Van Cleef Asset Managementinc Has Upped Its Stake in Schlumberger LTD (SLB) as Market Valuation Declined; Meru Capital Group LP Decreased Its Apple (AAPL) Position by $5.33 Million

November 15, 2017 - By Winifred Garcia

Guru Ramakrishnan decreased its stake in Apple Inc (AAPL) by 78.72% based on its latest 2017Q2 regulatory filing with the SEC. Meru Capital Group Lp sold 37,000 shares as the company’s stock rose 12.78% with the market. The hedge fund run by Guru Ramakrishnan held 10,000 shares of the computer manufacturing company at the end of 2017Q2, valued at $1.44 million, down from 47,000 at the end of the previous reported quarter. Meru Capital Group Lp who had been investing in Apple Inc for a number of months, seems to be less bullish one the $879.71 billion market cap company. The stock decreased 1.51% or $2.63 during the last trading session, reaching $171.34. About 81,005 shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since November 15, 2016 and is uptrending. It has outperformed by 45.78% the S&P500.

Van Cleef Asset Managementinc increased its stake in Schlumberger Ltd (SLB) by 37.56% based on its latest 2017Q2 regulatory filing with the SEC. Van Cleef Asset Managementinc bought 31,260 shares as the company’s stock declined 11.04% while stock markets rallied. The institutional investor held 114,495 shares of the oilfield services and equipment company at the end of 2017Q2, valued at $7.54 million, up from 83,235 at the end of the previous reported quarter. Van Cleef Asset Managementinc who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $86.97B market cap company. The stock decreased 3.47% or $2.26 during the last trading session, reaching $62.78. About 11,594 shares traded. Schlumberger Limited. (NYSE:SLB) has declined 3.30% since November 15, 2016 and is downtrending. It has underperformed by 20.00% the S&P500.




Since May 30, 2017, it had 1 buying transaction, and 2 sales for $2.87 million activity. 5,000 shares were sold by SANDVOLD TORE I, worth $349,100. On Tuesday, May 30 CURRIE PETER L S bought $250,203 worth of Schlumberger Limited. (NYSE:SLB) or 3,625 shares.

Among 35 analysts covering Schlumberger Limited. (NYSE:SLB), 27 have Buy rating, 1 Sell and 7 Hold. Therefore 77% are positive. Schlumberger Limited. had 123 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was initiated by SunTrust with “Hold” on Wednesday, January 18. The company was maintained on Wednesday, October 25 by Barclays Capital. The rating was maintained by Citigroup on Wednesday, October 21 with “Buy”. The stock of Schlumberger Limited. (NYSE:SLB) has “Overweight” rating given on Monday, October 23 by Morgan Stanley. The stock of Schlumberger Limited. (NYSE:SLB) earned “Overweight” rating by JP Morgan on Tuesday, September 12. The company was upgraded on Thursday, September 3 by Citigroup. The stock has “Buy” rating by Citigroup on Wednesday, October 25. Argus Research maintained the stock with “Buy” rating in Tuesday, October 20 report. On Wednesday, July 5 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock of Schlumberger Limited. (NYSE:SLB) has “Buy” rating given on Thursday, March 23 by Scotia Capital.

Van Cleef Asset Managementinc, which manages about $323.12 million and $343.04M US Long portfolio, decreased its stake in Corning Inc (NYSE:GLW) by 31,661 shares to 90,054 shares, valued at $2.71 million in 2017Q2, according to the filing.

Investors sentiment decreased to 0.88 in 2017 Q2. Its down 0.29, from 1.17 in 2017Q1. It turned negative, as 99 investors sold SLB shares while 590 reduced holdings. 91 funds opened positions while 513 raised stakes. 1.07 billion shares or 0.68% less from 1.08 billion shares in 2017Q1 were reported. Roundview Capital Limited Liability Com reported 10,554 shares. Cetera Ltd Limited Liability Company holds 0.06% in Schlumberger Limited. (NYSE:SLB) or 14,309 shares. 287,602 are owned by Van Den Berg Mgmt I Inc. Whitnell & Com invested in 26,085 shares. 39,217 are held by Stephens Ar. Salient Lta has 1.62% invested in Schlumberger Limited. (NYSE:SLB). Eastern Retail Bank holds 42,664 shares. The Massachusetts-based Birch Hill Invest Advsrs Limited Liability has invested 0.74% in Schlumberger Limited. (NYSE:SLB). Ronald Blue Ltd Liability Company holds 0.01% or 3,897 shares in its portfolio. Highlander Mngmt Lc holds 0.12% or 2,350 shares in its portfolio. Morgan Stanley reported 0.31% stake. State Farm Mutual Automobile Insur Company stated it has 0.64% in Schlumberger Limited. (NYSE:SLB). Phocas Fincl accumulated 0.03% or 4,722 shares. First Manhattan holds 0.01% or 21,763 shares in its portfolio. Ashfield Capital Prns Ltd Liability owns 103,590 shares for 0.93% of their portfolio.

More important recent Schlumberger Limited. (NYSE:SLB) news were published by: Seekingalpha.com which released: “Schlumberger – The Slump Is Officially Over” on October 20, 2017, also Moodys.com published article titled: “Moody’s rates Schlumberger Finance Canada notes A1; stable outlook”, Seekingalpha.com published: “Schlumberger Could Start Firing On All Cylinders” on October 25, 2017. More interesting news about Schlumberger Limited. (NYSE:SLB) was released by: Seekingalpha.com and their article: “Schlumberger Points To The ‘Paradigm Shift’ Taking Place” with publication date: October 24, 2017.

Investors sentiment increased to 0.68 in Q2 2017. Its up 0.04, from 0.64 in 2017Q1. It increased, as 62 investors sold AAPL shares while 1068 reduced holdings. 129 funds opened positions while 634 raised stakes. 3.06 billion shares or 2.38% less from 3.13 billion shares in 2017Q1 were reported. Davis holds 3.22% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 35,269 shares. Nippon Life Glob Investors Americas has 3.01% invested in Apple Inc. (NASDAQ:AAPL) for 242,903 shares. Pinnacle Advisory Grp Incorporated invested in 15,241 shares or 0.14% of the stock. Moreover, Provise Mgmt Grp Lc has 0.93% invested in Apple Inc. (NASDAQ:AAPL). Capstone Inv Advsrs Ltd Limited Liability Company holds 639,997 shares or 2.5% of its portfolio. Culbertson A N And has 3.77% invested in Apple Inc. (NASDAQ:AAPL) for 82,470 shares. Loudon Invest Mngmt Limited Co stated it has 0.33% in Apple Inc. (NASDAQ:AAPL). Winfield Associates owns 3.46% invested in Apple Inc. (NASDAQ:AAPL) for 43,408 shares. Autus Asset Mgmt Ltd Liability holds 2.09% or 71,876 shares. Ancora Limited Liability Corporation holds 1.4% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 149,741 shares. Rothschild Capital Limited Liability Corporation owns 54,751 shares. Becker Cap stated it has 565,210 shares or 2.92% of all its holdings. Dynamic Advisors Solutions Ltd owns 19,859 shares for 1.11% of their portfolio. Adams Asset Ltd Co has 69,568 shares. The Missouri-based Jag Cap Ltd Liability Corp has invested 0.65% in Apple Inc. (NASDAQ:AAPL).

Meru Capital Group Lp, which manages about $798.95 million and $30.34 million US Long portfolio, upped its stake in Cognizant Technology Solutio (NASDAQ:CTSH) by 22,600 shares to 65,000 shares, valued at $4.32 million in 2017Q2, according to the filing.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Fool.com which released: “Can Apple, Inc. Sell 4 Million HomePods Next Year?” on November 13, 2017, also Seekingalpha.com with their article: “Is It Too Late To Buy Apple Stock?” published on November 14, 2017, Reuters.com published: “Exclusive: Apple to help India develop anti-spam app after face-off with regulator” on November 15, 2017. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Fool.com and their article: “Why Won’t Apple Inc. Talk About iPhone Mix?” published on November 11, 2017 as well as Seekingalpha.com‘s news article titled: “Look To Go Small, But Stick With Apple” with publication date: November 14, 2017.

Among 49 analysts covering Apple Inc. (NASDAQ:AAPL), 40 have Buy rating, 1 Sell and 8 Hold. Therefore 82% are positive. Apple Inc. had 329 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Brean Capital on Wednesday, October 26. Robert W. Baird maintained the shares of AAPL in report on Friday, June 2 with “Buy” rating. Robert W. Baird maintained the shares of AAPL in report on Wednesday, October 4 with “Buy” rating. The firm has “Hold” rating by Wells Fargo given on Tuesday, August 1. Maxim Group maintained the shares of AAPL in report on Wednesday, August 2 with “Buy” rating. The rating was maintained by Credit Suisse with “Buy” on Friday, September 11. Robert W. Baird maintained the shares of AAPL in report on Wednesday, August 2 with “Buy” rating. The firm has “Outperform” rating by FBR Capital given on Wednesday, July 22. On Wednesday, July 27 the stock rating was maintained by BMO Capital Markets with “Outperform”. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, August 11.

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