As Avnet (AVT) Valuation Declined, Northern Trust Has Lowered by $646,816 Its Holding; As Mckesson Hboc Com (MCK) Market Valuation Declined, Roundview Capital Has Lifted Stake

August 12, 2018 - By Palma Niemeyer

Avnet, Inc. (NASDAQ:AVT) Logo

Northern Trust Corp decreased its stake in Avnet Inc (AVT) by 1.29% based on its latest 2018Q1 regulatory filing with the SEC. Northern Trust Corp sold 15,776 shares as the company’s stock declined 10.23% with the market. The institutional investor held 1.21M shares of the consumer non-durables company at the end of 2018Q1, valued at $50.58 million, down from 1.23M at the end of the previous reported quarter. Northern Trust Corp who had been investing in Avnet Inc for a number of months, seems to be less bullish one the $5.47B market cap company. The stock decreased 0.06% or $0.03 during the last trading session, reaching $46.38. About 1.05 million shares traded or 14.17% up from the average. Avnet, Inc. (NYSE:AVT) has risen 4.99% since August 12, 2017 and is uptrending. It has underperformed by 7.58% the S&P500. Some Historical AVT News: 10/04/2018 – Avnet Short-Interest Ratio Rises 27% to 9 Days; 19/04/2018 – DJ Avnet Inc, Inst Holders, 1Q 2018 (AVT); 30/05/2018 – Avnet Presenting at Bank of America Conference Jun 7; 22/05/2018 – Avnet Declares Regular Quarterly Dividend; 23/05/2018 – Avnet Names Oleg Khaykin to Its Board of Directors; 26/04/2018 – Avnet Inc 3Q Loss $320M; 22/05/2018 – AVNET DECLARES REGULAR QTRLY DIV $0.19/SHR TO BE PAID JUNE 19; 26/04/2018 – Avnet Inc 3Q Loss/Shr $2.64; 21/05/2018 – Avnet Investor Day 2018 Webcast Details; 16/05/2018 – Avnet Closes Below 200-Day Moving Average: Technicals

Roundview Capital Llc increased its stake in Mckesson Hboc Inc Com (MCK) by 208.66% based on its latest 2018Q1 regulatory filing with the SEC. Roundview Capital Llc bought 5,300 shares as the company’s stock declined 5.64% with the market. The institutional investor held 7,840 shares of the other pharmaceuticals company at the end of 2018Q1, valued at $1.10 million, up from 2,540 at the end of the previous reported quarter. Roundview Capital Llc who had been investing in Mckesson Hboc Inc Com for a number of months, seems to be bullish on the $24.60B market cap company. The stock decreased 0.60% or $0.74 during the last trading session, reaching $123.14. About 990,673 shares traded. McKesson Corporation (NYSE:MCK) has declined 10.19% since August 12, 2017 and is downtrending. It has underperformed by 22.76% the S&P500.

Among 12 analysts covering Avnet Inc. (NYSE:AVT), 3 have Buy rating, 2 Sell and 7 Hold. Therefore 25% are positive. Avnet Inc. had 39 analyst reports since August 6, 2015 according to SRatingsIntel. Citigroup maintained Avnet, Inc. (NASDAQ:AVT) rating on Thursday, August 9. Citigroup has “Sell” rating and $39 target. Stifel Nicolaus maintained the shares of AVT in report on Sunday, October 15 with “Hold” rating. The firm earned “Sell” rating on Thursday, September 22 by Citigroup. The rating was maintained by Deutsche Bank with “Hold” on Thursday, August 10. The company was downgraded on Friday, April 28 by Suntrust Robinson. The company was maintained on Thursday, August 11 by Citigroup. The company was upgraded on Wednesday, April 25 by Bank of America. Citigroup maintained Avnet, Inc. (NASDAQ:AVT) on Monday, May 1 with “Sell” rating. Stifel Nicolaus downgraded the shares of AVT in report on Tuesday, September 20 to “Hold” rating. The firm earned “Hold” rating on Wednesday, August 9 by Stifel Nicolaus.

Northern Trust Corp, which manages about $384.38B US Long portfolio, upped its stake in Reinsurance Group Amer Inc (NYSE:RGA) by 5,504 shares to 704,864 shares, valued at $108.55 million in 2018Q1, according to the filing. It also increased its holding in Eastgroup Ppty Inc (NYSE:EGP) by 29,207 shares in the quarter, for a total of 652,009 shares, and has risen its stake in Lifepoint Health Inc (NASDAQ:LPNT).

Investors sentiment decreased to 0.97 in 2018 Q1. Its down 0.19, from 1.16 in 2017Q4. It turned negative, as 29 investors sold AVT shares while 115 reduced holdings. 50 funds opened positions while 89 raised stakes. 113.40 million shares or 2.48% more from 110.65 million shares in 2017Q4 were reported. Perigon Wealth Mngmt Ltd Liability invested 0.01% of its portfolio in Avnet, Inc. (NASDAQ:AVT). Cipher Cap Limited Partnership holds 0.36% or 71,614 shares. Moreover, Alphamark Advsrs Ltd Liability Corporation has 0% invested in Avnet, Inc. (NASDAQ:AVT) for 50 shares. Prudential holds 0.08% or 1.31M shares. 148,914 were accumulated by Aperio Grp Llc. Profund Advsr Limited Com holds 13,732 shares or 0.02% of its portfolio. Boston Prtnrs holds 5.69 million shares. Korea Inv stated it has 53,708 shares or 0.01% of all its holdings. New York State Common Retirement Fund holds 0.04% or 794,244 shares. Fincl Bank Of America De owns 908,661 shares for 0.01% of their portfolio. Caisse De Depot Et Placement Du Quebec holds 0.02% or 184,851 shares. Paragon Cap Mgmt holds 6,815 shares or 0.13% of its portfolio. Liberty Mutual Group Asset Mngmt holds 23,817 shares or 0.03% of its portfolio. Delta Asset Mgmt Limited Com Tn reported 1,200 shares. Buckhead Cap Management Ltd Liability reported 100,000 shares stake.

Since February 13, 2018, it had 0 buys, and 1 sale for $600,264 activity. On Friday, February 16 the insider GALLAGHER PHILIP R sold $600,264.

More recent Avnet, Inc. (NASDAQ:AVT) news were published by: Streetinsider.com which released: “Avnet (AVT) Tops Q4 EPS by 1c” on August 08, 2018. Also Benzinga.com published the news titled: “Avnet’s Revenue Recovery, Margin Improvement Trigger Bank Of America Upgrade” on August 10, 2018. Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For August 10, 2018” with publication date: August 10, 2018 was also an interesting one.

More notable recent McKesson Corporation (NYSE:MCK) news were published by: Seekingalpha.com which released: “McKesson appoints Brian S. Tyler, Ph.D. as president and chief operating officer” on July 31, 2018, also Seekingalpha.com with their article: “McKesson Corporation 2018 Q2 – Results – Earnings Call Slides” published on July 26, 2018, Seekingalpha.com published: “McKesson (MCK) Q1 2019 Results – Earnings Call Transcript” on July 26, 2018. More interesting news about McKesson Corporation (NYSE:MCK) were released by: Seekingalpha.com and their article: “Dear Mr. Market, Why Do You Punish McKesson?” published on August 09, 2018 as well as Seekingalpha.com‘s news article titled: “McKesson And Its Real Value” with publication date: August 07, 2018.

Among 22 analysts covering McKesson Corporation (NYSE:MCK), 12 have Buy rating, 1 Sell and 9 Hold. Therefore 55% are positive. McKesson Corporation had 88 analyst reports since July 31, 2015 according to SRatingsIntel. FBR Capital maintained it with “Outperform” rating and $253 target in Thursday, July 30 report. Jefferies upgraded McKesson Corporation (NYSE:MCK) on Friday, July 28 to “Buy” rating. The firm has “Buy” rating given on Monday, October 16 by Needham. The company was maintained on Wednesday, June 21 by Jefferies. Mizuho maintained McKesson Corporation (NYSE:MCK) on Tuesday, May 30 with “Hold” rating. The firm has “Buy” rating by Needham given on Monday, October 30. As per Friday, September 8, the company rating was upgraded by Needham. On Tuesday, October 24 the stock rating was maintained by Mizuho with “Hold”. The firm has “Buy” rating given on Friday, October 28 by Standpoint Research. JP Morgan maintained the stock with “Overweight” rating in Tuesday, August 9 report.

Roundview Capital Llc, which manages about $323.08M and $355.25 million US Long portfolio, decreased its stake in Goldman Sachs Group Inc (NYSE:GS) by 2,727 shares to 5,330 shares, valued at $1.34 million in 2018Q1, according to the filing. It also reduced its holding in Ross Stores Inc (NASDAQ:ROST) by 4,035 shares in the quarter, leaving it with 15,610 shares, and cut its stake in Howard Hughes Corp (NYSE:HHC).

Avnet, Inc. (NASDAQ:AVT) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Recent Posts