Learn more about in-home care options for your loved ones

Given the choice, most of us want to stay in our homes. Sometimes, people need help to remain at home. That's where Always Best Care Senior Services comes in.

Personal Care Consultation

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TESTIMONIALS

“I highly recommend Always Best Care for every aspect from the ones seeking care for a loved one or themselves, all the way to the ones seeking an opportunity to care for a senior. I personally worked for ABC, and throughout my years with them I had the pleasure of interacting with the seniors as well as with the amazing caregivers. From the stories of a much more simpler time in the elders life to the reasons from a caregiver wanting to truly care for the seniors. (Most reasons are personal to them that have impacted their life and heart). This is truly a caring company with exceptional professional staff. It's hard to find a company that demonstrates both of those traits....”

Christina H.
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TESTIMONIALS

“Always Best Care absolutely saved us when my father needed immediate assistance. Maria and team were extremely compassionate, responsive, informative and truly wanted us to feel comfortable with every small detail. The caretakers were all amazing and dependable. I truly cannot say enough positive things about the level of service provided by ABC as they helped us navigate this truly impossible time.”

Sascha B.
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TESTIMONIALS

“I cannot say enough good things about Always Best Care in the South Bay. I was lucky to be referred to ABC when my Father suddenly needed in-home care several years ago and I hired ABC again a few months ago when my friend needed in-home care. The learning curve is steep when a family member is no longer independent. Having reliable, caring and professional caregivers is invaluable in getting through these challenges. Hiring the caregivers from ABC allowed me to be the "daughter" again. I absolutely could not have cared for my beloved Father or my dear friend without ABC by my side!”

Marta P.
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TESTIMONIALS

“Always Best Care agency has been wonderful to work with. The caregivers they have provided to stay with my dear friend, who has dementia, have been outstanding. My husband, an MD, and I, an RN, have rather high standards and have found all of the caregivers to be professional, caring and extremely reliable (24/7 care in this case) They go above and beyond expectations. I have felt safe with the caregivers,as they are also down-to-earth; caring people. Dr. David Hart is the main point person in this family-run agency and he is not only a very caring person, he is extremely intelligent in his communication, yet very down-to earth at the same time. He is responsive to any issues that arise immediately…not only for the client, but also to his caregivers, who he genuinely cares about. That is perhaps why he attracts and retains such stellar employees, We feel very lucky to have found ABC Senior Care services. Ilene Watson, RN and Dr. Walter Watson,MD, Manhattan Beach, CA”

Ilene P.
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TESTIMONIALS

“The senior in-home care was top notch. The caregivers were caring, comforting, and always available even with our requested schedule changes. Definitely would recommend to others in our family.”

D H.
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TESTIMONIALS

“I attended the free family caregivers seminar presented by Dr. David Hart. The seminar was both informative and practical. Dr. Hart is very knowledgeable and practical as he cared for his grandmother with Alzheimers. He is an unusually caring person who is very approachable. I am grateful to know him and to know he is available whenever he might be needed.”

Ruth O.
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TESTIMONIALS

“Dr David Hart has given me security to know that I can do it. He has such a caring and approachable demeanor. I feel I can call on him at any time for help with either one of us. Thank heavens he came along in our lives.”

Laurie D.
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TESTIMONIALS

“My experience with ABC Senior Services has been uniformly positive, starting with participation in their Memory Club several years ago. My wife has Alzheimer's and the challenges are severe. ABC, notably Dr. David Hart, has been a terrific source of support and advice. They take the time to understand your individual needs and circumstances. This is a great resource for those of us in the South Bay.”

Joel T.
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TESTIMONIALS

“This is a long overdue review and endorsement of Always Best Care-Torrance. My family is forever grateful for all the care given to my father for more than four years. From our initial meeting with Carrie and David to selecting the most wonderful caregiver that was with Dad to the end of his days. The love and support from everyone at ABC was so appreciated especially during some very difficult times. May God bless you always - You are truly special angels. Thank you all!”

Don V.
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TESTIMONIALS

“I attended one of their monthly caregiver essentials workshop and found it incredibly informative. I now have a much better understanding of the disease progression, and have walked away with so many helpful resources. Attending made me aware that I do not have to struggle alone through this, there are support groups and resources available to assist me. Dr. David Hart is a compassionate person who is genuinely willing to help others navigate the path of caring for a loved one with dementia.”

RENEE B.
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TESTIMONIALS

“Carrie, David, and their team are terrific to work with. Carrie has been a lifesaver by helping us to quickly find a wonderful 24/7 board and care facility for our loved one who is suffering from both advanced dementia and a broken, severe arthritic neck. They have provided very capable temporary care givers to us to help with taking our loved one to doctor's appointments and during the time our loved one was being treated in the hospital. David has thoroughly educated us on all aspects of dementia and counseled the family members to help sort out their emotions during these difficult times. We strongly recommend Always Best Care South Bay to anyone needing advise, help, and services to find care facilities, care givers, and/or counseling.”

Raoul G.
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TESTIMONIALS

“From the moment I first spoke to Mark Wecker at Always Best Care, he was kind, caring and extremely knowledgeable. He made sure to ask all the right questions to help my siblings and me find the perfect place for our father who had very advanced Parkinson's Disease. He took us to places that fit the high quality we were looking for and in our budget range. Mark showed genuine concern for us and my father. And he helped us navigate through a challenging situation. We made a great decision based on his expert advice. Unfortunately, my father passed away before we could bring him to LA. But I will always be grateful for the detailed attention we received from Mark and Always Best Care.”

Batsheva F.
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TESTIMONIALS

“My son and I have received family counseling from Dr. Hart for nearly two years. We both suffer from PTSD, among other mental disabilities, and have been seen by a number of therapists over the years. We have found Dr. Hart’s care to be among the most helpful. He is kind, understanding, and patient. Rather than employing long term, traditional psychotherapy or other limited methods exclusively, he uses different approaches to break through a person’s natural resistance. He suggests interpretations of feelings and actions, asks questions that show real insight, and then gives practical and usually appropriate advice that can be accepted or discussed further. He has treated us with respect and even with a non-intrusive, kind of professional affection. We would recommend him to friends and family without hesitation.”

Andrew L.
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TESTIMONIALS

“I'm glad I attended Dr. Hart's caregiver support workshop which focused on Alzheimer's disease. I knew then Always Best Care would be the right agency to handle my Dad's care. From the beginning to the end the staff were professional and courteous. My dad unfortunately decided to end services because of his stubbornness. Mark was understanding and expressed his concern for my Dad's wellbeing. He didn't push for us to continue services. I would work with ABC again if my father agrees to resume services. They definitely have your loved ones best interest in mind.”

G S.
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TESTIMONIALS

“Experienced people, excellent service.”

Elsie M.
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TESTIMONIALS

“I HIGHLY RECOMMEND Dr. David Hart for your elder-care needs. Dr. Hart is an incredibly knowledgeable and caring person who helped our family beyond measure to provide the best level of care for our mother who has Alzheimer's Disease. We engaged Dr. Hart to 1) conduct his own periodic assessments of our mother; 2) create a forum for our broader family, including our mom, to communicate and ask questions; 3) provide training and resources; and 4) help our family evaluate and implement an interim and long-term care plan for our mother. DR. HART EXCEEDED OUR EXPECTATIONS ON EVERY LEVEL. Prior to meeting Dr. Hart we had received a lot of conflicting information and our broader family was experiencing a very high level of stress and frustration. Thankfully, after engaging with Dr. Hart for several months, our family became knowledgeable, we communicated well with each other, and we just implemented a long-term care plan that addresses all of our mom's needs and one that she really enjoys. DR. HART IS THE BEST AND HE TRULY CARES ABOUT HIS PATIENTS AND THE FAMILIES HE WORKS WITH. Thank you Dr. Hart for all of you have done for our family. Words cannot express our gratitude.”

chris B.
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TESTIMONIALS

“Dr Hart knows so much about dealing with issues that Alzheimer's creates for those who have the disease as well as those of us who are caretakers.”

Kaye T.
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TESTIMONIALS

“Best in home care company in the South Bay & LA”

Michelle P.
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TESTIMONIALS

“Mark Wecker provided us with invaluable help both in terms of finding appropriate board &scare homes for our loved one, and explaining how this whole senior placement business works. It turns out we were quite naïve about it being a "service" as it is very territorial! That made us all the more impressed with Mark's unselfish and caring approach to helping us meet our needs. He also took time to really listen to our criteria, asked great questions when he accompanied us to look at the homes, and only showed us places that met our standards. We recommend him highly to anyone!”

Ramona P.
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TESTIMONIALS

““ I have been very happy with the excellent professional and loving care services ABC has provided for Kathleen who suffers from Alzheimer’s Dementia and the Andreoli family who cares for her. ABC is a full service provider that has also offered free seminars, consultation and information to me and my daughter who are Kathleen’s primary care takers. These have helped us greatly in this daunting task. THANK YOU – Leo Andreoli, Torrance, CA””

Leo A.
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TESTIMONIALS

“My widowed 80-year-old mother who has Alzheimer's disease has been living alone for 3 years. She has been extremely resistant to having caregivers in her home and my brother and I had all but given up. We have been amazed at the progress we've made since enlisting the help of Dr. David Hart at Always Best Care. In a little over a month, Mom has accepted a caregiver and is considering a move to an assisted living facility. Equally important, the support and assistance we have received in making both large and small decisions has been invaluable and a huge relief. I also highly recommend the Caregiving Essentials class taught by Dr. Hart, which covers everything you need to know in a single 3-1/2 hour "bootcamp" session, including brain science, communication tips, and resources. (GPS shoe insert, who knew?!) The class would benefit anyone who has a friend or family member suffering from dementia.”

Linda S.
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TESTIMONIALS

“I want to express how helpful Mark Wecker was to me and my family as we were looking for a place for my father to live. We needed to quickly move him from Kansas City to Los Angeles. Mark spent time with us to hear our needs and then appropriately guide us through this new challenging stage in our lives. His advice and dedicated time was so valuable and personable to us, I don't how we would have managed without him. Thank you again, Mark!”

David H.
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TESTIMONIALS

“Thankful and grateful don’t seem quite good enough to express how I feel about Always Best Care South Bay and all the good work they do. They offer a support group run by Dr. David Hart. That group was my lifeline while I was caring for my husband. When it came time to place him in a memory care facility, they assisted me with that decision also. Dr. Hart and his team are extremely knowledgeable, always professional but most of all genuinely caring.”

Ann W.
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TESTIMONIALS

“The attitude and professionalism of the management of a company is especially important in the field of elder care. I can think of no better way to express my experience with Always Best Care then to say the management and their hands on approach with the care givers they hire is 5 stars”

John D.
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TESTIMONIALS

“Its always a pleasure working with a team that has their hearts and minds on the patient’s wellbeing. ABC is the way to go.”

David S.
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TESTIMONIALS

“Always best care saved my life they have a great staff ready to assist 24/7 always available and reliable I highly recommend Always best care.”

Jennifer B.
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TESTIMONIALS

“This company is very professional. All the staff is very experenced. They provide top notch care..The caregivers are also so professional on time and experenced.”

Christina 3.
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TESTIMONIALS

“Very professional staff. Also my caregiver was awesome”

Atom F.
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TESTIMONIALS

“Best In Home Care Company in the Southbay”

mpalacio
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TESTIMONIALS

“Helpful, compassionate, and always available to assist. I appreciate Always Best Care so much!”

ashaon
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TESTIMONIALS

“The staff are friendly and professional every step of the way.”

JG B.
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TESTIMONIALS

“Mark Wecker provided us with invaluable help both in terms of finding appropriate board &scare homes for our loved one, and explaining how this whole senior placement business works. It turns out we were quite naïve about it being a "service" as it is very territorial! That made us all the more impressed with Mark's unselfish and caring approach to helping us meet our needs. He also took time to really listen to our criteria, asked great questions when he accompanied us to look at the homes, and only showed us places that met our standards. We recommend him highly to anyone!”

Jack P.
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TESTIMONIALS

“Dr. Hart has been of monumental assistance to our family during a very difficult time. We first learned of Dr. David’s practice when mom was first diagnosed with mild cognitive impairment (MCI). His support groups for families and patients offered comfort and practical advice from others going through the same experience. He provided essential information—facts about dementia and lifestyle changes to slow the process—based on the latest research findings, sparing us the time and frustration of navigating the web and sorting facts from myths. But most important to me has been the emotional support Dr. David has personally provided to my sister and I, and the trusting relationship he established with mom. His professional empathy and experience with human behavior as well as his expertise in the field of geriatrics and cognition combine to provide an array of servicesthat will truly make the difference toward a successful transition for elders and their families. I could not recommend Dr. Hart more highly!”

Eileen S.
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TESTIMONIALS

“Over the last five years always best care has provided Home Care to several of my patients. I appreciate their case management did they include with their service. The patients and families have been very happy with the caregivers. Several have been able to take advantage of the driving service. I have referred numerous people to their caregiving course that is offered monthly.”

nancy G.
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TESTIMONIALS

“I want to let you know how fortunate I feel that our lives intersected with your company and with those who work there. When I realized that we would be needing a company that provided caring care-providing services, I was hoping and praying that I would find a company like yours. We could not have asked for better with the service Always Best Care provided. Even when the chemistry and/or the timing wasn't quite right, adjustments were made and reasonably so. Carrie, that introductory talk you and I first had and why you started ABC -- I want to let you know that what you created and why you created it is evident. Some of Dad's caregivers go the extra mile and above and beyond and really give of themselves. They are really top notch people. I have heartfelt gratitude for your company and for your employees who cared for my dad during our time of need. Thank you not only for providing the service that your company does, but also and in particular, for the high quality of the service that some of your employees provided.”

Ky S.
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TESTIMONIALS

“I am so very fortunate to be a part of a professional, caring and supportive company. We are all family here trying our very best to be a family for all the clients we work with. Our caregivers and staff try our best to help those families in need live a peacefully, fulfilling and loving life. If you want to have a dependable, reliable and gratifying career come and work with Always Best Care South Bay!!”

Julie M.
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TESTIMONIALS

“I've worked for four agencies over the last 16 years but this is the best by far! Personable, supportive, compassionate, knowledgeable, and the greatest staff!”

Debora A.
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TESTIMONIALS

“Great place to work”

Ruby J.
 In-Home Care Beverly Hills, CA

How does In-home Senior Care in Beverly Hills, CA work?

Home is where the heart is. While that saying can sound a tad cliche, it's especially true for many seniors living in America. When given a choice, older adults most often prefer to grow older at home. An AARP study found that three out of four adults over the age of 50 want to stay in their homes and communities as they age. When you begin to think about why, it makes sense. Home offers a sense of security, comfort, and familiarity.

The truth is, as we age, we begin to rely on others for help. When a family is too busy or lives too far away to fulfill this role, in-home senior care is often the best solution. Home care services allow seniors to enjoy personal independence while also receiving trustworthy assistance from a trained caregiver.

At Always Best Care, we offer a comprehensive range of home care services to help seniors stay healthy while they get the help they need to remain independent. As your senior loved one ages, giving them the gift of senior care is one of the best ways to show your love, even if you live far away.

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 Senior Care Beverly Hills, CA

Aging in Place: The Preferred Choice for Most Seniors

While it's true that some seniors have complicated medical needs that prevent them from staying at home, aging in place is often the best arrangement for seniors and their families. With a trusted caregiver, seniors have the opportunity to live with a sense of dignity and do so as they see fit.

In-home care makes it possible for millions of seniors to age in place every year. Rather than moving to a unfamiliar assisted living community, seniors have the chance to stay at home where they feel the happiest and most comfortable.

Here are just a few of the reasons why older men and women prefer to age at home:

Comfort
Comfort

How much does a senior's home truly mean to them? A study published by the American Society on Aging found that more than half of seniors say their home's emotional value means more than how much their home is worth in monetary value. It stands to reason, that a senior's home is where they want to grow old. With the help of elderly care in Beverly Hills, CA, seniors don't have to age in a sterilized care facility. Instead, they can age gracefully in the place they want to be most: their home. In contrast, seniors who move to a long-term care facility must adapt to new environments, new people, and new systems that the facility implements. At this stage in life, this kind of drastic change can be more harmful than helpful.

Healthy Living
Healthy Living

Institutional care facilities like nursing homes often put large groups of people together to live in one location. On any given day, dozens of staff members and caregivers run in and out of these facilities. Being around so many new people in a relatively small living environment can be dangerous for a seniors' health and wellbeing. When you consider that thousands of seniors passed away in nursing homes during the COVID-19 pandemic, opting for in-home care is often a safer, healthier choice for seniors. Aging in place has been shown to improve seniors' quality of life, which helps boost physical health and also helps insulate them from viral and bacterial risks found in elderly living facilities.

Independence
Independence

For many seniors, the ability to live independently with assistance from a caregiver is a priceless option. With in-home care, seniors experience a higher level of independence and freedom - much more so than in other settings like an assisted living community. When a senior has the chance to age in place, they get to live life on their own terms, inside the house that they helped make into a home. More independence means more control over their personal lives, too, which leads to increased levels of fulfillment, happiness, and personal gratification. Over time, these positive feelings can manifest into a healthier, longer life.

Cost and Convenience
Cost and Convenience

More independence, a healthier life, and increased comfort are only a few benefits of aging in place. You have to take into consideration the role of cost and convenience. Simply put, it's usually easier to help seniors age in place than it is to move them into an institutional care facility. In-home care services from Always Best Care, for instance, can be less expensive than long-term solutions, which can cost upwards of six figures per year. To make matters worse, many residential care facilities are reluctant to accept long-term care insurance and other types of payment assistance.

With Always Best Care's home care services, seniors and their families have a greater level of control over their care plans. In-home care in Beverly Hills, CA gives seniors the chance to form a bond with a trusted caregiver and also receive unmatched care that is catered to their needs. In long-term care facilities, seniors and their loved ones have much less control over their care plan and have less of a say in who provides their care.

Empowers Seniors

Affordable Care Plans

In-home care is a valuable resource that empowers seniors to age in place on their own terms. However, a big concern for many families and their loved ones is how much in-home care costs. If you're worried that in-home care is too expensive, you may be pleasantly surprised to learn that it is one of the most affordable senior care arrangements available.

Typically, hiring an Always Best Care in-home caregiver for a few hours a week is more affordable than sending your loved one to a long-term care facility. This is true even for seniors with more complex care needs.

At Always Best Care, we will work closely with you and your family to develop a Care Plan that not only meets your care needs, but your budget requirements, too. Once we discover the level of care that you or your senior need, we develop an in-home care plan that you can afford.

In addition to our flexible care options, families should also consider the following resources to help offset potential home care costs:

Veteran's Benefits
Veteran's Benefits

Attendance and aid benefits through military service can cover a portion of the costs associated with in-home care for veterans and their spouses.

Long-Term Care Insurance
Long-Term Care Insurance

Many senior care services like in-home care are included in long-term care insurance options. Research different long-term care solutions to find a plan that provides coverage for senior care.

Private Insurance
Private Insurance

Home care can be included as part of a senior's private insurance plan. Read over your loved one's insurance policy carefully or speak with their insurance provider to determine if in-home care is covered.

Life Insurance
Life Insurance

Depending on the life insurance plan, you may be able to apply your policy toward long-term care. You may be able to use long-term-care coverage to help pay for in-home elderly care.


Respite Care Beverly Hills, CA

During your Care Plan consultation with Always Best Care, your Care Coordinator will speak with you about in-home care costs and what options there may be to help meet your budget needs.

Compassionate Care. Trusted Caregivers

When you or your senior loved one needs assistance managing daily tasks at home, finding a qualified caregiver can be challenging. It takes a special kind of person to provide reliable care for your senior loved one. However, a caregiver's role involves more than meal preparation and medication reminders. Many seniors rely on their caregivers for companionship, too.

Our companion care services give seniors the chance to socialize in a safe environment and engage in activities at home. These important efforts boost morale and provide much-needed relief from repetitive daily routines. A one-on-one, engaging conversation can sharpen seniors' minds and give them something in which to be excited.

At Always Best Care, we only hire care providers that we would trust to care for our own loved ones. Our senior caregivers in Beverly Hills,CA understand how important it is to listen and communicate with their seniors. A seemingly small interaction, like a short hug goodbye, can make a major difference in a senior's day. Instead of battling against feelings of isolation, seniors begin to look forward to seeing their caregiver each week.

Understanding the nuances of senior care is just one of the reasons why our care providers are so great at their job.

Unlike some senior care companies, our caregivers must undergo extensive training before they work for Always Best Care. In addition, our caregivers receive ongoing training throughout the year. This training ensures that their standard of care matches up to the high standards we've come to expect. During this training, they will brush up on their communication skills, safety awareness, and symptom spotting. That way, your loved one receives the highest level of non-medical home care from day one.

 Caregivers Beverly Hills, CA

Taking the First Step with Always Best Care

The first step in getting quality in-home care starts with a personal consultation with an experienced Care Coordinator. This initial consultation is crucial for our team to learn more about you or your elderly loved one to discover the level of care required. Topics of this consultation typically include:

An assessment of your senior loved one

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An in-depth discussion of the needs of your senior loved one to remain in their own home

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Reviewing a detailed Care Plan that will meet your senior loved one's needs

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Our caregivers are trained to spot changes that clients exhibit, like mental and physical decline. As your trusted senior care company, we will constantly assess and update your Care Plan to meet any new emotional, intellectual, physical, and emotional needs.

If you have never considered in-home care before, we understand that you and your family may have concerns about your Care Plan and its Care Coordinator. To help give you peace of mind, know that every team member and caregiver must undergo comprehensive training before being assigned to a Care Plan.

When you're ready, we encourage you to contact your local Always Best Care representative to set up a Care Consultation. Our Care Coordinators would be happy to meet with you in person to get to know you better, discuss your needs, and help put together a personalized Care Plan specific to your needs.

Latest News in Beverly Hills, CA

Beverly Hills Private Wealth LLC Invests in iShares Short Treasury Bond ETF (NASDAQ: SHV) to Navigate Economic Uncertainty

Beverly Hills Private Wealth LLC Invests in iShares Short Treasury Bond ETF (NASDAQ: SHV) Amidst Shifting Economic LandscapePublication Date: July 31, 2023In a surprising move amidst the ever-evolving financial landscape, Beverly Hills Private Wealth LLC has acquired a new stake in the iShares Short Treasury Bond Exchange-Traded Fund (ETF) during the first quarter of this year. This comes as no surprise, given the growing interest in secure investment options amid economic uncertainty. The acquisition sees Beverly Hills Private...

Beverly Hills Private Wealth LLC Invests in iShares Short Treasury Bond ETF (NASDAQ: SHV) Amidst Shifting Economic Landscape

Publication Date: July 31, 2023

In a surprising move amidst the ever-evolving financial landscape, Beverly Hills Private Wealth LLC has acquired a new stake in the iShares Short Treasury Bond Exchange-Traded Fund (ETF) during the first quarter of this year. This comes as no surprise, given the growing interest in secure investment options amid economic uncertainty. The acquisition sees Beverly Hills Private Wealth LLC’s commitment to diversify its investment portfolio and secure substantial returns while mitigating risks.

Beverly Hills Private Wealth LLC’s Strategic Purchase:

According to their recent disclosure to the Securities & Exchange Commission (SEC), Beverly Hills Private Wealth LLC invested $1,006,000 to purchase 9,100 shares of the iShares Short Treasury Bond ETF (NASDAQ: SHV). Clearly recognizing the opportunities and benefits that come with investing in this security, this move demonstrates their confidence in the potential stability and appreciation of short-term US Treasury bonds.

The iShares Short Treasury Bond ETF Includes Broad Market Dynamics:

Established as an attractive option for cautious investors seeking both capital preservation and modest returns on investments, the iShares Short Treasury Bond ETF tracks an index composed of US government bonds with remaining maturities less than or equal to one year. By gaining exposure to this curated selection of securities that represent different sectors within this market segment, investors can benefit from diversification while reducing volatility.

Understanding Dividend Distribution:

As part of its regular operations, iShares Short Treasury Bond ETF announced a monthly dividend that was disbursed on July 10th. For shareholders listed as of Wednesday, July 5th, they received $0.4315 per share as divided income. It is noteworthy that those who held positions without overlapping with Monday, July 3rd’s ex-dividend date were qualified for the dividend payout.

Annualized Dividend and Yield:

With a dividend payment of $5.18 per share on an annual basis, this translates to a promising yield of 4.69%. Such returns should not be overlooked given today’s volatile market conditions, where several investment avenues struggle to deliver stable returns while providing reassurance against financial insecurity and inflation.

Conclusion:

Beverly Hills Private Wealth LLC’s recent acquisition of the iShares Short Treasury Bond ETF underscores their commitment to securing a stable and diversified portfolio amidst a rapidly changing economic landscape. This strategic move showcases their ability to identify robust investment options, such as short-term US Treasury bonds, which provide security, potential appreciation, and dividend income. As the global markets continue to grapple with uncertainty, an increasing number of investors are recognizing that diversified portfolios with a suitable allocation to fixed-income securities like the iShares Short Treasury Bond ETF can be essential in managing risk while seeking reasonable returns over time.

SHV

Updated on: 31/07/2023

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Hedge Funds and Institutional Investors Increase Positions in iShares Short Treasury Bond ETF (SHV)

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iShares Short Treasury Bond ETF: A Closer Look at Hedge Fund and Institutional Investors’ Positions

Introduction

In the fast-paced world of finance, hedge funds and institutional investors have always had a significant influence on the markets. Their actions often provide valuable insights into market trends and investor sentiment. Recently, several hedge funds and institutional investors have made notable changes to their positions in iShares Short Treasury Bond ETF (SHV). This article examines these developments and sheds light on the current landscape surrounding this prominent exchange-traded fund.

Hedge Funds and Institutional Investors Show Interest in SHV

Among those displaying interest in SHV is FWL Investment Management LLC. In the fourth quarter of 2022, the firm purchased a new stake in iShares Short Treasury Bond ETF worth approximately $27,000. This move indicates their belief in the investment potential of short-term government bonds.

McClarren Financial Advisors Inc. also joined the ranks by acquiring a new stake worth about $39,000 during the same period. Sanctuary Wealth Management L.L.C followed suit with a substantial purchase of SHV shares worth approximately $40,000. Notably, Glass Jacobson Investment Advisors llc expressed confidence by investing around $43,000 in iShares Short Treasury Bond ETF during the fourth quarter.

Baystate Wealth Management LLC showcased considerable faith in SHV during the first quarter of 2023. By boosting its holdings by an impressive 267.3%, Baystate Wealth Management now owns 404 shares valued at $45,000 – an additional 294 shares were purchased within that timeframe.

These moves highlight growing confidence among hedge funds and institutional investors who now collectively own 23.29% of iShares Short Treasury Bond ETF’s outstanding shares.

A Deep Dive into iShares Short Treasury Bond ETF

iShares Short Treasury Bond ETF (previously known as iShares Barclays Short Treasury Bond Fund) is an exchange-traded fund that seeks to replicate the price and yield performance of the Barclays Capital U.S. Short Treasury Bond Index – a benchmark comprising public obligations of the United States Treasury with maturities ranging from 1 to 12 months.

The ETF has recently been trading at $110.42, enjoying a modest increase of $0.03 during trading on Friday. With a daily trading volume of 1,517,111 shares and an average volume of 3,370,796 shares, iShares Short Treasury Bond ETF continues to attract significant market attention.

Furthermore, it is worth mentioning that SHV’s 50-day moving average price stands at $110.23 while its 200-day moving average price rests at $110.27. This stability in both short-term and long-term price trends exhibits the fund’s resilience amid evolving market conditions.

Conclusion

In summary, hedge funds and institutional investors have made noteworthy adjustments to their positions in iShares Short Treasury Bond ETF (SHV) over recent quarters. With prominent players like FWL Investment Management LLC, McClarren Financial Advisors Inc., Sanctuary Wealth Management L.L.C., Glass Jacobson Investment Advisors llc, and Baystate Wealth Management LLC showcasing their belief in SHV’s potential through increased holdings or purchases, it is evident that this exchange-traded fund carries significant weight in the investment landscape.

Trading at $110.42 on July 31, 2023, SHV has exhibited stability within its price range while attracting considerable trading volume. As investors navigate an ever-changing economic environment, keeping an eye on the actions taken by these hedge funds and institutional investors can offer valuable insights into market sentiment surrounding SHV and similar financial instruments.

Beverly Hills Private Wealth LLC Increases Holdings in Teledyne Technologies, Demonstrating Financial Prowess and Strategic Investment

In a stunning display of financial prowess, Beverly Hills Private Wealth LLC has announced a substantial increase in its holdings of Teledyne Technologies Incorporated (NYSE:TDY). The luxury wealth management firm grew its position in the scientific and technical instruments company by an impressive 18.3% during the first quarter of this year, marking a significant milestone in its investment strategy.According to the company’s recent disclosure with the Securities & Exchange Commission, Beverly Hills Private Wealth LLC now ...

In a stunning display of financial prowess, Beverly Hills Private Wealth LLC has announced a substantial increase in its holdings of Teledyne Technologies Incorporated (NYSE:TDY). The luxury wealth management firm grew its position in the scientific and technical instruments company by an impressive 18.3% during the first quarter of this year, marking a significant milestone in its investment strategy.

According to the company’s recent disclosure with the Securities & Exchange Commission, Beverly Hills Private Wealth LLC now owns 1,699 shares of Teledyne Technologies’ stock after purchasing an additional 263 shares during the quarter. This move has solidified their stance in the market, with their holdings valued at an astounding $760,000 as of their latest SEC filing.

Teledyne Technologies Incorporated is a global powerhouse in enabling technologies for industrial growth markets. With operations spanning across the United States, Canada, the United Kingdom, France, and internationally, Teledyne provides a wide range of advanced instrumentation solutions. The company’s Instrumentation segment specializes in monitoring and control instruments for marine, environmental, industrial, and various other applications. Additionally, they offer electronic test and measurement equipment along with power and communications connectivity devices for distributed instrumentation systems and sensor networks.

Despite broader market conditions that often inhibit success stories such as this one, Teledyne Technologies’ stock performance remained impressive on Friday. During trading hours that day, NYSE:TDY witnessed an uptrend of $3.25 to reach an admirable $382.02 share price. Accompanied by an impressive trading volume of 675,834 shares compared to its average volume of 228,368 shares, it is clear that investors have taken notice of Teledyne’s potential.

As we delve deeper into Teledyne’s financial highlights over time, it becomes evident that the company possesses remarkable stability amidst market fluctuations. The stock displays a commendable 50-day moving average of $402.99 which indicates consistent growth. Moreover, their two-hundred day moving average of $417.04 further reinforces the notion of long-term financial strength.

Teledyne Technologies Incorporated has demonstrated its resilience by maintaining a one year low of $325.00 and a one year high of $448.71. Such a wide range allows investors to benefit from potential profit-taking opportunities while entering at various price points. With a market capitalization of approximately $17.97 billion, Teledyne remains an attractive option for savvy investors seeking lucrative prospects in the industrial growth sector.

In terms of valuation, Teledyne Technologies currently boasts a favorable price-to-earnings (PE) ratio of 23.76, providing investors with relatively lower risk due to its stable earnings track record. Additionally, the company’s price-to-earnings growth (PEG) ratio of 3.14 indicates promising growth prospects as it suggests that the stock is trading at an acceptable premium given its future earnings potential. Furthermore, Teledyne’s beta of 1.07 implies that it is less volatile than the broader market, adding an element of stability to potential portfolios.

The exceptional liquidity position held by Teledyne Technologies Incorporated further solidifies its status as an attractive investment choice within the scientific and technical instruments industry. The company’s quick ratio of 1.30 and current ratio of 1.62 signify its ability to meet short-term obligations promptly while having sufficient resources for ongoing operations.

Lastly, Teledyne maintains a favorable debt-to-equity ratio of 0.34, indicating a conservative approach to financing endeavors and reduced exposure to financial risk associated with excessive leverage.

As we review Beverly Hills Private Wealth LLC’s strategic move to increase their holdings in Teledyne Technologies Incorporated during the first quarter, it becomes apparent that they have recognized and capitalized on the company’s potential for significant growth in industrial markets worldwide.

By selectively investing in companies at the forefront of technological advancements and expansion, Beverly Hills Private Wealth LLC has positioned itself as a formidable player in the wealth management industry. Their ability to navigate complex markets with precision and seize opportunities for their clients’ financial gain is testament to their commitment to excellence and expertise.

It is indeed an exciting time for both Teledyne Technologies Incorporated and Beverly Hills Private Wealth LLC as they forge ahead in pursuit of continued success. With Teledyne’s robust market presence, promising financial indicators, and Beverly Hills Private Wealth LLC’s astute investment decisions, investors’ intrigue is sure to grow as they uncover the enlightening possibilities that lie within this unique partnership.

TDY

Updated on: 31/07/2023

Financial Health

Debt to equity ratio: Buy

Price to earnings ratio: Buy

Price to book ratio: Strong Buy

DCF: Strong Buy

ROE: Neutral

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Price Target

Current $382.02

Concensus $495.50

Low $488.00

Median $495.50

High $503.00

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Social Sentiments

We did not find social sentiment data for this stock

Analyst Ratings

Analyst / firm Rating
Credit Suisse Buy
Morgan Stanley Buy
Morgan Stanley Buy

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Teledyne Technologies Attracts Institutional Investors and Demonstrates Strength in Industrial Growth Markets

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Teledyne Technologies Incorporated, a leading provider of enabling technologies for industrial growth markets, has been attracting the attention of institutional investors recently. Price T Rowe Associates Inc. MD raised its stake in the company by 29.5% during the fourth quarter, now owning over 5.8 million shares valued at $2.35 billion. Norges Bank also acquired a new position in Teledyne Technologies in the same quarter, worth approximately $166.95 million.

In addition to these investors, Durable Capital Partners LP purchased shares valued at around $140.33 million in the first quarter, while Findlay Park Partners LLP increased its holdings by 71.9% during the fourth quarter, owning over 345,000 shares worth $138.14 million.

Furthermore, Goldman Sachs Group Inc.’s stake saw a significant increase of 60.4% in the first quarter, with an additional purchase of over 127,000 shares valued at $159.75 million. These institutional investors collectively hold approximately 93% of Teledyne Technologies’ stock.

On another note, Vice President Melanie Susan Cibik recently sold 2,000 shares of Teledyne Technologies stock at an average price of $413 per share on May 15th, amounting to a total transaction value of $826,000. After this sale, Cibik retains ownership of 27,305 shares in the company, which are valued at $11.28 million.

Teledyne Technologies Incorporated operates in various markets globally including the United States, Canada, United Kingdom, France and other international locations. The company’s Instrumentation segment offers monitoring and control instruments for marine and environmental applications as well as electronic test and measurement equipment.

In its most recent quarterly earnings report on July 26th, Teledyne Technologies surpassed analysts’ expectations with earnings per share (EPS) of $4.67 for the quarter compared to the consensus estimate of $4.63 EPS, a slight increase of $0.04. The company generated revenue of $1.42 billion, slightly higher than analysts’ forecasts of $1.41 billion. Teledyne Technologies reported a net margin of 13.75% and a return on equity of 10.90%. This performance indicated a 5.1% increase in quarterly revenue compared to the previous year.

Analysts project that Teledyne Technologies Incorporated will post earnings per share of $19.12 for the current fiscal year, highlighting their optimistic outlook for the company’s financials.

Several research analysts have also shared their opinions on Teledyne Technologies’ stock in recent reports. Needham & Company LLC lowered their price target from $470 to $455 but maintained a “buy” rating on the stock while Credit Suisse Group reduced its price target to $499 from $503 in an earlier research note.

However, StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating, followed by Bank of America’s announcement raising the target price from $533 to $565 per share.

Overall, Bloomberg.com data shows that Teledyne Technologies has received a consensus rating of “Moderate Buy” with an average price target set at approximately $501.75.

With significant investments from institutional investors and solid financial performance, Teledyne Technologies continues to demonstrate its strength and potential in providing enabling technologies for industrial growth markets worldwide.

Beverly Hills Private Wealth LLC Expands Stake in Phillips 66, Solidifying Status as a Leading Energy Manufacturer

On July 30, 2023, Beverly Hills Private Wealth LLC announced an increase in its stake in Phillips 66 (NYSE:PSX), a prominent oil and gas company. According to the company’s recent disclosure with the Securities and Exchange Commission, Beverly Hills Private Wealth LLC expanded its position in Phillips 66 by an impressive 19.6% during the first quarter of the fiscal year. This growth resulted from the acquisition of an additional 2,122 shares, bringing their total holdings to 12,972 shares. The value of Beverly Hills Private Wealth LLC&...

On July 30, 2023, Beverly Hills Private Wealth LLC announced an increase in its stake in Phillips 66 (NYSE:PSX), a prominent oil and gas company. According to the company’s recent disclosure with the Securities and Exchange Commission, Beverly Hills Private Wealth LLC expanded its position in Phillips 66 by an impressive 19.6% during the first quarter of the fiscal year. This growth resulted from the acquisition of an additional 2,122 shares, bringing their total holdings to 12,972 shares. The value of Beverly Hills Private Wealth LLC’s stake in Phillips 66 stood at a remarkable $1,315,000 at the conclusion of the most recent reporting period.

Phillips 66 unveiled its quarterly earnings data on May 3rd, impressing market analysts and beating their consensus estimates. During this period, the company reported earnings per share of $4.21 for the quarter, surpassing analysts’ projections by $0.63 or approximately 17.6%. This strong performance demonstrated Phillips 66’s ability to exceed expectations while solidifying its position as a key player in the energy manufacturing and logistics sector.

Furthermore, Phillips 66 showcased a net margin of 7.13% and a return on equity of 32.37%, signifying its profitability and efficient use of shareholder investments. The company’s revenue for this quarter amounted to $35.09 billion compared to initial predictions of $29.76 billion by analysts.

In comparison to the same period last year when Phillips 66 earned $1.32 per share, this year’s performance continued to exhibit substantial growth and improvement across various financial metrics.

As an energy manufacturing and logistics company operating in multiple markets around the world including the United States, United Kingdom, Germany, and internationally, Phillips 66 specializes in four distinct segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S).

The Midstream segment focuses on the transportation of crude oil and other feedstocks, ensuring the delivery of refined petroleum products to their respective markets. Additionally, this segment provides essential terminaling and storage services for crude oil and refined petroleum products. It plays a crucial role in the transportation, storage, fractionation, exportation, and marketing of natural gas liquids while also offering various fee-based processing services. Furthermore, the Midstream segment is actively involved in gathering, processing, transporting, and marketing natural gas.

Having successfully navigated through the complexities of energy manufacturing and logistics operations across different regions globally, Phillips 66 has consistently displayed its industry expertise. By leveraging cutting-edge technologies and adopting innovative strategies, the company continues to establish a strong foothold in an ever-changing market.

Looking to the future, research analysts anticipate that Phillips 66 will post impressive earnings per share of 13.72 for the current fiscal year. This projection reflects their confidence in the company’s ability to sustain growth momentum backed by their robust financial performance.

In conclusion, Beverly Hills Private Wealth LLC’s increased position in Phillips 66 highlights growing interest in the energy manufacturing and logistics sector. The stellar financial results achieved by Phillips 66 further affirm its status as a key player within this industry. With operations spanning various countries and sectors, Phillips 66’s commitment to innovation and excellence positions it well for continued success going forward.

PSX

Updated on: 31/07/2023

Financial Health

Debt to equity ratio: Buy

Price to earnings ratio: Buy

Price to book ratio: Strong Buy

DCF: Strong Buy

ROE: Neutral

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Price Target

Current $110.35

Concensus $110.56

Low $78.00

Median $109.00

High $137.00

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Social Sentiments

We did not find social sentiment data for this stock

Analyst Ratings

Analyst / firm Rating
RBC Capital Buy
Raymond James Buy
Wells Fargo Buy
Piper Sandler Buy
John Freeman Raymond James Sell

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Investor Confidence in Phillips 66: A Solid Investment Opportunity in the Energy Sector

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Phillips 66, an energy manufacturing and logistics company, has been making waves in the market recently. The company’s stock, trading under the ticker symbol PSX, saw a significant increase of $1.46 during Friday’s trading session, reaching a price of $110.35. This surge in value caught the attention of several hedge funds and institutional investors who made changes to their positions in the company.

One notable investor is OLD Second National Bank of Aurora, which purchased a new position in Phillips 66 shares in the fourth quarter of last year. The bank allocated approximately $26,000 towards this investment. Similarly, Worth Asset Management LLC acquired shares worth about $32,000 in the first quarter of this year. New England Capital Financial Advisors LLC also joined the trend by purchasing shares worth approximately $33,000 during the fourth quarter of last year.

Achmea Investment Management B.V., based in the Netherlands, followed suit and bought a new position in Phillips 66 shares during the first quarter, spending about $40,000 on this investment. Finally, Tradewinds Capital Management LLC experienced substantial growth in its holdings of Phillips 66 stock. The firm now owns 433 shares worth $45,000 after acquiring an additional 128 shares during the fourth quarter.

These moves by hedge funds and institutional investors highlight their confidence in Phillips 66 as a solid investment opportunity. Together with other similar entities that collectively hold approximately 77.52% of the company’s stock, these investors have expressed their trust and belief that Phillips 66 will continue to perform well.

In terms of market performance indicators, Phillips 66 boasts some impressive figures. The company has a market capitalization of $50.64 billion and a low debt-to-equity ratio of 0.51 – signaling sound financial health and stability for potential investors. Furthermore, Phillips 66 maintains an attractive P/E ratio of only 4.27, suggesting that the stock may be undervalued.

The company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment focuses on transporting crude oil and other feedstocks, as well as delivering refined petroleum products to market. Additionally, it provides terminaling and storage services for these products. Furthermore, Phillips 66 engages in natural gas liquid transportation, processing, and marketing.

Recently, Phillips 66 declared a quarterly dividend that will be paid out on September 1st. Shareholders of record as of August 18th will receive a $1.05 dividend per share. This represents an annualized dividend of $4.20 and a yield of 3.81%. With the ex-dividend date set for August 17th, investors have an opportunity to benefit from this dividend payment by purchasing shares before this vital date.

Market analysts have been closely monitoring Phillips 66’s performance and offering their insights. Mizuho recently increased their price target on the company’s shares from $106.00 to $118.00 in their research report released on July 10th. On the other hand, Wells Fargo & Company decreased their price target from $118.00 to $111.00 in a report published on June 2nd.

With these differing assessments in mind, it is worth noting that TD Cowen upgraded Phillips 66 from a “market perform” rating to an “outperform” rating in their research report on June 1st. They also raised their price objective for the company from $110 to $123.

In summary, Phillips 66 has caught the attention of hedge funds and institutional investors due to its impressive stock performance and strong financial position. With its diverse business segments focused on energy manufacturing and logistics operations both domestically and internationally, the company offers significant potential for growth.

Investors looking for opportunities within the energy sector may find Phillips 66’s stock appealing. However, as with any investment decision, comprehensive analysis and due diligence is crucial to make informed choices in today’s complex and dynamic market environment.

Beverly Hills Private Wealth LLC Increases Stake in Northrop Grumman Co. as Positive Earnings Report Highlights Company’s Potential

Beverly Hills Private Wealth LLC, a prominent investment firm, has increased its holdings in Northrop Grumman Co. (NYSE:NOC) by an impressive 29.0% during the first quarter of this year, as per its recent filing with the Securities and Exchange Commission. The company now owns 1,985 shares of Northrop Grumman’s stock, an additional 446 shares since the previous period. With the value estimated at $917,000 at the end of the most recent quarter, Beverly Hills Private Wealth LLC demonstrates a strong belief in the aerospace company’...

Beverly Hills Private Wealth LLC, a prominent investment firm, has increased its holdings in Northrop Grumman Co. (NYSE:NOC) by an impressive 29.0% during the first quarter of this year, as per its recent filing with the Securities and Exchange Commission. The company now owns 1,985 shares of Northrop Grumman’s stock, an additional 446 shares since the previous period. With the value estimated at $917,000 at the end of the most recent quarter, Beverly Hills Private Wealth LLC demonstrates a strong belief in the aerospace company’s potential.

This news follows Northrop Grumman’s latest announcement of its quarterly earnings data on July 27th. The aerospace giant reported an impressive earnings per share (EPS) of $5.34 for the quarter, surpassing market expectations by $0.03. Furthermore, the company generated revenue of $9.58 billion during this period, exceeding the consensus estimate of $9.32 billion. These positive results highlight Northrop Grumman’s ability to deliver strong financial performance.

Being a leading global aerospace and defense company, Northrop Grumman Corporation operates across various countries around the world. Its Aeronautics Systems segment is responsible for designing, developing, manufacturing, integrating, and sustaining aircraft systems both domestically and internationally. This segment also offers advanced unmanned autonomous aircraft systems that can perform high-altitude long-endurance strategic intelligence surveillance reconnaissance (ISR) missions as well as vertical take-off and landing tactical ISR systems.

Apart from unmanned aircraft systems, Northrop Grumman Corporation is also involved in strategic long-range strike aircraft development and production alongside tactical fighter and air dominance aircraft manufacturing. Additionally, the company specializes in airborne battle management and command and control systems to enhance military superiority.

These valuable contributions make it clear why Beverly Hills Private Wealth LLC chose to boost its investment in Northrop Grumman Co., recognizing the company’s potential for lucrative returns. Moreover, Northrop Grumman’s exceptional return on equity of 26.61% and net margin of 12.89% indicate that it has successfully optimized its operational efficiency and profitability.

With these positive financial results and a strong portfolio of aerospace and defense solutions, market analysts project that Northrop Grumman Co. will achieve an impressive earnings per share of 22.58 by the end of the current year.

As we move further into the future, Northrop Grumman Corporation’s innovative contributions to global aerospace and defense systems will continue to position itself as a powerhouse in the industry, attracting investments from prestigious firms like Beverly Hills Private Wealth LLC.

In summary, Beverly Hills Private Wealth LLC has significantly increased its stake in Northrop Grumman Co., demonstrating confidence in the company’s growth potential. Meanwhile, Northrop Grumman’s recent positive earnings report solidifies its place as a leading global aerospace and defense systems provider. As both entities continue to thrive in their respective domains, they pave the way for future success in this dynamic industry.

NOC

Updated on: 31/07/2023

Financial Health

Debt to equity ratio: Buy

Price to earnings ratio: Strong Buy

Price to book ratio: Strong Buy

DCF: Strong Buy

ROE: Buy

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Price Target

Current $449.68

Concensus $487.29

Low $375.00

Median $482.00

High $626.00

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Social Sentiments

We did not find social sentiment data for this stock

Analyst Ratings

Analyst / firm Rating
Credit Suisse Buy
Goldman Sachs Sell
Credit Suisse Buy
Morgan Stanley Buy
Citigroup Buy

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Northrop Grumman Corporation Attracts Attention and Maintains Prominence in Aerospace and Defense Industry

Northrop Grumman Corporation, a leading aerospace and defense company, continues to attract attention from institutional investors and hedge funds. Recent reports indicate that these investors have both increased and reduced their stakes in the company. Raymond James Trust N.A., for example, raised its holdings in Northrop Grumman by 2.1% during the first quarter, acquiring an additional 279 shares. Similarly, Cassaday & Co Wealth Management LLC increased its position by 9.2%, adding 210 shares to its portfolio.

Jump Financial LLC and Summit Financial LLC also made notable moves with regard to Northrop Grumman. Jump Financial LLC purchased a new stake in the first quarter valued at $7,043,000 while Summit Financial LLC acquired a new stake worth approximately $221,000 during the same period. Meanwhile, ASB Consultores LLC raised its position by 30.8% by purchasing an additional 300 shares in the first quarter. These transactions highlight the ongoing interest that institutional investors have in Northrop Grumman.

Trading activity on Friday showed NYSE:NOC reaching $449.68 per share during mid-day trading. This was based on a trading volume of 1,121,656 shares compared to the stock’s average volume of 886,182 shares. The company’s recent movements have been closely watched due to its market capitalization of $68.29 billion and price-to-earnings ratio of 14.55.

Despite some fluctuations in stock prices and investor activity, Northrop Grumman remains a key player in the aerospace and defense industry. The company’s Aeronautics Systems segment focuses on designing, developing, manufacturing, integrating, and sustaining aircraft systems globally. Its offerings include unmanned autonomous aircraft systems such as strategic ISR systems and tactical ISR systems with vertical take-off and landing capabilities.

Dividend payments are yet another aspect that draws attention to Northrop Grumman’s stock. The company recently announced an increase in its quarterly dividend, which was paid on June 14th to shareholders of record as of May 30th. This change reflects the company’s commitment to shareholder value and a desire to provide competitive returns on investment.

The market position and potential of Northrop Grumman have not gone unnoticed by equities research analysts. Several reports have been issued on the stock, offering insights into its performance and future prospects. Sanford C. Bernstein, for instance, reduced their target price from $581.00 to $569.00 in a report released on June 30th. Barclays also downgraded Northrop Grumman from an “overweight” rating to an “equal weight” rating and decreased their price target from $580.00 to $450.00. While some analysts maintain a cautious outlook, others continue to see favorable potential for the company.

In conclusion, Northrop Grumman Corporation remains a prominent player in the aerospace and defense industry despite recent movements in stock prices and investor activity. Institutional investors and hedge funds have demonstrated ongoing interest in the company, with some increasing their holdings while others reduce their stake. Additionally, Northrop Grumman’s Aeronautics Systems segment continues to develop cutting-edge aircraft systems globally. The recent increase in the company’s dividend payout further underscores its commitment to providing competitive returns on investment for shareholders’ benefit.

Renovations in Store for Historic Log Cabin in West Hollywood

With over a million dollars in funding secured from the state of California, the city of West Hollywood is one big step closer to renovating the historic Log Cabin at 621 N. Robertson Blvd., home to the West Hollywood Recovery Center (WHRC). A hub for the local recovery community, the WHRC hosts over 90 different addiction recovery group meetings each week, such as Alcoholics Anonymous, and more than 4,500 meetings a year.As part of AB 102 Budget Act of 2023, which Governor Gavin Newsom signed into law on July 10, $1.15 million in app...

With over a million dollars in funding secured from the state of California, the city of West Hollywood is one big step closer to renovating the historic Log Cabin at 621 N. Robertson Blvd., home to the West Hollywood Recovery Center (WHRC). A hub for the local recovery community, the WHRC hosts over 90 different addiction recovery group meetings each week, such as Alcoholics Anonymous, and more than 4,500 meetings a year.

As part of AB 102 Budget Act of 2023, which Governor Gavin Newsom signed into law on July 10, $1.15 million in appropriated funds will finance the anticipated Log Cabin renovations. A portion of those funds came at the request of Senator Ben Allen (CA Senate District 24), the California Department of Housing and Community Development approved $500,000 to support the project. At the request of Assemblymember Rick Chavez Zbur (CA Assembly District 51), the California Department of General Services approved $650,000 for the cabin.

The renovations include updates to the current structure to meet health, safety, and ADA requirements; establishing a renewable energy hub by adding EV charging stations and photovoltaic panels on site; streetscape improvements and landscaping. All site work will be compliant with historic preservation standards, providing a long-term space for life-saving meetings.

While located within West Hollywood city limits, the property was previously owned by the city of Beverly Hills, which had purchased the land in 1928. In 1936, a portion of it was leased to the Lions Club in 1936, which built the cabin and fashioned it after a Boy Scouts clubhouse. Since the Lions Club subleased the cabin to the WHRC in the 1970s, it has been used as a space for addiction recovery group meetings. In March of 2022, the city of West Hollywood purchased the Log Cabin and its adjacent parking lot for $5.75 million from Beverly Hills. However, the purchase agreement stipulated that use of the log cabin would be limited to addiction recovery services. While a 2020 audit showed a contractor had “found portions of the building in poor condition,” the site is subject to environmental review and state standards given its historic status.

From the outside, the Log Cabin looks like it sounds: a quintessential storybook cabin. The exterior is made up of wood logs, with a small front porch located at the top of a short flight of steps. Currently, the Log Cabin has two meeting rooms, and renovations seek to add two more to the facility.

“We are grateful to Senator Allen and to Assemblymember Zbur for helping the city of West Hollywood and the West Hollywood Recovery Center to champion funding to support renovations for this historic space, which is vital in safeguarding recovery services in our community,” said West Hollywood Mayor Sepi Shyne. “Countless thousands of people have been helped by 12-step meetings offered at the Log Cabin, and I’m thrilled that we can look forward to many more years ahead in an improved space for life-changing meetings and community recovery.”

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