As Wal (WMT) Stock Value Declined, Abner Herrman & Brock Upped Stake; Prologis (PLD) Shareholder Pacific Heights Asset Management Lowered Holding by $9.30 Million as Market Valuation Rose

June 17, 2018 - By Hazel Jackson

Prologis, Inc. (NYSE:PLD) Logo

Pacific Heights Asset Management Llc decreased its stake in Prologis Inc (PLD) by 42.86% based on its latest 2018Q1 regulatory filing with the SEC. Pacific Heights Asset Management Llc sold 150,000 shares as the company’s stock rose 5.06% while stock markets declined. The institutional investor held 200,000 shares of the consumer services company at the end of 2018Q1, valued at $12.60M, down from 350,000 at the end of the previous reported quarter. Pacific Heights Asset Management Llc who had been investing in Prologis Inc for a number of months, seems to be less bullish one the $34.64B market cap company. The stock decreased 0.73% or $0.47 during the last trading session, reaching $63.95. About 4.50 million shares traded or 73.26% up from the average. Prologis, Inc. (NYSE:PLD) has risen 15.22% since June 17, 2017 and is uptrending. It has outperformed by 2.65% the S&P500. Some Historical PLD News: 30/04/2018 – PROLOGIS CEO HAMID MOGHADAM SPEAKS ON DCT ACQUISITION CALL; 17/04/2018 – PROLOGIS INC SEES 2018 CASH SAME STORE NOI – PROLOGIS SHARE 5.5% TO 6.5%; 19/04/2018 – ProLogis Property Mexico 1Q Net 5.01c; 27/03/2018 – PROLOGIS INC PLD.N : JP MORGAN RAISES TARGET PRICE TO $68 FROM $67; 06/04/2018 – Fitch Affirms Prologis at ‘BBB+’; Outlook Revised to Positive; 07/05/2018 – The Law Offices of Vincent Wong Notifies Investors of an Investigation into DCT Industrial Trust Inc. in Connection with the Sale of the Company to Prologis, Inc; 29/04/2018 – Prologis Will Acquire DCT for $8.4B in a Stk-for-Stk Transaction, Including the Assumption of Debt; 30/04/2018 – PROLOGIS CEO: EXPECT TO TRIM $550M OF DCT PORTFOLIO IN 2 YEARS; 14/05/2018 – The Law Offices of Vincent Wong Reminds Investors of an Investigation into DCT Industrial Trust Inc. in Connection with the Sale of the Company to Prologis, Inc. — DCT; 29/04/2018 – Prologis, DCT Transaction Expected to Close in the 3Q of 2018

Abner Herrman & Brock Llc increased its stake in Wal (WMT) by 945.31% based on its latest 2018Q1 regulatory filing with the SEC. Abner Herrman & Brock Llc bought 104,977 shares as the company’s stock declined 11.45% with the market. The institutional investor held 116,082 shares of the consumer services company at the end of 2018Q1, valued at $10.33M, up from 11,105 at the end of the previous reported quarter. Abner Herrman & Brock Llc who had been investing in Wal for a number of months, seems to be bullish on the $246.99 billion market cap company. The stock decreased 0.11% or $0.09 during the last trading session, reaching $83.7. About 12.50M shares traded or 33.42% up from the average. Walmart Inc. (NYSE:WMT) has risen 5.30% since June 17, 2017 and is uptrending. It has underperformed by 7.27% the S&P500. Some Historical WMT News: 04/05/2018 – INDIA’S FLIPKART YET TO FINALIZE STAKE SALE DEAL WITH WALMART; 09/05/2018 – EBAY – TO RELAUNCH EBAY INDIA FOCUSING INITIALLY ON CROSS-BORDER TRADE OPPORTUNITY; 28/04/2018 – Sainsbury Is in Advanced Talks to Combine With Walmart’s Asda; 29/03/2018 – Walmart talking with Humana on closer ties; acquisition possible; 06/04/2018 – Krishna N. Das: Walmart completes due diligence for buying into Flipkart; 12/04/2018 – JAPAN’S SOFTBANK GROUP 9984.T UNLIKELY TO SELL FLIPKART SHARES TO WALMART; 11/05/2018 – Walmart slides after $16bn deal to buy India’s Flipkart; 09/05/2018 – WALMART INC WMT.N SAYS INTL CEO SAYS FLIPKART HAS AN INCREDIBLY STRONG GROWING APPAREL BUSINESS; 23/03/2018 – Major Walmart supplier considers shifting away from China sourcing; 08/05/2018 – ♫ Reuters Insider – Asia Insight: Takeda snatches Shire in sweetened $62.4 bln deal

Since June 5, 2018, it had 0 insider buys, and 11 sales for $838.36 million activity. WALTON S ROBSON also sold $100.75 million worth of Walmart Inc. (NYSE:WMT) shares. WALTON ALICE L also sold $92.97M worth of Walmart Inc. (NYSE:WMT) on Monday, June 11. Chojnowski David had sold 5,442 shares worth $464,176 on Thursday, June 7. $1.57 million worth of stock was sold by Furner John R. on Wednesday, June 6. $676,503 worth of Walmart Inc. (NYSE:WMT) was sold by Canney Jacqueline P.

Investors sentiment decreased to 0.88 in Q1 2018. Its down 0.11, from 0.99 in 2017Q4. It dropped, as 100 investors sold WMT shares while 555 reduced holdings. 128 funds opened positions while 451 raised stakes. 856.22 million shares or 1.10% less from 865.70 million shares in 2017Q4 were reported. 37,788 were reported by Advisor Prtnrs Ltd Liability. Choate Invest Advisors has invested 0% in Walmart Inc. (NYSE:WMT). Fayez Sarofim & Co, a Texas-based fund reported 983,574 shares. Stelac Advisory Services Limited Liability holds 1,411 shares or 0.04% of its portfolio. Ws Mngmt Lllp invested in 0.41% or 176,500 shares. Folger Nolan Fleming Douglas Cap Mgmt has invested 0.04% in Walmart Inc. (NYSE:WMT). 47,000 are owned by Opus Inv Mngmt. Sg Americas Securities Limited Liability Com has 231,982 shares for 0.17% of their portfolio. 828 were reported by Fincl. Oakworth has 6,353 shares for 0.13% of their portfolio. 53,196 are held by Marble Harbor Invest Counsel Limited Liability Com. Covington Advsr Incorporated has invested 0.42% in Walmart Inc. (NYSE:WMT). Blb&B Llc invested in 0.05% or 3,902 shares. Sabal reported 0.02% in Walmart Inc. (NYSE:WMT). 11,200 are owned by Kdi Cap Prtnrs Limited.

Among 38 analysts covering Wal-Mart Stores Inc (NYSE:WMT), 17 have Buy rating, 0 Sell and 21 Hold. Therefore 45% are positive. Wal-Mart Stores Inc had 159 analyst reports since August 14, 2015 according to SRatingsIntel. Cowen & Co maintained Walmart Inc. (NYSE:WMT) rating on Wednesday, September 20. Cowen & Co has “Buy” rating and $86.0 target. Cowen & Co upgraded the stock to “Outperform” rating in Monday, September 12 report. The rating was maintained by Sterne Agee CRT with “Neutral” on Tuesday, August 18. The company was maintained on Thursday, August 17 by Wells Fargo. The stock of Walmart Inc. (NYSE:WMT) has “Equal-Weight” rating given on Thursday, May 19 by Morgan Stanley. As per Monday, September 11, the company rating was downgraded by Deutsche Bank. The firm has “Buy” rating by Robert W. Baird given on Monday, October 2. The stock of Walmart Inc. (NYSE:WMT) earned “Buy” rating by Goldman Sachs on Thursday, January 18. The firm has “Neutral” rating given on Monday, May 15 by Bernstein. The firm has “Overweight” rating by Stephens given on Friday, August 11.

More notable recent Walmart Inc. (NYSE:WMT) news were published by: Fool.com which released: “Kroger Earnings: What to Watch” on June 17, 2018, also Seekingalpha.com with their article: “Walmart: Bye Bye Brazil” published on June 05, 2018, Seekingalpha.com published: “Walmart Isn’t Done Yet” on May 30, 2018. More interesting news about Walmart Inc. (NYSE:WMT) were released by: Fool.com and their article: “Better Buy: Amazon.com vs. Google” published on June 17, 2018 as well as Seekingalpha.com‘s news article titled: “Walmart Could Become Casualty Of Trade War” with publication date: June 14, 2018.

Investors sentiment decreased to 1.04 in 2018 Q1. Its down 0.18, from 1.22 in 2017Q4. It worsened, as 43 investors sold PLD shares while 186 reduced holdings. 60 funds opened positions while 178 raised stakes. 483.90 million shares or 2.16% less from 494.61 million shares in 2017Q4 were reported. Piedmont Inv Limited Liability has 57,695 shares for 0.1% of their portfolio. 555,533 were reported by Natl Pension Ser. Geode Capital Mgmt has 7.21M shares for 0.15% of their portfolio. 4,188 are owned by Hgk Asset. Fisher Asset Mngmt Limited Liability Company invested 0.03% in Prologis, Inc. (NYSE:PLD). M&T Retail Bank Corp reported 58,116 shares or 0.02% of all its holdings. Federated Pa reported 52,501 shares. Forward Mgmt Lc has 41,380 shares. Independent Order Of Foresters has 1.31% invested in Prologis, Inc. (NYSE:PLD) for 22,511 shares. Cibc Ww Corp accumulated 69,101 shares. Moreover, Ferguson Wellman Capital has 0.01% invested in Prologis, Inc. (NYSE:PLD). Mutual Of America Cap Mngmt Limited Liability Company invested in 0.1% or 98,842 shares. Moreover, Pacific Heights Asset Mgmt Ltd Llc has 1.34% invested in Prologis, Inc. (NYSE:PLD). Gotham Asset has 0.01% invested in Prologis, Inc. (NYSE:PLD). Bbr Prtn Ltd Llc owns 4,336 shares for 0.05% of their portfolio.

Among 26 analysts covering Prologis (NYSE:PLD), 18 have Buy rating, 1 Sell and 7 Hold. Therefore 69% are positive. Prologis had 77 analyst reports since July 22, 2015 according to SRatingsIntel. As per Tuesday, October 17, the company rating was maintained by Stifel Nicolaus. On Monday, October 30 the stock rating was maintained by Jefferies with “Hold”. The stock of Prologis, Inc. (NYSE:PLD) has “Buy” rating given on Thursday, August 25 by BTIG Research. The stock of Prologis, Inc. (NYSE:PLD) has “Buy” rating given on Friday, November 17 by SunTrust. The firm earned “In-Line” rating on Monday, September 25 by Evercore. The rating was downgraded by Bank of America to “Neutral” on Friday, June 24. The firm has “Hold” rating given on Thursday, November 12 by BB&T Capital. The firm has “Buy” rating by Evercore given on Tuesday, September 8. Oppenheimer maintained the stock with “Outperform” rating in Wednesday, January 27 report. As per Monday, January 8, the company rating was maintained by Robert W. Baird.

Analysts await Prologis, Inc. (NYSE:PLD) to report earnings on July, 17. They expect $0.71 earnings per share, down 15.48% or $0.13 from last year’s $0.84 per share. PLD’s profit will be $384.55 million for 22.52 P/E if the $0.71 EPS becomes a reality. After $0.80 actual earnings per share reported by Prologis, Inc. for the previous quarter, Wall Street now forecasts -11.25% negative EPS growth.

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