Davenport & Company Llc Decreased Sjm (SJM) Stake By $31.48 Million; Wfg Advisors LP Cut Its Potash Sask (POT) Stake

October 12, 2017 - By Vivian Park

Wfg Advisors Lp decreased Potash Corp Sask Inc (POT) stake by 90.51% reported in 2017Q2 SEC filing. Wfg Advisors Lp sold 29,268 shares as Potash Corp Sask Inc (POT)’s stock declined 11.27%. The Wfg Advisors Lp holds 3,070 shares with $50,000 value, down from 32,338 last quarter. Potash Corp Sask Inc now has $15.98B valuation. The stock decreased 0.31% or $0.06 on October 12, reaching $19.02. About 2.09M shares traded. Potash Corporation of Saskatchewan (USA) (NYSE:POT) has risen 0.06% since October 12, 2016 and is uptrending. It has underperformed by 16.64% the S&P500.

Davenport & Company Llc decreased Sjm (NYSE:SJM) stake by 89.64% reported in 2017Q3 SEC filing. Davenport & Company Llc sold 302,723 shares as Sjm (NYSE:SJM)’s stock declined 7.31%. The Davenport & Company Llc holds 34,974 shares with $3.67M value, down from 337,697 last quarter. Sjm now has $12.01B valuation. The stock declined 0.31% or $0.33 reaching $105.68 per share. About 1.28M shares traded or 2.40% up from the average. J M Smucker Co (NYSE:SJM) has declined 0.84% since October 12, 2016 and is downtrending. It has underperformed by 17.54% the S&P500.

Investors sentiment decreased to 0.97 in 2017 Q2. Its down 0.15, from 1.12 in 2017Q1. It is negative, as 69 investors sold SJM shares while 233 reduced holdings. 70 funds opened positions while 222 raised stakes. 81.49 million shares or 1.91% less from 83.08 million shares in 2017Q1 were reported. First Bank Of Omaha owns 0.31% invested in J M Smucker Co (NYSE:SJM) for 41,939 shares. Bryn Mawr Trust invested 0.05% in J M Smucker Co (NYSE:SJM). Hl Financial Services Ltd Company stated it has 12,305 shares or 0.03% of all its holdings. Commonwealth Equity Svcs has invested 0.05% of its portfolio in J M Smucker Co (NYSE:SJM). Bingham Osborn And Scarborough Lc holds 0.09% or 7,705 shares. Robecosam Ag owns 13,824 shares. Spc Fincl holds 0.16% in J M Smucker Co (NYSE:SJM) or 4,970 shares. Johnson Group Inc has 0.07% invested in J M Smucker Co (NYSE:SJM) for 4,022 shares. Security National Trust owns 8 shares for 0% of their portfolio. Landscape Capital Mngmt Limited Liability accumulated 6,237 shares. Stock Yards Natl Bank stated it has 1.22% in J M Smucker Co (NYSE:SJM). Kayne Anderson Rudnick Invest Mngmt Limited Liability invested in 27,989 shares or 0.03% of the stock. Indexiq Advsrs Ltd Liability Co invested in 2,689 shares. Eaton Vance Management holds 60,088 shares or 0.02% of its portfolio. Cayman Islands-based Quantres Asset Ltd has invested 0.59% in J M Smucker Co (NYSE:SJM).

Davenport & Company Llc increased Dish (NASDAQ:DISH) stake by 363,640 shares to 1.29 million valued at $69.69M in 2017Q3. It also upped Abc (NYSE:ABC) stake by 233,507 shares and now owns 914,050 shares. Dal (NYSE:DAL) was raised too.

The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The company has market cap of $12.01 billion. The Company’s divisions include U.S. It has a 22.3 P/E ratio. Retail Coffee, U.S.

Davenport & Company Llc is a Virginia-based institutional investor with more than $7.13 billion AUM in August, 2014. Taken from Davenport & Company latest Adv, the fund reported to have 222 full and part-time employees. Among which 215 performing investment advisory and research functions. The institutional investor had more than 9800 clients.

Among 18 analysts covering J. M. Smucker Company (NYSE:SJM), 5 have Buy rating, 3 Sell and 10 Hold. Therefore 28% are positive. J. M. Smucker Company has $152 highest and $110 lowest target. $125.55’s average target is 18.80% above currents $105.68 stock price. J. M. Smucker Company had 57 analyst reports since August 19, 2015 according to SRatingsIntel. Deutsche Bank maintained J M Smucker Co (NYSE:SJM) on Friday, June 10 with “Buy” rating. The firm earned “Neutral” rating on Monday, July 3 by Credit Suisse. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, June 3. The stock of J M Smucker Co (NYSE:SJM) earned “Sell” rating by Goldman Sachs on Monday, April 4. The rating was maintained by Citigroup with “Buy” on Friday, August 25. The rating was maintained by Credit Suisse with “Hold” on Thursday, June 1. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, October 21 report. The stock has “Hold” rating by Jefferies on Thursday, June 29. As per Wednesday, February 15, the company rating was initiated by Deutsche Bank. Tigress Financial maintained the shares of SJM in report on Thursday, September 10 with “Buy” rating.

Analysts await Potash Corporation of Saskatchewan (USA) (NYSE:POT) to report earnings on October, 26. They expect $0.12 EPS, up 9.09% or $0.01 from last year’s $0.11 per share. POT’s profit will be $100.82M for 39.63 P/E if the $0.12 EPS becomes a reality. After $0.16 actual EPS reported by Potash Corporation of Saskatchewan (USA) for the previous quarter, Wall Street now forecasts -25.00% negative EPS growth.

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