Smith Salley & Associates Position in Schlumberger LTD (SLB) Lowered by $349,874 as Stock Price Declined; Bridgecreek Investment Management Increased Position in Visa Cl A (V) as Stock Rose

April 20, 2018 - By Dolores Ford

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Smith Salley & Associates decreased its stake in Schlumberger Ltd (SLB) by 7.22% based on its latest 2017Q4 regulatory filing with the SEC. Smith Salley & Associates sold 5,222 shares as the company’s stock declined 4.39% with the market. The institutional investor held 67,113 shares of the oilfield services and equipment company at the end of 2017Q4, valued at $4.52M, down from 72,335 at the end of the previous reported quarter. Smith Salley & Associates who had been investing in Schlumberger Ltd for a number of months, seems to be less bullish one the $96.09 billion market cap company. The stock decreased 1.35% or $0.95 during the last trading session, reaching $69.33. About 4.06M shares traded. Schlumberger Limited (NYSE:SLB) has declined 16.28% since April 20, 2017 and is downtrending. It has underperformed by 27.83% the S&P500.

Bridgecreek Investment Management Llc increased its stake in Visa Inc Cl A (V) by 17.12% based on its latest 2017Q4 regulatory filing with the SEC. Bridgecreek Investment Management Llc bought 5,915 shares as the company’s stock rose 4.18% while stock markets declined. The institutional investor held 40,463 shares of the business services company at the end of 2017Q4, valued at $4.61M, up from 34,548 at the end of the previous reported quarter. Bridgecreek Investment Management Llc who had been investing in Visa Inc Cl A for a number of months, seems to be bullish on the $279.59B market cap company. The stock decreased 0.06% or $0.08 during the last trading session, reaching $123.88. About 2.39 million shares traded. Visa Inc. (NYSE:V) has risen 31.98% since April 20, 2017 and is uptrending. It has outperformed by 20.43% the S&P500.

Bridgecreek Investment Management Llc, which manages about $625.00 million and $425.65 million US Long portfolio, decreased its stake in Terra Nitrogen Co Lp (NYSE:TNH) by 15,480 shares to 35,335 shares, valued at $2.82M in 2017Q4, according to the filing. It also reduced its holding in Boeing Co (NYSE:BA) by 2,635 shares in the quarter, leaving it with 33,017 shares, and cut its stake in Helmerich & Payne Inc (NYSE:HP).

Since December 13, 2017, it had 0 insider purchases, and 3 sales for $6.56 million activity. Shares for $205,440 were sold by Biggar Lynne. Another trade for 49,702 shares valued at $5.65M was made by MAHON TULLIER KELLY on Friday, December 15.

Among 42 analysts covering Visa Inc. (NYSE:V), 34 have Buy rating, 0 Sell and 8 Hold. Therefore 81% are positive. Visa Inc. had 127 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by JP Morgan on Friday, August 14 with “Overweight”. Barclays Capital maintained Visa Inc. (NYSE:V) on Thursday, October 26 with “Overweight” rating. Barclays Capital maintained Visa Inc. (NYSE:V) rating on Friday, February 2. Barclays Capital has “Overweight” rating and $150 target. The stock of Visa Inc. (NYSE:V) earned “Buy” rating by Guggenheim on Monday, December 5. The firm has “Hold” rating by DZ Bank given on Wednesday, January 24. The firm has “Neutral” rating by Bank of America given on Thursday, February 11. On Thursday, February 1 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The firm has “Overweight” rating by KeyBanc Capital Markets given on Friday, February 2. The stock of Visa Inc. (NYSE:V) has “Buy” rating given on Wednesday, October 11 by Cowen & Co. The firm has “Buy” rating by Jefferies given on Friday, June 23.

Investors sentiment increased to 1.05 in Q4 2017. Its up 0.05, from 1 in 2017Q3. It is positive, as 55 investors sold V shares while 605 reduced holdings. 141 funds opened positions while 552 raised stakes. 1.61 billion shares or 1.83% less from 1.64 billion shares in 2017Q3 were reported. Hall Laurie J Trustee, a Massachusetts-based fund reported 1,342 shares. Connecticut-based Axiom Intll Ltd Limited Liability Company De has invested 2.84% in Visa Inc. (NYSE:V). Counsel reported 0.93% stake. Bluecrest Cap Mgmt Ltd reported 0.04% in Visa Inc. (NYSE:V). Asset reported 31,842 shares or 0.49% of all its holdings. Linscomb & Williams Inc holds 0.32% in Visa Inc. (NYSE:V) or 34,182 shares. Norman Fields Gottscho Capital Lc owns 155,432 shares. Abner Herrman & Brock Lc has 2,931 shares. Hartford Fincl Mngmt holds 7,677 shares. Mariner Wealth Advsrs Ltd Llc reported 37,242 shares. Newfocus Lc holds 0.13% or 1,842 shares. Alta Capital Ltd Llc holds 275,059 shares or 1.97% of its portfolio. Wafra Invest Advisory Group accumulated 14,444 shares. Putnam Invests Lc has invested 1.34% in Visa Inc. (NYSE:V). Ramsay Stattman Vela And Price holds 1.6% or 35,502 shares in its portfolio.

Smith Salley & Associates, which manages about $331.94M and $558.35M US Long portfolio, upped its stake in Wells Fargo Co New (NYSE:WFC) by 74,511 shares to 227,687 shares, valued at $13.81 million in 2017Q4, according to the filing. It also increased its holding in Ishares Tr (IVV) by 2,793 shares in the quarter, for a total of 3,981 shares, and has risen its stake in Ishares Tr (SHY).

Among 39 analysts covering Schlumberger Limited. (NYSE:SLB), 32 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 144 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Friday, October 6 with “Buy”. The rating was maintained by Credit Suisse with “Outperform” on Monday, October 23. On Wednesday, April 26 the stock rating was maintained by Cowen & Co with “Outperform”. The firm has “Outperform” rating by Cowen & Co given on Friday, October 16. The stock of Schlumberger Limited (NYSE:SLB) earned “Outperform” rating by Credit Suisse on Monday, April 4. The stock has “Focus Stock” rating by Howard Weil on Monday, October 19. As per Tuesday, April 19, the company rating was maintained by Morgan Stanley. The firm has “Buy” rating by Argus Research given on Thursday, August 27. The firm earned “Buy” rating on Friday, October 13 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, January 16.

Visa Inc. (NYSE:V) Institutional Positions Chart

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