First Fiduciary Investment Counsel Boosted Holding in Schlumberger LTD (SLB) by $1.16 Million; As Amazon.Com (AMZN) Share Price Rose, General American Investors Company Decreased Holding by $2.89 Million

June 18, 2018 - By Michael Collier

Amazon.com, Inc. (NASDAQ:AMZN) Logo

General American Investors Company Inc decreased its stake in Amazon.Com Inc. (AMZN) by 10% based on its latest 2018Q1 regulatory filing with the SEC. General American Investors Company Inc sold 2,000 shares as the company’s stock rose 5.80% while stock markets declined. The institutional investor held 18,000 shares of the consumer services company at the end of 2018Q1, valued at $26.05 million, down from 20,000 at the end of the previous reported quarter. General American Investors Company Inc who had been investing in Amazon.Com Inc. for a number of months, seems to be less bullish one the $836.43B market cap company. The stock increased 0.46% or $7.82 during the last trading session, reaching $1723.79. About 2.79M shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 62.09% since June 18, 2017 and is uptrending. It has outperformed by 49.52% the S&P500. Some Historical AMZN News: 16/04/2018 – New York Post: Amazon warehouse workers pee into bottles to avoid wasting time: undercover investigator; 07/03/2018 – WPP CEO: AMAZON LESS KEEN TO SHARE DATA THAN GOOGLE, FACEBOOK; 27/03/2018 – Tech companies, like Amazon, Apple and IBM, all cover the surgery; 29/03/2018 – Amazon extends slump after Trump tweet; 17/05/2018 – Start-ups have a better shot than Amazon at fixing health care, says prominent tech investor; 16/04/2018 – CNBC reported Amazon Business has shelved a plan to sell drugs to hospitals; 06/03/2018 – Examining Amazon’s Ambitious 2018 (Video); 27/04/2018 – AMAZON.COM – BORROWINGS UNDER AMENDED & RESTATED CREDIT AGREEMENT WILL BE USED FOR BACKSTOPPING ANY NOTES CO MAY ISSUE UNDER COMMERCIAL PAPER PROGRAM; 07/03/2018 – AMAZON SAYS EXTENDS ELIGIBILITY FOR DISCOUNTED PRIME MEMBERSHIP TO INCLUDE QUALIFYING RECIPIENTS OF MEDICAID; 09/04/2018 – Variety: Amazon Reorganizes Series-Development Team Under Jennifer Salke, Names Albert Cheng Co-Head of TV

First Fiduciary Investment Counsel Inc increased its stake in Schlumberger Ltd (SLB) by 8.99% based on its latest 2018Q1 regulatory filing with the SEC. First Fiduciary Investment Counsel Inc bought 18,055 shares as the company’s stock rose 2.80% while stock markets declined. The institutional investor held 218,947 shares of the oilfield services and equipment company at the end of 2018Q1, valued at $14.18 million, up from 200,892 at the end of the previous reported quarter. First Fiduciary Investment Counsel Inc who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $92.83 billion market cap company. The stock increased 0.28% or $0.19 during the last trading session, reaching $67.02. About 4.49M shares traded. Schlumberger Limited (NYSE:SLB) has declined 1.14% since June 18, 2017 and is downtrending. It has underperformed by 13.71% the S&P500.

General American Investors Company Inc, which manages about $1.05B US Long portfolio, upped its stake in Pioneer Natural Resources Comp (NYSE:PXD) by 4,300 shares to 32,950 shares, valued at $5.66 million in 2018Q1, according to the filing. It also increased its holding in Applied Materials Inc. (NASDAQ:AMAT) by 10,000 shares in the quarter, for a total of 249,756 shares, and has risen its stake in Asml Holding N.V. (NASDAQ:ASML).

More notable recent Amazon.com, Inc. (NASDAQ:AMZN) news were published by: Seekingalpha.com which released: “Amazon’s New Secret To Accelerating Earnings Growth” on June 18, 2018, also Seekingalpha.com with their article: “Seattle council repeals ‘head tax'” published on June 13, 2018, Seekingalpha.com published: “Amazon Goes To The Customer” on June 11, 2018. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Seekingalpha.com and their article: “Microsoft takes aim at Amazon Go” published on June 14, 2018 as well as Seekingalpha.com‘s news article titled: “Nvidia: The Rally Might Just Be Getting Started” with publication date: June 17, 2018.

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on July, 26. They expect $2.52 earnings per share, up 530.00% or $2.12 from last year’s $0.4 per share. AMZN’s profit will be $1.22B for 171.01 P/E if the $2.52 EPS becomes a reality. After $3.27 actual earnings per share reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -22.94% negative EPS growth.

Among 55 analysts covering Amazon.com (NASDAQ:AMZN), 52 have Buy rating, 0 Sell and 3 Hold. Therefore 95% are positive. Amazon.com had 305 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Outperform” rating by RBC Capital Markets on Friday, October 23. The company was maintained on Thursday, July 20 by Morgan Stanley. The firm earned “Overweight” rating on Friday, April 27 by Barclays Capital. The firm has “Buy” rating by Jefferies given on Friday, October 27. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Outperform” rating by Oppenheimer on Friday, January 29. Cowen & Co maintained the stock with “Buy” rating in Wednesday, January 3 report. On Friday, July 28 the stock rating was maintained by Morgan Stanley with “Buy”. Raymond James upgraded Amazon.com, Inc. (NASDAQ:AMZN) rating on Thursday, August 27. Raymond James has “Outperform” rating and $640 target. The firm earned “Buy” rating on Wednesday, October 11 by Canaccord Genuity. Morgan Stanley maintained Amazon.com, Inc. (NASDAQ:AMZN) rating on Friday, February 3. Morgan Stanley has “Overweight” rating and $900 target.

Since February 15, 2018, it had 0 insider buys, and 21 selling transactions for $63.19 million activity. $2.91M worth of Amazon.com, Inc. (NASDAQ:AMZN) was sold by WILKE JEFFREY A on Friday, February 16. $1.01M worth of Amazon.com, Inc. (NASDAQ:AMZN) was sold by ALBERG TOM A on Wednesday, February 21. $3.22 million worth of Amazon.com, Inc. (NASDAQ:AMZN) was sold by Olsavsky Brian T on Tuesday, May 15. Another trade for 435 shares valued at $686,439 was made by Reynolds Shelley on Tuesday, May 15. STONESIFER PATRICIA Q also sold $2.17M worth of Amazon.com, Inc. (NASDAQ:AMZN) shares. On Tuesday, May 15 Zapolsky David sold $3.03 million worth of Amazon.com, Inc. (NASDAQ:AMZN) or 1,927 shares.

Investors sentiment decreased to 1.08 in Q1 2018. Its down 0.21, from 1.29 in 2017Q4. It worsened, as 73 investors sold AMZN shares while 659 reduced holdings. 173 funds opened positions while 614 raised stakes. 266.38 million shares or 4.87% less from 280.02 million shares in 2017Q4 were reported. Mirae Asset Glob Ltd holds 184,854 shares or 3.5% of its portfolio. Rathbone Brothers Public Limited Com, a United Kingdom-based fund reported 86,332 shares. Scge Mgmt LP holds 9.25% or 55,000 shares in its portfolio. Truepoint Incorporated invested in 0% or 596 shares. Prelude Limited Liability Corp holds 0.54% or 5,146 shares. Horizon Ltd Com, a North Carolina-based fund reported 343 shares. Private Ocean Ltd Liability Corporation invested in 717 shares. Malaga Cove Limited Co has invested 1.5% in Amazon.com, Inc. (NASDAQ:AMZN). Carret Asset Mgmt Limited Liability Com invested 0.13% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Mutual Of America Mgmt Ltd Liability Company owns 1.23% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 54,934 shares. 1,070 are held by St Johns Inv Mngmt Commerce Limited Liability Co. Capital City Com Fl holds 2,341 shares. Solaris Asset Mgmt Limited Company has 399 shares. Jpmorgan Chase And holds 1.22% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 3.92 million shares. Mufg Americas has invested 0.31% in Amazon.com, Inc. (NASDAQ:AMZN).

Among 39 analysts covering Schlumberger Limited. (NYSE:SLB), 32 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 150 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given on Tuesday, November 15 by Jefferies. Goldman Sachs maintained the shares of SLB in report on Monday, April 4 with “Buy” rating. The rating was maintained by Citigroup on Wednesday, October 25 with “Buy”. The stock has “Neutral” rating by Macquarie Research on Wednesday, September 9. The stock has “Buy” rating by Argus Research on Tuesday, October 20. The firm earned “Buy” rating on Thursday, December 21 by RBC Capital Markets. Barclays Capital maintained the shares of SLB in report on Wednesday, October 25 with “Equal-Weight” rating. The stock has “Outperform” rating by Oppenheimer on Monday, October 19. The stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given on Friday, March 24 by Tudor Pickering. The stock of Schlumberger Limited (NYSE:SLB) earned “Conviction Buy” rating by Goldman Sachs on Monday, May 23.

Investors sentiment increased to 1.2 in 2018 Q1. Its up 0.54, from 0.66 in 2017Q4. It increased, as 60 investors sold SLB shares while 488 reduced holdings. 111 funds opened positions while 548 raised stakes. 1.04 billion shares or 1.22% less from 1.05 billion shares in 2017Q4 were reported. 1.62M were reported by Wedgewood Inc. Schwab Charles Invest Mgmt holds 0.28% or 5.56M shares. Old Republic International Corporation reported 0.73% stake. Heartland accumulated 235,145 shares. 11,675 were reported by First Fincl In. 690,422 were accumulated by First Republic Mgmt. Shoker Counsel Incorporated stated it has 0.18% in Schlumberger Limited (NYSE:SLB). Sun Life Fincl Incorporated holds 1,900 shares or 0% of its portfolio. Mackay Shields Ltd Llc holds 260,600 shares. Moreover, Gulf Interest Natl Bank (Uk) has 0.37% invested in Schlumberger Limited (NYSE:SLB) for 437,677 shares. Conning Incorporated reported 0.3% stake. Tiaa Cref Mgmt Ltd Liability reported 6.76 million shares. Baker Avenue Asset Limited Partnership has 3,197 shares for 0.02% of their portfolio. Moreover, Wellington Shields Cap Mngmt Ltd Liability Corp has 0.37% invested in Schlumberger Limited (NYSE:SLB) for 38,253 shares. Logan Cap Mgmt accumulated 0.12% or 26,469 shares.

Since January 22, 2018, it had 3 buys, and 3 sales for $6.93 million activity. $323,950 worth of stock was bought by Schorn Patrick on Monday, March 26. Shares for $218,049 were sold by Jaramillo Claudia on Wednesday, May 16. AYAT SIMON sold $5.91M worth of stock or 75,000 shares. Shares for $192,900 were bought by Al Mogharbel Khaled on Wednesday, March 28. $1.96 million worth of Schlumberger Limited (NYSE:SLB) shares were sold by Guild Howard.

First Fiduciary Investment Counsel Inc, which manages about $469.31M and $503.35M US Long portfolio, decreased its stake in Walmart Inc (NYSE:WMT) by 9,461 shares to 189,566 shares, valued at $16.87 million in 2018Q1, according to the filing. It also reduced its holding in V.F. Corp (NYSE:VFC) by 54,879 shares in the quarter, leaving it with 134,930 shares, and cut its stake in Wells Fargo (NYSE:WFC).

Amazon.com, Inc. (NASDAQ:AMZN) Institutional Positions Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Posts

>