Wellington Shields Capital Management Cut Harris (HRS) Stake By $331,500, Marianas Fund Management Has Decreased Amazon Com (AMZN) Position

June 19, 2017 - By whatsonthorold

Wellington Shields Capital Management Llc decreased Harris Corp (HRS) stake by 30.66% reported in 2016Q4 SEC filing. Wellington Shields Capital Management Llc sold 3,250 shares as Harris Corp (HRS)’s stock declined 1.51%. The Wellington Shields Capital Management Llc holds 7,350 shares with $753,000 value, down from 10,600 last quarter. Harris Corp now has $13.74 billion valuation. The stock rose 1.00% or $1.1 reaching $111.64. About 38,986 shares traded. Harris Corporation (NYSE:HRS) has risen 39.09% since June 19, 2016 and is uptrending. It has outperformed by 22.39% the S&P500.

Marianas Fund Management Llc decreased Amazon Com Inc (AMZN) stake by 56.22% reported in 2016Q4 SEC filing. Marianas Fund Management Llc sold 13,100 shares as Amazon Com Inc (AMZN)’s stock rose 13.58%. The Marianas Fund Management Llc holds 10,200 shares with $7.65M value, down from 23,300 last quarter. Amazon Com Inc now has $490.11 billion valuation. The stock rose 1.34% or $13.24 reaching $1000.95. About 578,865 shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since June 19, 2016 and is uptrending. It has outperformed by 20.71% the S&P500.

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on July, 27. They expect $1.41 earnings per share, down 20.79% or $0.37 from last year’s $1.78 per share. AMZN’s profit will be $690.40M for 177.47 P/E if the $1.41 EPS becomes a reality. After $1.48 actual earnings per share reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -4.73% negative EPS growth.

Investors sentiment decreased to 1.26 in Q4 2016. Its down 0.03, from 1.29 in 2016Q3. It dropped, as 126 investors sold AMZN shares while 478 reduced holdings. 157 funds opened positions while 606 raised stakes. 293.60 million shares or 2.70% less from 301.74 million shares in 2016Q3 were reported. Moreover, Iron Financial Limited Company has 0.23% invested in Amazon.com, Inc. (NASDAQ:AMZN). Tiaa Cref Invest holds 1.53% or 2.73M shares. Stonebridge Capital Advsrs Limited Com accumulated 4,354 shares or 0.97% of the stock. First Manhattan holds 0.02% or 3,561 shares. Moreover, Benjamin F Edwards has 0.57% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 4,616 shares. Budros Ruhlin & Roe Inc invested 0.08% in Amazon.com, Inc. (NASDAQ:AMZN). Susquehanna Grp Inc Llp has invested 0.57% in Amazon.com, Inc. (NASDAQ:AMZN). Atlas Browninc accumulated 773 shares. Legal & General Public Limited invested in 1.16% or 1.65 million shares. Roundview Capital Llc owns 1,046 shares for 0.25% of their portfolio. 23,599 were reported by Pax World Ltd Co. Synovus Finance Corp holds 0.29% or 16,900 shares in its portfolio. Strs Ohio reported 379,051 shares or 1.25% of all its holdings. Stack Management reported 0.09% stake. Twin Tree Mgmt LP holds 0.1% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 13,916 shares.

Since February 15, 2017, it had 0 insider buys, and 22 sales for $977.75 million activity. Shares for $4.01M were sold by Blackburn Jeffrey M. 2,306 Amazon.com, Inc. (NASDAQ:AMZN) shares with value of $1.93M were sold by Jassy Andrew R. 2,333 Amazon.com, Inc. (NASDAQ:AMZN) shares with value of $2.24M were sold by Zapolsky David. Reynolds Shelley had sold 544 shares worth $521,627 on Monday, May 15. ALBERG TOM A sold $501,500 worth of stock or 590 shares. Shares for $2.70M were sold by WILKE JEFFREY A on Monday, June 5. On Monday, May 15 Olsavsky Brian T sold $2.24M worth of Amazon.com, Inc. (NASDAQ:AMZN) or 2,333 shares.

Among 41 analysts covering Amazon.com (NASDAQ:AMZN), 38 have Buy rating, 0 Sell and 3 Hold. Therefore 93% are positive. Amazon.com had 144 analyst reports since July 21, 2015 according to SRatingsIntel. On Wednesday, May 31 the stock rating was maintained by Jefferies with “Buy”. On Friday, February 3 the stock rating was maintained by Mizuho with “Buy”. On Friday, October 23 the stock rating was maintained by Piper Jaffray with “Overweight”. On Wednesday, October 5 the stock rating was maintained by Morgan Stanley with “Overweight”. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Buy” rating given on Friday, April 29 by UBS. Piper Jaffray maintained the shares of AMZN in report on Friday, July 24 with “Overweight” rating. On Tuesday, August 4 the stock rating was maintained by Piper Jaffray with “Overweight”. Oppenheimer maintained Amazon.com, Inc. (NASDAQ:AMZN) rating on Friday, January 29. Oppenheimer has “Outperform” rating and $700 target. Barclays Capital upgraded it to “Overweight” rating and $700 target in Friday, July 24 report. J.P. Morgan maintained Amazon.com, Inc. (NASDAQ:AMZN) on Wednesday, May 31 with “Buy” rating.

Since February 3, 2017, it had 1 buying transaction, and 4 insider sales for $18.54 million activity. The insider ALBAUGH JAMES F bought 1,000 shares worth $104,988. Another trade for 20,600 shares valued at $2.26 million was made by MIKUEN SCOTT T on Friday, March 10. $10.40 million worth of Harris Corporation (NYSE:HRS) shares were sold by MEHNERT DANA A. Shares for $2.22M were sold by DUFFY ROBERT L on Wednesday, February 8.

Among 8 analysts covering Harris (NYSE:HRS), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Harris had 18 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Harris Corporation (NYSE:HRS) has “Buy” rating given on Tuesday, September 8 by Goldman Sachs. The rating was maintained by RBC Capital Markets on Wednesday, November 4 with “Outperform”. The firm has “Overweight” rating by JP Morgan given on Monday, October 12. The stock of Harris Corporation (NYSE:HRS) has “Buy” rating given on Monday, November 7 by Seaport Global Securities. The firm has “Market Perform” rating given on Tuesday, March 15 by Cowen & Co. On Monday, November 7 the stock rating was upgraded by Cowen & Co to “Outperform”. The firm earned “Outperform” rating on Wednesday, February 3 by RBC Capital Markets. On Friday, June 10 the stock rating was initiated by Citigroup with “Buy”. Jefferies initiated Harris Corporation (NYSE:HRS) rating on Thursday, December 17. Jefferies has “Buy” rating and $100 target. The rating was downgraded by Barclays Capital to “Equal Weight” on Monday, May 1.

Wellington Shields Capital Management Llc increased Cvs Health Corporation (NYSE:CVS) stake by 4,130 shares to 40,470 valued at $3.19M in 2016Q4. It also upped Craft Brew Alliance Inc (NASDAQ:BREW) stake by 22,900 shares and now owns 35,500 shares. Bristol (NYSE:BMY) was raised too.

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