Carlton Hofferkamp & Jenks Wealth Management Increased United Parcel Service B (UPS) Stake; Principal Financial Group Has Boosted Its Nordstrom (JWN) Holding by $6.39 Million

January 14, 2018 - By Louis Casey

Principal Financial Group Inc increased its stake in Nordstrom Inc (JWN) by 7.43% based on its latest 2017Q3 regulatory filing with the SEC. Principal Financial Group Inc bought 136,053 shares as the company’s stock declined 10.77% while stock markets rallied. The institutional investor held 1.97 million shares of the consumer services company at the end of 2017Q3, valued at $92.75M, up from 1.83M at the end of the previous reported quarter. Principal Financial Group Inc who had been investing in Nordstrom Inc for a number of months, seems to be bullish on the $8.63 billion market cap company. The stock increased 3.45% or $1.73 during the last trading session, reaching $51.82. About 5.20M shares traded or 103.46% up from the average. Nordstrom, Inc. (NYSE:JWN) has risen 9.86% since January 14, 2017 and is uptrending. It has underperformed by 6.84% the S&P500.

Carlton Hofferkamp & Jenks Wealth Management Llc increased its stake in United Parcel Service B (UPS) by 30.66% based on its latest 2017Q3 regulatory filing with the SEC. Carlton Hofferkamp & Jenks Wealth Management Llc bought 2,575 shares as the company’s stock declined 3.26% while stock markets rallied. The institutional investor held 10,973 shares of the transportation company at the end of 2017Q3, valued at $1.32 million, up from 8,398 at the end of the previous reported quarter. Carlton Hofferkamp & Jenks Wealth Management Llc who had been investing in United Parcel Service B for a number of months, seems to be bullish on the $115.55B market cap company. The stock increased 0.47% or $0.63 during the last trading session, reaching $134.09. About 4.21M shares traded or 42.07% up from the average. United Parcel Service, Inc. (NYSE:UPS) has risen 2.10% since January 14, 2017 and is uptrending. It has underperformed by 14.60% the S&P500.

Principal Financial Group Inc, which manages about $103.12 billion US Long portfolio, decreased its stake in F5 Networks Inc (NASDAQ:FFIV) by 6,324 shares to 98,673 shares, valued at $11.90 million in 2017Q3, according to the filing. It also reduced its holding in Idex Corp (NYSE:IEX) by 130,526 shares in the quarter, leaving it with 773,872 shares, and cut its stake in Netflix Inc (NASDAQ:NFLX).

Investors sentiment increased to 1.14 in Q3 2017. Its up 0.30, from 0.84 in 2017Q2. It increased, as 47 investors sold JWN shares while 144 reduced holdings. 70 funds opened positions while 148 raised stakes. 88.99 million shares or 3.77% less from 92.48 million shares in 2017Q2 were reported. New Mexico Educational Retirement Board has 10,391 shares for 0.02% of their portfolio. Pictet Asset Management owns 67,421 shares. Fort Washington Invest Advsr Inc Oh holds 0.01% or 20,179 shares. Oakworth owns 204 shares or 0% of their US portfolio. Boltwood Mngmt invested 0.6% in Nordstrom, Inc. (NYSE:JWN). Windward Ca holds 0.15% or 19,442 shares in its portfolio. Washington Trust Financial Bank reported 26,889 shares. Jefferies Gru Limited has 79,560 shares for 0.02% of their portfolio. Toronto Dominion Bancorporation reported 44,487 shares. Us Retail Bank De holds 0.01% or 72,601 shares. The New York-based Blackrock has invested 0.02% in Nordstrom, Inc. (NYSE:JWN). Motco holds 0% in Nordstrom, Inc. (NYSE:JWN) or 206 shares. Gamble Jones Counsel invested in 0.07% or 14,381 shares. Aperio Grp Inc Lc has invested 0.02% of its portfolio in Nordstrom, Inc. (NYSE:JWN). Sei Invs owns 4,265 shares or 0% of their US portfolio.

Among 30 analysts covering Nordstrom Inc. (NYSE:JWN), 6 have Buy rating, 6 Sell and 18 Hold. Therefore 20% are positive. Nordstrom Inc. had 107 analyst reports since August 14, 2015 according to SRatingsIntel. The firm has “Accumulate” rating given on Tuesday, May 9 by Gordon Haskett. The firm has “Hold” rating by Robert W. Baird given on Thursday, December 21. The rating was maintained by Cowen & Co on Friday, November 10 with “Hold”. The company was maintained on Friday, November 13 by Barclays Capital. The stock of Nordstrom, Inc. (NYSE:JWN) has “Market Perform” rating given on Friday, November 13 by Telsey Advisory Group. The stock has “Hold” rating by BMO Capital Markets on Wednesday, September 13. The rating was maintained by Credit Suisse on Monday, October 12 with “Neutral”. Stifel Nicolaus upgraded Nordstrom, Inc. (NYSE:JWN) on Tuesday, September 15 to “Buy” rating. As per Monday, July 24, the company rating was maintained by RBC Capital Markets. The stock of Nordstrom, Inc. (NYSE:JWN) has “Buy” rating given on Friday, August 14 by Piper Jaffray.

Investors sentiment increased to 1.14 in 2017 Q3. Its up 0.09, from 1.05 in 2017Q2. It is positive, as 46 investors sold UPS shares while 390 reduced holdings. 104 funds opened positions while 395 raised stakes. 451.38 million shares or 0.77% more from 447.95 million shares in 2017Q2 were reported. Guardian Capital Advisors LP holds 4,059 shares or 0.07% of its portfolio. Southeast Asset Inc accumulated 4,000 shares. Thornburg Management owns 0.25% invested in United Parcel Service, Inc. (NYSE:UPS) for 296,873 shares. Davidson & Garrard Inc reported 1,929 shares or 0.05% of all its holdings. Vantage Investment holds 114,273 shares or 1.07% of its portfolio. 6.46M are held by Parnassus Invs Ca. Parsons Cap Mngmt Inc Ri holds 0.14% in United Parcel Service, Inc. (NYSE:UPS) or 9,754 shares. Godsey & Gibb has invested 2.45% in United Parcel Service, Inc. (NYSE:UPS). Allsquare Wealth Mngmt Limited Company holds 100 shares or 0.01% of its portfolio. Argyle Cap Mngmt has invested 1.62% in United Parcel Service, Inc. (NYSE:UPS). King Wealth Group Limited Liability Co owns 4,646 shares. Ronna Sue Cohen holds 25,255 shares or 2.31% of its portfolio. Cullen Frost Bankers Inc has invested 0.09% in United Parcel Service, Inc. (NYSE:UPS). Nationwide Fund Advsrs has 0.13% invested in United Parcel Service, Inc. (NYSE:UPS) for 283,778 shares. Vigilant Cap Management Ltd reported 1,072 shares.

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