Conocophillips (COP) Stake Has Raised by Johnson Financial Group Inc; Factory Mutual Insurance Company Raised Holding in Visa (V)

January 14, 2018 - By Peter Erickson

Factory Mutual Insurance Company increased its stake in Visa Inc (V) by 1.94% based on its latest 2017Q3 regulatory filing with the SEC. Factory Mutual Insurance Company bought 16,700 shares as the company’s stock rose 5.74% with the market. The institutional investor held 877,500 shares of the business services company at the end of 2017Q3, valued at $92.35M, up from 860,800 at the end of the previous reported quarter. Factory Mutual Insurance Company who had been investing in Visa Inc for a number of months, seems to be bullish on the $272.15B market cap company. The stock increased 0.21% or $0.25 during the last trading session, reaching $120.09. About 5.59 million shares traded. Visa Inc. (NYSE:V) has risen 20.29% since January 14, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Johnson Financial Group Inc increased its stake in Conocophillips (COP) by 38.84% based on its latest 2017Q3 regulatory filing with the SEC. Johnson Financial Group Inc bought 6,972 shares as the company’s stock declined 0.06% while stock markets rallied. The institutional investor held 24,924 shares of the integrated oil company at the end of 2017Q3, valued at $1.25M, up from 17,952 at the end of the previous reported quarter. Johnson Financial Group Inc who had been investing in Conocophillips for a number of months, seems to be bullish on the $71.79 billion market cap company. The stock increased 1.47% or $0.87 during the last trading session, reaching $60.05. About 6.74M shares traded or 14.49% up from the average. ConocoPhillips (NYSE:COP) has risen 9.50% since January 14, 2017 and is uptrending. It has underperformed by 7.20% the S&P500.

Among 25 analysts covering ConocoPhillips (NYSE:COP), 17 have Buy rating, 1 Sell and 7 Hold. Therefore 68% are positive. ConocoPhillips had 83 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of ConocoPhillips (NYSE:COP) earned “Buy” rating by Cowen & Co on Wednesday, September 27. The company was maintained on Thursday, September 28 by RBC Capital Markets. The company was maintained on Tuesday, January 12 by Barclays Capital. Citigroup maintained the shares of COP in report on Friday, July 21 with “Buy” rating. Cowen & Co maintained the stock with “Outperform” rating in Friday, March 31 report. The company was maintained on Tuesday, October 20 by Bank of America. On Friday, April 29 the stock rating was maintained by Citigroup with “Buy”. The rating was upgraded by JP Morgan to “Neutral” on Monday, July 11. As per Tuesday, August 4, the company rating was downgraded by Oppenheimer. The stock of ConocoPhillips (NYSE:COP) has “Outperform” rating given on Friday, February 5 by Bernstein.

Investors sentiment decreased to 0.63 in Q3 2017. Its down 0.08, from 0.71 in 2017Q2. It fall, as 62 investors sold COP shares while 536 reduced holdings. 91 funds opened positions while 283 raised stakes. 814.86 million shares or 0.93% less from 822.50 million shares in 2017Q2 were reported. Finance Mngmt Pro stated it has 0.05% of its portfolio in ConocoPhillips (NYSE:COP). Umb State Bank N A Mo holds 0.21% or 119,551 shares in its portfolio. Check Cap Mgmt Incorporated Ca holds 8,208 shares or 0.01% of its portfolio. Glenmede Tru Company Na, a Pennsylvania-based fund reported 168,713 shares. Meiji Yasuda Asset Mgmt owns 0.14% invested in ConocoPhillips (NYSE:COP) for 28,203 shares. Tiaa Cref Investment Mgmt Limited has invested 0.09% in ConocoPhillips (NYSE:COP). Shine Invest Advisory Services Inc, a Colorado-based fund reported 322 shares. Tnb Fin holds 0.24% or 29,014 shares. State Treasurer State Of Michigan, a Michigan-based fund reported 369,255 shares. Benchmark Cap holds 11,050 shares or 0.43% of its portfolio. Flossbach Von Storch Ag, Germany-based fund reported 248,800 shares. Ray Gerald L & Assoc reported 8,414 shares. Mason Street Advisors Ltd Liability Corp has invested 0.21% in ConocoPhillips (NYSE:COP). Avalon Advsr Ltd Liability Corporation stated it has 0.28% in ConocoPhillips (NYSE:COP). Horizon Invs Ltd Liability Corp has 10,535 shares for 0.03% of their portfolio.

Johnson Financial Group Inc, which manages about $8.40B and $760.26M US Long portfolio, decreased its stake in United Parcel Svc Inc Cl B (NYSE:UPS) by 3,198 shares to 17,175 shares, valued at $2.06M in 2017Q3, according to the filing. It also reduced its holding in Monsanto Co New (NYSE:MON) by 8,169 shares in the quarter, leaving it with 34 shares, and cut its stake in Apple Inc (NASDAQ:AAPL).

Factory Mutual Insurance Company, which manages about $9.12B US Long portfolio, decreased its stake in Wyndham Worldwide Corp (NYSE:WYN) by 13,500 shares to 407,000 shares, valued at $42.90 million in 2017Q3, according to the filing. It also reduced its holding in Johnson Ctls Intl Plc by 20,000 shares in the quarter, leaving it with 151,900 shares, and cut its stake in Alexion Pharmaceuticals Inc (NASDAQ:ALXN).

Among 40 analysts covering Visa Inc. (NYSE:V), 33 have Buy rating, 0 Sell and 7 Hold. Therefore 83% are positive. Visa Inc. had 101 analyst reports since July 21, 2015 according to SRatingsIntel. BMO Capital Markets maintained Visa Inc. (NYSE:V) on Thursday, October 26 with “Outperform” rating. As per Tuesday, July 28, the company rating was downgraded by S&P Research. Barclays Capital maintained the shares of V in report on Wednesday, October 18 with “Overweight” rating. Guggenheim initiated the shares of V in report on Thursday, October 8 with “Buy” rating. The firm has “Buy” rating given on Friday, July 21 by UBS. The firm earned “Buy” rating on Thursday, July 20 by Piper Jaffray. The stock has “Buy” rating by Keefe Bruyette & Woods on Tuesday, September 12. The firm earned “Outperform” rating on Tuesday, December 8 by Keefe Bruyette & Woods. Stifel Nicolaus maintained Visa Inc. (NYSE:V) on Friday, February 3 with “Buy” rating. SunTrust maintained the stock with “Buy” rating in Thursday, October 26 report.

Since August 17, 2017, it had 0 insider buys, and 3 selling transactions for $7.43 million activity. CRANSTON MARY B sold $1.07 million worth of stock. On Wednesday, December 13 the insider MATSCHULLAT ROBERT W sold $707,561.

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