Everett Harris & Co Reports Major Stock Portfolio Changes

Portfolio update reveals significant stock moves by Everett Harris. A decrease in shares of $CMCSA and $AAPL could impact their stock prices, while increased holdings in $SHEL and $J may reflect positive sentiment.

Date: 25-01-2025

AI Rating: 5

Portfolio Actions: Implications for Investors

According to the report, Everett Harris & Co made notable adjustments to their stock portfolio as of December 31, 2024. This kind of activity can be significant for investors as it might influence stock prices based on market sentiment surrounding those companies.

The most substantial changes included:

A reduction of 176,226 shares of $CMCSA (~$6,613,762), accounting for a ~10% decrease from their previous holding. This may suggest a bearish outlook on Comcast, which could negatively impact its stock price as it indicates reduced confidence from a notable investor.
A decrease of 24,403 shares of $AAPL (~$6,110,999), equating to a ~1% drop. While relatively minor, this reduction could still influence market perceptions of Apple’s future performance.
Contrastingly, the addition of 81,025 shares of $SHEL (~$5,076,216) marked a significant ~35% increase, implying a positive outlook on Shell's growth prospects. Such a move may drive investor interest and potentially lead to an increase in Shell's stock price.
Further, an increase of 31,658 shares of $J (~$4,230,142), a ~31% raise, could suggest that Everett Harris sees potential in this company, likely stimulating market interest.
Also noteworthy is a decrease of 9,987 shares of $MSFT (~$4,209,520), a decline of ~1%, which might reflect a cautious approach toward Microsoft, albeit a minor adjustment.
Lastly, a significant reduction of 1,434,950 shares of $PFIE (~$3,644,773), a dramatic ~82% decrease, signals a strong negative sentiment on this investment, likely indicating severe worries about the company’s future.

These shifts in the portfolio could lead to volatility in stock prices and reflect broader market sentiments towards these companies.

Stocks: AAPL CMCSA MSFT PFIE SHEL J