American National Registered Investment Advisor Has Trimmed Apple (AAPL) Stake by $2.27 Million as Share Value Rose; Meyer Handelman Co Cut Coca Cola Co Com (KO) Stake by $10.13 Million as Shares Rose

February 19, 2018 - By reb123z

Meyer Handelman Co decreased its stake in Coca Cola Co Com (KO) by 39.49% based on its latest 2017Q3 regulatory filing with the SEC. Meyer Handelman Co sold 225,000 shares as the company’s stock rose 6.48% with the market. The institutional investor held 344,800 shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $15.52M, down from 569,800 at the end of the previous reported quarter. Meyer Handelman Co who had been investing in Coca Cola Co Com for a number of months, seems to be less bullish one the $191.65 billion market cap company. The stock increased 0.45% or $0.2 during the last trading session, reaching $44.98. About 17.20 million shares traded or 37.94% up from the average. The Coca-Cola Company (NYSE:KO) has declined 0.95% since February 19, 2017 and is downtrending. It has underperformed by 17.65% the S&P500.

American National Registered Investment Advisor Inc decreased its stake in Apple Inc (AAPL) by 28.74% based on its latest 2017Q3 regulatory filing with the SEC. American National Registered Investment Advisor Inc sold 14,725 shares as the company’s stock rose 12.78% with the market. The institutional investor held 36,518 shares of the computer manufacturing company at the end of 2017Q3, valued at $5.63M, down from 51,243 at the end of the previous reported quarter. American National Registered Investment Advisor Inc who had been investing in Apple Inc for a number of months, seems to be less bullish one the $874.91B market cap company. The stock decreased 0.32% or $0.56 during the last trading session, reaching $172.43. About 40.18 million shares traded or 17.89% up from the average. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since February 19, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Among 53 analysts covering Apple Inc. (NASDAQ:AAPL), 34 have Buy rating, 1 Sell and 18 Hold. Therefore 64% are positive. Apple Inc. had 378 analyst reports since July 21, 2015 according to SRatingsIntel. On Thursday, June 2 the stock rating was maintained by Goldman Sachs with “Buy”. As per Wednesday, January 6, the company rating was downgraded by Rosenblatt. Piper Jaffray maintained Apple Inc. (NASDAQ:AAPL) rating on Wednesday, April 27. Piper Jaffray has “Overweight” rating and $152 target. The stock has “Buy” rating by Brean Capital on Wednesday, April 27. Morgan Stanley upgraded the stock to “Buy” rating in Tuesday, June 13 report. Citigroup maintained the stock with “Buy” rating in Monday, June 12 report. Nomura maintained the shares of AAPL in report on Wednesday, July 5 with “Buy” rating. As per Tuesday, June 6, the company rating was maintained by Needham. The rating was maintained by UBS with “Buy” on Friday, November 3. The firm has “Overweight” rating given on Wednesday, January 27 by Barclays Capital.

Since August 24, 2017, it had 0 insider purchases, and 7 insider sales for $70.47 million activity. 268,623 shares were sold by COOK TIMOTHY D, worth $43.15 million. Another trade for 56,808 shares valued at $8.79 million was sold by SCHILLER PHILIP W. The insider Srouji Johny sold 5,892 shares worth $948,612. AHRENDTS ANGELA J sold $9.78M worth of stock or 63,388 shares.

Investors sentiment increased to 0.7 in 2017 Q3. Its up 0.02, from 0.68 in 2017Q2. It improved, as 52 investors sold AAPL shares while 1034 reduced holdings. 116 funds opened positions while 640 raised stakes. 2.97 billion shares or 2.78% less from 3.06 billion shares in 2017Q2 were reported. Bp Public Ltd Company stated it has 3.31% in Apple Inc. (NASDAQ:AAPL). Kemnay Advisory Serv accumulated 41,706 shares. Moreover, Haverford Trust Co has 3.03% invested in Apple Inc. (NASDAQ:AAPL). State Street accumulated 206.45M shares. Virtu Financial Ltd Llc owns 0% invested in Apple Inc. (NASDAQ:AAPL) for 51,179 shares. American Gp Inc owns 1.01% invested in Apple Inc. (NASDAQ:AAPL) for 1.85 million shares. Raymond James And Associates holds 4.69M shares or 1.45% of its portfolio. Blackrock Incorporated reported 314.60M shares stake. Valicenti Advisory Inc holds 66,929 shares or 5.19% of its portfolio. John G Ullman And has 18,121 shares for 0.54% of their portfolio. Moreover, Ameritas Investment Ptnrs Inc has 2.41% invested in Apple Inc. (NASDAQ:AAPL). Reilly Herbert Faulkner Iii holds 3.41% or 36,474 shares in its portfolio. 688,662 are owned by Norinchukin National Bank The. Dekabank Deutsche Girozentrale, Germany-based fund reported 2.11M shares. Fincl Advisory Ser reported 25,522 shares.

Since January 16, 2018, it had 0 buys, and 3 insider sales for $5.80 million activity. Shares for $719,250 were sold by LONG ROBERT EDWARD. HAYS ED had sold 84,400 shares worth $4.01M on Tuesday, January 23.

Meyer Handelman Co, which manages about $1.97 billion and $2.19B US Long portfolio, upped its stake in Conocophillips (NYSE:COP) by 16,600 shares to 135,107 shares, valued at $6.76M in 2017Q3, according to the filing. It also increased its holding in Visa Inc (NYSE:V) by 6,124 shares in the quarter, for a total of 22,124 shares, and has risen its stake in Honeywell Intl Inc (NYSE:HON).

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