Snap's (SNAP) Hold Rating Reiterated at Canaccord Genuity

Inc. acquired a new stake in shares of Snap during the first quarter worth about $369,000. Adirondack Trust Co. now owns 624 shares of the company's stock valued at $105,000 after buying an additional 15 shares during the last quarter. TrimTabs Asset Management LLC raised its position in Snap-On by 88.4% in the first quarter. Finally, Dubuque Bank & Trust Co. acquired a new stake in shares of Snap during the second quarter worth about $137,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Snap by 654.0% in the second quarter. Suntrust Banks Inc. now owns 41,778 shares of the company's stock worth $742,000 after buying an additional 15,919 shares during the period.

As of quarter end Stevens Capital Management Lp had disposed of a total of 17,453 shares trimming its stake by 47.9%. Intrust Bank NA now owns 3,062 shares of the company's stock valued at $516,000 after buying an additional 23 shares in the last quarter. LLC increased its stake in Snap-On by 28.7% in the first quarter. Zevenbergen Capital Investments LLC now owns 85,750 shares of the company's stock valued at $1,524,000 after buying an additional 38,430 shares during the period.

$140,620 worth of Snap-on Incorporated (NYSE:SNA) shares were sold by JONES NATHAN J. Johnsen Constance sold $431,577 worth of Snap-on Incorporated (NYSE:SNA) on Wednesday, March 1. About 6,430 shares traded or 229.91% up from the average. The firm's market capitalization is $13.95 billion. The value of the investment in Snap-On Incorporated decreased from $5,572,000 to $3,934,000 decreasing 29.4% quarter over quarter.

Foster & Motley Inc. Has $794000 Stake in Western Union Company (The) (WU)
Finally, Integrated Investment Consultants LLC increased its stake in Western Union Company (The ) by 2.1% in the first quarter. Following the sale, the executive vice president now directly owns 129,650 shares of the company's stock, valued at $2,608,558.

The stock last traded at $153.41 barely below $154.25, the stock's 50 day moving average and which is significantly below the 200 day moving average of $164.40.

Snap (NYSE:SNAP) last announced its quarterly earnings data on Thursday, August 10th. The company reported ($2.31) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($2.05) by $0.26. Snap-On had a return on equity of 20.90% and a net margin of 16.22%. The business had revenue of $921.40 million during the quarter, compared to analyst estimates of $920.87 million. During the same quarter in the prior year, the firm earned $2.36 EPS. Analysts predict that Snap will post ($0.56) EPS for the current year. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued. Stockholders of record on Friday, August 18th will be given a dividend of $0.71 per share. The ex-dividend date is Wednesday, August 16th. The dividend payment will be $0.710 per share for the quarter which comes to $2.84 on an annualized basis. If you are viewing this report on another website, it was illegally stolen and reposted in violation of United States and global copyright and trademark legislation. The legal version of this report can be read at https://www.chaffeybreeze.com/2017/08/13/snap-inc-snap-stock-rating-reaffirmed-by-summit-redstone.html.

A number of analysts recently commented on SNA shares. Canaccord Genuity's price objective points to a potential upside of 26.80% from the company's previous close. Barclays PLC reiterated a "sell" rating on shares of Snap in a research note on Friday, April 14th. Wells Fargo & Company restated a "hold" rating on shares of Snap in a report on Friday. Drexel Hamilton reiterated a "buy" rating and set a $30.00 price target on shares of Snap in a research report on Wednesday. Finally, Oppenheimer Holdings, Inc. started coverage on shares of Snap-On in a research report on Tuesday, April 11th. Nine research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and fifteen have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $19.42. Bailard, Inc. cut its investment by selling 8,134 shares a decrease of 24.6% in the quarter. The shares were bought at an average cost of $152.58 per share, with a total value of $40,433.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ruth Ann M. Gillis acquired 265 shares of the firm's stock in a transaction on Friday, August 4th. MORENO JEANNE M sold $372,240 worth of stock or 2,200 shares. The disclosure for this purchase can be found here. Company insiders own 3.70% of the company's stock.

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