Williams Sonoma (WSM) Shareholder Southeast Asset Advisors Cut Stake as Stock Declined; Monetary Management Group Decreased Devon Energy Corp. (DVN) Holding by $423,150 as Valuation Rose

June 23, 2018 - By Michael Collier

Devon Energy Corporation (NYSE:DVN) Logo

Monetary Management Group Inc decreased its stake in Devon Energy Corp. (DVN) by 84.78% based on its latest 2018Q1 regulatory filing with the SEC. Monetary Management Group Inc sold 13,650 shares as the company’s stock rose 28.38% while stock markets declined. The institutional investor held 2,450 shares of the oil & gas production company at the end of 2018Q1, valued at $78,000, down from 16,100 at the end of the previous reported quarter. Monetary Management Group Inc who had been investing in Devon Energy Corp. for a number of months, seems to be less bullish one the $22.65B market cap company. The stock increased 5.18% or $2.13 during the last trading session, reaching $43.28. About 8.10M shares traded or 8.38% up from the average. Devon Energy Corporation (NYSE:DVN) has risen 13.57% since June 23, 2017 and is uptrending. It has outperformed by 1.00% the S&P500. Some Historical DVN News: 02/05/2018 – DEVON TARGETING $1 BILLION OF ADDITIONAL DIVESTMENTS THIS YEAR; 07/03/2018 – Devon Energy boosts dividend, buyback; sells shale asset; 02/05/2018 – DEVON CEO HAGER SPEAKS ON EARNINGS CONFERENCE CALL; 07/03/2018 – DEVON ENERGY REPORTS $553M SALE OF JOHNSON COUNTY ASSETS; 10/04/2018 – DEVON ENERGY CORP CONFIRMS STAFF REDUCTIONS, SAYS COMPANY MUST ‘TRANSFORM THE WAY IT OPERATES’; 01/05/2018 – Devon Energy: Targeting Asset Divestiture Proceeds in Excess of $5B; 26/03/2018 – DEVON: WORKING ON MORE STRATEGIC MOVES FOR ‘VISION 2020’ PLAN; 16/05/2018 – Moody’s: Devon Energy Outlook Is Stable; 26/03/2018 – DEVON SEES 15% COST SAVINGS BY 2020; 20/03/2018 – CORRECTED-RPT-A small oil field in Oklahoma is seeing big bets from producers

Southeast Asset Advisors Inc decreased its stake in Williams Sonoma Inc (WSM) by 24.05% based on its latest 2018Q1 regulatory filing with the SEC. Southeast Asset Advisors Inc sold 8,280 shares as the company’s stock declined 0.06% with the market. The institutional investor held 26,145 shares of the consumer services company at the end of 2018Q1, valued at $1.38 million, down from 34,425 at the end of the previous reported quarter. Southeast Asset Advisors Inc who had been investing in Williams Sonoma Inc for a number of months, seems to be less bullish one the $5.27B market cap company. The stock decreased 1.21% or $0.78 during the last trading session, reaching $63.43. About 2.32 million shares traded or 14.68% up from the average. Williams-Sonoma, Inc. (NYSE:WSM) has risen 8.10% since June 23, 2017 and is uptrending. It has underperformed by 4.47% the S&P500. Some Historical WSM News: 07/05/2018 – BottleRock Napa Valley Announces 2018 Williams Sonoma Culinary Stage Lineup; 27/03/2018 – WILLIAMS SONOMA ANNOUNCES BOOK TOUR WITH GIADA DE LAURENTIIS; 17/05/2018 – POTTERY BARN KIDS AND PBTEEN DEBUT TWO EXCLUSIVE COLLECTIONS WITH DESIGNER RACHEL ASHWELL AND DAUGHTER, LILY ASHWELL; 06/03/2018 Williams-Sonoma Closes Above 50-Day Moving Average: Technicals; 14/03/2018 – WILLIAMS-SONOMA INC WSM.N SEES FY 2018 SHR $4.12 TO $4.22; 02/04/2018 – Williams-Sonoma Closes Below 200-Day Moving Average: Technicals; 23/05/2018 – Williams-Sonoma 1Q EPS 54c; 14/03/2018 – Williams-Sonoma 4Q Rev $1.68B; 14/03/2018 – WILLIAMS-SONOMA INC – SEES 2018 TOTAL NET REVENUES $5,475 MLN – $5,635 MILLION; 14/05/2018 – Holowesko Partners Exits Position in Williams-Sonoma

Analysts await Williams-Sonoma, Inc. (NYSE:WSM) to report earnings on August, 22. They expect $0.69 EPS, up 13.11% or $0.08 from last year’s $0.61 per share. WSM’s profit will be $57.34M for 22.98 P/E if the $0.69 EPS becomes a reality. After $0.67 actual EPS reported by Williams-Sonoma, Inc. for the previous quarter, Wall Street now forecasts 2.99% EPS growth.

Southeast Asset Advisors Inc, which manages about $1.76B and $337.57M US Long portfolio, upped its stake in Perkinelmer Inc (NYSE:PKI) by 7,538 shares to 40,436 shares, valued at $3.06 million in 2018Q1, according to the filing. It also increased its holding in Brown & Brown Inc (NYSE:BRO) by 17,266 shares in the quarter, for a total of 25,706 shares, and has risen its stake in Blackbaud Inc (NASDAQ:BLKB).

More news for Williams-Sonoma, Inc. (NYSE:WSM) were recently published by: Seekingalpha.com, which released: “How High Can Williams-Sonoma Climb?” on June 06, 2018. Seekingalpha.com‘s article titled: “Williams Sonoma: A Hold” and published on May 29, 2018 is yet another important article.

Among 34 analysts covering Williams-Sonoma (NYSE:WSM), 4 have Buy rating, 5 Sell and 25 Hold. Therefore 12% are positive. Williams-Sonoma had 111 analyst reports since July 29, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of WSM in report on Thursday, August 27 with “Sector Perform” rating. The firm earned “Hold” rating on Tuesday, August 22 by Jefferies. Canaccord Genuity maintained it with “Hold” rating and $75 target in Thursday, August 27 report. The stock of Williams-Sonoma, Inc. (NYSE:WSM) earned “Equal-Weight” rating by Morgan Stanley on Thursday, May 24. The firm has “Hold” rating given on Thursday, September 28 by Jefferies. The rating was maintained by Telsey Advisory Group on Monday, May 16 with “Outperform”. RBC Capital Markets maintained Williams-Sonoma, Inc. (NYSE:WSM) on Monday, October 2 with “Hold” rating. The stock of Williams-Sonoma, Inc. (NYSE:WSM) has “Reduce” rating given on Friday, November 17 by Gordon Haskett. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, May 24. The company was maintained on Tuesday, August 25 by William Blair.

Investors sentiment increased to 1.24 in 2018 Q1. Its up 0.23, from 1.01 in 2017Q4. It increased, as 31 investors sold WSM shares while 109 reduced holdings. 63 funds opened positions while 110 raised stakes. 85.88 million shares or 0.19% more from 85.72 million shares in 2017Q4 were reported. Quantum Capital has invested 0.19% in Williams-Sonoma, Inc. (NYSE:WSM). Alliancebernstein LP owns 57,088 shares. Cooke And Bieler Limited Partnership holds 268,630 shares or 0.27% of its portfolio. South Dakota Investment Council holds 0.07% or 53,900 shares. 79,675 were reported by Martingale Asset Management Limited Partnership. Great Lakes Advsr stated it has 0.27% of its portfolio in Williams-Sonoma, Inc. (NYSE:WSM). Utd Ser Automobile Association owns 21,087 shares or 0% of their US portfolio. Blackhill invested in 39.81% or 4.05M shares. Envestnet Asset Management has invested 0% of its portfolio in Williams-Sonoma, Inc. (NYSE:WSM). Geode Cap Ltd Company accumulated 712,630 shares or 0.01% of the stock. Louisiana State Employees Retirement System invested in 0.05% or 20,300 shares. Wellington Management Grp Limited Liability Partnership owns 35,748 shares. Neuberger Berman Grp Inc Lc holds 0.06% or 961,614 shares. Lsv Asset Mngmt stated it has 529,200 shares or 0.04% of all its holdings. Synovus Fincl Corp holds 0% of its portfolio in Williams-Sonoma, Inc. (NYSE:WSM) for 100 shares.

Since March 19, 2018, it had 0 buys, and 4 selling transactions for $7.62 million activity. Another trade for 30,000 shares valued at $1.63M was sold by Whalen Julie. ALBER LAURA had sold 97,965 shares worth $5.31 million. 9,034 shares valued at $466,696 were sold by Hayes Janet on Tuesday, March 27.

More notable recent Devon Energy Corporation (NYSE:DVN) news were published by: Fool.com which released: “These 2 Oil Stocks Could Skyrocket in the Second Half of 2018” on June 13, 2018, also Gurufocus.com with their article: “US Stocks High on Friday” published on June 22, 2018, Seekingalpha.com published: “US Shale: NAV Analysis Of Diversified Oil-Weighted E&Ps – 2018 Q1 Update” on June 22, 2018. More interesting news about Devon Energy Corporation (NYSE:DVN) were released by: Fool.com and their article: “2 Top Stocks in the Oil Patch” published on June 23, 2018 as well as Fool.com‘s news article titled: “Devon Energy Corp Unlocks Significant Value by Unloading Its Midstream Business” with publication date: June 06, 2018.

Investors sentiment increased to 0.94 in 2018 Q1. Its up 0.02, from 0.92 in 2017Q4. It improved, as 70 investors sold DVN shares while 229 reduced holdings. 82 funds opened positions while 199 raised stakes. 407.74 million shares or 0.72% more from 404.83 million shares in 2017Q4 were reported. 19,765 were accumulated by Culbertson A N & Communication Inc. Stifel Fin Corporation reported 150,097 shares. Huber Mngmt Ltd Liability Co invested in 0.05% or 28,400 shares. Moreover, Adams Asset Advsr Llc has 0.08% invested in Devon Energy Corporation (NYSE:DVN). Toth Finance Advisory Corp holds 0% in Devon Energy Corporation (NYSE:DVN) or 402 shares. Argent invested in 0.11% or 12,880 shares. Peapack Gladstone Fincl has invested 0% in Devon Energy Corporation (NYSE:DVN). Sasco Cap Ct holds 2.24% or 1.69 million shares in its portfolio. Moreover, Sir Cap Management Limited Partnership has 8.03% invested in Devon Energy Corporation (NYSE:DVN) for 1.44M shares. Deprince Race Zollo, a Florida-based fund reported 8,500 shares. Umb National Bank N A Mo owns 9,499 shares for 0.01% of their portfolio. Private Advisor Grp Lc has invested 0.01% in Devon Energy Corporation (NYSE:DVN). Advantus Capital Management invested 0.04% of its portfolio in Devon Energy Corporation (NYSE:DVN). Riverhead Cap Management reported 15,886 shares. 166,400 are owned by Caisse De Depot Et Placement Du Quebec.

Analysts await Devon Energy Corporation (NYSE:DVN) to report earnings on August, 7. They expect $0.28 EPS, down 17.65% or $0.06 from last year’s $0.34 per share. DVN’s profit will be $146.55M for 38.64 P/E if the $0.28 EPS becomes a reality. After $0.20 actual EPS reported by Devon Energy Corporation for the previous quarter, Wall Street now forecasts 40.00% EPS growth.

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