Molson Coors Brewing Co Cl B (TAP) Holder Cibc World Markets Cut Its Position by $943,569; Evanson Asset Management Has Decreased Its Position in Apple (AAPL) by $4.17 Million as Valuation Rose

January 12, 2018 - By Michael Collier

Evanson Asset Management Llc decreased its stake in Apple Inc (AAPL) by 17.13% based on its latest 2017Q3 regulatory filing with the SEC. Evanson Asset Management Llc sold 27,095 shares as the company’s stock rose 12.78% with the market. The institutional investor held 131,071 shares of the computer manufacturing company at the end of 2017Q3, valued at $20.20 million, down from 158,166 at the end of the previous reported quarter. Evanson Asset Management Llc who had been investing in Apple Inc for a number of months, seems to be less bullish one the $900.92 billion market cap company. The stock increased 1.04% or $1.82 during the last trading session, reaching $177.1. About 21.49 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since January 12, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Cibc World Markets Corp decreased its stake in Molson Coors Brewing Co Cl B (TAP) by 4.98% based on its latest 2017Q3 regulatory filing with the SEC. Cibc World Markets Corp sold 11,649 shares as the company’s stock declined 7.34% while stock markets rallied. The institutional investor held 222,339 shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $18.15M, down from 233,988 at the end of the previous reported quarter. Cibc World Markets Corp who had been investing in Molson Coors Brewing Co Cl B for a number of months, seems to be less bullish one the $18.31B market cap company. The stock increased 0.61% or $0.515 during the last trading session, reaching $85.005. About 776,351 shares traded. Molson Coors Brewing Company (NYSE:TAP) has declined 3.45% since January 12, 2017 and is downtrending. It has underperformed by 20.15% the S&P500.

Investors sentiment increased to 0.7 in Q3 2017. Its up 0.02, from 0.68 in 2017Q2. It is positive, as 52 investors sold AAPL shares while 1034 reduced holdings. 116 funds opened positions while 640 raised stakes. 2.97 billion shares or 2.78% less from 3.06 billion shares in 2017Q2 were reported. Capital Wealth Planning Ltd Liability Corporation accumulated 14,765 shares. Rosenblum Silverman Sutton S F Ca has invested 0.16% in Apple Inc. (NASDAQ:AAPL). Clean Yield Group invested in 69,841 shares or 4.39% of the stock. Bryn Mawr Trust holds 2.36% or 269,419 shares in its portfolio. Midwest Investment Management Limited Liability reported 2.83% of its portfolio in Apple Inc. (NASDAQ:AAPL). Sabal Tru Com holds 1.98% in Apple Inc. (NASDAQ:AAPL) or 128,654 shares. The Connecticut-based Cubist Systematic Strategies Ltd Com has invested 0.23% in Apple Inc. (NASDAQ:AAPL). Litman Gregory Asset Lc owns 0.01% invested in Apple Inc. (NASDAQ:AAPL) for 158 shares. Americafirst Cap Management Ltd Llc has invested 0.42% of its portfolio in Apple Inc. (NASDAQ:AAPL). Grubman Wealth Management has invested 0.23% in Apple Inc. (NASDAQ:AAPL). Stewart & Patten Ltd Limited Liability Company has invested 2.51% in Apple Inc. (NASDAQ:AAPL). Hexavest holds 1.40 million shares or 2.64% of its portfolio. General Invsts Com Inc invested in 1.52% or 104,000 shares. Reynders Mcveigh Cap Lc holds 4% or 199,066 shares in its portfolio. Syntal Cap Prtnrs Limited owns 0.82% invested in Apple Inc. (NASDAQ:AAPL) for 7,380 shares.

Since August 7, 2017, it had 0 insider purchases, and 12 sales for $93.68 million activity. $43.15M worth of Apple Inc. (NASDAQ:AAPL) was sold by COOK TIMOTHY D. $8.79M worth of stock was sold by SCHILLER PHILIP W on Tuesday, October 3. Another trade for 63,388 shares valued at $9.78M was sold by AHRENDTS ANGELA J. Riccio Daniel J. sold $2.73M worth of stock. Shares for $1.01M were sold by KONDO CHRIS on Tuesday, August 15. 35,000 Apple Inc. (NASDAQ:AAPL) shares with value of $5.52M were sold by LEVINSON ARTHUR D.

Among 52 analysts covering Apple Inc. (NASDAQ:AAPL), 40 have Buy rating, 1 Sell and 11 Hold. Therefore 77% are positive. Apple Inc. had 344 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Macquarie Research with “Buy” on Wednesday, April 27. The stock has “Buy” rating by Piper Jaffray on Monday, August 31. The firm has “Outperform” rating by FBR Capital given on Wednesday, July 22. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Thursday, October 26 by Canaccord Genuity. As per Wednesday, August 2, the company rating was maintained by Credit Suisse. The stock has “Overweight” rating by PiperJaffray on Friday, September 22. As per Friday, December 16, the company rating was reinitiated by PiperJaffray. As per Friday, November 3, the company rating was maintained by Nomura. The rating was maintained by Morgan Stanley on Friday, September 11 with “Buy”. Drexel Hamilton maintained it with “Buy” rating and $20200 target in Friday, June 2 report.

Evanson Asset Management Llc, which manages about $3.18 billion and $467.66M US Long portfolio, upped its stake in Berkshire Hathaway Inc Del (BRKB) by 2,171 shares to 34,483 shares, valued at $6.32M in 2017Q3, according to the filing. It also increased its holding in Sprott Physical Gold Trust (PHYS) by 103,231 shares in the quarter, for a total of 4.51M shares, and has risen its stake in Vanguard Index Fds (VNQ).

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on January, 30. They expect $3.75 EPS, up 11.61% or $0.39 from last year’s $3.36 per share. AAPL’s profit will be $19.08 billion for 11.81 P/E if the $3.75 EPS becomes a reality. After $2.07 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts 81.16% EPS growth.

Since August 3, 2017, it had 0 insider buys, and 1 insider sale for $1.58 million activity.

Analysts await Molson Coors Brewing Company (NYSE:TAP) to report earnings on February, 13. They expect $0.59 EPS, up 28.26% or $0.13 from last year’s $0.46 per share. TAP’s profit will be $127.06 million for 36.02 P/E if the $0.59 EPS becomes a reality. After $1.34 actual EPS reported by Molson Coors Brewing Company for the previous quarter, Wall Street now forecasts -55.97% negative EPS growth.

Cibc World Markets Corp, which manages about $10.42 billion US Long portfolio, upped its stake in Comcast Corp New Cl A (NASDAQ:CMCSA) by 447,736 shares to 2.27M shares, valued at $87.44M in 2017Q3, according to the filing. It also increased its holding in Zimmer Biomet Hldgs Inc (ZMH) by 2,675 shares in the quarter, for a total of 31,108 shares, and has risen its stake in Concho Res Inc Com (NYSE:CXO).

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