Mckinley Carter Wealth Services Holding in Hormel Foods (HRL) Has Lowered by $1.40 Million; As Albemarle (ALB) Stock Value Rose, Integre Asset Management Has Trimmed Holding

January 14, 2018 - By Louis Casey

Integre Asset Management Llc decreased its stake in Albemarle Corporation (ALB) by 16.14% based on its latest 2017Q3 regulatory filing with the SEC. Integre Asset Management Llc sold 3,906 shares as the company’s stock rose 20.02% with the market. The institutional investor held 20,288 shares of the major chemicals company at the end of 2017Q3, valued at $2.77M, down from 24,194 at the end of the previous reported quarter. Integre Asset Management Llc who had been investing in Albemarle Corporation for a number of months, seems to be less bullish one the $14.75 billion market cap company. The stock decreased 0.87% or $1.17 during the last trading session, reaching $133.52. About 990,097 shares traded. Albemarle Corporation (NYSE:ALB) has risen 45.60% since January 14, 2017 and is uptrending. It has outperformed by 28.90% the S&P500.

Mckinley Carter Wealth Services Inc decreased its stake in Hormel Foods Corp (HRL) by 67.69% based on its latest 2017Q3 regulatory filing with the SEC. Mckinley Carter Wealth Services Inc sold 43,709 shares as the company’s stock declined 6.52% while stock markets rallied. The institutional investor held 20,860 shares of the meat and poultry and fish company at the end of 2017Q3, valued at $670,000, down from 64,569 at the end of the previous reported quarter. Mckinley Carter Wealth Services Inc who had been investing in Hormel Foods Corp for a number of months, seems to be less bullish one the $18.30B market cap company. The stock increased 0.61% or $0.21 during the last trading session, reaching $34.55. About 3.19M shares traded or 20.89% up from the average. Hormel Foods Corporation (NYSE:HRL) has declined 1.53% since January 14, 2017 and is downtrending. It has underperformed by 18.23% the S&P500.

Among 21 analysts covering Albemarle Corporation (NYSE:ALB), 12 have Buy rating, 0 Sell and 9 Hold. Therefore 57% are positive. Albemarle Corporation had 61 analyst reports since August 7, 2015 according to SRatingsIntel. The company was maintained on Tuesday, December 29 by Jefferies. The firm has “Buy” rating given on Monday, October 23 by Jefferies. The firm earned “Buy” rating on Monday, April 18 by Citigroup. The stock of Albemarle Corporation (NYSE:ALB) earned “Buy” rating by Citigroup on Tuesday, August 9. The firm earned “Buy” rating on Tuesday, October 17 by RBC Capital Markets. The rating was initiated by Oppenheimer on Wednesday, August 16 with “Buy”. The company was downgraded on Monday, September 25 by Robert W. Baird. Jefferies maintained Albemarle Corporation (NYSE:ALB) rating on Wednesday, April 5. Jefferies has “Buy” rating and $120 target. Goldman Sachs downgraded the stock to “Neutral” rating in Friday, October 6 report. KeyBanc Capital Markets maintained Albemarle Corporation (NYSE:ALB) rating on Monday, October 16. KeyBanc Capital Markets has “Buy” rating and $150 target.

Since August 23, 2017, it had 0 insider buys, and 2 insider sales for $1.96 million activity. Another trade for 11,500 shares valued at $1.33M was sold by NARWOLD KAREN G.

Analysts await Albemarle Corporation (NYSE:ALB) to report earnings on February, 26. They expect $1.21 earnings per share, up 55.13% or $0.43 from last year’s $0.78 per share. ALB’s profit will be $133.70M for 27.59 P/E if the $1.21 EPS becomes a reality. After $1.08 actual earnings per share reported by Albemarle Corporation for the previous quarter, Wall Street now forecasts 12.04% EPS growth.

Investors sentiment decreased to 1.13 in Q3 2017. Its down 0.12, from 1.25 in 2017Q2. It is negative, as 53 investors sold ALB shares while 158 reduced holdings. 77 funds opened positions while 161 raised stakes. 95.18 million shares or 4.66% more from 90.94 million shares in 2017Q2 were reported. Bnp Paribas Asset Hldgs Sa has invested 0.09% of its portfolio in Albemarle Corporation (NYSE:ALB). Millennium Mngmt Ltd Llc invested 0.06% in Albemarle Corporation (NYSE:ALB). Bb&T Corp holds 0.12% of its portfolio in Albemarle Corporation (NYSE:ALB) for 44,199 shares. Mastrapasqua Asset Mngmt holds 1.36% or 48,253 shares. Dana Advsrs owns 10,705 shares or 0.07% of their US portfolio. The Florida-based Raymond James Finance has invested 0.02% in Albemarle Corporation (NYSE:ALB). Srb has 0.03% invested in Albemarle Corporation (NYSE:ALB). Cullinan Assoc Incorporated holds 0.02% or 1,900 shares. Chase Investment Counsel Corporation holds 34,674 shares. Williams Jones And Associate Limited Com has 0.46% invested in Albemarle Corporation (NYSE:ALB). Mitchell Mcleod Pugh And Williams has 0.15% invested in Albemarle Corporation (NYSE:ALB) for 1,500 shares. Boothbay Fund Ltd Com holds 0.05% or 2,292 shares in its portfolio. Canada Pension Plan Board holds 0.02% in Albemarle Corporation (NYSE:ALB) or 78,310 shares. Cibc Corp holds 0.02% or 16,087 shares. New Mexico Educational Retirement Board has 0.07% invested in Albemarle Corporation (NYSE:ALB) for 10,300 shares.

Mckinley Carter Wealth Services Inc, which manages about $815.35M and $260.58 million US Long portfolio, upped its stake in Ishares Tr (IWB) by 60,805 shares to 227,698 shares, valued at $31.85 million in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (IVV) by 3,027 shares in the quarter, for a total of 45,233 shares, and has risen its stake in Walgreens Boots Alliance Inc.

Among 15 analysts covering Hormel Foods Corporation (NYSE:HRL), 5 have Buy rating, 3 Sell and 7 Hold. Therefore 33% are positive. Hormel Foods Corporation had 49 analyst reports since July 27, 2015 according to SRatingsIntel. Edward Jones upgraded Hormel Foods Corporation (NYSE:HRL) on Wednesday, August 24 to “Buy” rating. As per Monday, October 30, the company rating was maintained by Jefferies. The firm has “Outperform” rating given on Friday, August 25 by BMO Capital Markets. The firm has “Buy” rating given on Friday, March 31 by BMO Capital Markets. Barclays Capital reinitiated the shares of HRL in report on Friday, December 1 with “Overweight” rating. The stock has “Neutral” rating by Credit Suisse on Wednesday, November 25. The rating was upgraded by BMO Capital Markets to “Outperform” on Friday, August 19. On Friday, June 16 the stock rating was maintained by BMO Capital Markets with “Buy”. The company was upgraded on Friday, September 16 by Edward Jones. As per Friday, June 16, the company rating was maintained by Stephens.

Analysts await Hormel Foods Corporation (NYSE:HRL) to report earnings on February, 22. They expect $0.42 earnings per share, down 4.55% or $0.02 from last year’s $0.44 per share. HRL’s profit will be $222.46M for 20.57 P/E if the $0.42 EPS becomes a reality. After $0.41 actual earnings per share reported by Hormel Foods Corporation for the previous quarter, Wall Street now forecasts 2.44% EPS growth.

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