Hayek Kallen Investment Management Has Decreased Its Position in Abbott Labs (ABT) as Stock Price Rose; Fiserv (FISV) Holding Maintained by Covey Capital Advisors Llc

August 10, 2018 - By Megan Stone

Fiserv, Inc. (NASDAQ:FISV) Logo

Hayek Kallen Investment Management decreased its stake in Abbott Labs (ABT) by 39.86% based on its latest 2018Q1 regulatory filing with the SEC. Hayek Kallen Investment Management sold 10,138 shares as the company’s stock rose 3.04% while stock markets declined. The institutional investor held 15,295 shares of the major pharmaceuticals company at the end of 2018Q1, valued at $916,000, down from 25,433 at the end of the previous reported quarter. Hayek Kallen Investment Management who had been investing in Abbott Labs for a number of months, seems to be less bullish one the $113.40 billion market cap company. The stock decreased 0.31% or $0.2 during the last trading session, reaching $64.64. About 2.58 million shares traded. Abbott Laboratories (NYSE:ABT) has risen 41.91% since August 10, 2017 and is uptrending. It has outperformed by 29.34% the S&P500. Some Historical ABT News: 30/05/2018 – HoustonChronicle: Sources: Abbott wants more armed guards, mental health services to prevent school shootings; 23/05/2018 – ABBOTT REPORTS POSITIVE OUTCOMES OF TENDYNE DEVICE STUDY; 19/03/2018 – Abbott’s MitraClip Therapy Receives National Reimbursement in Japan to Treat Patients with Mitral Regurgitation; 11/03/2018 – ABBOTT SAYS HEARTMATE 3 STUDY MET PRIMARY ENDPOINT AT TWO YEARS; 18/05/2018 – ABBOTT SAYS UNCLEAR IF FATHER KNEW SON HAD TAKEN THE TWO WEAPONS; 18/05/2018 – ABBOTT: WARRANTS TO SEARCH 2 RESIDENCES RELATING TO SUSPECT; 18/04/2018 – Abbott Labs’ quarterly revenue rises 16.7 percent; 18/04/2018 – Abbott Labs 1Q Adj EPS 59c; 18/05/2018 – ABBOTT: EXPLOSIVE DEVICES APPARENTLY WERE MADE BY THE SHOOTER; 18/04/2018 – ABBOTT 1Q ADJ EPS CONT OPS 59C, EST. 58C

Covey Capital Advisors Llc increased its stake in Fiserv Inc (FISV) by 100% based on its latest 2018Q1 regulatory filing with the SEC. Covey Capital Advisors Llc bought 6,000 shares as the company’s stock declined 1.25% with the market. The institutional investor held 12,000 shares of the technology company at the end of 2018Q1, valued at $856,000, up from 6,000 at the end of the previous reported quarter. Covey Capital Advisors Llc who had been investing in Fiserv Inc for a number of months, seems to be bullish on the $31.84 billion market cap company. The stock increased 1.37% or $1.06 during the last trading session, reaching $78.64. About 1.70 million shares traded or 6.83% up from the average. Fiserv, Inc. (NASDAQ:FISV) has risen 15.27% since August 10, 2017 and is uptrending. It has outperformed by 2.70% the S&P500.

Investors sentiment decreased to 0.83 in Q1 2018. Its down 0.08, from 0.91 in 2017Q4. It dived, as 44 investors sold ABT shares while 606 reduced holdings. 126 funds opened positions while 411 raised stakes. 1.22 billion shares or 0.54% more from 1.22 billion shares in 2017Q4 were reported. National Pension reported 0.42% in Abbott Laboratories (NYSE:ABT). Ubs Asset Management Americas owns 8.09 million shares for 0% of their portfolio. First Long Island Investors Limited Liability Company reported 3.07% of its portfolio in Abbott Laboratories (NYSE:ABT). Columbia Prtnrs L L C Management invested in 107,920 shares. Eagle Ridge Investment, a Connecticut-based fund reported 181,389 shares. Stock Yards Comml Bank Trust Co has invested 1.55% in Abbott Laboratories (NYSE:ABT). Fund Sa has invested 0.09% of its portfolio in Abbott Laboratories (NYSE:ABT). Fincl Bank Of Stockton invested 0.58% of its portfolio in Abbott Laboratories (NYSE:ABT). 242,462 were reported by Mason Street Advsrs Ltd Liability Company. Wellington Shields & Communication Lc holds 23,020 shares. 38,277 were accumulated by Meiji Yasuda Life Com. Fukoku Mutual Life Insur Co has 0.1% invested in Abbott Laboratories (NYSE:ABT). Whittier Trust has invested 0.7% in Abbott Laboratories (NYSE:ABT). Convergence Inv Ptnrs owns 3,248 shares. Covington Investment Inc accumulated 42,136 shares.

Analysts await Abbott Laboratories (NYSE:ABT) to report earnings on October, 17. They expect $0.74 EPS, up 12.12% or $0.08 from last year’s $0.66 per share. ABT’s profit will be $1.30B for 21.84 P/E if the $0.74 EPS becomes a reality. After $0.73 actual EPS reported by Abbott Laboratories for the previous quarter, Wall Street now forecasts 1.37% EPS growth.

Since February 16, 2018, it had 1 buy, and 21 insider sales for $8.90 million activity. The insider Watkin Jared sold $183,579. 259 shares valued at $16,369 were sold by Bracken Sharon J on Monday, July 23. $518,450 worth of Abbott Laboratories (NYSE:ABT) shares were sold by BIRD ROGER. Contreras Jaime had sold 849 shares worth $50,397. $4.22M worth of Abbott Laboratories (NYSE:ABT) shares were sold by CAPEK JOHN M. 15,100 shares were sold by Blaser Brian J, worth $965,789.

Another recent and important Abbott Laboratories (NYSE:ABT) news was published by Seekingalpha.com which published an article titled: “If AbbVie Is A Buy, What About Abbott?” on July 20, 2018.

Among 26 analysts covering Abbott Laboratories (NYSE:ABT), 19 have Buy rating, 0 Sell and 7 Hold. Therefore 73% are positive. Abbott Laboratories had 109 analyst reports since July 24, 2015 according to SRatingsIntel. The company was maintained on Friday, July 21 by Gabelli. Wells Fargo maintained the stock with “Buy” rating in Thursday, September 28 report. As per Tuesday, August 15, the company rating was maintained by Cowen & Co. The firm has “Buy” rating by Jefferies given on Thursday, July 14. On Thursday, June 29 the stock rating was reinitiated by Jefferies with “Buy”. Jefferies maintained Abbott Laboratories (NYSE:ABT) on Wednesday, January 24 with “Buy” rating. The company was maintained on Wednesday, April 19 by Stifel Nicolaus. The rating was maintained by Barclays Capital with “Overweight” on Thursday, January 25. The stock of Abbott Laboratories (NYSE:ABT) earned “Buy” rating by RBC Capital Markets on Thursday, October 19. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, March 1 report.

Among 25 analysts covering Fiserv (NASDAQ:FISV), 10 have Buy rating, 1 Sell and 14 Hold. Therefore 40% are positive. Fiserv had 63 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Fiserv, Inc. (NASDAQ:FISV) has “Hold” rating given on Thursday, April 5 by Stephens. The stock of Fiserv, Inc. (NASDAQ:FISV) has “Buy” rating given on Monday, May 9 by Argus Research. The stock has “Market Perform” rating by BMO Capital Markets on Friday, January 6. The stock of Fiserv, Inc. (NASDAQ:FISV) has “Market Perform” rating given on Wednesday, September 30 by Cowen & Co. The stock of Fiserv, Inc. (NASDAQ:FISV) has “Outperform” rating given on Friday, September 9 by Wedbush. The rating was maintained by RBC Capital Markets with “Hold” on Wednesday, February 7. The rating was maintained by Credit Suisse on Wednesday, August 2 with “Neutral”. As per Thursday, August 2, the company rating was maintained by Citigroup. On Monday, January 9 the stock rating was maintained by Monness Crespi with “Buy”. Sterne Agee CRT initiated Fiserv, Inc. (NASDAQ:FISV) on Thursday, December 17 with “Buy” rating.

Since February 16, 2018, it had 1 insider purchase, and 7 selling transactions for $19.83 million activity. ROBAK KIM M had sold 10,388 shares worth $757,493 on Wednesday, May 30. DiSimone Harry bought $49,981 worth of stock. $1.73 million worth of stock was sold by OLEARY DENIS on Friday, February 16.

Investors sentiment increased to 10.53 in 2018 Q1. Its up 9.72, from 0.81 in 2017Q4. It improved, as 39 investors sold FISV shares while 21 reduced holdings. 70 funds opened positions while 562 raised stakes. 700.79 million shares or 293.94% more from 177.89 million shares in 2017Q4 were reported. Winslow Capital Mgmt Lc owns 1.39% invested in Fiserv, Inc. (NASDAQ:FISV) for 3.62 million shares. Alabama-based Retirement Of Alabama has invested 0.07% in Fiserv, Inc. (NASDAQ:FISV). Df Dent Com Incorporated has 121,342 shares. Tower Capital Ltd Com (Trc) holds 0% of its portfolio in Fiserv, Inc. (NASDAQ:FISV) for 69 shares. Hightower Limited Com stated it has 0.01% of its portfolio in Fiserv, Inc. (NASDAQ:FISV). Crow Point Partners Limited Liability Corp holds 278 shares. Whittier Trust Of Nevada reported 0.01% stake. Advisory Serv Network Limited Liability Corp invested 0.09% in Fiserv, Inc. (NASDAQ:FISV). Boston Private Wealth Limited Liability Com owns 7,928 shares for 0.02% of their portfolio. Redmond Asset Mgmt Limited Liability Company stated it has 1.22% of its portfolio in Fiserv, Inc. (NASDAQ:FISV). 2.94 million are owned by Loring Wolcott And Coolidge Fiduciary Advsr Limited Liability Partnership Ma. Farmers Merchants Invests Inc has invested 0.52% in Fiserv, Inc. (NASDAQ:FISV). Amer Century Cos has invested 0.09% of its portfolio in Fiserv, Inc. (NASDAQ:FISV). M Holdings invested in 3,814 shares or 0.08% of the stock. Meiji Yasuda Life has invested 0.33% in Fiserv, Inc. (NASDAQ:FISV).

More recent Fiserv, Inc. (NASDAQ:FISV) news were published by: Seekingalpha.com which released: “Fiserv: An Undervalued Fintech Investment” on August 09, 2018. Also Seekingalpha.com published the news titled: “Fiserv (FISV) Q2 2018 Results – Earnings Call Transcript” on August 01, 2018. Seekingalpha.com‘s news article titled: “Fiserv, Inc. 2018 Q2 – Results – Earnings Call Slides” with publication date: July 31, 2018 was also an interesting one.

Covey Capital Advisors Llc, which manages about $395.73 million and $72.83 million US Long portfolio, decreased its stake in Spectrum Brands Holdings Inc (NYSE:SPB) by 13,570 shares to 6,180 shares, valued at $641,000 in 2018Q1, according to the filing.

Fiserv, Inc. (NASDAQ:FISV) Institutional Positions Chart

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