Tag: Institutional Investor Holdings

Agilent Technologies, Inc. (NYSE:A) Shares Acquired by Brown Shipley& Co Ltd

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Brown Shipley& Co Ltd increased its stake in shares of Agilent Technologies, Inc. (NYSE:A – Free Report) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,206 shares of the medical research company’s stock after buying an additional 2,136 shares during the period. Agilent Technologies comprises 2.0% of Brown Shipley& Co Ltd’s portfolio, making the stock its 18th largest holding. Brown Shipley& Co Ltd’s holdings in Agilent Technologies were worth $4,061,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Blair William & Co. IL lifted its holdings in shares of Agilent Technologies by 1.9% in the third quarter. Blair William & Co. IL now owns 18,002 shares of the medical research company’s stock valued at $2,013,000 after purchasing an additional 334 shares in the last quarter. William Blair Investment Management LLC purchased a new position in shares of Agilent Technologies during the third quarter valued at approximately $662,000. PNC Financial Services Group Inc. lifted its stake in shares of Agilent Technologies by 5.7% during the third quarter. PNC Financial Services Group Inc. now owns 167,831 shares of the medical research company’s stock valued at $18,767,000 after buying an additional 9,099 shares during the period. Aviva PLC lifted its stake in shares of Agilent Technologies by 2.6% during the third quarter. Aviva PLC now owns 279,860 shares of the medical research company’s stock valued at $31,294,000 after buying an additional 7,155 shares during the period. Finally, Kestra Advisory Services LLC lifted its stake in shares of Agilent Technologies by 12.6% during the third quarter. Kestra Advisory Services LLC now owns 15,636 shares of the medical research company’s stock valued at $1,748,000 after buying an additional 1,749 shares during the period.

Insiders Place Their Bets

In other news, SVP Dominique Grau sold 15,000 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $133.28, for a total value of $1,999,200.00. Following the completion of the sale, the senior vice president now owns 49,486 shares of the company’s stock, valued at approximately $6,595,494.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Philip Binns sold 2,827 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $147.54, for a total value of $417,095.58. Following the completion of the transaction, the senior vice president now owns 9,997 shares of the company’s stock, valued at $1,474,957.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Dominique Grau sold 15,000 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $133.28, for a total value of $1,999,200.00. Following the completion of the transaction, the senior vice president now directly owns 49,486 shares of the company’s stock, valued at approximately $6,595,494.08. The disclosure for this sale can be found here. Insiders sold a total of 19,785 shares of company stock valued at $2,670,836 in the last quarter.

Agilent Technologies Trading Down 0.6 %

Shares of A stock opened at $129.85 on Monday. Agilent Technologies, Inc. has a 1 year low of $96.80 and a 1 year high of $155.35. The firm’s fifty day simple moving average is $140.91 and its 200 day simple moving average is $138.21. The firm has a market capitalization of $37.89 billion, a P/E ratio of 30.70, a price-to-earnings-growth ratio of 4.40 and a beta of 1.07. The company has a current ratio of 2.15, a quick ratio of 1.64 and a debt-to-equity ratio of 0.34.

Agilent Technologies (NYSE:A – Get Free Report) last issued its earnings results on Wednesday, May 29th. The medical research company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.19 by $0.03. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.58 billion. Agilent Technologies had a net margin of 18.84% and a return on equity of 26.25%. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.27 EPS. As a group, sell-side analysts predict that Agilent Technologies, Inc. will post 5.25 EPS for the current year.

Agilent Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Tuesday, July 2nd will be given a dividend of $0.236 per share. This represents a $0.94 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Tuesday, July 2nd. Agilent Technologies’s dividend payout ratio (DPR) is currently 22.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on A shares. Oppenheimer increased their price objective on shares of Agilent Technologies from $67.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. UBS Group dropped their price objective on shares of Agilent Technologies from $155.00 to $141.00 and set a “neutral” rating for the company in a research report on Thursday, May 30th. Robert W. Baird decreased their target price on shares of Agilent Technologies from $147.00 to $136.00 and set an “outperform” rating for the company in a research note on Thursday, May 30th. Evercore ISI decreased their target price on shares of Agilent Technologies from $145.00 to $126.00 and set an “in-line” rating for the company in a research note on Thursday, May 30th. Finally, Citigroup decreased their target price on shares of Agilent Technologies from $145.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, May 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $136.50.

Check Out Our Latest Report on Agilent Technologies

Agilent Technologies Company Profile

(Free Report)

Agilent Technologies, Inc provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. The company operates in three segments: Life Sciences and Applied Markets, Diagnostics and Genomics, and Agilent CrossLab. The Life Sciences and Applied Markets segment offers liquid chromatography systems and components; liquid chromatography mass spectrometry systems; gas chromatography systems and components; gas chromatography mass spectrometry systems; inductively coupled plasma mass spectrometry instruments; atomic absorption instruments; microwave plasma-atomic emission spectrometry instruments; inductively coupled plasma optical emission spectrometry instruments; raman spectroscopy; cell analysis plate based assays; flow cytometer; real-time cell analyzer; cell imaging systems; microplate reader; laboratory software; information management and analytics; laboratory automation and robotic systems; dissolution testing; and vacuum pumps, and measurement technologies.

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June 17, 2024
V Square Quantitative Management LLC Boosts Position in Alphabet Inc. (NASDAQ:GOOGL)

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V Square Quantitative Management LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 82.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 70,981 shares of the information services provider’s stock after purchasing an additional 32,138 shares during the quarter. Alphabet comprises about 2.4% of V Square Quantitative Management LLC’s holdings, making the stock its 3rd biggest position. V Square Quantitative Management LLC’s holdings in Alphabet were worth $9,915,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. GLOBALT Investments LLC GA purchased a new stake in shares of Alphabet during the fourth quarter worth about $12,522,000. Able Wealth Management LLC purchased a new stake in shares of Alphabet during the fourth quarter worth about $371,000. Hiddenite Capital Partners LP purchased a new stake in shares of Alphabet during the fourth quarter worth about $2,584,000. Wellington Wealth Strategies LLC. purchased a new stake in shares of Alphabet during the fourth quarter worth about $10,828,000. Finally, Prospect Financial Services LLC purchased a new stake in shares of Alphabet during the fourth quarter worth about $3,296,000. Institutional investors own 40.03% of the company’s stock.

Alphabet Trading Up 0.9 %

GOOGL opened at $176.79 on Friday. The firm has a market cap of $2.18 trillion, a price-to-earnings ratio of 27.12, a PEG ratio of 1.32 and a beta of 1.01. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12 month low of $115.35 and a 12 month high of $180.41. The stock has a fifty day moving average price of $168.08 and a 200-day moving average price of $150.90.

Alphabet (NASDAQ:GOOGL – Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. The firm had revenue of $80.54 billion during the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same period in the previous year, the company posted $1.17 EPS. As a group, equities research analysts anticipate that Alphabet Inc. will post 7.6 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, June 10th. Alphabet’s payout ratio is 12.27%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GOOGL shares. Mizuho increased their target price on Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Truist Financial raised their price target on Alphabet from $170.00 to $190.00 and gave the company a “buy” rating in a report on Friday, April 26th. JPMorgan Chase & Co. raised their price target on Alphabet from $165.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, April 26th. JMP Securities restated a “market outperform” rating and set a $200.00 price target on shares of Alphabet in a report on Wednesday, May 15th. Finally, Roth Mkm raised their price target on Alphabet from $164.00 to $202.00 and gave the company a “buy” rating in a report on Friday, April 26th. Five research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.26.

Get Our Latest Analysis on GOOGL

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $177.92, for a total transaction of $266,880.00. Following the transaction, the director now directly owns 3,727 shares in the company, valued at approximately $663,107.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $177.92, for a total transaction of $266,880.00. Following the transaction, the director now directly owns 3,727 shares in the company, valued at approximately $663,107.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 500 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $149.50, for a total value of $74,750.00. Following the transaction, the director now owns 8,791 shares in the company, valued at $1,314,254.50. The disclosure for this sale can be found here. In the last three months, insiders sold 158,958 shares of company stock valued at $25,805,853. Corporate insiders own 11.55% of the company’s stock.

Alphabet Company 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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June 15, 2024
Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by Baird Financial Group Inc.

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Baird Financial Group Inc. boosted its position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 24.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 835,972 shares of the social networking company’s stock after purchasing an additional 163,067 shares during the period. Meta Platforms makes up 0.7% of Baird Financial Group Inc.’s portfolio, making the stock its 29th biggest position. Baird Financial Group Inc.’s holdings in Meta Platforms were worth $295,901,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Stone House Investment Management LLC grew its holdings in Meta Platforms by 625.0% during the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after purchasing an additional 75 shares in the last quarter. Beaird Harris Wealth Management LLC grew its holdings in Meta Platforms by 68.9% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock worth $31,000 after acquiring an additional 42 shares in the last quarter. Quest Partners LLC acquired a new position in Meta Platforms during the 4th quarter worth $32,000. Clear Investment Research LLC grew its holdings in Meta Platforms by 411.1% during the 4th quarter. Clear Investment Research LLC now owns 92 shares of the social networking company’s stock worth $33,000 after acquiring an additional 74 shares in the last quarter. Finally, Cranbrook Wealth Management LLC grew its holdings in Meta Platforms by 80.4% during the 4th quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock worth $36,000 after acquiring an additional 45 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Trading Up 0.3 %

Shares of META stock opened at $508.84 on Thursday. Meta Platforms, Inc. has a 1 year low of $268.32 and a 1 year high of $531.49. The firm’s fifty day simple moving average is $480.99 and its 200 day simple moving average is $439.92. The firm has a market capitalization of $1.29 trillion, a P/E ratio of 29.23, a price-to-earnings-growth ratio of 1.30 and a beta of 1.21. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:META – Get Free Report) last announced its earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.32 by $0.39. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. The business had revenue of $36.46 billion for the quarter, compared to analyst estimates of $36.28 billion. As a group, sell-side analysts predict that Meta Platforms, Inc. will post 20.16 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Friday, June 14th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Friday, June 14th. Meta Platforms’s dividend payout ratio (DPR) is currently 11.49%.

Insider Buying and Selling

In related news, insider Jennifer Newstead sold 585 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $431.05, for a total transaction of $252,164.25. Following the transaction, the insider now owns 36,643 shares of the company’s stock, valued at $15,794,965.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Meta Platforms news, CEO Mark Zuckerberg sold 16,702 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $503.18, for a total value of $8,404,112.36. Following the sale, the chief executive officer now owns 301,478 shares of the company’s stock, valued at approximately $151,697,700.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jennifer Newstead sold 585 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $431.05, for a total transaction of $252,164.25. Following the completion of the sale, the insider now directly owns 36,643 shares in the company, valued at approximately $15,794,965.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 514,525 shares of company stock valued at $253,108,340. 13.71% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Canaccord Genuity Group decreased their price objective on shares of Meta Platforms from $610.00 to $575.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Meta Platforms from $540.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Wolfe Research cut their price objective on shares of Meta Platforms from $530.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. BMO Capital Markets reiterated a “market perform” rating and issued a $450.00 price objective on shares of Meta Platforms in a research report on Wednesday. Finally, Roth Mkm lifted their price objective on shares of Meta Platforms from $500.00 to $510.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $510.41.

Check Out Our Latest Report on Meta Platforms

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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June 13, 2024
Elo Mutual Pension Insurance Co Has $2.18 Million Holdings in Cardinal Health, Inc. (NYSE:CAH)

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Elo Mutual Pension Insurance Co increased its position in shares of Cardinal Health, Inc. (NYSE:CAH – Free Report) by 1.5% during the fourth quarter, Holdings Channel reports. The fund owned 21,636 shares of the company’s stock after acquiring an additional 327 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Cardinal Health were worth $2,181,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Clearstead Trust LLC acquired a new stake in shares of Cardinal Health during the fourth quarter valued at approximately $25,000. BKM Wealth Management LLC acquired a new stake in shares of Cardinal Health during the fourth quarter valued at approximately $30,000. Hexagon Capital Partners LLC increased its stake in Cardinal Health by 53.6% in the 4th quarter. Hexagon Capital Partners LLC now owns 338 shares of the company’s stock valued at $34,000 after buying an additional 118 shares during the period. Wetzel Investment Advisors Inc. acquired a new position in Cardinal Health in the 4th quarter valued at approximately $36,000. Finally, Altshuler Shaham Ltd acquired a new position in Cardinal Health in the 4th quarter valued at approximately $46,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Cardinal Health Trading Up 0.2 %

NYSE CAH opened at $99.01 on Wednesday. The company has a fifty day simple moving average of $101.44 and a 200 day simple moving average of $104.93. The company has a market cap of $24.12 billion, a P/E ratio of 44.00, a P/E/G ratio of 1.12 and a beta of 0.64. Cardinal Health, Inc. has a 1 year low of $85.11 and a 1 year high of $116.04.

Cardinal Health (NYSE:CAH – Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.13. The business had revenue of $54.90 billion during the quarter, compared to the consensus estimate of $56.05 billion. Cardinal Health had a net margin of 0.25% and a negative return on equity of 54.74%. Cardinal Health’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.74 EPS. Equities research analysts forecast that Cardinal Health, Inc. will post 7.35 EPS for the current fiscal year.

Cardinal Health Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be issued a dividend of $0.5056 per share. This is an increase from Cardinal Health’s previous quarterly dividend of $0.50. This represents a $2.02 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Monday, July 1st. Cardinal Health’s dividend payout ratio is currently 88.89%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CAH shares. Robert W. Baird dropped their price objective on shares of Cardinal Health from $134.00 to $128.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Wells Fargo & Company dropped their price objective on shares of Cardinal Health from $96.00 to $94.00 and set an “underweight” rating on the stock in a research note on Monday, April 29th. Argus dropped their price objective on shares of Cardinal Health from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Leerink Partnrs reiterated an “outperform” rating on shares of Cardinal Health in a research note on Monday, February 26th. Finally, StockNews.com lowered shares of Cardinal Health from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $107.57.

Read Our Latest Analysis on CAH

Cardinal Health Company Profile

(Free Report)

Cardinal Health, Inc operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home.

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June 12, 2024
Voyager Global Management LP Purchases 140,000 Shares of Meta Platforms, Inc. (NASDAQ:META)

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Voyager Global Management LP grew its position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 37.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 515,000 shares of the social networking company’s stock after purchasing an additional 140,000 shares during the quarter. Meta Platforms accounts for 8.7% of Voyager Global Management LP’s portfolio, making the stock its 7th largest position. Voyager Global Management LP’s holdings in Meta Platforms were worth $182,289,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. California State Teachers Retirement System grew its holdings in shares of Meta Platforms by 1.5% during the fourth quarter. California State Teachers Retirement System now owns 3,576,285 shares of the social networking company’s stock valued at $1,265,862,000 after buying an additional 51,900 shares in the last quarter. Donoghue Forlines LLC grew its holdings in shares of Meta Platforms by 94.4% during the fourth quarter. Donoghue Forlines LLC now owns 8,349 shares of the social networking company’s stock valued at $2,955,000 after buying an additional 4,054 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in Meta Platforms by 7.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 451,581 shares of the social networking company’s stock valued at $159,841,000 after purchasing an additional 32,423 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. boosted its position in Meta Platforms by 400.0% during the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 2,500 shares of the social networking company’s stock valued at $885,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Bank of Stockton boosted its position in Meta Platforms by 9.2% during the fourth quarter. Bank of Stockton now owns 4,743 shares of the social networking company’s stock valued at $1,819,000 after purchasing an additional 400 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

META has been the subject of a number of research reports. UBS Group reduced their price objective on Meta Platforms from $610.00 to $575.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Wells Fargo & Company reduced their price objective on Meta Platforms from $609.00 to $600.00 and set an “overweight” rating for the company in a research report on Wednesday, April 3rd. Stifel Nicolaus boosted their price target on Meta Platforms from $527.00 to $588.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Benchmark reaffirmed a “hold” rating on shares of Meta Platforms in a research report on Monday, April 22nd. Finally, Roth Mkm boosted their price target on Meta Platforms from $500.00 to $510.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average target price of $510.41.

Read Our Latest Research Report on Meta Platforms

Insider Buying and Selling

In related news, insider Jennifer Newstead sold 585 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $431.05, for a total transaction of $252,164.25. Following the completion of the transaction, the insider now owns 36,643 shares in the company, valued at $15,794,965.15. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Meta Platforms news, Director Sheryl Sandberg sold 105,000 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $476.71, for a total transaction of $50,054,550.00. Following the completion of the transaction, the director now owns 630,293 shares in the company, valued at $300,466,976.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer Newstead sold 585 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $431.05, for a total transaction of $252,164.25. Following the transaction, the insider now owns 36,643 shares of the company’s stock, valued at approximately $15,794,965.15. The disclosure for this sale can be found here. Over the last quarter, insiders sold 573,397 shares of company stock worth $282,152,645. 13.71% of the stock is owned by insiders.

Meta Platforms Stock Performance

META stock traded up $2.32 during midday trading on Monday, reaching $495.28. 2,431,467 shares of the company’s stock traded hands, compared to its average volume of 16,833,336. Meta Platforms, Inc. has a 52-week low of $265.33 and a 52-week high of $531.49. The stock has a market cap of $1.26 trillion, a P/E ratio of 28.29, a PEG ratio of 1.28 and a beta of 1.21. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12. The stock’s 50-day moving average is $480.52 and its 200 day moving average is $437.11.

Meta Platforms (NASDAQ:META – Get Free Report) last announced its earnings results on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. The business had revenue of $36.46 billion during the quarter, compared to analysts’ expectations of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. As a group, analysts anticipate that Meta Platforms, Inc. will post 20.16 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Friday, June 14th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.40%. Meta Platforms’s dividend payout ratio is 11.49%.

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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June 10, 2024
Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Burgundy Asset Management Ltd.

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Burgundy Asset Management Ltd. decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 9.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,260,736 shares of the information services provider’s stock after selling 226,396 shares during the quarter. Alphabet makes up about 3.5% of Burgundy Asset Management Ltd.’s investment portfolio, making the stock its biggest holding. Burgundy Asset Management Ltd.’s holdings in Alphabet were worth $315,802,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOGL. DiNuzzo Private Wealth Inc. bought a new stake in Alphabet during the fourth quarter worth $38,000. Meritage Group LP raised its position in Alphabet by 1,061.5% during the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after acquiring an additional 276 shares in the last quarter. Armor Investment Advisors LLC raised its position in shares of Alphabet by 31.0% in the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 80 shares during the period. IAG Wealth Partners LLC raised its position in shares of Alphabet by 55.9% in the fourth quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock valued at $48,000 after purchasing an additional 123 shares during the period. Finally, Valued Wealth Advisors LLC bought a new position in shares of Alphabet in the fourth quarter valued at about $55,000. 40.03% of the stock is owned by institutional investors.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $176.73 on Friday. The company has a fifty day moving average of $165.34 and a 200-day moving average of $149.29. The firm has a market capitalization of $2.18 trillion, a P/E ratio of 27.11, a P/E/G ratio of 1.32 and a beta of 1.01. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a twelve month low of $115.35 and a twelve month high of $178.77.

Alphabet (NASDAQ:GOOGL – Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. The company had revenue of $80.54 billion during the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same quarter in the previous year, the business posted $1.17 EPS. As a group, sell-side analysts anticipate that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.45%. The ex-dividend date is Monday, June 10th. Alphabet’s payout ratio is currently 12.27%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GOOGL shares. Mizuho increased their price objective on shares of Alphabet from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Morgan Stanley reissued an “overweight” rating and issued a $195.00 price objective on shares of Alphabet in a research report on Wednesday, May 15th. Stifel Nicolaus reissued a “buy” rating and issued a $196.00 price objective on shares of Alphabet in a research report on Wednesday, May 15th. Sanford C. Bernstein raised their price target on shares of Alphabet from $165.00 to $180.00 and gave the stock a “market perform” rating in a research report on Friday, April 26th. Finally, Royal Bank of Canada raised their price target on shares of Alphabet from $155.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Five investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong 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 $191.57.

Read Our Latest Stock Analysis on GOOGL

Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $148.78, for a total transaction of $3,347,550.00. Following the transaction, the chief executive officer now directly owns 2,310,191 shares of the company’s stock, valued at approximately $343,710,216.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $148.78, for a total transaction of $3,347,550.00. Following the transaction, the chief executive officer now directly owns 2,310,191 shares of the company’s stock, valued at approximately $343,710,216.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John L. Hennessy sold 300 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $139.51, for a total transaction of $41,853.00. Following the completion of the transaction, the director now directly owns 9,291 shares in the company, valued at $1,296,187.41. The disclosure for this sale can be found here. In the last 90 days, insiders sold 157,758 shares of company stock valued at $25,580,826. 11.55% of the stock is owned by company insiders.

About Alphabet

(Free Report)

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

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June 7, 2024
Belpointe Asset Management LLC Boosts Stock Holdings in Freeport-McMoRan Inc. (NYSE:FCX)

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Belpointe Asset Management LLC grew its position in shares of Freeport-McMoRan Inc. (NYSE:FCX – Free Report) by 38.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,891 shares of the natural resource company’s stock after purchasing an additional 4,703 shares during the quarter. Belpointe Asset Management LLC’s holdings in Freeport-McMoRan were worth $719,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC purchased a new stake in Freeport-McMoRan in the 4th quarter worth $27,000. Jones Financial Companies Lllp increased its holdings in Freeport-McMoRan by 422.2% in the 4th quarter. Jones Financial Companies Lllp now owns 658 shares of the natural resource company’s stock worth $28,000 after acquiring an additional 532 shares in the last quarter. Webster Bank N. A. increased its holdings in Freeport-McMoRan by 6,469.2% in the 4th quarter. Webster Bank N. A. now owns 854 shares of the natural resource company’s stock worth $36,000 after acquiring an additional 841 shares in the last quarter. EdgeRock Capital LLC purchased a new stake in Freeport-McMoRan in the 4th quarter worth $35,000. Finally, CVA Family Office LLC purchased a new stake in Freeport-McMoRan in the 4th quarter worth $38,000. 80.77% of the stock is owned by hedge funds and other institutional investors.

Freeport-McMoRan Trading Up 1.6 %

Shares of FCX stock opened at $50.49 on Thursday. The company’s 50-day moving average price is $50.61 and its 200-day moving average price is $43.67. The company has a current ratio of 2.35, a quick ratio of 1.41 and a debt-to-equity ratio of 0.31. The stock has a market cap of $72.42 billion, a price-to-earnings ratio of 44.68, a PEG ratio of 2.63 and a beta of 1.96. Freeport-McMoRan Inc. has a twelve month low of $32.83 and a twelve month high of $55.24.

Freeport-McMoRan (NYSE:FCX – Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The natural resource company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.05. The firm had revenue of $6.32 billion for the quarter, compared to analyst estimates of $5.70 billion. Freeport-McMoRan had a net margin of 6.97% and a return on equity of 7.17%. Freeport-McMoRan’s revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 EPS. As a group, equities analysts predict that Freeport-McMoRan Inc. will post 1.66 earnings per share for the current year.

Freeport-McMoRan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Monday, April 15th were issued a $0.15 dividend. The ex-dividend date was Friday, April 12th. This represents a $0.60 annualized dividend and a yield of 1.19%. Freeport-McMoRan’s dividend payout ratio (DPR) is currently 26.55%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FCX shares. Bank of America raised shares of Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $59.00 price target for the company in a report on Tuesday, April 9th. HSBC lifted their target price on shares of Freeport-McMoRan from $39.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. Raymond James lifted their target price on shares of Freeport-McMoRan from $49.50 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. StockNews.com raised shares of Freeport-McMoRan from a “hold” rating to a “buy” rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Freeport-McMoRan from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Freeport-McMoRan has a consensus rating of “Moderate Buy” and an average target price of $51.50.

Get Our Latest Report on FCX

Insider Activity at Freeport-McMoRan

In related news, CAO Stephen T. Higgins sold 42,767 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $50.35, for a total value of $2,153,318.45. Following the sale, the chief accounting officer now directly owns 104,377 shares in the company, valued at approximately $5,255,381.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Freeport-McMoRan news, CAO Stephen T. Higgins sold 42,767 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $50.35, for a total transaction of $2,153,318.45. Following the sale, the chief accounting officer now directly owns 104,377 shares in the company, valued at $5,255,381.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Douglas N. Currault II sold 55,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $51.99, for a total transaction of $2,859,450.00. Following the sale, the vice president now owns 164,067 shares in the company, valued at $8,529,843.33. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 445,667 shares of company stock worth $22,755,070. Company insiders own 0.79% of the company’s stock.

About Freeport-McMoRan

(Free Report)

Freeport-McMoRan Inc engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals. The company’s assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile.

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June 6, 2024
California State Teachers Retirement System Has $1.27 Billion Holdings in Meta Platforms, Inc. (NASDAQ:META)

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California State Teachers Retirement System grew its position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 1.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,576,285 shares of the social networking company’s stock after acquiring an additional 51,900 shares during the quarter. Meta Platforms comprises approximately 1.7% of California State Teachers Retirement System’s holdings, making the stock its 6th largest holding. California State Teachers Retirement System owned 0.14% of Meta Platforms worth $1,265,862,000 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. Addison Advisors LLC boosted its position in Meta Platforms by 3.9% in the fourth quarter. Addison Advisors LLC now owns 670 shares of the social networking company’s stock valued at $237,000 after buying an additional 25 shares during the last quarter. Smithfield Trust Co boosted its position in Meta Platforms by 0.5% in the fourth quarter. Smithfield Trust Co now owns 4,895 shares of the social networking company’s stock valued at $1,730,000 after buying an additional 25 shares during the last quarter. American National Bank boosted its position in Meta Platforms by 1.6% in the fourth quarter. American National Bank now owns 1,590 shares of the social networking company’s stock valued at $563,000 after buying an additional 25 shares during the last quarter. WoodTrust Financial Corp boosted its position in Meta Platforms by 1.8% in the fourth quarter. WoodTrust Financial Corp now owns 1,547 shares of the social networking company’s stock valued at $548,000 after buying an additional 27 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners boosted its position in Meta Platforms by 0.6% in the fourth quarter. Tennessee Valley Asset Management Partners now owns 4,566 shares of the social networking company’s stock valued at $1,616,000 after buying an additional 27 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Insider Transactions at Meta Platforms

In other news, Director Sheryl Sandberg sold 105,000 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $476.71, for a total transaction of $50,054,550.00. Following the completion of the transaction, the director now directly owns 630,293 shares in the company, valued at approximately $300,466,976.03. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Mark Zuckerberg sold 77,412 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $497.61, for a total transaction of $38,520,985.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sheryl Sandberg sold 105,000 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $476.71, for a total value of $50,054,550.00. Following the transaction, the director now owns 630,293 shares of the company’s stock, valued at $300,466,976.03. The disclosure for this sale can be found here. In the last ninety days, insiders sold 713,553 shares of company stock worth $351,962,991. 13.71% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Truist Financial lowered their price objective on Meta Platforms from $550.00 to $535.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Wells Fargo & Company lowered their price objective on Meta Platforms from $609.00 to $600.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 3rd. Canaccord Genuity Group lowered their price objective on Meta Platforms from $610.00 to $575.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Raymond James lowered their price objective on Meta Platforms from $550.00 to $525.00 and set a “strong-buy” rating on the stock in a research report on Thursday, April 25th. Finally, Rosenblatt Securities upped their price objective on Meta Platforms from $520.00 to $562.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $509.80.

Read Our Latest Research Report on META

Meta Platforms Stock Up 0.4 %

Shares of META opened at $468.55 on Monday. Meta Platforms, Inc. has a 52-week low of $258.88 and a 52-week high of $531.49. The company has a market capitalization of $1.19 trillion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 1.21 and a beta of 1.21. The stock has a fifty day simple moving average of $481.07 and a two-hundred day simple moving average of $431.83. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:META – Get Free Report) last issued its earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.32 by $0.39. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. The business had revenue of $36.46 billion during the quarter, compared to the consensus estimate of $36.28 billion. As a group, equities analysts forecast that Meta Platforms, Inc. will post 20.19 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, June 14th. Meta Platforms’s dividend payout ratio is presently 11.49%.

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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June 3, 2024
Hsbc Holdings PLC Lowers Position in Burlington Stores, Inc. (NYSE:BURL)

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Hsbc Holdings PLC decreased its stake in shares of Burlington Stores, Inc. (NYSE:BURL – Free Report) by 39.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,491 shares of the company’s stock after selling 42,625 shares during the period. Hsbc Holdings PLC owned about 0.10% of Burlington Stores worth $12,593,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Wellington Management Group LLP boosted its holdings in Burlington Stores by 44.0% during the 3rd quarter. Wellington Management Group LLP now owns 785,780 shares of the company’s stock worth $106,316,000 after acquiring an additional 239,955 shares during the last quarter. Norges Bank bought a new position in shares of Burlington Stores during the fourth quarter valued at about $145,471,000. Clearbridge Investments LLC boosted its holdings in Burlington Stores by 19.3% during the fourth quarter. Clearbridge Investments LLC now owns 631,148 shares of the company’s stock worth $122,746,000 after purchasing an additional 101,950 shares during the last quarter. Cooper Creek Partners Management LLC grew its position in Burlington Stores by 716.8% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 610,821 shares of the company’s stock worth $82,644,000 after purchasing an additional 536,038 shares in the last quarter. Finally, Artemis Investment Management LLP increased its stake in Burlington Stores by 96.7% in the 4th quarter. Artemis Investment Management LLP now owns 478,838 shares of the company’s stock valued at $93,124,000 after buying an additional 235,343 shares during the last quarter.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 5,025 shares of Burlington Stores stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total value of $1,131,831.00. Following the sale, the chief marketing officer now owns 61,115 shares in the company, valued at $13,765,542.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.91% of the stock is owned by corporate insiders.

Burlington Stores Trading Up 1.9 %

Shares of BURL opened at $240.05 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.61 and a current ratio of 1.07. Burlington Stores, Inc. has a fifty-two week low of $115.66 and a fifty-two week high of $243.64. The firm has a 50 day moving average price of $197.09 and a 200-day moving average price of $194.09. The firm has a market cap of $15.33 billion, a price-to-earnings ratio of 40.21, a PEG ratio of 1.32 and a beta of 1.54.

Burlington Stores (NYSE:BURL – Get Free Report) last issued its earnings results on Thursday, May 30th. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.04 by $0.38. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.34 billion. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 earnings per share. As a group, equities research analysts forecast that Burlington Stores, Inc. will post 7.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BURL shares. Citigroup upped their target price on Burlington Stores from $258.00 to $276.00 and gave the company a “buy” rating in a report on Friday. Wells Fargo & Company upped their price objective on Burlington Stores from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Friday. Robert W. Baird lifted their target price on Burlington Stores from $260.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday. BMO Capital Markets raised their price target on shares of Burlington Stores from $227.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Morgan Stanley lowered their price target on shares of Burlington Stores from $233.00 to $218.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $245.13.

View Our Latest Stock Analysis on BURL

About Burlington Stores

(Free Report)

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women’s ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.

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June 2, 2024
Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Nations Financial Group Inc. IA ADV

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Nations Financial Group Inc. IA ADV reduced its holdings in Ross Stores, Inc. (NASDAQ:ROST – Free Report) by 49.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,650 shares of the apparel retailer’s stock after selling 1,600 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Ross Stores were worth $228,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Franklin Resources Inc. lifted its holdings in Ross Stores by 3.4% in the fourth quarter. Franklin Resources Inc. now owns 4,931,795 shares of the apparel retailer’s stock valued at $682,511,000 after acquiring an additional 161,202 shares during the period. Wellington Management Group LLP grew its holdings in shares of Ross Stores by 19.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,121,854 shares of the apparel retailer’s stock worth $465,563,000 after acquiring an additional 673,670 shares during the period. Norges Bank acquired a new position in Ross Stores during the fourth quarter worth $523,185,000. Northern Trust Corp boosted its position in Ross Stores by 1.9% during the third quarter. Northern Trust Corp now owns 3,677,191 shares of the apparel retailer’s stock worth $415,339,000 after purchasing an additional 68,518 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Ross Stores by 4.5% in the third quarter. Invesco Ltd. now owns 2,229,488 shares of the apparel retailer’s stock valued at $251,821,000 after purchasing an additional 95,386 shares during the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.

Ross Stores Stock Performance

Shares of ROST opened at $137.64 on Wednesday. The company has a market capitalization of $46.34 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 2.13 and a beta of 1.06. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.54 and a quick ratio of 1.03. Ross Stores, Inc. has a one year low of $100.66 and a one year high of $151.12. The company’s fifty day moving average price is $136.63 and its 200 day moving average price is $138.00.

Ross Stores (NASDAQ:ROST – Get Free Report) last posted its quarterly earnings data on Thursday, May 23rd. The apparel retailer reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.11. The business had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.83 billion. Ross Stores had a return on equity of 42.24% and a net margin of 9.60%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.09 EPS. As a group, analysts expect that Ross Stores, Inc. will post 5.93 earnings per share for the current year.

Ross Stores Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 11th will be paid a dividend of $0.3675 per share. This represents a $1.47 annualized dividend and a yield of 1.07%. The ex-dividend date is Tuesday, June 11th. Ross Stores’s payout ratio is currently 24.79%.

Ross Stores announced that its Board of Directors has approved a stock buyback plan on Tuesday, March 5th that authorizes the company to repurchase $2.10 billion in outstanding shares. This repurchase authorization authorizes the apparel retailer to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ROST shares. The Goldman Sachs Group lifted their target price on shares of Ross Stores from $143.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Citigroup boosted their price target on Ross Stores from $147.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. UBS Group raised their price objective on Ross Stores from $145.00 to $147.00 and gave the stock a “neutral” rating in a report on Friday, May 24th. Loop Capital raised their price target on Ross Stores from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, TD Cowen increased their price objective on shares of Ross Stores from $173.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $156.58.

Get Our Latest Stock Report on Ross Stores

Insider Buying and Selling at Ross Stores

In other news, CMO Brian R. Morrow sold 10,734 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $146.00, for a total transaction of $1,567,164.00. Following the completion of the transaction, the chief marketing officer now owns 62,711 shares of the company’s stock, valued at $9,155,806. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Michael K. Kobayashi sold 13,860 shares of Ross Stores stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $147.46, for a total transaction of $2,043,795.60. Following the sale, the insider now directly owns 61,657 shares in the company, valued at approximately $9,091,941.22. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Brian R. Morrow sold 10,734 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $146.00, for a total transaction of $1,567,164.00. Following the completion of the transaction, the chief marketing officer now directly owns 62,711 shares of the company’s stock, valued at approximately $9,155,806. The disclosure for this sale can be found here. Insiders sold a total of 71,097 shares of company stock valued at $10,396,178 in the last ninety days. Company insiders own 2.10% of the company’s stock.

About Ross Stores

(Free Report)

Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company’s Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd’s DISCOUNTS stores sell its products at department and discount stores for households with moderate income.

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May 29, 2024
Cantor Fitzgerald Investment Advisors L.P. Buys Shares of 149,589 JPMorgan Chase & Co. (NYSE:JPM)

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Cantor Fitzgerald Investment Advisors L.P. bought a new stake in JPMorgan Chase & Co. (NYSE:JPM – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 149,589 shares of the financial services provider’s stock, valued at approximately $25,445,000. JPMorgan Chase & Co. comprises about 2.0% of Cantor Fitzgerald Investment Advisors L.P.’s holdings, making the stock its 9th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPM. Norges Bank acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $6,016,878,000. International Assets Investment Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $1,017,893,000. Wellington Management Group LLP grew its holdings in shares of JPMorgan Chase & Co. by 12.2% during the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock worth $6,151,997,000 after purchasing an additional 4,603,090 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth approximately $253,076,000. Finally, Cerity Partners LLC grew its holdings in shares of JPMorgan Chase & Co. by 155.2% during the 4th quarter. Cerity Partners LLC now owns 2,246,582 shares of the financial services provider’s stock worth $382,144,000 after purchasing an additional 1,366,360 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 1.9 %

Shares of JPMorgan Chase & Co. stock traded up $3.79 during trading on Monday, reaching $200.71. 7,356,200 shares of the company were exchanged, compared to its average volume of 9,297,501. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a twelve month low of $134.40 and a twelve month high of $205.88. The business has a 50-day moving average price of $194.71 and a 200-day moving average price of $178.52. The firm has a market capitalization of $576.37 billion, a price-to-earnings ratio of 12.12, a P/E/G ratio of 2.72 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last announced its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The business had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 16.32 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be paid a dividend of $1.15 per share. The ex-dividend date is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.29%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

Analyst Ratings Changes

Several analysts recently commented on the company. Evercore ISI boosted their price target on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Oppenheimer decreased their price target on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research note on Monday, April 15th. Jefferies Financial Group boosted their price target on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Piper Sandler boosted their price target on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, May 21st. Finally, Morgan Stanley decreased their price target on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 21st. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $194.10.

View Our Latest Stock Report on JPM

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 3,000 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $198.86, for a total value of $596,580.00. Following the completion of the transaction, the insider now directly owns 44,113 shares of the company’s stock, valued at $8,772,311.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other JPMorgan Chase & Co. news, insider Robin Leopold sold 3,000 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $198.86, for a total value of $596,580.00. Following the completion of the transaction, the insider now directly owns 44,113 shares of the company’s stock, valued at $8,772,311.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Stacey Friedman sold 4,415 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the transaction, the general counsel now directly owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The disclosure for this sale can be found here. Insiders sold a total of 249,399 shares of company stock valued at $46,713,667 over the last three months. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Company Profile

(Free Report)

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.

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May 27, 2024
Sheaff Brock Investment Advisors LLC Decreases Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

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Sheaff Brock Investment Advisors LLC trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 11.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,000 shares of the information services provider’s stock after selling 8,919 shares during the period. Alphabet accounts for about 0.7% of Sheaff Brock Investment Advisors LLC’s holdings, making the stock its 25th biggest holding. Sheaff Brock Investment Advisors LLC’s holdings in Alphabet were worth $9,639,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. bought a new position in Alphabet during the 4th quarter valued at $38,000. Meritage Group LP lifted its position in shares of Alphabet by 1,061.5% during the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after purchasing an additional 276 shares during the last quarter. Armor Investment Advisors LLC grew its stake in Alphabet by 31.0% in the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after purchasing an additional 80 shares in the last quarter. IAG Wealth Partners LLC increased its holdings in Alphabet by 55.9% in the fourth quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock valued at $48,000 after buying an additional 123 shares during the last quarter. Finally, Valued Wealth Advisors LLC acquired a new stake in Alphabet during the fourth quarter valued at approximately $55,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Price Performance

GOOGL stock opened at $174.99 on Friday. The firm has a market capitalization of $2.16 trillion, a P/E ratio of 26.84, a price-to-earnings-growth ratio of 1.30 and a beta of 1.02. Alphabet Inc. has a 12 month low of $115.35 and a 12 month high of $178.77. The firm has a 50 day moving average of $160.81 and a 200-day moving average of $146.70. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL – Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. The firm had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same quarter in the previous year, the business earned $1.17 earnings per share. As a group, sell-side analysts predict that Alphabet Inc. will post 7.61 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.46%. The ex-dividend date is Monday, June 10th.

Analyst Ratings Changes

Several equities research analysts recently issued reports on GOOGL shares. Jefferies Financial Group upped their price target on Alphabet from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. lifted their price target on shares of Alphabet from $165.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, April 26th. UBS Group boosted their price objective on shares of Alphabet from $150.00 to $166.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Citigroup increased their price target on Alphabet from $168.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, Piper Sandler restated an “overweight” rating and set a $200.00 price objective (up previously from $160.00) on shares of Alphabet in a research report on Friday, April 26th. Five research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.57.

Check Out Our Latest Analysis on GOOGL

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the completion of the sale, the chief executive officer now owns 2,332,691 shares in the company, valued at $309,548,095.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total value of $2,985,750.00. Following the transaction, the chief executive officer now directly owns 2,332,691 shares of the company’s stock, valued at approximately $309,548,095.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $136.49, for a total transaction of $93,086.18. Following the transaction, the chief accounting officer now directly owns 28,602 shares of the company’s stock, valued at approximately $3,903,886.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 205,935 shares of company stock worth $31,178,987. Corporate insiders own 11.55% of the company’s stock.

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.

Further Reading

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May 25, 2024
Avantax Advisory Services Inc. Reduces Stock Holdings in Raymond James (NYSE:RJF)

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Avantax Advisory Services Inc. reduced its stake in shares of Raymond James (NYSE:RJF – Free Report) by 4.1% during the fourth quarter, Holdings Channel reports. The firm owned 3,345 shares of the financial services provider’s stock after selling 144 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Raymond James were worth $373,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Turtle Creek Wealth Advisors LLC bought a new position in Raymond James in the fourth quarter worth about $30,000. Addison Advisors LLC raised its position in shares of Raymond James by 32.9% in the 3rd quarter. Addison Advisors LLC now owns 416 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 103 shares in the last quarter. CVA Family Office LLC purchased a new position in shares of Raymond James in the 4th quarter valued at approximately $50,000. Headlands Technologies LLC boosted its position in shares of Raymond James by 139.8% during the third quarter. Headlands Technologies LLC now owns 518 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 302 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its stake in Raymond James by 52.5% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 558 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 192 shares during the period. 83.83% of the stock is currently owned by institutional investors.

Insider Activity at Raymond James

In other Raymond James news, CEO Steven M. Raney sold 4,174 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $121.01, for a total transaction of $505,095.74. Following the completion of the sale, the chief executive officer now directly owns 51,009 shares in the company, valued at approximately $6,172,599.09. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Steven M. Raney sold 4,174 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $121.01, for a total transaction of $505,095.74. Following the completion of the sale, the chief executive officer now owns 51,009 shares of the company’s stock, valued at approximately $6,172,599.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James E. Bunn sold 11,095 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $124.44, for a total transaction of $1,380,661.80. Following the completion of the transaction, the insider now directly owns 46,977 shares in the company, valued at approximately $5,845,817.88. The disclosure for this sale can be found here. 9.74% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Citigroup boosted their target price on shares of Raymond James from $112.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. TD Cowen dropped their price objective on shares of Raymond James from $131.00 to $126.00 and set a “hold” rating on the stock in a research note on Thursday, April 25th. JMP Securities reaffirmed a “market perform” rating on shares of Raymond James in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods dropped their price target on Raymond James from $132.00 to $131.00 and set a “market perform” rating on the stock in a research report on Thursday, April 25th. Finally, UBS Group reduced their price objective on Raymond James from $116.00 to $115.00 and set a “neutral” rating for the company in a research report on Thursday, January 25th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $126.22.

Read Our Latest Stock Report on Raymond James

Raymond James Stock Down 0.2 %

Raymond James stock opened at $123.39 on Friday. Raymond James has a 12 month low of $88.81 and a 12 month high of $131.19. The stock has a fifty day simple moving average of $125.14 and a two-hundred day simple moving average of $116.10. The company has a current ratio of 1.01, a quick ratio of 0.98 and a debt-to-equity ratio of 0.43. The firm has a market cap of $25.58 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 0.84 and a beta of 1.03.

Raymond James (NYSE:RJF – Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $2.31 EPS for the quarter, missing the consensus estimate of $2.32 by ($0.01). Raymond James had a return on equity of 17.94% and a net margin of 12.72%. The business had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter in the previous year, the business posted $2.03 earnings per share. Raymond James’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts predict that Raymond James will post 9.53 EPS for the current fiscal year.

Raymond James Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, June 28th. This represents a $1.80 annualized dividend and a dividend yield of 1.46%. Raymond James’s payout ratio is 21.77%.

Raymond James Profile

(Free Report)

Raymond James Financial, Inc, a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments.

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May 24, 2024
Apexium Financial LP Increases Holdings in Alphabet Inc. (NASDAQ:GOOGL)

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Apexium Financial LP lifted its position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 77.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,856 shares of the information services provider’s stock after purchasing an additional 20,957 shares during the quarter. Apexium Financial LP’s holdings in Alphabet were worth $6,685,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Aire Advisors LLC boosted its stake in shares of Alphabet by 0.6% in the fourth quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock worth $1,645,000 after acquiring an additional 68 shares during the last quarter. Defined Wealth Management LLC boosted its stake in Alphabet by 2.9% during the fourth quarter. Defined Wealth Management LLC now owns 2,531 shares of the information services provider’s stock worth $354,000 after buying an additional 71 shares during the last quarter. WealthCare Investment Partners LLC boosted its stake in Alphabet by 2.1% during the fourth quarter. WealthCare Investment Partners LLC now owns 3,473 shares of the information services provider’s stock worth $482,000 after buying an additional 71 shares during the last quarter. Peoples Financial Services CORP. boosted its stake in Alphabet by 0.4% during the fourth quarter. Peoples Financial Services CORP. now owns 16,690 shares of the information services provider’s stock worth $2,331,000 after buying an additional 72 shares during the last quarter. Finally, RAM Investment Partners LLC boosted its stake in Alphabet by 1.0% during the fourth quarter. RAM Investment Partners LLC now owns 7,550 shares of the information services provider’s stock worth $1,055,000 after buying an additional 73 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Trading Up 0.5 %

GOOGL opened at $177.85 on Wednesday. The business has a fifty day moving average price of $158.79 and a 200 day moving average price of $145.98. The stock has a market capitalization of $2.20 trillion, a price-to-earnings ratio of 27.28, a PEG ratio of 1.35 and a beta of 1.02. Alphabet Inc. has a 12 month low of $115.35 and a 12 month high of $178.77. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15.

Alphabet (NASDAQ:GOOGL – Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. The business had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same period in the prior year, the firm posted $1.17 EPS. Sell-side analysts expect that Alphabet Inc. will post 7.61 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.45%.

Analysts Set New Price Targets

A number of research firms have weighed in on GOOGL. BMO Capital Markets reissued an “outperform” rating and set a $215.00 price objective on shares of Alphabet in a research note on Wednesday, May 15th. Truist Financial boosted their price objective on Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Needham & Company LLC lifted their target price on Alphabet from $160.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Jefferies Financial Group lifted their target price on Alphabet from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, Morgan Stanley restated an “overweight” rating and issued a $195.00 target price on shares of Alphabet in a research report on Wednesday, May 15th. Five analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $190.60.

Get Our Latest Report on Alphabet

Insider Transactions at Alphabet

In related news, SVP Prabhakar Raghavan sold 3,258 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $155.97, for a total value of $508,150.26. Following the completion of the sale, the senior vice president now directly owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP Prabhakar Raghavan sold 3,258 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $155.97, for a total value of $508,150.26. Following the completion of the sale, the senior vice president now directly owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $136.49, for a total value of $93,086.18. Following the completion of the sale, the chief accounting officer now directly owns 28,602 shares of the company’s stock, valued at $3,903,886.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 205,935 shares of company stock valued at $31,178,987. 11.55% of the stock is currently owned by corporate insiders.

Alphabet Company 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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May 22, 2024
JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Fairhaven Wealth Management LLC

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Fairhaven Wealth Management LLC trimmed its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,010 shares of the financial services provider’s stock after selling 383 shares during the quarter. JPMorgan Chase & Co. comprises 1.9% of Fairhaven Wealth Management LLC’s investment portfolio, making the stock its 11th biggest holding. Fairhaven Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $5,105,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in JPM. Etfidea LLC raised its stake in shares of JPMorgan Chase & Co. by 5.4% during the 4th quarter. Etfidea LLC now owns 1,937 shares of the financial services provider’s stock worth $329,000 after buying an additional 100 shares in the last quarter. TKG Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 97.6% during the 3rd quarter. TKG Advisors LLC now owns 13,205 shares of the financial services provider’s stock worth $1,915,000 after purchasing an additional 6,521 shares during the period. Sutton Place Investors LLC lifted its stake in shares of JPMorgan Chase & Co. by 179.5% in the fourth quarter. Sutton Place Investors LLC now owns 13,099 shares of the financial services provider’s stock valued at $2,228,000 after purchasing an additional 8,412 shares during the period. Allen Investment Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 15.8% in the third quarter. Allen Investment Management LLC now owns 174,738 shares of the financial services provider’s stock valued at $25,341,000 after purchasing an additional 23,894 shares during the period. Finally, Breakwater Capital Group boosted its holdings in JPMorgan Chase & Co. by 12.3% during the third quarter. Breakwater Capital Group now owns 8,558 shares of the financial services provider’s stock worth $1,189,000 after buying an additional 934 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.74, for a total transaction of $716,340.80. Following the completion of the sale, the insider now owns 44,996 shares in the company, valued at approximately $8,222,569.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other JPMorgan Chase & Co. news, CEO Marianne Lake sold 11,734 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $200.02, for a total value of $2,347,034.68. Following the completion of the transaction, the chief executive officer now owns 122,740 shares of the company’s stock, valued at $24,550,454.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.74, for a total transaction of $716,340.80. Following the sale, the insider now directly owns 44,996 shares of the company’s stock, valued at approximately $8,222,569.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,071,414 shares of company stock valued at $196,746,504. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Up 1.1 %

NYSE JPM opened at $204.79 on Monday. The stock has a market cap of $588.09 billion, a P/E ratio of 12.37, a PEG ratio of 2.52 and a beta of 1.13. The company’s fifty day simple moving average is $193.84 and its 200-day simple moving average is $176.60. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 52 week low of $134.40 and a 52 week high of $205.05.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.45. The firm had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. Equities research analysts predict that JPMorgan Chase & Co. will post 16.22 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were paid a $1.15 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $4.60 annualized dividend and a dividend yield of 2.25%. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on JPM shares. BMO Capital Markets decreased their price target on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research note on Monday, April 15th. Jefferies Financial Group lifted their price objective on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Piper Sandler lowered their target price on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Morgan Stanley cut their price target on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Finally, UBS Group dropped their target price on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.05.

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JPMorgan Chase & Co. Company Profile

(Free Report)

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.

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May 20, 2024
Montag A & Associates Inc. Has $18.37 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

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Montag A & Associates Inc. raised its holdings in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 1.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 131,527 shares of the information services provider’s stock after buying an additional 1,831 shares during the quarter. Alphabet accounts for about 1.0% of Montag A & Associates Inc.’s investment portfolio, making the stock its 22nd largest position. Montag A & Associates Inc.’s holdings in Alphabet were worth $18,373,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. bought a new position in Alphabet during the fourth quarter valued at about $38,000. Meritage Group LP grew its holdings in shares of Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after purchasing an additional 276 shares in the last quarter. Macroview Investment Management LLC increased its position in shares of Alphabet by 165.8% during the third quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock valued at $42,000 after purchasing an additional 199 shares during the period. Armor Investment Advisors LLC raised its stake in shares of Alphabet by 31.0% in the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 80 shares in the last quarter. Finally, IAG Wealth Partners LLC lifted its position in Alphabet by 55.9% in the fourth quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock worth $48,000 after purchasing an additional 123 shares during the period. 40.03% of the stock is owned by institutional investors.

Alphabet Price Performance

Shares of GOOGL stock opened at $174.18 on Friday. The firm’s 50 day moving average price is $156.41 and its two-hundred day moving average price is $144.66. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. Alphabet Inc. has a 52-week low of $115.35 and a 52-week high of $175.12. The stock has a market cap of $2.15 trillion, a PE ratio of 26.71, a PEG ratio of 1.30 and a beta of 1.02.

Alphabet (NASDAQ:GOOGL – Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The company had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $66.04 billion. During the same quarter in the prior year, the business posted $1.17 EPS. As a group, analysts forecast that Alphabet Inc. will post 7.57 EPS for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Monday, June 10th.

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 2,100 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $175.76, for a total value of $369,096.00. Following the sale, the director now directly owns 5,891 shares in the company, valued at approximately $1,035,402.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $136.49, for a total transaction of $93,086.18. Following the sale, the chief accounting officer now owns 28,602 shares of the company’s stock, valued at $3,903,886.98. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John L. Hennessy sold 2,100 shares of Alphabet stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $175.76, for a total value of $369,096.00. Following the transaction, the director now owns 5,891 shares in the company, valued at approximately $1,035,402.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 276,511 shares of company stock worth $41,234,695. 0.88% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GOOGL. Wolfe Research increased their price objective on shares of Alphabet from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. KeyCorp increased their price target on shares of Alphabet from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. BMO Capital Markets reaffirmed an “outperform” rating and set a $215.00 price objective on shares of Alphabet in a report on Wednesday. Citigroup increased their target price on Alphabet from $168.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $195.00 price target on shares of Alphabet in a research note on Wednesday. Five analysts have rated the stock with a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $190.60.

Check Out Our Latest Research 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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May 17, 2024
Versor Investments LP Sells 3,900 Shares of Helmerich & Payne, Inc. (NYSE:HP)

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Versor Investments LP cut its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP – Free Report) by 32.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,181 shares of the oil and gas company’s stock after selling 3,900 shares during the quarter. Versor Investments LP’s holdings in Helmerich & Payne were worth $296,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Principal Securities Inc. acquired a new position in shares of Helmerich & Payne in the 4th quarter valued at approximately $35,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Helmerich & Payne by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 910,432 shares of the oil and gas company’s stock worth $32,976,000 after buying an additional 21,490 shares in the last quarter. LSV Asset Management grew its position in Helmerich & Payne by 11,750.0% during the fourth quarter. LSV Asset Management now owns 568,800 shares of the oil and gas company’s stock worth $20,602,000 after buying an additional 564,000 shares in the last quarter. M&T Bank Corp grew its stake in Helmerich & Payne by 5.7% during the fourth quarter. M&T Bank Corp now owns 8,510 shares of the oil and gas company’s stock worth $308,000 after buying an additional 457 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Helmerich & Payne by 8.7% in the 4th quarter. Victory Capital Management Inc. now owns 2,628,685 shares of the oil and gas company’s stock valued at $95,211,000 after purchasing an additional 210,321 shares in the last quarter. 96.05% of the stock is currently owned by institutional investors.

Helmerich & Payne Stock Up 0.7 %

Helmerich & Payne stock opened at $39.02 on Wednesday. The company has a current ratio of 2.16, a quick ratio of 1.92 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 11.15, a P/E/G ratio of 1.87 and a beta of 1.51. Helmerich & Payne, Inc. has a 1-year low of $30.69 and a 1-year high of $46.55. The firm has a 50 day simple moving average of $40.81 and a 200 day simple moving average of $38.41.

Helmerich & Payne (NYSE:HP – Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.01). The business had revenue of $687.94 million for the quarter, compared to analysts’ expectations of $682.51 million. Helmerich & Payne had a return on equity of 13.21% and a net margin of 12.84%. The firm’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.26 EPS. On average, analysts predict that Helmerich & Payne, Inc. will post 3.56 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.31%. Helmerich & Payne’s dividend payout ratio (DPR) is currently 28.57%.

Analysts Set New Price Targets

HP has been the subject of a number of recent research reports. Citigroup upped their target price on Helmerich & Payne from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Piper Sandler decreased their target price on Helmerich & Payne from $44.00 to $39.00 and set a “neutral” rating for the company in a research note on Monday, May 6th. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research note on Thursday, April 25th. Susquehanna lowered their target price on Helmerich & Payne from $52.00 to $50.00 and set a “positive” rating on the stock in a research report on Friday, April 26th. Finally, Royal Bank of Canada lifted their price objective on shares of Helmerich & Payne from $46.00 to $48.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Helmerich & Payne presently has a consensus rating of “Hold” and an average target price of $42.00.

Get Our Latest Stock Analysis on Helmerich & Payne

Insider Buying and Selling

In other Helmerich & Payne news, SVP Cara M. Hair sold 9,910 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $40.22, for a total value of $398,580.20. Following the completion of the sale, the senior vice president now directly owns 137,764 shares in the company, valued at $5,540,868.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Helmerich & Payne news, CFO Mark W. Smith sold 16,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $40.49, for a total transaction of $647,840.00. Following the transaction, the chief financial officer now owns 144,870 shares in the company, valued at approximately $5,865,786.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Cara M. Hair sold 9,910 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $40.22, for a total value of $398,580.20. Following the completion of the transaction, the senior vice president now owns 137,764 shares in the company, valued at $5,540,868.08. The disclosure for this sale can be found here. 4.38% of the stock is owned by insiders.

Helmerich & Payne Profile

(Free Report)

Founded in 1920, Helmerich & Payne, Inc (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders.

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May 15, 2024
Benjamin F. Edwards & Company Inc. Takes Position in Tapestry, Inc. (NYSE:TPR)

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Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Tapestry, Inc. (NYSE:TPR – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,192 shares of the luxury accessories retailer’s stock, valued at approximately $117,000.

A number of other hedge funds also recently bought and sold shares of TPR. Vanguard Group Inc. grew its holdings in shares of Tapestry by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 31,554,418 shares of the luxury accessories retailer’s stock valued at $907,190,000 after purchasing an additional 173,111 shares during the last quarter. FMR LLC grew its position in Tapestry by 2.0% during the 3rd quarter. FMR LLC now owns 14,018,492 shares of the luxury accessories retailer’s stock worth $403,032,000 after acquiring an additional 280,959 shares during the last quarter. Victory Capital Management Inc. increased its stake in Tapestry by 4.7% in the 3rd quarter. Victory Capital Management Inc. now owns 6,823,763 shares of the luxury accessories retailer’s stock worth $196,183,000 after purchasing an additional 305,658 shares during the period. Ninety One UK Ltd lifted its position in Tapestry by 12.7% in the fourth quarter. Ninety One UK Ltd now owns 5,321,308 shares of the luxury accessories retailer’s stock valued at $195,877,000 after purchasing an additional 597,715 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Tapestry by 28.2% in the third quarter. Ameriprise Financial Inc. now owns 5,249,047 shares of the luxury accessories retailer’s stock worth $150,916,000 after purchasing an additional 1,154,808 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on TPR. StockNews.com raised shares of Tapestry from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Jefferies Financial Group cut Tapestry from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a research note on Thursday, February 29th. Raymond James increased their price objective on Tapestry from $40.00 to $44.00 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. OTR Global reissued a “mixed” rating on shares of Tapestry in a research note on Wednesday, April 17th. Finally, JPMorgan Chase & Co. dropped their price target on Tapestry from $56.00 to $54.00 and set an “overweight” rating for the company in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Tapestry currently has an average rating of “Moderate Buy” and an average price target of $48.71.

View Our Latest Stock Report on TPR

Tapestry Trading Down 0.7 %

NYSE TPR opened at $40.07 on Friday. The stock’s fifty day moving average price is $43.49 and its 200-day moving average price is $38.80. The company has a current ratio of 6.59, a quick ratio of 5.68 and a debt-to-equity ratio of 2.77. The stock has a market cap of $9.19 billion, a P/E ratio of 10.60, a P/E/G ratio of 0.83 and a beta of 1.61. Tapestry, Inc. has a 12 month low of $25.99 and a 12 month high of $48.80.

Tapestry (NYSE:TPR – Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The luxury accessories retailer reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.14. Tapestry had a net margin of 13.15% and a return on equity of 39.78%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, equities analysts forecast that Tapestry, Inc. will post 4.23 EPS for the current fiscal year.

Tapestry Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, June 7th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Friday, June 7th. Tapestry’s dividend payout ratio is currently 37.04%.

About Tapestry

(Free Report)

Tapestry, Inc provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women’s handbags; and women’s accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms.

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May 12, 2024
Amalgamated Bank Has $2.99 Million Holdings in Fabrinet (NYSE:FN)

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Amalgamated Bank trimmed its position in Fabrinet (NYSE:FN – Free Report) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,702 shares of the technology company’s stock after selling 627 shares during the quarter. Amalgamated Bank’s holdings in Fabrinet were worth $2,989,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Park Place Capital Corp bought a new position in Fabrinet in the fourth quarter valued at about $26,000. Salem Investment Counselors Inc. bought a new position in Fabrinet in the fourth quarter valued at approximately $29,000. GAMMA Investing LLC acquired a new stake in Fabrinet during the 4th quarter worth $34,000. Orion Capital Management LLC bought a new stake in shares of Fabrinet during the 3rd quarter valued at $47,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in shares of Fabrinet in the 4th quarter valued at $52,000. 97.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FN has been the subject of a number of recent analyst reports. B. Riley dropped their price objective on Fabrinet from $173.00 to $171.00 and set a “neutral” rating for the company in a report on Tuesday. Rosenblatt Securities reissued a “buy” rating and set a $230.00 price objective on shares of Fabrinet in a research note on Tuesday, February 6th. Northland Securities raised shares of Fabrinet from a “market perform” rating to an “outperform” rating and upped their target price for the company from $200.00 to $220.00 in a research note on Thursday, March 21st. JPMorgan Chase & Co. lifted their price target on shares of Fabrinet from $210.00 to $212.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $220.00 price target on shares of Fabrinet in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $161.00.

Check Out Our Latest Analysis on Fabrinet

Fabrinet Trading Up 2.2 %

FN stock opened at $222.71 on Friday. The stock has a 50-day moving average price of $190.05 and a two-hundred day moving average price of $186.58. Fabrinet has a 1 year low of $90.19 and a 1 year high of $229.02. The stock has a market cap of $8.09 billion, a PE ratio of 29.58 and a beta of 1.04.

Insider Transactions at Fabrinet

In other news, Director Rollance E. Olson sold 10,000 shares of Fabrinet stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $205.52, for a total value of $2,055,200.00. Following the sale, the director now directly owns 25,981 shares in the company, valued at $5,339,615.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.51% of the stock is owned by insiders.

Fabrinet Profile

(Free Report)

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing.

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May 11, 2024
Cloudflare, Inc. (NYSE:NET) Shares Purchased by Truist Financial Corp

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Truist Financial Corp boosted its position in Cloudflare, Inc. (NYSE:NET – Free Report) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,388 shares of the company’s stock after acquiring an additional 331 shares during the quarter. Truist Financial Corp’s holdings in Cloudflare were worth $2,364,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Yousif Capital Management LLC boosted its holdings in Cloudflare by 4.0% in the fourth quarter. Yousif Capital Management LLC now owns 3,399 shares of the company’s stock valued at $283,000 after acquiring an additional 130 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in Cloudflare by 0.5% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 27,358 shares of the company’s stock valued at $2,278,000 after acquiring an additional 132 shares during the last quarter. Quent Capital LLC boosted its holdings in Cloudflare by 8.1% in the fourth quarter. Quent Capital LLC now owns 1,877 shares of the company’s stock valued at $156,000 after acquiring an additional 140 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Cloudflare by 1.2% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 19,736 shares of the company’s stock valued at $1,244,000 after purchasing an additional 239 shares during the period. Finally, Profund Advisors LLC raised its position in Cloudflare by 1.2% in the third quarter. Profund Advisors LLC now owns 21,982 shares of the company’s stock valued at $1,386,000 after purchasing an additional 251 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on NET. DZ Bank raised Cloudflare from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a research report on Tuesday. Susquehanna cut their price objective on Cloudflare from $115.00 to $80.00 and set a “neutral” rating on the stock in a research report on Monday. Bank of America raised their price objective on Cloudflare from $52.00 to $60.00 and gave the company an “underperform” rating in a research report on Friday, May 3rd. Oppenheimer cut their price objective on Cloudflare from $122.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. Finally, Truist Financial raised their price objective on Cloudflare from $90.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Cloudflare currently has an average rating of “Hold” and a consensus target price of $89.48.

Check Out Our Latest Research Report on NET

Insider Transactions at Cloudflare

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $94.59, for a total value of $4,955,002.56. Following the completion of the sale, the chief executive officer now directly owns 12,183 shares in the company, valued at $1,152,389.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Cloudflare news, Director Carl Ledbetter sold 44,220 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $100.16, for a total value of $4,429,075.20. Following the completion of the sale, the director now directly owns 1,363,066 shares in the company, valued at $136,524,690.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew Prince sold 52,384 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $94.59, for a total value of $4,955,002.56. Following the completion of the sale, the chief executive officer now owns 12,183 shares of the company’s stock, valued at $1,152,389.97. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,141,153 shares of company stock worth $108,765,387. Company insiders own 12.83% of the company’s stock.

Cloudflare Stock Performance

Shares of NYSE NET opened at $72.45 on Thursday. The company has a current ratio of 3.51, a quick ratio of 3.51 and a debt-to-equity ratio of 1.61. The stock has a 50 day simple moving average of $92.19 and a 200-day simple moving average of $83.85. The company has a market cap of $24.46 billion, a PE ratio of -136.70 and a beta of 1.15. Cloudflare, Inc. has a 12-month low of $45.47 and a 12-month high of $116.00.

Cloudflare (NYSE:NET – Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.01. The business had revenue of $362.47 million during the quarter, compared to the consensus estimate of $352.70 million. Cloudflare had a negative return on equity of 12.78% and a negative net margin of 13.10%. On average, equities research analysts forecast that Cloudflare, Inc. will post -0.2 EPS for the current year.

About Cloudflare

(Free Report)

Cloudflare, Inc operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices; and website and application security products comprising web application firewall, bot management, distributed denial of service, API gateways, SSL/TLS encryption, script management, security center, and rate limiting products.

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May 9, 2024