ReportWire

Tag: Hedge Fund Holdings

  • Trinity Legacy Partners LLC Boosts Stake in PepsiCo, Inc. (NASDAQ:PEP)

    Trinity Legacy Partners LLC Boosts Stake in PepsiCo, Inc. (NASDAQ:PEP)

    [ad_1]

    Trinity Legacy Partners LLC raised its position in PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,177 shares of the company’s stock after buying an additional 636 shares during the period. PepsiCo accounts for 2.2% of Trinity Legacy Partners LLC’s investment portfolio, making the stock its 13th biggest holding. Trinity Legacy Partners LLC’s holdings in PepsiCo were worth $5,632,000 at the end of the most recent quarter.

    Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. City State Bank grew its position in shares of PepsiCo by 6.5% during the 3rd quarter. City State Bank now owns 1,986 shares of the company’s stock valued at $324,000 after acquiring an additional 122 shares during the period. Hixon Zuercher LLC boosted its holdings in PepsiCo by 4.6% in the 3rd quarter. Hixon Zuercher LLC now owns 26,730 shares of the company’s stock worth $4,364,000 after buying an additional 1,168 shares during the period. Hendershot Investments Inc. boosted its holdings in PepsiCo by 1.2% in the 3rd quarter. Hendershot Investments Inc. now owns 95,130 shares of the company’s stock worth $15,531,000 after buying an additional 1,118 shares during the period. IAG Wealth Partners LLC boosted its holdings in PepsiCo by 7.4% in the 3rd quarter. IAG Wealth Partners LLC now owns 1,504 shares of the company’s stock worth $246,000 after buying an additional 104 shares during the period. Finally, Global Trust Asset Management LLC boosted its holdings in PepsiCo by 4.0% in the 3rd quarter. Global Trust Asset Management LLC now owns 7,182 shares of the company’s stock worth $1,173,000 after buying an additional 275 shares during the period. Hedge funds and other institutional investors own 70.76% of the company’s stock.

    PepsiCo Price Performance

    Shares of PepsiCo stock opened at $175.13 on Friday. The firm has a market cap of $241.20 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 3.15 and a beta of 0.53. PepsiCo, Inc. has a 12-month low of $154.86 and a 12-month high of $186.84. The company has a quick ratio of 0.61, a current ratio of 0.80 and a debt-to-equity ratio of 2.06. The company’s fifty day simple moving average is $173.66 and its two-hundred day simple moving average is $175.78.

    PepsiCo (NASDAQ:PEP – Get Rating) last announced its earnings results on Thursday, February 9th. The company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. The firm had revenue of $28 billion for the quarter, compared to analyst estimates of $26.82 billion. PepsiCo had a net margin of 10.31% and a return on equity of 51.34%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.53 EPS. As a group, equities analysts expect that PepsiCo, Inc. will post 7.23 EPS for the current year.

    PepsiCo Dividend Announcement

    The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 3rd will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Thursday, March 2nd. PepsiCo’s payout ratio is 71.76%.

    Wall Street Analysts Forecast Growth

    Several research analysts recently commented on the stock. Argus raised their price objective on shares of PepsiCo from $195.00 to $206.00 in a report on Wednesday, December 7th. Credit Suisse Group raised their price target on shares of PepsiCo from $175.00 to $182.00 and gave the company a “neutral” rating in a report on Friday, February 10th. Deutsche Bank Aktiengesellschaft raised their price target on shares of PepsiCo from $181.00 to $186.00 and gave the company a “hold” rating in a report on Tuesday, December 6th. Barclays cut their price target on shares of PepsiCo from $197.00 to $187.00 and set an “overweight” rating for the company in a report on Monday, February 13th. Finally, Wells Fargo & Company raised their price objective on shares of PepsiCo from $187.00 to $190.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $184.08.

    Insider Activity

    In related news, CEO Ramkumar Krishnan sold 16,827 shares of the business’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $172.70, for a total transaction of $2,906,022.90. Following the sale, the chief executive officer now owns 49,000 shares of the company’s stock, valued at $8,462,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other PepsiCo news, Director Robert C. Pohlad sold 75,000 shares of PepsiCo stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $172.47, for a total value of $12,935,250.00. Following the completion of the transaction, the director now directly owns 183,929 shares of the company’s stock, valued at $31,722,234.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ramkumar Krishnan sold 16,827 shares of PepsiCo stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $172.70, for a total transaction of $2,906,022.90. Following the completion of the transaction, the chief executive officer now directly owns 49,000 shares of the company’s stock, valued at $8,462,300. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

    PepsiCo Profile

    (Get Rating)

    PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of beverages, food, and snacks. It operates through the following business segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East, and South Asia (AMESA), and Asia Pacific, Australia and New Zealand, and China Region (APAC).

    Recommended Stories

    Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP – Get Rating).

    Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

    Receive News & Ratings for PepsiCo Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for PepsiCo and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • Johnson & Johnson (NYSE:JNJ) Position Reduced by Lynch & Associates IN

    Johnson & Johnson (NYSE:JNJ) Position Reduced by Lynch & Associates IN

    [ad_1]

    Lynch & Associates IN lowered its holdings in Johnson & Johnson (NYSE:JNJ – Get Rating) by 0.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 96,114 shares of the company’s stock after selling 568 shares during the quarter. Johnson & Johnson comprises approximately 4.4% of Lynch & Associates IN’s portfolio, making the stock its 2nd largest holding. Lynch & Associates IN’s holdings in Johnson & Johnson were worth $16,978,000 at the end of the most recent quarter.

    A number of other hedge funds have also made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its position in Johnson & Johnson by 18.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 24,622,795 shares of the company’s stock worth $4,370,793,000 after acquiring an additional 3,912,430 shares in the last quarter. FMR LLC raised its stake in shares of Johnson & Johnson by 20.8% during the second quarter. FMR LLC now owns 18,725,049 shares of the company’s stock valued at $3,323,883,000 after purchasing an additional 3,229,032 shares during the period. Vanguard Group Inc. lifted its position in shares of Johnson & Johnson by 1.2% during the third quarter. Vanguard Group Inc. now owns 245,340,875 shares of the company’s stock worth $40,078,885,000 after purchasing an additional 2,815,655 shares in the last quarter. GQG Partners LLC boosted its stake in shares of Johnson & Johnson by 64.4% in the first quarter. GQG Partners LLC now owns 6,501,761 shares of the company’s stock valued at $1,151,931,000 after purchasing an additional 2,547,378 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Johnson & Johnson by 52.2% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 6,102,999 shares of the company’s stock valued at $1,083,329,000 after purchasing an additional 2,093,392 shares in the last quarter. Hedge funds and other institutional investors own 67.94% of the company’s stock.

    Insider Buying and Selling at Johnson & Johnson

    In related news, insider James D. Swanson sold 1,062 shares of the stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $154.66, for a total value of $164,248.92. Following the sale, the insider now owns 9,215 shares of the company’s stock, valued at approximately $1,425,191.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.35% of the stock is currently owned by company insiders.

    Analysts Set New Price Targets

    A number of research firms have weighed in on JNJ. Guggenheim assumed coverage on shares of Johnson & Johnson in a research report on Tuesday, February 28th. They issued a “neutral” rating and a $161.00 price objective for the company. StockNews.com assumed coverage on Johnson & Johnson in a research note on Thursday. They set a “strong-buy” rating for the company. Citigroup upped their target price on Johnson & Johnson from $198.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, December 12th. Morgan Stanley lifted their price target on shares of Johnson & Johnson from $176.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 25th. Finally, Atlantic Securities increased their price objective on shares of Johnson & Johnson from $160.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, January 25th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Johnson & Johnson presently has an average rating of “Moderate Buy” and an average price target of $174.73.

    Johnson & Johnson Trading Down 0.2 %

    Johnson & Johnson stock opened at $154.03 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.77 and a current ratio of 0.99. Johnson & Johnson has a 1 year low of $150.71 and a 1 year high of $186.69. The firm’s 50-day moving average is $162.52 and its 200-day moving average is $167.95. The company has a market cap of $401.14 billion, a P/E ratio of 22.85, a PEG ratio of 2.65 and a beta of 0.54.

    Johnson & Johnson (NYSE:JNJ – Get Rating) last issued its earnings results on Tuesday, January 24th. The company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.13. The firm had revenue of $23.71 billion for the quarter, compared to analysts’ expectations of $23.90 billion. Johnson & Johnson had a net margin of 18.90% and a return on equity of 35.76%. Johnson & Johnson’s revenue was down 4.4% on a year-over-year basis. During the same quarter last year, the company posted $2.13 earnings per share. On average, equities analysts expect that Johnson & Johnson will post 10.5 earnings per share for the current year.

    Johnson & Johnson Dividend Announcement

    The business also recently announced a quarterly dividend, which was paid on Tuesday, March 7th. Shareholders of record on Tuesday, February 21st were given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend was Friday, February 17th. Johnson & Johnson’s dividend payout ratio is presently 67.06%.

    Johnson & Johnson Profile

    (Get Rating)

    Johnson & Johnson is a holding company, which engages in the research and development, manufacture and sale of products in the health care field. It operates through the following segments: Consumer Health, Pharmaceutical, and MedTech. The Consumer Health segment includes products focused on personal healthcare used in the Skin Health/Beauty, Over-the-Counter medicines, Baby Care, Oral Care, Women’s Health and Wound Care markets.

    Read More

    Want to see what other hedge funds are holding JNJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Johnson & Johnson (NYSE:JNJ – Get Rating).

    Institutional Ownership by Quarter for Johnson & Johnson (NYSE:JNJ)

    Receive News & Ratings for Johnson & Johnson Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Johnson & Johnson and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • Centaurus Financial Inc. Raises Holdings in The Coca-Cola Company (NYSE:KO)

    Centaurus Financial Inc. Raises Holdings in The Coca-Cola Company (NYSE:KO)

    [ad_1]

    Centaurus Financial Inc. raised its position in shares of The Coca-Cola Company (NYSE:KO – Get Rating) by 4.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,790 shares of the company’s stock after buying an additional 1,734 shares during the period. Centaurus Financial Inc.’s holdings in Coca-Cola were worth $2,397,000 as of its most recent filing with the Securities & Exchange Commission.

    Several other hedge funds and other institutional investors have also modified their holdings of KO. FMR LLC boosted its position in shares of Coca-Cola by 20.0% during the second quarter. FMR LLC now owns 99,695,103 shares of the company’s stock worth $6,271,819,000 after buying an additional 16,606,701 shares during the period. BlackRock Inc. boosted its holdings in Coca-Cola by 1.7% in the third quarter. BlackRock Inc. now owns 301,952,085 shares of the company’s stock valued at $16,915,357,000 after purchasing an additional 4,994,047 shares during the period. Capital World Investors boosted its holdings in Coca-Cola by 61.4% in the first quarter. Capital World Investors now owns 10,764,084 shares of the company’s stock valued at $667,373,000 after purchasing an additional 4,095,881 shares during the period. Renaissance Technologies LLC boosted its holdings in Coca-Cola by 141.0% in the third quarter. Renaissance Technologies LLC now owns 6,834,434 shares of the company’s stock valued at $382,865,000 after purchasing an additional 3,998,128 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Coca-Cola by 1.1% in the third quarter. Vanguard Group Inc. now owns 363,258,425 shares of the company’s stock valued at $20,349,737,000 after purchasing an additional 3,864,004 shares during the period. 68.74% of the stock is currently owned by hedge funds and other institutional investors.

    Analysts Set New Price Targets

    A number of research analysts recently issued reports on KO shares. StockNews.com started coverage on Coca-Cola in a report on Thursday. They issued a “buy” rating for the company. JPMorgan Chase & Co. set a $67.00 target price on Coca-Cola in a report on Tuesday, February 14th. The Goldman Sachs Group raised their price target on Coca-Cola from $61.00 to $62.00 and gave the company a “neutral” rating in a research note on Monday, February 13th. Morgan Stanley raised their price target on Coca-Cola from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, February 15th. Finally, Citigroup assumed coverage on Coca-Cola in a research note on Thursday, February 16th. They issued a “buy” rating and a $68.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $67.70.

    Coca-Cola Stock Performance

    Shares of KO stock opened at $60.43 on Thursday. The stock has a market capitalization of $261.44 billion, a PE ratio of 27.47, a price-to-earnings-growth ratio of 3.46 and a beta of 0.53. The Coca-Cola Company has a 52-week low of $54.01 and a 52-week high of $67.20. The stock’s 50-day moving average price is $60.38 and its 200 day moving average price is $60.43. The company has a quick ratio of 0.93, a current ratio of 1.15 and a debt-to-equity ratio of 1.41.

    Coca-Cola (NYSE:KO – Get Rating) last issued its quarterly earnings results on Tuesday, February 14th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $10.10 billion for the quarter, compared to analysts’ expectations of $9.92 billion. Coca-Cola had a return on equity of 42.35% and a net margin of 22.19%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 EPS. As a group, equities research analysts forecast that The Coca-Cola Company will post 2.6 EPS for the current year.

    Coca-Cola Increases Dividend

    The business also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Friday, March 17th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.04%. The ex-dividend date is Thursday, March 16th. This is a boost from Coca-Cola’s previous quarterly dividend of $0.44. Coca-Cola’s payout ratio is 80.00%.

    Insider Activity at Coca-Cola

    In other Coca-Cola news, insider Brian John Smith sold 94,200 shares of Coca-Cola stock in a transaction that occurred on Friday, December 16th. The stock was sold at an average price of $63.02, for a total value of $5,936,484.00. Following the sale, the insider now owns 116,168 shares of the company’s stock, valued at approximately $7,320,907.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Coca-Cola news, insider Brian John Smith sold 94,200 shares of Coca-Cola stock in a transaction that occurred on Friday, December 16th. The stock was sold at an average price of $63.02, for a total value of $5,936,484.00. Following the sale, the insider now owns 116,168 shares of the company’s stock, valued at approximately $7,320,907.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Quincey sold 34,875 shares of Coca-Cola stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $60.32, for a total value of $2,103,660.00. Following the completion of the sale, the chief executive officer now directly owns 351,737 shares in the company, valued at approximately $21,216,775.84. The disclosure for this sale can be found here. Insiders have sold 376,468 shares of company stock worth $23,074,307 in the last quarter. Company insiders own 0.98% of the company’s stock.

    About Coca-Cola

    (Get Rating)

    The Coca-Cola Co engages in the manufacturing and marketing of non-alcoholic beverages. It operates through the following segments: Europe, Middle East and Africa, Latin America, North America, Asia Pacific, Global Ventures, and Bottling Investments. The company was founded by Asa Griggs Candler on May 8, 1886 and is headquartered in Atlanta, GA.

    Further Reading

    Institutional Ownership by Quarter for Coca-Cola (NYSE:KO)

    Receive News & Ratings for Coca-Cola Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Coca-Cola and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • Two Sigma Advisers LP Increases Stock Position in Marathon Petroleum Co. (NYSE:MPC)

    Two Sigma Advisers LP Increases Stock Position in Marathon Petroleum Co. (NYSE:MPC)

    [ad_1]

    Two Sigma Advisers LP increased its position in Marathon Petroleum Co. (NYSE:MPC – Get Rating) by 62.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 227,100 shares of the oil and gas company’s stock after purchasing an additional 87,700 shares during the period. Two Sigma Advisers LP’s holdings in Marathon Petroleum were worth $22,558,000 at the end of the most recent quarter.

    Several other institutional investors and hedge funds have also made changes to their positions in MPC. Renaissance Technologies LLC lifted its holdings in shares of Marathon Petroleum by 50,346.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,824,999 shares of the oil and gas company’s stock valued at $232,243,000 after purchasing an additional 2,819,399 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Marathon Petroleum by 22,119.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,227,468 shares of the oil and gas company’s stock valued at $190,449,000 after purchasing an additional 2,217,443 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Marathon Petroleum by 5,699.1% in the 3rd quarter. Pacer Advisors Inc. now owns 1,506,025 shares of the oil and gas company’s stock valued at $149,593,000 after purchasing an additional 1,480,055 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Marathon Petroleum by 59.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,975,199 shares of the oil and gas company’s stock valued at $244,591,000 after purchasing an additional 1,112,575 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Marathon Petroleum by 89.1% in the 1st quarter. First Trust Advisors LP now owns 1,431,767 shares of the oil and gas company’s stock valued at $122,416,000 after purchasing an additional 674,456 shares during the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.

    Insider Activity at Marathon Petroleum

    In related news, Director Kim K.W. Rucker sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $130.00, for a total value of $780,000.00. Following the sale, the director now owns 34,950 shares of the company’s stock, valued at approximately $4,543,500. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.28% of the stock is owned by corporate insiders.

    Analyst Ratings Changes

    Several equities analysts recently issued reports on the company. Cowen boosted their price target on Marathon Petroleum from $133.00 to $143.00 and gave the company an “outperform” rating in a research report on Wednesday, February 1st. Wells Fargo & Company boosted their price target on Marathon Petroleum from $133.00 to $153.00 and gave the company an “overweight” rating in a research report on Wednesday, February 1st. Jefferies Financial Group upgraded Marathon Petroleum from a “hold” rating to a “buy” rating and boosted their price target for the company from $134.00 to $157.00 in a research report on Friday, March 3rd. Raymond James boosted their price target on Marathon Petroleum from $155.00 to $165.00 and gave the company a “strong-buy” rating in a research report on Wednesday, February 1st. Finally, StockNews.com upgraded Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 2nd. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $138.63.

    Marathon Petroleum Price Performance

    Shares of NYSE:MPC opened at $128.55 on Friday. The business’s 50 day simple moving average is $123.99 and its 200-day simple moving average is $114.45. The firm has a market capitalization of $57.28 billion, a price-to-earnings ratio of 4.50, a price-to-earnings-growth ratio of 0.26 and a beta of 1.60. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.76 and a quick ratio of 1.32. Marathon Petroleum Co. has a 12 month low of $73.18 and a 12 month high of $136.46.

    Marathon Petroleum (NYSE:MPC – Get Rating) last posted its earnings results on Tuesday, January 31st. The oil and gas company reported $6.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.54 by $1.11. Marathon Petroleum had a return on equity of 41.55% and a net margin of 8.07%. The firm had revenue of $39.82 billion for the quarter, compared to analyst estimates of $35.29 billion. During the same quarter in the prior year, the company earned $1.30 EPS. Marathon Petroleum’s revenue was up 12.7% on a year-over-year basis. As a group, equities analysts forecast that Marathon Petroleum Co. will post 18.96 earnings per share for the current fiscal year.

    Marathon Petroleum Announces Dividend

    The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Thursday, February 16th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend was Wednesday, February 15th. Marathon Petroleum’s payout ratio is currently 10.49%.

    Marathon Petroleum Profile

    (Get Rating)

    Marathon Petroleum Corp. is an independent company, which engages in the refining, marketing, and transportation of petroleum products in the United States. It operates through the following segments: Refining and Marketing, and Midstream. The Refining and Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals, and trucks that the company owns or operates.

    Featured Stories

    Want to see what other hedge funds are holding MPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Petroleum Co. (NYSE:MPC – Get Rating).

    Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

    Receive News & Ratings for Marathon Petroleum Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Marathon Petroleum and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • Lido Advisors LLC Acquires 3,683 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

    Lido Advisors LLC Acquires 3,683 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

    [ad_1]

    Lido Advisors LLC lifted its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG – Get Rating) by 151.9% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,108 shares of the oil and natural gas company’s stock after buying an additional 3,683 shares during the period. Lido Advisors LLC’s holdings in Diamondback Energy were worth $735,000 as of its most recent filing with the SEC.

    Several other institutional investors and hedge funds have also modified their holdings of FANG. Adirondack Trust Co. lifted its holdings in shares of Diamondback Energy by 275.0% in the third quarter. Adirondack Trust Co. now owns 225 shares of the oil and natural gas company’s stock worth $27,000 after acquiring an additional 165 shares during the last quarter. Private Trust Co. NA acquired a new stake in shares of Diamondback Energy during the second quarter valued at about $28,000. SOA Wealth Advisors LLC. grew its holdings in shares of Diamondback Energy by 72.1% during the third quarter. SOA Wealth Advisors LLC. now owns 241 shares of the oil and natural gas company’s stock worth $29,000 after purchasing an additional 101 shares during the last quarter. Carolinas Wealth Consulting LLC increased its stake in shares of Diamondback Energy by 366.7% in the first quarter. Carolinas Wealth Consulting LLC now owns 224 shares of the oil and natural gas company’s stock valued at $31,000 after buying an additional 176 shares during the period. Finally, First Personal Financial Services bought a new position in Diamondback Energy in the 3rd quarter valued at approximately $32,000. 89.76% of the stock is currently owned by institutional investors.

    Analyst Upgrades and Downgrades

    Several analysts have recently commented on FANG shares. KeyCorp decreased their price objective on shares of Diamondback Energy from $182.00 to $171.00 and set an “overweight” rating on the stock in a research report on Thursday, December 8th. Susquehanna Bancshares boosted their price objective on Diamondback Energy from $180.00 to $190.00 in a research report on Wednesday, November 9th. Wells Fargo & Company decreased their target price on Diamondback Energy from $181.00 to $174.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 1st. Johnson Rice raised shares of Diamondback Energy from an “accumulate” rating to a “buy” rating and set a $210.00 price objective for the company in a report on Monday, December 5th. Finally, Barclays lowered their target price on shares of Diamondback Energy from $173.00 to $166.00 and set an “overweight” rating on the stock in a report on Monday, January 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Diamondback Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.95.

    Diamondback Energy Trading Down 0.6 %

    FANG stock opened at $142.74 on Wednesday. Diamondback Energy, Inc. has a twelve month low of $103.71 and a twelve month high of $168.95. The stock has a market capitalization of $26.21 billion, a price-to-earnings ratio of 5.80, a price-to-earnings-growth ratio of 0.28 and a beta of 2.03. The company has a quick ratio of 0.77, a current ratio of 0.81 and a debt-to-equity ratio of 0.40. The firm’s fifty day simple moving average is $142.24 and its two-hundred day simple moving average is $141.59.

    Diamondback Energy (NASDAQ:FANG – Get Rating) last announced its quarterly earnings data on Tuesday, February 21st. The oil and natural gas company reported $5.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.20 by $0.09. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.09 billion. Diamondback Energy had a net margin of 45.48% and a return on equity of 29.29%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.63 earnings per share. As a group, analysts anticipate that Diamondback Energy, Inc. will post 23.09 earnings per share for the current year.

    Diamondback Energy Cuts Dividend

    The business also recently announced a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Friday, March 3rd will be given a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 8.27%. The ex-dividend date of this dividend is Thursday, March 2nd. Diamondback Energy’s dividend payout ratio (DPR) is presently 12.99%.

    Insider Transactions at Diamondback Energy

    In other news, VP Matt Zmigrosky sold 2,012 shares of the firm’s stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $136.96, for a total transaction of $275,563.52. Following the transaction, the vice president now directly owns 23,623 shares of the company’s stock, valued at $3,235,406.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

    About Diamondback Energy

    (Get Rating)

    Diamondback Energy, Inc is an independent oil and natural gas company, which engages in the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves. It operates through the Upstream and Midstream Services segments. The Upstream segment focuses on the Permian Basin operations in West Texas.

    Recommended Stories

    Want to see what other hedge funds are holding FANG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diamondback Energy, Inc. (NASDAQ:FANG – Get Rating).

    Institutional Ownership by Quarter for Diamondback Energy (NASDAQ:FANG)

    Receive News & Ratings for Diamondback Energy Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Diamondback Energy and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • General Electric (NYSE:GE) Stake Lifted by Financial Advocates Investment Management

    General Electric (NYSE:GE) Stake Lifted by Financial Advocates Investment Management

    [ad_1]

    Financial Advocates Investment Management increased its stake in General Electric (NYSE:GE – Get Rating) by 591.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,091 shares of the conglomerate’s stock after acquiring an additional 22,315 shares during the period. Financial Advocates Investment Management’s holdings in General Electric were worth $189,000 at the end of the most recent reporting period.

    Several other institutional investors and hedge funds have also made changes to their positions in the stock. Global Wealth Management Investment Advisory Inc. lifted its stake in General Electric by 808.1% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 336 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 299 shares during the last quarter. Coston McIsaac & Partners acquired a new stake in General Electric during the second quarter valued at approximately $25,000. Standard Family Office LLC acquired a new stake in General Electric during the third quarter valued at approximately $29,000. RE Dickinson Investment Advisors LLC lifted its stake in General Electric by 37.5% during the third quarter. RE Dickinson Investment Advisors LLC now owns 477 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 130 shares during the last quarter. Finally, Worth Asset Management LLC acquired a new stake in General Electric during the first quarter valued at approximately $37,000. 70.12% of the stock is currently owned by institutional investors.

    Analyst Ratings Changes

    Several analysts recently commented on the stock. Wells Fargo & Company cut their target price on shares of General Electric from $82.00 to $80.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 25th. Morgan Stanley reduced their price target on shares of General Electric from $88.00 to $85.00 and set an “overweight” rating for the company in a research report on Monday, January 23rd. TheStreet upgraded shares of General Electric from a “c” rating to a “b-” rating in a research report on Friday, February 10th. StockNews.com upgraded shares of General Electric from a “hold” rating to a “buy” rating in a research report on Friday, February 3rd. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $88.00 price target on shares of General Electric in a research report on Monday. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $90.93.

    General Electric Trading Up 0.9 %

    GE stock opened at $87.06 on Tuesday. The company has a 50 day moving average of $81.25 and a two-hundred day moving average of $77.91. General Electric has a 12-month low of $46.55 and a 12-month high of $87.82. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.76.

    General Electric (NYSE:GE – Get Rating) last announced its quarterly earnings results on Tuesday, January 24th. The conglomerate reported $1.24 EPS for the quarter, topping the consensus estimate of $1.11 by $0.13. General Electric had a net margin of 0.29% and a return on equity of 8.47%. The company had revenue of $21.79 billion for the quarter, compared to analyst estimates of $22.11 billion. During the same quarter in the prior year, the business posted $0.92 EPS. General Electric’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, research analysts predict that General Electric will post 1.93 EPS for the current year.

    General Electric Announces Dividend

    The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 25th. Stockholders of record on Tuesday, March 7th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $0.32 annualized dividend and a dividend yield of 0.37%. General Electric’s dividend payout ratio (DPR) is -1,066.67%.

    About General Electric

    (Get Rating)

    General Electric Co engages in the provision of commercial and military aircraft engines and systems, wind, and other renewable energy generation equipment and grid solutions, and gas, steam, nuclear, and other power generation equipment. It operates through the following segments: Aviation, Healthcare, Renewable Energy, and Power.

    Further Reading

    Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Electric (NYSE:GE – Get Rating).

    Institutional Ownership by Quarter for General Electric (NYSE:GE)

    Receive News & Ratings for General Electric Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for General Electric and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • First Financial Northwest, Inc. (NASDAQ:FFNW) Shares Sold by Brandywine Global Investment Management LLC

    First Financial Northwest, Inc. (NASDAQ:FFNW) Shares Sold by Brandywine Global Investment Management LLC

    [ad_1]

    Brandywine Global Investment Management LLC lessened its stake in First Financial Northwest, Inc. (NASDAQ:FFNW – Get Rating) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 92,907 shares of the bank’s stock after selling 1,439 shares during the quarter. Brandywine Global Investment Management LLC owned about 1.02% of First Financial Northwest worth $1,379,000 at the end of the most recent reporting period.

    A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in First Financial Northwest by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 347,649 shares of the bank’s stock valued at $5,948,000 after buying an additional 4,255 shares in the last quarter. State Street Corp increased its position in First Financial Northwest by 20.5% during the second quarter. State Street Corp now owns 28,815 shares of the bank’s stock worth $448,000 after purchasing an additional 4,900 shares during the last quarter. Royal Bank of Canada boosted its holdings in First Financial Northwest by 13.6% in the 3rd quarter. Royal Bank of Canada now owns 10,000 shares of the bank’s stock valued at $148,000 after purchasing an additional 1,200 shares during the last quarter. UBS Group AG boosted its holdings in First Financial Northwest by 213.0% in the 2nd quarter. UBS Group AG now owns 1,800 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,225 shares during the last quarter. Finally, Strategic Value Bank Partners LLC grew its stake in shares of First Financial Northwest by 850.4% in the 2nd quarter. Strategic Value Bank Partners LLC now owns 70,586 shares of the bank’s stock valued at $1,097,000 after buying an additional 63,159 shares during the period. Hedge funds and other institutional investors own 40.45% of the company’s stock.

    First Financial Northwest Stock Up 1.1 %

    FFNW stock opened at $15.13 on Monday. First Financial Northwest, Inc. has a one year low of $14.25 and a one year high of $17.95. The firm has a market cap of $138.14 million, a PE ratio of 10.43 and a beta of 0.39. The firm’s 50 day moving average price is $15.07 and its 200-day moving average price is $15.04. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.02 and a current ratio of 1.02.

    First Financial Northwest (NASDAQ:FFNW – Get Rating) last posted its earnings results on Thursday, January 26th. The bank reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The business had revenue of $13.16 million during the quarter, compared to analysts’ expectations of $13.80 million. First Financial Northwest had a net margin of 21.19% and a return on equity of 8.41%. On average, equities research analysts anticipate that First Financial Northwest, Inc. will post 1.17 EPS for the current year.

    First Financial Northwest Increases Dividend

    The business also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Tuesday, March 14th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, March 13th. This is a boost from First Financial Northwest’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.44%. First Financial Northwest’s dividend payout ratio (DPR) is currently 33.10%.

    About First Financial Northwest

    (Get Rating)

    First Financial Northwest, Inc is a bank holding company, which engages in attracting deposits from the general public and provides lending services. Through its subsidiary, First Savings Bank Northwest, it offers commercial banking services, dynamic savings, stored savings, loaned savings, commercial savings, checking accounts, and money market accounts.

    See Also

    Want to see what other hedge funds are holding FFNW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Financial Northwest, Inc. (NASDAQ:FFNW – Get Rating).

    Institutional Ownership by Quarter for First Financial Northwest (NASDAQ:FFNW)

    Receive News & Ratings for First Financial Northwest Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for First Financial Northwest and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • EOG Resources, Inc. (NYSE:EOG) Shares Sold by Guggenheim Capital LLC

    EOG Resources, Inc. (NYSE:EOG) Shares Sold by Guggenheim Capital LLC

    [ad_1]

    Guggenheim Capital LLC lowered its position in EOG Resources, Inc. (NYSE:EOG – Get Rating) by 7.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,735 shares of the energy exploration company’s stock after selling 2,786 shares during the period. Guggenheim Capital LLC’s holdings in EOG Resources were worth $3,993,000 as of its most recent SEC filing.

    Other hedge funds have also made changes to their positions in the company. Westside Investment Management Inc. purchased a new position in EOG Resources during the 3rd quarter valued at about $22,346,000. HM Payson & Co. lifted its stake in EOG Resources by 54.3% in the 3rd quarter. HM Payson & Co. now owns 233 shares of the energy exploration company’s stock valued at $26,000 after buying an additional 82 shares in the last quarter. Lumature Wealth Partners LLC acquired a new stake in EOG Resources during the 1st quarter valued at $28,000. Miller Wealth Advisors LLC increased its position in EOG Resources by 126.1% during the second quarter. Miller Wealth Advisors LLC now owns 269 shares of the energy exploration company’s stock worth $30,000 after buying an additional 150 shares in the last quarter. Finally, Larson Financial Group LLC acquired a new position in shares of EOG Resources in the third quarter worth $31,000. Hedge funds and other institutional investors own 87.40% of the company’s stock.

    Insider Transactions at EOG Resources

    In other EOG Resources news, Director Michael T. Kerr purchased 20,000 shares of EOG Resources stock in a transaction that occurred on Thursday, January 12th. The stock was purchased at an average price of $130.49 per share, with a total value of $2,609,800.00. Following the completion of the acquisition, the director now owns 170,000 shares of the company’s stock, valued at approximately $22,183,300. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.40% of the company’s stock.

    Analyst Ratings Changes

    A number of research firms recently commented on EOG. Johnson Rice lowered EOG Resources from a “buy” rating to a “hold” rating and decreased their price objective for the company from $177.00 to $163.00 in a research note on Monday, December 5th. Credit Suisse Group cut their price objective on shares of EOG Resources from $160.00 to $155.00 and set an “outperform” rating for the company in a research report on Friday, February 24th. Barclays cut their price target on EOG Resources from $152.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, February 22nd. TD Securities cut EOG Resources from a “buy” rating to a “hold” rating in a report on Thursday, December 15th. Finally, Roth Capital reiterated a “buy” rating on shares of EOG Resources in a research note on Friday, February 24th. Six research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $155.59.

    EOG Resources Stock Performance

    Shares of NYSE:EOG opened at $113.02 on Wednesday. The business’s 50-day simple moving average is $127.35 and its 200 day simple moving average is $127.74. The company has a market cap of $66.42 billion, a P/E ratio of 8.56, a PEG ratio of 0.30 and a beta of 1.51. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.71 and a current ratio of 1.90. EOG Resources, Inc. has a one year low of $92.16 and a one year high of $150.88.

    EOG Resources (NYSE:EOG – Get Rating) last posted its quarterly earnings data on Friday, February 24th. The energy exploration company reported $3.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.01). The firm had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $6.09 billion. EOG Resources had a net margin of 30.19% and a return on equity of 34.95%. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.09 EPS. On average, sell-side analysts forecast that EOG Resources, Inc. will post 13.48 earnings per share for the current fiscal year.

    EOG Resources Dividend Announcement

    The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Friday, April 14th will be given a $0.825 dividend. The ex-dividend date of this dividend is Thursday, April 13th. This represents a $3.30 dividend on an annualized basis and a yield of 2.92%. EOG Resources’s payout ratio is currently 24.98%.

    EOG Resources Profile

    (Get Rating)

    EOG Resources, Inc engages in the exploration, development, production and marketing of crude oil and natural gas. It operates through the United States, Trinidad & Tobago, and Other International segments. The company was founded in 1985 and is headquartered in Houston, TX.

    Featured Articles

    Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

    Receive News & Ratings for EOG Resources Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for EOG Resources and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • Ameritas Advisory Services LLC Has $1.41 Million Stock Holdings in Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

    Ameritas Advisory Services LLC Has $1.41 Million Stock Holdings in Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

    [ad_1]

    Ameritas Advisory Services LLC grew its position in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Get Rating) by 9.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,483 shares of the energy company’s stock after purchasing an additional 733 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Cheniere Energy were worth $1,407,000 as of its most recent SEC filing.

    A number of other hedge funds have also recently made changes to their positions in LNG. Activest Wealth Management bought a new stake in shares of Cheniere Energy during the third quarter valued at approximately $25,000. Ronald Blue Trust Inc. bought a new stake in shares of Cheniere Energy during the second quarter valued at approximately $30,000. Point72 Hong Kong Ltd bought a new stake in shares of Cheniere Energy during the third quarter valued at approximately $36,000. Lumature Wealth Partners LLC purchased a new position in shares of Cheniere Energy during the third quarter valued at approximately $37,000. Finally, AdvisorNet Financial Inc purchased a new position in shares of Cheniere Energy during the third quarter valued at approximately $39,000. 84.25% of the stock is owned by institutional investors and hedge funds.

    Insiders Place Their Bets

    In other news, Director Vicky A. Bailey sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $141.50, for a total transaction of $382,050.00. Following the sale, the director now directly owns 33,862 shares of the company’s stock, valued at approximately $4,791,473. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

    Analyst Ratings Changes

    Several research analysts recently issued reports on the company. Mizuho lifted their target price on Cheniere Energy from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Friday. Cowen cut their target price on Cheniere Energy from $195.00 to $185.00 and set an “outperform” rating on the stock in a research report on Friday, January 20th. Raymond James reduced their price objective on Cheniere Energy from $210.00 to $205.00 and set a “strong-buy” rating for the company in a research note on Monday, January 23rd. Citigroup cut their price target on shares of Cheniere Energy from $205.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, January 9th. Finally, Barclays reduced their price target on shares of Cheniere Energy from $200.00 to $192.00 and set an “overweight” rating for the company in a research report on Friday, January 13th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $198.50.

    Cheniere Energy Trading Up 0.5 %

    Cheniere Energy stock opened at $158.50 on Tuesday. The company’s 50-day moving average price is $153.87. The company has a market cap of $39.41 billion, a P/E ratio of -10.38 and a beta of 1.00. Cheniere Energy, Inc. has a 52-week low of $120.09 and a 52-week high of $182.35.

    Cheniere Energy (NYSEAMERICAN:LNG – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The energy company reported $15.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.08 by $8.70. The company had revenue of $9.09 billion during the quarter, compared to the consensus estimate of $8.04 billion. Cheniere Energy had a negative return on equity of 249.96% and a negative net margin of 12.40%. The firm’s revenue was up 42.9% on a year-over-year basis. During the same period in the previous year, the company posted ($5.22) EPS. On average, equities research analysts forecast that Cheniere Energy, Inc. will post -7.54 EPS for the current fiscal year.

    Cheniere Energy Announces Dividend

    The firm also recently declared a quarterly dividend, which was paid on Monday, February 27th. Shareholders of record on Tuesday, February 7th were paid a $0.395 dividend. The ex-dividend date of this dividend was Monday, February 6th. This represents a $1.58 annualized dividend and a yield of 1.00%. Cheniere Energy’s payout ratio is -10.35%.

    Cheniere Energy Profile

    (Get Rating)

    Cheniere Energy, Inc engages in liquefied natural gas (LNG) related businesses. It owns and operates LNG terminals, develops, constructs, and operates liquefaction projects near Corpus Christi, Texas, and at the Sabine Pass LNG terminal. The company was founded by Charif Souki in 1996 and is headquartered in Houston, TX.

    Further Reading

    Institutional Ownership by Quarter for Cheniere Energy (NYSEAMERICAN:LNG)

    Receive News & Ratings for Cheniere Energy Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Cheniere Energy and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • FMC Co. (NYSE:FMC) Shares Sold by Gabelli Funds LLC

    FMC Co. (NYSE:FMC) Shares Sold by Gabelli Funds LLC

    [ad_1]

    Gabelli Funds LLC reduced its holdings in shares of FMC Co. (NYSE:FMC – Get Rating) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 76,200 shares of the basic materials company’s stock after selling 1,500 shares during the quarter. Gabelli Funds LLC owned approximately 0.06% of FMC worth $8,054,000 as of its most recent filing with the SEC.

    Other institutional investors and hedge funds have also made changes to their positions in the company. West Financial Advisors LLC acquired a new position in shares of FMC during the 3rd quarter worth about $28,000. Private Trust Co. NA acquired a new position in shares of FMC during the 2nd quarter worth about $28,000. Alpha Paradigm Partners LLC acquired a new position in shares of FMC during the 2nd quarter worth about $31,000. TCI Wealth Advisors Inc. boosted its position in shares of FMC by 269.0% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 310 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 226 shares in the last quarter. Finally, American National Bank acquired a new position in shares of FMC during the 3rd quarter worth about $40,000. 88.28% of the stock is owned by institutional investors and hedge funds.

    Wall Street Analyst Weigh In

    Several research analysts have recently issued reports on FMC shares. Loop Capital raised FMC from a “hold” rating to a “buy” rating and upped their price objective for the stock from $132.00 to $149.00 in a research report on Tuesday, November 15th. Royal Bank of Canada upped their target price on FMC from $139.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, February 10th. Credit Suisse Group upped their target price on FMC from $112.00 to $120.00 and gave the company an “underperform” rating in a research report on Wednesday, February 8th. The Goldman Sachs Group upped their target price on FMC from $155.00 to $159.00 and gave the company a “buy” rating in a research report on Tuesday, February 14th. Finally, UBS Group upped their target price on FMC from $142.00 to $147.00 and gave the company a “buy” rating in a research report on Wednesday, January 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.17.

    FMC Stock Performance

    Shares of FMC stock opened at $128.87 on Monday. The company has a market cap of $16.23 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 1.63 and a beta of 0.87. The stock has a 50 day simple moving average of $127.70 and a 200-day simple moving average of $120.87. FMC Co. has a 12-month low of $98.24 and a 12-month high of $140.99. The company has a current ratio of 1.43, a quick ratio of 1.00 and a debt-to-equity ratio of 0.80.

    FMC (NYSE:FMC – Get Rating) last issued its earnings results on Wednesday, February 8th. The basic materials company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.05. The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.53 billion. FMC had a return on equity of 29.29% and a net margin of 12.69%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.16 EPS. On average, equities analysts forecast that FMC Co. will post 7.92 EPS for the current year.

    FMC Dividend Announcement

    The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 20th. Stockholders of record on Friday, March 31st will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.80%. FMC’s dividend payout ratio (DPR) is 39.86%.

    Insider Transactions at FMC

    In other news, insider Nicholas Pfeiffer sold 500 shares of the stock in a transaction that occurred on Friday, December 2nd. The stock was sold at an average price of $132.56, for a total transaction of $66,280.00. Following the completion of the transaction, the insider now directly owns 11,222 shares of the company’s stock, valued at approximately $1,487,588.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.57% of the company’s stock.

    FMC Profile

    (Get Rating)

    FMC Corp. is an agricultural sciences company, which engages in the provision of solutions to growers and development of pipeline in crop protection, plant health, precision agriculture, and professional pest, and turf management. It offers insect control products under the Rynaxypyr and Cyazypyr brands, herbicides under the Authority, Boral, Centium, Command, and Gamit brands, insecticides under the Talstar and Hero brands, flutriafol-based fungicides, and bionematicides under the Quartzo and Presence brands.

    Read More

    Institutional Ownership by Quarter for FMC (NYSE:FMC)

    Receive News & Ratings for FMC Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for FMC and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • Canada Pension Plan Investment Board Acquires 96,540 Shares of NetApp, Inc. (NASDAQ:NTAP)

    Canada Pension Plan Investment Board Acquires 96,540 Shares of NetApp, Inc. (NASDAQ:NTAP)

    [ad_1]

    Canada Pension Plan Investment Board grew its holdings in shares of NetApp, Inc. (NASDAQ:NTAP – Get Rating) by 301.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,550 shares of the data storage provider’s stock after buying an additional 96,540 shares during the period. Canada Pension Plan Investment Board owned 0.06% of NetApp worth $7,951,000 as of its most recent SEC filing.

    Other hedge funds have also recently modified their holdings of the company. Ten Capital Wealth Advisors LLC bought a new stake in shares of NetApp during the 3rd quarter valued at $27,000. First Horizon Advisors Inc. boosted its holdings in shares of NetApp by 237.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 482 shares of the data storage provider’s stock valued at $31,000 after buying an additional 339 shares in the last quarter. Ronald Blue Trust Inc. raised its position in shares of NetApp by 183.5% in the 3rd quarter. Ronald Blue Trust Inc. now owns 550 shares of the data storage provider’s stock worth $36,000 after purchasing an additional 356 shares during the last quarter. Gradient Investments LLC raised its position in shares of NetApp by 57.3% in the 3rd quarter. Gradient Investments LLC now owns 629 shares of the data storage provider’s stock worth $39,000 after purchasing an additional 229 shares during the last quarter. Finally, Ameliora Wealth Management Ltd. purchased a new position in shares of NetApp in the 3rd quarter worth about $73,000. Institutional investors own 87.92% of the company’s stock.

    Analysts Set New Price Targets

    Several equities analysts have recently issued reports on the company. Cowen lowered their price target on NetApp from $93.00 to $80.00 and set an “outperform” rating for the company in a research report on Wednesday, November 30th. Cowen lowered their price target on NetApp from $93.00 to $80.00 and set an “outperform” rating for the company in a research report on Wednesday, November 30th. Raymond James lowered their price target on NetApp from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Thursday. StockNews.com lowered NetApp from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, UBS Group decreased their target price on NetApp from $78.00 to $74.00 and set a “neutral” rating for the company in a research report on Thursday. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $76.35.

    Insiders Place Their Bets

    In other NetApp news, CEO George Kurian sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $65.87, for a total value of $296,415.00. Following the completion of the transaction, the chief executive officer now directly owns 150,226 shares in the company, valued at approximately $9,895,386.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other NetApp news, CEO George Kurian sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $65.87, for a total value of $296,415.00. Following the completion of the transaction, the chief executive officer now directly owns 150,226 shares in the company, valued at approximately $9,895,386.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carrie Palin sold 2,707 shares of the company’s stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $64.30, for a total value of $174,060.10. The disclosure for this sale can be found here. Insiders sold 16,207 shares of company stock worth $1,045,305 in the last three months. 0.26% of the stock is owned by company insiders.

    NetApp Trading Down 1.3 %

    Shares of NASDAQ:NTAP opened at $65.38 on Friday. The stock has a 50 day moving average of $64.32 and a 200 day moving average of $67.24. The company has a market cap of $14.09 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 1.72 and a beta of 1.18. The company has a current ratio of 1.34, a quick ratio of 1.28 and a debt-to-equity ratio of 2.17. NetApp, Inc. has a 12-month low of $58.08 and a 12-month high of $90.20.

    NetApp (NASDAQ:NTAP – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The data storage provider reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.06. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.61 billion. NetApp had a return on equity of 103.19% and a net margin of 19.93%. The firm’s revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 EPS. As a group, equities research analysts expect that NetApp, Inc. will post 4.37 EPS for the current year.

    NetApp Dividend Announcement

    The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Thursday, April 6th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, April 5th. This represents a $2.00 annualized dividend and a yield of 3.06%. NetApp’s payout ratio is 34.42%.

    NetApp Profile

    (Get Rating)

    NetApp, Inc provides software, systems, and services to manage and share data on-premises, and private and public clouds worldwide. The company offers cloud data services, including NetApp Cloud Volumes Service for AWS, NetApp Cloud Volumes ONTAP, NetApp Cloud Sync, NetApp Cloud Secure, NetApp Cloud Tiering, NetApp SaaS Backup, NetApp Kubernetes Service, and NetApp Cloud Insights.

    See Also

    Want to see what other hedge funds are holding NTAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NetApp, Inc. (NASDAQ:NTAP – Get Rating).

    Institutional Ownership by Quarter for NetApp (NASDAQ:NTAP)

    Receive News & Ratings for NetApp Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for NetApp and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • Hsbc Holdings PLC Has $10.16 Million Position in Nordson Co. (NASDAQ:NDSN)

    Hsbc Holdings PLC Has $10.16 Million Position in Nordson Co. (NASDAQ:NDSN)

    [ad_1]

    Hsbc Holdings PLC cut its stake in shares of Nordson Co. (NASDAQ:NDSN – Get Rating) by 12.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,451 shares of the industrial products company’s stock after selling 6,729 shares during the quarter. Hsbc Holdings PLC owned approximately 0.08% of Nordson worth $10,162,000 as of its most recent SEC filing.

    Several other hedge funds and other institutional investors have also recently bought and sold shares of NDSN. Pictet Asset Management SA increased its position in Nordson by 3.3% in the 3rd quarter. Pictet Asset Management SA now owns 25,989 shares of the industrial products company’s stock valued at $5,517,000 after buying an additional 834 shares in the last quarter. Brown Advisory Inc. lifted its stake in Nordson by 7.5% in the third quarter. Brown Advisory Inc. now owns 3,800 shares of the industrial products company’s stock valued at $807,000 after purchasing an additional 265 shares during the last quarter. Intech Investment Management LLC raised its holdings in Nordson by 1,164.2% during the 3rd quarter. Intech Investment Management LLC now owns 94,319 shares of the industrial products company’s stock valued at $20,021,000 after acquiring an additional 86,858 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in Nordson by 10.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 24,016 shares of the industrial products company’s stock valued at $5,098,000 after acquiring an additional 2,229 shares during the period. Finally, Condor Capital Management increased its holdings in shares of Nordson by 1.5% in the third quarter. Condor Capital Management now owns 7,662 shares of the industrial products company’s stock worth $1,626,000 after purchasing an additional 111 shares during the period. 70.40% of the stock is owned by institutional investors and hedge funds.

    Analyst Ratings Changes

    Several research firms have recently weighed in on NDSN. Robert W. Baird decreased their price target on shares of Nordson from $259.00 to $241.00 and set an “outperform” rating on the stock in a report on Wednesday. StockNews.com upgraded shares of Nordson from a “hold” rating to a “buy” rating in a report on Friday, February 10th. Finally, DA Davidson lowered their price objective on shares of Nordson to $265.00 in a report on Thursday, October 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Nordson currently has an average rating of “Moderate Buy” and a consensus price target of $255.20.

    Insider Buying and Selling

    In related news, EVP Shelly Peet sold 1,611 shares of the business’s stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $238.00, for a total transaction of $383,418.00. Following the completion of the transaction, the executive vice president now owns 25,061 shares in the company, valued at approximately $5,964,518. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Joseph P. Kelley sold 2,100 shares of the stock in a transaction on Monday, February 6th. The shares were sold at an average price of $246.43, for a total value of $517,503.00. Following the sale, the chief financial officer now owns 9,091 shares in the company, valued at $2,240,295.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Shelly Peet sold 1,611 shares of the stock in a transaction on Monday, January 9th. The stock was sold at an average price of $238.00, for a total transaction of $383,418.00. Following the completion of the sale, the executive vice president now owns 25,061 shares in the company, valued at approximately $5,964,518. The disclosure for this sale can be found here. Insiders sold a total of 10,403 shares of company stock worth $2,515,941 in the last 90 days. 0.70% of the stock is owned by corporate insiders.

    Nordson Stock Performance

    Shares of NASDAQ NDSN opened at $221.04 on Thursday. The firm’s fifty day moving average is $239.01 and its two-hundred day moving average is $231.71. Nordson Co. has a 52-week low of $194.89 and a 52-week high of $251.26. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.43. The company has a market cap of $12.64 billion, a P/E ratio of 25.76, a P/E/G ratio of 1.74 and a beta of 0.91.

    Nordson (NASDAQ:NDSN – Get Rating) last released its quarterly earnings data on Tuesday, February 21st. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.03). Nordson had a net margin of 19.18% and a return on equity of 23.67%. The company had revenue of $610.48 million during the quarter, compared to analysts’ expectations of $625.87 million. During the same period last year, the firm earned $2.07 earnings per share. As a group, analysts anticipate that Nordson Co. will post 9.35 EPS for the current fiscal year.

    Nordson Announces Dividend

    The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 7th. Investors of record on Tuesday, February 21st will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, February 17th. This represents a $2.60 annualized dividend and a dividend yield of 1.18%. Nordson’s dividend payout ratio (DPR) is presently 30.30%.

    Nordson Profile

    (Get Rating)

    Nordson Corp. engages in the engineering, manufacture and market of products and systems used for adhesives, coatings, sealants, biomaterials and other materials. It operates through the following segments: Industrial Precision Solutions and Advanced Technology Solution. The Industrial Precision Solutions segment enhances the technology synergies between adhesive dispensing systems and industrial coating systems to deliver proprietary dispensing and processing technology to diverse end markets.

    Read More

    Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

    Receive News & Ratings for Nordson Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Nordson and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • ANSYS, Inc. (NASDAQ:ANSS) Shares Purchased by Aviva PLC

    ANSYS, Inc. (NASDAQ:ANSS) Shares Purchased by Aviva PLC

    [ad_1]

    Aviva PLC boosted its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS – Get Rating) by 11.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,350 shares of the software maker’s stock after buying an additional 10,267 shares during the period. Aviva PLC owned approximately 0.11% of ANSYS worth $21,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

    Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Waldron Private Wealth LLC increased its holdings in shares of ANSYS by 2.2% in the second quarter. Waldron Private Wealth LLC now owns 1,739 shares of the software maker’s stock valued at $416,000 after purchasing an additional 37 shares during the period. Janiczek Wealth Management LLC increased its holdings in ANSYS by 60.7% in the 2nd quarter. Janiczek Wealth Management LLC now owns 98 shares of the software maker’s stock worth $27,000 after buying an additional 37 shares during the period. Cetera Investment Advisers raised its position in ANSYS by 1.7% during the 2nd quarter. Cetera Investment Advisers now owns 2,321 shares of the software maker’s stock worth $555,000 after buying an additional 38 shares during the last quarter. Veritable L.P. lifted its stake in ANSYS by 1.9% during the 3rd quarter. Veritable L.P. now owns 2,206 shares of the software maker’s stock valued at $489,000 after acquiring an additional 42 shares during the period. Finally, Trust Asset Management LLC lifted its stake in ANSYS by 5.3% during the 2nd quarter. Trust Asset Management LLC now owns 918 shares of the software maker’s stock valued at $220,000 after acquiring an additional 46 shares during the period. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

    Wall Street Analyst Weigh In

    ANSS has been the topic of a number of research reports. Barclays increased their price objective on shares of ANSYS from $200.00 to $226.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 11th. Oppenheimer reduced their price objective on ANSYS from $325.00 to $275.00 in a research note on Thursday, November 3rd. Credit Suisse Group decreased their price objective on ANSYS from $319.00 to $274.00 and set an “outperform” rating for the company in a report on Friday, November 4th. Mizuho raised their target price on ANSYS from $210.00 to $220.00 and gave the stock a “neutral” rating in a report on Thursday, December 8th. Finally, Royal Bank of Canada decreased their price target on ANSYS from $260.00 to $248.00 and set a “sector perform” rating for the company in a report on Friday, November 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $263.55.

    ANSYS Stock Down 0.9 %

    Shares of ANSS opened at $270.76 on Monday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.17. The firm has a market cap of $23.59 billion, a P/E ratio of 50.70, a PEG ratio of 5.14 and a beta of 1.26. The stock’s 50 day moving average is $254.84 and its two-hundred day moving average is $246.58. ANSYS, Inc. has a 12 month low of $194.23 and a 12 month high of $333.83.

    ANSYS Company Profile

    (Get Rating)

    ANSYS, Inc engages in the development and marketing of engineering simulation software and services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa, and Asia-Pacific. The firm’s solutions include automotive, aerospace and defense, construction, energy, materials and chemical processing, autonomous engineering, and electrification.

    See Also

    Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

    Receive News & Ratings for ANSYS Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for ANSYS and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • Ontario Teachers Pension Plan Board Has $1.27 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

    Ontario Teachers Pension Plan Board Has $1.27 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

    [ad_1]

    Ontario Teachers Pension Plan Board raised its holdings in United Parcel Service, Inc. (NYSE:UPS – Get Rating) by 216.6% in the third quarter, Holdings Channel reports. The fund owned 7,852 shares of the transportation company’s stock after acquiring an additional 5,372 shares during the period. Ontario Teachers Pension Plan Board’s holdings in United Parcel Service were worth $1,268,000 at the end of the most recent quarter.

    A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. S&T Bank PA grew its stake in United Parcel Service by 1.2% in the second quarter. S&T Bank PA now owns 4,300 shares of the transportation company’s stock valued at $785,000 after acquiring an additional 50 shares during the period. Navellier & Associates Inc. lifted its holdings in shares of United Parcel Service by 2.5% in the second quarter. Navellier & Associates Inc. now owns 2,211 shares of the transportation company’s stock valued at $404,000 after purchasing an additional 54 shares in the last quarter. Investment Partners LTD. lifted its holdings in shares of United Parcel Service by 3.0% in the second quarter. Investment Partners LTD. now owns 1,985 shares of the transportation company’s stock valued at $362,000 after purchasing an additional 57 shares in the last quarter. SkyOak Wealth LLC lifted its holdings in shares of United Parcel Service by 0.4% in the third quarter. SkyOak Wealth LLC now owns 13,547 shares of the transportation company’s stock valued at $2,188,000 after purchasing an additional 60 shares in the last quarter. Finally, Summit Asset Management LLC lifted its holdings in shares of United Parcel Service by 1.7% in the third quarter. Summit Asset Management LLC now owns 3,579 shares of the transportation company’s stock valued at $578,000 after purchasing an additional 60 shares in the last quarter. 58.92% of the stock is owned by institutional investors and hedge funds.

    Wall Street Analysts Forecast Growth

    A number of analysts have recently commented on the company. Evercore ISI boosted their price target on United Parcel Service from $181.00 to $203.00 and gave the company an “in-line” rating in a report on Monday, December 19th. StockNews.com lowered United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, February 1st. Susquehanna Bancshares upped their target price on United Parcel Service from $160.00 to $165.00 in a report on Wednesday, October 26th. Raymond James dropped their target price on United Parcel Service from $210.00 to $207.00 and set a “strong-buy” rating on the stock in a report on Wednesday, February 1st. Finally, Cowen upped their target price on United Parcel Service from $187.00 to $195.00 and gave the stock a “market perform” rating in a report on Wednesday, February 1st. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $195.48.

    United Parcel Service Trading Down 0.4 %

    NYSE:UPS opened at $183.21 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.39 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $158.46 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 2.21 and a beta of 1.12. The firm’s 50 day moving average is $180.81 and its 200 day moving average is $180.99. United Parcel Service, Inc. has a 12 month low of $154.87 and a 12 month high of $223.97.

    United Parcel Service (NYSE:UPS – Get Rating) last released its quarterly earnings data on Tuesday, January 31st. The transportation company reported $3.62 earnings per share for the quarter, beating analysts’ consensus estimates of $3.59 by $0.03. The business had revenue of $27 billion during the quarter, compared to analyst estimates of $28.03 billion. United Parcel Service had a net margin of 11.51% and a return on equity of 66.10%. United Parcel Service’s revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.59 EPS. Sell-side analysts expect that United Parcel Service, Inc. will post 11.59 earnings per share for the current year.

    United Parcel Service Increases Dividend

    The business also recently announced a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Tuesday, February 21st will be given a $1.62 dividend. The ex-dividend date of this dividend is Friday, February 17th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.52. This represents a $6.48 annualized dividend and a yield of 3.54%. United Parcel Service’s payout ratio is 46.06%.

    United Parcel Service announced that its board has authorized a stock repurchase program on Tuesday, January 31st that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the transportation company to repurchase up to 3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

    United Parcel Service Profile

    (Get Rating)

    United Parcel Service, Inc operates as a logistics and package delivery company that provides supply chain management services. Its logistics services include transportation, distribution, contract logistics, ground freight, ocean freight, air freight, customs brokerage, insurance, and financing. The firm operates through the following segments: U.S.

    Further Reading

    Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS – Get Rating).

    Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

    Receive News & Ratings for United Parcel Service Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for United Parcel Service and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • California Public Employees Retirement System Has $13.30 Million Stake in Curtiss-Wright Co. (NYSE:CW)

    California Public Employees Retirement System Has $13.30 Million Stake in Curtiss-Wright Co. (NYSE:CW)

    [ad_1]

    California Public Employees Retirement System increased its stake in shares of Curtiss-Wright Co. (NYSE:CW – Get Rating) by 4.3% during the third quarter, HoldingsChannel.com reports. The fund owned 95,549 shares of the aerospace company’s stock after purchasing an additional 3,901 shares during the period. California Public Employees Retirement System’s holdings in Curtiss-Wright were worth $13,297,000 as of its most recent SEC filing.

    A number of other hedge funds have also made changes to their positions in the stock. Congress Wealth Management LLC DE lifted its position in shares of Curtiss-Wright by 20.6% in the 3rd quarter. Congress Wealth Management LLC DE now owns 8,473 shares of the aerospace company’s stock worth $1,180,000 after acquiring an additional 1,450 shares during the period. Congress Asset Management Co. MA raised its holdings in shares of Curtiss-Wright by 36.9% in the 3rd quarter. Congress Asset Management Co. MA now owns 15,428 shares of the aerospace company’s stock worth $2,147,000 after buying an additional 4,161 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Curtiss-Wright by 1.3% in the 3rd quarter. Treasurer of the State of North Carolina now owns 16,407 shares of the aerospace company’s stock worth $2,283,000 after buying an additional 210 shares in the last quarter. Eagle Asset Management Inc. acquired a new position in shares of Curtiss-Wright in the 3rd quarter worth approximately $2,094,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Curtiss-Wright by 122.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 35,087 shares of the aerospace company’s stock worth $4,880,000 after buying an additional 19,318 shares in the last quarter. Institutional investors and hedge funds own 84.95% of the company’s stock.

    Analysts Set New Price Targets

    A number of equities analysts have recently issued reports on CW shares. Truist Financial increased their target price on Curtiss-Wright from $175.00 to $183.00 in a report on Monday, January 9th. Morgan Stanley cut Curtiss-Wright from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $187.00 to $188.00 in a report on Monday, December 12th. Robert W. Baird raised their price target on Curtiss-Wright from $157.00 to $186.00 in a report on Friday, November 4th. Finally, StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Friday, February 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $178.40.

    Curtiss-Wright Stock Down 0.6 %

    NYSE CW opened at $170.30 on Wednesday. The stock has a fifty day moving average of $166.24 and a 200-day moving average of $159.78. The stock has a market capitalization of $6.52 billion, a P/E ratio of 25.30 and a beta of 1.24. Curtiss-Wright Co. has a 52 week low of $124.37 and a 52 week high of $182.55. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.08 and a current ratio of 1.68.

    Curtiss-Wright Dividend Announcement

    The company also recently announced a quarterly dividend, which was paid on Thursday, December 1st. Stockholders of record on Wednesday, November 23rd were paid a $0.19 dividend. The ex-dividend date was Tuesday, November 22nd. This represents a $0.76 annualized dividend and a dividend yield of 0.45%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 11.29%.

    About Curtiss-Wright

    (Get Rating)

    Curtiss-Wright Corporation is a global integrated business that provides engineered products, solutions, and services mainly to the aerospace and defense markets, as well as critical technologies in demanding commercial power, process, and industrial markets. It operates through the following three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.

    Featured Stories

    Want to see what other hedge funds are holding CW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Curtiss-Wright Co. (NYSE:CW – Get Rating).

    Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

    Receive News & Ratings for Curtiss-Wright Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Curtiss-Wright and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • Strategic Wealth Advisors Group LLC Sells 156 Shares of Caterpillar Inc. (NYSE:CAT)

    Strategic Wealth Advisors Group LLC Sells 156 Shares of Caterpillar Inc. (NYSE:CAT)

    [ad_1]

    Strategic Wealth Advisors Group LLC reduced its position in shares of Caterpillar Inc. (NYSE:CAT – Get Rating) by 0.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,111 shares of the industrial products company’s stock after selling 156 shares during the quarter. Strategic Wealth Advisors Group LLC’s holdings in Caterpillar were worth $3,628,000 as of its most recent filing with the Securities and Exchange Commission.

    Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CAT. Ontario Teachers Pension Plan Board bought a new stake in Caterpillar during the 1st quarter worth about $433,134,000. Barclays PLC raised its holdings in Caterpillar by 168.0% during the 3rd quarter. Barclays PLC now owns 977,373 shares of the industrial products company’s stock worth $160,368,000 after purchasing an additional 612,692 shares during the last quarter. Amundi raised its holdings in Caterpillar by 15.6% during the 2nd quarter. Amundi now owns 3,130,082 shares of the industrial products company’s stock worth $531,926,000 after purchasing an additional 422,355 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Caterpillar by 152.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 91,690 shares of the industrial products company’s stock worth $15,044,000 after purchasing an additional 265,691 shares during the last quarter. Finally, Bridgewater Associates LP bought a new stake in Caterpillar during the 1st quarter worth about $39,035,000. 68.02% of the stock is owned by institutional investors.

    Insider Buying and Selling at Caterpillar

    In related news, General Counsel Suzette M. Long sold 8,000 shares of Caterpillar stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $251.04, for a total value of $2,008,320.00. Following the completion of the transaction, the general counsel now owns 8,776 shares in the company, valued at $2,203,127.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Daniel M. Dickinson sold 6,070 shares of Caterpillar stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $251.22, for a total value of $1,524,905.40. Following the completion of the transaction, the director now owns 5,038 shares in the company, valued at $1,265,646.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Suzette M. Long sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $251.04, for a total value of $2,008,320.00. Following the transaction, the general counsel now owns 8,776 shares of the company’s stock, valued at approximately $2,203,127.04. The disclosure for this sale can be found here. Insiders have sold a total of 90,984 shares of company stock valued at $22,519,893 over the last ninety days. 0.27% of the stock is currently owned by company insiders.

    Wall Street Analysts Forecast Growth

    Several equities analysts have recently issued reports on the company. UBS Group lowered Caterpillar from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $225.00 to $230.00 in a research report on Monday, October 31st. BMO Capital Markets boosted their price objective on Caterpillar from $210.00 to $230.00 in a research report on Tuesday, February 7th. Citigroup boosted their price objective on Caterpillar to $250.00 in a research report on Wednesday, December 14th. Cowen boosted their price objective on Caterpillar from $240.00 to $264.00 and gave the company an “outperform” rating in a research report on Friday, December 9th. Finally, Robert W. Baird boosted their price objective on Caterpillar from $224.00 to $242.00 in a research report on Thursday, October 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.00.

    Caterpillar Price Performance

    CAT opened at $247.67 on Monday. The stock has a market capitalization of $128.89 billion, a P/E ratio of 19.58, a PEG ratio of 1.33 and a beta of 1.11. Caterpillar Inc. has a 12-month low of $160.60 and a 12-month high of $266.04. The stock has a 50-day moving average price of $244.64 and a 200-day moving average price of $214.09. The company has a current ratio of 1.39, a quick ratio of 0.87 and a debt-to-equity ratio of 1.62.

    Caterpillar (NYSE:CAT – Get Rating) last announced its earnings results on Tuesday, January 31st. The industrial products company reported $3.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.95 by ($0.09). Caterpillar had a return on equity of 45.61% and a net margin of 11.28%. The firm had revenue of $16.60 billion during the quarter, compared to the consensus estimate of $15.84 billion. During the same period in the prior year, the company posted $2.69 EPS. The firm’s revenue was up 20.3% on a year-over-year basis. Equities analysts predict that Caterpillar Inc. will post 15.56 earnings per share for the current fiscal year.

    Caterpillar Announces Dividend

    The business also recently announced a quarterly dividend, which will be paid on Friday, February 17th. Investors of record on Friday, January 20th will be issued a $1.20 dividend. The ex-dividend date is Thursday, January 19th. This represents a $4.80 dividend on an annualized basis and a yield of 1.94%. Caterpillar’s dividend payout ratio is currently 37.94%.

    About Caterpillar

    (Get Rating)

    Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

    See Also

    Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT – Get Rating).

    Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

    Receive News & Ratings for Caterpillar Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Caterpillar and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • Signaturefd LLC Has $184,000 Stake in Nokia Oyj (NYSE:NOK)

    Signaturefd LLC Has $184,000 Stake in Nokia Oyj (NYSE:NOK)

    [ad_1]

    Signaturefd LLC grew its position in shares of Nokia Oyj (NYSE:NOK – Get Rating) by 12.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,172 shares of the technology company’s stock after buying an additional 4,844 shares during the quarter. Signaturefd LLC’s holdings in Nokia Oyj were worth $184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

    Several other institutional investors have also made changes to their positions in NOK. Buckingham Strategic Wealth LLC acquired a new stake in Nokia Oyj in the 3rd quarter worth approximately $44,000. Flputnam Investment Management Co. acquired a new stake in Nokia Oyj in the 3rd quarter worth approximately $248,000. Schechter Investment Advisors LLC lifted its holdings in Nokia Oyj by 55.7% in the 3rd quarter. Schechter Investment Advisors LLC now owns 38,377 shares of the technology company’s stock worth $164,000 after purchasing an additional 13,725 shares during the last quarter. Yousif Capital Management LLC lifted its holdings in Nokia Oyj by 9.0% in the 3rd quarter. Yousif Capital Management LLC now owns 95,206 shares of the technology company’s stock worth $407,000 after purchasing an additional 7,900 shares during the last quarter. Finally, West Family Investments Inc. acquired a new stake in Nokia Oyj in the 3rd quarter worth approximately $137,000. 7.57% of the stock is currently owned by institutional investors and hedge funds.

    Analysts Set New Price Targets

    Several research firms recently weighed in on NOK. StockNews.com upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a report on Tuesday, November 1st. Morgan Stanley started coverage on Nokia Oyj in a report on Tuesday, November 8th. They set an “equal weight” rating for the company. Barclays cut their price target on Nokia Oyj from €5.60 ($6.02) to €5.30 ($5.70) in a report on Monday, October 24th. Raymond James upped their price target on Nokia Oyj from $6.50 to $7.00 and gave the stock an “outperform” rating in a report on Friday, January 27th. Finally, Societe Generale cut their price target on Nokia Oyj from €5.80 ($6.24) to €5.40 ($5.81) and set a “buy” rating for the company in a report on Tuesday, October 25th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.88.

    Nokia Oyj Stock Performance

    NOK opened at $4.70 on Wednesday. The stock has a market cap of $26.47 billion, a PE ratio of 6.03, a P/E/G ratio of 5.76 and a beta of 0.90. The company has a current ratio of 1.59, a quick ratio of 1.33 and a debt-to-equity ratio of 0.20. Nokia Oyj has a 1 year low of $4.08 and a 1 year high of $5.85. The stock’s 50 day simple moving average is $4.78 and its 200-day simple moving average is $4.76.

    Nokia Oyj (NYSE:NOK – Get Rating) last released its quarterly earnings data on Thursday, January 26th. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Nokia Oyj had a return on equity of 12.31% and a net margin of 16.73%. The business had revenue of $7.45 billion for the quarter, compared to analysts’ expectations of $7.10 billion. During the same period in the previous year, the business posted $0.15 earnings per share. Nokia Oyj’s quarterly revenue was up 16.1% on a year-over-year basis. Sell-side analysts forecast that Nokia Oyj will post 0.46 EPS for the current year.

    Nokia Oyj Increases Dividend

    The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 14th. Shareholders of record on Tuesday, January 31st will be given a $0.0218 dividend. This represents a $0.09 dividend on an annualized basis and a yield of 1.86%. This is a boost from Nokia Oyj’s previous quarterly dividend of $0.01. The ex-dividend date is Monday, January 30th. Nokia Oyj’s dividend payout ratio is 7.69%.

    Nokia Oyj Profile

    (Get Rating)

    Nokia Oyj engages in the provision of network infrastructure, technology, and software services. It operates through the following segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. The Mobile Networks segment offers technologies for Radio Access Networks (RAN) as well as Microwave Radio Links (MWR) for transport networks.

    Featured Articles

    Institutional Ownership by Quarter for Nokia Oyj (NYSE:NOK)

    Receive News & Ratings for Nokia Oyj Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Nokia Oyj and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • Zions Bancorporation N.A. Takes $105,000 Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

    Zions Bancorporation N.A. Takes $105,000 Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

    [ad_1]

    Zions Bancorporation N.A. bought a new position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD – Get Rating) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,078 shares of the company’s stock, valued at approximately $105,000.

    Other hedge funds have also recently added to or reduced their stakes in the company. Country Trust Bank purchased a new stake in Warner Bros. Discovery during the 3rd quarter worth about $25,000. Financial Management Professionals Inc. acquired a new stake in shares of Warner Bros. Discovery during the 3rd quarter worth about $26,000. Lee Financial Co purchased a new stake in Warner Bros. Discovery during the third quarter worth approximately $27,000. Tsfg LLC purchased a new position in Warner Bros. Discovery in the third quarter valued at approximately $29,000. Finally, Sargent Bickham Lagudis LLC acquired a new stake in Warner Bros. Discovery during the third quarter worth approximately $30,000. Institutional investors and hedge funds own 55.18% of the company’s stock.

    Warner Bros. Discovery Trading Down 3.1 %

    Shares of NASDAQ:WBD opened at $15.42 on Monday. Warner Bros. Discovery, Inc. has a fifty-two week low of $8.82 and a fifty-two week high of $27.50. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.98. The firm’s 50-day simple moving average is $11.65 and its 200-day simple moving average is $12.38.

    Warner Bros. Discovery (NASDAQ:WBD – Get Rating) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.15. Warner Bros. Discovery had a negative net margin of 20.13% and a positive return on equity of 2.18%. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $10.51 billion. As a group, equities analysts predict that Warner Bros. Discovery, Inc. will post 0.64 EPS for the current year.

    Wall Street Analysts Forecast Growth

    Several research analysts have recently issued reports on the stock. Credit Suisse Group lowered their target price on shares of Warner Bros. Discovery from $39.00 to $36.00 and set an “outperform” rating for the company in a report on Thursday, October 13th. Barclays dropped their price objective on Warner Bros. Discovery from $17.00 to $15.00 in a report on Tuesday, October 11th. Guggenheim raised Warner Bros. Discovery from a “neutral” rating to a “buy” rating and set a $16.50 target price for the company in a report on Wednesday, January 11th. Macquarie raised their price target on Warner Bros. Discovery from $16.00 to $20.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 31st. Finally, Cowen reduced their price objective on Warner Bros. Discovery to $17.00 in a research note on Tuesday, November 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $22.53.

    Warner Bros. Discovery Profile

    (Get Rating)

    Warner Bros. Discovery, Inc operates as a media and entertainment company. It creates and distributes a portfolio of content and brands across television, film, and streaming. Its brands and products include Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, Investigation Discovery, TLC, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros.

    Featured Stories

    Want to see what other hedge funds are holding WBD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Warner Bros. Discovery, Inc. (NASDAQ:WBD – Get Rating).

    Institutional Ownership by Quarter for Warner Bros. Discovery (NASDAQ:WBD)

    Receive News & Ratings for Warner Bros. Discovery Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Warner Bros. Discovery and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • Spire Wealth Management Has $49,000 Stock Position in Aflac Incorporated (NYSE:AFL)

    Spire Wealth Management Has $49,000 Stock Position in Aflac Incorporated (NYSE:AFL)

    [ad_1]

    Spire Wealth Management lowered its holdings in Aflac Incorporated (NYSE:AFL – Get Rating) by 64.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 873 shares of the financial services provider’s stock after selling 1,562 shares during the quarter. Spire Wealth Management’s holdings in Aflac were worth $49,000 at the end of the most recent quarter.

    A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its holdings in shares of Aflac by 0.6% during the 2nd quarter. Wells Fargo & Company MN now owns 16,300,968 shares of the financial services provider’s stock worth $901,933,000 after purchasing an additional 89,414 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Aflac by 3.5% during the 2nd quarter. Legal & General Group Plc now owns 5,755,915 shares of the financial services provider’s stock worth $318,476,000 after purchasing an additional 192,480 shares in the last quarter. Maj Invest Holding A S grew its holdings in shares of Aflac by 16.5% during the 3rd quarter. Maj Invest Holding A S now owns 5,061,371 shares of the financial services provider’s stock worth $325,902,000 after purchasing an additional 715,304 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Aflac by 62.4% during the 1st quarter. Invesco Ltd. now owns 4,936,608 shares of the financial services provider’s stock worth $317,865,000 after purchasing an additional 1,897,212 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Aflac by 2.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,286,052 shares of the financial services provider’s stock worth $211,590,000 after purchasing an additional 72,705 shares in the last quarter. Institutional investors and hedge funds own 66.22% of the company’s stock.

    Analysts Set New Price Targets

    Several brokerages have recently weighed in on AFL. Raymond James lifted their price objective on Aflac from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday, January 30th. Evercore ISI set a $66.00 price objective on Aflac in a research report on Thursday, November 17th. Morgan Stanley lifted their price objective on Aflac from $76.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday. JPMorgan Chase & Co. boosted their target price on Aflac from $62.00 to $66.00 and gave the stock a “neutral” rating in a research report on Friday, January 6th. Finally, Citigroup boosted their target price on Aflac from $61.00 to $70.00 in a research report on Wednesday, November 16th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Aflac currently has an average rating of “Hold” and an average price target of $71.00.

    Insider Buying and Selling at Aflac

    In other Aflac news, EVP Eric M. Kirsch sold 28,400 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $70.90, for a total value of $2,013,560.00. Following the sale, the executive vice president now owns 35,721 shares in the company, valued at $2,532,618.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Toshihiko Fukuzawa sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $70.64, for a total value of $98,896.00. Following the transaction, the director now owns 10,258 shares of the company’s stock, valued at $724,625.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Eric M. Kirsch sold 28,400 shares of the stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $70.90, for a total value of $2,013,560.00. Following the sale, the executive vice president now directly owns 35,721 shares in the company, valued at approximately $2,532,618.90. The disclosure for this sale can be found here. Insiders have sold 57,388 shares of company stock worth $4,065,339 over the last 90 days. Company insiders own 1.10% of the company’s stock.

    Aflac Stock Performance

    AFL opened at $69.39 on Friday. Aflac Incorporated has a 52-week low of $52.07 and a 52-week high of $74.01. The firm has a market capitalization of $43.15 billion, a PE ratio of 10.48, a PEG ratio of 2.67 and a beta of 0.92. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.07 and a current ratio of 0.07. The business’s 50-day simple moving average is $71.59 and its 200 day simple moving average is $65.03.

    Aflac (NYSE:AFL – Get Rating) last released its earnings results on Thursday, February 2nd. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.08. Aflac had a return on equity of 13.14% and a net margin of 21.54%. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.49 billion. During the same quarter in the prior year, the company posted $1.28 earnings per share. Aflac’s revenue was down 26.2% on a year-over-year basis. As a group, sell-side analysts expect that Aflac Incorporated will post 5.48 earnings per share for the current fiscal year.

    Aflac Increases Dividend

    The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th will be paid a $0.42 dividend. This is a positive change from Aflac’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, February 14th. This represents a $1.68 annualized dividend and a yield of 2.42%. Aflac’s dividend payout ratio is currently 24.35%.

    Aflac announced that its Board of Directors has authorized a share buyback plan on Tuesday, November 8th that allows the company to repurchase 100,000,000 outstanding shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

    About Aflac

    (Get Rating)

    Aflac, Inc is a holding company. engages in the provision of financial protection services. It operates through the followings segments: Aflac Japan and Aflac United States (U.S.). The Aflac Japan segment offers life insurance, death benefits, and cash surrender values. The Aflac U.S. segment sells voluntary supplemental insurance products for people who already have major medical or primary insurance coverage.

    Read More

    Institutional Ownership by Quarter for Aflac (NYSE:AFL)

    Receive News & Ratings for Aflac Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Aflac and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • Nisa Investment Advisors LLC Sells 3,421 Shares of Cadence Design Systems, Inc. (NASDAQ:CDNS)

    Nisa Investment Advisors LLC Sells 3,421 Shares of Cadence Design Systems, Inc. (NASDAQ:CDNS)

    [ad_1]

    Nisa Investment Advisors LLC reduced its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS – Get Rating) by 3.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 87,397 shares of the software maker’s stock after selling 3,421 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Cadence Design Systems were worth $14,269,000 at the end of the most recent reporting period.

    A number of other hedge funds and other institutional investors have also recently modified their holdings of CDNS. SeaCrest Wealth Management LLC bought a new stake in Cadence Design Systems in the second quarter worth $29,000. American National Bank bought a new stake in Cadence Design Systems in the third quarter worth $33,000. Zions Bancorporation N.A. lifted its position in shares of Cadence Design Systems by 108.3% during the first quarter. Zions Bancorporation N.A. now owns 225 shares of the software maker’s stock worth $37,000 after purchasing an additional 117 shares during the last quarter. Private Trust Co. NA bought a new stake in shares of Cadence Design Systems during the second quarter worth $35,000. Finally, GHP Investment Advisors Inc. lifted its position in shares of Cadence Design Systems by 252.9% during the second quarter. GHP Investment Advisors Inc. now owns 247 shares of the software maker’s stock worth $37,000 after purchasing an additional 177 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors.

    Insider Transactions at Cadence Design Systems

    In other news, VP Karna Nisewaner sold 1,000 shares of the business’s stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $180.00, for a total transaction of $180,000.00. Following the sale, the vice president now owns 15,793 shares in the company, valued at $2,842,740. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Lip Bu Tan sold 42,500 shares of Cadence Design Systems stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $173.39, for a total transaction of $7,369,075.00. Following the completion of the sale, the insider now owns 602,589 shares of the company’s stock, valued at $104,482,906.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Karna Nisewaner sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $180.00, for a total value of $180,000.00. Following the completion of the transaction, the vice president now directly owns 15,793 shares of the company’s stock, valued at $2,842,740. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 134,250 shares of company stock worth $22,415,385. Insiders own 1.99% of the company’s stock.

    Wall Street Analyst Weigh In

    Several research firms have recently weighed in on CDNS. Bank of America upgraded Cadence Design Systems from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $185.00 to $205.00 in a research report on Friday, December 16th. StockNews.com upgraded Cadence Design Systems from a “hold” rating to a “buy” rating in a research report on Sunday. Rosenblatt Securities decreased their target price on Cadence Design Systems from $185.00 to $175.00 and set a “buy” rating for the company in a research report on Monday, October 24th. Robert W. Baird raised their price target on Cadence Design Systems to $206.00 in a research note on Wednesday, December 14th. Finally, Stifel Nicolaus restated a “hold” rating and set a $200.00 price target on shares of Cadence Design Systems in a research note on Wednesday, October 26th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Cadence Design Systems presently has an average rating of “Moderate Buy” and an average price target of $195.50.

    Cadence Design Systems Price Performance

    Shares of CDNS stock opened at $185.03 on Monday. Cadence Design Systems, Inc. has a fifty-two week low of $132.32 and a fifty-two week high of $194.97. The firm has a market capitalization of $50.76 billion, a price-to-earnings ratio of 65.15, a PEG ratio of 2.51 and a beta of 1.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.24 and a current ratio of 1.33. The stock’s 50-day simple moving average is $167.06 and its 200-day simple moving average is $167.13.

    Cadence Design Systems Company Profile

    (Get Rating)

    Cadence Design Systems, Inc engages in the design and development of integrated circuits and electronic devices. Its products include electronic design automation, software, emulation hardware, and intellectual property, commonly referred to as verification IP, and design IP. It operates through the following geographical segments: Americas, Asia, Europe, Middle East and Africa, and Japan.

    Featured Articles

    Want to see what other hedge funds are holding CDNS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cadence Design Systems, Inc. (NASDAQ:CDNS – Get Rating).

    Institutional Ownership by Quarter for Cadence Design Systems (NASDAQ:CDNS)

    Receive News & Ratings for Cadence Design Systems Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Cadence Design Systems and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link