Truepoint Has Lowered Holding in Facebook (FB) as Share Value Rose; Trust Asset Management Increases Position in Enterprise Products Partners (EPD)

October 12, 2017 - By Louis Casey

Truepoint Inc decreased its stake in Facebook Inc (FB) by 10.05% based on its latest 2017Q2 regulatory filing with the SEC. Truepoint Inc sold 4,050 shares as the company’s stock rose 10.88% with the market. The institutional investor held 36,267 shares of the technology company at the end of 2017Q2, valued at $6.14M, down from 40,317 at the end of the previous reported quarter. Truepoint Inc who had been investing in Facebook Inc for a number of months, seems to be less bullish one the $501.93B market cap company. The stock rose 0.05% or $0.09 reaching $172.83. About 8.33M shares traded. Facebook Inc (NASDAQ:FB) has risen 26.75% since October 12, 2016 and is uptrending. It has outperformed by 10.05% the S&P500.

Trust Asset Management Llc increased its stake in Enterprise Products Partners (EPD) by 64.89% based on its latest 2017Q2 regulatory filing with the SEC. Trust Asset Management Llc bought 186,940 shares as the company’s stock declined 6.06% while stock markets rallied. The institutional investor held 475,032 shares of the natural gas distribution company at the end of 2017Q2, valued at $12.86 million, up from 288,092 at the end of the previous reported quarter. Trust Asset Management Llc who had been investing in Enterprise Products Partners for a number of months, seems to be bullish on the $57.95 billion market cap company. The stock declined 0.34% or $0.09 reaching $26.71 on the news. About 2.44 million shares traded. Enterprise Products Partners L.P. (NYSE:EPD) has declined 0.18% since October 12, 2016 and is downtrending. It has underperformed by 16.88% the S&P500.




Among 52 analysts covering Facebook (NASDAQ:FB), 48 have Buy rating, 2 Sell and 2 Hold. Therefore 92% are positive. Facebook had 182 analyst reports since July 21, 2015 according to SRatingsIntel. Cowen & Co maintained Facebook Inc (NASDAQ:FB) rating on Thursday, April 28. Cowen & Co has “Outperform” rating and $145 target. The stock has “Sell” rating by Jyske Bank on Friday, October 30. The stock of Facebook Inc (NASDAQ:FB) earned “Buy” rating by Wells Fargo on Wednesday, September 27. Canaccord Genuity maintained the shares of FB in report on Thursday, December 1 with “Buy” rating. The rating was maintained by Needham on Wednesday, September 27 with “Buy”. Canaccord Genuity maintained the shares of FB in report on Monday, July 24 with “Buy” rating. Mizuho maintained it with “Buy” rating and $146 target in Thursday, November 3 report. UBS maintained it with “Buy” rating and $150 target in Thursday, April 28 report. As per Thursday, November 3, the company rating was maintained by JMP Securities. The stock has “Overweight” rating by JP Morgan on Tuesday, September 27.

Since April 28, 2017, it had 0 insider purchases, and 25 selling transactions for $796.22 million activity. Wehner David M. sold $2.30 million worth of stock. 138,149 shares were sold by Zuckerberg Mark, worth $21.25M. $112,689 worth of Facebook Inc (NASDAQ:FB) was sold by Stretch Colin. $2.40 million worth of stock was sold by Cox Christopher K on Monday, May 8. Another trade for 594,246 shares valued at $88.97M was made by Koum Jan on Monday, May 15. Schroepfer Michael Todd sold 37,919 shares worth $5.73 million.

Truepoint Inc, which manages about $1.62 billion and $995.23 million US Long portfolio, upped its stake in Vanguard Tax (VEA) by 63,872 shares to 4.76M shares, valued at $203.20 million in 2017Q2, according to the filing. It also increased its holding in Vanguard Index Fds (VNQ) by 49,905 shares in the quarter, for a total of 998,290 shares, and has risen its stake in Kroger Co (NYSE:KR).

Investors sentiment increased to 1.4 in Q2 2017. Its up 0.05, from 1.35 in 2017Q1. It improved, as 48 investors sold FB shares while 553 reduced holdings. 159 funds opened positions while 684 raised stakes. 1.62 billion shares or 0.41% less from 1.63 billion shares in 2017Q1 were reported. Parus Finance (Uk) Ltd holds 21.22% of its portfolio in Facebook Inc (NASDAQ:FB) for 795,113 shares. Gotham Asset Mgmt Ltd Co has 127,326 shares. Cypress Cap Gp stated it has 32,493 shares or 1.09% of all its holdings. Gm Advisory reported 19,415 shares or 0.92% of all its holdings. Laurion Cap Management Lp owns 0% invested in Facebook Inc (NASDAQ:FB) for 3,200 shares. Greenbrier Prtnrs Management Ltd Limited Liability Company reported 18.45% of its portfolio in Facebook Inc (NASDAQ:FB). Mcrae Management invested 0.18% in Facebook Inc (NASDAQ:FB). Riverpoint Mngmt Limited Liability Corp invested in 0.2% or 18,782 shares. Strategic Wealth Group Inc Ltd Liability Co has invested 2.23% in Facebook Inc (NASDAQ:FB). Cap Wealth Planning Limited Co holds 9,094 shares. 4,149 are owned by Force Capital Mgmt Ltd Liability Com. Eastern Bancorporation invested in 124,111 shares. Zacks Invest Mngmt invested in 197,211 shares. Bloom Tree Limited Liability Corporation reported 160,930 shares. Mogy Joel R Invest Counsel Inc reported 2.26% of its portfolio in Facebook Inc (NASDAQ:FB).

Analysts await Facebook Inc (NASDAQ:FB) to report earnings on November, 1. They expect $1.28 earnings per share, up 45.45% or $0.40 from last year’s $0.88 per share. FB’s profit will be $3.72B for 33.75 P/E if the $1.28 EPS becomes a reality. After $1.32 actual earnings per share reported by Facebook Inc for the previous quarter, Wall Street now forecasts -3.03% negative EPS growth.

More notable recent Facebook Inc (NASDAQ:FB) news were published by: Bizjournals.com which released: “Facebook to hire 1000 people to thwart Russia and others from swaying …” on October 02, 2017, also Investorplace.com with their article: “It’s Hammer Time for Facebook Inc (FB) Stock Bulls!” published on October 09, 2017, Investorplace.com published: “Facebook Inc (FB) Stock and the Trials of Mark Zuckerberg” on October 12, 2017. More interesting news about Facebook Inc (NASDAQ:FB) were released by: Fool.com and their article: “Facebook vs. Twitter” published on October 04, 2017 as well as Fool.com‘s news article titled: “Facebook, Inc. Earnings: Mark Your Calendar” with publication date: October 09, 2017.

More notable recent Enterprise Products Partners L.P. (NYSE:EPD) news were published by: Seekingalpha.com which released: “Enterprise Products, Colonial Pipeline team up for Beaumont fuel exports” on October 10, 2017, also Fool.com with their article: “How Does Holly Energy Partners’ High-Yield Partnership Hold Up to Enterprise …” published on September 20, 2017, Fool.com published: “Better Buy: Enterprise Products Partners LP vs. Buckeye Partners, LP” on October 04, 2017. More interesting news about Enterprise Products Partners L.P. (NYSE:EPD) were released by: Fool.com and their article: “The 2 Biggest Reasons Enterprise Products Partners LP Is a Better Dividend …” published on September 21, 2017 as well as Fool.com‘s news article titled: “Better Buy: Magellan Midstream Partners, LP vs. Enterprise Products Partners LP” with publication date: September 28, 2017.

Trust Asset Management Llc, which manages about $633.33 million and $274.20 million US Long portfolio, decreased its stake in Ishares Msci Emerging Mkt (EEM) by 173,000 shares to 9,005 shares, valued at $373,000 in 2017Q2, according to the filing.

Investors sentiment decreased to 0.99 in 2017 Q2. Its down 0.06, from 1.05 in 2017Q1. It fall, as 54 investors sold EPD shares while 250 reduced holdings. 58 funds opened positions while 244 raised stakes. 780.09 million shares or 1.82% more from 766.14 million shares in 2017Q1 were reported. Ifc Inc Fl has invested 0.02% in Enterprise Products Partners L.P. (NYSE:EPD). Moreover, Plante Moran Ltd Liability Com has 0.09% invested in Enterprise Products Partners L.P. (NYSE:EPD) for 5,069 shares. Financial Management owns 4,144 shares. Usca Ria Lc holds 499,945 shares or 1.73% of its portfolio. Price T Rowe Inc Md invested in 0% or 7,780 shares. Moreover, Cumberland Advsr has 0.01% invested in Enterprise Products Partners L.P. (NYSE:EPD). Bokf Na has invested 0.17% in Enterprise Products Partners L.P. (NYSE:EPD). Associated Banc reported 0.25% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD). Eagle Ridge Inv Management holds 0.21% or 41,004 shares. Greystone Inv Management Ltd Co accumulated 25,875 shares or 0.34% of the stock. Mountain Pacific Inv Advisers Id stated it has 9,997 shares. Tiedemann Wealth Management Ltd Liability Company reported 3.01% stake. Cullen Frost Bankers Incorporated reported 0.08% in Enterprise Products Partners L.P. (NYSE:EPD). Kayne Anderson Advsr LP holds 32.52 million shares or 10.17% of its portfolio. Jupiter Asset, United Kingdom-based fund reported 460,994 shares.

Among 24 analysts covering Enterprise Products Partners LP (NYSE:EPD), 23 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Enterprise Products Partners LP had 42 analyst reports since July 23, 2015 according to SRatingsIntel. Jefferies maintained it with “Buy” rating and $30 target in Friday, September 1 report. The stock of Enterprise Products Partners L.P. (NYSE:EPD) earned “Strong-Buy” rating by Vetr on Monday, August 31. The firm has “Buy” rating given on Thursday, July 23 by DA Davidson. The firm has “Buy” rating given on Friday, September 30 by Mizuho. BMO Capital Markets maintained it with “Buy” rating and $33.0 target in Tuesday, August 15 report. On Wednesday, August 31 the stock rating was maintained by Wunderlich with “Buy”. The firm has “Buy” rating given on Friday, September 16 by Evercore. As per Friday, August 4, the company rating was maintained by Barclays Capital. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, September 14 report. The company was maintained on Thursday, August 3 by Jefferies.

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