Hanesbrands (HBI) Stock Value Declined While Grimes & Company Has Lowered Stake; Apple (AAPL) Share Price Rose While Pictet & Cie Europe Sa Has Cut Its Holding by $3.35 Million

February 17, 2018 - By Adrian Erickson

Pictet & Cie Europe Sa decreased its stake in Apple Inc (AAPL) by 15.13% based on its latest 2017Q3 regulatory filing with the SEC. Pictet & Cie Europe Sa sold 21,731 shares as the company’s stock rose 12.78% with the market. The institutional investor held 121,855 shares of the computer manufacturing company at the end of 2017Q3, valued at $18.78 million, down from 143,586 at the end of the previous reported quarter. Pictet & Cie Europe Sa who had been investing in Apple Inc for a number of months, seems to be less bullish one the $874.91 billion market cap company. The stock decreased 0.32% or $0.56 during the last trading session, reaching $172.43. About 40.18M shares traded or 18.57% up from the average. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since February 17, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Grimes & Company Inc decreased its stake in Hanesbrands Inc (HBI) by 5.15% based on its latest 2017Q3 regulatory filing with the SEC. Grimes & Company Inc sold 18,334 shares as the company’s stock declined 1.43% while stock markets rallied. The institutional investor held 337,472 shares of the clothing and shoe and accessory stores company at the end of 2017Q3, valued at $8.32M, down from 355,806 at the end of the previous reported quarter. Grimes & Company Inc who had been investing in Hanesbrands Inc for a number of months, seems to be less bullish one the $7.38 billion market cap company. The stock decreased 0.39% or $0.08 during the last trading session, reaching $20.49. About 4.76 million shares traded. Hanesbrands Inc. (NYSE:HBI) has declined 23.23% since February 17, 2017 and is downtrending. It has underperformed by 39.93% the S&P500.

Investors sentiment decreased to 1.15 in Q3 2017. Its down 0.18, from 1.33 in 2017Q2. It worsened, as 43 investors sold HBI shares while 189 reduced holdings. 78 funds opened positions while 188 raised stakes. 334.65 million shares or 1.31% more from 330.33 million shares in 2017Q2 were reported. Parnassus Invs Ca stated it has 2.78M shares or 0.28% of all its holdings. Massachusetts-based Fmr Ltd Llc has invested 0.03% in Hanesbrands Inc. (NYSE:HBI). At Bancorporation owns 0.19% invested in Hanesbrands Inc. (NYSE:HBI) for 66,481 shares. Goldman Sachs Gp Inc reported 3.32 million shares or 0.02% of all its holdings. Hahn Capital Management Limited Company owns 662,884 shares. 29,821 are owned by Carroll Financial Assoc. Raymond James Tru Na has 0.04% invested in Hanesbrands Inc. (NYSE:HBI) for 20,820 shares. North Star Invest Mgmt owns 2,896 shares. Magnetar Financial Limited Liability reported 0.03% stake. Sg Americas Securities Lc reported 61,453 shares. Robeco Institutional Asset Bv holds 6,904 shares or 0% of its portfolio. Vnbtrust National Association stated it has 0.1% in Hanesbrands Inc. (NYSE:HBI). Dumont & Blake Advisors Ltd Liability Company stated it has 43,870 shares. State Of Alaska Department Of Revenue holds 44,703 shares or 0.06% of its portfolio. Bb&T Corp invested in 0.3% or 622,807 shares.

Among 19 analysts covering Hanesbrands (NYSE:HBI), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Hanesbrands had 57 analyst reports since September 17, 2015 according to SRatingsIntel. The stock of Hanesbrands Inc. (NYSE:HBI) has “Outperform” rating given on Friday, October 16 by Oppenheimer. The rating was maintained by B. Riley & Co on Friday, February 9 with “Buy”. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Market Perform” rating by Wells Fargo on Friday, February 9. Deutsche Bank initiated it with “Buy” rating and $29.0 target in Monday, October 23 report. Stifel Nicolaus maintained Hanesbrands Inc. (NYSE:HBI) on Friday, February 3 with “Hold” rating. The firm earned “Buy” rating on Friday, February 5 by UBS. Oppenheimer maintained the shares of HBI in report on Tuesday, August 29 with “Buy” rating. Stifel Nicolaus maintained the shares of HBI in report on Monday, September 25 with “Hold” rating. The rating was maintained by Citigroup on Thursday, August 4 with “Buy”. CL King upgraded Hanesbrands Inc. (NYSE:HBI) on Monday, December 12 to “Buy” rating.

Grimes & Company Inc, which manages about $1.63 billion and $940.51 million US Long portfolio, upped its stake in Powershares Bank Loan Etf (BKLN) by 118,101 shares to 2.14 million shares, valued at $49.48M in 2017Q3, according to the filing. It also increased its holding in Nike Inc. (NYSE:NKE) by 112,397 shares in the quarter, for a total of 117,061 shares, and has risen its stake in Spdr Nuveen S&P High Yield Mun (HYMB).

Since August 28, 2017, it had 0 insider buys, and 1 insider sale for $250,536 activity.

Since August 15, 2017, it had 0 insider buys, and 7 insider sales for $70.47 million activity. The insider COOK TIMOTHY D sold 268,623 shares worth $43.15 million. On Thursday, December 7 the insider Riccio Daniel J. sold $2.65M. Shares for $1.70 million were sold by Srouji Johny. SCHILLER PHILIP W had sold 56,808 shares worth $8.79M. Shares for $9.78M were sold by AHRENDTS ANGELA J on Tuesday, October 3.

Investors sentiment increased to 0.7 in Q3 2017. Its up 0.02, from 0.68 in 2017Q2. It is positive, 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. Hanseatic Svcs Incorporated reported 29,220 shares. Bailard owns 173,558 shares. Benin Mgmt reported 28,344 shares. New England Private Wealth Advsr holds 1.03% or 22,337 shares in its portfolio. Pring Turner Capital holds 0.39% in Apple Inc. (NASDAQ:AAPL) or 2,575 shares. Jpmorgan Chase And has 52.76M shares. Capital holds 6,339 shares. First Interstate Savings Bank stated it has 3.67% in Apple Inc. (NASDAQ:AAPL). Amica Retiree Medical accumulated 30,922 shares or 3.75% of the stock. Platinum Inv Ltd stated it has 0.09% of its portfolio in Apple Inc. (NASDAQ:AAPL). Atwood & Palmer has invested 2.62% in Apple Inc. (NASDAQ:AAPL). Gilman Hill Asset Mgmt Ltd has 9,636 shares. Bouchey Group Limited invested in 78,261 shares or 3.78% of the stock. Wedgewood Invsts Pa has invested 0.27% in Apple Inc. (NASDAQ:AAPL). Rand Wealth Ltd Limited Liability Company reported 1.3% of its portfolio in Apple Inc. (NASDAQ:AAPL).

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. The stock has “Overweight” rating by Barclays Capital on Thursday, September 29. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by Canaccord Genuity on Tuesday, August 22. CLSA maintained the stock with “Buy” rating in Wednesday, April 27 report. The stock of Apple Inc. (NASDAQ:AAPL) has “Outperform” rating given on Wednesday, December 23 by FBR Capital. Brean Capital maintained the stock with “Buy” rating in Wednesday, October 26 report. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Friday, November 3 by Bernstein. The firm has “Buy” rating by RBC Capital Markets given on Friday, September 11. The stock has “Overweight” rating by Barclays Capital on Wednesday, April 27. As per Wednesday, January 27, the company rating was maintained by Maxim Group. The stock has “Buy” rating by Nomura on Friday, September 11.

Pictet & Cie Europe Sa, which manages about $697.36 million US Long portfolio, upped its stake in Ishares Tr (EEM) by 67,890 shares to 95,000 shares, valued at $4.26 million in 2017Q3, according to the filing. It also increased its holding in Wells Fargo Co New (NYSE:WFC) by 35,537 shares in the quarter, for a total of 128,287 shares, and has risen its stake in Mcdonalds Corp (NYSE:MCD).

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