Btr Capital Management Has Lowered Its Stake in The Blackstone Group LP (BX) as Stock Price Rose; Apple (AAPL) Holder New England Investment & Retirement Group Boosted Stake

September 14, 2018 - By Rhonda Roth

The Blackstone Group L.P. (NYSE:BX) Logo

Btr Capital Management Inc decreased its stake in The Blackstone Group Lp (BX) by 16.07% based on its latest 2018Q2 regulatory filing with the SEC. Btr Capital Management Inc sold 12,200 shares as the company’s stock rose 8.35% with the market. The institutional investor held 63,695 shares of the investment managers company at the end of 2018Q2, valued at $2.05 million, down from 75,895 at the end of the previous reported quarter. Btr Capital Management Inc who had been investing in The Blackstone Group Lp for a number of months, seems to be less bullish one the $43.84 billion market cap company. The stock increased 1.98% or $0.71 during the last trading session, reaching $36.65. About 927,792 shares traded. The Blackstone Group L.P. (NYSE:BX) has risen 11.18% since September 14, 2017 and is uptrending. It has underperformed by 4.44% the S&P500. Some Historical BX News: 09/04/2018 – Blackstone Hires Yan Yan to Join Real Estate Team in Asia; 12/04/2018 – Australia’s AMA Group to sell vehicle panel repair business to Blackstone for $394.9 mln; 21/05/2018 – LASALLE HOTEL PROPERTIES – ALL-CASH TRANSACTION HAS BEEN UNANIMOUSLY APPROVED BY LASALLE’S BOARD OF TRUSTEES; 05/04/2018 – GSO Capital Partners’ Third Capital Solutions Fund Closes on $7 Billion in LP Commitments; 21/05/2018 – LASALLE HOTEL TO BE ACQUIRED BY BLACKSTONE IN $4.8B CASH DEAL; 26/03/2018 – SANTANDER, BLACKSTONE FORMALIZE POPULAR REAL ESTATE DEAL; 19/04/2018 – BLACKSTONE GROUP LP – DISTRIBUTABLE EARNINGS (“DE”) WAS $502 MILLION ($0.41/UNIT) IN THE QUARTER; 14/05/2018 – BLACKSTONE IS SAID TO GENERATE 4X RETURN IN MPHASIS SELLDOWN; 16/03/2018 – Blackstone’s Crowned Prince (Video); 05/04/2018 – Hispania Trades 6% Lower Following Blackstone Bid

New England Investment & Retirement Group Inc increased its stake in Apple Inc (AAPL) by 13.62% based on its latest 2018Q2 regulatory filing with the SEC. New England Investment & Retirement Group Inc bought 2,719 shares as the company’s stock rose 15.93% with the market. The institutional investor held 22,675 shares of the computer manufacturing company at the end of 2018Q2, valued at $3.26M, up from 19,956 at the end of the previous reported quarter. New England Investment & Retirement Group Inc who had been investing in Apple Inc for a number of months, seems to be bullish on the $ market cap company. The stock decreased 0.45% or $1.03 during the last trading session, reaching $225.38. About 10.19M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 37.43% since September 14, 2017 and is uptrending. It has outperformed by 21.81% the S&P500. Some Historical AAPL News: 12/04/2018 – Apple HomePod Disappoints With Slow Sales After Debut (Correct); 20/03/2018 – Most Android phones will have to wait until 2019 to duplicate the 3D sensing feature behind Apple’s Face ID security; 01/05/2018 – Apple Services Revenue Growth Outshines Other Segments; 14/05/2018 – Foxconn, the world’s largest contract electronics maker and supplier to Apple, posted a 14.5 percent fall in first-quarter net profit; 23/05/2018 – Apple Is Said to Use Volkswagen Self-Driving Vans for Employees; 24/05/2018 – Apple Inc. vs Uniloc USA, Inc. | FWD Entered | 05/23/2018; 31/03/2018 – India’s electronics ministry moots duties on key smartphone component; 19/03/2018 – Apple Is Making Its Own Display Screens For The First Time: Bloomberg — MarketWatch; 07/05/2018 – BUFFETT, MUNGER, GATES JOINT APPEARANCE ON CNBC ENDS; 30/05/2018 – HealthXL Launches App to Connect the Industry Leaders that are Transforming Modern Health

New England Investment & Retirement Group Inc, which manages about $526.71M and $178.45M US Long portfolio, decreased its stake in Vanguard Health Care Etf (VHT) by 3,145 shares to 71,628 shares, valued at $9.98M in 2018Q2, according to the filing. It also reduced its holding in Spdr Blackstone/ Gso Senior Loan Etf (SRLN) by 16,899 shares in the quarter, leaving it with 144,583 shares, and cut its stake in Alerian Mlp Etf (AMLP).

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Seekingalpha.com which released: “Report: LG Display becomes iPhone’s second OLED supplier” on September 14, 2018, also Nasdaq.com with their article: “Verizon Launches the World’s First Commercial 5G Service October 1” published on September 14, 2018, Seekingalpha.com published: “Apple Remains Slightly Undervalued” on September 04, 2018. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Nasdaq.com and their article: “Will Apple Host Another Product Event in October?” published on September 14, 2018 as well as Nasdaq.com‘s news article titled: “The iPhone XR Makes Apple Stock a Great Buy Again” with publication date: September 14, 2018.

Among 56 analysts covering Apple Inc. (NASDAQ:AAPL), 36 have Buy rating, 1 Sell and 19 Hold. Therefore 64% are positive. Apple Inc. had 435 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Bernstein on Friday, February 2 to “Hold”. Barclays Capital maintained Apple Inc. (NASDAQ:AAPL) rating on Wednesday, April 20. Barclays Capital has “Overweight” rating and $131 target. RBC Capital Markets maintained the shares of AAPL in report on Wednesday, March 21 with “Buy” rating. Morgan Stanley maintained the shares of AAPL in report on Wednesday, September 5 with “Overweight” rating. Hilliard Lyons upgraded the shares of AAPL in report on Monday, February 5 to “Buy” rating. The company was maintained on Monday, August 21 by Credit Suisse. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by Nomura on Tuesday, August 25. Barclays Capital maintained the stock with “Hold” rating in Thursday, June 15 report. The firm has “Buy” rating by DA Davidson given on Wednesday, September 5. Canaccord Genuity maintained it with “Buy” rating and $140 target in Friday, September 16 report.

Since April 3, 2018, it had 0 insider purchases, and 13 selling transactions for $52.58 million activity. Srouji Johny sold $2.81M worth of Apple Inc. (NASDAQ:AAPL) on Wednesday, May 23. 4,867 Apple Inc. (NASDAQ:AAPL) shares with value of $910,129 were sold by KONDO CHRIS. WILLIAMS JEFFREY E sold $2.99M worth of stock. AHRENDTS ANGELA J sold $6.75 million worth of stock or 38,228 shares. 69,491 shares were sold by SCHILLER PHILIP W, worth $11.56M. 35,000 shares valued at $6.51M were sold by LEVINSON ARTHUR D on Wednesday, May 9.

Investors sentiment increased to 0.71 in 2018 Q2. Its up 0.02, from 0.69 in 2018Q1. It improved, as 57 investors sold AAPL shares while 1002 reduced holdings. 132 funds opened positions while 622 raised stakes. 2.77 billion shares or 3.26% less from 2.86 billion shares in 2018Q1 were reported. The Texas-based Segment Wealth Ltd Llc has invested 1.72% in Apple Inc. (NASDAQ:AAPL). Aldebaran Incorporated reported 24,326 shares or 3.09% of all its holdings. Kbc Group Inc Nv stated it has 1.54 million shares. Picton Mahoney Asset Management owns 190,200 shares. Ing Groep Nv has invested 5.38% in Apple Inc. (NASDAQ:AAPL). First Interstate Commercial Bank has 105,043 shares for 4.3% of their portfolio. Donaldson Cap Management Limited Liability Co has invested 3.76% in Apple Inc. (NASDAQ:AAPL). Hennessy Advsrs has invested 0.12% of its portfolio in Apple Inc. (NASDAQ:AAPL). Windsor Cap Mngmt Limited Liability reported 0.83% stake. Jackson Wealth Lc, a Florida-based fund reported 138,020 shares. 16.87M were reported by Swiss Natl Bank. American Fincl Bank holds 1.91% or 35,988 shares. Creative Planning reported 2.21M shares. Riverhead Cap Management Lc reported 1.6% in Apple Inc. (NASDAQ:AAPL). Olstein Cap Mgmt Lp has 2.48% invested in Apple Inc. (NASDAQ:AAPL).

Another recent and important The Blackstone Group L.P. (NYSE:BX) news was published by Streetinsider.com which published an article titled: “Blackstone (BX) Analyst Day Could Prompt A 40% Trade – Morgan Stanley” on September 14, 2018.

Btr Capital Management Inc, which manages about $543.26M and $519.18 million US Long portfolio, upped its stake in Pentair Plc (NYSE:PNR) by 29,662 shares to 145,453 shares, valued at $6.12M in 2018Q2, according to the filing. It also increased its holding in Procter And Gamble Company (NYSE:PG) by 11,139 shares in the quarter, for a total of 107,929 shares, and has risen its stake in Qualcomm Inc. (NASDAQ:QCOM).

Since June 12, 2018, it had 0 insider purchases, and 2 sales for $25.26 million activity. Finley John G had sold 20,000 shares worth $664,600 on Tuesday, June 12.

Analysts await The Blackstone Group L.P. (NYSE:BX) to report earnings on October, 18. They expect $0.73 EPS, up 5.80% or $0.04 from last year’s $0.69 per share. BX’s profit will be $873.17M for 12.55 P/E if the $0.73 EPS becomes a reality. After $0.90 actual EPS reported by The Blackstone Group L.P. for the previous quarter, Wall Street now forecasts -18.89% negative EPS growth.

Apple Inc. (NASDAQ:AAPL) Institutional Positions Chart

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