Tag: Institutional Investor Holdings

Invesco QQQ Trust (NASDAQ:QQQ) Shares Sold by FinTrust Capital Advisors LLC

FinTrust Capital Advisors LLC trimmed its position in Invesco QQQ Trust (NASDAQ:QQQ – Get Rating) by 18.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 435 shares of the exchange traded fund’s stock after selling 100 shares during the period. FinTrust Capital Advisors LLC’s holdings in Invesco QQQ Trust were worth $118,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. PrairieView Partners LLC raised its stake in shares of Invesco QQQ Trust by 419.0% in the 2nd quarter. PrairieView Partners LLC now owns 109 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 88 shares during the period. Birch Capital Management LLC purchased a new stake in Invesco QQQ Trust during the 2nd quarter worth approximately $35,000. Moisand Fitzgerald Tamayo LLC increased its stake in Invesco QQQ Trust by 356.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 146 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 114 shares during the period. Hoese & Co LLP increased its stake in Invesco QQQ Trust by 153.8% during the 3rd quarter. Hoese & Co LLP now owns 165 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 100 shares during the period. Finally, Piscataqua Savings Bank purchased a new stake in Invesco QQQ Trust during the 2nd quarter worth approximately $45,000. 43.08% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trust Stock Down 1.3 %

Shares of QQQ opened at $260.10 on Thursday. Invesco QQQ Trust has a fifty-two week low of $254.26 and a fifty-two week high of $403.57. The firm’s 50 day moving average price is $278.50 and its 200 day moving average price is $288.62.

Invesco QQQ Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Shareholders of record on Tuesday, December 20th were given a $0.655 dividend. The ex-dividend date was Monday, December 19th. This is an increase from Invesco QQQ Trust’s previous quarterly dividend of $0.52. This represents a $2.62 dividend on an annualized basis and a dividend yield of 1.01%.

About Invesco QQQ Trust

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PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

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December 29, 2022
Triangle Securities Wealth Management Raises Position in Target Co. (NYSE:TGT)

Triangle Securities Wealth Management lifted its stake in Target Co. (NYSE:TGT – Get Rating) by 1.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,069 shares of the retailer’s stock after purchasing an additional 134 shares during the period. Triangle Securities Wealth Management’s holdings in Target were worth $1,049,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Blume Capital Management Inc. purchased a new position in shares of Target during the 1st quarter valued at about $25,000. Operose Advisors LLC raised its stake in Target by 55.8% during the 1st quarter. Operose Advisors LLC now owns 187 shares of the retailer’s stock worth $40,000 after acquiring an additional 67 shares during the period. HHM Wealth Advisors LLC lifted its holdings in Target by 75.6% during the second quarter. HHM Wealth Advisors LLC now owns 209 shares of the retailer’s stock valued at $30,000 after purchasing an additional 90 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Target by 83.3% in the first quarter. EverSource Wealth Advisors LLC now owns 220 shares of the retailer’s stock worth $47,000 after purchasing an additional 100 shares during the period. Finally, EdgeRock Capital LLC bought a new stake in shares of Target during the 3rd quarter valued at $34,000. 78.86% of the stock is currently owned by hedge funds and other institutional investors.

Target Price Performance

Target stock opened at $143.15 on Monday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.86 and a quick ratio of 0.14. The stock has a market cap of $65.89 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 2.62 and a beta of 1.01. The firm has a 50-day moving average of $158.48 and a two-hundred day moving average of $157.27. Target Co. has a 1 year low of $137.16 and a 1 year high of $254.87.

Target (NYSE:TGT – Get Rating) last announced its quarterly earnings results on Wednesday, November 16th. The retailer reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.61). The firm had revenue of $26.12 billion during the quarter, compared to analysts’ expectations of $26.40 billion. Target had a net margin of 3.17% and a return on equity of 30.51%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.03 EPS. On average, research analysts forecast that Target Co. will post 5.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on TGT. Deutsche Bank Aktiengesellschaft lowered Target from a “buy” rating to a “hold” rating and cut their price target for the stock from $183.00 to $144.00 in a research note on Thursday, November 17th. StockNews.com assumed coverage on Target in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. The Goldman Sachs Group cut their price objective on shares of Target from $205.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, November 17th. BMO Capital Markets downgraded shares of Target from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $190.00 to $165.00 in a report on Thursday, November 17th. Finally, Gordon Haskett cut shares of Target from a “buy” rating to a “hold” rating and set a $132.00 target price for the company. in a research note on Wednesday, December 21st. Eleven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.64.

Target Company Profile

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Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials.

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December 26, 2022
Perfromance Wealth Partners LLC Has $3.21 Million Holdings in The Coca-Cola Company (NYSE:KO)

Perfromance Wealth Partners LLC lifted its holdings in The Coca-Cola Company (NYSE:KO – Get Rating) by 94.6% during the 3rd quarter, Holdings Channel reports. The fund owned 57,379 shares of the company’s stock after acquiring an additional 27,894 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in Coca-Cola were worth $3,214,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Horizons Wealth Management acquired a new position in shares of Coca-Cola in the 2nd quarter worth approximately $34,000. LFA Lugano Financial Advisors SA acquired a new position in Coca-Cola during the 2nd quarter worth $34,000. Corbenic Partners LLC lifted its holdings in Coca-Cola by 626.2% during the 2nd quarter. Corbenic Partners LLC now owns 915 shares of the company’s stock worth $58,000 after buying an additional 789 shares in the last quarter. Orion Capital Management LLC acquired a new position in Coca-Cola during the 2nd quarter worth $63,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in Coca-Cola during the 1st quarter worth $73,000. 68.74% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Coca-Cola news, insider Brian John Smith sold 94,200 shares of the stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $63.02, for a total transaction of $5,936,484.00. Following the completion of the transaction, the insider now owns 116,168 shares in the company, valued at approximately $7,320,907.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Brian John Smith sold 94,200 shares of the stock in a transaction dated Friday, December 16th. The shares were sold at an average price of $63.02, for a total transaction of $5,936,484.00. Following the completion of the transaction, the insider now directly owns 116,168 shares in the company, valued at approximately $7,320,907.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Nancy Quan sold 13,746 shares of the stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $61.12, for a total transaction of $840,155.52. Following the transaction, the senior vice president now owns 184,710 shares of the company’s stock, valued at $11,289,475.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 150,014 shares of company stock worth $9,336,898. Corporate insiders own 0.98% of the company’s stock.

Coca-Cola Price Performance

KO opened at $63.80 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.45. The Coca-Cola Company has a 12 month low of $54.01 and a 12 month high of $67.20. The company has a fifty day simple moving average of $60.81 and a 200 day simple moving average of $61.22. The stock has a market cap of $275.90 billion, a P/E ratio of 27.86, a P/E/G ratio of 4.07 and a beta of 0.59.

Coca-Cola (NYSE:KO – Get Rating) last released its earnings results on Tuesday, October 25th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Coca-Cola had a return on equity of 42.75% and a net margin of 23.44%. On average, research analysts expect that The Coca-Cola Company will post 2.48 EPS for the current year.

Coca-Cola Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date was Wednesday, November 30th. Coca-Cola’s dividend payout ratio (DPR) is presently 76.86%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on KO shares. Morgan Stanley reduced their price objective on Coca-Cola from $74.00 to $68.00 and set an “overweight” rating on the stock in a report on Tuesday, October 4th. HSBC upped their price objective on Coca-Cola from $72.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, September 6th. Wedbush began coverage on Coca-Cola in a report on Monday, October 10th. They set an “outperform” rating and a $63.00 price objective on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Coca-Cola from $59.00 to $62.00 and gave the company a “hold” rating in a research report on Tuesday, December 6th. Finally, Wolfe Research began coverage on shares of Coca-Cola in a research report on Tuesday, October 11th. They set an “outperform” rating and a $63.00 target price for the company. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola currently has an average rating of “Moderate Buy” and an average target price of $66.90.

Coca-Cola Profile

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The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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December 22, 2022
LVW Advisors LLC Acquires 659 Shares of NextEra Energy, Inc. (NYSE:NEE)

LVW Advisors LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE – Get Rating) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,614 shares of the utilities provider’s stock after purchasing an additional 659 shares during the period. LVW Advisors LLC’s holdings in NextEra Energy were worth $2,949,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Hoey Investments Inc. purchased a new stake in NextEra Energy in the 2nd quarter valued at about $26,000. Urban Wealth Management LLC purchased a new stake in shares of NextEra Energy in the second quarter valued at approximately $28,000. SRS Capital Advisors Inc. grew its stake in NextEra Energy by 70.8% in the second quarter. SRS Capital Advisors Inc. now owns 386 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 160 shares in the last quarter. Ellevest Inc. increased its holdings in NextEra Energy by 51.3% during the 2nd quarter. Ellevest Inc. now owns 475 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 161 shares during the period. Finally, Eagle Bay Advisors LLC bought a new stake in NextEra Energy during the 2nd quarter valued at $41,000. Hedge funds and other institutional investors own 76.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NEE shares. KeyCorp dropped their price target on NextEra Energy from $93.00 to $89.00 and set an “overweight” rating on the stock in a research report on Thursday, October 20th. Morgan Stanley raised their target price on shares of NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, December 15th. Guggenheim lowered their price target on shares of NextEra Energy from $108.00 to $99.00 in a research report on Monday, October 24th. UBS Group cut their price objective on shares of NextEra Energy to $109.00 in a report on Tuesday, September 6th. Finally, Wells Fargo & Company upped their target price on NextEra Energy from $100.00 to $105.00 in a report on Wednesday, December 14th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $93.60.

Insider Buying and Selling

In other news, EVP Robert Coffey sold 2,908 shares of the stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $78.19, for a total value of $227,376.52. Following the transaction, the executive vice president now directly owns 11,489 shares of the company’s stock, valued at $898,324.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Miguel Arechabala sold 12,478 shares of the company’s stock in a transaction on Monday, December 12th. The shares were sold at an average price of $85.89, for a total value of $1,071,735.42. Following the sale, the executive vice president now directly owns 24,710 shares of the company’s stock, valued at approximately $2,122,341.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert Coffey sold 2,908 shares of the firm’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $78.19, for a total transaction of $227,376.52. Following the transaction, the executive vice president now directly owns 11,489 shares of the company’s stock, valued at approximately $898,324.91. The disclosure for this sale can be found here. Insiders sold 46,617 shares of company stock worth $3,962,217 in the last 90 days. Insiders own 0.43% of the company’s stock.

NextEra Energy Stock Down 0.7 %

Shares of NEE stock opened at $83.52 on Tuesday. The stock’s fifty day moving average price is $80.51 and its 200 day moving average price is $81.76. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.46 and a quick ratio of 0.40. NextEra Energy, Inc. has a 1-year low of $67.22 and a 1-year high of $93.73. The company has a market cap of $165.97 billion, a price-to-earnings ratio of 43.05, a price-to-earnings-growth ratio of 3.03 and a beta of 0.48.

NextEra Energy (NYSE:NEE – Get Rating) last posted its quarterly earnings data on Friday, October 28th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.06. The firm had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $5.77 billion. NextEra Energy had a net margin of 19.30% and a return on equity of 12.27%. The company’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.75 earnings per share. On average, research analysts expect that NextEra Energy, Inc. will post 2.89 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Friday, November 25th were given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Wednesday, November 23rd. NextEra Energy’s payout ratio is 87.63%.

NextEra Energy Company Profile

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NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, coal, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

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December 20, 2022
Intel Co. (NASDAQ:INTC) Shares Sold by Acropolis Investment Management LLC

Acropolis Investment Management LLC lessened its position in shares of Intel Co. (NASDAQ:INTC – Get Rating) by 4.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,745 shares of the chip maker’s stock after selling 1,703 shares during the quarter. Acropolis Investment Management LLC’s holdings in Intel were worth $947,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. Apeiron RIA LLC acquired a new stake in shares of Intel during the 2nd quarter valued at about $26,000. Steward Financial Group LLC grew its holdings in Intel by 667.0% in the second quarter. Steward Financial Group LLC now owns 790 shares of the chip maker’s stock valued at $29,000 after purchasing an additional 687 shares during the period. Grayhawk Investment Strategies Inc. purchased a new stake in shares of Intel in the second quarter valued at approximately $36,000. Marshall & Sullivan Inc. WA acquired a new position in shares of Intel during the 2nd quarter worth approximately $37,000. Finally, Lowe Wealth Advisors LLC lifted its position in shares of Intel by 1,352.0% during the 2nd quarter. Lowe Wealth Advisors LLC now owns 1,089 shares of the chip maker’s stock valued at $41,000 after buying an additional 1,014 shares in the last quarter. Hedge funds and other institutional investors own 61.52% of the company’s stock.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of research analyst reports. Northland Securities reduced their price objective on shares of Intel from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Monday, October 10th. Morgan Stanley decreased their price target on shares of Intel from $36.00 to $29.50 and set an “underweight” rating on the stock in a research note on Friday, October 28th. StockNews.com started coverage on Intel in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft decreased their target price on Intel from $35.00 to $32.00 and set a “hold” rating on the stock in a research report on Tuesday, October 18th. Finally, The Goldman Sachs Group set a $24.00 price target on Intel in a research report on Tuesday, December 13th. Nine analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $32.71.

Intel Stock Performance

Shares of Intel stock opened at $26.92 on Friday. The firm has a market cap of $111.10 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 1.93 and a beta of 0.75. The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 0.37. Intel Co. has a 52 week low of $24.59 and a 52 week high of $56.28. The business’s fifty day simple moving average is $28.16 and its 200-day simple moving average is $32.59.

Intel (NASDAQ:INTC – Get Rating) last posted its earnings results on Thursday, October 27th. The chip maker reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.25. Intel had a net margin of 19.13% and a return on equity of 11.67%. The company had revenue of $15.34 billion for the quarter, compared to analysts’ expectations of $15.49 billion. Equities analysts forecast that Intel Co. will post 1.95 earnings per share for the current year.

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger bought 8,830 shares of the company’s stock in a transaction that occurred on Monday, October 31st. The stock was purchased at an average price of $28.16 per share, for a total transaction of $248,652.80. Following the acquisition, the chief executive officer now owns 96,049 shares of the company’s stock, valued at $2,704,739.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Intel news, Director Lip Bu Tan acquired 1,854 shares of the stock in a transaction dated Friday, November 4th. The stock was acquired at an average price of $27.49 per share, with a total value of $50,966.46. Following the completion of the purchase, the director now owns 2,354 shares in the company, valued at approximately $64,711.46. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger bought 8,830 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The shares were acquired at an average cost of $28.16 per share, for a total transaction of $248,652.80. Following the completion of the purchase, the chief executive officer now owns 96,049 shares in the company, valued at $2,704,739.84. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 58,830 shares of company stock worth $1,646,744. 0.02% of the stock is currently owned by insiders.

Intel Company Profile

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Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

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December 18, 2022
Carret Asset Management LLC Has $1.21 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

Carret Asset Management LLC lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 209.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,578 shares of the electric vehicle producer’s stock after purchasing an additional 3,099 shares during the quarter. Carret Asset Management LLC’s holdings in Tesla were worth $1,214,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Axiom Financial Strategies LLC raised its position in Tesla by 9.8% in the 1st quarter. Axiom Financial Strategies LLC now owns 906 shares of the electric vehicle producer’s stock valued at $777,000 after buying an additional 81 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Tesla by 19.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,001,923 shares of the electric vehicle producer’s stock valued at $1,079,672,000 after purchasing an additional 164,789 shares during the period. MAS Advisors LLC grew its stake in Tesla by 25.7% in the 1st quarter. MAS Advisors LLC now owns 396 shares of the electric vehicle producer’s stock valued at $433,000 after purchasing an additional 81 shares during the period. Aaron Wealth Advisors LLC grew its stake in Tesla by 116,334.1% in the 1st quarter. Aaron Wealth Advisors LLC now owns 752,164 shares of the electric vehicle producer’s stock valued at $698,000 after purchasing an additional 751,518 shares during the period. Finally, Keebeck Alpha LP bought a new position in Tesla in the 1st quarter valued at $279,000. 43.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TSLA has been the subject of a number of recent analyst reports. TheStreet downgraded Tesla from a “b-” rating to a “c+” rating in a research note on Tuesday, November 1st. Loop Capital increased their price target on Tesla to $33.33 in a research note on Monday, August 22nd. Wells Fargo & Company cut their price target on Tesla from $280.00 to $230.00 and set an “equal weight” rating for the company in a research note on Friday, October 14th. Daiwa Capital Markets cut their price target on Tesla to $240.00 in a research note on Thursday, October 27th. Finally, Cowen cut their price target on Tesla from $244.00 to $205.00 and set a “market perform” rating for the company in a research note on Thursday, October 20th. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $264.91.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 1,312 shares of Tesla stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $178.07, for a total value of $233,627.84. Following the sale, the senior vice president now directly owns 64,259 shares in the company, valued at approximately $11,442,600.13. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, SVP Andrew D. Baglino sold 1,312 shares of Tesla stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $178.07, for a total transaction of $233,627.84. Following the sale, the senior vice president now directly owns 64,259 shares in the company, valued at $11,442,600.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Elon Musk sold 9,650,000 shares of Tesla stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $208.58, for a total value of $2,012,797,000.00. Following the sale, the chief executive officer now owns 455,467,432 shares in the company, valued at $95,001,396,966.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,172,831 shares of company stock worth $4,494,844,908. 25.10% of the stock is currently owned by insiders.

Tesla Price Performance

Shares of TSLA stock opened at $157.67 on Friday. The firm has a market cap of $497.88 billion, a P/E ratio of 48.71, a P/E/G ratio of 1.58 and a beta of 1.91. Tesla, Inc. has a fifty-two week low of $153.28 and a fifty-two week high of $402.67. The business’s 50 day moving average price is $197.00 and its 200-day moving average price is $241.87. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.46.

Tesla (NASDAQ:TSLA – Get Rating) last issued its quarterly earnings data on Wednesday, October 19th. The electric vehicle producer reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The firm had revenue of $21.45 billion for the quarter, compared to analyst estimates of $21.96 billion. Tesla had a return on equity of 31.10% and a net margin of 14.95%. The business’s quarterly revenue was up 55.9% compared to the same quarter last year. During the same period last year, the company earned $0.48 EPS. On average, equities research analysts anticipate that Tesla, Inc. will post 3.61 earnings per share for the current year.

Tesla Profile

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Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits.

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December 16, 2022
Phillips 66 (NYSE:PSX) Shares Acquired by Legal & General Group Plc

Legal & General Group Plc lifted its stake in shares of Phillips 66 (NYSE:PSX – Get Rating) by 12.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,843,576 shares of the oil and gas company’s stock after buying an additional 413,085 shares during the quarter. Legal & General Group Plc owned approximately 0.80% of Phillips 66 worth $315,135,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bornite Capital Management LP purchased a new stake in Phillips 66 during the first quarter worth approximately $8,639,000. B. Metzler seel. Sohn & Co. AG lifted its stake in Phillips 66 by 2.6% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 28,703 shares of the oil and gas company’s stock worth $2,479,000 after purchasing an additional 717 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Phillips 66 by 61.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 63,813 shares of the oil and gas company’s stock worth $5,513,000 after purchasing an additional 24,371 shares during the last quarter. Wealth Alliance lifted its stake in Phillips 66 by 2.9% during the first quarter. Wealth Alliance now owns 6,612 shares of the oil and gas company’s stock worth $571,000 after purchasing an additional 189 shares during the last quarter. Finally, MAI Capital Management lifted its stake in Phillips 66 by 58.9% during the first quarter. MAI Capital Management now owns 21,665 shares of the oil and gas company’s stock worth $1,872,000 after purchasing an additional 8,031 shares during the last quarter. 71.42% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Price Performance

Phillips 66 stock opened at $102.13 on Wednesday. The business has a 50 day simple moving average of $103.01 and a 200-day simple moving average of $93.59. Phillips 66 has a 12 month low of $68.57 and a 12 month high of $113.53. The stock has a market capitalization of $48.27 billion, a PE ratio of 4.67, a price-to-earnings-growth ratio of 0.28 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 1.06.

Phillips 66 (NYSE:PSX – Get Rating) last announced its quarterly earnings data on Tuesday, November 1st. The oil and gas company reported $6.46 earnings per share for the quarter, topping analysts’ consensus estimates of $4.82 by $1.64. Phillips 66 had a return on equity of 32.66% and a net margin of 6.18%. During the same quarter last year, the firm earned $3.18 EPS. Equities analysts predict that Phillips 66 will post 19.94 earnings per share for the current year.

Phillips 66 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 1st. Investors of record on Thursday, November 17th were issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend was Wednesday, November 16th. Phillips 66’s dividend payout ratio is presently 17.75%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Raymond James boosted their target price on Phillips 66 from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, November 10th. Royal Bank of Canada boosted their price objective on Phillips 66 from $119.00 to $131.00 and gave the company an “outperform” rating in a research note on Thursday, November 10th. Morgan Stanley boosted their price objective on Phillips 66 from $105.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, November 7th. Wolfe Research cut Phillips 66 from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, September 14th. Finally, StockNews.com initiated coverage on Phillips 66 in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.73.

Insider Buying and Selling

In related news, VP Joseph Scott Pruitt sold 3,000 shares of the company’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $111.86, for a total transaction of $335,580.00. Following the transaction, the vice president now owns 15,302 shares of the company’s stock, valued at $1,711,681.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.74% of the stock is currently owned by corporate insiders.

Phillips 66 Profile

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Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.

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December 14, 2022
Mather Group LLC. Acquires 835 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Mather Group LLC. lifted its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC – Get Rating) by 12.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,417 shares of the utilities provider’s stock after purchasing an additional 835 shares during the period. Mather Group LLC.’s holdings in WEC Energy Group were worth $746,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Worldquant Millennium Advisors LLC bought a new stake in shares of WEC Energy Group during the 2nd quarter worth $1,410,000. Waratah Capital Advisors Ltd. purchased a new stake in WEC Energy Group in the 2nd quarter worth about $1,122,000. CoreFirst Bank & Trust purchased a new stake in WEC Energy Group in the 2nd quarter worth about $25,000. Northern Oak Wealth Management Inc. increased its holdings in WEC Energy Group by 12.2% in the 2nd quarter. Northern Oak Wealth Management Inc. now owns 6,188 shares of the utilities provider’s stock worth $623,000 after acquiring an additional 675 shares during the last quarter. Finally, Carolinas Wealth Consulting LLC increased its holdings in WEC Energy Group by 2,080.5% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 16,463 shares of the utilities provider’s stock worth $92,000 after acquiring an additional 15,708 shares during the last quarter. 75.03% of the stock is currently owned by institutional investors.

WEC Energy Group Stock Performance

Shares of WEC opened at $95.73 on Friday. The company has a market cap of $30.20 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 3.54 and a beta of 0.36. The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 1.29. The stock has a 50-day moving average price of $91.60 and a 200-day moving average price of $97.94. WEC Energy Group, Inc. has a 12-month low of $80.82 and a 12-month high of $108.39.

WEC Energy Group (NYSE:WEC – Get Rating) last issued its quarterly earnings results on Tuesday, November 1st. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.83 billion. WEC Energy Group had a return on equity of 12.13% and a net margin of 14.94%. As a group, equities analysts forecast that WEC Energy Group, Inc. will post 4.4 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 1st. Stockholders of record on Monday, November 14th were given a dividend of $0.7275 per share. The ex-dividend date was Thursday, November 10th. This represents a $2.91 dividend on an annualized basis and a dividend yield of 3.04%. WEC Energy Group’s dividend payout ratio (DPR) is presently 66.59%.

Insider Activity

In other news, Director Glen E. Tellock bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The stock was bought at an average price of $91.39 per share, for a total transaction of $91,390.00. Following the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $91,390. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Glen E. Tellock bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The stock was bought at an average price of $91.39 per share, for a total transaction of $91,390.00. Following the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $91,390. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ulice Payne, Jr. sold 950 shares of the business’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $97.59, for a total value of $92,710.50. Following the completion of the sale, the director now owns 21,375 shares of the company’s stock, valued at approximately $2,085,986.25. The disclosure for this sale can be found here. Corporate insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on WEC. Guggenheim decreased their price objective on WEC Energy Group from $104.00 to $95.00 in a report on Monday, October 24th. Credit Suisse Group lifted their price objective on WEC Energy Group from $89.00 to $93.00 and gave the stock an “underperform” rating in a report on Thursday, November 3rd. TheStreet lowered WEC Energy Group from a “b” rating to a “c+” rating in a report on Tuesday, November 1st. UBS Group lifted their target price on WEC Energy Group to $103.00 in a report on Monday, November 21st. Finally, Mizuho reduced their target price on WEC Energy Group from $93.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, October 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $98.09.

WEC Energy Group Company Profile

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WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.

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December 11, 2022
Millennium Management LLC Raises Position in Ormat Technologies, Inc. (NYSE:ORA)

Millennium Management LLC raised its holdings in Ormat Technologies, Inc. (NYSE:ORA – Get Rating) by 2,082.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 779,242 shares of the energy company’s stock after acquiring an additional 743,545 shares during the period. Millennium Management LLC owned approximately 1.39% of Ormat Technologies worth $61,054,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Total Clarity Wealth Management Inc. acquired a new stake in Ormat Technologies in the 2nd quarter valued at about $27,000. Prospera Financial Services Inc acquired a new stake in shares of Ormat Technologies during the 1st quarter worth approximately $41,000. FMR LLC increased its holdings in shares of Ormat Technologies by 13.0% during the 2nd quarter. FMR LLC now owns 1,465 shares of the energy company’s stock worth $115,000 after buying an additional 169 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Ormat Technologies during the 1st quarter worth approximately $177,000. Finally, Mackenzie Financial Corp acquired a new stake in shares of Ormat Technologies during the 1st quarter worth approximately $214,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Transactions at Ormat Technologies

In other news, major shareholder Corp Orix sold 3,750,000 shares of Ormat Technologies stock in a transaction on Monday, November 21st. The shares were sold at an average price of $87.75, for a total transaction of $329,062,500.00. Following the completion of the sale, the insider now directly owns 7,238,577 shares of the company’s stock, valued at approximately $635,185,131.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, major shareholder Corp Orix sold 3,750,000 shares of Ormat Technologies stock in a transaction on Monday, November 21st. The shares were sold at an average price of $87.75, for a total transaction of $329,062,500.00. Following the sale, the insider now directly owns 7,238,577 shares in the company, valued at approximately $635,185,131.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dafna Sharir sold 1,588 shares of Ormat Technologies stock in a transaction on Friday, November 4th. The stock was sold at an average price of $98.00, for a total transaction of $155,624.00. Following the sale, the director now owns 2,489 shares in the company, valued at $243,922. The disclosure for this sale can be found here. In the last three months, insiders sold 4,331,557 shares of company stock valued at $380,304,372. Insiders own 1.30% of the company’s stock.

Ormat Technologies Stock Performance

Shares of ORA stock opened at $89.49 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.28 and a debt-to-equity ratio of 0.80. Ormat Technologies, Inc. has a 52 week low of $60.32 and a 52 week high of $101.81. The stock has a market capitalization of $5.02 billion, a PE ratio of 75.20, a P/E/G ratio of 6.04 and a beta of 0.49. The firm has a 50 day moving average of $90.29 and a two-hundred day moving average of $87.26.

Ormat Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 16th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, November 15th. This represents a $0.48 annualized dividend and a dividend yield of 0.54%. Ormat Technologies’s dividend payout ratio (DPR) is currently 40.34%.

Analyst Ratings Changes

ORA has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Ormat Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, November 16th. Roth Capital reiterated a “neutral” rating on shares of Ormat Technologies in a report on Sunday, November 6th. JPMorgan Chase & Co. dropped their target price on shares of Ormat Technologies from $97.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, October 20th. Bank of America started coverage on shares of Ormat Technologies in a report on Tuesday, November 22nd. They issued a “neutral” rating for the company. Finally, Citigroup started coverage on shares of Ormat Technologies in a research report on Thursday, October 20th. They issued a “neutral” rating and a $91.00 price target for the company. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $87.00.

About Ormat Technologies

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Ormat Technologies, Inc engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, Honduras, and internationally. It operates through three segments: Electricity, Product, and Energy Storage. The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic, and recovered energy-based power plants; and sells electricity.

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December 8, 2022
Vanguard Total World Stock ETF (NYSEARCA:VT) Shares Acquired by Northern Trust Corp

Northern Trust Corp grew its stake in Vanguard Total World Stock ETF (NYSEARCA:VT – Get Rating) by 16.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 892,928 shares of the exchange traded fund’s stock after purchasing an additional 126,580 shares during the period. Northern Trust Corp owned approximately 0.35% of Vanguard Total World Stock ETF worth $76,203,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of VT. Atwood & Palmer Inc. purchased a new stake in shares of Vanguard Total World Stock ETF in the second quarter valued at approximately $25,000. Investors Asset Management of Georgia Inc. GA ADV purchased a new stake in shares of Vanguard Total World Stock ETF in the second quarter valued at approximately $28,000. Charter Oak Capital Management LLC purchased a new stake in shares of Vanguard Total World Stock ETF in the second quarter valued at approximately $36,000. Syverson Strege & Co boosted its stake in shares of Vanguard Total World Stock ETF by 43.9% in the second quarter. Syverson Strege & Co now owns 423 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 129 shares in the last quarter. Finally, Assetmark Inc. purchased a new stake in shares of Vanguard Total World Stock ETF in the second quarter valued at approximately $39,000.

Vanguard Total World Stock ETF Trading Down 0.1 %

VT opened at $91.02 on Monday. The business’s fifty day moving average is $84.15 and its two-hundred day moving average is $87.09. Vanguard Total World Stock ETF has a one year low of $76.80 and a one year high of $108.58.

Vanguard Total World Stock ETF Profile

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Vanguard Total World Stock Index Fund ETF (the Fund) is an open-end investment company. The Fund seeks to track the performance of the FTSE Global All Cap Index, which covers both well-established and still-developing markets. The Fund invests in both foreign and the United States stocks. The fund offers three classes of shares: Investor Shares, Institutional Shares, and ETF Shares.

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December 5, 2022
Edgestream Partners L.P. Has $1.20 Million Holdings in Intel Co. (NASDAQ:INTC)

Edgestream Partners L.P. increased its stake in Intel Co. (NASDAQ:INTC – Get Rating) by 358.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,944 shares of the chip maker’s stock after buying an additional 24,979 shares during the quarter. Edgestream Partners L.P.’s holdings in Intel were worth $1,195,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Intel by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 349,634,956 shares of the chip maker’s stock valued at $17,327,909,000 after acquiring an additional 5,076,202 shares during the period. BlackRock Inc. raised its stake in Intel by 3.0% in the 1st quarter. BlackRock Inc. now owns 341,450,251 shares of the chip maker’s stock valued at $16,922,274,000 after acquiring an additional 10,103,061 shares during the period. State Street Corp raised its stake in Intel by 1.1% in the 1st quarter. State Street Corp now owns 178,991,617 shares of the chip maker’s stock valued at $8,870,825,000 after acquiring an additional 1,874,534 shares during the period. Primecap Management Co. CA raised its stake in Intel by 12.4% in the 2nd quarter. Primecap Management Co. CA now owns 48,598,246 shares of the chip maker’s stock valued at $1,818,060,000 after acquiring an additional 5,344,285 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Intel by 4.0% in the 1st quarter. Bank of New York Mellon Corp now owns 41,877,503 shares of the chip maker’s stock valued at $2,075,449,000 after acquiring an additional 1,627,363 shares during the period. Institutional investors and hedge funds own 61.52% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Cowen assumed coverage on Intel in a research note on Monday. They issued a “market perform” rating and a $31.00 price target on the stock. HSBC began coverage on Intel in a research report on Monday, October 24th. They set a “reduce” rating and a $23.00 price objective on the stock. Credit Suisse Group reiterated a “neutral” rating and set a $28.00 price objective on shares of Intel in a research report on Wednesday, November 16th. StockNews.com began coverage on Intel in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Bank of America lowered their price objective on Intel from $30.00 to $28.00 and set an “underperform” rating on the stock in a research report on Friday, October 28th. Nine research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $32.67.

Intel Stock Performance

Shares of INTC stock opened at $29.67 on Friday. The business’s 50-day moving average price is $27.78 and its 200-day moving average price is $34.27. Intel Co. has a 12 month low of $24.59 and a 12 month high of $56.28. The firm has a market capitalization of $122.45 billion, a price-to-earnings ratio of 9.13, a PEG ratio of 2.03 and a beta of 0.73. The company has a current ratio of 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 0.37.

Intel Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be paid a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date is Friday, November 4th. Intel’s payout ratio is 44.92%.

Insider Activity

In related news, Director Lip Bu Tan acquired 1,854 shares of the stock in a transaction dated Friday, November 4th. The stock was bought at an average cost of $27.49 per share, for a total transaction of $50,966.46. Following the completion of the transaction, the director now directly owns 2,354 shares of the company’s stock, valued at $64,711.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Lip Bu Tan acquired 1,854 shares of the stock in a transaction dated Friday, November 4th. The stock was bought at an average cost of $27.49 per share, for a total transaction of $50,966.46. Following the completion of the transaction, the director now directly owns 2,354 shares of the company’s stock, valued at $64,711.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick P. Gelsinger acquired 8,830 shares of the stock in a transaction dated Monday, October 31st. The shares were bought at an average price of $28.16 per share, with a total value of $248,652.80. Following the completion of the transaction, the chief executive officer now directly owns 96,049 shares of the company’s stock, valued at $2,704,739.84. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 58,830 shares of company stock valued at $1,646,744. 0.02% of the stock is currently owned by corporate insiders.

About Intel

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Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

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November 25, 2022
Medtronic plc (NYSE:MDT) Shares Sold by Cetera Advisors LLC

Cetera Advisors LLC cut its position in Medtronic plc (NYSE:MDT – Get Rating) by 30.5% in the second quarter, Holdings Channel reports. The firm owned 39,489 shares of the medical technology company’s stock after selling 17,306 shares during the period. Cetera Advisors LLC’s holdings in Medtronic were worth $3,544,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MDT. Vanguard Group Inc. boosted its position in shares of Medtronic by 6.5% in the 1st quarter. Vanguard Group Inc. now owns 120,557,488 shares of the medical technology company’s stock valued at $13,375,853,000 after purchasing an additional 7,403,778 shares during the period. Invesco Ltd. boosted its position in shares of Medtronic by 29.6% in the 1st quarter. Invesco Ltd. now owns 12,205,798 shares of the medical technology company’s stock valued at $1,354,234,000 after purchasing an additional 2,789,882 shares during the period. Bridgewater Associates LP acquired a new stake in shares of Medtronic in the 1st quarter valued at about $208,596,000. Sanders Capital LLC boosted its position in shares of Medtronic by 14.3% in the 1st quarter. Sanders Capital LLC now owns 13,517,677 shares of the medical technology company’s stock valued at $1,660,016,000 after purchasing an additional 1,687,707 shares during the period. Finally, Capital Research Global Investors lifted its position in Medtronic by 6.8% during the 1st quarter. Capital Research Global Investors now owns 22,023,597 shares of the medical technology company’s stock worth $2,443,518,000 after acquiring an additional 1,405,249 shares during the period. 79.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Morgan Stanley decreased their price objective on Medtronic from $101.00 to $97.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 11th. Citigroup decreased their price objective on Medtronic from $110.00 to $108.00 in a research report on Wednesday, October 5th. Wells Fargo & Company decreased their price objective on Medtronic from $104.00 to $96.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 24th. Royal Bank of Canada decreased their price objective on Medtronic from $122.00 to $110.00 in a research report on Wednesday, September 7th. Finally, Piper Sandler reduced their price target on Medtronic from $100.00 to $90.00 in a report on Tuesday, August 23rd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $106.75.

Medtronic Stock Performance

Medtronic stock opened at $82.29 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.23 and a current ratio of 1.58. The stock has a fifty day moving average of $84.04 and a two-hundred day moving average of $90.04. The company has a market capitalization of $109.38 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 2.17 and a beta of 0.77. Medtronic plc has a fifty-two week low of $79.19 and a fifty-two week high of $118.80.

Medtronic (NYSE:MDT – Get Rating) last announced its quarterly earnings data on Tuesday, August 23rd. The medical technology company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.01. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.20 billion. Medtronic had a return on equity of 13.64% and a net margin of 16.75%. During the same quarter in the previous year, the business earned $1.41 earnings per share. On average, analysts anticipate that Medtronic plc will post 5.52 EPS for the current fiscal year.

Insider Activity

In other news, EVP Hoedt Rob Ten sold 2,404 shares of Medtronic stock in a transaction on Friday, October 14th. The stock was sold at an average price of $81.54, for a total value of $196,022.16. Following the completion of the sale, the executive vice president now owns 43,483 shares of the company’s stock, valued at $3,545,603.82. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.29% of the company’s stock.

About Medtronic

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Medtronic plc develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients worldwide. Its Cardiovascular Portfolio segment offers implantable cardiac pacemakers, cardioverter defibrillators, and cardiac resynchronization therapy devices; cardiac ablation products; insertable cardiac monitor systems; TYRX products; and remote monitoring and patient-centered software.

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November 22, 2022
Wealthsource Partners LLC Reduces Stock Holdings in Fox Co. (NASDAQ:FOXA)

Wealthsource Partners LLC lowered its position in Fox Co. (NASDAQ:FOXA – Get Rating) by 13.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,846 shares of the company’s stock after selling 2,567 shares during the quarter. Wealthsource Partners LLC’s holdings in FOX were worth $542,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Verdence Capital Advisors LLC purchased a new stake in FOX during the 1st quarter worth about $208,000. Walker Asset Management LLC purchased a new stake in FOX during the 2nd quarter worth about $227,000. Teacher Retirement System of Texas increased its position in FOX by 16.9% during the 1st quarter. Teacher Retirement System of Texas now owns 495,131 shares of the company’s stock worth $19,533,000 after purchasing an additional 71,614 shares in the last quarter. CENTRAL TRUST Co increased its position in FOX by 4.0% during the 1st quarter. CENTRAL TRUST Co now owns 7,674 shares of the company’s stock worth $303,000 after purchasing an additional 294 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in FOX by 12.9% during the 2nd quarter. Treasurer of the State of North Carolina now owns 236,647 shares of the company’s stock worth $7,611,000 after purchasing an additional 26,983 shares in the last quarter. Hedge funds and other institutional investors own 56.49% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Credit Suisse Group decreased their price target on FOX from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 2nd. Loop Capital lowered FOX from a “buy” rating to a “hold” rating and decreased their price target for the stock from $50.00 to $34.00 in a research note on Monday, October 17th. UBS Group decreased their price target on FOX to $46.00 in a research note on Tuesday, July 26th. Royal Bank of Canada decreased their price target on FOX from $46.00 to $38.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 2nd. Finally, The Goldman Sachs Group decreased their price target on FOX from $32.00 to $30.00 and set a “sell” rating on the stock in a research note on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $38.50.

FOX Stock Performance

FOX stock opened at $30.93 on Friday. The stock’s 50 day moving average price is $30.87 and its 200 day moving average price is $32.86. The firm has a market capitalization of $16.79 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 0.69 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 3.16 and a current ratio of 3.60. Fox Co. has a one year low of $28.01 and a one year high of $44.95.

FOX Profile

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Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution through traditional and virtual multi-channel video programming distributors (MVPDs) and other digital platforms, primarily in the U.S.

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November 19, 2022