JGP Wealth Management LLC Lowers Position in Waste Management, Inc. (WM)

[ad_1]

JGP Wealth Management LLC trimmed its holdings in shares of Waste Management, Inc. (NYSE:WM) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,411 shares of the business services provider’s stock after selling 163 shares during the period. JGP Wealth Management LLC’s holdings in Waste Management were worth $1,015,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC lifted its stake in Waste Management by 11.1% in the 2nd quarter. FMR LLC now owns 351,668 shares of the business services provider’s stock worth $28,604,000 after acquiring an additional 35,032 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Waste Management by 1,583.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,618 shares of the business services provider’s stock valued at $701,000 after buying an additional 8,106 shares during the last quarter. Argent Trust Co grew its holdings in shares of Waste Management by 15.2% during the 2nd quarter. Argent Trust Co now owns 4,845 shares of the business services provider’s stock worth $394,000 after purchasing an additional 640 shares in the last quarter. Glenmede Trust Co. NA grew its holdings in shares of Waste Management by 1.8% during the 2nd quarter. Glenmede Trust Co. NA now owns 46,277 shares of the business services provider’s stock worth $3,765,000 after purchasing an additional 826 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of Waste Management by 97.0% during the 2nd quarter. Schroder Investment Management Group now owns 210,343 shares of the business services provider’s stock worth $16,990,000 after purchasing an additional 103,546 shares in the last quarter. 74.75% of the stock is currently owned by institutional investors.

Shares of WM stock traded up $0.68 during mid-day trading on Friday, hitting $95.09. The company’s stock had a trading volume of 173,857 shares, compared to its average volume of 2,012,776. Waste Management, Inc. has a 52 week low of $78.39 and a 52 week high of $95.49. The company has a current ratio of 0.87, a quick ratio of 0.84 and a debt-to-equity ratio of 1.53. The firm has a market cap of $40.45 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 1.74 and a beta of 0.65.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Thursday, October 25th. The business services provider reported $1.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.04. Waste Management had a return on equity of 27.93% and a net margin of 15.60%. The firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. On average, analysts forecast that Waste Management, Inc. will post 4.14 earnings per share for the current year.

Waste Management announced that its Board of Directors has approved a stock buyback plan on Thursday, December 13th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the business services provider to repurchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

A number of equities research analysts have recently weighed in on the company. Raymond James restated a “buy” rating on shares of Waste Management in a research report on Monday, October 29th. UBS Group upgraded Waste Management from a “neutral” rating to a “buy” rating and upped their target price for the stock from $90.00 to $103.00 in a report on Thursday, January 10th. Oppenheimer reiterated a “buy” rating and set a $95.00 target price on shares of Waste Management in a report on Thursday, October 25th. Goldman Sachs Group upgraded Waste Management from a “sell” rating to a “buy” rating and upped their target price for the stock from $84.00 to $107.00 in a report on Tuesday, December 4th. Finally, Zacks Investment Research upgraded Waste Management from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a report on Friday, December 14th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Waste Management has an average rating of “Buy” and an average price target of $98.67.

In other news, VP Jeff M. Harris sold 24,500 shares of the firm’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $90.00, for a total value of $2,205,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Devina A. Rankin sold 8,107 shares of the firm’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $94.41, for a total value of $765,381.87. Following the completion of the sale, the chief financial officer now owns 21,373 shares of the company’s stock, valued at $2,017,824.93. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,972 shares of company stock valued at $3,004,338. 0.30% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION WARNING: “JGP Wealth Management LLC Lowers Position in Waste Management, Inc. (WM)” was originally posted by Fairfield Current and is the sole property of of Fairfield Current. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this report can be accessed at https://www.fairfieldcurrent.com/news/2019/01/25/jgp-wealth-management-llc-trims-stake-in-waste-management-inc-wm.html.

Waste Management Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

Featured Article: Do closed-end mutual funds pay dividends?

Institutional Ownership by Quarter for Waste Management (NYSE:WM)

Receive News & Ratings for Waste Management Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Waste Management and related companies with MarketBeat.com’s FREE daily email newsletter.

[ad_2]

Source link

Highwater Wealth Management LLC Invests $134,000 in U.S. Bancorp (NYSE:USB)

[ad_1]

Highwater Wealth Management LLC bought a new position in U.S. Bancorp (NYSE:USB) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 2,538 shares of the financial services provider’s stock, valued at approximately $134,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of USB. First Citizens Bank & Trust Co. boosted its stake in U.S. Bancorp by 3.4% during the fourth quarter. First Citizens Bank & Trust Co. now owns 7,369 shares of the financial services provider’s stock valued at $337,000 after buying an additional 241 shares during the period. Vision Capital Management Inc. boosted its stake in U.S. Bancorp by 2.3% during the fourth quarter. Vision Capital Management Inc. now owns 13,305 shares of the financial services provider’s stock valued at $608,000 after buying an additional 295 shares during the period. Meristem Family Wealth LLC boosted its stake in U.S. Bancorp by 0.3% during the third quarter. Meristem Family Wealth LLC now owns 144,286 shares of the financial services provider’s stock valued at $7,620,000 after buying an additional 400 shares during the period. Cohen Lawrence B boosted its stake in U.S. Bancorp by 0.7% during the fourth quarter. Cohen Lawrence B now owns 78,456 shares of the financial services provider’s stock valued at $3,585,000 after buying an additional 544 shares during the period. Finally, Curbstone Financial Management Corp boosted its stake in U.S. Bancorp by 1.4% during the fourth quarter. Curbstone Financial Management Corp now owns 43,550 shares of the financial services provider’s stock valued at $1,990,000 after buying an additional 600 shares during the period. 75.16% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on USB shares. Zacks Investment Research raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Friday, October 12th. Deutsche Bank lowered U.S. Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, November 26th. UBS Group set a $56.00 price target on U.S. Bancorp and gave the stock a “hold” rating in a research note on Monday, October 22nd. Citigroup lowered U.S. Bancorp from a “buy” rating to a “neutral” rating in a research note on Friday, November 2nd. Finally, Oppenheimer raised U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $62.00 price target for the company in a research note on Thursday, October 18th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $58.78.

Shares of USB stock traded up $0.33 during midday trading on Friday, reaching $51.22. 99,073 shares of the stock were exchanged, compared to its average volume of 8,079,400. U.S. Bancorp has a 1 year low of $43.14 and a 1 year high of $58.50. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $81.03 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 1.54 and a beta of 1.02.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.73 billion. U.S. Bancorp had a return on equity of 15.64% and a net margin of 27.53%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 EPS. Sell-side analysts forecast that U.S. Bancorp will post 4.35 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, December 28th. This represents a $1.48 annualized dividend and a yield of 2.89%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 36.10%.

In related news, Vice Chairman John R. Elmore sold 19,418 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $53.59, for a total value of $1,040,610.62. Following the transaction, the insider now directly owns 78,953 shares of the company’s stock, valued at approximately $4,231,091.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Andrew Cecere sold 183,374 shares of the company’s stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $52.95, for a total value of $9,709,653.30. Following the completion of the transaction, the chairman now directly owns 892,517 shares in the company, valued at $47,258,775.15. The disclosure for this sale can be found here. Insiders sold a total of 220,041 shares of company stock worth $11,672,926 over the last ninety days. 0.43% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY WARNING: “Highwater Wealth Management LLC Invests $134,000 in U.S. Bancorp (NYSE:USB)” was published by Fairfield Current and is owned by of Fairfield Current. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and international trademark & copyright law. The original version of this piece can be accessed at https://www.fairfieldcurrent.com/news/2019/01/25/highwater-wealth-management-llc-purchases-new-stake-in-u-s-bancorp-usb.html.

About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

Recommended Story: How a Back-End Load Mutual Fund Works

Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

Receive News & Ratings for U.S. Bancorp Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for U.S. Bancorp and related companies with MarketBeat.com’s FREE daily email newsletter.

[ad_2]

Source link

VANGUARD S&P 500 VALUE ETF (VOOV) Shares Bought by Altium Wealth Management LLC

[ad_1]

Altium Wealth Management LLC raised its position in VANGUARD S&P 500 VALUE ETF (BMV:VOOV) by 304.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 190,053 shares of the company’s stock after acquiring an additional 143,007 shares during the period. VANGUARD S&P 500 VALUE ETF makes up about 3.5% of Altium Wealth Management LLC’s holdings, making the stock its 6th largest position. Altium Wealth Management LLC’s holdings in VANGUARD S&P 500 VALUE ETF were worth $18,543,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Private Advisor Group LLC lifted its holdings in VANGUARD S&P 500 VALUE ETF by 116.0% during the third quarter. Private Advisor Group LLC now owns 31,312 shares of the company’s stock worth $3,498,000 after acquiring an additional 16,814 shares during the period. Morgan Stanley lifted its holdings in VANGUARD S&P 500 VALUE ETF by 9.8% during the third quarter. Morgan Stanley now owns 149,367 shares of the company’s stock worth $16,687,000 after acquiring an additional 13,354 shares during the period. Envestnet Asset Management Inc. bought a new stake in VANGUARD S&P 500 VALUE ETF during the third quarter worth $1,235,000. Citadel Advisors LLC bought a new stake in VANGUARD S&P 500 VALUE ETF during the third quarter worth $1,081,000. Finally, Raymond James & Associates increased its position in VANGUARD S&P 500 VALUE ETF by 24.5% in the second quarter. Raymond James & Associates now owns 15,963 shares of the company’s stock worth $1,695,000 after buying an additional 3,141 shares during the last quarter.

VANGUARD S&P 500 VALUE ETF stock traded up $0.73 during midday trading on Friday, hitting $104.08. VANGUARD S&P 500 VALUE ETF has a 12 month low of $98.13 and a 12 month high of $116.72.

TRADEMARK VIOLATION NOTICE: “VANGUARD S&P 500 VALUE ETF (VOOV) Shares Bought by Altium Wealth Management LLC” was posted by Fairfield Current and is the property of of Fairfield Current. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.fairfieldcurrent.com/news/2019/01/25/altium-wealth-management-llc-acquires-143007-shares-of-vanguard-sp-500-value-etf-voov.html.

Read More: Average Daily Trade Volume Explained

Institutional Ownership by Quarter for VANGUARD S&P 500 VALUE ETF (BMV:VOOV)

Receive News & Ratings for VANGUARD S&P 500 VALUE ETF Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for VANGUARD S&P 500 VALUE ETF and related companies with MarketBeat.com’s FREE daily email newsletter.

[ad_2]

Source link

CMH Wealth Management LLC Has $2.57 Million Position in Vanguard Real Estate ETF (VNQ)

[ad_1]

CMH Wealth Management LLC lessened its holdings in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,482 shares of the exchange traded fund’s stock after selling 930 shares during the period. Vanguard Real Estate ETF comprises approximately 1.6% of CMH Wealth Management LLC’s holdings, making the stock its 22nd largest holding. CMH Wealth Management LLC’s holdings in Vanguard Real Estate ETF were worth $2,571,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Ipswich Investment Management Co. Inc. purchased a new position in Vanguard Real Estate ETF during the 4th quarter valued at about $106,000. Brown Brothers Harriman & Co. purchased a new position in Vanguard Real Estate ETF during the 3rd quarter valued at about $117,000. Massey Quick Simon & CO. LLC purchased a new position in Vanguard Real Estate ETF during the 3rd quarter valued at about $126,000. Mainstay Capital Management LLC ADV increased its holdings in Vanguard Real Estate ETF by 2,722.5% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 8,778 shares of the exchange traded fund’s stock valued at $129,000 after purchasing an additional 8,467 shares during the period. Finally, O Brien Wealth Partners LLC increased its holdings in Vanguard Real Estate ETF by 64.6% during the 3rd quarter. O Brien Wealth Partners LLC now owns 1,646 shares of the exchange traded fund’s stock valued at $133,000 after purchasing an additional 646 shares during the period.

Shares of VNQ stock traded up $0.78 during midday trading on Friday, reaching $80.25. 152,606 shares of the stock were exchanged, compared to its average volume of 7,259,208. Vanguard Real Estate ETF has a 1 year low of $71.08 and a 1 year high of $84.55.

TRADEMARK VIOLATION NOTICE: This piece of content was posted by Fairfield Current and is the property of of Fairfield Current. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://www.fairfieldcurrent.com/news/2019/01/25/cmh-wealth-management-llc-lowers-position-in-vanguard-real-estate-etf-vnq.html.

About Vanguard Real Estate ETF

Vanguard REIT ETF (the Fund) is an open-end investment company. The Fund invests in stocks issued by real estate investment trusts (REITs), companies that purchase office buildings, hotels, and other real property. It tracks the return of the MSCI US RIT Index, a gauge of real estate stocks. The Vanguard Group, Inc provides investment advisory services to the Fund.

Featured Story: Benefits of owning preferred stock

Institutional Ownership by Quarter for Vanguard Real Estate ETF (NYSEARCA:VNQ)

Receive News & Ratings for Vanguard Real Estate ETF Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Vanguard Real Estate ETF and related companies with MarketBeat.com’s FREE daily email newsletter.

[ad_2]

Source link

How to Achieve a Five-Hour “High-Impact” Day

[ad_1]

Years ago, I asked an advisor I was coaching: If you did everything you needed to do on a daily basis, what impact would it have on your income? His response? It would double.

I then asked him to outline his perfect day, and he listed six activities, which I call “fixed daily activities.” I asked him how long it would take him to complete his six activities, and he said he could have them all done by noon.

This advisor could double his income by doing what he already knew how to do and work only a half day? Yes, but it had to be a productive half day. I followed his progress for a few months, and he was true to his word—doing his six activities in a half day. Whether or not he doubled his business, I never audited the results, but my guess is that he was successful.

Many of today’s offices are unwittingly designed to sabotage productivity. Sure, you can attempt to close your door and time block, but with interruptions coming from all directions (assistants, advisors, management, wholesalers, clients, emails, family, friends, etc.), the odds are against you.

If you want to shorten your workday to a highly productive five hours, you’re going to have to become extremely organized, develop a laserlike focus that enables you to prioritize, and then execute and evaluate the new routine you’re developing. 

The following steps will get you started:

Step 1: Assess Your Current Day

  • Create a detailed outline of your current day. 
  • Identify wasted time. What was it that pulled you off track? Don’t judge or defend your actions—the idea is to become aware of your time wasters. 
  • Identify activities you’re involved with that could be delegated. The objective is to focus on $1,000/hour activities, those high-priority activities.
  • Identify the high-priority activities you were engaged with. How much time of your day did they require, and could they have been handled more efficiently?
  • Determine the $1,000/hour activities relevant to your goals.
  • Project the time required to complete your $1,000/hour activities.

You must commit to eliminating time wasters and determining to whom you will delegate and/or outsource those areas of responsibility that have been gobbling up blocks of your precious time.

Step 2: Prioritize

  • Create a priority “to-do” list ($1,000/hour activities) for each upcoming day.
  • Identify to whom, how, and when you will delegate non-$1,000/hour activities.

Step 3: Execute, Evaluate, Repeat

  • Execute Step 2 for two weeks.
  • Make necessary adjustments.
  • Conduct a second evaluation for two weeks.
  • Evaluate and make any necessary adjustments.

Most likely there will be a handful of adjustments to make, and then it’s another two weeks of execution and evaluation. At this stage you will be very close, if not spot-on, to your highly productive five-hour workday.

Tune out the naysayers. You’re going to have a lot of less-focused, time-wasting advisors who are going to be very envious of your productive five-hour day. They’ll likely try to get you to backslide into your old unproductive habits. Consider yourself forewarned.

Whether or not you double your income isn’t the point—it’s all about being focused on your goal, improving your daily productivity and working less.

Matt Oechsli is author of How to Build a 21st Century Financial Practice: Attracting, Servicing and Retaining Affluent Clientswww.oechsli.com

 

[ad_2]

Source link

Duke Energy Corp (NYSE:DUK) Shares Bought by Triangle Securities Wealth Management

[ad_1]

Triangle Securities Wealth Management lifted its position in shares of Duke Energy Corp (NYSE:DUK) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,533 shares of the utilities provider’s stock after purchasing an additional 1,023 shares during the quarter. Duke Energy accounts for approximately 1.4% of Triangle Securities Wealth Management’s portfolio, making the stock its 19th largest holding. Triangle Securities Wealth Management’s holdings in Duke Energy were worth $2,376,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC raised its stake in shares of Duke Energy by 28.5% during the second quarter. FMR LLC now owns 4,618,128 shares of the utilities provider’s stock worth $365,201,000 after purchasing an additional 1,023,646 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Duke Energy during the second quarter valued at $2,180,000. Bank of Nova Scotia boosted its stake in shares of Duke Energy by 8.9% during the second quarter. Bank of Nova Scotia now owns 214,138 shares of the utilities provider’s stock valued at $16,935,000 after acquiring an additional 17,490 shares during the last quarter. MAI Capital Management boosted its stake in shares of Duke Energy by 12.2% during the second quarter. MAI Capital Management now owns 6,994 shares of the utilities provider’s stock valued at $553,000 after acquiring an additional 759 shares during the last quarter. Finally, Schroder Investment Management Group boosted its stake in shares of Duke Energy by 11.3% during the second quarter. Schroder Investment Management Group now owns 368,628 shares of the utilities provider’s stock valued at $29,206,000 after acquiring an additional 37,353 shares during the last quarter. 59.41% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have issued reports on the company. Bank of America lowered Duke Energy from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $88.00 to $87.00 in a research note on Wednesday, January 9th. They noted that the move was a valuation call. Zacks Investment Research downgraded Duke Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. ValuEngine upgraded Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Barclays raised their price objective on Duke Energy from $86.00 to $88.00 and gave the stock a “hold” rating in a report on Monday, November 19th. Finally, Wells Fargo & Co cut their price objective on Duke Energy from $89.00 to $88.00 and set a “market perform” rating on the stock in a report on Monday, November 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $85.40.

NYSE DUK traded down $0.37 during mid-day trading on Friday, reaching $86.33. 631,705 shares of the company’s stock traded hands, compared to its average volume of 2,881,797. Duke Energy Corp has a 1-year low of $71.96 and a 1-year high of $91.35. The company has a quick ratio of 0.46, a current ratio of 0.68 and a debt-to-equity ratio of 1.17. The firm has a market cap of $61.03 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 3.47 and a beta of 0.04.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Friday, November 2nd. The utilities provider reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.12. The firm had revenue of $6.63 billion during the quarter, compared to analyst estimates of $6.59 billion. Duke Energy had a return on equity of 8.02% and a net margin of 11.98%. Duke Energy’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.59 EPS. On average, analysts anticipate that Duke Energy Corp will post 4.75 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, February 15th will be given a $0.9275 dividend. The ex-dividend date is Thursday, February 14th. This represents a $3.71 annualized dividend and a dividend yield of 4.30%. Duke Energy’s payout ratio is 81.18%.

TRADEMARK VIOLATION NOTICE: “Duke Energy Corp (NYSE:DUK) Shares Bought by Triangle Securities Wealth Management” was originally posted by Fairfield Current and is the sole property of of Fairfield Current. If you are accessing this article on another website, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this article can be viewed at https://www.fairfieldcurrent.com/news/2019/01/25/triangle-securities-wealth-management-increases-position-in-duke-energy-corp-duk.html.

Duke Energy Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

Featured Article: Depreciation

Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

Receive News & Ratings for Duke Energy Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Duke Energy and related companies with MarketBeat.com’s FREE daily email newsletter.

[ad_2]

Source link

Ameriprise wealth management solutions boss to retire

[ad_1]

Ameriprise Financial Services’ head of wealth management products and solutions, Sue Wilson-Perez, is to retire after 36 years in the industry

The firm appointed Greg Nordmeyer to take over from Wilson-Perez as executive vice president of the unit effective January 1.

Wilson-Perez will remain with the firm to consult on special projects and as needed through February until her departure, according to an Ameriprise spokeswoman. 

The spokeswoman said that in the role Nordmeyer ‘oversees the company’s brokerage, managed account and retirement products offerings, trading and related product support functions, as well as the firm’s investment research group.’

Nordmeyer reports to Joe Sweeney, president of advice and wealth management, products and service delivery. Part of his role includes overseeing the manager research team, led by vice president of manager research Michael Jastrow. 

According to an ADV filing, effective January 1 Nordmeyer also oversees the managed accounts program oversight committee, which hires non-affiliated portfolio strategists to recommend strategies and develop asset allocation models for portfolios.

Nordmeyer previously served as senior vice president of managed accounts, retirement plans and capital markets. He has been with Ameriprise for almost 30 years.

According to Brokercheck, Wilson-Perez has been with Ameriprise since 2012. Prior to that, she spent two years at Morgan Stanley Smith Barney from 2009 to 2012, three years at Citigroup Global Markets from 2005 to 2009, among other firms. She began her career in finance in 1983 with brokerage firm EF Hutton.

Minneapolis-based Ameriprise Financial has $875 billion in assets under management and administration, according to its website.

[ad_2]

Source link

FedEx Co. (FDX) Shares Bought by Northwest Wealth Management LLC

[ad_1]

Northwest Wealth Management LLC increased its holdings in FedEx Co. (NYSE:FDX) by 842.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 179 shares of the shipping service provider’s stock after buying an additional 160 shares during the period. Northwest Wealth Management LLC’s holdings in FedEx were worth $29,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FDX. FMR LLC boosted its holdings in FedEx by 4.5% in the 2nd quarter. FMR LLC now owns 4,582,932 shares of the shipping service provider’s stock worth $1,040,600,000 after buying an additional 197,188 shares during the period. Advisors Asset Management Inc. boosted its holdings in FedEx by 11.8% in the 2nd quarter. Advisors Asset Management Inc. now owns 113,739 shares of the shipping service provider’s stock worth $25,826,000 after buying an additional 11,984 shares during the period. Pensionfund Sabic bought a new position in FedEx in the 3rd quarter worth approximately $2,263,000. Pensionfund DSM Netherlands bought a new position in FedEx in the 3rd quarter worth approximately $3,130,000. Finally, New England Research & Management Inc. boosted its holdings in FedEx by 119.2% in the 3rd quarter. New England Research & Management Inc. now owns 4,275 shares of the shipping service provider’s stock worth $1,029,000 after buying an additional 2,325 shares during the period. 72.38% of the stock is owned by institutional investors.

Several brokerages have commented on FDX. Morgan Stanley set a $240.00 price target on shares of FedEx and gave the company a “hold” rating in a report on Monday, October 22nd. ValuEngine raised shares of FedEx from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 26th. Zacks Investment Research downgraded shares of FedEx from a “hold” rating to a “sell” rating in a report on Monday, November 26th. Citigroup cut their price target on shares of FedEx from $304.00 to $275.00 and set a “buy” rating for the company in a report on Friday, November 2nd. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $286.00 price target on shares of FedEx in a report on Friday, October 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seventeen have given a buy rating to the stock. FedEx presently has an average rating of “Buy” and a consensus price target of $237.75.

In related news, Director David P. Steiner acquired 7,000 shares of the company’s stock in a transaction dated Wednesday, January 2nd. The stock was bought at an average cost of $162.92 per share, with a total value of $1,140,440.00. Following the acquisition, the director now owns 25,994 shares of the company’s stock, valued at approximately $4,234,942.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.50% of the company’s stock.

NYSE FDX opened at $174.10 on Friday. FedEx Co. has a 52-week low of $150.94 and a 52-week high of $271.10. The company has a quick ratio of 1.36, a current ratio of 1.42 and a debt-to-equity ratio of 0.85. The firm has a market cap of $45.92 billion, a PE ratio of 11.37, a P/E/G ratio of 0.87 and a beta of 1.63.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Tuesday, December 18th. The shipping service provider reported $4.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.05 by ($0.02). FedEx had a return on equity of 24.11% and a net margin of 7.23%. The company had revenue of $17.82 billion for the quarter, compared to the consensus estimate of $17.71 billion. During the same period in the prior year, the firm posted $3.18 earnings per share. On average, equities analysts expect that FedEx Co. will post 15.92 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 2nd. Stockholders of record on Monday, December 10th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Friday, December 7th. FedEx’s dividend payout ratio is currently 16.98%.

ILLEGAL ACTIVITY WARNING: This piece was first reported by Fairfield Current and is the sole property of of Fairfield Current. If you are viewing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The legal version of this piece can be read at https://www.fairfieldcurrent.com/news/2019/01/25/fedex-co-fdx-shares-bought-by-northwest-wealth-management-llc.html.

FedEx Profile

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company’s FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.

See Also: Mutual Funds

Institutional Ownership by Quarter for FedEx (NYSE:FDX)

Receive News & Ratings for FedEx Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for FedEx and related companies with MarketBeat.com’s FREE daily email newsletter.

[ad_2]

Source link

Calamos Wealth Management LLC Buys 33,022 Shares of Capital One Financial Corp. (COF)

[ad_1]

Calamos Wealth Management LLC grew its stake in shares of Capital One Financial Corp. (NYSE:COF) by 345.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,578 shares of the financial services provider’s stock after purchasing an additional 33,022 shares during the quarter. Calamos Wealth Management LLC’s holdings in Capital One Financial were worth $3,218,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Capital One Financial by 1.2% during the third quarter. Vanguard Group Inc. now owns 34,504,061 shares of the financial services provider’s stock worth $3,275,469,000 after purchasing an additional 406,610 shares in the last quarter. Vanguard Group Inc lifted its stake in shares of Capital One Financial by 1.2% during the third quarter. Vanguard Group Inc now owns 34,504,061 shares of the financial services provider’s stock worth $3,275,469,000 after purchasing an additional 406,610 shares in the last quarter. Pzena Investment Management LLC lifted its stake in shares of Capital One Financial by 0.3% during the third quarter. Pzena Investment Management LLC now owns 5,454,942 shares of the financial services provider’s stock worth $517,838,000 after purchasing an additional 17,385 shares in the last quarter. Capital International Investors acquired a new position in shares of Capital One Financial during the third quarter worth about $259,357,000. Finally, Panagora Asset Management Inc. lifted its stake in shares of Capital One Financial by 81.0% during the third quarter. Panagora Asset Management Inc. now owns 2,266,047 shares of the financial services provider’s stock worth $215,116,000 after purchasing an additional 1,014,394 shares in the last quarter. Institutional investors own 88.03% of the company’s stock.

Several research analysts recently commented on COF shares. Zacks Investment Research upgraded Capital One Financial from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a research note on Wednesday, October 3rd. Wells Fargo & Co boosted their price target on Capital One Financial from $109.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, October 1st. Citigroup cut their price target on Capital One Financial from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, November 1st. ValuEngine cut Capital One Financial from a “hold” rating to a “sell” rating in a research note on Monday, October 22nd. Finally, BMO Capital Markets boosted their price target on Capital One Financial from $135.00 to $146.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $104.31.

Shares of NYSE COF opened at $80.18 on Friday. Capital One Financial Corp. has a 52-week low of $69.90 and a 52-week high of $105.90. The company has a market cap of $39.50 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 0.68 and a beta of 1.31. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 0.99.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, January 22nd. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.41 by ($0.54). Capital One Financial had a net margin of 18.58% and a return on equity of 11.15%. The firm had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the previous year, the company earned $1.59 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. As a group, equities research analysts predict that Capital One Financial Corp. will post 11.33 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This article was posted by Fairfield Current and is the property of of Fairfield Current. If you are accessing this article on another domain, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this article can be viewed at https://www.fairfieldcurrent.com/news/2019/01/25/calamos-wealth-management-llc-buys-33022-shares-of-capital-one-financial-corp-cof.html.

About Capital One Financial

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

Read More: What is a Derivative?

Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corp. (NYSE:COF).

Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

Receive News & Ratings for Capital One Financial Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Capital One Financial and related companies with MarketBeat.com’s FREE daily email newsletter.

[ad_2]

Source link

Stephen and Kevin Show Episode 70: Building a One-Page Business Plan

[ad_1]

“I didn’t have time to write a short letter, so I wrote a long one instead.” – Mark Twain

Most financial advisors have gone through the tedious exercise of writing a robust business plan. The problem? Often times, it ends up being a one-off exercise. Advisors spend more time planning than executing.

In Episode 70 of The Stephen and Kevin Show, we discuss how financial advisors can build a simple one-page business plan. There is brilliance in simplicity.

Download your copy of our business plan template for financial advisors: https://www.oechsli.com/businessplandownload

[ad_2]

Source link