As Chevron New (CVX) Stock Declined, Mechanics Bank Trust Department Trimmed Stake; Rowland & Company Investment Counsel Increases Holding in Apple (AAPL)

February 18, 2018 - By Richard Conner

Rowland & Company Investment Counsel increased its stake in Apple Inc (AAPL) by 25.11% based on its latest 2017Q3 regulatory filing with the SEC. Rowland & Company Investment Counsel bought 8,338 shares as the company’s stock rose 12.78% with the market. The institutional investor held 41,543 shares of the computer manufacturing company at the end of 2017Q3, valued at $6.39 million, up from 33,205 at the end of the previous reported quarter. Rowland & Company Investment Counsel who had been investing in Apple Inc for a number of months, seems to be bullish on the $874.91 billion market cap company. The stock decreased 0.32% or $0.56 during the last trading session, reaching $172.43. About 40.18 million shares traded or 17.89% up from the average. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since February 18, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Mechanics Bank Trust Department decreased its stake in Chevron Corp New (CVX) by 2.79% based on its latest 2017Q3 regulatory filing with the SEC. Mechanics Bank Trust Department sold 3,353 shares as the company’s stock declined 3.45% while stock markets rallied. The institutional investor held 116,704 shares of the integrated oil company at the end of 2017Q3, valued at $13.71M, down from 120,057 at the end of the previous reported quarter. Mechanics Bank Trust Department who had been investing in Chevron Corp New for a number of months, seems to be less bullish one the $213.00B market cap company. The stock decreased 0.35% or $0.39 during the last trading session, reaching $112.14. About 5.95M shares traded. Chevron Corporation (NYSE:CVX) has risen 6.68% since February 18, 2017 and is uptrending. It has underperformed by 10.02% the S&P500.

Since August 15, 2017, it had 0 insider purchases, and 7 sales for $70.47 million activity. 6,209 Apple Inc. (NASDAQ:AAPL) shares with value of $1.01M were sold by KONDO CHRIS. 268,623 shares were sold by COOK TIMOTHY D, worth $43.15M. $2.73 million worth of Apple Inc. (NASDAQ:AAPL) was sold by Riccio Daniel J.. 63,388 Apple Inc. (NASDAQ:AAPL) shares with value of $9.78 million were sold by AHRENDTS ANGELA J. $8.79 million worth of Apple Inc. (NASDAQ:AAPL) shares were sold by SCHILLER PHILIP W.

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. Trustco Bank Corporation N Y reported 11,695 shares. The California-based Dowling And Yahnke Ltd Liability Corp has invested 2.09% in Apple Inc. (NASDAQ:AAPL). Wellington Shields Mgmt Limited holds 86,481 shares. Advisory Research has invested 0.03% in Apple Inc. (NASDAQ:AAPL). Fayerweather Charles invested in 19,069 shares. Advisor Partners Lc holds 3.48% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 114,881 shares. Compass Cap Inc owns 1,754 shares. Kamunting Street Cap Mngmt Ltd Partnership owns 2.92% invested in Apple Inc. (NASDAQ:AAPL) for 30,000 shares. Willingdon Wealth Management owns 27,724 shares. Automobile Association reported 4.46 million shares. Curbstone Mgmt Corp accumulated 2.1% or 47,132 shares. Professional Advisory has invested 0.05% in Apple Inc. (NASDAQ:AAPL). Farr Miller & Washington Ltd Company Dc holds 0.63% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 42,953 shares. Stanley Management, a Texas-based fund reported 52,806 shares. Moreover, Spc Fincl Inc has 0.49% invested in Apple Inc. (NASDAQ:AAPL).

Among 53 analysts covering Apple Inc. (NASDAQ:AAPL), 34 have Buy rating, 1 Sell and 18 Hold. Therefore 64% are positive. Apple Inc. had 378 analyst reports since July 21, 2015 according to SRatingsIntel. Goldman Sachs maintained Apple Inc. (NASDAQ:AAPL) on Thursday, June 2 with “Buy” rating. On Wednesday, October 26 the stock rating was maintained by Brean Capital with “Buy”. Credit Suisse maintained it with “Outperform” rating and $140 target in Wednesday, October 28 report. UBS maintained it with “Buy” rating and $150 target in Friday, September 11 report. The firm earned “Buy” rating on Wednesday, December 23 by Stifel Nicolaus. Loop Capital maintained it with “Buy” rating and $200 target in Friday, November 3 report. BTIG Research maintained it with “Buy” rating and $198.0 target in Tuesday, February 13 report. The rating was maintained by KeyBanc Capital Markets on Wednesday, August 2 with “Hold”. As per Tuesday, April 4, the company rating was maintained by Pacific Crest. Wells Fargo initiated it with “Hold” rating and $195.0 target in Tuesday, November 14 report.

Rowland & Company Investment Counsel, which manages about $228.64 million and $240.76 million US Long portfolio, decreased its stake in Conocophillips (NYSE:COP) by 12,216 shares to 58,012 shares, valued at $2.90 million in 2017Q3, according to the filing.

Since August 16, 2017, it had 0 insider buys, and 1 sale for $3.06 million activity. Another trade for 25,500 shares valued at $3.06 million was made by Pate R. Hewitt on Monday, October 16.

Among 34 analysts covering Chevron Corporation (NYSE:CVX), 24 have Buy rating, 0 Sell and 10 Hold. Therefore 71% are positive. Chevron Corporation had 114 analyst reports since August 4, 2015 according to SRatingsIntel. The company was initiated on Wednesday, September 23 by Macquarie Research. The firm has “Buy” rating given on Tuesday, October 3 by Jefferies. Tudor Pickering upgraded the shares of CVX in report on Monday, September 21 to “Accumulate” rating. Barclays Capital upgraded the stock to “Overweight” rating in Tuesday, February 6 report. As per Tuesday, September 19, the company rating was maintained by Cowen & Co. The firm has “Overweight” rating given on Friday, September 11 by JP Morgan. The rating was maintained by BMO Capital Markets with “Buy” on Thursday, June 22. The stock has “Overweight” rating by JP Morgan on Tuesday, December 15. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Friday, January 19 by Jefferies. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, October 12.

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.08, from 1.03 in 2017Q2. It turned negative, as 43 investors sold CVX shares while 696 reduced holdings. 121 funds opened positions while 584 raised stakes. 1.18 billion shares or 1.43% more from 1.16 billion shares in 2017Q2 were reported. Newman Dignan Sheerar Inc accumulated 13,117 shares or 0.82% of the stock. 30,610 are held by Armstrong Shaw Associate Ct. Orrstown Fincl has invested 1.19% in Chevron Corporation (NYSE:CVX). Royal Fincl Bank Of Scotland Gru Public Ltd Company stated it has 0.13% in Chevron Corporation (NYSE:CVX). Advsr Cap Mgmt Ltd Liability Co stated it has 6,311 shares or 0.06% of all its holdings. Argent Trust Com invested 2.48% of its portfolio in Chevron Corporation (NYSE:CVX). Hamel Assoc has invested 3.49% in Chevron Corporation (NYSE:CVX). Corda Invest Mngmt Limited Liability Co owns 0.15% invested in Chevron Corporation (NYSE:CVX) for 9,957 shares. Horizon Kinetics Limited Liability Company invested in 13,913 shares. Huntington Steele Limited Liability Com, a Washington-based fund reported 5,419 shares. Ameritas Invest Partners holds 0.33% of its portfolio in Chevron Corporation (NYSE:CVX) for 63,534 shares. 1,152 were reported by Riggs Asset Managment Com. Timber Creek Ltd Liability Company owns 27,165 shares or 2.15% of their US portfolio. First Interstate National Bank invested 1.48% in Chevron Corporation (NYSE:CVX). Highlander Mngmt Ltd Liability Corp holds 4,194 shares or 0.38% of its portfolio.

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By1 Richard Conner

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