Chevy Chase Trust Holdings Has Trimmed Express Scripts Hldg Co (ESRX) Holding by $346,500; As Amerisourcebergen (ABC) Stock Declined, Commonwealth Bank Of Australia Has Lifted Holding by $936,604

January 14, 2018 - By Ellis Scott

Chevy Chase Trust Holdings Inc decreased its stake in Express Scripts Hldg Co (ESRX) by 1.06% based on its latest 2017Q3 regulatory filing with the SEC. Chevy Chase Trust Holdings Inc sold 5,500 shares as the company’s stock declined 14.09% while stock markets rallied. The institutional investor held 512,955 shares of the medical and nursing services company at the end of 2017Q3, valued at $32.48 million, down from 518,455 at the end of the previous reported quarter. Chevy Chase Trust Holdings Inc who had been investing in Express Scripts Hldg Co for a number of months, seems to be less bullish one the $45.80 billion market cap company. The stock increased 0.97% or $0.78 during the last trading session, reaching $80.87. About 3.16M shares traded. Express Scripts Holding Company (NASDAQ:ESRX) has declined 16.92% since January 14, 2017 and is downtrending. It has underperformed by 33.62% the S&P500.

Commonwealth Bank Of Australia increased its stake in Amerisourcebergen Corp (ABC) by 15.09% based on its latest 2017Q3 regulatory filing with the SEC. Commonwealth Bank Of Australia bought 11,422 shares as the company’s stock declined 1.76% while stock markets rallied. The institutional investor held 87,138 shares of the other pharmaceuticals company at the end of 2017Q3, valued at $7.21M, up from 75,716 at the end of the previous reported quarter. Commonwealth Bank Of Australia who had been investing in Amerisourcebergen Corp for a number of months, seems to be bullish on the $21.59B market cap company. The stock increased 0.88% or $0.86 during the last trading session, reaching $99. About 1.47 million shares traded. AmerisourceBergen Corporation (NYSE:ABC) has risen 18.80% since January 14, 2017 and is uptrending. It has outperformed by 2.10% the S&P500.

Analysts await Express Scripts Holding Company (NASDAQ:ESRX) to report earnings on February, 13. They expect $2.08 earnings per share, up 10.64% or $0.20 from last year’s $1.88 per share. ESRX’s profit will be $1.18B for 9.72 P/E if the $2.08 EPS becomes a reality. After $1.90 actual earnings per share reported by Express Scripts Holding Company for the previous quarter, Wall Street now forecasts 9.47% EPS growth.

Among 24 analysts covering Express Scripts (NASDAQ:ESRX), 10 have Buy rating, 3 Sell and 11 Hold. Therefore 42% are positive. Express Scripts had 52 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, January 21. The company was downgraded on Monday, February 22 by Deutsche Bank. The rating was maintained by SunTrust on Thursday, December 14 with “Buy”. The stock of Express Scripts Holding Company (NASDAQ:ESRX) earned “Underweight” rating by Morgan Stanley on Thursday, August 10. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, July 30 report. The firm has “Underperform” rating given on Monday, October 9 by Raymond James. The rating was maintained by Oppenheimer with “Hold” on Wednesday, July 26. The rating was maintained by Raymond James on Friday, December 15 with “Sell”. The stock of Express Scripts Holding Company (NASDAQ:ESRX) has “Neutral” rating given on Thursday, October 6 by UBS. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, July 27 report.

Chevy Chase Trust Holdings Inc, which manages about $22.07B US Long portfolio, upped its stake in Flir Sys Inc (NASDAQ:FLIR) by 90,956 shares to 2.12 million shares, valued at $82.45M in 2017Q3, according to the filing. It also increased its holding in Duke Energy Corp New (NYSE:DUK) by 6,669 shares in the quarter, for a total of 618,005 shares, and has risen its stake in Abbott Labs (NYSE:ABT).

Investors sentiment increased to 0.62 in 2017 Q3. Its up 0.06, from 0.56 in 2017Q2. It improved, as 66 investors sold ESRX shares while 414 reduced holdings. 72 funds opened positions while 224 raised stakes. 486.80 million shares or 2.59% less from 499.72 million shares in 2017Q2 were reported. Pacad Inv Ltd holds 0.1% of its portfolio in Express Scripts Holding Company (NASDAQ:ESRX) for 7,400 shares. State Treasurer State Of Michigan reported 175,292 shares. Dimensional Fund Advisors Ltd Partnership holds 0.18% or 6.55 million shares. Bb&T Securities Limited Liability Co accumulated 181,782 shares or 0.16% of the stock. Camarda Fincl Advsrs Lc invested in 0.26% or 3,754 shares. Fny Managed Accounts Ltd Liability Company has invested 0.05% in Express Scripts Holding Company (NASDAQ:ESRX). Mai Capital Mgmt accumulated 9,900 shares. The New York-based Cap Counsel Limited Liability Co has invested 1.83% in Express Scripts Holding Company (NASDAQ:ESRX). Ipswich Invest Mngmt accumulated 4,878 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh owns 0.8% invested in Express Scripts Holding Company (NASDAQ:ESRX) for 310,281 shares. Riverpark Advisors Limited Liability has 27,800 shares for 0.23% of their portfolio. Caisse De Depot Et Placement Du Quebec owns 0.07% invested in Express Scripts Holding Company (NASDAQ:ESRX) for 485,057 shares. Utah Retirement reported 106,014 shares. Boys Arnold And Company holds 0.28% or 27,935 shares in its portfolio. Bridgewater Associates Ltd Partnership has 596,933 shares for 0.25% of their portfolio.

Commonwealth Bank Of Australia, which manages about $10.28B US Long portfolio, decreased its stake in Equity Residential (NYSE:EQR) by 7,109 shares to 6,991 shares, valued at $455,000 in 2017Q3, according to the filing. It also reduced its holding in Hertz Global Holdings Inc by 42,900 shares in the quarter, leaving it with 174,071 shares, and cut its stake in Essex Property Trust Inc (NYSE:ESS).

Among 20 analysts covering AmerisourceBergen (NYSE:ABC), 11 have Buy rating, 0 Sell and 9 Hold. Therefore 55% are positive. AmerisourceBergen had 61 analyst reports since July 27, 2015 according to SRatingsIntel. Robert W. Baird maintained the stock with “Buy” rating in Monday, November 6 report. The firm has “Buy” rating by TheStreet given on Monday, July 27. The stock of AmerisourceBergen Corporation (NYSE:ABC) has “Mkt Perform” rating given on Friday, May 6 by FBR Capital. Needham maintained the stock with “Buy” rating in Friday, September 8 report. Leerink Swann maintained it with “Buy” rating and $105.0 target in Tuesday, January 2 report. The firm has “Buy” rating by Leerink Swann given on Monday, August 7. Jefferies maintained it with “Hold” rating and $85.0 target in Friday, October 27 report. The stock of AmerisourceBergen Corporation (NYSE:ABC) has “Hold” rating given on Tuesday, May 30 by Mizuho. The firm has “Outperform” rating given on Tuesday, November 17 by Credit Suisse. Mizuho downgraded it to “Neutral” rating and $83 target in Tuesday, January 3 report.

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