Sumitomo Mitsui Trust Holdings Decreased Its Holding in Lululemon Athletica (LULU) by $748,030; Northern Cross Has Boosted Its Holding in Schlumberger LTD (SLB) by $21.96 Million

February 17, 2018 - By Stephen Andrade

Sumitomo Mitsui Trust Holdings Inc decreased its stake in Lululemon Athletica Inc (LULU) by 3.84% based on its latest 2017Q3 regulatory filing with the SEC. Sumitomo Mitsui Trust Holdings Inc sold 12,065 shares as the company’s stock declined 26.14% while stock markets rallied. The institutional investor held 301,963 shares of the apparel company at the end of 2017Q3, valued at $18.80M, down from 314,028 at the end of the previous reported quarter. Sumitomo Mitsui Trust Holdings Inc who had been investing in Lululemon Athletica Inc for a number of months, seems to be less bullish one the $11.02 billion market cap company. The stock increased 0.59% or $0.48 during the last trading session, reaching $81.4. About 1.55 million shares traded. Lululemon Athletica Inc. (NASDAQ:LULU) has declined 19.33% since February 17, 2017 and is downtrending. It has underperformed by 36.03% the S&P500.

Northern Cross Llc increased its stake in Schlumberger Ltd (SLB) by 1.88% based on its latest 2017Q3 regulatory filing with the SEC. Northern Cross Llc bought 318,242 shares as the company’s stock declined 11.04% while stock markets rallied. The institutional investor held 17.22 million shares of the oilfield services and equipment company at the end of 2017Q3, valued at $1.20 billion, up from 16.90 million at the end of the previous reported quarter. Northern Cross Llc who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $91.73 billion market cap company. The stock increased 0.11% or $0.07 during the last trading session, reaching $66.28. About 7.51M shares traded. Schlumberger Limited (NYSE:SLB) has declined 3.30% since February 17, 2017 and is downtrending. It has underperformed by 20.00% the S&P500.




Sumitomo Mitsui Trust Holdings Inc, which manages about $70.86B US Long portfolio, upped its stake in Sun Life Financial Inc (NYSE:SLF) by 20,185 shares to 1.73 million shares, valued at $68.96M in 2017Q3, according to the filing. It also increased its holding in Ameren Corporation (NYSE:AEE) by 9,654 shares in the quarter, for a total of 815,569 shares, and has risen its stake in Pinnacle West Capital (NYSE:PNW).

Analysts await Lululemon Athletica Inc. (NASDAQ:LULU) to report earnings on April, 4. They expect $1.22 EPS, up 22.00% or $0.22 from last year’s $1 per share. LULU’s profit will be $165.16 million for 16.68 P/E if the $1.22 EPS becomes a reality. After $0.56 actual EPS reported by Lululemon Athletica Inc. for the previous quarter, Wall Street now forecasts 117.86% EPS growth.

Investors sentiment increased to 1.2 in Q3 2017. Its up 0.24, from 0.96 in 2017Q2. It improved, as 29 investors sold LULU shares while 89 reduced holdings. 54 funds opened positions while 88 raised stakes. 105.19 million shares or 0.45% more from 104.73 million shares in 2017Q2 were reported. Whittier holds 0% or 220 shares in its portfolio. Mitsubishi Ufj Bk Corp has invested 0.02% of its portfolio in Lululemon Athletica Inc. (NASDAQ:LULU). State Of Wisconsin Inv Board holds 0.02% or 82,347 shares in its portfolio. Slate Path Cap LP holds 0.28% in Lululemon Athletica Inc. (NASDAQ:LULU) or 86,000 shares. Massachusetts Svcs Ma holds 0.02% or 686,245 shares in its portfolio. Hbk Invests Limited Partnership reported 16,276 shares or 0.01% of all its holdings. Gp One Trading Ltd Partnership invested in 11,452 shares or 0.01% of the stock. Parametric Port Limited Com reported 0.01% stake. Toronto Dominion Financial Bank reported 45,760 shares or 0.01% of all its holdings. Morgan Stanley accumulated 0.01% or 638,548 shares. Caxton Assoc Limited Partnership has 50,000 shares for 0.11% of their portfolio. Prelude Cap Limited Liability holds 400 shares or 0% of its portfolio. Employees Retirement Systems Of Ohio has 0.02% invested in Lululemon Athletica Inc. (NASDAQ:LULU) for 59,521 shares. Credit Agricole S A owns 30,156 shares for 0.01% of their portfolio. Australia-based Macquarie Grp Inc has invested 0% in Lululemon Athletica Inc. (NASDAQ:LULU).

Among 40 analysts covering Lululemon Athletica Inc. (NASDAQ:LULU), 23 have Buy rating, 1 Sell and 16 Hold. Therefore 58% are positive. Lululemon Athletica Inc. had 180 analyst reports since August 18, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, December 6 by SunTrust. As per Wednesday, April 12, the company rating was upgraded by Stifel Nicolaus. RBC Capital Markets maintained the stock with “Buy” rating in Monday, August 7 report. On Thursday, December 10 the stock rating was maintained by RBC Capital Markets with “Outperform”. The company was upgraded on Monday, January 4 by Jefferies. The company was maintained on Monday, October 16 by SunTrust. The stock has “Outperform” rating by Robert W. Baird on Friday, September 11. As per Thursday, June 9, the company rating was maintained by Telsey Advisory Group. On Wednesday, January 13 the stock rating was maintained by Wedbush with “Outperform”. On Friday, June 2 the stock rating was maintained by Oppenheimer with “Buy”.

Northern Cross Llc, which manages about $51.96 billion and $7.77 billion US Long portfolio, decreased its stake in Las Vegas Sands Corp (NYSE:LVS) by 1.59 million shares to 35.55M shares, valued at $2.28 billion in 2017Q3, according to the filing. It also reduced its holding in Grupo Televisa Sa (NYSE:TV) by 153,175 shares in the quarter, leaving it with 10.82M shares, and cut its stake in A.

Among 38 analysts covering Schlumberger Limited. (NYSE:SLB), 31 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 139 analyst reports since July 22, 2015 according to SRatingsIntel. Barclays Capital upgraded the shares of SLB in report on Wednesday, April 20 to “Overweight” rating. The company was downgraded on Wednesday, June 21 by Barclays Capital. The rating was maintained by Cowen & Co with “Buy” on Friday, October 6. Seaport Global maintained Schlumberger Limited (NYSE:SLB) on Monday, January 22 with “Buy” rating. Atlantic Securities downgraded the stock to “Neutral” rating in Tuesday, June 27 report. Cowen & Co maintained Schlumberger Limited (NYSE:SLB) on Monday, January 25 with “Outperform” rating. The stock has “Outperform” rating by Cowen & Co on Wednesday, April 26. The stock of Schlumberger Limited (NYSE:SLB) earned “Buy” rating by Goldman Sachs on Monday, April 4. As per Friday, October 20, the company rating was maintained by Wells Fargo. The rating was maintained by Scotia Capital with “Buy” on Thursday, March 23.

Investors sentiment is 0.88 in 2017 Q3. Its the same as in 2017Q2. It is the same, as 69 investors sold SLB shares while 596 reduced holdings. only 105 funds opened positions while 481 raised stakes. 1.20 billion shares or 11.55% more from 1.07 billion shares in 2017Q2 were reported. Ssi Invest accumulated 4,183 shares. 27,427 were accumulated by First Amer Comml Bank. Cohen Steers Inc owns 210,280 shares or 0.04% of their US portfolio. Argyle Mngmt Inc invested 0.98% of its portfolio in Schlumberger Limited (NYSE:SLB). Shine Invest Advisory reported 0.13% in Schlumberger Limited (NYSE:SLB). Cypress Grp has invested 0.48% in Schlumberger Limited (NYSE:SLB). 99,650 are owned by Swarthmore Group. 36,000 were reported by United Fire Group Inc. Daiwa Sb Limited has 0.71% invested in Schlumberger Limited (NYSE:SLB). Fayerweather Charles reported 13,050 shares. Tirschwell And Loewy invested in 63,083 shares or 0.67% of the stock. Great West Life Assurance Can has 1.24 million shares. Hourglass Cap Ltd holds 106,509 shares. Noesis Mangement accumulated 75,005 shares. 153,436 are owned by Vigilant Cap Lc.

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