Capital Planning Advisors Trimmed Its United Parcel Service (UPS) Stake by $349,200; Coherent (COHR) Holder Kames Capital Plc Boosted Stake

February 21, 2018 - By Adrian Mccoy

Kames Capital Plc increased its stake in Coherent Inc. (COHR) by 6.36% based on its latest 2017Q3 regulatory filing with the SEC. Kames Capital Plc bought 26,803 shares as the company’s stock rose 26.93% with the market. The institutional investor held 448,539 shares of the capital goods company at the end of 2017Q3, valued at $105.47 million, up from 421,736 at the end of the previous reported quarter. Kames Capital Plc who had been investing in Coherent Inc. for a number of months, seems to be bullish on the $5.31 billion market cap company. The stock increased 1.58% or $3.33 during the last trading session, reaching $213.74. About 748,570 shares traded or 41.05% up from the average. Coherent, Inc. (NASDAQ:COHR) has risen 187.82% since February 21, 2017 and is uptrending. It has outperformed by 171.12% the S&P500.

Ken Heebner decreased its stake in United Parcel Service Inc (UPS) by 22.23% based on its latest 2017Q3 regulatory filing with the SEC. Capital Planning Advisors Llc sold 2,910 shares as the company’s stock declined 3.26% while stock markets rallied. The hedge fund run by Ken Heebner held 10,180 shares of the transportation company at the end of 2017Q3, valued at $1.22 million, down from 13,090 at the end of the previous reported quarter. Capital Planning Advisors Llc who had been investing in United Parcel Service Inc for a number of months, seems to be less bullish one the $89.95 billion market cap company. The stock decreased 1.59% or $1.69 during the last trading session, reaching $104.71. About 5.23M shares traded or 21.22% up from the average. United Parcel Service, Inc. (NYSE:UPS) has risen 2.10% since February 21, 2017 and is uptrending. It has underperformed by 14.60% the S&P500.

Capital Planning Advisors Llc, which manages about $180.00 million and $255.23M US Long portfolio, upped its stake in Broadcom Ltd by 1,407 shares to 2,266 shares, valued at $550,000 in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (IWO) by 2,453 shares in the quarter, for a total of 7,270 shares, and has risen its stake in Travelers Companies Inc (NYSE:TRV).

Among 24 analysts covering United Parcel Service (NYSE:UPS), 10 have Buy rating, 1 Sell and 13 Hold. Therefore 42% are positive. United Parcel Service had 68 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, July 29 by S&P Research. The stock of United Parcel Service, Inc. (NYSE:UPS) has “Neutral” rating given on Tuesday, December 13 by JP Morgan. The stock of United Parcel Service, Inc. (NYSE:UPS) has “Sell” rating given on Monday, December 11 by Morgan Stanley. The stock of United Parcel Service, Inc. (NYSE:UPS) earned “Hold” rating by Cowen & Co on Monday, August 21. On Wednesday, October 28 the stock rating was maintained by Macquarie Research with “Neutral”. As per Thursday, February 1, the company rating was maintained by Susquehanna. Oppenheimer maintained the stock with “Buy” rating in Thursday, July 27 report. The firm earned “Buy” rating on Tuesday, August 2 by Argus Research. The firm earned “Hold” rating on Thursday, January 18 by Stifel Nicolaus. Robert W. Baird maintained the stock with “Hold” rating in Thursday, August 24 report.

Analysts await United Parcel Service, Inc. (NYSE:UPS) to report earnings on April, 26. They expect $1.54 EPS, up 16.67% or $0.22 from last year’s $1.32 per share. UPS’s profit will be $1.32 billion for 17.00 P/E if the $1.54 EPS becomes a reality. After $1.67 actual EPS reported by United Parcel Service, Inc. for the previous quarter, Wall Street now forecasts -7.78% negative EPS growth.

Investors sentiment increased to 1.14 in Q3 2017. Its up 0.09, from 1.05 in 2017Q2. It improved, as 46 investors sold UPS shares while 390 reduced holdings. 104 funds opened positions while 395 raised stakes. 451.38 million shares or 0.77% more from 447.95 million shares in 2017Q2 were reported. Laffer Invests reported 0.22% of its portfolio in United Parcel Service, Inc. (NYSE:UPS). Sandler Capital Mgmt reported 56,010 shares. 4,000 are owned by New Jersey Better Educational Savings. Acg Wealth has 48,945 shares. Crestpoint Capital Mngmt Limited Liability has invested 0.26% in United Parcel Service, Inc. (NYSE:UPS). Financial Bank Hapoalim Bm owns 13,968 shares. Principal Fincl Gru has invested 0.15% of its portfolio in United Parcel Service, Inc. (NYSE:UPS). Bryn Mawr Trust reported 150,575 shares. Sentry Investments has 1.05M shares. Ally Fin Inc stated it has 0.23% in United Parcel Service, Inc. (NYSE:UPS). 189,141 were reported by Jane Street Group Inc Ltd Liability. Cornerstone Investment Prns Ltd Liability accumulated 11,670 shares or 0.03% of the stock. Iat Reinsurance Com Ltd has invested 0.37% in United Parcel Service, Inc. (NYSE:UPS). Edge Wealth Management Lc, a New York-based fund reported 11,525 shares. Foothills Asset Management owns 20,071 shares for 1.81% of their portfolio.

Kames Capital Plc, which manages about $3.65 billion US Long portfolio, decreased its stake in Celgene Corporation (NASDAQ:CELG) by 10,942 shares to 800,335 shares, valued at $116.68 million in 2017Q3, according to the filing. It also reduced its holding in Exxon Mobil Corporation (NYSE:XOM) by 17,991 shares in the quarter, leaving it with 14,247 shares, and cut its stake in Cisco Systems Inc. (NASDAQ:CSCO).

Among 7 analysts covering Coherent (NASDAQ:COHR), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Coherent had 29 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was upgraded by Susquehanna to “Positive” on Thursday, August 3. Stifel Nicolaus maintained Coherent, Inc. (NASDAQ:COHR) rating on Tuesday, January 3. Stifel Nicolaus has “Buy” rating and $145 target. The rating was maintained by Needham with “Buy” on Thursday, November 3. Stifel Nicolaus maintained the shares of COHR in report on Thursday, February 8 with “Buy” rating. The stock has “Buy” rating by Needham on Wednesday, August 2. The stock of Coherent, Inc. (NASDAQ:COHR) earned “Buy” rating by Benchmark on Monday, May 23. The firm has “Buy” rating by Needham given on Wednesday, November 8. The stock has “Overweight” rating by Barclays Capital on Thursday, February 8. On Friday, January 29 the stock rating was maintained by Stifel Nicolaus with “Buy”. Benchmark maintained Coherent, Inc. (NASDAQ:COHR) rating on Thursday, November 10. Benchmark has “Buy” rating and $125 target.

Since September 12, 2017, it had 0 insider buys, and 3 sales for $6.77 million activity. The insider SKAGGS STEPHEN A sold 500 shares worth $106,135. AMBROSEO JOHN also sold $6.25M worth of Coherent, Inc. (NASDAQ:COHR) shares.

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