Destination Wealth Management Lowered By $843,876 Its Pg&E (PCG) Position; Alyeska Investment Group LP Has Upped Lear (LEA) Stake

April 21, 2018 - By Clifton Ray

Lear Corporation (NYSE:LEA) Logo

Destination Wealth Management decreased Pg&E Corp (PCG) stake by 8.47% reported in 2017Q4 SEC filing. Destination Wealth Management sold 19,179 shares as Pg&E Corp (PCG)’s stock declined 1.41%. The Destination Wealth Management holds 207,347 shares with $9.30 million value, down from 226,526 last quarter. Pg&E Corp now has $23.59 billion valuation. The stock decreased 1.66% or $0.77 during the last trading session, reaching $45.73. About 5.17M shares traded. PG&E Corporation (NYSE:PCG) has declined 34.60% since April 21, 2017 and is downtrending. It has underperformed by 46.15% the S&P500.

Alyeska Investment Group Lp increased Lear Corp (LEA) stake by 28.14% reported in 2017Q4 SEC filing. Alyeska Investment Group Lp acquired 33,765 shares as Lear Corp (LEA)’s stock rose 4.15%. The Alyeska Investment Group Lp holds 153,765 shares with $27.16M value, up from 120,000 last quarter. Lear Corp now has $12.69 billion valuation. The stock decreased 0.68% or $1.31 during the last trading session, reaching $191.4. About 421,622 shares traded. Lear Corporation (NYSE:LEA) has risen 33.95% since April 21, 2017 and is uptrending. It has outperformed by 22.40% the S&P500.

Investors sentiment decreased to 0.93 in Q4 2017. Its down 0.24, from 1.17 in 2017Q3. It dived, as 97 investors sold PCG shares while 174 reduced holdings. 109 funds opened positions while 142 raised stakes. 400.70 million shares or 2.67% less from 411.71 million shares in 2017Q3 were reported. Financial Management Professionals Inc owns 4,009 shares. Fincl Bank Of Montreal Can invested in 784,172 shares. Whittier Tru owns 0.01% invested in PG&E Corporation (NYSE:PCG) for 9,140 shares. Tudor Inv Et Al stated it has 48,922 shares or 0.06% of all its holdings. Levin Cap Strategies Lp holds 1.56% or 2.05 million shares. Nuwave Inv Mgmt Ltd Limited Liability Company holds 0.03% or 597 shares. Moreover, Oregon Public Employees Retirement Fund has 0.06% invested in PG&E Corporation (NYSE:PCG). New Jersey Better Educational Savings invested 0.36% in PG&E Corporation (NYSE:PCG). Profund Advsr Ltd Liability Co stated it has 0.08% of its portfolio in PG&E Corporation (NYSE:PCG). Sessa Im LP holds 2.14% of its portfolio in PG&E Corporation (NYSE:PCG) for 400,000 shares. Moreover, Cap Interest Ca has 0.03% invested in PG&E Corporation (NYSE:PCG). Legal And General Gp Public Ltd Limited Liability Company holds 0.15% or 4.67 million shares. Rampart Invest Mgmt Ltd stated it has 6,253 shares or 0.11% of all its holdings. Prelude Mngmt Ltd Company owns 5,413 shares or 0.02% of their US portfolio. Ing Groep Nv holds 47,877 shares.

Among 16 analysts covering PG&E Corporation (NYSE:PCG), 6 have Buy rating, 1 Sell and 9 Hold. Therefore 38% are positive. PG&E Corporation had 51 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “In-Line” rating given on Tuesday, September 26 by Evercore. The firm has “Hold” rating by BMO Capital Markets given on Thursday, July 13. The rating was maintained by Citigroup on Monday, January 22 with “Hold”. The stock of PG&E Corporation (NYSE:PCG) has “Overweight” rating given on Monday, April 16 by Morgan Stanley. The stock of PG&E Corporation (NYSE:PCG) has “Buy” rating given on Tuesday, May 24 by Mizuho. The firm has “Overweight” rating given on Tuesday, January 26 by Morgan Stanley. The firm has “Hold” rating by Mizuho given on Thursday, April 5. The stock of PG&E Corporation (NYSE:PCG) has “Outperform” rating given on Friday, July 15 by RBC Capital Markets. Goldman Sachs downgraded PG&E Corporation (NYSE:PCG) on Monday, October 16 to “Buy” rating. The rating was initiated by Citigroup with “Neutral” on Tuesday, November 17.

Destination Wealth Management increased Ishares Tr (HDV) stake by 7,828 shares to 185,588 valued at $16.73 million in 2017Q4. It also upped Ishares Tr (AGG) stake by 29,393 shares and now owns 1.16M shares. Fortive Corp was raised too.

Analysts await PG&E Corporation (NYSE:PCG) to report earnings on May, 3 before the open. They expect $1.09 EPS, up 2.83% or $0.03 from last year’s $1.06 per share. PCG’s profit will be $562.33 million for 10.49 P/E if the $1.09 EPS becomes a reality. After $0.63 actual EPS reported by PG&E Corporation for the previous quarter, Wall Street now forecasts 73.02% EPS growth.

Since February 16, 2018, it had 0 insider purchases, and 10 sales for $46.04 million activity. Another trade for 17,006 shares valued at $3.28M was sold by STEPHENS MEL. The insider BURGESS SHARI L sold 5,373 shares worth $1.02M. $190,671 worth of Lear Corporation (NYSE:LEA) was sold by RUNKLE DONALD L on Friday, February 16. On Friday, February 16 Larkin Terrence B sold $4.33 million worth of Lear Corporation (NYSE:LEA) or 22,756 shares. On Friday, February 16 the insider DiDonato Thomas A sold $4.07 million. The insider Simoncini Matthew sold 100,000 shares worth $19.01 million. On Friday, February 16 SCOTT RAYMOND E sold $4.86M worth of Lear Corporation (NYSE:LEA) or 25,545 shares.

Investors sentiment increased to 0.96 in Q4 2017. Its up 0.04, from 0.92 in 2017Q3. It increased, as 26 investors sold LEA shares while 172 reduced holdings. 50 funds opened positions while 141 raised stakes. 58.04 million shares or 3.12% less from 59.92 million shares in 2017Q3 were reported. Bank Of Montreal Can reported 1.67M shares. Origin Asset Mgmt Ltd Liability Partnership holds 261,417 shares or 2.64% of its portfolio. 11,335 are held by Convergence Prtn Limited. Koch Indust reported 4,745 shares or 0.12% of all its holdings. Maverick Capital Ltd reported 43,950 shares. Seminole Mgmt has 4.48% invested in Lear Corporation (NYSE:LEA). Principal owns 0.04% invested in Lear Corporation (NYSE:LEA) for 224,156 shares. First Mercantile holds 0.15% of its portfolio in Lear Corporation (NYSE:LEA) for 4,336 shares. Jane Street Limited Com holds 3,424 shares. Ifrah Ser holds 0.39% in Lear Corporation (NYSE:LEA) or 6,134 shares. Jpmorgan Chase & stated it has 0.01% in Lear Corporation (NYSE:LEA). Ajo Lp owns 1.31M shares for 1% of their portfolio. Amalgamated Fincl Bank has invested 0.06% in Lear Corporation (NYSE:LEA). Los Angeles Capital Management And Equity Research Inc reported 0.11% of its portfolio in Lear Corporation (NYSE:LEA). The Florida-based Raymond James Fincl Services Advsrs has invested 0.02% in Lear Corporation (NYSE:LEA).

Alyeska Investment Group Lp decreased Merck & Co Inc (NYSE:MRK) stake by 103,574 shares to 1.75M valued at $98.53 million in 2017Q4. It also reduced Therapeuticsmd Inc (NYSEMKT:TXMD) stake by 300,587 shares and now owns 231,023 shares. Tesaro Inc (NASDAQ:TSRO) was reduced too.

Lear Corporation (NYSE:LEA) Institutional Positions Chart

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