Waters Parkerson & Company Has Lowered Its Visa Classa (V) Stake by $732,060; Share Price Rose; As Baidu (BIDU) Shares Rose, Flowering Tree Investment Management Pte LTD Decreased Holding

January 13, 2018 - By reb123z

Waters Parkerson & Company decreased its stake in Visa Inc Classa (V) by 1.64% based on its latest 2017Q3 regulatory filing with the SEC. Waters Parkerson & Company sold 6,972 shares as the company’s stock rose 5.74% with the market. The institutional investor held 419,157 shares of the business services company at the end of 2017Q3, valued at $44.11M, down from 426,129 at the end of the previous reported quarter. Waters Parkerson & Company who had been investing in Visa Inc Classa for a number of months, seems to be less bullish one the $272.15B market cap company. The stock increased 0.21% or $0.25 during the last trading session, reaching $120.09. About 5.59M shares traded. Visa Inc. (NYSE:V) has risen 20.29% since January 13, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Flowering Tree Investment Management Pte Ltd decreased its stake in Baidu Inc (BIDU) by 31.36% based on its latest 2017Q3 regulatory filing with the SEC. Flowering Tree Investment Management Pte Ltd sold 26,764 shares as the company’s stock rose 1.94% with the market. The institutional investor held 58,567 shares of the technology company at the end of 2017Q3, valued at $14.51M, down from 85,331 at the end of the previous reported quarter. Flowering Tree Investment Management Pte Ltd who had been investing in Baidu Inc for a number of months, seems to be less bullish one the $87.86B market cap company. The stock increased 1.13% or $2.82 during the last trading session, reaching $253.04. About 3.04 million shares traded or 20.24% up from the average. Baidu, Inc. (NASDAQ:BIDU) has risen 12.02% since January 13, 2017 and is uptrending. It has underperformed by 4.68% the S&P500.

Analysts await Baidu, Inc. (NASDAQ:BIDU) to report earnings on February, 22. They expect $1.66 earnings per share, up 3.75% or $0.06 from last year’s $1.6 per share. BIDU’s profit will be $576.39 million for 38.11 P/E if the $1.66 EPS becomes a reality. After $3.62 actual earnings per share reported by Baidu, Inc. for the previous quarter, Wall Street now forecasts -54.14% negative EPS growth.

Among 24 analysts covering Baidu (NASDAQ:BIDU), 9 have Buy rating, 4 Sell and 11 Hold. Therefore 38% are positive. Baidu had 56 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Underweight” rating given on Monday, December 19 by Cantor Fitzgerald. The firm has “Underweight” rating by JP Morgan given on Wednesday, August 31. The rating was upgraded by Nomura on Monday, July 31 to “Buy”. The firm has “Buy” rating by Wells Fargo given on Tuesday, September 26. The firm has “Underperform” rating given on Tuesday, July 28 by Credit Agricole. The company was downgraded on Wednesday, September 28 by Deutsche Bank. The firm has “Buy” rating by Brean Capital given on Friday, April 29. The rating was maintained by Jefferies with “Buy” on Friday, October 20. The stock has “Buy” rating by Jefferies on Friday, October 27. The rating was downgraded by Citigroup on Monday, June 13 to “Neutral”.

Among 40 analysts covering Visa Inc. (NYSE:V), 33 have Buy rating, 0 Sell and 7 Hold. Therefore 83% are positive. Visa Inc. has $148.0 highest and $70 lowest target. $111.97’s average target is -6.76% below currents $120.09 stock price. Visa Inc. had 101 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Visa Inc. (NYSE:V) has “Buy” rating given on Tuesday, January 9 by Wells Fargo. The company was upgraded on Tuesday, October 10 by Wells Fargo. The stock has “Buy” rating by Guggenheim on Monday, December 5. Loop Capital maintained the stock with “Buy” rating in Thursday, October 26 report. JP Morgan maintained Visa Inc. (NYSE:V) on Friday, August 14 with “Overweight” rating. The stock of Visa Inc. (NYSE:V) has “Buy” rating given on Wednesday, December 16 by UBS. On Tuesday, August 22 the stock rating was maintained by Robert W. Baird with “Buy”. Citigroup maintained the stock with “Buy” rating in Wednesday, October 18 report. The firm has “Outperform” rating by Bernstein given on Wednesday, August 12. Mizuho maintained the stock with “Buy” rating in Thursday, January 4 report.

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.13, from 1.13 in 2017Q2. It turned negative, as 48 investors sold V shares while 617 reduced holdings. 142 funds opened positions while 524 raised stakes. 1.64 billion shares or 1.45% less from 1.66 billion shares in 2017Q2 were reported. Consulta Limited reported 2.82% stake. Friess Associate Lc holds 1.43% or 155,126 shares in its portfolio. Winch Advisory Services Limited Liability Com reported 0.43% in Visa Inc. (NYSE:V). Brown Brothers Harriman And has invested 0.02% of its portfolio in Visa Inc. (NYSE:V). Lourd Limited has invested 0.05% in Visa Inc. (NYSE:V). Chemung Canal holds 2.08% or 86,773 shares in its portfolio. Park National Corp Oh has invested 0.03% in Visa Inc. (NYSE:V). Hbk Sorce Advisory Lc holds 20,058 shares. Eagle Ridge Mgmt reported 1.7% in Visa Inc. (NYSE:V). Findlay Park Ptnrs Llp has 2.16% invested in Visa Inc. (NYSE:V). Godshalk Welsh Cap Management accumulated 5,200 shares. Winslow Management Limited Liability has 4.36% invested in Visa Inc. (NYSE:V) for 7.69 million shares. Wells Fargo Mn has 0.43% invested in Visa Inc. (NYSE:V). L And S stated it has 0.71% in Visa Inc. (NYSE:V). Virtus Inv Advisers Inc, Connecticut-based fund reported 49,459 shares.

Waters Parkerson & Company, which manages about $1.24B and $1.13B US Long portfolio, upped its stake in Royal Dutch Shellf Sponsored A by 7,529 shares to 62,433 shares, valued at $3.78M in 2017Q3, according to the filing. It also increased its holding in Glaxosmithkline Plcf Sponsored (NYSE:GSK) by 8,466 shares in the quarter, for a total of 252,832 shares, and has risen its stake in Verizon Communicatn (NYSE:VZ).

Since August 17, 2017, it had 0 insider purchases, and 3 insider sales for $7.43 million activity. Another trade for 10,400 shares valued at $1.07M was sold by CRANSTON MARY B. MAHON TULLIER KELLY had sold 49,702 shares worth $5.65 million on Friday, December 15.

Analysts await Visa Inc. (NYSE:V) to report earnings on February, 1. They expect $0.97 EPS, up 12.79% or $0.11 from last year’s $0.86 per share. V’s profit will be $2.20 billion for 30.95 P/E if the $0.97 EPS becomes a reality. After $0.90 actual EPS reported by Visa Inc. for the previous quarter, Wall Street now forecasts 7.78% EPS growth.

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