Starbucks (SBUX) Holder Cim Investment Mangement Has Boosted Its Holding by $1.10 Million as Shares Rose; As Imperial Oil LTD (IMO) Stock Price Declined, Shareholder Artisan Partners Limited Partnership Lifted Its Position

February 22, 2018 - By mmahotstuff

Cim Investment Mangement Inc increased its stake in Starbucks (SBUX) by 218.11% based on its latest 2017Q3 regulatory filing with the SEC. Cim Investment Mangement Inc bought 20,766 shares as the company’s stock rose 6.99% with the market. The institutional investor held 30,287 shares of the restaurants company at the end of 2017Q3, valued at $1.63M, up from 9,521 at the end of the previous reported quarter. Cim Investment Mangement Inc who had been investing in Starbucks for a number of months, seems to be bullish on the $78.02 billion market cap company. The stock decreased 1.06% or $0.595 during the last trading session, reaching $55.505. About 6.73M shares traded. Starbucks Corporation (NASDAQ:SBUX) has risen 12.48% since February 22, 2017 and is uptrending. It has underperformed by 4.22% the S&P500.

Artisan Partners Limited Partnership increased its stake in Imperial Oil Ltd (IMO) by 21.93% based on its latest 2017Q3 regulatory filing with the SEC. Artisan Partners Limited Partnership bought 4.67M shares as the company’s stock declined 11.40% while stock markets rallied. The institutional investor held 25.96M shares of the integrated oil company at the end of 2017Q3, valued at $829.40M, up from 21.29 million at the end of the previous reported quarter. Artisan Partners Limited Partnership who had been investing in Imperial Oil Ltd for a number of months, seems to be bullish on the $22.29 billion market cap company. The stock increased 0.41% or $0.11 during the last trading session, reaching $27.07. About 280,401 shares traded. Imperial Oil Limited (NYSEMKT:IMO) has declined 6.78% since February 22, 2017 and is downtrending. It has underperformed by 23.48% the S&P500.

Since September 7, 2017, it had 0 insider buys, and 3 selling transactions for $13.98 million activity. ULLMAN MYRON E III had sold 22,966 shares worth $1.23M on Thursday, September 7. Another trade for 64,776 shares valued at $3.47M was sold by CULVER JOHN.

Investors sentiment decreased to 0.97 in 2017 Q3. Its down 0.24, from 1.21 in 2017Q2. It turned negative, as 95 investors sold SBUX shares while 448 reduced holdings. 100 funds opened positions while 428 raised stakes. 972.68 million shares or 1.58% less from 988.30 million shares in 2017Q2 were reported. Artemis Llp accumulated 2,928 shares. Wealthfront Inc has 0.02% invested in Starbucks Corporation (NASDAQ:SBUX) for 32,321 shares. Fdx Advsrs Inc reported 84,469 shares. Intersect Ltd Com, a California-based fund reported 7,794 shares. 566,143 are held by Van Eck Associate Corp. Glovista Invests Lc has 14,188 shares. California Employees Retirement invested 0.27% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Main Street Ltd Liability Co reported 7,396 shares. Massachusetts-based New England Private Wealth Advsr Ltd Llc has invested 0.16% in Starbucks Corporation (NASDAQ:SBUX). Trust Company Of Vermont accumulated 122,019 shares. Hollencrest Secs Limited Liability Co reported 6,364 shares. 195,000 are held by Motley Fool Asset Mngmt Ltd Liability Corp. Financial Mngmt Professionals holds 0.01% or 306 shares. Sawgrass Asset Mngmt Ltd reported 706,085 shares. D E Shaw And invested in 87,984 shares.

Cim Investment Mangement Inc, which manages about $1.03 billion and $275.33M US Long portfolio, decreased its stake in Mastercard Inc (NYSE:MA) by 4,076 shares to 7,711 shares, valued at $1.09M in 2017Q3, according to the filing. It also reduced its holding in Littelfuse Inc (NASDAQ:LFUS) by 1,841 shares in the quarter, leaving it with 1,842 shares, and cut its stake in Epam Systems (NYSE:EPAM).

Among 37 analysts covering Starbucks Corporation (NASDAQ:SBUX), 25 have Buy rating, 0 Sell and 12 Hold. Therefore 68% are positive. Starbucks Corporation had 100 analyst reports since July 28, 2015 according to SRatingsIntel. Vetr downgraded the shares of SBUX in report on Thursday, September 3 to “Buy” rating. The stock of Starbucks Corporation (NASDAQ:SBUX) has “Neutral” rating given on Thursday, February 1 by Mizuho. RBC Capital Markets maintained the shares of SBUX in report on Friday, September 15 with “Buy” rating. The rating was maintained by BMO Capital Markets with “Hold” on Tuesday, October 3. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, December 21. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, October 19. RBC Capital Markets maintained the shares of SBUX in report on Friday, October 30 with “Outperform” rating. Vetr downgraded the shares of SBUX in report on Friday, August 28 to “Strong-Buy” rating. As per Wednesday, August 9, the company rating was downgraded by BMO Capital Markets. The rating was maintained by Robert W. Baird on Thursday, January 25 with “Buy”.

Among 8 analysts covering Imperial Oil (NYSEMKT:IMO), 2 have Buy rating, 3 Sell and 3 Hold. Therefore 25% are positive. Imperial Oil had 10 analyst reports since October 12, 2015 according to SRatingsIntel. Macquarie Research downgraded the shares of IMO in report on Tuesday, January 24 to “Underperform” rating. As per Thursday, August 25, the company rating was initiated by JP Morgan. On Monday, October 24 the stock rating was upgraded by Credit Suisse to “Outperform”. Goldman Sachs downgraded the stock to “Sell” rating in Wednesday, April 5 report. Macquarie Research upgraded the shares of IMO in report on Monday, October 31 to “Neutral” rating. RBC Capital Markets maintained Imperial Oil Limited (NYSEAMERICAN:IMO) on Thursday, November 5 with “Sector Perform” rating. The firm has “Outperform” rating given on Thursday, September 22 by Raymond James. Bank of America initiated Imperial Oil Limited (NYSEAMERICAN:IMO) on Friday, August 19 with “Underperform” rating. The firm earned “Neutral” rating on Tuesday, October 25 by Goldman Sachs. The company was downgraded on Monday, October 12 by Barclays Capital.

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