Wellington Management Group Llp Cut Kimco Rlty (KIM) Holding by $1.95 Million; International Business Machs (IBM) Holder Whitnell & Co Decreased Its Position

January 14, 2018 - By olga

Wellington Management Group Llp decreased its stake in Kimco Rlty Corp (KIM) by 80.11% based on its latest 2017Q3 regulatory filing with the SEC. Wellington Management Group Llp sold 102,647 shares as the company’s stock declined 23.76% while stock markets rallied. The institutional investor held 25,487 shares of the real estate investment trusts company at the end of 2017Q3, valued at $499,000, down from 128,134 at the end of the previous reported quarter. Wellington Management Group Llp who had been investing in Kimco Rlty Corp for a number of months, seems to be less bullish one the $7.13 billion market cap company. The stock decreased 1.47% or $0.25 during the last trading session, reaching $16.76. About 5.45 million shares traded or 36.91% up from the average. Kimco Realty Corporation (NYSE:KIM) has declined 31.73% since January 14, 2017 and is downtrending. It has underperformed by 48.43% the S&P500.

Whitnell & Co decreased its stake in International Business Machs (IBM) by 34.85% based on its latest 2017Q3 regulatory filing with the SEC. Whitnell & Co sold 5,330 shares as the company’s stock declined 15.88% while stock markets rallied. The institutional investor held 9,964 shares of the computer manufacturing company at the end of 2017Q3, valued at $1.45 million, down from 15,294 at the end of the previous reported quarter. Whitnell & Co who had been investing in International Business Machs for a number of months, seems to be less bullish one the $151.03B market cap company. The stock decreased 0.65% or $1.06 during the last trading session, reaching $163.14. About 5.03M shares traded. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since January 14, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.

Analysts await Kimco Realty Corporation (NYSE:KIM) to report earnings on February, 15 before the open. They expect $0.38 EPS, 0.00% or $0.00 from last year’s $0.38 per share. KIM’s profit will be $161.75M for 11.03 P/E if the $0.38 EPS becomes a reality. After $0.38 actual EPS reported by Kimco Realty Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 17 analysts covering Kimco Realty (NYSE:KIM), 5 have Buy rating, 0 Sell and 12 Hold. Therefore 29% are positive. Kimco Realty had 43 analyst reports since July 22, 2015 according to SRatingsIntel. Barclays Capital maintained the stock with “Overweight” rating in Monday, June 26 report. The stock of Kimco Realty Corporation (NYSE:KIM) has “Buy” rating given on Wednesday, July 26 by RBC Capital Markets. The firm earned “Overweight” rating on Tuesday, July 19 by Barclays Capital. Argus Research upgraded Kimco Realty Corporation (NYSE:KIM) on Wednesday, December 16 to “Buy” rating. JP Morgan maintained it with “Overweight” rating and $32 target in Thursday, August 11 report. Evercore downgraded the shares of KIM in report on Monday, August 14 to “In-Line” rating. Boenning & Scattergood maintained the shares of KIM in report on Friday, August 18 with “Hold” rating. The company was downgraded on Friday, December 15 by JP Morgan. The rating was upgraded by Raymond James to “Outperform” on Monday, January 9. The firm has “Hold” rating given on Friday, December 15 by J.P. Morgan.

Wellington Management Group Llp, which manages about $435.63 billion US Long portfolio, upped its stake in Par Technology Corp (NYSE:PAR) by 506,903 shares to 719,503 shares, valued at $7.51M in 2017Q3, according to the filing. It also increased its holding in Under Armour Inc (Call) (NYSE:UA) by 3,017 shares in the quarter, for a total of 3,542 shares, and has risen its stake in Applied Matls Inc (NASDAQ:AMAT).

Investors sentiment increased to 1.25 in 2017 Q3. Its up 0.06, from 1.19 in 2017Q2. It increased, as 37 investors sold KIM shares while 107 reduced holdings. 61 funds opened positions while 119 raised stakes. 385.41 million shares or 3.38% more from 372.80 million shares in 2017Q2 were reported. Lazard Asset Mngmt Llc reported 0% stake. Eii Mgmt Inc holds 117,068 shares or 0.86% of its portfolio. Synovus Corporation accumulated 16,967 shares. Hsbc Hldgs Public Limited Com, United Kingdom-based fund reported 2.05M shares. Moreover, Strs Ohio has 0.05% invested in Kimco Realty Corporation (NYSE:KIM) for 557,516 shares. Chesapeake Asset Management Limited Liability Corporation invested in 0.45% or 25,760 shares. Cohen Steers accumulated 5.42 million shares or 0.29% of the stock. Principal Grp invested 0.01% of its portfolio in Kimco Realty Corporation (NYSE:KIM). Cap Rech Global Invsts holds 8.00 million shares. Moreover, Lasalle Investment Mgmt Secs Ltd has 0.03% invested in Kimco Realty Corporation (NYSE:KIM) for 93,700 shares. Verition Fund Mgmt Limited Liability stated it has 45,708 shares or 0.07% of all its holdings. New Mexico Educational Retirement Board has 0.09% invested in Kimco Realty Corporation (NYSE:KIM) for 97,998 shares. Ontario Teachers Pension Plan Board accumulated 0.04% or 135,662 shares. Guardian Life Of America invested in 970 shares. 109,600 are owned by Denali Advisors.

Analysts await International Business Machines Corporation (NYSE:IBM) to report earnings on January, 18. They expect $5.16 earnings per share, up 2.99% or $0.15 from last year’s $5.01 per share. IBM’s profit will be $4.78B for 7.90 P/E if the $5.16 EPS becomes a reality. After $3.30 actual earnings per share reported by International Business Machines Corporation for the previous quarter, Wall Street now forecasts 56.36% EPS growth.

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