Cornercap Investment Counsel Stake in J M Smucker Co New (SJM) Trimmed by $1.82 Million as Market Value Declined; 13D Management Has Increased Deckers Outdoor (DECK) Stake by $1.13 Million

January 13, 2018 - By Darrin Black

Cornercap Investment Counsel Inc decreased its stake in J M Smucker Co New (SJM) by 51.31% based on its latest 2017Q3 regulatory filing with the SEC. Cornercap Investment Counsel Inc sold 17,475 shares as the company’s stock declined 7.31% while stock markets rallied. The institutional investor held 16,580 shares of the packaged foods company at the end of 2017Q3, valued at $1.74 million, down from 34,055 at the end of the previous reported quarter. Cornercap Investment Counsel Inc who had been investing in J M Smucker Co New for a number of months, seems to be less bullish one the $14.02B market cap company. The stock increased 0.23% or $0.28 during the last trading session, reaching $123.43. About 617,956 shares traded. The J. M. Smucker Company (NYSE:SJM) has declined 0.84% since January 13, 2017 and is downtrending. It has underperformed by 17.54% the S&P500.

13D Management Llc increased its stake in Deckers Outdoor Corp (DECK) by 11.39% based on its latest 2017Q3 regulatory filing with the SEC. 13D Management Llc bought 16,647 shares as the company’s stock rose 12.57% with the market. The institutional investor held 162,861 shares of the shoe manufacturing company at the end of 2017Q3, valued at $11.14M, up from 146,214 at the end of the previous reported quarter. 13D Management Llc who had been investing in Deckers Outdoor Corp for a number of months, seems to be bullish on the $2.65B market cap company. The stock increased 1.53% or $1.25 during the last trading session, reaching $82.95. About 283,787 shares traded. Deckers Outdoor Corporation (NYSE:DECK) has risen 19.41% since January 13, 2017 and is uptrending. It has outperformed by 2.71% the S&P500.

Investors sentiment decreased to 1.33 in 2017 Q3. Its down 0.14, from 1.47 in 2017Q2. It turned negative, as 27 investors sold DECK shares while 61 reduced holdings. 35 funds opened positions while 82 raised stakes. 31.78 million shares or 1.04% more from 31.45 million shares in 2017Q2 were reported. James Inv Research Inc invested in 28,994 shares or 0.07% of the stock. 44,496 were reported by Qs Investors Lc. Piermont Mngmt Inc invested in 32,090 shares or 0.73% of the stock. Systematic Financial Management Ltd Partnership owns 0.24% invested in Deckers Outdoor Corporation (NYSE:DECK) for 170,875 shares. Arizona State Retirement System holds 18,157 shares. Delta Asset Limited Liability Tn holds 100 shares. Pub Employees Retirement System Of Ohio, a Ohio-based fund reported 4,492 shares. Moreover, Pdt Ptnrs Lc has 0.05% invested in Deckers Outdoor Corporation (NYSE:DECK). Millennium Ltd Limited Liability Company owns 15,707 shares or 0% of their US portfolio. Comerica Fincl Bank has invested 0.02% in Deckers Outdoor Corporation (NYSE:DECK). Bancorporation Of Ny Mellon Corporation stated it has 1.11M shares. Bogle Investment Management Limited Partnership De reported 181,672 shares. Freestone Capital Lc accumulated 11,543 shares. 63,500 are owned by Renaissance Technologies Ltd Co. Texas Permanent School Fund holds 23,361 shares.

Among 24 analysts covering Deckers Outdoor (NYSE:DECK), 7 have Buy rating, 3 Sell and 14 Hold. Therefore 29% are positive. Deckers Outdoor had 79 analyst reports since July 31, 2015 according to SRatingsIntel. Nomura maintained Deckers Outdoor Corporation (NYSE:DECK) on Monday, May 2 with “Neutral” rating. Canaccord Genuity maintained the shares of DECK in report on Friday, May 26 with “Buy” rating. The firm earned “Equal-Weight” rating on Tuesday, October 31 by Morgan Stanley. Piper Jaffray maintained the shares of DECK in report on Friday, September 29 with “Hold” rating. The firm has “Buy” rating given on Wednesday, April 26 by Stifel Nicolaus. The company was maintained on Friday, May 27 by Credit Suisse. The stock of Deckers Outdoor Corporation (NYSE:DECK) earned “Hold” rating by Wedbush on Tuesday, December 19. The stock of Deckers Outdoor Corporation (NYSE:DECK) has “Neutral” rating given on Friday, February 5 by Bank of America. As per Friday, August 12, the company rating was initiated by Susquehanna. The stock of Deckers Outdoor Corporation (NYSE:DECK) earned “Hold” rating by Susquehanna on Tuesday, June 27.

Cornercap Investment Counsel Inc, which manages about $912.27 million and $711.52M US Long portfolio, upped its stake in Microsoft Corp Com (NASDAQ:MSFT) by 20,512 shares to 29,338 shares, valued at $2.19 million in 2017Q3, according to the filing. It also increased its holding in Exxon Mobil Corp Com (NYSE:XOM) by 4,566 shares in the quarter, for a total of 89,708 shares, and has risen its stake in Valley Natl Bancorp Com (NYSE:VLY).

Among 19 analysts covering J. M. Smucker Company (NYSE:SJM), 6 have Buy rating, 3 Sell and 10 Hold. Therefore 32% are positive. J. M. Smucker Company had 65 analyst reports since August 19, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, April 11 by Morgan Stanley. Deutsche Bank maintained The J. M. Smucker Company (NYSE:SJM) rating on Friday, June 3. Deutsche Bank has “Buy” rating and $143 target. The company was maintained on Friday, June 10 by Deutsche Bank. The company was maintained on Friday, November 17 by Morgan Stanley. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, June 3. The rating was maintained by Jefferies on Thursday, June 29 with “Hold”. Susquehanna maintained The J. M. Smucker Company (NYSE:SJM) rating on Wednesday, May 31. Susquehanna has “Hold” rating and $12800 target. Deutsche Bank initiated the stock with “Hold” rating in Wednesday, February 15 report. Susquehanna maintained The J. M. Smucker Company (NYSE:SJM) on Wednesday, August 23 with “Hold” rating. Jefferies upgraded The J. M. Smucker Company (NYSE:SJM) on Friday, July 28 to “Buy” rating.

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.08, from 0.97 in 2017Q2. It fall, as 71 investors sold SJM shares while 231 reduced holdings. 80 funds opened positions while 189 raised stakes. 83.48 million shares or 2.45% more from 81.49 million shares in 2017Q2 were reported. Headinvest Ltd Liability Co owns 0.16% invested in The J. M. Smucker Company (NYSE:SJM) for 4,800 shares. Cibc World Markets reported 0% of its portfolio in The J. M. Smucker Company (NYSE:SJM). National Bank & Trust Of Montreal Can holds 0.01% or 101,610 shares in its portfolio. New Mexico Educational Retirement Board holds 10,822 shares. Autus Asset Mngmt invested 0.12% in The J. M. Smucker Company (NYSE:SJM). Adage Capital Group Lc holds 0.04% of its portfolio in The J. M. Smucker Company (NYSE:SJM) for 168,327 shares. Proshare Ltd accumulated 0.01% or 10,584 shares. Chilton Llc has invested 0.03% in The J. M. Smucker Company (NYSE:SJM). Delta Asset Mngmt Ltd Tn has 0.03% invested in The J. M. Smucker Company (NYSE:SJM) for 2,007 shares. First Republic Inv Management accumulated 0.01% or 9,091 shares. Davis R M Incorporated holds 5,618 shares. Madison Holding Inc holds 0.61% or 325,191 shares in its portfolio. Stifel Financial invested in 0.18% or 505,023 shares. Burt Wealth Advisors holds 0.03% or 408 shares in its portfolio. State Board Of Administration Of Florida Retirement System holds 0.05% or 185,058 shares.

Analysts await The J. M. Smucker Company (NYSE:SJM) to report earnings on February, 16. They expect $2.14 EPS, up 7.00% or $0.14 from last year’s $2 per share. SJM’s profit will be $243.09 million for 14.42 P/E if the $2.14 EPS becomes a reality. After $2.02 actual EPS reported by The J. M. Smucker Company for the previous quarter, Wall Street now forecasts 5.94% EPS growth.

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