Private Trust Co Has Lifted Its Avery Dennison Corp. (AVY) Position by $448,840; Market Valuation Rose; Apple (AAPL) Holder Dock Street Asset Management Has Cut Position

February 17, 2018 - By Ellis Scott

Private Trust Co increased its stake in Avery Dennison Corp. (AVY) by 85.98% based on its latest 2017Q3 regulatory filing with the SEC. Private Trust Co bought 4,580 shares as the company’s stock rose 4.22% with the market. The institutional investor held 9,907 shares of the containers and packaging company at the end of 2017Q3, valued at $974,000, up from 5,327 at the end of the previous reported quarter. Private Trust Co who had been investing in Avery Dennison Corp. for a number of months, seems to be bullish on the $10.46B market cap company. The stock decreased 0.61% or $0.73 during the last trading session, reaching $118.8. About 642,638 shares traded. Avery Dennison Corporation (NYSE:AVY) has risen 10.91% since February 17, 2017 and is uptrending. It has underperformed by 5.79% the S&P500.

Dock Street Asset Management Inc decreased its stake in Apple (AAPL) by 3.02% based on its latest 2017Q3 regulatory filing with the SEC. Dock Street Asset Management Inc sold 6,631 shares as the company’s stock rose 12.78% with the market. The institutional investor held 212,592 shares of the computer manufacturing company at the end of 2017Q3, valued at $32.77M, down from 219,223 at the end of the previous reported quarter. Dock Street Asset Management Inc who had been investing in Apple for a number of months, seems to be less bullish one the $874.91B market cap company. The stock decreased 0.32% or $0.56 during the last trading session, reaching $172.43. About 40.18M shares traded or 18.57% up from the average. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since February 17, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Investors sentiment decreased to 0.92 in 2017 Q3. Its down 0.05, from 0.97 in 2017Q2. It turned negative, as 34 investors sold AVY shares while 167 reduced holdings. 50 funds opened positions while 134 raised stakes. 70.08 million shares or 2.56% less from 71.92 million shares in 2017Q2 were reported. Stifel Fincl Corp has invested 0.01% of its portfolio in Avery Dennison Corporation (NYSE:AVY). Prudential Plc holds 0.05% or 158,594 shares. Ferguson Wellman Cap Management Inc holds 0.25% or 71,385 shares in its portfolio. Kentucky Retirement Systems holds 0.04% of its portfolio in Avery Dennison Corporation (NYSE:AVY) for 5,438 shares. Bowen Hanes owns 373,226 shares. Ny State Teachers Retirement Systems holds 0.03% or 134,388 shares in its portfolio. Genesee Valley Trust accumulated 4,421 shares. Cibc invested in 0% or 9,422 shares. Moreover, Verition Fund Lc has 0.03% invested in Avery Dennison Corporation (NYSE:AVY). The New York-based Guardian Life Insurance Of America has invested 0% in Avery Dennison Corporation (NYSE:AVY). Boston Private Wealth Ltd Liability Company owns 9,122 shares. 24,812 were accumulated by Nationwide Fund. Envestnet Asset Mngmt Inc holds 37,480 shares or 0.01% of its portfolio. Pggm Invs reported 0.18% of its portfolio in Avery Dennison Corporation (NYSE:AVY). Capital Guardian holds 0% or 200 shares in its portfolio.

Since August 28, 2017, it had 0 buys, and 3 selling transactions for $2.52 million activity. BARKER PETER K had sold 2,000 shares worth $229,510. PYOTT DAVID E I sold 2,000 shares worth $188,000.

Private Trust Co, which manages about $459.46 million US Long portfolio, decreased its stake in Middleby Corp. (NASDAQ:MIDD) by 4,663 shares to 8,405 shares, valued at $1.08M in 2017Q3, according to the filing. It also reduced its holding in American Tower Reit Com (NYSE:AMT) by 3,140 shares in the quarter, leaving it with 10,158 shares, and cut its stake in Ishares Core Msci Emerging Mkts (IEMG).

Among 10 analysts covering Avery Dennison (NYSE:AVY), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Avery Dennison had 34 analyst reports since October 15, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained the stock with “Hold” rating in Friday, February 2 report. The stock has “Neutral” rating by JP Morgan on Friday, May 20. As per Monday, October 30, the company rating was maintained by Barclays Capital. The rating was downgraded by JP Morgan on Thursday, February 1 to “Underweight”. The stock of Avery Dennison Corporation (NYSE:AVY) earned “Hold” rating by KeyBanc Capital Markets on Wednesday, September 20. Barclays Capital maintained Avery Dennison Corporation (NYSE:AVY) rating on Monday, May 2. Barclays Capital has “Overweight” rating and $86 target. The rating was maintained by Robert W. Baird with “Buy” on Wednesday, January 10. Robert W. Baird maintained Avery Dennison Corporation (NYSE:AVY) rating on Thursday, October 26. Robert W. Baird has “Buy” rating and $115.0 target. Barclays Capital maintained the shares of AVY in report on Monday, February 12 with “Overweight” rating. JP Morgan downgraded Avery Dennison Corporation (NYSE:AVY) on Thursday, October 26 to “Neutral” rating.

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. The firm has “Buy” rating given on Wednesday, July 27 by Citigroup. The firm has “Outperform” rating given on Wednesday, October 26 by Macquarie Research. CLSA maintained it with “Buy” rating and $115 target in Wednesday, April 27 report. As per Monday, October 12, the company rating was maintained by Morgan Stanley. Canaccord Genuity maintained it with “Buy” rating and $146.0 target in Friday, January 8 report. Rosenblatt maintained Apple Inc. (NASDAQ:AAPL) on Tuesday, September 26 with “Hold” rating. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by Drexel Hamilton on Monday, August 7. The stock has “Buy” rating by Drexel Hamilton on Tuesday, September 19. The firm has “Buy” rating given on Thursday, February 1 by RBC Capital Markets. The stock has “Outperform” rating by Raymond James on Wednesday, July 27.

Since August 15, 2017, it had 0 buys, and 7 sales for $70.47 million activity. COOK TIMOTHY D had sold 268,623 shares worth $43.15 million on Thursday, August 24. On Tuesday, October 3 the insider SCHILLER PHILIP W sold $8.79M. AHRENDTS ANGELA J sold $9.78 million worth of Apple Inc. (NASDAQ:AAPL) on Tuesday, October 3. 6,209 shares valued at $1.01M were sold by KONDO CHRIS on Tuesday, August 15. Another trade for 5,892 shares valued at $948,612 was sold by Srouji Johny.

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By1 Ellis Scott

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