Monroe Bank & Trust Boosted Its La Z Boy (LZB) Position by $659,742 as Stock Price Declined; Connors Investor Services Has Upped Its Chevron (CVX) Holding by $530,010

February 15, 2018 - By Michael Collier

Connors Investor Services Inc increased its stake in Chevron (CVX) by 7.36% based on its latest 2017Q3 regulatory filing with the SEC. Connors Investor Services Inc bought 4,530 shares as the company’s stock declined 3.45% while stock markets rallied. The institutional investor held 66,085 shares of the integrated oil company at the end of 2017Q3, valued at $7.77 million, up from 61,555 at the end of the previous reported quarter. Connors Investor Services Inc who had been investing in Chevron for a number of months, seems to be bullish on the $215.83 billion market cap company. The stock increased 0.30% or $0.34 during the last trading session, reaching $113.63. About 7.03M shares traded or 10.15% up from the average. Chevron Corporation (NYSE:CVX) has risen 6.68% since February 15, 2017 and is uptrending. It has underperformed by 10.02% the S&P500.

Monroe Bank & Trust increased its stake in La Z Boy Inc (LZB) by 30.17% based on its latest 2017Q3 regulatory filing with the SEC. Monroe Bank & Trust bought 21,282 shares as the company’s stock declined 6.70% while stock markets rallied. The institutional investor held 91,820 shares of the home furnishings company at the end of 2017Q3, valued at $2.85M, up from 70,538 at the end of the previous reported quarter. Monroe Bank & Trust who had been investing in La Z Boy Inc for a number of months, seems to be bullish on the $1.39 billion market cap company. The stock increased 1.91% or $0.55 during the last trading session, reaching $29.3. About 330,590 shares traded. La-Z-Boy Incorporated (NYSE:LZB) has risen 10.10% since February 15, 2017 and is uptrending. It has underperformed by 6.60% the S&P500.

Investors sentiment decreased to 0.85 in 2017 Q3. Its down 0.38, from 1.23 in 2017Q2. It fall, as 31 investors sold LZB shares while 61 reduced holdings. 27 funds opened positions while 51 raised stakes. 40.13 million shares or 2.78% less from 41.27 million shares in 2017Q2 were reported. Silvercrest Asset Mgmt Gp Limited Liability Corporation has 2.47 million shares for 0.66% of their portfolio. Engineers Gate Manager Limited Partnership has invested 0.07% in La-Z-Boy Incorporated (NYSE:LZB). Thrivent Fincl For Lutherans holds 0.01% of its portfolio in La-Z-Boy Incorporated (NYSE:LZB) for 143,625 shares. Tudor Corporation Et Al holds 35,371 shares. Intll Group Inc invested in 38,244 shares. Invesco Limited stated it has 0.01% of its portfolio in La-Z-Boy Incorporated (NYSE:LZB). Principal Gru reported 0.01% in La-Z-Boy Incorporated (NYSE:LZB). Pub Employees Retirement Association Of Colorado invested 0% in La-Z-Boy Incorporated (NYSE:LZB). Parallax Volatility Advisers LP holds 233 shares or 0% of its portfolio. Mason Street Advsr Lc owns 0.01% invested in La-Z-Boy Incorporated (NYSE:LZB) for 12,218 shares. Tiaa Cref Mngmt holds 0.01% in La-Z-Boy Incorporated (NYSE:LZB) or 294,447 shares. Goldman Sachs has 215,528 shares. Bb&T Corp has invested 0.02% in La-Z-Boy Incorporated (NYSE:LZB). Kemnay Advisory Svcs, a New York-based fund reported 30,454 shares. Paloma Mngmt reported 47,353 shares.

Among 7 analysts covering La-Z-Boy (NYSE:LZB), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. La-Z-Boy had 15 analyst reports since August 20, 2015 according to SRatingsIntel. Barrington Research maintained the stock with “Outperform” rating in Thursday, August 20 report. KeyBanc Capital Markets maintained La-Z-Boy Incorporated (NYSE:LZB) rating on Thursday, September 28. KeyBanc Capital Markets has “Buy” rating and $36.0 target. The firm has “Hold” rating given on Tuesday, August 22 by Stifel Nicolaus. Stifel Nicolaus downgraded the shares of LZB in report on Thursday, February 23 to “Hold” rating. On Tuesday, August 18 the stock rating was upgraded by Zacks to “Hold”. Longbow initiated the shares of LZB in report on Friday, August 5 with “Neutral” rating. The stock of La-Z-Boy Incorporated (NYSE:LZB) earned “Mkt Perform” rating by Raymond James on Thursday, January 5. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Thursday, October 6 report. The rating was maintained by Stifel Nicolaus on Thursday, November 30 with “Hold”. As per Tuesday, August 1, the company rating was downgraded by Sidoti.

Since August 16, 2017, it had 0 insider buys, and 1 sale for $3.06 million activity. On Wednesday, August 16 Deily Linnet F sold $248,274 worth of Chevron Corporation (NYSE:CVX) or 2,312 shares.

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.08, from 1.03 in 2017Q2. It worsened, 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. Stonebridge Cap Advisors Ltd Liability reported 40,178 shares stake. Atalanta Sosnoff Cap Limited Liability Corporation stated it has 2.09% of its portfolio in Chevron Corporation (NYSE:CVX). Intersect Ltd Limited Liability Company has invested 2.18% in Chevron Corporation (NYSE:CVX). Tennessee-based Capwealth Advsr has invested 1.22% in Chevron Corporation (NYSE:CVX). Wedge Management L Limited Partnership Nc stated it has 126,038 shares. Rothschild Inv Il invested 0.42% in Chevron Corporation (NYSE:CVX). Umb Bancshares N A Mo accumulated 272,618 shares or 1.1% of the stock. Lawson Kroeker Invest Mgmt Ne, Nebraska-based fund reported 44,371 shares. Palisade Asset Management Ltd, a Minnesota-based fund reported 109,879 shares. California Employees Retirement Systems has 0.87% invested in Chevron Corporation (NYSE:CVX) for 4.99M shares. Hoertkorn Richard Charles accumulated 1.19% or 15,915 shares. Willis Invest Counsel reported 1.26% in Chevron Corporation (NYSE:CVX). Leavell Investment Mgmt Inc has invested 0.61% in Chevron Corporation (NYSE:CVX). Pictet Asset Mngmt holds 0.35% or 1.07M shares. Highvista Strategies holds 0.11% or 4,161 shares.

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By1 Michael Collier

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