As Best Buy (BBY) Valuation Rose, Evercore Trust Company Has Boosted Stake by $812,000; Alethea Capital Management Holding in Kimberly Clark (KMB) Lowered by $631,800

January 14, 2018 - By Adrian Mccoy

Evercore Trust Company increased its stake in Best Buy Inc (BBY) by 0.88% based on its latest 2017Q3 regulatory filing with the SEC. Evercore Trust Company bought 14,500 shares as the company’s stock rose 13.46% with the market. The institutional investor held 1.66M shares of the consumer services company at the end of 2017Q3, valued at $94.47M, up from 1.64M at the end of the previous reported quarter. Evercore Trust Company who had been investing in Best Buy Inc for a number of months, seems to be bullish on the $21.41 billion market cap company. The stock increased 2.15% or $1.54 during the last trading session, reaching $73.25. About 3.44 million shares traded. Best Buy Co., Inc. (NYSE:BBY) has risen 62.80% since January 14, 2017 and is uptrending. It has outperformed by 46.10% the S&P500.

Alethea Capital Management Llc decreased its stake in Kimberly Clark Corp (KMB) by 54% based on its latest 2017Q3 regulatory filing with the SEC. Alethea Capital Management Llc sold 5,400 shares as the company’s stock declined 3.59% while stock markets rallied. The institutional investor held 4,600 shares of the containers and packaging company at the end of 2017Q3, valued at $541,000, down from 10,000 at the end of the previous reported quarter. Alethea Capital Management Llc who had been investing in Kimberly Clark Corp for a number of months, seems to be less bullish one the $39.74B market cap company. The stock increased 0.25% or $0.28 during the last trading session, reaching $112.98. About 3.39M shares traded or 55.61% up from the average. Kimberly-Clark Corporation (NYSE:KMB) has risen 0.32% since January 14, 2017 and is uptrending. It has underperformed by 16.38% the S&P500.




Evercore Trust Company, which manages about $34.59 billion US Long portfolio, decreased its stake in Acxiom Corp (NASDAQ:ACXM) by 23,903 shares to 2.35M shares, valued at $57.84 million in 2017Q3, according to the filing. It also reduced its holding in Dillards Inc (NYSE:DDS) by 53,011 shares in the quarter, leaving it with 7.67M shares, and cut its stake in State Str Corp (NYSE:STT).

Since August 21, 2017, it had 0 buys, and 18 insider sales for $158.49 million activity. 2,388 Best Buy Co., Inc. (NYSE:BBY) shares with value of $130.58M were sold by Scarlett Kathleen. Another trade for 787 shares valued at $47,154 was sold by Barry Corie S. MOHAN RAJENDRA M sold $196,165 worth of stock. $12.83M worth of stock was sold by SCHULZE RICHARD M on Tuesday, December 12. Watson Mathew sold 1,129 shares worth $61,736. $882,802 worth of Best Buy Co., Inc. (NYSE:BBY) was sold by Joly Hubert.

Among 27 analysts covering Best Buy Co (NYSE:BBY), 10 have Buy rating, 4 Sell and 13 Hold. Therefore 37% are positive. Best Buy Co had 92 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Tuesday, January 19 by Morgan Stanley. The stock of Best Buy Co., Inc. (NYSE:BBY) has “Sector Perform” rating given on Monday, November 16 by RBC Capital Markets. On Friday, February 26 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Piper Jaffray maintained Best Buy Co., Inc. (NYSE:BBY) rating on Wednesday, September 20. Piper Jaffray has “Buy” rating and $68.0 target. The firm earned “Hold” rating on Friday, November 17 by Deutsche Bank. The stock of Best Buy Co., Inc. (NYSE:BBY) earned “Outperform” rating by Telsey Advisory Group on Wednesday, May 25. The rating was maintained by Telsey Advisory Group on Friday, January 15 with “Outperform”. Wedbush maintained the stock with “Underperform” rating in Friday, February 26 report. Loop Capital Markets maintained the stock with “Buy” rating in Wednesday, August 16 report. The rating was maintained by SunTrust on Monday, October 16 with “Buy”.

Investors sentiment decreased to 0.76 in 2017 Q3. Its down 0.03, from 0.79 in 2017Q2. It dropped, as 60 investors sold BBY shares while 189 reduced holdings. 54 funds opened positions while 136 raised stakes. 246.28 million shares or 2.83% less from 253.45 million shares in 2017Q2 were reported. Fuller Thaler Asset has invested 0% of its portfolio in Best Buy Co., Inc. (NYSE:BBY). Schroder Inv Mgmt Grp Inc reported 723,338 shares stake. National Asset Mgmt Inc has invested 0.03% in Best Buy Co., Inc. (NYSE:BBY). Ny State Teachers Retirement Sys reported 0.07% in Best Buy Co., Inc. (NYSE:BBY). Cleararc holds 6,818 shares. Product Prtnrs Limited Liability invested 0.37% of its portfolio in Best Buy Co., Inc. (NYSE:BBY). Canada Pension Plan Board invested in 236,900 shares. Moreover, Bancorp Of Nova Scotia has 0.09% invested in Best Buy Co., Inc. (NYSE:BBY) for 261,126 shares. Department Mb Comml Bank N A reported 78 shares. Wedge Cap L LP Nc has 0.31% invested in Best Buy Co., Inc. (NYSE:BBY). Envestnet Asset Inc holds 0% or 17,299 shares. Sumitomo Mitsui Trust Hldgs invested in 885,214 shares or 0.07% of the stock. Piedmont Investment Advsr Lc reported 0.06% of its portfolio in Best Buy Co., Inc. (NYSE:BBY). Utah Retirement Systems reported 48,453 shares. 11,918 are held by First Republic Mngmt.

Among 18 analysts covering Kimberly-Clark (NYSE:KMB), 2 have Buy rating, 5 Sell and 11 Hold. Therefore 11% are positive. Kimberly-Clark had 56 analyst reports since July 21, 2015 according to SRatingsIntel. Citigroup maintained Kimberly-Clark Corporation (NYSE:KMB) rating on Tuesday, October 24. Citigroup has “Neutral” rating and $125 target. The firm has “Hold” rating given on Friday, March 10 by Societe Generale. The stock has “Buy” rating by Goldman Sachs on Monday, December 14. On Tuesday, October 25 the stock rating was maintained by UBS with “Neutral”. The company was downgraded on Wednesday, July 12 by UBS. On Thursday, July 6 the stock rating was maintained by Jefferies with “Hold”. The stock has “Hold” rating by RBC Capital Markets on Thursday, September 7. On Tuesday, October 24 the stock rating was maintained by Bank of America with “Neutral”. On Tuesday, May 30 the stock rating was maintained by Jefferies with “Hold”. The rating was maintained by Goldman Sachs on Monday, June 19 with “Buy”.

Analysts await Kimberly-Clark Corporation (NYSE:KMB) to report earnings on January, 23. They expect $1.55 EPS, up 6.90% or $0.10 from last year’s $1.45 per share. KMB’s profit will be $545.23M for 18.22 P/E if the $1.55 EPS becomes a reality. After $1.60 actual EPS reported by Kimberly-Clark Corporation for the previous quarter, Wall Street now forecasts -3.13% negative EPS growth.

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