valued at approximately $1,717,552.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $108.24, for a total value of $541,200.00. Following the completion of the sale, the chief executive officer now directly owns 597,690 shares of the company’s stock, valued at approximately $64,693,965.60. The disclosure for this sale can be found here. Insiders sold a total of 10,500 shares of company stock valued at $1,199,468 in the last quarter. 2.80% of the stock is currently owned by insiders.

Generac Company Profile

(Free Report)

Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, energy management devices and solutions, and other power products for the residential, light commercial, and industrial markets worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; residential storage solution consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; Mobile Link, a remote monitoring system for home standby generators; smart home solutions, such as smart thermostats and a suite of home monitoring products; smart water heater controllers; residential clean energy solutions; and portable and inverter generators; outdoor power equipment, including trimmers, field and brush mowers, log splitters, stump grinders, chipper shredders, lawn and leaf vacuums, and pressure washers and water pumps; and battery-powered turf care products.

Further Reading

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October 5, 2023
Hutchens & Kramer Investment Management Group LLC Boosts Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Hutchens & Kramer Investment Management Group LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 7.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,504 shares of the information services provider’s stock after buying an additional 172 shares during the quarter. Hutchens & Kramer Investment Management Group LLC’s holdings in Alphabet were worth $300,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Live Oak Investment Partners purchased a new stake in Alphabet during the 4th quarter worth about $26,000. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Alphabet in the 4th quarter valued at about $34,000. Turim 21 Investimentos Ltda. purchased a new position in shares of Alphabet in the 3rd quarter valued at about $38,000. IAG Wealth Partners LLC increased its holdings in shares of Alphabet by 100.0% in the 1st quarter. IAG Wealth Partners LLC now owns 400 shares of the information services provider’s stock valued at $41,000 after acquiring an additional 200 shares during the last quarter. Finally, Kalos Management Inc. purchased a new position in shares of Alphabet in the 1st quarter valued at about $48,000. Hedge funds and other institutional investors own 35.08% of the company’s stock.

Alphabet Price Performance

Shares of Alphabet stock opened at $132.43 on Wednesday. Alphabet Inc. has a twelve month low of $83.34 and a twelve month high of $139.16. The stock has a market capitalization of $1.67 trillion, a P/E ratio of 28.06, a PEG ratio of 1.51 and a beta of 1.06. The company has a current ratio of 2.17, a quick ratio of 2.14 and a debt-to-equity ratio of 0.05. The business’s fifty day moving average price is $132.30 and its 200 day moving average price is $121.09.

Alphabet (NASDAQ:GOOGL – Get Free Report) last issued its quarterly earnings data on Tuesday, July 25th. The information services provider reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.12. The company had revenue of $74.60 billion for the quarter, compared to analysts’ expectations of $60.24 billion. Alphabet had a return on equity of 23.49% and a net margin of 21.05%. During the same quarter in the previous year, the firm posted $1.21 earnings per share. As a group, research analysts anticipate that Alphabet Inc. will post 5.68 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on GOOGL shares. Evercore ISI increased their price objective on Alphabet from $130.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, July 26th. Piper Sandler decreased their target price on Alphabet from $148.00 to $147.00 and set an “overweight” rating for the company in a research report on Tuesday. UBS Group cut Alphabet from a “buy” rating to a “neutral” rating and upped their target price for the company from $123.00 to $132.00 in a research report on Monday, June 26th. Truist Financial upped their target price on Alphabet from $122.00 to $160.00 in a research report on Wednesday, July 26th. Finally, The Goldman Sachs Group upped their target price on Alphabet from $132.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, July 17th. Four analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $143.86.

Get Our Latest Research Report on Alphabet

Insider Transactions at Alphabet

In related news, Director Kavitark Ram Shriram sold 31,240 shares of the business’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $116.82, for a total value of $3,649,456.80. Following the completion of the sale, the director now directly owns 5,364 shares of the company’s stock, valued at $626,622.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $131.14, for a total transaction of $26,228.00. Following the completion of the transaction, the director now directly owns 5,340 shares of the company’s stock, valued at $700,287.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kavitark Ram Shriram sold 31,240 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $116.82, for a total value of $3,649,456.80. Following the transaction, the director now owns 5,364 shares of the company’s stock, valued at $626,622.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 116,248 shares of company stock valued at $15,024,706. 0.88% of the stock is currently owned by insiders.

Alphabet Profile

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Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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October 4, 2023
Monument Capital Management Acquires New Position in Johnson & Johnson (NYSE:JNJ)

Monument Capital Management acquired a new stake in Johnson & Johnson (NYSE:JNJ – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,332 shares of the company’s stock, valued at approximately $386,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atlantic Private Wealth LLC acquired a new position in shares of Johnson & Johnson during the first quarter worth approximately $32,000. Dark Forest Capital Management LP lifted its position in Johnson & Johnson by 1,044.4% in the fourth quarter. Dark Forest Capital Management LP now owns 206 shares of the company’s stock worth $36,000 after purchasing an additional 188 shares during the period. Ruedi Wealth Management Inc. acquired a new stake in Johnson & Johnson in the fourth quarter worth approximately $42,000. Kepos Capital LP acquired a new stake in Johnson & Johnson in the fourth quarter worth approximately $45,000. Finally, 25 LLC acquired a new stake in Johnson & Johnson in the first quarter worth approximately $55,000. 68.40% of the stock is owned by institutional investors.

Johnson & Johnson Stock Performance

NYSE:JNJ opened at $155.75 on Monday. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $404.79 billion, a P/E ratio of 31.53, a price-to-earnings-growth ratio of 3.15 and a beta of 0.55. The firm has a 50 day moving average of $165.97 and a 200-day moving average of $162.29. Johnson & Johnson has a 1 year low of $150.11 and a 1 year high of $181.04.

Johnson & Johnson (NYSE:JNJ – Get Free Report) last issued its quarterly earnings results on Thursday, July 20th. The company reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.18. The business had revenue of $25.53 billion during the quarter, compared to analyst estimates of $24.63 billion. Johnson & Johnson had a net margin of 13.35% and a return on equity of 36.72%. Johnson & Johnson’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.59 earnings per share. As a group, sell-side analysts anticipate that Johnson & Johnson will post 10.02 EPS for the current fiscal year.

Johnson & Johnson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Monday, August 28th were issued a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date was Friday, August 25th. Johnson & Johnson’s dividend payout ratio is presently 96.36%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on JNJ. TheStreet raised Johnson & Johnson from a “c+” rating to a “b+” rating in a report on Monday, August 21st. Credit Suisse Group boosted their target price on shares of Johnson & Johnson from $170.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, July 21st. JPMorgan Chase & Co. upped their price target on shares of Johnson & Johnson from $175.00 to $180.00 and gave the stock a “neutral” rating in a research note on Friday, July 21st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $215.00 price objective on shares of Johnson & Johnson in a report on Monday, September 18th. Finally, HSBC assumed coverage on shares of Johnson & Johnson in a report on Wednesday, September 6th. They issued a “hold” rating and a $175.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Johnson & Johnson has a consensus rating of “Hold” and an average price target of $170.65.

Get Our Latest Stock Report on JNJ

Insiders Place Their Bets

In other news, insider William Hait sold 14,698 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $172.00, for a total value of $2,528,056.00. Following the completion of the transaction, the insider now owns 87,747 shares of the company’s stock, valued at approximately $15,092,484. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider William Hait sold 14,698 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $172.00, for a total value of $2,528,056.00. Following the sale, the insider now directly owns 87,747 shares of the company’s stock, valued at approximately $15,092,484. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Peter Fasolo sold 20,000 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $170.32, for a total transaction of $3,406,400.00. Following the sale, the vice president now directly owns 102,696 shares in the company, valued at $17,491,182.72. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

Johnson & Johnson Profile

(Free Report)

Johnson & Johnson, together with its subsidiaries, researches, develops, manufactures, and sells various products in the healthcare field worldwide. The company’s Consumer Health segment provides skin health/beauty products under the AVEENO, CLEAN & CLEAR, DR. CI:LABO, NEUTROGENA, and OGX brands; baby care products under the JOHNSON’S and AVEENO Baby brands; oral care products under the LISTERINE brand; TYLENOL acetaminophen products; SUDAFED cold, flu, and allergy products; BENADRYL and ZYRTEC allergy products; MOTRIN IB ibuprofen products; NICORETTE smoking cessation products; and PEPCID acid reflux products.

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October 2, 2023
Chesley Taft & Associates LLC Has $12.58 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Chesley Taft & Associates LLC lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 1.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 105,087 shares of the information services provider’s stock after selling 2,050 shares during the period. Chesley Taft & Associates LLC’s holdings in Alphabet were worth $12,579,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Spreng Capital Management Inc. grew its position in shares of Alphabet by 4.0% during the 1st quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock valued at $364,000 after acquiring an additional 5 shares during the period. West Family Investments Inc. grew its position in shares of Alphabet by 0.3% during the 1st quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock valued at $4,878,000 after acquiring an additional 6 shares during the period. Maple Capital Management Inc. grew its position in shares of Alphabet by 2.1% during the 1st quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider’s stock valued at $823,000 after acquiring an additional 6 shares during the period. Private Advisory Group LLC grew its position in shares of Alphabet by 1.8% during the 1st quarter. Private Advisory Group LLC now owns 401 shares of the information services provider’s stock valued at $1,115,000 after acquiring an additional 7 shares during the period. Finally, Weik Capital Management grew its position in shares of Alphabet by 0.5% during the 1st quarter. Weik Capital Management now owns 1,533 shares of the information services provider’s stock valued at $4,264,000 after acquiring an additional 8 shares during the period. Institutional investors own 35.08% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 3,749 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $136.28, for a total value of $510,913.72. Following the sale, the chief accounting officer now owns 25,568 shares of the company’s stock, valued at approximately $3,484,407.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Alphabet news, Director Frances Arnold sold 240 shares of the firm’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $130.85, for a total value of $31,404.00. Following the sale, the director now owns 13,917 shares of the company’s stock, valued at approximately $1,821,039.45. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 3,749 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $136.28, for a total transaction of $510,913.72. Following the completion of the sale, the chief accounting officer now directly owns 25,568 shares in the company, valued at approximately $3,484,407.04. The disclosure for this sale can be found here. Insiders have sold a total of 131,731 shares of company stock valued at $16,880,398 in the last quarter. Insiders own 0.88% of the company’s stock.

Alphabet Price Performance

GOOGL stock opened at $130.86 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.14 and a current ratio of 2.17. Alphabet Inc. has a 52 week low of $83.34 and a 52 week high of $139.16. The firm’s fifty day moving average is $131.84 and its 200 day moving average is $120.46. The firm has a market cap of $1.65 trillion, a P/E ratio of 27.72, a P/E/G ratio of 1.52 and a beta of 1.06.

Alphabet (NASDAQ:GOOGL – Get Free Report) last released its earnings results on Tuesday, July 25th. The information services provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.32 by $0.12. The company had revenue of $74.60 billion for the quarter, compared to analyst estimates of $60.24 billion. Alphabet had a net margin of 21.05% and a return on equity of 23.49%. During the same quarter last year, the firm earned $1.21 EPS. Research analysts predict that Alphabet Inc. will post 5.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of recent research reports. JMP Securities restated a “market outperform” rating and set a $138.00 price target on shares of Alphabet in a research note on Wednesday, August 30th. 51job restated a “downgrade” rating on shares of Alphabet in a research note on Tuesday, June 27th. KeyCorp upped their price target on shares of Alphabet from $140.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, July 26th. Credit Suisse Group upped their price target on shares of Alphabet from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, July 17th. Finally, Truist Financial upped their price target on shares of Alphabet from $122.00 to $160.00 in a research note on Wednesday, July 26th. Four equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $143.89.

Check Out Our Latest Report on GOOGL

About Alphabet

(Free Report)

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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October 1, 2023
Level Financial Advisors Inc. Decreases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Level Financial Advisors Inc. cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.4% during the 2nd quarter, Holdings Channel reports. The firm owned 3,185 shares of the e-commerce giant’s stock after selling 255 shares during the period. Level Financial Advisors Inc.’s holdings in Amazon.com were worth $415,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Laurel Wealth Planning LLC raised its stake in Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. bought a new position in Amazon.com in the fourth quarter worth about $37,000. Swaine & Leidel Wealth Services LLC bought a new position in Amazon.com in the first quarter worth about $38,000. Ruedi Wealth Management Inc. bought a new position in Amazon.com in the fourth quarter worth about $40,000. Finally, Atlantic Private Wealth LLC purchased a new stake in Amazon.com in the first quarter worth $43,000. 57.96% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total value of $69,240.00. Following the sale, the chief executive officer now directly owns 106,520 shares in the company, valued at approximately $14,750,889.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total value of $69,240.00. Following the sale, the chief executive officer now directly owns 106,520 shares in the company, valued at approximately $14,750,889.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 42,816 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total value of $6,213,886.08. Following the transaction, the senior vice president now owns 64,380 shares of the company’s stock, valued at approximately $9,343,469.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,408,645 shares of company stock valued at $55,223,448. Corporate insiders own 12.30% of the company’s stock.

Amazon.com Trading Up 0.9 %

Shares of Amazon.com stock opened at $127.12 on Friday. The company has a market capitalization of $1.31 trillion, a P/E ratio of 100.10, a P/E/G ratio of 1.67 and a beta of 1.24. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95. The company has a fifty day moving average of $134.87 and a 200 day moving average of $121.68. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $145.86.

Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. The company had revenue of $134.38 billion for the quarter, compared to analysts’ expectations of $131.54 billion. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AMZN shares. Canaccord Genuity Group upped their price target on Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. BNP Paribas raised shares of Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 price objective on the stock in a research note on Friday, August 4th. Sanford C. Bernstein boosted their price objective on shares of Amazon.com from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 19th. Piper Sandler boosted their price objective on shares of Amazon.com from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, August 24th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $160.00 price objective on shares of Amazon.com in a research note on Friday, September 22nd. Three equities research analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $161.30.

Get Our Latest Stock Analysis on Amazon.com

About Amazon.com

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company’s products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

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September 30, 2023
United States Steel Co. (NYSE:X) Stock Position Increased by AE Wealth Management LLC

AE Wealth Management LLC lifted its stake in shares of United States Steel Co. (NYSE:X – Free Report) by 32.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,305 shares of the basic materials company’s stock after purchasing an additional 5,741 shares during the period. AE Wealth Management LLC’s holdings in United States Steel were worth $583,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of X. Norges Bank acquired a new stake in shares of United States Steel during the fourth quarter worth $61,925,000. First Trust Advisors LP grew its holdings in shares of United States Steel by 155.8% during the first quarter. First Trust Advisors LP now owns 3,309,824 shares of the basic materials company’s stock valued at $124,913,000 after buying an additional 2,015,980 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings in shares of United States Steel by 930.3% during the first quarter. Balyasny Asset Management L.P. now owns 1,252,910 shares of the basic materials company’s stock valued at $32,701,000 after buying an additional 1,131,304 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of United States Steel by 188.4% during the first quarter. Prudential Financial Inc. now owns 1,296,959 shares of the basic materials company’s stock valued at $23,229,000 after buying an additional 847,203 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of United States Steel by 169.3% during the fourth quarter. Deutsche Bank AG now owns 1,142,242 shares of the basic materials company’s stock valued at $28,613,000 after buying an additional 718,140 shares in the last quarter. 74.60% of the stock is owned by institutional investors and hedge funds.

United States Steel Stock Performance

Shares of NYSE X opened at $32.25 on Friday. The business’s 50-day moving average price is $28.78 and its two-hundred day moving average price is $25.55. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.92 and a quick ratio of 1.30. United States Steel Co. has a one year low of $18.01 and a one year high of $32.52. The company has a market capitalization of $7.19 billion, a P/E ratio of 6.19 and a beta of 2.14.

United States Steel (NYSE:X – Get Free Report) last released its quarterly earnings results on Friday, July 28th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.06. The company had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $5.11 billion. United States Steel had a return on equity of 13.51% and a net margin of 7.05%. The firm’s revenue was down 20.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.86 EPS. Analysts anticipate that United States Steel Co. will post 4.08 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Monday, August 7th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, August 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.62%. United States Steel’s dividend payout ratio (DPR) is presently 3.85%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Citigroup lifted their price target on United States Steel from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday. BMO Capital Markets lowered their price target on United States Steel from $27.00 to $26.00 in a report on Monday, July 31st. Wolfe Research downgraded United States Steel from a “peer perform” rating to an “underperform” rating and set a $19.00 price target on the stock. in a report on Thursday, June 1st. Morgan Stanley reiterated an “equal weight” rating and set a $25.00 price target on shares of United States Steel in a report on Tuesday, August 1st. Finally, BNP Paribas downgraded United States Steel from an “outperform” rating to a “neutral” rating and set a $26.00 target price on the stock. in a research note on Wednesday, July 5th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $25.25.

Get Our Latest Report on United States Steel

Insider Transactions at United States Steel

In other news, SVP Scott D. Buckiso sold 8,970 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $31.16, for a total transaction of $279,505.20. Following the completion of the sale, the senior vice president now owns 106,854 shares in the company, valued at approximately $3,329,570.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other United States Steel news, SVP Duane D. Holloway sold 23,406 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $31.00, for a total value of $725,586.00. Following the completion of the transaction, the senior vice president now owns 105,800 shares of the company’s stock, valued at approximately $3,279,800. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Scott D. Buckiso sold 8,970 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $31.16, for a total value of $279,505.20. Following the completion of the transaction, the senior vice president now directly owns 106,854 shares of the company’s stock, valued at approximately $3,329,570.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,944 shares of company stock worth $3,217,822. 0.98% of the stock is owned by corporate insiders.

United States Steel Company Profile

(Free Report)

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through four segments: North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.

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September 29, 2023
Sylvamo Co. (NYSE:SLVM) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lowered its position in shares of Sylvamo Co. (NYSE:SLVM – Free Report) by 3.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,437 shares of the company’s stock after selling 429 shares during the period. Maryland State Retirement & Pension System’s holdings in Sylvamo were worth $503,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SLVM. Federated Hermes Inc. acquired a new stake in shares of Sylvamo during the first quarter worth about $25,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Sylvamo during the first quarter worth about $26,000. International Assets Investment Management LLC acquired a new position in Sylvamo in the 1st quarter valued at about $29,000. Quadrant Capital Group LLC increased its position in Sylvamo by 308.3% in the 4th quarter. Quadrant Capital Group LLC now owns 837 shares of the company’s stock valued at $41,000 after acquiring an additional 632 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in Sylvamo by 389.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 975 shares of the company’s stock valued at $45,000 after acquiring an additional 776 shares during the period. Institutional investors and hedge funds own 89.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Bank of America upgraded Sylvamo from a “neutral” rating to a “buy” rating and boosted their price target for the company from $52.00 to $61.00 in a research report on Monday, July 10th. Royal Bank of Canada cut Sylvamo from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $55.00 to $44.00 in a research report on Thursday, August 10th.

Check Out Our Latest Stock Report on Sylvamo

Sylvamo Stock Performance

Shares of SLVM stock opened at $43.41 on Thursday. Sylvamo Co. has a 52-week low of $33.53 and a 52-week high of $57.38. The stock’s 50-day moving average price is $42.95 and its 200 day moving average price is $43.37. The stock has a market capitalization of $1.82 billion, a PE ratio of 6.38, a price-to-earnings-growth ratio of 0.24 and a beta of 1.10. The company has a quick ratio of 1.01, a current ratio of 1.74 and a debt-to-equity ratio of 1.11.

Sylvamo (NYSE:SLVM – Get Free Report) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.17. The company had revenue of $919.00 million for the quarter, compared to analyst estimates of $950.84 million. Sylvamo had a return on equity of 55.02% and a net margin of 7.87%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.02 EPS. As a group, equities research analysts forecast that Sylvamo Co. will post 5.95 EPS for the current year.

Sylvamo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Tuesday, October 3rd will be paid a dividend of $0.30 per share. This is a positive change from Sylvamo’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, October 2nd. This represents a $1.20 annualized dividend and a dividend yield of 2.76%. Sylvamo’s payout ratio is 14.71%.

Sylvamo Company Profile

(Free Report)

Sylvamo Corporation produces and markets uncoated freesheet, cutsize, offset paper, and pulp in Latin America, Europe, and North America. The company operates through Europe, Latin America, and North America segments. The Europe segment offers copy, tinted, and colored laser printing paper under REY Adagio and Pro-Design brands; and high-speed inkjet printing papers under the brand Jetstar; as well as produces uncoated freesheet papers.

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September 28, 2023
Cambridge Investment Research Advisors Inc. Sells 25,827 Shares of Apple Inc. (NASDAQ:AAPL)

Cambridge Investment Research Advisors Inc. lessened its position in Apple Inc. (NASDAQ:AAPL – Free Report) by 0.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,890,447 shares of the iPhone maker’s stock after selling 25,827 shares during the quarter. Apple comprises 4.3% of Cambridge Investment Research Advisors Inc.’s holdings, making the stock its largest position. Cambridge Investment Research Advisors Inc.’s holdings in Apple were worth $948,600,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Apple by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after acquiring an additional 8,734,393 shares in the last quarter. Berkshire Hathaway Inc lifted its position in Apple by 2.3% during the first quarter. Berkshire Hathaway Inc now owns 915,560,382 shares of the iPhone maker’s stock worth $150,975,907,000 after buying an additional 20,424,207 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its position in Apple by 116,483.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock worth $74,002,245,000 after buying an additional 569,066,184 shares in the last quarter. Geode Capital Management LLC lifted its position in Apple by 0.9% during the first quarter. Geode Capital Management LLC now owns 285,171,112 shares of the iPhone maker’s stock worth $46,918,015,000 after buying an additional 2,421,295 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Apple by 3.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 234,017,381 shares of the iPhone maker’s stock worth $38,589,468,000 after buying an additional 7,736,013 shares in the last quarter. Hedge funds and other institutional investors own 58.51% of the company’s stock.

Apple Trading Down 2.3 %

NASDAQ AAPL opened at $171.96 on Wednesday. The company has a market capitalization of $2.69 trillion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 2.55 and a beta of 1.27. Apple Inc. has a 1-year low of $124.17 and a 1-year high of $198.23. The firm’s fifty day simple moving average is $182.57 and its 200-day simple moving average is $176.87. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.63.

Apple (NASDAQ:AAPL – Get Free Report) last issued its quarterly earnings data on Thursday, August 3rd. The iPhone maker reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. The firm had revenue of $81.80 billion during the quarter, compared to analysts’ expectations of $81.79 billion. Apple had a net margin of 24.68% and a return on equity of 164.92%. Apple’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.20 earnings per share. As a group, sell-side analysts anticipate that Apple Inc. will post 6.05 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 14th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Friday, August 11th. Apple’s dividend payout ratio is presently 16.13%.

Insider Buying and Selling

In related news, SVP Deirdre O’brien sold 15,419 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $178.56, for a total value of $2,753,216.64. Following the completion of the sale, the senior vice president now directly owns 136,445 shares in the company, valued at $24,363,619.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on AAPL. Piper Jaffray Companies lifted their price objective on Apple from $180.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, July 31st. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Apple in a research report on Thursday, September 21st. KeyCorp reiterated an “overweight” rating and set a $200.00 price objective on shares of Apple in a research report on Thursday, September 14th. DA Davidson downgraded Apple from a “buy” rating to a “neutral” rating and reduced their target price for the company from $193.00 to $185.00 in a research report on Monday, June 5th. Finally, Sanford C. Bernstein lifted their target price on Apple from $175.00 to $195.00 and gave the company a “market perform” rating in a research report on Thursday, July 27th. Ten analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $199.41.

Check Out Our Latest Stock Analysis on AAPL

Apple Profile

(Free Report)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

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September 27, 2023
Xponance Inc. Cuts Holdings in Weyerhaeuser (NYSE:WY)

Xponance Inc. lowered its stake in Weyerhaeuser (NYSE:WY – Free Report) by 3.9% during the second quarter, Holdings Channel.com reports. The firm owned 90,721 shares of the real estate investment trust’s stock after selling 3,728 shares during the quarter. Xponance Inc.’s holdings in Weyerhaeuser were worth $3,040,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Atria Wealth Solutions Inc. raised its stake in Weyerhaeuser by 2.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 11,587 shares of the real estate investment trust’s stock valued at $359,000 after buying an additional 297 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in Weyerhaeuser by 3.1% during the fourth quarter. Integrated Wealth Concepts LLC now owns 9,907 shares of the real estate investment trust’s stock worth $307,000 after purchasing an additional 299 shares during the last quarter. Home Federal Bank of Tennessee boosted its holdings in Weyerhaeuser by 0.9% in the first quarter. Home Federal Bank of Tennessee now owns 36,377 shares of the real estate investment trust’s stock valued at $1,096,000 after purchasing an additional 340 shares in the last quarter. Ascent Group LLC increased its stake in Weyerhaeuser by 3.8% in the third quarter. Ascent Group LLC now owns 9,608 shares of the real estate investment trust’s stock valued at $297,000 after purchasing an additional 348 shares during the last quarter. Finally, Stelac Advisory Services LLC raised its holdings in Weyerhaeuser by 2.3% during the first quarter. Stelac Advisory Services LLC now owns 16,005 shares of the real estate investment trust’s stock worth $482,000 after purchasing an additional 365 shares in the last quarter. 79.54% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Stock Performance

NYSE:WY opened at $31.28 on Monday. The firm has a market cap of $22.86 billion, a price-to-earnings ratio of 32.58 and a beta of 1.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.74 and a quick ratio of 1.42. Weyerhaeuser has a 1-year low of $27.36 and a 1-year high of $36.00. The firm’s fifty day moving average price is $32.97 and its 200 day moving average price is $31.27.

Weyerhaeuser (NYSE:WY – Get Free Report) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $0.32 EPS for the quarter, topping the consensus estimate of $0.21 by $0.11. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $2.01 billion. Weyerhaeuser had a net margin of 8.80% and a return on equity of 8.32%. The business’s revenue was down 36.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.06 EPS. On average, sell-side analysts expect that Weyerhaeuser will post 1.19 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a $0.19 dividend. The ex-dividend date was Thursday, August 31st. This represents a $0.76 dividend on an annualized basis and a yield of 2.43%. Weyerhaeuser’s payout ratio is 79.17%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WY. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Weyerhaeuser in a research report on Monday, July 31st. Truist Financial lifted their target price on Weyerhaeuser from $35.00 to $36.00 and gave the stock a “hold” rating in a research report on Monday, July 31st. SpectralCast reissued a “maintains” rating on shares of Weyerhaeuser in a research report on Wednesday, June 28th. StockNews.com began coverage on Weyerhaeuser in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, DA Davidson raised their target price on shares of Weyerhaeuser from $35.00 to $40.00 in a research report on Friday, July 7th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.29.

Check Out Our Latest Research Report on Weyerhaeuser

Insider Buying and Selling at Weyerhaeuser

In other news, SVP Denise M. Merle sold 7,500 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $32.29, for a total value of $242,175.00. Following the sale, the senior vice president now directly owns 147,601 shares in the company, valued at $4,766,036.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.27% of the stock is currently owned by insiders.

Weyerhaeuser Company Profile

(Free Report)

Weyerhaeuser Company, one of the world’s largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.

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September 25, 2023
Level Four Advisory Services LLC Grows Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Level Four Advisory Services LLC grew its holdings in American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 18.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,945 shares of the company’s stock after purchasing an additional 2,180 shares during the quarter. Level Four Advisory Services LLC’s holdings in American Electric Power were worth $1,174,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. ASB Consultores LLC lifted its stake in American Electric Power by 4.7% in the 4th quarter. ASB Consultores LLC now owns 2,561 shares of the company’s stock worth $243,000 after purchasing an additional 114 shares in the last quarter. Buckingham Capital Management Inc. increased its holdings in shares of American Electric Power by 0.4% during the 1st quarter. Buckingham Capital Management Inc. now owns 29,229 shares of the company’s stock worth $2,660,000 after buying an additional 114 shares during the last quarter. Jaffetilchin Investment Partners LLC increased its holdings in shares of American Electric Power by 2.0% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 6,010 shares of the company’s stock worth $592,000 after buying an additional 117 shares during the last quarter. Marino Stram & Associates LLC increased its holdings in shares of American Electric Power by 1.0% during the 1st quarter. Marino Stram & Associates LLC now owns 11,985 shares of the company’s stock worth $1,091,000 after buying an additional 119 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of American Electric Power by 0.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 28,284 shares of the company’s stock worth $2,445,000 after buying an additional 119 shares during the last quarter. 74.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Royal Bank of Canada cut their price target on shares of American Electric Power from $103.00 to $89.00 and set an “outperform” rating for the company in a report on Wednesday, September 6th. Guggenheim cut their price target on shares of American Electric Power from $105.00 to $96.00 in a report on Friday, July 7th. Morgan Stanley raised their price target on shares of American Electric Power from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday. StockNews.com upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a report on Saturday, September 16th. Finally, Cfra dropped their target price on shares of American Electric Power from $99.00 to $94.00 and set a “buy” rating for the company in a report on Monday, September 18th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, American Electric Power presently has a consensus rating of “Moderate Buy” and an average target price of $94.97.

Check Out Our Latest Stock Report on AEP

American Electric Power Stock Performance

NASDAQ:AEP opened at $79.17 on Friday. The company has a fifty day simple moving average of $81.00 and a two-hundred day simple moving average of $85.44. The company has a market cap of $40.79 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 2.71 and a beta of 0.46. The company has a quick ratio of 0.48, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. American Electric Power Company, Inc. has a 52 week low of $75.47 and a 52 week high of $100.32.

American Electric Power (NASDAQ:AEP – Get Free Report) last posted its quarterly earnings results on Thursday, July 27th. The company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.01). The business had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.70 billion. American Electric Power had a return on equity of 10.44% and a net margin of 10.20%. The business’s revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.20 EPS. As a group, equities analysts anticipate that American Electric Power Company, Inc. will post 5.26 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Thursday, August 10th were given a dividend of $0.83 per share. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $3.32 annualized dividend and a dividend yield of 4.19%. American Electric Power’s dividend payout ratio (DPR) is currently 86.01%.

About American Electric Power

(Free Report)

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.

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September 24, 2023
Sysco Co. (NYSE:SYY) Shares Purchased by AE Wealth Management LLC

AE Wealth Management LLC boosted its holdings in Sysco Co. (NYSE:SYY – Free Report) by 28.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,149 shares of the company’s stock after purchasing an additional 7,302 shares during the quarter. AE Wealth Management LLC’s holdings in Sysco were worth $2,460,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. MRP Capital Investments LLC acquired a new position in Sysco in the first quarter worth $31,000. Sunbelt Securities Inc. acquired a new position in Sysco in the first quarter worth $32,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in Sysco in the first quarter worth $38,000. MayTech Global Investments LLC acquired a new position in Sysco in the fourth quarter worth $38,000. Finally, Barrett & Company Inc. acquired a new position in Sysco in the first quarter worth $41,000. Institutional investors and hedge funds own 80.60% of the company’s stock.

Sysco Price Performance

NYSE SYY opened at $68.63 on Friday. Sysco Co. has a 12 month low of $68.18 and a 12 month high of $87.41. The company has a debt-to-equity ratio of 5.15, a current ratio of 1.24 and a quick ratio of 0.72. The firm has a market capitalization of $34.65 billion, a PE ratio of 19.78, a P/E/G ratio of 1.32 and a beta of 1.11. The company’s 50 day simple moving average is $72.05 and its 200 day simple moving average is $73.45.

Sysco (NYSE:SYY – Get Free Report) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.01. The firm had revenue of $19.73 billion for the quarter, compared to analyst estimates of $19.95 billion. Sysco had a net margin of 2.32% and a return on equity of 133.27%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.15 earnings per share. As a group, equities research analysts forecast that Sysco Co. will post 4.29 EPS for the current fiscal year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 6th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $2.00 annualized dividend and a yield of 2.91%. Sysco’s dividend payout ratio (DPR) is 57.64%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. StockNews.com assumed coverage on Sysco in a research note on Thursday, August 17th. They issued a “strong-buy” rating on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $79.00 target price on shares of Sysco in a research note on Wednesday, August 2nd. Stephens reiterated an “overweight” rating and issued a $90.00 target price on shares of Sysco in a research note on Tuesday, August 1st. Truist Financial cut their target price on Sysco from $88.00 to $87.00 and set a “buy” rating on the stock in a research note on Wednesday, August 2nd. Finally, Barclays raised their target price on Sysco from $85.00 to $86.00 and gave the company an “overweight” rating in a research note on Wednesday, August 2nd. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sysco presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.91.

Get Our Latest Stock Analysis on SYY

Sysco Profile

(Free Report)

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.

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September 23, 2023