Genuine Parts Co (GPC) Holder Catalyst Capital Advisors Has Lowered Its Stake by $3.71 Million as Stock Value Declined; As Qualcomm (QCOM) Valuation Rose, North Star Asset Management Has Cut by $642,789 Its Holding

January 19, 2018 - By Darrin Black

Catalyst Capital Advisors Llc decreased its stake in Genuine Parts Co (GPC) by 92.21% based on its latest 2017Q3 regulatory filing with the SEC. Catalyst Capital Advisors Llc sold 39,080 shares as the company’s stock declined 8.49% while stock markets rallied. The institutional investor held 3,300 shares of the automotive aftermarket company at the end of 2017Q3, valued at $316,000, down from 42,380 at the end of the previous reported quarter. Catalyst Capital Advisors Llc who had been investing in Genuine Parts Co for a number of months, seems to be less bullish one the $15.29 billion market cap company. The stock increased 1.28% or $1.32 during the last trading session, reaching $104.25. About 286,220 shares traded. Genuine Parts Company (NYSE:GPC) has declined 1.45% since January 19, 2017 and is downtrending. It has underperformed by 18.15% the S&P500.

North Star Asset Management Inc decreased its stake in Qualcomm (QCOM) by 10.49% based on its latest 2017Q3 regulatory filing with the SEC. North Star Asset Management Inc sold 11,277 shares as the company’s stock rose 2.14% with the market. The institutional investor held 96,220 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q3, valued at $5.52M, down from 107,497 at the end of the previous reported quarter. North Star Asset Management Inc who had been investing in Qualcomm for a number of months, seems to be less bullish one the $100.21B market cap company. The stock decreased 0.11% or $0.08 during the last trading session, reaching $67.97. About 4.90 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 9.31% since January 19, 2017 and is uptrending. It has underperformed by 7.39% the S&P500.

Among 36 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 16 have Buy rating, 1 Sell and 19 Hold. Therefore 44% are positive. Qualcomm Inc. had 126 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was initiated by Rosenblatt on Thursday, October 22 with “Buy”. KeyBanc Capital Markets maintained the shares of QCOM in report on Tuesday, August 22 with “Buy” rating. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Buy” rating by Stifel Nicolaus on Thursday, January 26. As per Monday, January 23, the company rating was downgraded by CLSA. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, November 2 report. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Hold” rating given on Thursday, July 23 by Topeka Capital Markets. The company was maintained on Thursday, July 20 by Deutsche Bank. The firm earned “Buy” rating on Friday, September 30 by Mizuho. The firm has “Overweight” rating given on Monday, July 27 by Morgan Stanley. Deutsche Bank maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Monday, June 19. Deutsche Bank has “Hold” rating and $62 target.

Investors sentiment decreased to 0.85 in Q3 2017. Its down 0.13, from 0.98 in 2017Q2. It worsened, as 83 investors sold QCOM shares while 490 reduced holdings. 89 funds opened positions while 397 raised stakes. 1.10 billion shares or 0.88% less from 1.11 billion shares in 2017Q2 were reported. Private Advisor Group Incorporated Lc stated it has 0.06% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Nichols Pratt Advisers Ltd Liability Partnership Ma reported 188,894 shares or 0.88% of all its holdings. Viking Fund Management Limited Liability Company stated it has 0.55% in QUALCOMM Incorporated (NASDAQ:QCOM). Greylin Invest Mangement holds 1.84% or 155,350 shares. Caisse De Depot Et Placement Du Quebec, a Quebec – Canada-based fund reported 11.09M shares. Gabelli Funds Limited Liability Corp owns 7,500 shares or 0% of their US portfolio. Vantage Inv Advsrs reported 0% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Sawgrass Asset Management Limited Liability Com holds 5,180 shares or 0.01% of its portfolio. California Employees Retirement Sys has 3.51M shares. Grimes And stated it has 134,759 shares or 0.74% of all its holdings. Osborne Prtn Mngmt Limited Liability Company holds 0.87% or 122,515 shares. Mason Street Advisors Limited Co accumulated 205,096 shares. Cutler Invest Counsel Limited Liability Com stated it has 108,313 shares or 1.31% of all its holdings. Fdx Advsr Incorporated reported 94,211 shares. Meeder Asset Mgmt Inc has 0.08% invested in QUALCOMM Incorporated (NASDAQ:QCOM).

Since August 20, 2017, it had 0 insider buys, and 5 sales for $3.11 million activity. 4,740 QUALCOMM Incorporated (NASDAQ:QCOM) shares with value of $245,919 were sold by STERLING MICHELLE M. $2.81 million worth of stock was sold by GROB MATTHEW S on Tuesday, January 9.

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on January, 24. They expect $0.77 earnings per share, down 27.36% or $0.29 from last year’s $1.06 per share. QCOM’s profit will be $1.14 billion for 22.07 P/E if the $0.77 EPS becomes a reality. After $0.82 actual earnings per share reported by QUALCOMM Incorporated for the previous quarter, Wall Street now forecasts -6.10% negative EPS growth.

North Star Asset Management Inc, which manages about $1.15 billion and $946.73M US Long portfolio, upped its stake in Netscout Systems (NASDAQ:NTCT) by 11,305 shares to 199,029 shares, valued at $7.55M in 2017Q3, according to the filing. It also increased its holding in Vanguard Ttl Stk Mkt Etf (VTI) by 5,982 shares in the quarter, for a total of 111,583 shares, and has risen its stake in Fidelity Natl Info (NYSE:FIS).

Among 12 analysts covering Genuine Parts Company (NYSE:GPC), 2 have Buy rating, 3 Sell and 7 Hold. Therefore 17% are positive. Genuine Parts Company had 28 analyst reports since July 21, 2015 according to SRatingsIntel. Gabelli upgraded the shares of GPC in report on Tuesday, October 20 to “Buy” rating. The rating was maintained by RBC Capital Markets with “Hold” on Friday, October 20. The firm earned “Neutral” rating on Thursday, January 19 by Goldman Sachs. The rating was maintained by Jefferies on Wednesday, October 11 with “Hold”. The stock of Genuine Parts Company (NYSE:GPC) earned “Buy” rating by Jefferies on Tuesday, September 15. The stock has “Sell” rating by Goldman Sachs on Wednesday, September 30. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, July 20 report. On Friday, September 8 the stock rating was maintained by Jefferies with “Hold”. Jefferies downgraded the stock to “Hold” rating in Friday, July 15 report. The firm has “Buy” rating by Gabelli given on Friday, July 21.

Analysts await Genuine Parts Company (NYSE:GPC) to report earnings on February, 20. They expect $1.06 EPS, up 3.92% or $0.04 from last year’s $1.02 per share. GPC’s profit will be $155.42M for 24.59 P/E if the $1.06 EPS becomes a reality. After $1.16 actual EPS reported by Genuine Parts Company for the previous quarter, Wall Street now forecasts -8.62% negative EPS growth.

Investors sentiment increased to 0.96 in 2017 Q3. Its up 0.06, from 0.9 in 2017Q2. It improved, as 46 investors sold GPC shares while 195 reduced holdings. 55 funds opened positions while 176 raised stakes. 108.15 million shares or 1.25% more from 106.82 million shares in 2017Q2 were reported. Ls Invest Lc has 0.21% invested in Genuine Parts Company (NYSE:GPC) for 36,676 shares. Trust Of Vermont reported 6,490 shares or 0.06% of all its holdings. Dodge & Cox holds 19,862 shares or 0% of its portfolio. 673,222 are held by Td Asset Inc. First City Management invested in 6,005 shares or 0.4% of the stock. World Asset Management Inc reported 17,477 shares. First Merchants Corp has invested 0.65% in Genuine Parts Company (NYSE:GPC). Moreover, Lord Abbett And Company Ltd Limited Liability Company has 0.03% invested in Genuine Parts Company (NYSE:GPC) for 102,100 shares. Warren Averett Asset Mgmt Ltd Liability Corporation invested in 7,922 shares or 0.16% of the stock. Moreover, Cincinnati has 1.23% invested in Genuine Parts Company (NYSE:GPC). 325,374 are held by Haverford Com. Old Dominion Cap Mgmt invested 0.68% of its portfolio in Genuine Parts Company (NYSE:GPC). Advisor Prns Ltd Llc has invested 0.09% in Genuine Parts Company (NYSE:GPC). Burney holds 0.02% or 3,197 shares in its portfolio. Washington Trust Commercial Bank has 0.01% invested in Genuine Parts Company (NYSE:GPC).

Catalyst Capital Advisors Llc, which manages about $653.50M and $2.29B US Long portfolio, upped its stake in Teleflex Inc (NYSE:TFX) by 8,000 shares to 63,000 shares, valued at $15.24M in 2017Q3, according to the filing. It also increased its holding in Kinder Morgan Inc Del (NYSE:KMI) by 165,200 shares in the quarter, for a total of 772,371 shares, and has risen its stake in Western Gas Equity Partners (NYSE:WGP).

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