Gluskin Sheff & Assoc Upped Stake in Cvs Health Corp. (CVS); Maryland Capital Management Decreased Holding in Marriott Intl New A (MAR) by $1.92 Million as Shares Rose

January 14, 2018 - By Nellie Frank

Gluskin Sheff & Assoc Inc increased its stake in Cvs Health Corp. (CVS) by 39.62% based on its latest 2017Q3 regulatory filing with the SEC. Gluskin Sheff & Assoc Inc bought 150,517 shares as the company’s stock declined 4.23% while stock markets rallied. The institutional investor held 530,404 shares of the medical and nursing services company at the end of 2017Q3, valued at $43.13M, up from 379,887 at the end of the previous reported quarter. Gluskin Sheff & Assoc Inc who had been investing in Cvs Health Corp. for a number of months, seems to be bullish on the $79.81 billion market cap company. The stock decreased 0.30% or $0.24 during the last trading session, reaching $78.78. About 7.10M shares traded. CVS Health Corporation (NYSE:CVS) has declined 24.40% since January 14, 2017 and is downtrending. It has underperformed by 41.10% the S&P500.

Maryland Capital Management decreased its stake in Marriott Intl Inc New A (MAR) by 9.51% based on its latest 2017Q3 regulatory filing with the SEC. Maryland Capital Management sold 17,430 shares as the company’s stock rose 15.06% with the market. The institutional investor held 165,821 shares of the hotels and resorts company at the end of 2017Q3, valued at $18.28 million, down from 183,251 at the end of the previous reported quarter. Maryland Capital Management who had been investing in Marriott Intl Inc New A for a number of months, seems to be less bullish one the $50.96B market cap company. The stock increased 0.25% or $0.35 during the last trading session, reaching $139.78. About 1.81M shares traded. Marriott International, Inc. (NASDAQ:MAR) has risen 58.26% since January 14, 2017 and is uptrending. It has outperformed by 41.56% the S&P500.

Since August 16, 2017, it had 0 buys, and 7 selling transactions for $58.32 million activity. 39,340 CVS Health Corporation (NYSE:CVS) shares with value of $3.22M were sold by Foulkes Helena. 2,500 shares were sold by SWIFT RICHARD J, worth $199,050 on Wednesday, August 16. Shares for $7.13 million were sold by Roberts Jonathan C on Monday, September 18. The insider Denton David M sold 237,078 shares worth $18.88M. MERLO LARRY J also sold $20.03M worth of CVS Health Corporation (NYSE:CVS) on Wednesday, August 23.

Among 25 analysts covering CVS Health (NYSE:CVS), 18 have Buy rating, 0 Sell and 7 Hold. Therefore 72% are positive. CVS Health had 65 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Citigroup with “Neutral” on Monday, May 9. The rating was upgraded by Vetr to “Buy” on Monday, August 24. On Monday, November 2 the stock rating was maintained by S&P Research with “Strong Buy”. The company was reinitiated on Thursday, March 10 by Barclays Capital. The firm has “Outperform” rating by Oppenheimer given on Friday, August 28. The stock of CVS Health Corporation (NYSE:CVS) earned “Hold” rating by Deutsche Bank on Thursday, August 20. The rating was maintained by Needham with “Hold” on Friday, September 8. Oppenheimer maintained the shares of CVS in report on Monday, November 2 with “Outperform” rating. Jefferies downgraded CVS Health Corporation (NYSE:CVS) on Monday, December 12 to “Hold” rating. The firm has “Buy” rating by Needham given on Friday, November 10.

Gluskin Sheff & Assoc Inc, which manages about $7.77 billion and $971.88M US Long portfolio, decreased its stake in Mohawk Industries Inc. (NYSE:MHK) by 2,163 shares to 68,188 shares, valued at $16.88M in 2017Q3, according to the filing. It also reduced its holding in Madison Square Garden Co A New by 4,461 shares in the quarter, leaving it with 392,667 shares, and cut its stake in Nxp Semiconductors Nv (NASDAQ:NXPI).

Investors sentiment decreased to 0.88 in 2017 Q3. Its down 0.04, from 0.92 in 2017Q2. It dropped, as 60 investors sold CVS shares while 571 reduced holdings. 88 funds opened positions while 466 raised stakes. 801.45 million shares or 0.31% less from 803.96 million shares in 2017Q2 were reported. Public Employees Retirement Of Ohio accumulated 728,256 shares. Tiemann Inv Advisors Ltd reported 0.3% of its portfolio in CVS Health Corporation (NYSE:CVS). Menta Cap Ltd stated it has 5,800 shares. Ancora Advsr Lc holds 0.25% or 53,139 shares. Thompson Rubinstein Inv Management Or holds 1.15% of its portfolio in CVS Health Corporation (NYSE:CVS) for 40,426 shares. Point72 Asset Mngmt Ltd Partnership holds 35,000 shares. Massachusetts-based Cambridge Trust has invested 0.07% in CVS Health Corporation (NYSE:CVS). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mgmt Corp invested in 0.09% or 121,500 shares. Chesley Taft Assocs Limited Company stated it has 0.08% of its portfolio in CVS Health Corporation (NYSE:CVS). Wms Prns Lc holds 0.09% or 9,617 shares. The Texas-based Moody National Bank Division has invested 0.05% in CVS Health Corporation (NYSE:CVS). 9,292 were accumulated by Laffer Invs. Amalgamated State Bank holds 0.3% or 116,933 shares. Moreover, Drexel Morgan & Company has 0.4% invested in CVS Health Corporation (NYSE:CVS) for 4,832 shares. Counselors Inc holds 0.21% or 52,369 shares.

Analysts await Marriott International, Inc. (NASDAQ:MAR) to report earnings on February, 21. They expect $0.99 earnings per share, up 16.47% or $0.14 from last year’s $0.85 per share. MAR’s profit will be $360.93 million for 35.30 P/E if the $0.99 EPS becomes a reality. After $1.10 actual earnings per share reported by Marriott International, Inc. for the previous quarter, Wall Street now forecasts -10.00% negative EPS growth.

Maryland Capital Management, which manages about $795.96 million and $648.98 million US Long portfolio, upped its stake in Vanguard Ftse Emerging Market (VWO) by 30,677 shares to 129,165 shares, valued at $5.63 million in 2017Q3, according to the filing.

Among 20 analysts covering Marriott International (NASDAQ:MAR), 11 have Buy rating, 0 Sell and 9 Hold. Therefore 55% are positive. Marriott International had 56 analyst reports since August 5, 2015 according to SRatingsIntel. On Friday, December 8 the stock rating was maintained by Morgan Stanley with “Buy”. The company was downgraded on Wednesday, August 12 by Barclays Capital. RBC Capital Markets maintained Marriott International, Inc. (NASDAQ:MAR) on Tuesday, November 7 with “Buy” rating. As per Thursday, November 9, the company rating was maintained by SunTrust. As per Monday, December 5, the company rating was upgraded by M Partners. The stock of Marriott International, Inc. (NASDAQ:MAR) has “Buy” rating given on Friday, August 21 by Zacks. The rating was maintained by RBC Capital Markets with “Buy” on Friday, September 22. The company was maintained on Wednesday, November 8 by Stifel Nicolaus. On Monday, September 7 the stock rating was maintained by Evercore with “Buy”. The stock of Marriott International, Inc. (NASDAQ:MAR) has “Hold” rating given on Wednesday, August 5 by Evercore.

Since August 11, 2017, it had 0 insider purchases, and 17 sales for $28.13 million activity. Shares for $659,348 were sold by Linnartz Stephanie. Capuano Anthony sold $1.48M worth of Marriott International, Inc. (NASDAQ:MAR) on Thursday, September 21. $3.00 million worth of Marriott International, Inc. (NASDAQ:MAR) was sold by Marriott Juliana B. on Friday, August 11. Another trade for 8,400 shares valued at $844,265 was made by Marriott David S on Tuesday, August 15. DUNCAN BRUCE W had sold 8,644 shares worth $1.12M on Wednesday, December 13. Shares for $2.68M were sold by MARRIOTT J W JR.

Investors sentiment decreased to 0.92 in 2017 Q3. Its down 0.09, from 1.01 in 2017Q2. It dropped, as 44 investors sold MAR shares while 224 reduced holdings. 66 funds opened positions while 180 raised stakes. 236.59 million shares or 1.84% less from 241.03 million shares in 2017Q2 were reported. 5,887 were reported by Advisor Ptnrs Ltd Limited Liability Company. Lenox Wealth Mgmt Inc invested in 0.26% or 6,987 shares. Rothschild Inv Il invested in 4,349 shares or 0.05% of the stock. Shelton Cap holds 0.27% or 31,415 shares in its portfolio. Ray Gerald L And Assoc invested in 33,233 shares or 0.46% of the stock. 23,594 are held by Riverhead Capital Mgmt Ltd Liability Co. Ameriprise Financial reported 1.25M shares. Assetmark has invested 0% of its portfolio in Marriott International, Inc. (NASDAQ:MAR). Fdx has 8,204 shares. Massachusetts Fincl Services Ma holds 4.48M shares or 0.21% of its portfolio. Ins Commerce Tx invested in 72,880 shares or 0.42% of the stock. Schwab Charles Invest Management reported 1.09 million shares. Public Employees Retirement System Of Ohio invested 0.13% of its portfolio in Marriott International, Inc. (NASDAQ:MAR). State Of New Jersey Common Pension Fund D invested in 0.05% or 118,600 shares. Alpha Windward Ltd Liability accumulated 44 shares or 0% of the stock.

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