Matrix Asset Advisors Lifted Holding in Schlumberger LTD (SLB) as Shares Declined; As Apple (AAPL) Market Valuation Declined, Meridian Management Co Has Decreased Its Stake by $501,750

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Matrix Asset Advisors Inc increased its stake in Schlumberger Ltd (SLB) by 8.17% based on its latest 2018Q3 regulatory filing with the SEC. Matrix Asset Advisors Inc bought 15,305 shares as the company’s stock declined 30.03% with the market. The institutional investor held 202,546 shares of the oilfield services and equipment company at the end of 2018Q3, valued at $12.34 million, up from 187,241 at the end of the previous reported quarter. Matrix Asset Advisors Inc who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $61.43B market cap company. The stock increased 0.82% or $0.36 during the last trading session, reaching $44.42. About 11.04M shares traded. Schlumberger Limited (NYSE:SLB) has declined 32.38% since February 14, 2018 and is downtrending. It has underperformed by 32.38% the S&P500. Some Historical SLB News: 18/04/2018 – SEADRILL CEO SAYS IS CONFIDENT THAT THE OFFSHORE DRILLING RIG MARKET WILL RECOVER WITHIN THE NEXT FIVE YEARS; 16/04/2018 – Schlumberger Presenting at Conference May 16; 04/04/2018 – HAL, SLB: At press conference unveiling new oil and gas discovery in #Bahrain. 1bilion barrel discovery. Light oil and gas discovered; 18/04/2018 – SEADRILL CEO SAYS THE COMPANY IS WORKING WITH SCHLUMBERGER TO OFFER INTEGRATED DRILLING SERVICES IN INDIA; 31/05/2018 – OPHIR ENERGY – GOLAR, OPHIR REMAIN ACTIVELY ENGAGED IN SENIOR LEVEL DISCUSSIONS WITH A NUMBER OF COUNTERPARTIES OVER A FINANCING SOLUTION FOR PROJECT; 20/04/2018 – SCHLUMBERGER 1Q ADJ EPS 38C, EST. 37C; 22/03/2018 – US Nuclear Corp. Receives New Orders for Replacing Competitor Equipment; 06/03/2018 – CERAWEEK – SCHLUMBERGER’S KIBSGAARD SAYS MARKET IS ‘BANKING’ ON U.S. SUPPLY GOING FORWARD; 31/05/2018 – OPHIR ENERGY PLC – FOLLOWING ANNOUNCEMENT RE. ONELNG, CO FORMALISED DISCUSSIONS AND ARE ACTIVELY MOVING FORWARD WITH THEM; 29/05/2018 – Schlumberger Closes Below 50-Day Moving Average: Technicals

Meridian Management Co decreased its stake in Apple Inc (AAPL) by 14.5% based on its latest 2018Q3 regulatory filing with the SEC. Meridian Management Co sold 2,230 shares as the company’s stock declined 22.32% with the market. The institutional investor held 13,148 shares of the computer manufacturing company at the end of 2018Q3, valued at $2.97M, down from 15,378 at the end of the previous reported quarter. Meridian Management Co who had been investing in Apple Inc for a number of months, seems to be less bullish one the $802.45 billion market cap company. The stock decreased 0.42% or $0.71 during the last trading session, reaching $170.18. About 24,984 shares traded. Apple Inc. (NASDAQ:AAPL) has risen 0.17% since February 14, 2018 and is uptrending. It has outperformed by 0.17% the S&P500. Some Historical AAPL News: 29/03/2018 – Apple just released iOS 11.3, which lets users control iPhone battery settings; 06/04/2018 – Apple tells TechCrunch that it plans to release a new Mac Pro computer in 2019; 13/04/2018 – Saudi oil giant Aramco may be more profitable than Apple, according to disputed financial leak; 26/04/2018 – EU PROPOSES LAW REGULATING BUSINESS PRACTICES OF ONLINE PLATFORMS LIKE APPLE, GOOGLE, AMAZON; 24/05/2018 – iDrop News: Apple Partners with Volkswagen to Create Autonomous Electric Vans; 02/05/2018 – Apple posted some of its strongest growth in one of its toughest geographic regions: China; 29/05/2018 – Apple may be planning to use high-end technology in the screens for all of its new 2019 iPhone models, according to a report from South Korea’s Electronic Times; 21/05/2018 – Comcast’s lush new storefronts are reminiscent of Apple Stores; 10/05/2018 – Advanced Credit Technologies, Inc. Wins Approval from Apple and Google to Launch CyberloQ Multi-factor Authentication into Both; 21/03/2018 – U.S. investment trusts gobble assets; retirement plans retreat from active funds

Meridian Management Co, which manages about $439.37 million and $229.73M US Long portfolio, upped its stake in Schwab Strategic Tr (SCHA) by 6,167 shares to 113,595 shares, valued at $8.65M in 2018Q3, according to the filing. It also increased its holding in Ishares Tr by 69,589 shares in the quarter, for a total of 623,064 shares, and has risen its stake in Diamondback Energy Inc (NASDAQ:FANG).

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Seekingalpha.com which released: “Apple: The 4 Biggest Risks – Seeking Alpha” on February 12, 2019, also Nasdaq.com with their article: “Apple (AAPL) Barely Beats After Warning, Plus AMD & EBAY Report – Nasdaq” published on January 29, 2019, Seekingalpha.com published: “Apple launching new low-cost iPads – report – Seeking Alpha” on January 17, 2019. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Nasdaq.com and their article: “Technology Sector Update for 02/11/2019: SPI,AAPL,CAMT,RGSE – Nasdaq” published on February 11, 2019 as well as Nasdaq.com‘s news article titled: “Noteworthy Wednesday Option Activity: PRO, AAPL, CARS – Nasdaq” with publication date: January 30, 2019.

Among 58 analysts covering Apple Inc. (NASDAQ:AAPL), 31 have Buy rating, 1 Sell and 26 Hold. Therefore 53% are positive. Apple Inc. had 477 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Robert W. Baird on Tuesday, November 27. The stock of Apple Inc. (NASDAQ:AAPL) has “Outperform” rating given on Thursday, December 17 by RBC Capital Markets. Mizuho maintained Apple Inc. (NASDAQ:AAPL) on Friday, September 11 with “Neutral” rating. The rating was maintained by Cowen & Co with “Market Perform” on Friday, September 11. The stock has “Neutral” rating by Nomura on Friday, August 31. On Thursday, January 19 the stock rating was downgraded by OTR Global to “Negative”. The rating was maintained by Rosenblatt with “Buy” on Tuesday, November 21. The rating was maintained by Drexel Hamilton with “Buy” on Monday, August 7. Goldman Sachs maintained it with “Buy” rating and $17000 target in Thursday, July 13 report. The firm has “Market Perform” rating by BMO Capital Markets given on Friday, November 2.

Since November 19, 2018, it had 0 insider purchases, and 2 insider sales for $902,607 activity. KONDO CHRIS also sold $647,520 worth of Apple Inc. (NASDAQ:AAPL) shares.

Investors sentiment decreased to 0.67 in 2018 Q3. Its down 0.04, from 0.71 in 2018Q2. It dropped, as 54 investors sold AAPL shares while 1030 reduced holdings. 151 funds opened positions while 577 raised stakes. 2.68 billion shares or 3.22% less from 2.77 billion shares in 2018Q2 were reported. Corda Inv Mngmt Ltd Limited Liability Company invested 0.76% of its portfolio in Apple Inc. (NASDAQ:AAPL). Stonebridge Mgmt, California-based fund reported 52,841 shares. Financial Counselors reported 279,226 shares or 2.76% of all its holdings. Jacobs Levy Equity Management stated it has 527,156 shares or 1.69% of all its holdings. Fernwood Investment Management Lc holds 0.95% or 7,927 shares in its portfolio. Brown Advisory reported 1.24% of its portfolio in Apple Inc. (NASDAQ:AAPL). Thomasville Bank & Trust holds 105,914 shares. Saturna Capital Corp holds 4% or 608,394 shares. Hardman Johnston Global Llc invested 1.23% in Apple Inc. (NASDAQ:AAPL). Gator Cap Management Ltd Liability owns 1.01% invested in Apple Inc. (NASDAQ:AAPL) for 4,304 shares. Cibc World Markets Corp owns 1.61M shares. Ing Groep Nv invested in 6.23% or 1.60 million shares. The Ontario – Canada-based Kj Harrison Prtn has invested 3.26% in Apple Inc. (NASDAQ:AAPL). Annex Advisory Svcs Ltd Liability holds 28,853 shares. 154,000 are held by Cincinnati Insur Co.

Among 40 analysts covering Schlumberger Limited. (NYSE:SLB), 30 have Buy rating, 1 Sell and 9 Hold. Therefore 75% are positive. Schlumberger Limited. had 164 analyst reports since July 22, 2015 according to SRatingsIntel. On Monday, January 25 the stock rating was maintained by Oppenheimer with “Outperform”. On Monday, April 23 the stock rating was maintained by SunTrust with “Buy”. The rating was downgraded by JP Morgan on Tuesday, December 11 to “Neutral”. As per Friday, July 7, the company rating was maintained by Cowen & Co. The rating was maintained by Citigroup with “Buy” on Monday, October 5. Wells Fargo maintained the stock with “Buy” rating in Friday, October 20 report. The firm has “Buy” rating by Citigroup given on Wednesday, October 25. The stock of Schlumberger Limited (NYSE:SLB) earned “Outperform” rating by Bernstein on Thursday, July 6. The firm has “Neutral” rating by Macquarie Research given on Wednesday, September 9. Barclays Capital maintained the stock with “Equal-Weight” rating in Wednesday, October 25 report.

Since September 6, 2018, it had 2 buys, and 2 selling transactions for $3.20 million activity. AYAT SIMON also sold $3.40 million worth of Schlumberger Limited (NYSE:SLB) on Monday, September 24. Le Peuch Olivier sold $660,000 worth of stock. On Thursday, December 20 Schorn Patrick bought $375,500 worth of Schlumberger Limited (NYSE:SLB) or 10,000 shares.

Matrix Asset Advisors Inc, which manages about $977.80M and $626.90 million US Long portfolio, decreased its stake in Merck & Co Inc (NYSE:MRK) by 35,411 shares to 141,949 shares, valued at $10.07 million in 2018Q3, according to the filing. It also reduced its holding in Pfizer Inc (NYSE:PFE) by 14,791 shares in the quarter, leaving it with 233,898 shares, and cut its stake in Zimmer Biomet Hldgs Inc (ZMH).

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart