Xerox Corp (XRX) Shareholder Icahn Carl C Has Trimmed Stake by $2.08 Billion

October 7, 2017 - By Marguerite Chambers

Investors sentiment decreased to 0.01 in Q2 2017. Its down 1.00, from 1.01 in 2017Q1. It is negative, as 403 investors sold XRX shares while 22 reduced holdings. 2 funds opened positions while 1 raised stakes. 29.05 million shares or 96.44% less from 815.80 million shares in 2017Q1 were reported. Wellington Shields & Company Llc owns 7,552 shares for 0.07% of their portfolio. Hanson Doremus Invest Mgmt has 0.5% invested in Xerox Corp (NYSE:XRX). Valueworks Limited Liability holds 133,982 shares. Cibc Mkts Corp has invested 0.16% in Xerox Corp (NYSE:XRX). Columbia Asset Mgmt has invested 0.08% of its portfolio in Xerox Corp (NYSE:XRX). Adirondack Rech & Management stated it has 16,883 shares. Altfest L J, a New York-based fund reported 8,297 shares. Focused Wealth Mgmt has 0.05% invested in Xerox Corp (NYSE:XRX) for 4,751 shares. Burney Com has invested 0.02% of its portfolio in Xerox Corp (NYSE:XRX). Polaris Cap Management Ltd invested 1.27% of its portfolio in Xerox Corp (NYSE:XRX). Teachers Retirement System Of The State Of Kentucky has invested 0.01% in Xerox Corp (NYSE:XRX). Pictet Asset Mgmt Ltd reported 698,592 shares. Fruth Management invested 0.17% of its portfolio in Xerox Corp (NYSE:XRX). Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 0.04% or 32,088 shares. Moreover, Boltwood Capital Mgmt has 0.23% invested in Xerox Corp (NYSE:XRX) for 11,983 shares.

Carl Icahn decreased its stake in Xerox Corp (XRX) by 75% based on its latest 2017Q2 regulatory filing with the SEC. Icahn Carl C sold 74.27 million shares as the company’s stock declined 5.91% while stock markets rallied. The hedge fund run by Carl Icahn held 24.76M shares of the business services company at the end of 2017Q2, valued at $711.28 million, down from 99.03M at the end of the previous reported quarter. Icahn Carl C who had been investing in Xerox Corp for a number of months, seems to be less bullish one the $8.34B market cap company. The stock decreased 0.33% or $0.11 on October 6, reaching $32.92. About 1.00M shares traded. Xerox Corp (NYSE:XRX) has risen 17.43% since October 7, 2016 and is uptrending. It has outperformed by 0.73% the S&P500.

Analysts expect Xerox Corp (NYSE:XRX) to report $0.79 EPS on October, 27.They anticipate $0.29 EPS change or 26.85 % from last quarter’s $1.08 EPS. XRX’s profit would be $200.14 million giving it 10.42 P/E if the $0.79 EPS is correct. After having $0.87 EPS previously, Xerox Corp’s analysts see -9.20 % EPS growth.

More recent Xerox Corp (NYSE:XRX) news were published by: which released: “Xerox’s Chief Investment Officer Retires” on October 02, 2017. Also published the news titled: “Former Xerox CEO Ursula Burns appointed to Uber board” on September 30, 2017.‘s news article titled: “100 jobs cut at US Xerox locations” with publication date: September 18, 2017 was also an interesting one.

Xerox Corp (NYSE:XRX) Ratings Coverage

Among 12 analysts covering Xerox Corporation (NYSE:XRX), 8 have Buy rating, 1 Sell and 3 Hold. Therefore 67% are positive. Xerox Corporation has $3900 highest and $8 lowest target. $26.89’s average target is -18.32% below currents $32.92 stock price. Xerox Corporation had 29 analyst reports since July 28, 2015 according to SRatingsIntel. On Tuesday, October 3 the stock rating was initiated by UBS with “Hold”. The stock of Xerox Corp (NYSE:XRX) earned “Hold” rating by Brean Capital on Tuesday, April 26. The firm has “Outperform” rating by Credit Suisse given on Wednesday, August 2. Credit Suisse maintained the shares of XRX in report on Monday, April 3 with “Buy” rating. The stock has “Buy” rating by TheStreet on Monday, August 17. On Wednesday, August 12 the stock rating was upgraded by Zacks to “Sell”. The firm earned “Overweight” rating on Saturday, August 29 by Piper Jaffray. The stock of Xerox Corp (NYSE:XRX) has “Buy” rating given on Tuesday, September 13 by SunTrust. The stock of Xerox Corp (NYSE:XRX) earned “Neutral” rating by Goldman Sachs on Tuesday, December 1. On Tuesday, April 26 the stock rating was maintained by JP Morgan with “Neutral”.

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