Centre Asset Management Has Lifted Applied Materials (AMAT) Holding by $563,200; Shareholder Wilbanks Smith & Thomas Asset Management Upped Dollar Tree (DLTR) Stake

June 14, 2018 - By Linda Rogers

Applied Materials, Inc. (NASDAQ:AMAT) Logo

Centre Asset Management Llc increased its stake in Applied Materials Inc (AMAT) by 6.33% based on its latest 2018Q1 regulatory filing with the SEC. Centre Asset Management Llc bought 10,240 shares as the company’s stock declined 13.54% with the market. The institutional investor held 172,060 shares of the technology company at the end of 2018Q1, valued at $9.57M, up from 161,820 at the end of the previous reported quarter. Centre Asset Management Llc who had been investing in Applied Materials Inc for a number of months, seems to be bullish on the $50.29B market cap company. The stock decreased 2.14% or $1.09 during the last trading session, reaching $49.89. About 10.34M shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 12.95% since June 14, 2017 and is uptrending. It has outperformed by 0.38% the S&P500.

Wilbanks Smith & Thomas Asset Management Llc increased its stake in Dollar Tree Inc (DLTR) by 13.58% based on its latest 2018Q1 regulatory filing with the SEC. Wilbanks Smith & Thomas Asset Management Llc bought 5,641 shares as the company’s stock declined 10.39% with the market. The institutional investor held 47,174 shares of the consumer services company at the end of 2018Q1, valued at $4.48M, up from 41,533 at the end of the previous reported quarter. Wilbanks Smith & Thomas Asset Management Llc who had been investing in Dollar Tree Inc for a number of months, seems to be bullish on the $20.92 billion market cap company. The stock increased 0.01% or $0.01 during the last trading session, reaching $87.99. About 2.11M shares traded. Dollar Tree, Inc. (NASDAQ:DLTR) has risen 20.79% since June 14, 2017 and is uptrending. It has outperformed by 8.22% the S&P500. Some Historical DLTR News: 07/03/2018 – Soft forecast deals a blow to Dollar Tree; 17/05/2018 – Dollar Tree, Inc. to Host First Quarter Earnings Conference Call; 07/03/2018 – DOLLAR TREE INC DLTR.O SEES FY 2018 SALES $22.7 BLN TO $23.12 BLN; 24/05/2018 – Moody’s Affirms One Class of CSFB 2005-C4; 17/05/2018 – Rising stars slash debt costs in robust US economy; 16/03/2018 – CFO Wampler Gifts 652 Of Dollar Tree Inc; 07/03/2018 Dollar Tree 4Q Net $1.04B; 07/03/2018 – Dollar Tree Sees FY18 EPS $5.25-EPS $5.60; 07/03/2018 – Dollar Tree: Total Benefit From Tax Cuts and Jobs Act in 4Q Was $583.7M; 07/03/2018 – Dollar Tree Sees FY18 Sales $22.7B-$23.12B

Since March 9, 2018, it had 3 insider purchases, and 4 sales for $298,929 activity. $569,084 worth of stock was sold by BARRON ARNOLD S on Tuesday, March 20. Shares for $201,088 were bought by Lewis Lemuel E. RUDMAN ROBERT H also sold $570,657 worth of Dollar Tree, Inc. (NASDAQ:DLTR) on Saturday, March 31. $246,230 worth of Dollar Tree, Inc. (NASDAQ:DLTR) shares were bought by NAYLOR JEFFREY G.

Investors sentiment decreased to 0.81 in 2018 Q1. Its down 0.36, from 1.17 in 2017Q4. It dived, as 67 investors sold DLTR shares while 216 reduced holdings. 68 funds opened positions while 162 raised stakes. 209.04 million shares or 2.02% more from 204.89 million shares in 2017Q4 were reported. Blair William And Communication Il stated it has 0% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR). Swiss Bancshares owns 760,747 shares. Meiji Yasuda Asset Mgmt Ltd holds 0.21% or 23,123 shares. Axa has 0.01% invested in Dollar Tree, Inc. (NASDAQ:DLTR) for 16,449 shares. Brown Brothers Harriman & accumulated 300 shares. Oregon Public Employees Retirement Fund owns 25,611 shares for 0.04% of their portfolio. Kentucky Retirement Systems Insur Tru Fund holds 0.1% or 5,428 shares in its portfolio. Acadian Asset Mgmt Limited Liability Company invested in 807 shares or 0% of the stock. Convergence Investment Partners Ltd Llc holds 972 shares. Evermay Wealth Ltd Liability Co stated it has 0.26% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR). Stelliam Inv Mngmt Lp invested in 452,500 shares or 1.79% of the stock. State Of Alaska Department Of Revenue stated it has 0.07% in Dollar Tree, Inc. (NASDAQ:DLTR). Cwm owns 44 shares. Raymond James And Associates reported 166,654 shares. Great West Life Assurance Comm Can invested 0.1% in Dollar Tree, Inc. (NASDAQ:DLTR).

More notable recent Dollar Tree, Inc. (NASDAQ:DLTR) news were published by: Seekingalpha.com which released: “Credit Suisse defends Dollar Tree” on June 12, 2018, also Seekingalpha.com with their article: “Dollar Tree: No Need To Panic” published on June 05, 2018, Fool.com published: “Why Dollar Tree, Inc. Stock Plunged Today” on June 01, 2018. More interesting news about Dollar Tree, Inc. (NASDAQ:DLTR) were released by: Bizjournals.com and their article: “Three Charlotte-area employers make ‘Worst Companies to Work For’ list” published on June 14, 2018 as well as Livetradingnews.com‘s news article titled: “Dollar Tree, Inc. (NASDAQ:DLTR) Declines 14.28%” with publication date: June 01, 2018.

Among 36 analysts covering Dollar Tree Inc. (NASDAQ:DLTR), 29 have Buy rating, 0 Sell and 7 Hold. Therefore 81% are positive. Dollar Tree Inc. had 125 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) earned “Overweight” rating by PiperJaffray on Monday, March 26. Piper Jaffray maintained Dollar Tree, Inc. (NASDAQ:DLTR) rating on Sunday, August 20. Piper Jaffray has “Hold” rating and $85.0 target. The firm earned “Equal-Weight” rating on Friday, August 25 by Morgan Stanley. The rating was upgraded by Loop Capital on Wednesday, April 18 to “Buy”. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) earned “Buy” rating by RBC Capital Markets on Wednesday, November 22. The firm has “Outperform” rating given on Friday, June 1 by Credit Suisse. The firm has “Buy” rating given on Monday, October 10 by Deutsche Bank. On Thursday, March 8 the stock rating was maintained by BMO Capital Markets with “Hold”. The company was maintained on Friday, June 1 by Morgan Stanley. The stock has “Overweight” rating by KeyBanc Capital Markets on Wednesday, November 22.

Wilbanks Smith & Thomas Asset Management Llc, which manages about $2.31 billion and $1.24B US Long portfolio, decreased its stake in General Electric (NYSE:GE) by 44,071 shares to 69,220 shares, valued at $933,000 in 2018Q1, according to the filing. It also reduced its holding in Spdr Barclays Cap Conv (CWB) by 83,678 shares in the quarter, leaving it with 10,160 shares, and cut its stake in Apple Inc (NASDAQ:AAPL).

Among 28 analysts covering Applied Materials Inc. (NASDAQ:AMAT), 24 have Buy rating, 0 Sell and 4 Hold. Therefore 86% are positive. Applied Materials Inc. had 125 analyst reports since August 4, 2015 according to SRatingsIntel. On Thursday, December 10 the stock rating was downgraded by CLSA to “Outperform”. The rating was upgraded by RBC Capital Markets to “Outperform” on Monday, September 18. DA Davidson maintained the stock with “Buy” rating in Monday, July 10 report. The rating was downgraded by Citigroup to “Neutral” on Friday, October 23. The rating was maintained by Needham on Monday, May 21 with “Buy”. The stock of Applied Materials, Inc. (NASDAQ:AMAT) has “Buy” rating given on Tuesday, January 19 by CLSA. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Hold” rating by RBC Capital Markets on Monday, July 24. Credit Suisse maintained the shares of AMAT in report on Monday, February 26 with “Outperform” rating. Susquehanna upgraded the stock to “Positive” rating in Tuesday, January 16 report. The stock has “Hold” rating by Goldman Sachs on Friday, May 18.

More notable recent Applied Materials, Inc. (NASDAQ:AMAT) news were published by: Seekingalpha.com which released: “Applied Materials Is So Attractive Under $50” on May 22, 2018, also Seekingalpha.com with their article: “Buy Alibaba – Cramer’s Lightning Round (6/12/18)” published on June 13, 2018, Seekingalpha.com published: “Applied Materials Looks Undervalued” on May 29, 2018. More interesting news about Applied Materials, Inc. (NASDAQ:AMAT) were released by: 247Wallst.com and their article: “Top Analyst Upgrades and Downgrades: Applied Materials, Comcast, HUYA, Sprint, Time Warner, Yelp and More” published on June 13, 2018 as well as Globenewswire.com‘s news article titled: “Applied Materials Announces Cash Dividend” with publication date: June 07, 2018.

Investors sentiment increased to 0.95 in 2018 Q1. Its up 0.09, from 0.86 in 2017Q4. It is positive, as 50 investors sold AMAT shares while 356 reduced holdings. 109 funds opened positions while 278 raised stakes. 762.68 million shares or 4.33% less from 797.20 million shares in 2017Q4 were reported. Cypress Asset Management Inc Tx stated it has 0.19% in Applied Materials, Inc. (NASDAQ:AMAT). Lakeview Capital Prns Limited Liability reported 7,060 shares. 533 were reported by Webster Bancorp N A. Engineers Gate Manager LP stated it has 34,359 shares. Hollow Brook Wealth Mngmt Limited Liability Com stated it has 0.88% in Applied Materials, Inc. (NASDAQ:AMAT). The New York-based X Management has invested 0.02% in Applied Materials, Inc. (NASDAQ:AMAT). The Oregon-based Ferguson Wellman Capital has invested 0.02% in Applied Materials, Inc. (NASDAQ:AMAT). Sol Cap Management holds 9,100 shares or 0.15% of its portfolio. Needham Invest Mngmt Ltd Liability Corp holds 0.12% or 7,500 shares. Jolley Asset Mgmt Lc invested in 84,095 shares or 2.83% of the stock. Comerica Bancshares reported 336,616 shares. Rmb Cap Mgmt Limited Liability Corp accumulated 12,795 shares. Stephens Invest Mgmt Group Incorporated Limited Liability Corp accumulated 0% or 1,975 shares. Palisade Cap Mngmt Llc Nj stated it has 0.32% in Applied Materials, Inc. (NASDAQ:AMAT). Hennessy Advisors invested in 61,200 shares or 0.11% of the stock.

Applied Materials, Inc. (NASDAQ:AMAT) Institutional Positions Chart

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