Nepsis Capital Management Cut Its Wal (WMT) Position by $2.58 Million as Market Value Rose; Chilton Investment Co Stake in First Rep Bk San Francisco C (FRC) Has Cut as Stock Value Declined

August 31, 2017 - By Louis Casey

Richard Chilton decreased its stake in First Rep Bk San Francisco C (FRC) by 29.84% based on its latest 2016Q4 regulatory filing with the SEC. Chilton Investment Co Llc sold 30,710 shares as the company’s stock declined 5.64% while stock markets rallied. The hedge fund run by Richard Chilton held 72,208 shares of the company at the end of 2016Q4, valued at $6.65 million, down from 102,918 at the end of the previous reported quarter. Chilton Investment Co Llc who had been investing in First Rep Bk San Francisco C for a number of months, seems to be less bullish one the $15.26B market cap company. The stock declined 0.01% or $0.01 reaching $97.04 per share. About 606,945 shares traded or 23.02% up from the average. First Republic Bank (NYSE:FRC) has risen 29.07% since August 31, 2016 and is uptrending. It has outperformed by 12.37% the S&P500.

Nepsis Capital Management Inc decreased its stake in Wal (WMT) by 41.96% based on its latest 2016Q4 regulatory filing with the SEC. Nepsis Capital Management Inc sold 37,440 shares as the company’s stock rose 13.55% with the market. The institutional investor held 51,786 shares of the consumer services company at the end of 2016Q4, valued at $3.58 million, down from 89,226 at the end of the previous reported quarter. Nepsis Capital Management Inc who had been investing in Wal for a number of months, seems to be less bullish one the $236.67 billion market cap company. The stock rose 0.60% or $0.47 reaching $78.54. About 8.17 million shares traded. Wal-Mart Stores Inc (NYSE:WMT) has risen 13.83% since August 31, 2016 and is uptrending. It has underperformed by 2.87% the S&P500.

Among 17 analysts covering First Republic Bank (NYSE:FRC), 9 have Buy rating, 0 Sell and 8 Hold. Therefore 53% are positive. First Republic Bank had 45 analyst reports since October 6, 2015 according to SRatingsIntel. The company was maintained on Friday, July 15 by Keefe Bruyette & Woods. The stock of First Republic Bank (NYSE:FRC) has “Hold” rating given on Friday, August 18 by RBC Capital Markets. The firm has “Buy” rating given on Monday, April 3 by Jefferies. As per Tuesday, December 20, the company rating was upgraded by FBR Capital. Maxim Group maintained the stock with “Buy” rating in Monday, December 19 report. Maxim Group maintained the shares of FRC in report on Friday, October 14 with “Buy” rating. BMO Capital Markets maintained First Republic Bank (NYSE:FRC) rating on Monday, May 29. BMO Capital Markets has “Hold” rating and $97 target. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, October 19. The stock of First Republic Bank (NYSE:FRC) earned “Mkt Perform” rating by FBR Capital on Friday, July 15. The firm has “Buy” rating given on Monday, February 22 by Jefferies.

More recent First Republic Bank (NYSE:FRC) news were published by: Businesswire.com which released: “First Republic Bank To Present at the Barclays Global Financial Services …” on August 28, 2017. Also Seekingalpha.com published the news titled: “First Republic Bank: What’s Driving The Surge In The Stock” on August 10, 2017. Seekingalpha.com‘s news article titled: “First Republic Bank’s Stock May Be Too Rich For The Market To Handle” with publication date: August 21, 2017 was also an interesting one.

Chilton Investment Co Llc, which manages about $5.22B and $2.47 billion US Long portfolio, upped its stake in Mcdonalds Corp (NYSE:MCD) by 3,537 shares to 20,389 shares, valued at $2.48M in 2016Q4, according to the filing. It also increased its holding in 3M Co (NYSE:MMM) by 68,082 shares in the quarter, for a total of 75,617 shares, and has risen its stake in Hershey Co (NYSE:HSY).

Analysts await First Republic Bank (NYSE:FRC) to report earnings on October, 12. They expect $1.17 earnings per share, up 17.00% or $0.17 from last year’s $1 per share. FRC’s profit will be $183.99M for 20.74 P/E if the $1.17 EPS becomes a reality. After $1.06 actual earnings per share reported by First Republic Bank for the previous quarter, Wall Street now forecasts 10.38% EPS growth.

Among 35 analysts covering Wal-Mart Stores Inc (NYSE:WMT), 17 have Buy rating, 1 Sell and 17 Hold. Therefore 49% are positive. Wal-Mart Stores Inc had 103 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of Wal-Mart Stores Inc (NYSE:WMT) has “Buy” rating given on Wednesday, February 22 by Bank of America. The rating was maintained by Robert W. Baird with “Buy” on Thursday, August 24. Citigroup initiated Wal-Mart Stores Inc (NYSE:WMT) on Monday, November 9 with “Neutral” rating. The rating was maintained by Sterne Agee CRT on Tuesday, August 18 with “Neutral”. KeyBanc Capital Markets initiated the stock with “Overweight” rating in Friday, September 30 report. Jefferies maintained it with “Buy” rating and $93 target in Friday, August 18 report. The firm earned “Positive” rating on Friday, February 10 by Susquehanna. The firm earned “Neutral” rating on Wednesday, April 6 by Goldman Sachs. The rating was maintained by RBC Capital Markets with “Underperform” on Friday, August 19. The rating was maintained by Jefferies on Monday, July 17 with “Buy”.

Nepsis Capital Management Inc, which manages about $214.00M and $174.63M US Long portfolio, upped its stake in Nutanix Inc by 117,602 shares to 184,602 shares, valued at $4.90M in 2016Q4, according to the filing. It also increased its holding in Exelon Corp (NYSE:EXC) by 9,894 shares in the quarter, for a total of 62,608 shares, and has risen its stake in Yirendai Ltd.

More notable recent Wal-Mart Stores Inc (NYSE:WMT) news were published by: Seekingalpha.com which released: “Checking In On Wal-Mart” on August 29, 2017, also Fool.com with their article: “How Wal-Mart Stores Inc. Makes Most of Its Money” published on August 24, 2017, Bloomberg.com published: “Wal-Mart, Google Partner on Voice-Based Shopping to Catch Amazon” on August 23, 2017. More interesting news about Wal-Mart Stores Inc (NYSE:WMT) were released by: Reuters.com and their article: “Wal-Mart eyes $316 million in Brazil store reforms through 2019” published on August 29, 2017 as well as Thestreet.com‘s news article titled: “Walmart to Give Up to $20M for Harvey Relief, Including $10M Match for Donations” with publication date: August 29, 2017.

Investors sentiment decreased to 0.87 in 2016 Q4. Its down 0.25, from 1.12 in 2016Q3. It worsened, as 97 investors sold WMT shares while 540 reduced holdings. 77 funds opened positions while 479 raised stakes. 868.78 million shares or 0.20% more from 867.04 million shares in 2016Q3 were reported. Twin Capital Mngmt has invested 0.5% in Wal-Mart Stores Inc (NYSE:WMT). Moreover, Wheatland has 0.79% invested in Wal-Mart Stores Inc (NYSE:WMT). Quantum Capital Management has 11,445 shares. Sigma Planning Corporation owns 26,912 shares for 0.2% of their portfolio. Enterprise Fincl Service invested in 0.4% or 11,581 shares. Buckingham Asset Mgmt Ltd reported 0.29% stake. First Bankshares Of Hutchinson has invested 0.24% in Wal-Mart Stores Inc (NYSE:WMT). Fifth Third Retail Bank owns 0.18% invested in Wal-Mart Stores Inc (NYSE:WMT) for 306,709 shares. Rice Hall James Lc owns 15,000 shares for 0.05% of their portfolio. Lee Danner & Bass invested in 0.68% or 84,013 shares. Wealthcare Management Limited has invested 0% in Wal-Mart Stores Inc (NYSE:WMT). Appleton Prtn Ma reported 0.04% stake. Rfg Advisory Group Lc reported 6,336 shares. Bangor National Bank & Trust invested 0.05% of its portfolio in Wal-Mart Stores Inc (NYSE:WMT). New Jersey Better Educational Savings holds 6,000 shares or 0.27% of its portfolio.

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