Tag: Institutional Investor Holdings

Consolidated Portfolio Review Corp Invests $327,000 in Netflix, Inc. (NASDAQ:NFLX)

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Consolidated Portfolio Review Corp purchased a new stake in Netflix, Inc. (NASDAQ:NFLX – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 484 shares of the Internet television network’s stock, valued at approximately $327,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Valued Wealth Advisors LLC raised its stake in Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares during the period. VitalStone Financial LLC lifted its stake in Netflix by 933.3% in the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 56 shares in the last quarter. Beaird Harris Wealth Management LLC boosted its position in Netflix by 1,550.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 62 shares during the period. Scarborough Advisors LLC purchased a new position in Netflix during the 4th quarter valued at about $32,000. Finally, Indiana Trust & Investment Management CO increased its holdings in shares of Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 28 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on NFLX. Pivotal Research boosted their price objective on shares of Netflix from $800.00 to $900.00 and gave the company a “buy” rating in a research report on Friday. Guggenheim upped their price target on shares of Netflix from $700.00 to $735.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Sanford C. Bernstein lifted their price objective on Netflix from $600.00 to $625.00 and gave the company a “market perform” rating in a research report on Friday, July 19th. Bank of America upped their target price on Netflix from $700.00 to $740.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Finally, Rosenblatt Securities raised their price target on Netflix from $554.00 to $635.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $685.45.

Get Our Latest Analysis on NFLX

Netflix Stock Up 1.3 %

Shares of NFLX opened at $701.35 on Monday. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $711.33. The firm has a market capitalization of $301.00 billion, a P/E ratio of 48.67, a P/E/G ratio of 1.44 and a beta of 1.27. The company has a 50-day simple moving average of $659.34 and a 200-day simple moving average of $631.17. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95.

Netflix (NASDAQ:NFLX – Get Free Report) last announced its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. The company had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the company earned $3.29 EPS. On average, equities research analysts expect that Netflix, Inc. will post 19.08 earnings per share for the current year.

Insider Buying and Selling

In other news, insider David A. Hyman sold 20,656 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $19,128,159.30. The sale was disclosed in a filing with the SEC, which is available at this link. In other Netflix news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 1,278 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total value of $785,254.32. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $8,043,019.60. The disclosure for this sale can be found here. Insiders sold a total of 132,757 shares of company stock valued at $85,648,496 over the last ninety days. 1.76% of the stock is owned by company insiders.

Netflix Profile

(Free Report)

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.

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September 2, 2024
WP Advisors LLC Reduces Holdings in Costco Wholesale Co. (NASDAQ:COST)

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WP Advisors LLC trimmed its holdings in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 4.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,504 shares of the retailer’s stock after selling 72 shares during the period. WP Advisors LLC’s holdings in Costco Wholesale were worth $1,278,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of COST. Vanguard Group Inc. grew its stake in Costco Wholesale by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 40,833,870 shares of the retailer’s stock worth $29,916,118,000 after acquiring an additional 473,702 shares during the period. Norges Bank purchased a new stake in Costco Wholesale in the 4th quarter worth approximately $3,628,694,000. Capital World Investors grew its stake in Costco Wholesale by 8.1% in the 1st quarter. Capital World Investors now owns 3,824,778 shares of the retailer’s stock worth $2,802,147,000 after acquiring an additional 285,533 shares during the period. Fisher Asset Management LLC grew its stake in Costco Wholesale by 3.2% in the 4th quarter. Fisher Asset Management LLC now owns 2,794,480 shares of the retailer’s stock worth $1,844,581,000 after acquiring an additional 85,398 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Costco Wholesale by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,657,994 shares of the retailer’s stock worth $1,754,489,000 after acquiring an additional 77,345 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Performance

Shares of COST stock opened at $892.38 on Friday. Costco Wholesale Co. has a 12 month low of $539.31 and a 12 month high of $918.93. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45. The firm has a market capitalization of $395.62 billion, a P/E ratio of 55.29, a P/E/G ratio of 5.98 and a beta of 0.78. The company’s fifty day moving average price is $854.20 and its two-hundred day moving average price is $794.02.

Costco Wholesale (NASDAQ:COST – Get Free Report) last issued its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.08. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The firm had revenue of $58.52 billion for the quarter, compared to analyst estimates of $58.16 billion. During the same quarter in the previous year, the business posted $3.43 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. On average, research analysts anticipate that Costco Wholesale Co. will post 15.98 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were paid a $1.16 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.52%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.75%.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the sale, the insider now owns 12,492 shares in the company, valued at $10,545,746.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the completion of the sale, the insider now directly owns 12,492 shares in the company, valued at approximately $10,545,746.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kenneth D. Denman sold 350 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the transaction, the director now owns 5,920 shares in the company, valued at $5,041,057.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,974 shares of company stock valued at $4,252,856. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the subject of several recent analyst reports. TD Cowen lifted their target price on shares of Costco Wholesale from $850.00 to $925.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Loop Capital lifted their target price on shares of Costco Wholesale from $940.00 to $970.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Argus boosted their price objective on shares of Costco Wholesale from $805.00 to $900.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Wells Fargo & Company boosted their price objective on shares of Costco Wholesale from $775.00 to $800.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. Finally, Barclays boosted their price objective on shares of Costco Wholesale from $765.00 to $830.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. Eight research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $824.50.

Check Out Our Latest Stock Report on Costco Wholesale

Costco Wholesale Profile

(Free Report)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.

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September 1, 2024
KCM Investment Advisors LLC Lowers Holdings in Visa Inc. (NYSE:V)

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KCM Investment Advisors LLC reduced its stake in shares of Visa Inc. (NYSE:V – Free Report) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 161,617 shares of the credit-card processor’s stock after selling 885 shares during the period. Visa makes up about 1.5% of KCM Investment Advisors LLC’s holdings, making the stock its 15th largest position. KCM Investment Advisors LLC’s holdings in Visa were worth $42,420,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Arjuna Capital boosted its position in shares of Visa by 0.8% during the 2nd quarter. Arjuna Capital now owns 11,851 shares of the credit-card processor’s stock worth $3,111,000 after purchasing an additional 96 shares in the last quarter. Stephens Consulting LLC boosted its position in shares of Visa by 87.6% during the 2nd quarter. Stephens Consulting LLC now owns 454 shares of the credit-card processor’s stock worth $119,000 after purchasing an additional 212 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Visa by 3.6% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,949,178 shares of the credit-card processor’s stock worth $511,601,000 after purchasing an additional 67,246 shares in the last quarter. Golden State Equity Partners purchased a new stake in shares of Visa during the 2nd quarter worth $3,028,000. Finally, Bank OZK boosted its position in shares of Visa by 12.0% during the 2nd quarter. Bank OZK now owns 973 shares of the credit-card processor’s stock worth $255,000 after purchasing an additional 104 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Up 0.7 %

V opened at $276.37 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market capitalization of $505.46 billion, a price-to-earnings ratio of 30.88, a price-to-earnings-growth ratio of 1.89 and a beta of 0.95. The business has a 50-day moving average of $265.67 and a two-hundred day moving average of $273.12. Visa Inc. has a 12 month low of $227.78 and a 12 month high of $290.96.

Visa (NYSE:V – Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, meeting the consensus estimate of $2.42. The company had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.16 EPS. On average, research analysts expect that Visa Inc. will post 9.91 earnings per share for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Friday, August 9th. Visa’s payout ratio is currently 23.24%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Evercore ISI cut their price target on Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Morgan Stanley cut their price target on Visa from $326.00 to $322.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. JPMorgan Chase & Co. lifted their price target on Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. William Blair raised Visa to a “strong-buy” rating in a research note on Tuesday, July 23rd. Finally, Piper Sandler cut their price target on Visa from $322.00 to $319.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $308.50.

Read Our Latest Research Report on Visa

Visa Profile

(Free Report)

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.

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August 31, 2024
Dakota Wealth Management Lowers Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

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Dakota Wealth Management reduced its position in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 1.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 184,172 shares of the information services provider’s stock after selling 1,824 shares during the quarter. Alphabet comprises about 0.8% of Dakota Wealth Management’s holdings, making the stock its 20th biggest holding. Dakota Wealth Management’s holdings in Alphabet were worth $33,781,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Colonial River Wealth Management LLC boosted its holdings in shares of Alphabet by 5.3% in the 2nd quarter. Colonial River Wealth Management LLC now owns 2,126 shares of the information services provider’s stock worth $390,000 after purchasing an additional 107 shares in the last quarter. First Citizens Bank & Trust Co. boosted its holdings in shares of Alphabet by 1.6% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 151,624 shares of the information services provider’s stock valued at $27,811,000 after buying an additional 2,374 shares in the last quarter. China Universal Asset Management Co. Ltd. grew its holdings in Alphabet by 3.6% in the second quarter. China Universal Asset Management Co. Ltd. now owns 20,980 shares of the information services provider’s stock worth $3,848,000 after purchasing an additional 731 shares during the period. Kavar Capital Partners Group LLC increased its position in Alphabet by 4.2% during the 2nd quarter. Kavar Capital Partners Group LLC now owns 6,196 shares of the information services provider’s stock valued at $1,136,000 after buying an additional 250 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of Alphabet by 4.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,863,565 shares of the information services provider’s stock worth $341,815,000 after buying an additional 83,482 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Prabhakar Raghavan sold 3,262 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $183.99, for a total value of $600,175.38. Following the sale, the senior vice president now directly owns 9 shares in the company, valued at $1,655.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $173.86, for a total value of $118,572.52. Following the transaction, the chief accounting officer now directly owns 29,966 shares in the company, valued at approximately $5,209,888.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Prabhakar Raghavan sold 3,262 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $183.99, for a total transaction of $600,175.38. Following the transaction, the senior vice president now directly owns 9 shares of the company’s stock, valued at $1,655.91. The disclosure for this sale can be found here. Over the last quarter, insiders sold 156,565 shares of company stock worth $27,253,193. 12.99% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Wolfe Research upgraded shares of Alphabet to a “strong-buy” rating in a research note on Tuesday, July 16th. Oppenheimer lifted their target price on Alphabet from $205.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. TD Cowen lifted their target price on Alphabet from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, Rosenblatt Securities lowered shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective for the company. in a research report on Friday, June 28th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $182.86.

Check Out Our Latest Report on GOOG

Alphabet Stock Performance

Shares of GOOG stock traded down $1.56 on Wednesday, hitting $167.40. The company had a trading volume of 1,173,380 shares, compared to its average volume of 20,267,342. The company has a 50-day moving average price of $177.02 and a 200-day moving average price of $164.32. The firm has a market cap of $2.07 trillion, a P/E ratio of 25.91, a price-to-earnings-growth ratio of 1.28 and a beta of 1.05. Alphabet Inc. has a twelve month low of $121.46 and a twelve month high of $193.31. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOG – Get Free Report) last posted its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.04. The company had revenue of $84.74 billion during the quarter, compared to analysts’ expectations of $84.22 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.44 earnings per share. As a group, equities research analysts predict that Alphabet Inc. will post 7.62 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 9th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. Alphabet’s payout ratio is currently 12.27%.

Alphabet Profile

(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, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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August 21, 2024
Colonial River Wealth Management LLC Grows Stock Position in Alphabet Inc. (NASDAQ:GOOG)

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Colonial River Wealth Management LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 5.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,126 shares of the information services provider’s stock after acquiring an additional 107 shares during the period. Colonial River Wealth Management LLC’s holdings in Alphabet were worth $390,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of GOOG. Partnership Wealth Management LLC acquired a new position in shares of Alphabet in the fourth quarter valued at about $26,000. DiNuzzo Private Wealth Inc. acquired a new position in Alphabet in the 4th quarter worth approximately $32,000. Pacific Capital Wealth Advisors Inc. purchased a new position in Alphabet during the 4th quarter worth approximately $34,000. Richardson Financial Services Inc. acquired a new stake in Alphabet during the 4th quarter valued at approximately $34,000. Finally, Hoese & Co LLP boosted its holdings in shares of Alphabet by 62.5% in the 2nd quarter. Hoese & Co LLP now owns 260 shares of the information services provider’s stock valued at $45,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Price Performance

Shares of GOOG stock traded down $1.56 during trading hours on Wednesday, hitting $167.40. 1,173,380 shares of the company’s stock were exchanged, compared to its average volume of 20,267,342. Alphabet Inc. has a fifty-two week low of $121.46 and a fifty-two week high of $193.31. The firm has a market cap of $2.07 trillion, a P/E ratio of 25.91, a P/E/G ratio of 1.28 and a beta of 1.05. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average of $177.02 and a two-hundred day moving average of $164.32.

Alphabet (NASDAQ:GOOG – Get Free Report) last posted its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. The company had revenue of $84.74 billion during the quarter, compared to analysts’ expectations of $84.22 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.44 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 7.62 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 9th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. Alphabet’s payout ratio is currently 12.27%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wolfe Research upgraded shares of Alphabet to a “strong-buy” rating in a research report on Tuesday, July 16th. Oppenheimer upped their target price on Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. TD Cowen lifted their price target on Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, Rosenblatt Securities lowered Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective on the stock. in a research report on Friday, June 28th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of “Buy” and an average price target of $182.86.

Get Our Latest Analysis on GOOG

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $173.86, for a total value of $118,572.52. Following the completion of the transaction, the chief accounting officer now directly owns 29,966 shares of the company’s stock, valued at approximately $5,209,888.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $173.86, for a total value of $118,572.52. Following the completion of the sale, the chief accounting officer now owns 29,966 shares in the company, valued at approximately $5,209,888.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $176.58, for a total value of $3,973,050.00. Following the transaction, the chief executive officer now owns 2,235,511 shares in the company, valued at $394,746,532.38. The disclosure for this sale can be found here. Insiders have sold 156,565 shares of company stock valued at $27,253,193 over the last ninety days. Insiders own 12.99% of the company’s stock.

About Alphabet

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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, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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August 21, 2024
Ninety One SA PTY Ltd Lowers Holdings in Exxon Mobil Co. (NYSE:XOM)

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Ninety One SA PTY Ltd reduced its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 68.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,751 shares of the oil and gas company’s stock after selling 197,813 shares during the quarter. Exxon Mobil comprises about 1.6% of Ninety One SA PTY Ltd’s portfolio, making the stock its 21st biggest position. Ninety One SA PTY Ltd’s holdings in Exxon Mobil were worth $10,368,000 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 the company. International Assets Investment Management LLC boosted its holdings in shares of Exxon Mobil by 3.2% in the 4th quarter. International Assets Investment Management LLC now owns 49,187 shares of the oil and gas company’s stock valued at $4,918,000 after buying an additional 1,539 shares in the last quarter. Tennessee Valley Asset Management Partners grew its holdings in Exxon Mobil by 4.3% in the fourth quarter. Tennessee Valley Asset Management Partners now owns 5,611 shares of the oil and gas company’s stock worth $561,000 after purchasing an additional 232 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp lifted its holdings in shares of Exxon Mobil by 1,010.7% during the 4th quarter. Obermeyer Wood Investment Counsel Lllp now owns 152,324 shares of the oil and gas company’s stock valued at $15,229,000 after purchasing an additional 138,610 shares during the last quarter. Fidelis Capital Partners LLC boosted its position in shares of Exxon Mobil by 16.4% in the 4th quarter. Fidelis Capital Partners LLC now owns 44,603 shares of the oil and gas company’s stock worth $4,459,000 after purchasing an additional 6,282 shares in the last quarter. Finally, Fonville Wealth Management LLC purchased a new position in Exxon Mobil during the 4th quarter worth $385,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded up $0.31 during trading hours on Wednesday, reaching $114.89. 616,764 shares of the company’s stock were exchanged, compared to its average volume of 17,077,803. The business has a fifty day moving average of $114.85 and a two-hundred day moving average of $113.67. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $453.01 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75.

Exxon Mobil (NYSE:XOM – Get Free Report) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter in the prior year, the firm earned $1.94 EPS. Exxon Mobil’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, research analysts predict that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.95 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.31%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Analysts Set New Price Targets

Several equities analysts recently commented on XOM shares. Truist Financial decreased their price objective on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Morgan Stanley reiterated an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 15th. HSBC raised their price target on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. UBS Group upped their price objective on shares of Exxon Mobil from $156.00 to $157.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Mizuho upped their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.56.

View Our Latest Analysis on XOM

Exxon Mobil Company Profile

(Free Report)

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

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August 21, 2024
Exxon Mobil Co. (NYSE:XOM) Shares Sold by Ninety One UK Ltd

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Ninety One UK Ltd lessened its stake in Exxon Mobil Co. (NYSE:XOM – Free Report) by 29.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,790,567 shares of the oil and gas company’s stock after selling 1,176,041 shares during the quarter. Ninety One UK Ltd’s holdings in Exxon Mobil were worth $321,250,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Carmel Capital Partners LLC increased its holdings in shares of Exxon Mobil by 1.0% during the 1st quarter. Carmel Capital Partners LLC now owns 8,796 shares of the oil and gas company’s stock worth $1,022,000 after purchasing an additional 86 shares during the period. PFS Partners LLC raised its position in Exxon Mobil by 0.5% in the first quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company’s stock worth $2,190,000 after purchasing an additional 89 shares in the last quarter. Bay Rivers Group grew its stake in shares of Exxon Mobil by 2.5% in the 1st quarter. Bay Rivers Group now owns 3,747 shares of the oil and gas company’s stock valued at $436,000 after purchasing an additional 90 shares during the period. WPWealth LLP grew its position in Exxon Mobil by 1.0% in the first quarter. WPWealth LLP now owns 8,701 shares of the oil and gas company’s stock valued at $1,011,000 after acquiring an additional 90 shares during the period. Finally, Gilbert & Cook Inc. lifted its holdings in shares of Exxon Mobil by 0.4% during the first quarter. Gilbert & Cook Inc. now owns 25,564 shares of the oil and gas company’s stock valued at $2,972,000 after acquiring an additional 91 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a report on Wednesday, May 15th. Wells Fargo & Company dropped their target price on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. HSBC lifted their target price on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Mizuho lifted their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a report on Tuesday, July 9th. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $134.56.

Read Our Latest Stock Report on XOM

Exxon Mobil Stock Up 0.3 %

Shares of Exxon Mobil stock traded up $0.31 during trading on Wednesday, reaching $114.89. The stock had a trading volume of 616,764 shares, compared to its average volume of 17,077,803. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $453.01 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 4.51 and a beta of 0.91. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The stock has a fifty day moving average price of $114.85 and a two-hundred day moving average price of $113.67.

Exxon Mobil (NYSE:XOM – Get Free Report) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.94 EPS. Sell-side analysts predict that Exxon Mobil Co. will post 8.65 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.31%. The ex-dividend date is Thursday, August 15th. Exxon Mobil’s payout ratio is 46.57%.

Exxon Mobil Profile

(Free Report)

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

Further Reading

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August 21, 2024
Dakota Wealth Management Has $25.60 Million Position in Exxon Mobil Co. (NYSE:XOM)

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Dakota Wealth Management raised its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 5.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 222,342 shares of the oil and gas company’s stock after buying an additional 12,002 shares during the quarter. Exxon Mobil accounts for approximately 0.6% of Dakota Wealth Management’s holdings, making the stock its 29th biggest holding. Dakota Wealth Management’s holdings in Exxon Mobil were worth $25,596,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC grew its position in Exxon Mobil by 3.2% in the fourth quarter. International Assets Investment Management LLC now owns 49,187 shares of the oil and gas company’s stock valued at $4,918,000 after acquiring an additional 1,539 shares during the period. Tennessee Valley Asset Management Partners boosted its stake in shares of Exxon Mobil by 4.3% in the 4th quarter. Tennessee Valley Asset Management Partners now owns 5,611 shares of the oil and gas company’s stock valued at $561,000 after purchasing an additional 232 shares in the last quarter. Obermeyer Wood Investment Counsel Lllp grew its holdings in shares of Exxon Mobil by 1,010.7% in the 4th quarter. Obermeyer Wood Investment Counsel Lllp now owns 152,324 shares of the oil and gas company’s stock worth $15,229,000 after purchasing an additional 138,610 shares during the last quarter. Fidelis Capital Partners LLC increased its position in shares of Exxon Mobil by 16.4% during the 4th quarter. Fidelis Capital Partners LLC now owns 44,603 shares of the oil and gas company’s stock worth $4,459,000 after purchasing an additional 6,282 shares in the last quarter. Finally, Fonville Wealth Management LLC acquired a new position in Exxon Mobil in the fourth quarter valued at about $385,000. 61.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

XOM has been the subject of several recent analyst reports. Sanford C. Bernstein dropped their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. HSBC boosted their price objective on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. TD Cowen raised their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Finally, Wells Fargo & Company reduced their price objective on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $134.56.

Check Out Our Latest Research Report on XOM

Exxon Mobil Trading Up 0.3 %

Shares of NYSE XOM traded up $0.31 during midday trading on Wednesday, reaching $114.89. 616,764 shares of the stock were exchanged, compared to its average volume of 17,077,803. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a market capitalization of $453.01 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 4.51 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The business has a 50-day simple moving average of $114.85 and a two-hundred day simple moving average of $113.67.

Exxon Mobil (NYSE:XOM – Get Free Report) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same period in the prior year, the company earned $1.94 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities research analysts expect that Exxon Mobil Co. will post 8.65 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Thursday, August 15th. Exxon Mobil’s dividend payout ratio is 46.57%.

Exxon Mobil Profile

(Free Report)

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

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August 21, 2024
Meta Platforms, Inc. (NASDAQ:META) Stake Lifted by Colonial River Wealth Management LLC

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Colonial River Wealth Management LLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 8.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 6,254 shares of the social networking company’s stock after buying an additional 477 shares during the quarter. Meta Platforms accounts for 1.7% of Colonial River Wealth Management LLC’s investment portfolio, making the stock its 11th biggest holding. Colonial River Wealth Management LLC’s holdings in Meta Platforms were worth $3,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Delos Wealth Advisors LLC grew its stake in shares of Meta Platforms by 527.3% in the 1st quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking company’s stock worth $34,000 after purchasing an additional 58 shares during the last quarter. Ruedi Wealth Management Inc. raised its position in shares of Meta Platforms by 122.2% during the second quarter. Ruedi Wealth Management Inc. now owns 80 shares of the social networking company’s stock worth $40,000 after purchasing an additional 44 shares during the period. Richardson Financial Services Inc. lifted its holdings in shares of Meta Platforms by 95.6% during the first quarter. Richardson Financial Services Inc. now owns 88 shares of the social networking company’s stock valued at $41,000 after purchasing an additional 43 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Meta Platforms in the 4th quarter valued at $32,000. Finally, Kathleen S. Wright Associates Inc. acquired a new position in shares of Meta Platforms in the first quarter worth about $44,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on META shares. Canaccord Genuity Group dropped their target price on Meta Platforms from $610.00 to $575.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Jefferies Financial Group increased their target price on shares of Meta Platforms from $565.00 to $600.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. BNP Paribas initiated coverage on shares of Meta Platforms in a research note on Thursday, May 2nd. They set an “underperform” rating and a $360.00 target price for the company. Tigress Financial upped their price target on shares of Meta Platforms from $575.00 to $645.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 16th. Finally, Susquehanna lifted their price objective on Meta Platforms from $550.00 to $600.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $574.41.

Check Out Our Latest Research Report on META

Meta Platforms Price Performance

Shares of Meta Platforms stock traded up $2.85 during midday trading on Wednesday, hitting $529.58. 826,787 shares of the company were exchanged, compared to its average volume of 16,176,936. The firm has a 50 day simple moving average of $501.40 and a 200-day simple moving average of $489.81. Meta Platforms, Inc. has a 52 week low of $276.03 and a 52 week high of $542.81. The firm has a market cap of $1.34 trillion, a P/E ratio of 30.25, a PEG ratio of 1.27 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.83 and a quick ratio of 2.68.

Meta Platforms (NASDAQ:META – Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The social networking company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.70 by $0.46. Meta Platforms had a return on equity of 34.16% and a net margin of 34.34%. The company had revenue of $39.07 billion during the quarter, compared to analysts’ expectations of $38.26 billion. During the same period last year, the business earned $3.23 earnings per share. The business’s revenue was up 22.1% on a year-over-year basis. Research analysts forecast that Meta Platforms, Inc. will post 20.5 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a yield of 0.38%. Meta Platforms’s dividend payout ratio (DPR) is presently 11.49%.

Insider Activity

In related news, insider Jennifer Newstead sold 905 shares of the firm’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $533.95, for a total transaction of $483,224.75. Following the completion of the sale, the insider now directly owns 36,940 shares of the company’s stock, valued at approximately $19,724,113. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Meta Platforms news, CFO Susan J. Li sold 8,950 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $526.76, for a total value of $4,714,502.00. Following the transaction, the chief financial officer now directly owns 74,579 shares in the company, valued at approximately $39,285,234.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $533.95, for a total transaction of $483,224.75. Following the sale, the insider now owns 36,940 shares of the company’s stock, valued at approximately $19,724,113. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 384,783 shares of company stock worth $194,001,589. Insiders own 13.71% of the company’s stock.

Meta Platforms Company Profile

(Free Report)

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.

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August 21, 2024
Harel Insurance Investments & Financial Services Ltd. Sells 1,551 Shares of Meta Platforms, Inc. (NASDAQ:META)

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Harel Insurance Investments & Financial Services Ltd. lessened its stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 6.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,438 shares of the social networking company’s stock after selling 1,551 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Meta Platforms were worth $12,004,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in META. Dakota Wealth Management lifted its holdings in shares of Meta Platforms by 8.0% in the second quarter. Dakota Wealth Management now owns 95,713 shares of the social networking company’s stock valued at $48,260,000 after purchasing an additional 7,120 shares in the last quarter. Colonial River Wealth Management LLC raised its position in Meta Platforms by 8.3% in the 2nd quarter. Colonial River Wealth Management LLC now owns 6,254 shares of the social networking company’s stock valued at $3,153,000 after buying an additional 477 shares during the last quarter. Neo Ivy Capital Management bought a new stake in Meta Platforms in the 2nd quarter valued at approximately $6,024,000. First Citizens Bank & Trust Co. lifted its stake in Meta Platforms by 0.9% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 54,635 shares of the social networking company’s stock valued at $27,548,000 after acquiring an additional 486 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. boosted its position in Meta Platforms by 5.1% during the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 51,685 shares of the social networking company’s stock worth $26,061,000 after acquiring an additional 2,494 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on META shares. Sanford C. Bernstein lifted their price objective on shares of Meta Platforms from $565.00 to $575.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Wolfe Research initiated coverage on shares of Meta Platforms in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $620.00 price target on the stock. JMP Securities reissued a “market outperform” rating and set a $525.00 price target on shares of Meta Platforms in a research report on Tuesday, July 30th. Stifel Nicolaus raised their price objective on Meta Platforms from $550.00 to $590.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Evercore ISI lifted their target price on Meta Platforms from $550.00 to $600.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average target price of $574.41.

Get Our Latest Stock Analysis on Meta Platforms

Insiders Place Their Bets

In other news, insider Jennifer Newstead sold 901 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $451.15, for a total value of $406,486.15. Following the sale, the insider now directly owns 33,324 shares in the company, valued at approximately $15,034,122.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Meta Platforms news, insider Jennifer Newstead sold 901 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $451.15, for a total value of $406,486.15. Following the completion of the transaction, the insider now directly owns 33,324 shares in the company, valued at $15,034,122.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Javier Olivan sold 412 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $463.00, for a total transaction of $190,756.00. Following the transaction, the chief operating officer now directly owns 5,559 shares of the company’s stock, valued at approximately $2,573,817. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 384,783 shares of company stock valued at $194,001,589. 13.71% of the stock is currently owned by corporate insiders.

Meta Platforms Price Performance

NASDAQ:META traded up $2.85 during mid-day trading on Wednesday, reaching $529.58. The stock had a trading volume of 826,787 shares, compared to its average volume of 16,176,936. Meta Platforms, Inc. has a 12 month low of $276.03 and a 12 month high of $542.81. The stock has a market capitalization of $1.34 trillion, a PE ratio of 30.25, a P/E/G ratio of 1.27 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.83 and a quick ratio of 2.68. The stock has a 50-day simple moving average of $501.40 and a two-hundred day simple moving average of $489.81.

Meta Platforms (NASDAQ:META – Get Free Report) last issued its earnings results on Wednesday, July 31st. The social networking company reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.70 by $0.46. Meta Platforms had a return on equity of 34.16% and a net margin of 34.34%. The firm had revenue of $39.07 billion for the quarter, compared to the consensus estimate of $38.26 billion. During the same quarter last year, the business posted $3.23 EPS. The company’s revenue was up 22.1% compared to the same quarter last year. On average, equities analysts anticipate that Meta Platforms, Inc. will post 20.5 earnings per share for the current year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date was Friday, June 14th. Meta Platforms’s dividend payout ratio is presently 11.49%.

About Meta Platforms

(Free Report)

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.

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August 21, 2024
Parsons Capital Management Inc. RI Has $914,000 Stock Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

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Parsons Capital Management Inc. RI lifted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 4.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,695 shares of the network technology company’s stock after buying an additional 116 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Palo Alto Networks were worth $914,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of PANW. Western Wealth Management LLC grew its position in shares of Palo Alto Networks by 21.5% during the 4th quarter. Western Wealth Management LLC now owns 3,082 shares of the network technology company’s stock worth $909,000 after purchasing an additional 545 shares in the last quarter. HTLF Bank acquired a new position in Palo Alto Networks in the 4th quarter valued at $444,000. Knights of Columbus Asset Advisors LLC lifted its position in shares of Palo Alto Networks by 1.5% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 10,597 shares of the network technology company’s stock valued at $3,125,000 after acquiring an additional 153 shares during the period. Resonant Capital Advisors LLC grew its holdings in shares of Palo Alto Networks by 52.2% during the 4th quarter. Resonant Capital Advisors LLC now owns 6,311 shares of the network technology company’s stock worth $1,861,000 after purchasing an additional 2,165 shares in the last quarter. Finally, John G Ullman & Associates Inc. increased its position in shares of Palo Alto Networks by 4.0% in the fourth quarter. John G Ullman & Associates Inc. now owns 1,078 shares of the network technology company’s stock worth $318,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.

Palo Alto Networks Stock Performance

NASDAQ:PANW opened at $365.70 on Tuesday. Palo Alto Networks, Inc. has a 52 week low of $224.64 and a 52 week high of $380.84. The firm has a 50-day moving average price of $327.00 and a two-hundred day moving average price of $310.68. The firm has a market cap of $118.41 billion, a price-to-earnings ratio of 52.94, a price-to-earnings-growth ratio of 4.48 and a beta of 1.14.

Palo Alto Networks (NASDAQ:PANW – Get Free Report) last issued its quarterly earnings results on Monday, August 19th. The network technology company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.10. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.16 billion. Palo Alto Networks had a return on equity of 32.74% and a net margin of 31.42%. Palo Alto Networks’s revenue was up 12.1% on a year-over-year basis. During the same period last year, the business posted $0.80 earnings per share. As a group, sell-side analysts forecast that Palo Alto Networks, Inc. will post 2.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Needham & Company LLC increased their price objective on shares of Palo Alto Networks from $345.00 to $385.00 and gave the stock a “buy” rating in a research note on Tuesday. Cantor Fitzgerald reissued an “overweight” rating and issued a $350.00 price objective on shares of Palo Alto Networks in a research note on Monday. BMO Capital Markets upped their target price on Palo Alto Networks from $334.00 to $390.00 and gave the stock an “outperform” rating in a research note on Tuesday. Macquarie lifted their price target on Palo Alto Networks from $270.00 to $285.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Finally, Wedbush reissued an “outperform” rating and set a $375.00 price target on shares of Palo Alto Networks in a report on Friday. Thirteen research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $350.78.

View Our Latest Report on Palo Alto Networks

Insider Activity

In related news, President William D. Jenkins, Jr. sold 1,621 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $306.92, for a total value of $497,517.32. Following the transaction, the president now directly owns 20,501 shares of the company’s stock, valued at approximately $6,292,166.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, President William D. Jenkins, Jr. sold 1,621 shares of Palo Alto Networks stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $306.92, for a total value of $497,517.32. Following the sale, the president now owns 20,501 shares of the company’s stock, valued at approximately $6,292,166.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Aparna Bawa sold 322 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $310.00, for a total value of $99,820.00. Following the transaction, the director now directly owns 3,767 shares of the company’s stock, valued at $1,167,770. The disclosure for this sale can be found here. Insiders sold a total of 367,315 shares of company stock valued at $118,696,590 in the last ninety days. 3.30% of the stock is currently owned by insiders.

Palo Alto Networks Profile

(Free Report)

Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.

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August 20, 2024
Raymond James & Associates Sells 33,613 Shares of iShares Core MSCI Europe ETF (NYSEARCA:IEUR)

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Raymond James & Associates cut its stake in iShares Core MSCI Europe ETF (NYSEARCA:IEUR – Free Report) by 4.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 803,442 shares of the company’s stock after selling 33,613 shares during the period. Raymond James & Associates owned 0.96% of iShares Core MSCI Europe ETF worth $45,756,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC lifted its holdings in iShares Core MSCI Europe ETF by 29.8% in the fourth quarter. CWM LLC now owns 307,605 shares of the company’s stock valued at $16,924,000 after buying an additional 70,645 shares during the period. Element Wealth LLC grew its stake in shares of iShares Core MSCI Europe ETF by 1.0% in the 4th quarter. Element Wealth LLC now owns 21,810 shares of the company’s stock valued at $1,200,000 after buying an additional 212 shares during the period. Syon Capital LLC increased its position in iShares Core MSCI Europe ETF by 460.5% in the 4th quarter. Syon Capital LLC now owns 40,310 shares of the company’s stock valued at $2,218,000 after buying an additional 33,118 shares in the last quarter. Truist Financial Corp raised its stake in iShares Core MSCI Europe ETF by 26.9% during the 4th quarter. Truist Financial Corp now owns 744,516 shares of the company’s stock worth $40,963,000 after buying an additional 157,746 shares during the period. Finally, Citizens Financial Group Inc. RI bought a new position in iShares Core MSCI Europe ETF in the fourth quarter worth approximately $205,000.

iShares Core MSCI Europe ETF Stock Performance

Shares of iShares Core MSCI Europe ETF stock opened at $58.70 on Monday. iShares Core MSCI Europe ETF has a 52 week low of $47.10 and a 52 week high of $60.61. The stock has a 50 day moving average price of $57.65 and a two-hundred day moving average price of $57.37. The stock has a market capitalization of $4.91 billion, a PE ratio of 15.22 and a beta of 0.85.

iShares Core MSCI Europe ETF Profile

(Free Report)

The iShares Core MSCI Europe ETF (IEUR) is an exchange-traded fund that is based on the MSCI Europe IMI index, a market-cap-weighted index of developed European securities. IEUR was launched on Jun 10, 2014 and is managed by BlackRock.

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August 19, 2024
Insight Wealth Partners LLC Has $516,000 Holdings in Meta Platforms, Inc. (NASDAQ:META)

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Insight Wealth Partners LLC lifted its stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 38.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,023 shares of the social networking company’s stock after acquiring an additional 286 shares during the period. Insight Wealth Partners LLC’s holdings in Meta Platforms were worth $516,000 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 the stock. Brookstone Capital Management grew its holdings in shares of Meta Platforms by 33.8% during the 2nd quarter. Brookstone Capital Management now owns 40,974 shares of the social networking company’s stock worth $18,930,000 after purchasing an additional 10,341 shares in the last quarter. Rovin Capital UT ADV lifted its position in Meta Platforms by 48.8% in the second quarter. Rovin Capital UT ADV now owns 674 shares of the social networking company’s stock worth $340,000 after purchasing an additional 221 shares during the period. Stanley Laman Group Ltd. boosted its stake in Meta Platforms by 26.5% during the second quarter. Stanley Laman Group Ltd. now owns 1,678 shares of the social networking company’s stock worth $846,000 after buying an additional 352 shares in the last quarter. Blue Trust Inc. increased its holdings in Meta Platforms by 96.4% in the 2nd quarter. Blue Trust Inc. now owns 13,014 shares of the social networking company’s stock valued at $6,319,000 after buying an additional 6,388 shares during the period. Finally, Rappaport Reiches Capital Management LLC raised its stake in shares of Meta Platforms by 24.1% in the 2nd quarter. Rappaport Reiches Capital Management LLC now owns 3,203 shares of the social networking company’s stock valued at $1,615,000 after buying an additional 623 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Price Performance

META opened at $527.42 on Friday. The company has a fifty day moving average price of $500.48 and a two-hundred day moving average price of $487.81. The firm has a market capitalization of $1.34 trillion, a PE ratio of 30.29, a P/E/G ratio of 1.27 and a beta of 1.21. Meta Platforms, Inc. has a 52 week low of $274.38 and a 52 week high of $542.81. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.83.

Meta Platforms (NASDAQ:META – Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The social networking company reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.70 by $0.46. Meta Platforms had a return on equity of 34.16% and a net margin of 34.34%. The business had revenue of $39.07 billion during the quarter, compared to analysts’ expectations of $38.26 billion. During the same period in the previous year, the firm earned $3.23 earnings per share. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. As a group, analysts anticipate that Meta Platforms, Inc. will post 20.5 earnings per share for the current year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Friday, June 14th were given a $0.50 dividend. The ex-dividend date was Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.38%. Meta Platforms’s dividend payout ratio is 11.49%.

Insider Buying and Selling

In other Meta Platforms news, insider Jennifer Newstead sold 905 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $467.57, for a total value of $423,150.85. Following the sale, the insider now directly owns 43,275 shares in the company, valued at $20,234,091.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Meta Platforms news, insider Jennifer Newstead sold 905 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $467.57, for a total value of $423,150.85. Following the completion of the sale, the insider now directly owns 43,275 shares in the company, valued at $20,234,091.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 2,011 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $500.92, for a total value of $1,007,350.12. Following the sale, the chief executive officer now directly owns 318,932 shares in the company, valued at approximately $159,759,417.44. The disclosure for this sale can be found here. Insiders have sold 349,174 shares of company stock valued at $175,146,777 in the last 90 days. 13.71% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on META shares. BMO Capital Markets reiterated a “market perform” rating and set a $450.00 target price on shares of Meta Platforms in a research report on Wednesday, June 12th. Barclays upped their price objective on Meta Platforms from $520.00 to $550.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. TD Cowen raised their target price on Meta Platforms from $530.00 to $600.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Roth Mkm boosted their price target on Meta Platforms from $510.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Piper Sandler increased their price objective on Meta Platforms from $545.00 to $575.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $574.41.

Read Our Latest Stock Report on Meta Platforms

About Meta Platforms

(Free Report)

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.

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August 18, 2024
Swedbank AB Reduces Stake in Starbucks Co. (NASDAQ:SBUX)

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Swedbank AB reduced its position in Starbucks Co. (NASDAQ:SBUX – Free Report) by 3.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 549,996 shares of the coffee company’s stock after selling 20,215 shares during the period. Swedbank AB’s holdings in Starbucks were worth $42,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Lorne Steinberg Wealth Management Inc. boosted its stake in shares of Starbucks by 1.4% in the 2nd quarter. Lorne Steinberg Wealth Management Inc. now owns 46,155 shares of the coffee company’s stock worth $3,593,000 after buying an additional 635 shares during the last quarter. ERn Financial LLC boosted its stake in shares of Starbucks by 7.1% in the 2nd quarter. ERn Financial LLC now owns 4,836 shares of the coffee company’s stock worth $376,000 after buying an additional 322 shares during the last quarter. Westside Investment Management Inc. lifted its position in Starbucks by 3.3% during the second quarter. Westside Investment Management Inc. now owns 13,220 shares of the coffee company’s stock valued at $1,039,000 after purchasing an additional 422 shares in the last quarter. Brown Lisle Cummings Inc. lifted its position in Starbucks by 1.8% during the second quarter. Brown Lisle Cummings Inc. now owns 8,302 shares of the coffee company’s stock valued at $646,000 after purchasing an additional 150 shares in the last quarter. Finally, Manchester Financial Inc. lifted its position in Starbucks by 5.3% during the second quarter. Manchester Financial Inc. now owns 27,482 shares of the coffee company’s stock valued at $2,139,000 after purchasing an additional 1,392 shares in the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. DZ Bank downgraded Starbucks from a “buy” rating to a “hold” rating and set a $75.00 price objective on the stock. in a research report on Friday, May 3rd. Evercore ISI upgraded Starbucks from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $80.00 to $120.00 in a research report on Wednesday. Baird R W upgraded Starbucks from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Piper Sandler upgraded Starbucks from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $85.00 to $103.00 in a research report on Tuesday. Finally, JPMorgan Chase & Co. decreased their target price on Starbucks from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Twelve research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $98.79.

Check Out Our Latest Stock Report on SBUX

Insider Activity

In related news, CEO Rachel Ruggeri sold 3,290 shares of Starbucks stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $91.16, for a total value of $299,916.40. Following the sale, the chief executive officer now directly owns 62,502 shares in the company, valued at approximately $5,697,682.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Rachel Ruggeri sold 3,290 shares of Starbucks stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $91.16, for a total value of $299,916.40. Following the sale, the chief executive officer now directly owns 62,502 shares in the company, valued at approximately $5,697,682.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $80.00, for a total value of $260,000.00. Following the completion of the sale, the chief executive officer now owns 78,304 shares in the company, valued at $6,264,320. The disclosure for this sale can be found here. Insiders have sold 10,540 shares of company stock worth $879,291 in the last ninety days. Company insiders own 1.98% of the company’s stock.

Starbucks Stock Performance

NASDAQ SBUX opened at $94.81 on Friday. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $107.66. The firm has a market capitalization of $107.44 billion, a P/E ratio of 26.12, a PEG ratio of 1.80 and a beta of 0.94. The stock has a 50-day simple moving average of $78.23 and a two-hundred day simple moving average of $84.00.

Starbucks (NASDAQ:SBUX – Get Free Report) last posted its earnings results on Tuesday, July 30th. The coffee company reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates of $0.93. Starbucks had a negative return on equity of 49.38% and a net margin of 11.16%. The firm had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same period last year, the firm earned $1.00 EPS. The company’s quarterly revenue was down .6% on a year-over-year basis. As a group, analysts forecast that Starbucks Co. will post 3.55 earnings per share for the current year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, August 16th. Starbucks’s dividend payout ratio (DPR) is presently 62.81%.

About Starbucks

(Free Report)

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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August 17, 2024
Tidal Investments LLC Increases Position in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

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Tidal Investments LLC raised its holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS – Free Report) by 9.4% during the first quarter, Holdings Channel reports. The institutional investor owned 1,048 shares of the closed-end fund’s stock after buying an additional 90 shares during the period. Tidal Investments LLC’s holdings in Virtus Investment Partners were worth $260,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Signaturefd LLC grew its position in shares of Virtus Investment Partners by 29.2% in the 4th quarter. Signaturefd LLC now owns 221 shares of the closed-end fund’s stock valued at $53,000 after buying an additional 50 shares during the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of Virtus Investment Partners by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 5,911 shares of the closed-end fund’s stock valued at $1,466,000 after purchasing an additional 76 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Virtus Investment Partners by 6.3% in the 1st quarter. ProShare Advisors LLC now owns 1,377 shares of the closed-end fund’s stock valued at $341,000 after purchasing an additional 81 shares during the period. Bessemer Group Inc. purchased a new position in Virtus Investment Partners during the 1st quarter worth approximately $57,000. Finally, EntryPoint Capital LLC increased its position in Virtus Investment Partners by 625.6% during the first quarter. EntryPoint Capital LLC now owns 312 shares of the closed-end fund’s stock worth $77,000 after buying an additional 269 shares during the period. Hedge funds and other institutional investors own 80.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Morgan Stanley lowered their target price on shares of Virtus Investment Partners from $213.00 to $208.00 and set an “underweight” rating on the stock in a research report on Monday, July 29th. TD Cowen dropped their price objective on shares of Virtus Investment Partners from $250.00 to $247.00 and set a “hold” rating on the stock in a research note on Monday, July 8th. Finally, Piper Sandler decreased their target price on shares of Virtus Investment Partners from $267.00 to $264.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th.

View Our Latest Stock Analysis on VRTS

Insider Transactions at Virtus Investment Partners

In other Virtus Investment Partners news, EVP Barry M. Mandinach sold 7,886 shares of Virtus Investment Partners stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $234.00, for a total value of $1,845,324.00. Following the sale, the executive vice president now owns 12,418 shares of the company’s stock, valued at approximately $2,905,812. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.10% of the company’s stock.

Virtus Investment Partners Price Performance

Shares of NASDAQ VRTS opened at $197.49 on Friday. The company has a market cap of $1.41 billion, a PE ratio of 11.90 and a beta of 1.46. The stock has a fifty day moving average price of $223.19 and a 200 day moving average price of $230.35. Virtus Investment Partners, Inc. has a 1-year low of $168.78 and a 1-year high of $263.39.

Virtus Investment Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be issued a $1.90 dividend. This represents a $7.60 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend is Wednesday, July 31st. Virtus Investment Partners’s payout ratio is 45.78%.

Virtus Investment Partners Company Profile

(Free Report)

Virtus Investment Partners, Inc is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients. It launches separate client focused equity and fixed income portfolios. The firm launches equity, fixed income, and balanced mutual funds for its clients.

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August 11, 2024
The Sherwin-Williams Company (NYSE:SHW) Position Increased by Valeo Financial Advisors LLC

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Valeo Financial Advisors LLC increased its position in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 7.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,636 shares of the specialty chemicals company’s stock after acquiring an additional 193 shares during the period. Valeo Financial Advisors LLC’s holdings in Sherwin-Williams were worth $787,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of SHW. Norges Bank purchased a new stake in shares of Sherwin-Williams during the fourth quarter worth $1,176,356,000. Capital World Investors raised its holdings in Sherwin-Williams by 38.9% during the fourth quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock valued at $1,197,952,000 after buying an additional 1,075,351 shares in the last quarter. Public Employees Retirement Association of Colorado raised its holdings in Sherwin-Williams by 8,986.8% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 534,121 shares of the specialty chemicals company’s stock valued at $166,592,000 after buying an additional 528,243 shares in the last quarter. Capital International Investors raised its holdings in Sherwin-Williams by 17.9% during the fourth quarter. Capital International Investors now owns 2,082,971 shares of the specialty chemicals company’s stock valued at $649,706,000 after buying an additional 316,180 shares in the last quarter. Finally, PineStone Asset Management Inc. raised its holdings in Sherwin-Williams by 29.7% during the fourth quarter. PineStone Asset Management Inc. now owns 1,195,311 shares of the specialty chemicals company’s stock valued at $372,818,000 after buying an additional 273,539 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $342.71 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17. The firm has a 50 day moving average of $314.82 and a 200-day moving average of $317.58. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $356.69. The stock has a market capitalization of $86.89 billion, a P/E ratio of 36.54, a price-to-earnings-growth ratio of 2.74 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW – Get Free Report) last posted its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same quarter in the previous year, the company posted $3.29 EPS. Sherwin-Williams’s revenue was up .5% on a year-over-year basis. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 11.44 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Friday, August 16th. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. UBS Group cut their target price on Sherwin-Williams from $385.00 to $355.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Royal Bank of Canada raised their target price on Sherwin-Williams from $370.00 to $418.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Redburn Atlantic upgraded Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. Citigroup lowered their price target on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Finally, Loop Capital lowered their price target on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $355.00.

Get Our Latest Stock Report on SHW

Sherwin-Williams Company Profile

(Free Report)

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.

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August 9, 2024
Alphabet Inc. (NASDAQ:GOOGL) Position Increased by London & Capital Asset Management Ltd

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London & Capital Asset Management Ltd increased its stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 27.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,836 shares of the information services provider’s stock after purchasing an additional 9,392 shares during the period. London & Capital Asset Management Ltd’s holdings in Alphabet were worth $6,616,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in GOOGL. Vermillion & White Wealth Management Group LLC bought a new stake in Alphabet during the 4th quarter valued at $30,000. Tributary Capital Management LLC bought a new stake in Alphabet during the 1st quarter valued at $30,000. DiNuzzo Private Wealth Inc. bought a new stake in Alphabet during the 4th quarter valued at $38,000. CarsonAllaria Wealth Management Ltd. raised its stake in shares of Alphabet by 59.2% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 293 shares of the information services provider’s stock worth $44,000 after buying an additional 109 shares in the last quarter. Finally, Richardson Capital Management LLC raised its stake in shares of Alphabet by 87.5% in the 1st quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock worth $45,000 after buying an additional 140 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $173.86, for a total value of $118,572.52. Following the completion of the sale, the chief accounting officer now owns 29,966 shares of the company’s stock, valued at $5,209,888.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $173.86, for a total transaction of $118,572.52. Following the completion of the transaction, the chief accounting officer now owns 29,966 shares of the company’s stock, valued at approximately $5,209,888.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $173.22, for a total value of $3,897,450.00. Following the transaction, the chief executive officer now directly owns 2,258,011 shares of the company’s stock, valued at approximately $391,132,665.42. The disclosure for this sale can be found here. Insiders sold 99,126 shares of company stock valued at $17,617,549 over the last quarter. Insiders own 11.55% of the company’s stock.

Alphabet Price Performance

GOOGL opened at $171.54 on Thursday. The stock has a market cap of $2.12 trillion, a price-to-earnings ratio of 26.31, a PEG ratio of 1.28 and a beta of 1.05. Alphabet Inc. has a 1 year low of $120.21 and a 1 year high of $191.75. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average price of $178.65 and a 200 day moving average price of $161.07.

Alphabet (NASDAQ:GOOGL – Get Free Report) last released its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. The firm had revenue of $84.74 billion during the quarter, compared to analysts’ expectations of $70.60 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same quarter last year, the firm earned $1.44 earnings per share. Analysts forecast that Alphabet Inc. will post 7.62 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 9th will be given a $0.20 dividend. The ex-dividend date is Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. Alphabet’s dividend payout ratio is currently 12.27%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Guggenheim boosted their price objective on Alphabet from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Piper Sandler boosted their price objective on Alphabet from $200.00 to $206.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Jefferies Financial Group boosted their price objective on Alphabet from $215.00 to $220.00 in a research note on Tuesday, July 9th. Sanford C. Bernstein boosted their price objective on Alphabet from $165.00 to $180.00 and gave the stock a “market perform” rating in a research note on Friday, April 26th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $181.00 price objective on shares of Alphabet in a research note on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $203.74.

Read Our Latest Stock Report on Alphabet

Alphabet Profile

(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, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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August 2, 2024
Price T Rowe Associates Inc. MD Sells 32,361 Shares of Landstar System, Inc. (NASDAQ:LSTR)

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Price T Rowe Associates Inc. MD reduced its position in Landstar System, Inc. (NASDAQ:LSTR – Free Report) by 10.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 281,372 shares of the transportation company’s stock after selling 32,361 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.79% of Landstar System worth $54,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Mather Group LLC. purchased a new stake in Landstar System in the first quarter worth $27,000. SRS Capital Advisors Inc. grew its holdings in Landstar System by 209.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 192 shares of the transportation company’s stock valued at $37,000 after buying an additional 130 shares in the last quarter. Montag A & Associates Inc. bought a new stake in shares of Landstar System during the fourth quarter valued at about $48,000. GAMMA Investing LLC purchased a new stake in shares of Landstar System in the fourth quarter worth about $58,000. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Landstar System in the first quarter worth about $86,000. 97.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LSTR has been the topic of a number of analyst reports. Evercore ISI upped their target price on shares of Landstar System from $161.00 to $173.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Raymond James started coverage on Landstar System in a research report on Wednesday, May 15th. They set an “outperform” rating and a $205.00 price target for the company. Stifel Nicolaus decreased their price objective on shares of Landstar System from $166.00 to $164.00 and set a “hold” rating on the stock in a research report on Monday, April 29th. Morgan Stanley cut their price target on shares of Landstar System from $147.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, July 8th. Finally, Wolfe Research cut shares of Landstar System from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 11th. Twelve analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $180.36.

View Our Latest Stock Analysis on LSTR

Landstar System Trading Up 1.4 %

Shares of LSTR opened at $193.87 on Wednesday. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 29.83 and a beta of 0.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.22 and a current ratio of 2.22. Landstar System, Inc. has a fifty-two week low of $161.13 and a fifty-two week high of $203.65. The firm has a 50 day moving average price of $182.41 and a 200-day moving average price of $184.92.

Landstar System Profile

(Free Report)

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics and less-than-truckload services.

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August 1, 2024
Lazard Asset Management LLC Boosts Holdings in CMS Energy Co. (NYSE:CMS)

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Lazard Asset Management LLC boosted its position in CMS Energy Co. (NYSE:CMS – Free Report) by 48,203.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,719 shares of the utilities provider’s stock after purchasing an additional 50,614 shares during the quarter. Lazard Asset Management LLC’s holdings in CMS Energy were worth $3,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CMS. Raymond James Financial Services Advisors Inc. lifted its stake in CMS Energy by 68.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 64,072 shares of the utilities provider’s stock worth $3,721,000 after purchasing an additional 26,034 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of CMS Energy by 80.8% during the 4th quarter. Global Retirement Partners LLC now owns 1,868 shares of the utilities provider’s stock valued at $108,000 after buying an additional 835 shares in the last quarter. Quent Capital LLC raised its position in shares of CMS Energy by 63.8% during the 4th quarter. Quent Capital LLC now owns 829 shares of the utilities provider’s stock valued at $48,000 after buying an additional 323 shares in the last quarter. Essex Savings Bank purchased a new stake in shares of CMS Energy during the 4th quarter valued at $207,000. Finally, Trust Point Inc. purchased a new stake in shares of CMS Energy during the 4th quarter valued at $651,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Trading Up 1.1 %

Shares of CMS opened at $63.66 on Tuesday. CMS Energy Co. has a 1-year low of $49.87 and a 1-year high of $64.28. The firm has a market capitalization of $19.02 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 2.50 and a beta of 0.38. The firm’s 50-day moving average price is $60.68 and its 200-day moving average price is $59.48. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS – Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.73 billion. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. CMS Energy’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the company posted $0.75 EPS. Sell-side analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 2nd will be paid a $0.51 dividend. The ex-dividend date is Friday, August 2nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.20%. CMS Energy’s dividend payout ratio is presently 62.80%.

Analyst Ratings Changes

Several research firms have recently weighed in on CMS. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Monday. Guggenheim raised their price objective on shares of CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a research report on Friday. Scotiabank lowered their price objective on shares of CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 22nd. Barclays raised their price objective on shares of CMS Energy from $57.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 30th. Finally, BMO Capital Markets increased their target price on shares of CMS Energy from $68.00 to $71.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $65.00.

View Our Latest Analysis on CMS

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 1,667 shares of CMS Energy stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $59.98, for a total value of $99,986.66. Following the completion of the sale, the senior vice president now directly owns 68,330 shares in the company, valued at $4,098,433.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Brandon J. Hofmeister sold 1,667 shares of CMS Energy stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $59.98, for a total value of $99,986.66. Following the completion of the sale, the senior vice president now directly owns 68,330 shares in the company, valued at $4,098,433.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jon E. Barfield sold 2,360 shares of CMS Energy stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $60.79, for a total transaction of $143,464.40. Following the completion of the sale, the director now owns 14,556 shares of the company’s stock, valued at $884,859.24. The disclosure for this sale can be found here. Insiders sold 6,027 shares of company stock worth $365,651 over the last three months. 0.40% of the stock is currently owned by company insiders.

CMS Energy Profile

(Free Report)

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.

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July 30, 2024
CreativeOne Wealth LLC Acquires Shares of 3,246 Edison International (NYSE:EIX)

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CreativeOne Wealth LLC acquired a new stake in Edison International (NYSE:EIX – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,246 shares of the utilities provider’s stock, valued at approximately $230,000.

A number of other institutional investors have also modified their holdings of EIX. Assenagon Asset Management S.A. grew its holdings in Edison International by 25.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 17,767 shares of the utilities provider’s stock worth $1,270,000 after acquiring an additional 3,565 shares during the period. Blue Trust Inc. increased its holdings in shares of Edison International by 70.9% during the 4th quarter. Blue Trust Inc. now owns 800 shares of the utilities provider’s stock valued at $57,000 after purchasing an additional 332 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Edison International by 11.1% in the 4th quarter. Fifth Third Bancorp now owns 11,480 shares of the utilities provider’s stock valued at $821,000 after purchasing an additional 1,151 shares during the period. Spirit of America Management Corp NY boosted its holdings in Edison International by 4.0% during the fourth quarter. Spirit of America Management Corp NY now owns 6,450 shares of the utilities provider’s stock worth $461,000 after buying an additional 250 shares in the last quarter. Finally, Zimmermann Investment Management & Planning LLC acquired a new stake in Edison International during the fourth quarter valued at $274,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Insider Buying and Selling at Edison International

In other news, CEO J Andrew Murphy sold 9,794 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $75.07, for a total transaction of $735,235.58. Following the completion of the transaction, the chief executive officer now directly owns 19,660 shares of the company’s stock, valued at approximately $1,475,876.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Edison International news, SVP Caroline Choi sold 10,004 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $75.77, for a total transaction of $758,003.08. Following the sale, the senior vice president now owns 26,918 shares of the company’s stock, valued at $2,039,576.86. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO J Andrew Murphy sold 9,794 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $75.07, for a total transaction of $735,235.58. Following the sale, the chief executive officer now owns 19,660 shares of the company’s stock, valued at approximately $1,475,876.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,897 shares of company stock valued at $5,851,245. Insiders own 1.03% of the company’s stock.

Edison International Trading Up 2.7 %

EIX opened at $78.51 on Friday. Edison International has a 52 week low of $58.82 and a 52 week high of $79.50. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 2.04. The business has a fifty day simple moving average of $73.81 and a 200-day simple moving average of $70.86. The firm has a market cap of $30.21 billion, a P/E ratio of 34.43 and a beta of 0.91.

Edison International (NYSE:EIX – Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.01. The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.16 billion. Edison International had a net margin of 6.60% and a return on equity of 13.07%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 earnings per share. On average, equities analysts expect that Edison International will post 4.92 earnings per share for the current year.

Edison International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 8th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.97%. Edison International’s payout ratio is 136.84%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Morgan Stanley decreased their price objective on shares of Edison International from $64.00 to $61.00 and set an “underweight” rating for the company in a research report on Monday, June 24th. Mizuho upped their price target on Edison International from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Argus upped their target price on Edison International from $78.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. UBS Group cut shares of Edison International from a “buy” rating to a “neutral” rating and dropped their price target for the company from $83.00 to $82.00 in a research note on Friday, July 19th. Finally, Guggenheim boosted their price objective on Edison International from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $77.82.

Get Our Latest Research Report on EIX

Edison International Profile

(Free Report)

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.

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July 28, 2024