Cim Has Decreased By $3.30 Million Its Starbucks (SBUX) Position; East West Bancorp (EWBC) Has 1.01 Sentiment

June 28, 2018 - By Shannon Black

East West Bancorp, Inc. (NASDAQ:EWBC) Logo

East West Bancorp Inc (EWBC) investors sentiment decreased to 1.01 in 2018 Q1. It’s down -0.21, from 1.22 in 2017Q4. The ratio worsened, as 165 active investment managers opened new or increased holdings, while 164 decreased and sold equity positions in East West Bancorp Inc. The active investment managers in our database now possess: 122.89 million shares, down from 124.03 million shares in 2017Q4. Also, the number of active investment managers holding East West Bancorp Inc in top ten holdings increased from 1 to 2 for an increase of 1. Sold All: 28 Reduced: 136 Increased: 119 New Position: 46.

Cim Llc decreased Starbucks Corp (SBUX) stake by 37.98% reported in 2018Q1 SEC filing. Cim Llc sold 57,927 shares as Starbucks Corp (SBUX)’s stock rose 1.31%. The Cim Llc holds 94,582 shares with $5.48M value, down from 152,509 last quarter. Starbucks Corp now has $68.78 billion valuation. The stock decreased 1.07% or $0.54 during the last trading session, reaching $49.84. About 13.47M shares traded or 35.16% up from the average. Starbucks Corporation (NASDAQ:SBUX) has declined 7.92% since June 28, 2017 and is downtrending. It has underperformed by 20.49% the S&P500. Some Historical SBUX News: 07/05/2018 – NESTLE CEO: OVERLAP OF SOME BUSINESSES WITH STARBUCKS TOLERATED; 22/03/2018 – Food Logistics: Starbucks Explores Use of Blockchain; 24/05/2018 – UZBEKISTAN TO OPEN STARBUCKS, MCDONALD’S NEAR TASHKENT: RIA; 22/05/2018 – Starbucks Wins the Cup for In-Store Mobile Payments, Apple in Second — Barron’s Blog; 07/05/2018 – NESTLE WILL SELL STARBUCKS PODS OUTSIDE NESPRESSO BOUTIQUES; 14/03/2018 – Yonhap News Agency: Starbucks posts record operating profit in Korea in 2017; 07/05/2018 – Nestle is getting the rights to market Starbucks’ products around the world outside the U.S. coffee company’s shops; 02/05/2018 – STARBUCKS SAYS TWO MEN CAN COMPLETE DEGREES W/ ITS COLLEGE PLAN; 08/03/2018 – SBUX: JAPAN COMP SALES `HAVE BEEN CHALLENGED’; 07/05/2018 – Nestle to pay Starbucks $7.15 bln in global coffee alliance

More notable recent Starbucks Corporation (NASDAQ:SBUX) news were published by: Seekingalpha.com which released: “What Type Of Stock Is Starbucks?” on June 27, 2018, also Seekingalpha.com with their article: “Starbucks Valuation: When To Catch This Falling Knife” published on June 26, 2018, Thestreet.com published: “3 Ways to Fix Starbucks Biggest Challenges” on June 20, 2018. More interesting news about Starbucks Corporation (NASDAQ:SBUX) were released by: Nasdaq.com and their article: “Starbucks Stores Closing: SBUX to Shutter 150 Locations in 2019” published on June 20, 2018 as well as Seekingalpha.com‘s news article titled: “Starbucks: 2.7% Yield And 20% Dividend Growth” with publication date: June 21, 2018.

Among 22 analysts covering Starbucks Corp (NASDAQ:SBUX), 11 have Buy rating, 0 Sell and 11 Hold. Therefore 50% are positive. Starbucks Corp has $72.0 highest and $55 lowest target. $62.61’s average target is 25.62% above currents $49.84 stock price. Starbucks Corp had 36 analyst reports since January 2, 2018 according to SRatingsIntel. The rating was downgraded by Telsey Advisory Group on Wednesday, June 20 to “Market Perform”. Robert W. Baird maintained Starbucks Corporation (NASDAQ:SBUX) on Tuesday, June 5 with “Outperform” rating. The stock of Starbucks Corporation (NASDAQ:SBUX) has “Hold” rating given on Tuesday, January 16 by Barclays Capital. The rating was downgraded by Cowen & Co to “Market Perform” on Friday, April 13. As per Thursday, June 21, the company rating was maintained by JP Morgan. On Friday, January 26 the stock rating was maintained by Oppenheimer with “Outperform”. As per Tuesday, June 26, the company rating was maintained by Jefferies. Mizuho maintained it with “Neutral” rating and $56 target in Wednesday, June 20 report. The firm has “Hold” rating given on Monday, January 29 by Bernstein. The firm has “Neutral” rating given on Thursday, March 29 by Wedbush.

Since January 31, 2018, it had 0 insider purchases, and 3 selling transactions for $13.62 million activity. On Monday, March 12 ULLMAN MYRON E III sold $740,851 worth of Starbucks Corporation (NASDAQ:SBUX) or 12,500 shares. Another trade for 162,826 shares valued at $9.28M was made by BURROWS CLIFFORD on Wednesday, January 31. The insider WEATHERUP CRAIG sold 59,838 shares worth $3.60M.

Analysts await Starbucks Corporation (NASDAQ:SBUX) to report earnings on July, 26. They expect $0.65 EPS, up 18.18% or $0.10 from last year’s $0.55 per share. SBUX’s profit will be $897.00 million for 19.17 P/E if the $0.65 EPS becomes a reality. After $0.53 actual EPS reported by Starbucks Corporation for the previous quarter, Wall Street now forecasts 22.64% EPS growth.

Investors sentiment decreased to 0.93 in Q1 2018. Its down 0.12, from 1.05 in 2017Q4. It worsened, as 61 investors sold SBUX shares while 485 reduced holdings. 118 funds opened positions while 391 raised stakes. 955.12 million shares or 2.87% less from 983.38 million shares in 2017Q4 were reported. Country Natl Bank invested 0% in Starbucks Corporation (NASDAQ:SBUX). Bowling Portfolio Mgmt Ltd Liability has invested 0.6% in Starbucks Corporation (NASDAQ:SBUX). Verition Fund Ltd reported 4,955 shares. Intersect Lc has 8,755 shares. Bessemer Grp owns 25,793 shares or 0.01% of their US portfolio. Cetera Advisor Ltd Liability holds 0.15% or 57,927 shares in its portfolio. London Of Virginia holds 0% in Starbucks Corporation (NASDAQ:SBUX) or 3,700 shares. Savings Bank Of Nova Scotia reported 549,089 shares. Bailard, a California-based fund reported 3,600 shares. Crawford Counsel Incorporated stated it has 0.02% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Sfe Inv Counsel holds 32,818 shares. Jp Marvel Invest Advisors Limited Liability Company holds 89,098 shares or 1.59% of its portfolio. Wade G W & Inc invested in 1.31% or 195,302 shares. Alley owns 87,120 shares or 1.73% of their US portfolio. Family Tru holds 75,140 shares.

The stock decreased 2.65% or $1.8 during the last trading session, reaching $66.08. About 599,412 shares traded. East West Bancorp, Inc. (EWBC) has risen 26.77% since June 28, 2017 and is uptrending. It has outperformed by 14.20% the S&P500. Some Historical EWBC News: 19/04/2018 – East West Bancorp 1Q EPS $1.28; 29/05/2018 – East West Bancorp Increases Quarterly Dividend By 15% To $0.23 Per Share; 19/04/2018 – EAST WEST BANCORP INC – OUTLOOK FOR 2018 CURRENTLY ASSUMES TWO ADDITIONAL FED FUNDS RATE INCREASES IN 2018: IN JUNE AND SEPTEMBER; 14/03/2018 – East West Bancorp Closes Below 50-Day Moving Average; 29/05/2018 – East West Bancorp Raises Dividend to 23c; 19/04/2018 – East West Bancorp Reaffirms Its Outlook for the Full Year 2018; 19/04/2018 – East West Bancorp 1Q Net $187.0M; 20/04/2018 – EAST WEST BANCORP INC EWBC.O : KBW RAISES TARGET PRICE TO $77 FROM $73; 19/04/2018 – East West Bancorp Closes Above 50-Day Moving Average; 05/04/2018 – EAST WEST BANK RECEIVES APPROVAL TO INCREASE AUTHORIZED CAPITAL

Another recent and important East West Bancorp, Inc. (NASDAQ:EWBC) news was published by Nasdaq.com which published an article titled: “3 Ways To Profit From The Dodd-Frank Reform” on June 27, 2018.

Analysts await East West Bancorp, Inc. (NASDAQ:EWBC) to report earnings on July, 19. They expect $1.08 earnings per share, up 33.33% or $0.27 from last year’s $0.81 per share. EWBC’s profit will be $156.46 million for 15.30 P/E if the $1.08 EPS becomes a reality. After $1.13 actual earnings per share reported by East West Bancorp, Inc. for the previous quarter, Wall Street now forecasts -4.42% negative EPS growth.

Since January 1, 0001, it had 0 insider purchases, and 34 selling transactions for $10.90 million activity.

Starbucks Corporation (NASDAQ:SBUX) Institutional Positions Chart