Icm Asset Management Has Cut Its Macy’s (M) Holding as Stock Declined; As Amazon.Com (AMZN) Stock Value Rose, Holder Mar Vista Investment Partners Decreased Holding

February 22, 2018 - By Louis Casey

Mar Vista Investment Partners Llc decreased its stake in Amazon.Com Inc (AMZN) by 1.08% based on its latest 2017Q3 regulatory filing with the SEC. Mar Vista Investment Partners Llc sold 554 shares as the company’s stock rose 13.58% with the market. The institutional investor held 50,603 shares of the consumer services company at the end of 2017Q3, valued at $48.65 million, down from 51,157 at the end of the previous reported quarter. Mar Vista Investment Partners Llc who had been investing in Amazon.Com Inc for a number of months, seems to be less bullish one the $719.06 billion market cap company. The stock increased 0.16% or $2.42 during the last trading session, reaching $1485.34. About 4.59 million shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since February 22, 2017 and is uptrending. It has outperformed by 20.71% the S&P500.

Icm Asset Management Inc decreased its stake in Macy’s Inc. (M) by 31.23% based on its latest 2017Q3 regulatory filing with the SEC. Icm Asset Management Inc sold 19,240 shares as the company’s stock declined 28.76% while stock markets rallied. The institutional investor held 42,360 shares of the department and specialty retail stores company at the end of 2017Q3, valued at $924,000, down from 61,600 at the end of the previous reported quarter. Icm Asset Management Inc who had been investing in Macy’s Inc. for a number of months, seems to be less bullish one the $7.97 billion market cap company. The stock increased 2.31% or $0.59 during the last trading session, reaching $26.18. About 6.72M shares traded. Macy's, Inc. (NYSE:M) has declined 25.46% since February 22, 2017 and is downtrending. It has underperformed by 42.16% the S&P500.

Mar Vista Investment Partners Llc, which manages about $1.80 billion and $2.41 billion US Long portfolio, upped its stake in Procter & Gamble Co/The (NYSE:PG) by 5,045 shares to 9,215 shares, valued at $838,000 in 2017Q3, according to the filing. It also increased its holding in Intuit Inc (NASDAQ:INTU) by 11,497 shares in the quarter, for a total of 663,547 shares, and has risen its stake in Starbucks Corp (NASDAQ:SBUX).

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on April, 26. They expect $1.19 EPS, down 19.59% or $0.29 from last year’s $1.48 per share. AMZN’s profit will be $576.09 million for 312.05 P/E if the $1.19 EPS becomes a reality. After $2.16 actual EPS reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -44.91% negative EPS growth.

Since December 7, 2017, it had 0 insider buys, and 8 sales for $38.37 million activity. WILKE JEFFREY A sold $3.25M worth of stock or 2,800 shares. Reynolds Shelley sold 544 shares worth $795,502. 2,333 shares valued at $3.42 million were sold by Olsavsky Brian T on Thursday, February 15. $2.90M worth of Amazon.com, Inc. (NASDAQ:AMZN) shares were sold by Jassy Andrew R. $3.35 million worth of Amazon.com, Inc. (NASDAQ:AMZN) was sold by ALBERG TOM A on Thursday, February 15. $3.24M worth of Amazon.com, Inc. (NASDAQ:AMZN) shares were sold by Zapolsky David.

Among 53 analysts covering Amazon.com (NASDAQ:AMZN), 50 have Buy rating, 0 Sell and 3 Hold. Therefore 94% are positive. Amazon.com had 274 analyst reports since July 21, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained the stock with “Hold” rating in Monday, August 28 report. As per Friday, August 21, the company rating was upgraded by Vetr. The rating was maintained by Oppenheimer with “Buy” on Tuesday, September 1. Credit Suisse maintained the shares of AMZN in report on Monday, January 8 with “Buy” rating. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Overweight” rating by Morgan Stanley on Wednesday, November 11. As per Friday, October 27, the company rating was upgraded by Raymond James. The firm earned “Buy” rating on Friday, July 28 by J.P. Morgan. Cowen & Co maintained the shares of AMZN in report on Friday, August 28 with “Outperform” rating. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Outperform” rating given on Friday, February 3 by RBC Capital Markets. The firm earned “Outperform” rating on Friday, June 10 by William Blair.

Investors sentiment decreased to 1.26 in 2017 Q3. Its down 0.10, from 1.36 in 2017Q2. It is negative, as 73 investors sold AMZN shares while 549 reduced holdings. 127 funds opened positions while 657 raised stakes. 279.77 million shares or 1.91% less from 285.20 million shares in 2017Q2 were reported. Athena Capital Advsr Ltd Liability Com has invested 0.07% in Amazon.com, Inc. (NASDAQ:AMZN). Valley Natl Advisers holds 1,162 shares. Cipher Limited Partnership holds 0.22% in Amazon.com, Inc. (NASDAQ:AMZN) or 3,099 shares. Riverpoint Management Lc owns 1,467 shares for 0.09% of their portfolio. Annex Advisory Services Lc invested 0.07% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Baldwin Investment Management Ltd Liability Corp owns 2,345 shares for 0.85% of their portfolio. Mawer Mngmt Limited holds 0.22% or 26,750 shares in its portfolio. State Of Tennessee Treasury Department holds 1.24% in Amazon.com, Inc. (NASDAQ:AMZN) or 254,388 shares. Stockbridge Prtnrs Ltd Liability Company owns 6.2% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 128,001 shares. 1,801 were accumulated by Warren Averett Asset Management Ltd. Fukoku Mutual Life Insurance accumulated 0.24% or 1,715 shares. Dowling And Yahnke Llc holds 1.33% in Amazon.com, Inc. (NASDAQ:AMZN) or 13,612 shares. Marathon Asset Management Ltd Liability Partnership invested in 48,905 shares or 0.78% of the stock. Benchmark Cap Advsr accumulated 322 shares. Clearbridge Lc reported 186 shares.

Analysts await Macy's, Inc. (NYSE:M) to report earnings on February, 27 before the open. They expect $2.66 EPS, up 31.68% or $0.64 from last year’s $2.02 per share. M’s profit will be $810.19 million for 2.46 P/E if the $2.66 EPS becomes a reality. After $0.23 actual EPS reported by Macy's, Inc. for the previous quarter, Wall Street now forecasts 1,056.52% EPS growth.

Among 31 analysts covering Macy’s Inc. (NYSE:M), 7 have Buy rating, 2 Sell and 22 Hold. Therefore 23% are positive. Macy’s Inc. had 101 analyst reports since July 24, 2015 according to SRatingsIntel. As per Tuesday, August 25, the company rating was upgraded by Deutsche Bank. The rating was maintained by BMO Capital Markets on Monday, November 13 with “Outperform”. The stock of Macy's, Inc. (NYSE:M) has “Buy” rating given on Thursday, November 12 by Stifel Nicolaus. The firm has “Neutral” rating by Sterne Agee CRT given on Thursday, August 20. The rating was maintained by FBR Capital on Wednesday, January 20 with “Mkt Perform”. The rating was downgraded by OTR Global on Wednesday, November 4 to “Negative”. Jefferies maintained it with “Hold” rating and $21.0 target in Monday, September 11 report. The firm earned “Neutral” rating on Monday, January 11 by Goldman Sachs. On Friday, November 10 the stock rating was maintained by BMO Capital Markets with “Buy”. Morgan Stanley maintained the shares of M in report on Monday, November 13 with “Equal-Weight” rating.

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