Avery Dennison Corp. (AVY) Holder Navellier & Associates Has Lifted Holding by $2.46 Million; Bank Of Nova Scotia Boosted Stake in Bce (BCE)

April 21, 2018 - By Linda Rogers

Avery Dennison Corporation (NYSE:AVY) Logo

Bank Of Nova Scotia increased its stake in Bce Inc (BCE) by 15.05% based on its latest 2017Q4 regulatory filing with the SEC. Bank Of Nova Scotia bought 898,029 shares as the company’s stock declined 10.41% with the market. The institutional investor held 6.87 million shares of the public utilities company at the end of 2017Q4, valued at $329.68M, up from 5.97 million at the end of the previous reported quarter. Bank Of Nova Scotia who had been investing in Bce Inc for a number of months, seems to be bullish on the $36.33 billion market cap company. The stock increased 0.02% or $0.01 during the last trading session, reaching $41.91. About 1.55M shares traded or 44.80% up from the average. BCE Inc. (NYSE:BCE) has declined 3.54% since April 21, 2017 and is downtrending. It has underperformed by 15.09% the S&P500.

Louis Navellier increased its stake in Avery Dennison Corp. (AVY) by 58.31% based on its latest 2017Q4 regulatory filing with the SEC. Navellier & Associates Inc bought 21,573 shares as the company’s stock declined 8.51% with the market. The hedge fund run by Louis Navellier held 58,568 shares of the containers and packaging company at the end of 2017Q4, valued at $6.73M, up from 36,995 at the end of the previous reported quarter. Navellier & Associates Inc who had been investing in Avery Dennison Corp. for a number of months, seems to be bullish on the $9.44 billion market cap company. The stock decreased 0.53% or $0.57 during the last trading session, reaching $107.12. About 634,149 shares traded. Avery Dennison Corporation (NYSE:AVY) has risen 31.20% since April 21, 2017 and is uptrending. It has outperformed by 19.65% the S&P500.

Investors sentiment increased to 1.05 in Q4 2017. Its up 0.13, from 0.92 in 2017Q3. It improved, as 25 investors sold AVY shares while 180 reduced holdings. 79 funds opened positions while 137 raised stakes. 69.57 million shares or 0.73% less from 70.08 million shares in 2017Q3 were reported. West Oak Ltd Llc holds 1,500 shares or 0.11% of its portfolio. Guggenheim Ltd reported 723,874 shares stake. Lombard Odier Asset (Switzerland) Sa stated it has 21,207 shares or 0.24% of all its holdings. Verition Fund Mgmt Ltd Limited Liability Company reported 0.04% of its portfolio in Avery Dennison Corporation (NYSE:AVY). James accumulated 1.71% or 434,458 shares. Brown Advisory reported 2,793 shares. D E Shaw stated it has 18,755 shares or 0% of all its holdings. Spectrum Mgmt Gru owns 4,400 shares. First Advsr Lp stated it has 251,211 shares or 0.07% of all its holdings. M&T Bankshares holds 0.02% or 30,752 shares. Pnc Financial Group Inc accumulated 42,902 shares. 18,800 are owned by Icon Advisers Inc. Pitcairn has invested 0.08% in Avery Dennison Corporation (NYSE:AVY). Moreover, Condor Cap Mgmt has 0.15% invested in Avery Dennison Corporation (NYSE:AVY). American Int Group Inc reported 0.01% of its portfolio in Avery Dennison Corporation (NYSE:AVY).

Navellier & Associates Inc, which manages about $2.37 billion and $534.84 million US Long portfolio, decreased its stake in Nike Inc. (NYSE:NKE) by 10,000 shares to 4,400 shares, valued at $275,000 in 2017Q4, according to the filing. It also reduced its holding in Keycorp (NYSE:KEY) by 41,500 shares in the quarter, leaving it with 19,100 shares, and cut its stake in Advanced Energy Industries Inc (NASDAQ:AEIS).

Among 11 analysts covering Avery Dennison (NYSE:AVY), 5 have Buy rating, 2 Sell and 4 Hold. Therefore 45% are positive. Avery Dennison had 38 analyst reports since October 15, 2015 according to SRatingsIntel. On Thursday, February 1 the stock rating was downgraded by JP Morgan to “Underweight”. The company was maintained on Thursday, October 26 by Robert W. Baird. As per Wednesday, December 7, the company rating was upgraded by Bank of America. On Friday, March 16 the stock rating was downgraded by JP Morgan to “Underweight”. Bank of America downgraded Avery Dennison Corporation (NYSE:AVY) on Friday, July 1 to “Underperform” rating. KeyBanc Capital Markets maintained Avery Dennison Corporation (NYSE:AVY) on Monday, October 23 with “Hold” rating. The rating was maintained by Barclays Capital on Monday, October 30 with “Overweight”. The stock of Avery Dennison Corporation (NYSE:AVY) earned “Neutral” rating by JP Morgan on Monday, February 12. The firm has “Overweight” rating given on Thursday, October 27 by JP Morgan. The firm has “Neutral” rating by JP Morgan given on Friday, May 20.

Since October 27, 2017, it had 0 insider purchases, and 11 sales for $18.46 million activity. BARKER PETER K also sold $229,510 worth of Avery Dennison Corporation (NYSE:AVY) shares. Shares for $2.10M were sold by SCARBOROUGH DEAN A. $889,275 worth of Avery Dennison Corporation (NYSE:AVY) shares were sold by Butier Mitchell R. Shares for $2.50M were sold by Hill Anne on Thursday, February 22. Anderson Anthony sold $325,466 worth of stock.

Among 9 analysts covering BCE Inc. (NYSE:BCE), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. BCE Inc. had 23 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Tuesday, July 19 by Citigroup. The firm has “Buy” rating by Goldman Sachs given on Friday, December 4. The rating was upgraded by Canaccord Genuity to “Buy” on Friday, November 6. Macquarie Research downgraded the stock to “Underperform” rating in Tuesday, October 27 report. The firm has “Overweight” rating by Barclays Capital given on Tuesday, March 21. RBC Capital Markets upgraded the shares of BCE in report on Friday, October 16 to “Best Ideas List” rating. The company was maintained on Friday, November 6 by National Bank Canada. The firm has “Neutral” rating given on Thursday, May 26 by Citigroup. The rating was maintained by Canaccord Genuity on Friday, August 7 with “Hold”. On Monday, January 9 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”.

Avery Dennison Corporation (NYSE:AVY) Institutional Positions Chart

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