Dsm Capital Partners Continues to Hold Holding in Abbott Laboratories (ABT); Parsley Energy (PE) Stock Declined While Tph Asset Management Has Lowered Holding

December 8, 2017 - By Clifton Ray

Tph Asset Management Llc decreased its stake in Parsley Energy Inc (PE) by 41.26% based on its latest 2017Q2 regulatory filing with the SEC. Tph Asset Management Llc sold 11,138 shares as the company’s stock declined 0.66% while stock markets rallied. The hedge fund held 15,855 shares of the energy company at the end of 2017Q2, valued at $440,000, down from 26,993 at the end of the previous reported quarter. Tph Asset Management Llc who had been investing in Parsley Energy Inc for a number of months, seems to be less bullish one the $8.08 billion market cap company. The stock increased 1.38% or $0.35 during the last trading session, reaching $25.69. About 2.64 million shares traded. Parsley Energy, Inc. (NYSE:PE) has risen 26.09% since December 8, 2016 and is uptrending. It has outperformed by 9.39% the S&P500.

Dsm Capital Partners Llc increased its stake in Abbott Laboratories (ABT) by 837.9% based on its latest 2017Q2 regulatory filing with the SEC. Dsm Capital Partners Llc bought 1.71 million shares as the company’s stock declined 3.42% while stock markets rallied. The hedge fund held 1.91M shares of the major pharmaceuticals company at the end of 2017Q2, valued at $92.89 million, up from 203,735 at the end of the previous reported quarter. Dsm Capital Partners Llc who had been investing in Abbott Laboratories for a number of months, seems to be bullish on the $95.19B market cap company. The stock increased 0.05% or $0.03 during the last trading session, reaching $54.69. About 4.42 million shares traded. Abbott Laboratories (NYSE:ABT) has risen 15.90% since December 8, 2016 and is uptrending. It has underperformed by 0.80% the S&P500.

Among 35 analysts covering Parsley Energy Inc (NYSE:PE), 31 have Buy rating, 0 Sell and 4 Hold. Therefore 89% are positive. Parsley Energy Inc had 108 analyst reports since July 21, 2015 according to SRatingsIntel. As per Tuesday, August 30, the company rating was maintained by Morgan Stanley. The company was maintained on Thursday, July 20 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, February 25. On Tuesday, March 15 the stock rating was maintained by JP Morgan with “Overweight”. As per Tuesday, October 20, the company rating was initiated by Canaccord Genuity. The firm has “Outperform” rating given on Wednesday, March 2 by Credit Suisse. On Tuesday, March 29 the stock rating was maintained by Goldman Sachs with “Neutral”. The firm has “Buy” rating given on Monday, September 18 by KeyBanc Capital Markets. JP Morgan initiated Parsley Energy, Inc. (NYSE:PE) on Wednesday, December 9 with “Overweight” rating. The rating was maintained by Williams Capital Group on Thursday, August 3 with “Buy”.

Analysts await Parsley Energy, Inc. (NYSE:PE) to report earnings on February, 22. They expect $0.18 earnings per share, up 200.00% or $0.12 from last year’s $0.06 per share. PE’s profit will be $56.59 million for 35.68 P/E if the $0.18 EPS becomes a reality. After $0.12 actual earnings per share reported by Parsley Energy, Inc. for the previous quarter, Wall Street now forecasts 50.00% EPS growth.

Tph Asset Management Llc, which manages about $865.56M and $893.01M US Long portfolio, upped its stake in Aqua America Inc (NYSE:WTR) by 11,868 shares to 54,099 shares, valued at $1.80 million in 2017Q2, according to the filing. It also increased its holding in Noble Midstream Partners Lp by 18,653 shares in the quarter, for a total of 139,483 shares, and has risen its stake in Boardwalk Pipeline Partners (NYSE:BWP).

Investors sentiment decreased to 1.4 in 2017 Q2. Its down 0.49, from 1.89 in 2017Q1. It worsened, as 36 investors sold PE shares while 92 reduced holdings. 58 funds opened positions while 121 raised stakes. 238.40 million shares or 10.76% more from 215.25 million shares in 2017Q1 were reported. Sumitomo Life Ins stated it has 0.28% in Parsley Energy, Inc. (NYSE:PE). Gam Holdg Ag has 0% invested in Parsley Energy, Inc. (NYSE:PE) for 9,742 shares. Moreover, Geode Limited Liability Company has 0.02% invested in Parsley Energy, Inc. (NYSE:PE) for 1.79M shares. Tricadia Cap Management Lc has invested 0.26% in Parsley Energy, Inc. (NYSE:PE). Howe & Rusling reported 0% stake. First Advisors LP invested 0.03% of its portfolio in Parsley Energy, Inc. (NYSE:PE). Pnc Fin Gp Incorporated accumulated 228 shares or 0% of the stock. The California-based Cap World Investors has invested 0.01% in Parsley Energy, Inc. (NYSE:PE). Capstone Inv Advsrs Lc accumulated 0.08% or 111,431 shares. Moreover, Macquarie Gp Inc Limited has 0.02% invested in Parsley Energy, Inc. (NYSE:PE). Loomis Sayles LP owns 848,798 shares. Pub Employees Retirement Association Of Colorado owns 38,067 shares or 0.01% of their US portfolio. 2.22 million are owned by Ubs Asset Mngmt Americas Inc. Capital Fund invested 0.15% in Parsley Energy, Inc. (NYSE:PE). Tower Rech Cap Limited Liability Company (Trc) invested in 0% or 479 shares.

Dsm Capital Partners Llc, which manages about $5.78B and $6.74B US Long portfolio, decreased its stake in Cl C by 7,392 shares to 50,909 shares, valued at $46.26M in 2017Q2, according to the filing. It also reduced its holding in Electronic Arts (NASDAQ:EA) by 170,215 shares in the quarter, leaving it with 2.16M shares, and cut its stake in Priceline Group (NASDAQ:PCLN).

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.75, from 1.63 in 2017Q1. It dropped, as 69 investors sold ABT shares while 545 reduced holdings. 102 funds opened positions while 441 raised stakes. 1.22 billion shares or 0.83% more from 1.21 billion shares in 2017Q1 were reported. Guyasuta Investment Advisors Inc, Pennsylvania-based fund reported 20,855 shares. Engines Limited Liability Corp invested 0.35% in Abbott Laboratories (NYSE:ABT). 71,999 are held by Palo Inc. Mngmt Of Virginia Lc holds 1.62% or 138,101 shares in its portfolio. Rhenman And Ptnrs Asset holds 95,000 shares. 11.72M are owned by Dimensional Fund Advsrs Ltd Partnership. Lpl Fincl Limited holds 0.06% of its portfolio in Abbott Laboratories (NYSE:ABT) for 350,647 shares. Fjarde Ap holds 0.39% in Abbott Laboratories (NYSE:ABT) or 401,340 shares. 1.15M were reported by Tekla Mgmt Limited Liability Com. Factory Mutual Commerce reported 0.33% in Abbott Laboratories (NYSE:ABT). Benedict Financial Advisors invested in 61,896 shares or 1.64% of the stock. Shine Advisory Svcs Inc has 0.04% invested in Abbott Laboratories (NYSE:ABT) for 1,516 shares. Johnson Investment Counsel Incorporated, a Ohio-based fund reported 1.09M shares. 4,640 were reported by Glovista Invests Ltd. Conestoga Capital Limited Liability accumulated 0.02% or 9,223 shares.

Among 24 analysts covering Abbott Laboratories (NYSE:ABT), 14 have Buy rating, 0 Sell and 10 Hold. Therefore 58% are positive. Abbott Laboratories has $90 highest and $4 lowest target. $50.80’s average target is -7.11% below currents $54.69 stock price. Abbott Laboratories had 87 analyst reports since July 24, 2015 according to SRatingsIntel. The company was maintained on Saturday, August 29 by Deutsche Bank. Barclays Capital maintained the stock with “Overweight” rating in Thursday, September 28 report. Jefferies reinitiated Abbott Laboratories (NYSE:ABT) on Thursday, June 29 with “Buy” rating. As per Wednesday, June 21, the company rating was reinitiated by BTIG Research. BMO Capital Markets maintained it with “Hold” rating and $5300 target in Thursday, July 20 report. RBC Capital Markets maintained Abbott Laboratories (NYSE:ABT) on Monday, June 26 with “Buy” rating. The company was maintained on Thursday, January 26 by RBC Capital Markets. The stock has “Market Perform” rating by BMO Capital Markets on Tuesday, March 14. The stock of Abbott Laboratories (NYSE:ABT) has “Buy” rating given on Monday, October 2 by RBC Capital Markets. The stock of Abbott Laboratories (NYSE:ABT) has “Buy” rating given on Tuesday, June 21 by Edward Jones.

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