Broadcom Ltd (AVGO) Stock Rating Maintained at Mizuho Securities; The $310.0 Target Indicates 17.47% Potential; Zwj Investment Counsel Cut United Technologies (UTX) Stake By $487,634

December 7, 2017 - By Darrin Black

Zwj Investment Counsel Inc decreased United Technologies Corp (UTX) stake by 4.54% reported in 2017Q2 SEC filing. Zwj Investment Counsel Inc sold 3,997 shares as United Technologies Corp (UTX)’s stock rose 8.03%. The Zwj Investment Counsel Inc holds 83,974 shares with $10.25 million value, down from 87,971 last quarter. United Technologies Corp now has $96.79 billion valuation. The stock increased 0.76% or $0.91 during the last trading session, reaching $121.2. About 2.61M shares traded. United Technologies Corporation (NYSE:UTX) has risen 22.99% since December 7, 2016 and is uptrending. It has outperformed by 6.29% the S&P500.

Among 46 analysts covering Avago Technologies Limited (NASDAQ:AVGO), 44 have Buy rating, 0 Sell and 2 Hold. Therefore 96% are positive. Avago Technologies Limited has $335.0 highest and $95.0 lowest target. $253.86’s average target is -3.80% below currents $263.89 stock price. Avago Technologies Limited had 156 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Broadcom Limited (NASDAQ:AVGO) has “Outperform” rating given on Friday, September 2 by Cowen & Co. Sterne Agee CRT initiated the shares of AVGO in report on Wednesday, September 9 with “Buy” rating. The stock of Broadcom Limited (NASDAQ:AVGO) earned “Outperform” rating by Cowen & Co on Friday, June 3. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Friday, August 25. Mizuho maintained the shares of AVGO in report on Friday, August 25 with “Buy” rating. Bernstein maintained Broadcom Limited (NASDAQ:AVGO) on Monday, November 13 with “Buy” rating. Canaccord Genuity maintained the stock with “Buy” rating in Monday, November 6 report. The rating was maintained by Craig Hallum on Wednesday, September 13 with “Buy”. The firm has “Buy” rating given on Tuesday, August 22 by Canaccord Genuity. Suntrust Robinson maintained the shares of AVGO in report on Friday, June 3 with “Buy” rating.

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on January, 24. They expect $1.56 EPS, 0.00% or $0.00 from last year’s $1.56 per share. UTX’s profit will be $1.25B for 19.42 P/E if the $1.56 EPS becomes a reality. After $1.73 actual EPS reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts -9.83% negative EPS growth.

Zwj Investment Counsel Inc increased Kayne Anderson Mlp Invt Co (NYSE:KYN) stake by 22,364 shares to 682,926 valued at $12.87 million in 2017Q2. It also upped Sabre Corp (NASDAQ:SABR) stake by 285,441 shares and now owns 349,063 shares. Twenty First Centy Fox Inc (NASDAQ:FOX) was raised too.

Investors sentiment decreased to 0.95 in Q2 2017. Its down 0.03, from 0.98 in 2017Q1. It dropped, as 39 investors sold UTX shares while 553 reduced holdings. 112 funds opened positions while 451 raised stakes. 611.76 million shares or 0.92% less from 617.43 million shares in 2017Q1 were reported. Tctc Limited Liability Co reported 26,034 shares. Paloma Prns Mngmt holds 0.11% of its portfolio in United Technologies Corporation (NYSE:UTX) for 78,101 shares. First Merchants Corporation holds 1.28% or 37,881 shares in its portfolio. Eagleclaw Cap Managment Ltd Liability holds 0.71% or 9,986 shares. Cypress Capital holds 23,224 shares or 0.63% of its portfolio. Pictet And Cie (Europe) Sa has invested 1.27% in United Technologies Corporation (NYSE:UTX). Brinker owns 47,374 shares. Cape Cod Five Cents Bancorporation reported 14,079 shares. Beach Investment Counsel Pa reported 3,558 shares stake. Ibm Retirement Fund accumulated 18,263 shares or 0.46% of the stock. Maryland, Maryland-based fund reported 3,428 shares. Cohen & Steers holds 0.02% or 59,633 shares in its portfolio. Amer Century has 3.41M shares for 0.43% of their portfolio. Orleans Capital La invested in 2.26% or 26,091 shares. Professional Advisory Svcs owns 2.96% invested in United Technologies Corporation (NYSE:UTX) for 111,913 shares.

Among 21 analysts covering United Technologies Corporation (NYSE:UTX), 7 have Buy rating, 0 Sell and 14 Hold. Therefore 33% are positive. United Technologies Corporation had 67 analyst reports since July 21, 2015 according to SRatingsIntel. On Friday, July 7 the stock rating was maintained by RBC Capital Markets with “Hold”. Citigroup downgraded the stock to “Neutral” rating in Monday, October 10 report. The company was maintained on Tuesday, May 30 by Jefferies. The stock of United Technologies Corporation (NYSE:UTX) earned “Hold” rating by Cowen & Co on Tuesday, October 10. The rating was maintained by Cowen & Co on Tuesday, July 25 with “Buy”. The rating was maintained by RBC Capital Markets with “Hold” on Friday, September 15. Jefferies maintained the shares of UTX in report on Tuesday, October 3 with “Buy” rating. Deutsche Bank maintained it with “Hold” rating and $102 target in Monday, September 21 report. The rating was maintained by Jefferies with “Buy” on Monday, August 28. The rating was maintained by RBC Capital Markets on Sunday, October 8 with “Hold”.

Broadcom Limited designs, develops, and supplies a range of semiconductor devices worldwide. The company has market cap of $113.52 billion. It focuses on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. It has a 200.98 P/E ratio. The firm operates through four divisions: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

Analysts await Broadcom Limited (NASDAQ:AVGO) to report earnings on December, 14. They expect $3.92 earnings per share, up 30.67% or $0.92 from last year’s $3 per share. AVGO’s profit will be $1.69B for 16.83 P/E if the $3.92 EPS becomes a reality. After $3.73 actual earnings per share reported by Broadcom Limited for the previous quarter, Wall Street now forecasts 5.09% EPS growth.

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