Archive for January, 2016

Facebook Inc (FB) Receives "Buy" Rating from Bank of America

Facebook Inc (NASDAQ:FB)‘s stock had its “buy” rating restated by Bank of America in a research note issued to investors on Sunday, AnalystRatings.NET reports. They presently have a $140.00 price objective on the social networking company’s stock, up from their previous price objective of $130.00. Bank of America’s price target suggests a potential upside of 24.77% from the stock’s previous close.

A number of hedge funds recently bought and sold shares of FB. Beacon Capital Management raised its stake in Facebook by 2.0% in the fourth quarter. Beacon Capital Management now owns 102 shares of the social networking company’s stock worth $11,000 after buying an additional 2 shares in the last quarter. Integrated Wealth Management raised its stake in Facebook by 0.3% in the fourth quarter. Integrated Wealth Management now owns 11,462 shares of the social networking company’s stock worth $1,200,000 after buying an additional 35 shares in the last quarter. Prentiss Smith Co. Inc. raised its stake in Facebook by 0.5% in the fourth quarter. Prentiss Smith Co. Inc. now owns 7,038 shares of the social networking company’s stock worth $737,000 after buying an additional 38 shares in the last quarter. Campbell Newman Asset Management raised its stake in Facebook by 0.5% in the fourth quarter. Campbell Newman Asset Management now owns 8,762 shares of the social networking company’s stock worth $917,000 after buying an additional 45 shares in the last quarter. Finally, Mathes Company Inc. raised its stake in Facebook by 0.8% in the fourth quarter. Mathes Company Inc. now owns 6,325 shares of the social networking company’s stock worth $662,000 after buying an additional 50 shares in the last quarter.

In related news, CAO Jas Athwal sold 3,901 shares of the business’s stock in a transaction that occurred on Monday, November 16th. The stock was sold at an average price of $102.00, for a total value of $397,902.00. Following the completion of the sale, the chief accounting officer now owns 114,908 shares in the company, valued at $11,720,616. The sale was disclosed in a document filed with the Securities Exchange Commission, which can be accessed through the SEC website. Also, VP Colin Stretch sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $103.35, for a total value of $103,350.00. Following the completion of the sale, the vice president now owns 77,924 shares of the company’s stock, valued at approximately $8,053,445.40. The disclosure for this sale can be found here.

Facebook (NASDAQ:FB) opened at 112.21 on Friday. The company has a 50 day moving average price of $101.61 and a 200-day moving average price of $98.05. The company has a market cap of $316.99 billion and a PE ratio of 86.98. Facebook has a 12 month low of $72.00 and a 12 month high of $112.84.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, January 27th. The social networking company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.11. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.36 billion. The company’s quarterly revenue was up 51.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.54 EPS. Equities analysts predict that Facebook will post $3.14 earnings per share for the current fiscal year.

Several other research firms have also recently weighed in on FB. Evercore ISI reissued a “buy” rating and issued a $140.00 price objective (up previously from $130.00) on shares of Facebook in a research report on Saturday. Macquarie reissued an “outperform” rating and issued a $150.00 price objective (up previously from $120.00) on shares of Facebook in a research report on Saturday. Raymond James reissued an “outperform” rating and issued a $125.00 price objective (up previously from $120.00) on shares of Facebook in a research report on Saturday. Oppenheimer reissued an “outperform” rating on shares of Facebook in a research report on Saturday. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Facebook in a research report on Saturday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and forty-eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $127.33.

Facebook, Inc. is a social networking company. The Company is engaged in developing products that enables users to connect and share through mobile devices and personal computers. It offers various services focused on people, marketers and developers. It offers various platforms for people to share their opinions, ideas, photos and videos, and to engage in other activities. Its products include Facebook, Instagram, Messenger and WhatsApp. The Facebook mobile app and Website enables people to connect, share, discover and communicate with each other on mobile devices and personal computers. Its Messenger is a mobile-to-mobile messaging application available on iOS and Android phones. Instagram is a mobile application and Website that enables people to take photos or videos, and share them with friends and followers. WhatsApp Messenger is a cross-platform mobile messaging application and allows people to exchange messages on iOS, Android, BlackBerry, Windows Phone and Nokia devices.

This story was originally published by EMQ (http://www.emqtv.com) and is the sole property of EMQ. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://www.emqtv.com/facebook-inc-fb-receives-buy-rating-from-bank-of-america/179285/

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Sunday, January 31st, 2016 EN No Comments

Appleton Partners Inc. MA Raises Stake in Microsoft Co. (MSFT)

Appleton Partners Inc. MA raised its position in Microsoft Co. (NASDAQ:MSFT) by 19.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 87,640 shares of the software giant’s stock after buying an additional 14,560 shares during the period. Appleton Partners Inc. MA’s holdings in Microsoft were worth $4,862,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MSFT. Taylor Wealth Management Partners increased its position in shares of Microsoft by 76.2% in the fourth quarter. Taylor Wealth Management Partners now owns 650 shares of the software giant’s stock valued at $36,000 after buying an additional 281 shares in the last quarter. Creative Planning increased its position in shares of Microsoft by 66.7% in the fourth quarter. Creative Planning now owns 2,500 shares of the software giant’s stock valued at $0 after buying an additional 1,000 shares in the last quarter. Simplex Trading increased its position in shares of Microsoft by 8.4% in the fourth quarter. Simplex Trading now owns 3,355 shares of the software giant’s stock valued at $407,000 after buying an additional 259 shares in the last quarter. Baystate Wealth Management purchased a new position in shares of Microsoft during the fourth quarter valued at $256,000. Finally, Exchange Capital Management increased its position in shares of Microsoft by 6.1% in the fourth quarter. Exchange Capital Management now owns 4,783 shares of the software giant’s stock valued at $265,000 after buying an additional 275 shares in the last quarter.

Shares of Microsoft Co. (NASDAQ:MSFT) opened at 55.09 on Friday. Microsoft Co. has a 52 week low of $39.72 and a 52 week high of $56.85. The stock’s 50 day moving average is $53.70 and its 200-day moving average is $49.50. The firm has a market cap of $436.59 billion and a PE ratio of 38.99.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, January 28th. The software giant reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.07. The company earned $25.70 billion during the quarter, compared to analysts’ expectations of $25.24 billion. During the same quarter in the previous year, the business posted $0.71 EPS. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, equities analysts predict that Microsoft Co. will post $2.76 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 10th. Stockholders of record on Thursday, February 18th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Tuesday, February 16th.

Several equities analysts have recently commented on MSFT shares. Goldman Sachs reissued a “neutral” rating and issued a $57.00 target price on shares of Microsoft in a report on Wednesday, December 30th. Vetr downgraded shares of Microsoft from a “buy” rating to a “hold” rating and set a $58.07 target price on the stock. in a report on Monday, December 7th. Sanford C. Bernstein reissued a “buy” rating and issued a $62.00 target price on shares of Microsoft in a report on Monday, December 7th. Nomura boosted their target price on shares of Microsoft from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, December 9th. Finally, Pacific Crest reissued a “buy” rating on shares of Microsoft in a report on Monday, December 28th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $56.76.

In other news, insider G Mason Morfit sold 18,650,000 shares of Microsoft stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $53.53, for a total value of $998,334,500.00. The sale was disclosed in a legal filing with the Securities Exchange Commission, which is available at this hyperlink.

Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services. The Company also designs and sells hardware, and delivers online advertising to the customers. The Company operates in five segments: Devices and Consumer (NASDAQ:MSFT) Licensing, DC Hardware, DC Other, Commercial Licensing, and Commercial Other. The Company’s products include operating systems for computing devices, servers, phones, and other intelligent devices; server applications for distributed computing environments; productivity applications; business solution applications; desktop and server management tools; software development tools; video games; and online advertising. It also offers cloud-based solutions that provide customers with software, services and content over the Internet by way of shared computing resources located in centralized data centers. It provides consulting and product and solution support services.

This story was originally published by Corvus Business Newswire (http://corvuswire.com) and is the sole property of Corvus Business Newswire. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://corvuswire.com/2016/01/31/appleton-partners-inc-ma-raises-stake-in-microsoft-co-msft/790328/

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Sunday, January 31st, 2016 EN No Comments

1st Global Advisors Inc. Increases Position in Alphabet Inc (GOOGL)

1st Global Advisors Inc. boosted its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 3.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 950 shares of the company’s stock after buying an additional 33 shares during the period. 1st Global Advisors Inc.’s holdings in Alphabet were worth $739,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in GOOGL. Taylor Wealth Management Partners boosted its position in shares of Alphabet by 5.0% in the fourth quarter. Taylor Wealth Management Partners now owns 84 shares of the company’s stock valued at $65,000 after buying an additional 4 shares during the last quarter. Benjamin F. Edwards Company boosted its position in shares of Alphabet by 1.3% in the fourth quarter. Benjamin F. Edwards Company now owns 622 shares of the company’s stock valued at $484,000 after buying an additional 8 shares during the last quarter. Baystate Wealth Management boosted its position in shares of Alphabet by 3.1% in the fourth quarter. Baystate Wealth Management now owns 335 shares of the company’s stock valued at $261,000 after buying an additional 10 shares during the last quarter. BLBB Advisors boosted its position in shares of Alphabet by 2.4% in the fourth quarter. BLBB Advisors now owns 430 shares of the company’s stock valued at $335,000 after buying an additional 10 shares during the last quarter. Finally, Campbell Newman Asset Management boosted its position in shares of Alphabet by 1.0% in the fourth quarter. Campbell Newman Asset Management now owns 1,158 shares of the company’s stock valued at $901,000 after buying an additional 11 shares during the last quarter.

Alphabet Inc (NASDAQ:GOOGL) opened at 761.35 on Friday. The stock has a 50 day moving average price of $750.90 and a 200 day moving average price of $706.29. Alphabet Inc has a 12 month low of $521.72 and a 12 month high of $798.69. The company has a market cap of $523.60 billion and a price-to-earnings ratio of 32.09.

Several research analysts recently issued reports on the company. B. Riley reaffirmed a “buy” rating and set a $853.00 target price (up previously from $778.00) on shares of Alphabet in a research report on Friday, October 23rd. Axiom Securities lifted their price target on Alphabet from $850.00 to $900.00 and gave the stock a “buy” rating in a report on Tuesday, November 3rd. Wedbush lifted their price target on Alphabet from $740.00 to $800.00 and gave the stock a “neutral” rating in a report on Friday. Raymond James reiterated a “buy” rating and set a $790.00 price target on shares of Alphabet in a report on Friday. Finally, Evercore ISI lifted their price target on Alphabet from $840.00 to $915.00 and gave the stock a “buy” rating in a report on Wednesday, December 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $834.75.

Alphabet Inc (NASDAQ:GOOGL) is a collection of Companies. The Company’s collection include Calico, Google’s health and longevity effort; Nest its connected home business; Fiber, its gigabit internet arm; and its investment divisions such as Google Ventures and Google Capital, and incubator projects, such as Google X. These will be managed separately in Alphabet. On October 2, 2015, Google implemented a holding company reorganization pursuant to the Agreement and Plan of Merger (the Merger Agreement), dated as of October 2, 2015, among Google, Alphabet and Maple Technologies Inc., a Delaware corporation (Merger Sub), which resulted in Alphabet owning all of the outstanding capital stock of Google. Pursuant to the Alphabet Merger, Merger Sub, a direct, wholly owned subsidiary of Alphabet and an indirect, wholly owned subsidiary of Google, merged with and into Google, with Google surviving as a direct, wholly owned subsidiary of Alphabet.

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Sunday, January 31st, 2016 EN No Comments

St. Louis-based Archford Capital Strategies welcomes Chad Stafko to its Wealth Management team

St. Louis-based Archford Capital Strategies welcomes Chad Stafko to its Wealth Management team

ST. LOUIS (January 29, 2016) – Wealth management firm, Archford Capital Strategies, proudly welcomes to its team, Chad Stafko, a Certified Financial Planner and Certified Investment Analyst. Stafko comes to Archford with over 16 years of experience in Discretionary Asset Management with a regional trust company.

Stafko will join the firm at its Swansea, Illinois location, and will serve as a member of the Investment Policy Committee. “I am thrilled to be joining the brilliant, locally-based team at Archford, where I will be able to maintain the fiduciary standard my clients expect, while also providing them with increased attention to their specific financial needs. I cannot imagine a better fit for my clients and me than Archford Capital,” said Stafko.

Archford is an independent, locally-based, full-service wealth management firm, and adheres to a truly fiduciary standard. With a team holding over 25 industry-leading professional designations and advanced degrees, the firm manages over a half billion dollars in assets and custom-manages several methods of investing and asset allocation. Archford’s custodian is Pershing, LLC, a BNY Mellon company which has been a leading global provider of financial business solutions for over 75 years and serves many of the world’s most respected financial organizations.

Stafko holds an MBA, as well as a Bachelor of Science in Finance, from Southern Illinois University in Carbondale. He lives in Freeburg with his wife and two sons, and is an active member of his church there, serving as a deacon and running the youth leadership program.

“We are excited and honored to welcome Chad to Archford Capital. Along with his professional experience and credentials, he is sure to prove to be a valuable asset and great addition to our team,” said Archford CEO, Jim Maher.

About Archford Capital Strategies

Archford Capital Strategies, a private wealth management firm founded by James D. Maher, is represented by a skilled team of wealth management advisors with more than 25 professional designations, accreditations and certifications. Based in St. Louis, Missouri, Archford Capital Strategies offers a wide range of financial services to clients and closely held businesses. They offer planning solutions for concentrated stock strategies, foundation management, retirement plan management, credit needs, and wealth transfer strategies. They specialize in Business Transition and work with closely held businesses on business valuation, buyer intelligence, ESOP structures, transition, recapitalization, and liquidity strategies.

 

For more information, please visit www.archfordcapital.com.


###

 

CONTACT:

Tracy Polansky

The Polansky Group

314.604.1926

tracy@polanskygroup.com

 

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Saturday, January 30th, 2016 EN No Comments

General Electric Company (GE) Shares Sold by Cabot Wealth Management

Cabot Wealth Management lowered its position in shares of General Electric Company (NYSE:GE) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The hedge fund owned 23,356 shares of the company’s stock after selling 106 shares during the period. Cabot Wealth Management’s holdings in General Electric Company were worth $728,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Beacon Capital Management raised its position in General Electric Company by 50.2% in the fourth quarter. Beacon Capital Management now owns 449 shares of the company’s stock worth $14,000 after buying an additional 150 shares in the last quarter. Telemus Capital boosted its stake in shares of General Electric Company by 1.4% in the fourth quarter. Telemus Capital now owns 18,806 shares of the company’s stock worth $586,000 after buying an additional 253 shares during the last quarter. Legacy Private Trust Company boosted its stake in shares of General Electric Company by 0.3% in the fourth quarter. Legacy Private Trust Company now owns 107,984 shares of the company’s stock worth $3,363,000 after buying an additional 360 shares during the last quarter. Blue Fin Capital boosted its stake in shares of General Electric Company by 0.7% in the fourth quarter. Blue Fin Capital now owns 54,950 shares of the company’s stock worth $1,712,000 after buying an additional 370 shares during the last quarter. Finally, Prospera Financial Services boosted its stake in shares of General Electric Company by 1.2% in the fourth quarter. Prospera Financial Services now owns 39,130 shares of the company’s stock worth $1,219,000 after buying an additional 454 shares during the last quarter.

General Electric Company (NYSE:GE) opened at 29.10 on Friday. General Electric Company has a 12-month low of $19.37 and a 12-month high of $31.49. The company’s market cap is $283.58 billion. The stock’s 50 day moving average is $29.60 and its 200-day moving average is $27.84.

General Electric Company (NYSE:GE) last announced its quarterly earnings data on Friday, January 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The business earned $33.80 billion during the quarter. During the same quarter in the previous year, the firm posted $0.56 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis. Analysts predict that General Electric Company will post $1.50 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on GE. William Blair restated a “buy” rating on shares of General Electric Company in a report on Wednesday, November 11th. Independent Research GmbH set a $37.00 target price on shares of General Electric Company and gave the stock a “buy” rating in a report on Thursday, December 24th. Sanford C. Bernstein restated a “buy” rating and set a $33.00 target price on shares of General Electric Company in a report on Friday, January 22nd. Argus restated a “buy” rating on shares of General Electric Company in a report on Tuesday, December 29th. Finally, Oppenheimer restated a “market perform” rating on shares of General Electric Company in a report on Sunday, January 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $32.05.

In other news, SVP Alexander Dimitrief bought 65,272 shares of the business’s stock in a transaction on Monday, January 25th. The shares were bought at an average cost of $28.04 per share, for a total transaction of $1,830,226.88. Following the completion of the acquisition, the senior vice president now owns 17,896 shares in the company, valued at approximately $501,803.84. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

General Electric Company (NYSE:GE) is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines, power generation, oil and gas production equipment, and household appliances to medical imaging, business and consumer financing and industrial products. The Company operates its segments through its eight businesses, -based on the markets they serve: Power Water, Oil Gas, Energy Management, Aviation, Healthcare, Transportation, Appliances, and Lighting and GE Capital. GE Capital operates the following businesses: Commercial Lending and Leasing, Consumer, Real Estate, Energy Financial Services and GE Capital Aviation Services. The Company operates in approximately 175 countries.

This story was originally published by EMQ (http://www.emqtv.com) and is the sole property of EMQ. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://www.emqtv.com/general-electric-company-ge-shares-sold-by-cabot-wealth-management/177572/

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Saturday, January 30th, 2016 EN No Comments

Pfizer Inc. (PFE) Stake Lowered by Cabot Wealth Management

Cabot Wealth Management cut its stake in Pfizer Inc. (NYSE:PFE) by 0.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,314 shares of the biopharmaceutical company’s stock after selling 55 shares during the period. Cabot Wealth Management’s holdings in Pfizer were worth $268,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Janus Capital Management boosted its position in shares of Pfizer by 35.2% in the third quarter. Janus Capital Management now owns 11,561,514 shares of the biopharmaceutical company’s stock valued at $363,157,000 after buying an additional 3,012,704 shares in the last quarter. Atalanta Sosnoff Capital boosted its stake in Pfizer by 12.1% in the fourth quarter. Atalanta Sosnoff Capital now owns 1,935,494 shares of the biopharmaceutical company’s stock valued at $62,478,000 after buying an additional 209,124 shares during the period. Verde Servico Internacionais bought a new stake in Pfizer during the fourth quarter valued at $24,213,000. Creative Planning boosted its stake in Pfizer by 15.7% in the fourth quarter. Creative Planning now owns 660,706 shares of the biopharmaceutical company’s stock valued at $21,328,000 after buying an additional 89,688 shares during the period. Finally, Nexus Investment Management boosted its stake in Pfizer by 0.7% in the fourth quarter. Nexus Investment Management now owns 622,970 shares of the biopharmaceutical company’s stock valued at $20,109,000 after buying an additional 4,085 shares during the period.

Shares of Pfizer Inc. (NYSE:PFE) opened at 30.49 on Friday. Pfizer Inc. has a 1-year low of $28.47 and a 1-year high of $36.46. The firm’s 50 day moving average price is $31.56 and its 200-day moving average price is $33.11. The company has a market capitalization of $188.21 billion and a P/E ratio of 22.89.

Pfizer (NYSE:PFE) last posted its quarterly earnings results on Tuesday, October 27th. The biopharmaceutical company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. The firm had revenue of $12.10 billion for the quarter, compared to the consensus estimate of $11.56 billion. Pfizer’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 EPS. Analysts expect that Pfizer Inc. will post $2.19 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 2nd. Stockholders of record on Friday, February 5th will be given a dividend of $0.30 per share. This is a positive change from Pfizer’s previous quarterly dividend of $0.24. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date is Wednesday, February 3rd.

Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of Pfizer from a “buy” rating to a “hold” rating in a report on Tuesday, November 3rd. Independent Research GmbH reiterated a “neutral” rating and issued a $38.00 price target on shares of Pfizer in a report on Wednesday, October 28th. SP Equity Research reiterated a “hold” rating and issued a $40.00 price target on shares of Pfizer in a report on Wednesday, October 28th. Nord/LB reiterated a “buy” rating on shares of Pfizer in a report on Tuesday. Finally, Cowen and Company reiterated a “buy” rating and issued a $43.00 price target on shares of Pfizer in a report on Wednesday, December 2nd. Six analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $39.83.

Pfizer Inc. is a global biopharmaceutical company. The Company is engaged in discovering, developing and manufacturing of healthcare products. Its products include Lyrica, the Prevnar family of products, Enbrel, Celebrex, Lipitor, Viagra, Zyvox, Sutent, EpiPen, Toviaz, Tygacil, Rapamune, Xalkori, Inlyta, Norvasc, BeneFIX, Genotropin and Enbrel, among others. It operates in three segments: Global Innovative Pharmaceutical segment (NYSE:PFE), Global Vaccines, Oncology and Consumer Healthcare segment (VOC) and Global Established Pharmaceutical segment (GEP). GIP is focused on developing, registering and commercializing medications in therapeutic areas, such as inflammation, cardiovascular/metabolic, neuroscience and pain, rare diseases and women’s/men’s health. VOC focuses on the development and commercialization of vaccines and products for oncology and consumer healthcare. GEP includes its sterile injectable products and bio similar development portfolio. Its subsidiary is Hospira, Inc.

This story was originally published by EMQ (http://www.emqtv.com) and is the sole property of EMQ. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://www.emqtv.com/pfizer-inc-pfe-stake-lowered-by-cabot-wealth-management/177570/

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Saturday, January 30th, 2016 EN No Comments

CUE Financial Group Acquires 3605 Shares of Under Armour Inc (UA)

CUE Financial Group raised its stake in shares of Under Armour Inc (NYSE:UA) by 31.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The hedge fund owned 15,115 shares of the apparel retailer’s stock after buying an additional 3,605 shares during the period. Under Armour accounts for approximately 1.1% of CUE Financial Group’s holdings, making the stock its 28th largest position. CUE Financial Group’s holdings in Under Armour were worth $1,218,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in UA. Taylor Wealth Management Partners raised its stake in shares of Under Armour by 2.7% in the fourth quarter. Taylor Wealth Management Partners now owns 92,089 shares of the apparel retailer’s stock valued at $7,423,000 after buying an additional 2,448 shares in the last quarter. Detwiler Fenton Investment Management acquired a new position in Under Armour during the fourth quarter worth approximately $213,000. Alpha Capital Management acquired a new position in Under Armour during the fourth quarter worth approximately $1,262,000. Natixis Asset Management raised its position in Under Armour by 11.7% in the third quarter. Natixis Asset Management now owns 6,302 shares of the apparel retailer’s stock worth $610,000 after buying an additional 658 shares in the last quarter. Finally, Cabot Wealth Management raised its position in Under Armour by 136.3% in the fourth quarter. Cabot Wealth Management now owns 43,912 shares of the apparel retailer’s stock worth $3,540,000 after buying an additional 25,327 shares in the last quarter.

Under Armour Inc (NYSE:UA) traded up 0.21% on Friday, reaching $84.25. 4,725,364 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $76.83 and a 200-day moving average of $90.91. Under Armour Inc has a 12 month low of $63.23 and a 12 month high of $105.89. The firm has a market capitalization of $18.18 billion and a price-to-earnings ratio of 86.15.

Under Armour (NYSE:UA) last released its earnings results on Thursday, January 28th. The apparel retailer reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.13 billion. Under Armour’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.40 earnings per share. On average, equities analysts expect that Under Armour Inc will post $1.04 earnings per share for the current year.

A number of research firms have commented on UA. Brean Capital lifted their price objective on shares of Under Armour from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Friday. Vetr lowered shares of Under Armour from a “strong-buy” rating to a “hold” rating and set a $86.09 price objective on the stock. in a research note on Thursday. B. Riley upgraded shares of Under Armour from a “neutral” rating to a “buy” rating in a research note on Thursday. SunTrust restated a “buy” rating on shares of Under Armour in a research note on Tuesday. Finally, Deutsche Bank dropped their price objective on shares of Under Armour from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Tuesday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the stock. Under Armour has a consensus rating of “Buy” and a consensus target price of $100.13.

In related news, CFO Brad Dickerson sold 10,000 shares of the stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $95.56, for a total transaction of $955,600.00. Following the completion of the sale, the chief financial officer now owns 56,838 shares in the company, valued at approximately $5,431,439.28. The sale was disclosed in a filing with the Securities Exchange Commission, which is available at the SEC website. Also, CEO Kevin A. Plank sold 437,500 shares of the stock in a transaction dated Wednesday, November 18th. The stock was sold at an average price of $85.76, for a total transaction of $37,520,000.00. Following the sale, the chief executive officer now owns 190,123 shares of the company’s stock, valued at approximately $16,304,948.48. The disclosure for this sale can be found here.

Under Armour, Inc. is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s moisture-wicking fabrications are engineered in a range of designs and styles for wear in nearly every climate to provide an alternative to traditional products. The Company’s operating segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (NYSE:UA); Asia-Pacific; Latin America, and MapMyFitness. The Company also offers digital fitness platform licenses and subscriptions, along with digital advertising through its MapMyFitness business. Its apparel offers three gearlines, including HEATGEAR, COLDGEAR and ALLSEASONGEAR. Its footwear offerings include football, baseball, lacrosse, softball and soccer cleats, slides and performance training, running, basketball and outdoor footwear. Its accessories primarily include the sale of headwear, bags and gloves.

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Friday, January 29th, 2016 EN No Comments

Jeff Westerhold Recognized on "Best Wealth Managers" List

St. Louis Small Business Monthly (SBMON) recently selected Jeff Westerhold, MBA, CFP®, CLU, as one of the St. Louis region’s “Best Wealth Managers”*. Westerhold, Principal of Scheffel Financial Services, will be featured along with the other winners in the February edition of the publication.

Westerhold has been working in the financial services industry for over 25 years. At Scheffel Financial Services, he leads his team in assisting both individuals and business owners in developing custom-tailored financial strategies to their needs. His client services include estate and retirement planning, wealth management strategies, investment services, insurance analysis, and financial planning.

Westerhold received his Undergraduate Degree in Finance from Eastern Illinois University in 1987, and then his MBA shortly thereafter in 1989. He earned his Chartered Life Underwriter (CLU) in 2000 and his Certified Financial Planner (CFP®) designation in 2001. Outside of his work at Scheffel Financial Services, Westerhold is active in multiple community and nonprofit associations, including the Edwardsville Rotary club, Habitat for Humanity, and the Edwardsville/Glen Carbon Chamber of Commerce.

Since being founded in 2001, the team at Scheffel Financial Services offers independent, unbiased, customizable wealth management strategies to their clients. Their services include investment management, portfolio analysis, financial planning, estate and retirement planning, and both life and long-term insurance analysis. They are located in downtown Edwardsville and serve clients throughout the St. Louis and Southern Illinois regions. To contact Westerhold and his team at Scheffel Financial Services, please call 618.656.1207.

Securities and advisory services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC

*The St. Louis Small Business Monthly readership nominated individuals for this award and recipients were chosen based on number of nominations they received.

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Friday, January 29th, 2016 EN No Comments

Three top stocks from Baskin Wealth’s Barry Schwartz

Barry Schwartz is chief investment officer at Baskin Wealth Management. His focus is North American large caps.

Top Picks:

Telus (T.TO)

After years of outperformance vs. Bell and Rogers, Telus’s stock has pulled back materially. We assume that investors are concerned about Telus’ exposure to energy-intensive provinces. It raised its dividend by 10 per cent in 2015, and we expect further increases in 2016.

Brookfield Infrastructure Partners (BIP_U.TO)

We expect 2016 to be a busy year for Brookfield Infrastructure. The volatility in the stock market, along with the drop in resource prices, should allow Brookfield to entertain many acquisition opportunities. Brookfield raised its distribution to its partners by 10 per cent in 2015, and we expect another 10-per-cent increase in 2016.

Cineplex (CGX.TO)

After a record-breaking year at the box office in 2015, pundits are predicting slightly weaker results in 2016. Cineplex can’t control the success of the movie releases, but it is working hard to diversify its revenue base. Recent investments in gaming should start to bear fruit by year-end. Cineplex raised its dividend by 4 per cent in 2015 and we expect another dividend increase in 2016.

Past Picks: January 12, 2015

Home Capital Group (HCG.TO)

Then: $41.64 Now: $27.77 -33.31% Total return: -31.69%

General Motors (GM.N)

Then: $35.84 Now: $29.02 -19.03% Total return: -15.70%

Brookfield Asset Management (BAMa.TO)

Stock Split – May 13, 2015 – 3 for 2

Then: $61.31 Now: $41.70 +2.02% Total return: +3.43%

Total Return Average: -14.65%

Market outlook:

We are also business analysts. We believe that successful investing requires us to understand what we buy for our clients on a fundamental level. We strive to find profitable companies with plenty of reinvestment opportunities, trading at reasonable valuations.We don’t find these companies by looking at charts, or by listening to what other brokers recommend. We do it the old-fashioned way – by reading financial statements, working with the numbers, and figuring out what a company is genuinely worth.

Too often, we are judged by the price changes of our clients’ holdings.We strive to guide our clients and others to base their judgments on the actual performance of those companies. As we have said, time and time again, increasing dividends is one of the best indicators of performance. When a company raises its dividend, it signals to investors that it has confidence in its business and in its ability to increase profits. Higher profits generally lead to higher stock prices. So buying and owning companies that raise dividends regularly is the best way to grow your portfolio over time.

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Friday, January 29th, 2016 EN No Comments

It’s Not Just Their Retirement at Stake …

The demographics of our profession are not exactly in favor of smaller practitioners. The average 

age of small-practice owners is quickly approaching what the larger firms would call normal retirement age. It seems clear to me that smaller firms without a solid succession plan are most vulnerable to not capturing a reasonable selling price when finally deciding to retire.

According to a 2012 survey by the American Institute of CPAs, 95.5 percent of all CPA firms have 19 or fewer employees. Many of these small firms have already figured out or will soon find out that it is essentially a buyer’s market for CPA firms. That is, valuations are low and there simply aren’t many buyers lined up to take over your firm at a lofty valuation.

Of course, there are always rollup opportunities with larger firms where you’ll be allowed to merge in your firm, work as long as you want and then receive a payout upon retirement. Typically that payout is equal to about one times the annual revenues that are retained at the time of the merger. Higher valuations do occur for firms with an exceptional client base or a specialty which is desirable to a buyer.

While this method may seem like business as usual in the courtship phase, it doesn’t always work out so perfectly. The reasons for the challenges are numerous, but the leading challenge is assessing the culture of your merger target. Talk is cheap and always sounds good before the deal, but after one busy season with the new firm you’ll know if you made the right decision. If you didn’t make the right decision, the whole transaction will positively be more work than if you just stayed in your cocoon and ran your own shop. But don’t let that fear hold you back.

Another strategy is to find internal successors from your existing employee pool. The smaller the firm, the less likely that the right candidate exists within your walls. Frankly, that in itself is telling about the value of your firm. Without the leverage and continuity of quality staffers who may be partner material, a new buyer is simply buying a job, rather than a business.

 

ENTER WEALTH MANAGEMENT

Establishing an active wealth management division can help in many ways. The first way that it helps is that the work is spread evenly throughout the year. Unlike traditional accounting and tax services, which tend to cause workload compression into a few short months, in the wealth management business your clients need you every day.

A practice management issue may arise with finding the time to devote to wealth management. But for true business owner entrepreneurs this is a luxury problem. I’ve heard some exclaim that forgoing accounting revenues for wealth management revenues is a lateral move, and merely trading hours and dollars from one work code to another. This would only be true for those who lack the skill to properly manage their business. Wealth management historically has a significantly higher realization rate than traditional accounting services in smaller firms. I know that many practitioners can’t get rid of their old thoughts of how longer hours equal more money, but you need to give it a try. Imagine having a balanced life for the entire year, and not just the few weeks between October 15 and January 15. With wealth management you can serve fewer clients, work fewer hours, have more satisfaction, and make more money.

There are a few solutions to the issue of needing more hours. The first is to hire more or better staff to absorb some of the partner’s traditional accounting workload. Another would be to terminate smaller or difficult clients or sell them to a practitioner smaller than yourself who would be happy to take on more traditional work with smaller clients. Another may be to hire an experienced wealth management professional who can lead that charge. And yet another solution may be to outsource any or all of the above. There are plenty of financial services professionals who would be glad to revenue-share with you: You bring in the clients and they do the work for some pre-determined formula to share the revenues. If you choose the latter route, however, be careful to pick the right partner. Many existing advisors talk a great game about holistic wealth management, but as soon as they’ve got the assets to manage or have an opportunity to sell their products, the proactive and holistic service stops. This would not be helpful in the long run to you or your clients.

Another way that wealth management helps to build a better firm is that it is actually a service that clients want. You’ve heard the comparisons where accounting and tax services are like going to the dentist — no one wants to do it, but it is a necessary evil. Properly delivered wealth management services actually become an attractant, and one of the few reasons that clients will enjoy coming to your office. As a wealth manager with over 30 years of experience, I’ve encountered many clients who talk of their accounting relationship as dismal and necessary. When asked why they don’t change firms, the response sometimes heard is, “Better the devil you know than the devil you don’t.” I wouldn’t describe those clients as raving fans.

A well-executed wealth management business may become the best promotional tool for traditional services as well. The key is how you package the combo. In my world, I counsel firms to draw a line in the sand where no new clients get to come across the threshold unless they meet a certain profile. In this instance, I suggest that profile be over a certain size in terms of gross billings and that they engage the firm for both traditional services and wealth management.

Wealth management services can also help with staff retention. Stop complaining about your young Millennial staff. Too many older practitioners talk about these up-and-coming professionals as if they’ve got no work ethic. Just because they don’t want to work 18 hours a day for six-plus days a week doesn’t mean that they don’t have a good work ethic. They simply want to perform more meaningful work than telling clients what happened last year and do it with the type of work-life balance that their best clients enjoy.

The last way wealth management can help a CPA firm is with the valuation of the firm. Simply stated, a properly run wealth management firm is worth far more than the dollar for dollar of revenue that traditional accounting services draw in today’s marketplace. Just as you’d find in any businesses, some are worth more than others. In order to make sure that your valuation is at the top of the list, you have to deliver an elevated service experience when distinguished from other providers.

 

ELEVATION

The elevated service begins with making sure that you are truly delivering a comprehensive wealth management offering. Many firms use the term “comprehensive,” but few actually deliver it. The American Institute of CPAs’ Personal Financial Planning Division publishes a PFP checklist that is as detailed and long as you’d expect from a specialized industry audit guide. Take a look at that guide and ask if your offering is as robust as that one. If you think that this checklist is overkill for your clients, then you need to examine the profile of your wealth management clients.

The most valuable wealth management practices are those that serve families that need the scope of services found in that checklist. A common mistake made by many firms looking to grow their wealth management offering is starting with smaller clients until they get more proficient in PFP. This mistake could have your wealth management business looking like your accounting firm, with many clients and a commoditized type of offering.

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Thursday, January 28th, 2016 EN No Comments