Bedell Frazier Investment Counseling Has Boosted Its Holding in Apple (AAPL) as Shares Rose; Golden Gate Private Equity Holding in Albemarle (ALB) Lifted by $895,160 as Market Valuation Declined

June 14, 2018 - By Henry Gaston

Albemarle Corporation (NYSE:ALB) Logo

Golden Gate Private Equity Inc increased its stake in Albemarle Corporation (ALB) by 37.61% based on its latest 2018Q1 regulatory filing with the SEC. Golden Gate Private Equity Inc bought 9,730 shares as the company’s stock declined 13.88% with the market. The institutional investor held 35,600 shares of the major chemicals company at the end of 2018Q1, valued at $3.30 million, up from 25,870 at the end of the previous reported quarter. Golden Gate Private Equity Inc who had been investing in Albemarle Corporation for a number of months, seems to be bullish on the $10.37 billion market cap company. The stock decreased 0.20% or $0.19 during the last trading session, reaching $93.655. About 763,298 shares traded. Albemarle Corporation (NYSE:ALB) has declined 15.78% since June 14, 2017 and is downtrending. It has underperformed by 28.35% the S&P500. Some Historical ALB News: 19/04/2018 – Albemarle at Barclays Electronic Chemicals Conference May 14; 10/05/2018 – ALBEMARLE HAS ALMOST 100 PCT OF 2018 LITHIUM VOLUME COMMITTED IN LONG-TERM CONTRACTS – PRESIDENT MITCHELL; 14/05/2018 – ALBEMARLE CORP – PURCHASES WILL BE FUNDED THROUGH AVAILABLE CASH ON HAND; 09/05/2018 – Albemarle Sees FY Adj EPS $5.10-Adj EPS $5.40; 09/03/2018 – Chile approves increase in lithium quota for Albemarle; 09/05/2018 – ALBEMARLE CORP – SEES 2018 ADJUSTED EPS OF $5.10 – $5.40; 10/05/2018 – ALB SEES NO RISK OF LITHIUM PRICE DROPPING DUE TO CONTRACTS; 09/05/2018 – ALBEMARLE BOOSTS 2018 ADJUSTED EPS OUTLOOK; 17/05/2018 – ALBEMARLE RASIED TO BBB FROM BBB- BY FITCH; 17/05/2018 – ALBEMARLE OUTLOOK STABLE BY FITCH

Bedell Frazier Investment Counseling Llc increased its stake in Apple Inc (AAPL) by 2.54% based on its latest 2018Q1 regulatory filing with the SEC. Bedell Frazier Investment Counseling Llc bought 2,849 shares as the company’s stock rose 5.37% while stock markets declined. The institutional investor held 115,017 shares of the computer manufacturing company at the end of 2018Q1, valued at $19.30M, up from 112,168 at the end of the previous reported quarter. Bedell Frazier Investment Counseling Llc who had been investing in Apple Inc for a number of months, seems to be bullish on the $938.20 billion market cap company. The stock increased 0.09% or $0.18 during the last trading session, reaching $190.88. About 14.77M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 22.56% since June 14, 2017 and is uptrending. It has outperformed by 9.99% the S&P500. Some Historical AAPL News: 06/04/2018 – Apple’s Tim Cook: #MeToo, DACA activists and Parkland students are ‘heroes’; 02/04/2018 – Facebook and Apple may be fighting, but they have actually enabled each other’s success for years; 30/03/2018 – Foxconn suffers first yearly profit drop since 2008 as iPhone slumps; 02/05/2018 – NOVUS THERAPEUTICS HOLDER APPLE TREE CUT STAKE TO 8.1% VS ~9.4%; 30/03/2018 – TAIPEI — Leading iPhone assembler Hon Hai Precision Industry endured its first decline in full-year net profit since 2008, hampered by weaker-than-expected sales of the smartphone while the company struggles to reduce its reliance on Apple; 13/05/2018 – ‘Groundhog Day’ for Apple and Samsung as patents case back in court; 27/04/2018 – Lance Ulanoff: Moar Rumors: Apple’s working on a powerful, wireless headset for both AR, VR; 01/05/2018 – APPLE 2Q EPS $2.73, EST. $2.64; 01/05/2018 – But Apple’s runaway growth over the past few years has saddled it with big expectations. The question is, is Apple diversifying fast enough?; 25/04/2018 – Screenvision Media, KAOS Connect, and Crunchyroll Announce Ticket Availability for Bungo Stray Dogs – DEAD APPLE –

Among 23 analysts covering Albemarle Corporation (NYSE:ALB), 16 have Buy rating, 1 Sell and 6 Hold. Therefore 70% are positive. Albemarle Corporation had 78 analyst reports since August 7, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained Albemarle Corporation (NYSE:ALB) rating on Thursday, March 1. KeyBanc Capital Markets has “Overweight” rating and $148 target. The firm has “Buy” rating given on Wednesday, September 16 by Deutsche Bank. The firm has “Buy” rating given on Friday, June 16 by Jefferies. On Monday, July 17 the stock rating was maintained by Jefferies with “Buy”. As per Monday, February 26, the company rating was downgraded by Morgan Stanley. The company was upgraded on Tuesday, January 17 by Robert W. Baird. The rating was upgraded by UBS to “Buy” on Tuesday, January 30. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, March 1. The stock of Albemarle Corporation (NYSE:ALB) earned “Buy” rating by RBC Capital Markets on Monday, June 12. The firm has “Hold” rating by Suntrust Robinson given on Wednesday, August 9.

Investors sentiment decreased to 0.99 in Q1 2018. Its down 0.02, from 1.01 in 2017Q4. It dropped, as 82 investors sold ALB shares while 156 reduced holdings. 72 funds opened positions while 163 raised stakes. 93.28 million shares or 0.45% more from 92.86 million shares in 2017Q4 were reported. 175,143 were reported by Apg Asset Mngmt Nv. Earnest Prns Ltd Liability holds 0% in Albemarle Corporation (NYSE:ALB) or 56 shares. Ruggie stated it has 390 shares or 0.02% of all its holdings. Great West Life Assurance Can stated it has 0.03% of its portfolio in Albemarle Corporation (NYSE:ALB). Parametric Limited Com owns 159,195 shares. Morgan Stanley reported 652,397 shares. Asset Inc reported 0.03% of its portfolio in Albemarle Corporation (NYSE:ALB). Quantitative Inv Management Ltd Liability Co has 0.24% invested in Albemarle Corporation (NYSE:ALB) for 146,500 shares. Cubist Systematic Strategies Limited Liability has invested 0.13% in Albemarle Corporation (NYSE:ALB). Meiji Yasuda Asset Mgmt reported 3,900 shares. 279,351 were accumulated by Hahn Capital Limited Liability Corporation. Strs Ohio holds 0.01% or 13,383 shares in its portfolio. Caisse De Depot Et Placement Du Quebec reported 0% in Albemarle Corporation (NYSE:ALB). Mitsubishi Ufj Secs Communications Limited has invested 1.34% in Albemarle Corporation (NYSE:ALB). Welch Gp Limited Liability Corp accumulated 2,207 shares.

More notable recent Albemarle Corporation (NYSE:ALB) news were published by: Seekingalpha.com which released: “Honeywell, Dover among companies exiting Iran presence before sanctions” on June 05, 2018, also Seekingalpha.com with their article: “Lithium revival across the US” published on June 13, 2018, Seekingalpha.com published: “Wall Street Breakfast: Fed Day Comes Round Again” on June 13, 2018. More interesting news about Albemarle Corporation (NYSE:ALB) were released by: Fool.com and their article: “SQM vs. Albemarle vs. FMC Corp.: Which Had the Best Lithium Results in Q1?” published on May 30, 2018 as well as Globenewswire.com‘s news article titled: “Detailed Research: Economic Perspectives on Och-Ziff Capital Management Group, Axalta Coating, Trinity Industries …” with publication date: June 13, 2018.

Since January 5, 2018, it had 0 buys, and 12 sales for $51.10 million activity. LEVINSON ARTHUR D had sold 35,000 shares worth $6.51M on Wednesday, May 9. Shares for $2.94M were sold by Riccio Daniel J.. 14,976 shares valued at $2.81M were sold by Srouji Johny on Wednesday, May 23. $6.75M worth of stock was sold by AHRENDTS ANGELA J on Thursday, May 3. $910,129 worth of stock was sold by KONDO CHRIS on Wednesday, May 16. On Friday, June 8 the insider WILLIAMS JEFFREY E sold $2.99 million.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Seekingalpha.com which released: “Apple: Can Shares Double Again In 2 Years?” on June 13, 2018, also Seekingalpha.com with their article: “Bloomberg: Apple nears deal for animated film” published on June 14, 2018, Seekingalpha.com published: “For Microsoft The Future Is Now” on June 13, 2018. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Seekingalpha.com and their article: “Apple cracks down on apps collecting contact data” published on June 12, 2018 as well as Seekingalpha.com‘s news article titled: “Misunderstanding Apple” with publication date: June 13, 2018.

Investors sentiment decreased to 0.69 in 2018 Q1. Its down 0.04, from 0.73 in 2017Q4. It dropped, as 69 investors sold AAPL shares while 1039 reduced holdings. 125 funds opened positions while 645 raised stakes. 2.86 billion shares or 3.74% less from 2.98 billion shares in 2017Q4 were reported. Buffington Mohr Mcneal owns 3,889 shares. Summit Asset Management Lc accumulated 10,673 shares. Gamco Invsts Et Al has 0.06% invested in Apple Inc. (NASDAQ:AAPL) for 55,285 shares. Stelac Advisory Limited Company has 0.52% invested in Apple Inc. (NASDAQ:AAPL) for 10,369 shares. Sentinel Trust Com Lba has 1.28% invested in Apple Inc. (NASDAQ:AAPL). 16,445 are held by Ima Wealth Inc. Lucas Cap Mgmt owns 35,538 shares or 5.85% of their US portfolio. Bnp Paribas Arbitrage owns 3.89M shares or 0% of their US portfolio. California-based Reilly Fincl Limited Liability Company has invested 2.35% in Apple Inc. (NASDAQ:AAPL). 370,422 are held by First Allied Advisory Services Incorporated. Moreover, Financial Counselors has 2.1% invested in Apple Inc. (NASDAQ:AAPL) for 262,598 shares. Transamerica Fincl accumulated 36,367 shares. Marble Harbor Counsel Ltd Co invested in 101,253 shares or 3.36% of the stock. Fort Washington Invest Incorporated Oh has invested 2.6% in Apple Inc. (NASDAQ:AAPL). Hudson Bay Capital Mgmt Lp stated it has 86,550 shares or 0.3% of all its holdings.

Among 56 analysts covering Apple Inc. (NASDAQ:AAPL), 36 have Buy rating, 1 Sell and 19 Hold. Therefore 64% are positive. Apple Inc. had 421 analyst reports since July 21, 2015 according to SRatingsIntel. The company was initiated on Tuesday, September 22 by Goldman Sachs. The rating was maintained by Robert W. Baird on Wednesday, April 27 with “Outperform”. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by Global Equities Research on Tuesday, August 25. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by Citigroup on Thursday, April 5. The company was maintained on Thursday, October 22 by Susquehanna. HSBC initiated it with “Buy” rating and $193.0 target in Wednesday, October 25 report. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, January 27 report. As per Monday, May 21, the company rating was maintained by Nomura. RBC Capital Markets maintained Apple Inc. (NASDAQ:AAPL) rating on Monday, June 26. RBC Capital Markets has “Buy” rating and $16800 target. The company was maintained on Wednesday, July 27 by BMO Capital Markets.

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