Parnassus Investments Boosted By $11.54 Million Its Starbucks Corp. (SBUX) Position; Pdt Partners Has Cut Laboratory Amer Hldgs (LH) Stake By $2.43 Million

June 20, 2018 - By Clifton Ray

Laboratory Corporation of America Holdings (NYSE:LH) Logo

Parnassus Investments increased Starbucks Corp. (SBUX) stake by 2.17% reported in 2018Q1 SEC filing. Parnassus Investments acquired 202,374 shares as Starbucks Corp. (SBUX)’s stock rose 1.31%. The Parnassus Investments holds 9.51 million shares with $550.47 million value, up from 9.31 million last quarter. Starbucks Corp. now has $71.53 billion valuation. The stock decreased 9.74% or $5.595 during the last trading session, reaching $51.835. About 43.28 million shares traded or 431.76% up from the average. Starbucks Corporation (NASDAQ:SBUX) has declined 7.92% since June 20, 2017 and is downtrending. It has underperformed by 20.49% the S&P500. Some Historical SBUX News: ; 07/05/2018 – NESTLE ENTERS PACT FOR GLOBAL LICENSE OF STARBUCKS PRODUCTS; 19/04/2018 – ABC7 News: .@ABC News Exclusive: Men arrested at Philly #Starbucks say they did nothing wrong, feared for their live; 26/04/2018 – STARBUCKS CORP – DURING QUARTER, COMPANY ALSO CLOSED 298 TEAVANA STORES; 21/03/2018 – Starbucks ceo Kevin Johnson Unveils Innovation Strategy to Propel the Company’s Next Decade of Growth at Starbucks 2018 Annual Meeting of Shareholders; 21/03/2018 – Starbucks Plans to Return $15 Billion to Holders Through Next 3 Years; 02/05/2018 – DealReportr[Reg]: Starbucks may need caffeine boost from activist; 17/04/2018 – Starbucks: CEO Kevin Johnson and Men Involved in Incident at the Philadelphia Starbucks Discussing Issue; 02/04/2018 – Starbucks CEO: Companies need to step in to help feed families hurt by budget cuts; 21/03/2018 – STARBUCKS SAYS LABOR COSTS ARE GOING UP; 29/05/2018 – ♫ Reuters Insider – Starbucks closing stores for anti-bias training

Pdt Partners Llc decreased Laboratory Corp Amer Hldgs (LH) stake by 16.61% reported in 2018Q1 SEC filing. Pdt Partners Llc sold 15,116 shares as Laboratory Corp Amer Hldgs (LH)’s stock rose 4.18%. The Pdt Partners Llc holds 75,884 shares with $12.27 million value, down from 91,000 last quarter. Laboratory Corp Amer Hldgs now has $19.14B valuation. The stock decreased 0.10% or $0.19 during the last trading session, reaching $187.12. About 431,440 shares traded. Laboratory Corporation of America Holdings (NYSE:LH) has risen 28.45% since June 20, 2017 and is uptrending. It has outperformed by 15.88% the S&P500. Some Historical LH News: ; 25/04/2018 – Laboratory Corporation Bd Authorized an Increase in Total Shr Repurchase Program to Total of $1.0 B; 25/04/2018 – LABCORP 1Q ADJ. OPER MARGIN +15.3%; 25/04/2018 – Laboratory Corporation Sees 2018 Adj EPS $11.30-Adj EPS $11.70; 26/04/2018 – Airware Labs Announces Name Change to Item 9 Labs Corp. and New Ticker Symbol “INLB”; 21/04/2018 – DJ Nano Labs Corp, Inst Holders, 1Q 2018 (CTLE); 25/05/2018 – LabCorp: Will Be A Preferred National Laboratory for Substantially All of Aetna’s Members Beginning 2019; 25/04/2018 – LABCORP SEES FY ADJ EPS $11.30 TO $11.70, EST. $11.54; 24/05/2018 – LABCORP – CO, UNITEDHEALTHCARE HAVE RENEWED THEIR LONG-TERM STRATEGIC PARTNERSHIP; 20/03/2018 – INTERPACE DIAGNOSTICS – AGREEMENT WITH LABCORP TO FURTHER EXPAND CO’S NETWORK OF CYTOLOGY PROVIDERS IN SUPPORT OF ITS THYROID MOLECULAR BUSINESS UNIT; 09/03/2018 – Covance Forms Immunology & Immunotoxicology Unit Focused on Biologic Drug Development

Parnassus Investments decreased Patterson Companies Inc. (NASDAQ:PDCO) stake by 5.19M shares to 2.43M valued at $53.98 million in 2018Q1. It also reduced Perrigo Co. Plc (NYSE:PRGO) stake by 7,000 shares and now owns 2.20 million shares. Mccormick & Co. (NYSE:MKC) was reduced too.

More notable recent Starbucks Corporation (NASDAQ:SBUX) news were published by: Thestreet.com which released: “3 Ways to Fix Starbucks Biggest Challenges” on June 20, 2018, also Benzinga.com with their article: “Should Investors Buy The Dip In Starbucks? These Street Analysts Are Saying No” published on June 20, 2018, Streetinsider.com published: “Pre-Open Movers 06/20: (CLBS) (CLPS) (WGO) Higher; (LZB) (ORCL) (SBUX) Lower (more…)” on June 20, 2018. More interesting news about Starbucks Corporation (NASDAQ:SBUX) were released by: Nasdaq.com and their article: “Starbucks Without Howard Schultz Is Still a Buy” published on June 19, 2018 as well as Seekingalpha.com‘s news article titled: “Starbucks launches new prepaid Visa product” with publication date: June 11, 2018.

Among 37 analysts covering Starbucks Corporation (NASDAQ:SBUX), 23 have Buy rating, 0 Sell and 14 Hold. Therefore 62% are positive. Starbucks Corporation had 108 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Wedbush with “Outperform” on Friday, July 22. The company was maintained on Tuesday, June 13 by BMO Capital Markets. The stock of Starbucks Corporation (NASDAQ:SBUX) earned “Outperform” rating by RBC Capital Markets on Wednesday, October 19. The rating was downgraded by Wedbush on Thursday, March 29 to “Neutral”. As per Monday, November 21, the company rating was initiated by Buckingham Research. The firm has “Buy” rating by J.P. Morgan given on Monday, March 12. The stock of Starbucks Corporation (NASDAQ:SBUX) earned “Buy” rating by UBS on Friday, March 9. Bernstein maintained Starbucks Corporation (NASDAQ:SBUX) on Friday, June 16 with “Buy” rating. Vetr downgraded the stock to “Strong-Buy” rating in Friday, August 28 report. The firm earned “Hold” rating on Thursday, September 3 by Zacks.

Investors sentiment decreased to 0.93 in Q1 2018. Its down 0.12, from 1.05 in 2017Q4. It dropped, as 61 investors sold SBUX shares while 485 reduced holdings. 118 funds opened positions while 391 raised stakes. 955.12 million shares or 2.87% less from 983.38 million shares in 2017Q4 were reported. Haverford Service Inc invested 1.31% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Earnest Ptnrs Lc, Georgia-based fund reported 694 shares. Moreover, Fragasso Gru has 0.4% invested in Starbucks Corporation (NASDAQ:SBUX) for 28,121 shares. Meiji Yasuda Asset Communications Limited accumulated 94,277 shares. Services Automobile Association invested in 0.15% or 936,293 shares. Bender Robert And Associate holds 67,258 shares. 370 were reported by Estabrook Capital Mgmt. Gruss & owns 10,000 shares or 0.59% of their US portfolio. Wagner Bowman Corporation reported 26,046 shares or 0.41% of all its holdings. Covington Investment Advsr owns 57,164 shares. Tower Rech Ltd Liability Corp (Trc) has invested 0.08% in Starbucks Corporation (NASDAQ:SBUX). 87,770 are owned by Brown Advisory Securities Lc. Montag A And Assocs has invested 0.13% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Meiji Yasuda Life Insurance Communication accumulated 45,558 shares. Baldwin Brothers Inc Ma invested 1.33% in Starbucks Corporation (NASDAQ:SBUX).

Since January 31, 2018, it had 0 insider buys, and 3 selling transactions for $13.62 million activity. Another trade for 59,838 shares valued at $3.60 million was made by WEATHERUP CRAIG on Tuesday, March 13. Shares for $9.28 million were sold by BURROWS CLIFFORD on Wednesday, January 31. On Monday, March 12 ULLMAN MYRON E III sold $740,851 worth of Starbucks Corporation (NASDAQ:SBUX) or 12,500 shares.

Pdt Partners Llc increased Biohaven Pharmactl Hldg Co L stake by 13,117 shares to 108,939 valued at $2.81 million in 2018Q1. It also upped Ollies Bargain Outlt Hldgs I stake by 15,159 shares and now owns 180,200 shares. Saia Inc (NASDAQ:SAIA) was raised too.

Analysts await Laboratory Corporation of America Holdings (NYSE:LH) to report earnings on July, 25. They expect $2.91 EPS, up 17.81% or $0.44 from last year’s $2.47 per share. LH’s profit will be $297.69 million for 16.08 P/E if the $2.91 EPS becomes a reality. After $2.78 actual EPS reported by Laboratory Corporation of America Holdings for the previous quarter, Wall Street now forecasts 4.68% EPS growth.

Since February 7, 2018, it had 0 insider buys, and 12 selling transactions for $34.00 million activity. $293,823 worth of stock was sold by Gary M. Huff on Wednesday, May 30. Uthgenannt Lisa J sold $819,451 worth of stock or 4,500 shares. The insider ANDERSON KERRII B sold 3,300 shares worth $548,124. 5,500 shares were sold by BERBERIAN LANCE, worth $1.00M. Another trade for 49,967 shares valued at $8.23 million was made by KING DAVID P on Friday, March 23. 1,263 shares were sold by Gilliland Dwight Gary, worth $228,967 on Thursday, May 31. $1.41M worth of Laboratory Corporation of America Holdings (NYSE:LH) was sold by EISENBERG GLENN A on Monday, February 12.

Investors sentiment decreased to 1.08 in 2018 Q1. Its down 0.12, from 1.2 in 2017Q4. It turned negative, as 26 investors sold LH shares while 233 reduced holdings. 74 funds opened positions while 206 raised stakes. 91.81 million shares or 0.38% more from 91.47 million shares in 2017Q4 were reported. Acadian Asset Mgmt Ltd Company holds 198,803 shares. Stone Ridge Asset Mngmt Ltd Liability Corp holds 0.25% or 26,159 shares in its portfolio. Rbo And Llc owns 2.52% invested in Laboratory Corporation of America Holdings (NYSE:LH) for 61,445 shares. Cullen Frost Bankers Incorporated has 0.1% invested in Laboratory Corporation of America Holdings (NYSE:LH). Ameriprise Fincl Inc stated it has 83,876 shares. Avalon Advsrs Llc holds 17,134 shares or 0.08% of its portfolio. Boothbay Fund Mngmt Limited Liability Corporation accumulated 2,727 shares. Evermay Wealth Mngmt Ltd Liability Corp stated it has 0.25% in Laboratory Corporation of America Holdings (NYSE:LH). First Citizens Bancshares holds 0.11% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH) for 5,046 shares. Ami Asset Mgmt Corporation stated it has 242,445 shares. Hussman Strategic Advisors reported 0.69% stake. Ariel Invests Ltd Liability Co accumulated 1.19 million shares or 2.19% of the stock. Hillsdale Investment Inc accumulated 50 shares. Franklin Resources has invested 0.04% in Laboratory Corporation of America Holdings (NYSE:LH). 23,358 are owned by Raymond James Financial.

Among 20 analysts covering Laboratory Corp (NYSE:LH), 15 have Buy rating, 0 Sell and 5 Hold. Therefore 75% are positive. Laboratory Corp had 67 analyst reports since July 29, 2015 according to SRatingsIntel. As per Tuesday, September 12, the company rating was maintained by Jefferies. The firm earned “Buy” rating on Tuesday, April 26 by Canaccord Genuity. SunTrust maintained Laboratory Corporation of America Holdings (NYSE:LH) on Wednesday, February 28 with “Buy” rating. The firm earned “Buy” rating on Thursday, July 27 by Craig Hallum. The stock of Laboratory Corporation of America Holdings (NYSE:LH) has “Hold” rating given on Thursday, February 8 by Robert W. Baird. The rating was maintained by Jefferies on Friday, June 9 with “Hold”. Jefferies maintained the stock with “Hold” rating in Thursday, October 19 report. The stock has “Buy” rating by Canaccord Genuity on Tuesday, June 27. The rating was maintained by Jefferies on Tuesday, April 26 with “Hold”. The company was downgraded on Wednesday, July 12 by Credit Suisse.

Another recent and important Laboratory Corporation of America Holdings (NYSE:LH) news was published by Businesswire.com which published an article titled: “LabCorp Expands Drug Development Solutions with Acquisition of Sciformix” on June 11, 2018.

Starbucks Corporation (NASDAQ:SBUX) Institutional Positions Chart

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