Sealed Air New (SEE) Holder Brahman Capital Cut Its Stake as Market Value Declined; Braun Stacey Associates Has Trimmed Its Position in Zoetis Cl A (ZTS) by $1.04 Million

February 13, 2018 - By Dolores Ford

Braun Stacey Associates Inc decreased its stake in Zoetis Inc Cl A (ZTS) by 6.82% based on its latest 2017Q3 regulatory filing with the SEC. Braun Stacey Associates Inc sold 16,525 shares as the company’s stock rose 14.85% with the market. The institutional investor held 225,780 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $14.40 million, down from 242,305 at the end of the previous reported quarter. Braun Stacey Associates Inc who had been investing in Zoetis Inc Cl A for a number of months, seems to be less bullish one the $35.67B market cap company. The stock increased 1.16% or $0.84 during the last trading session, reaching $73.19. About 3.83M shares traded or 59.33% up from the average. Zoetis Inc. (NYSE:ZTS) has risen 29.89% since February 13, 2017 and is uptrending. It has outperformed by 13.19% the S&P500.

Peter Adam Hochfelder decreased its stake in Sealed Air Corp New (SEE) by 9.75% based on its latest 2017Q3 regulatory filing with the SEC. Brahman Capital Corp sold 244,423 shares as the company’s stock declined 9.02% while stock markets rallied. The hedge fund run by Peter Adam Hochfelder held 2.26 million shares of the major chemicals company at the end of 2017Q3, valued at $96.65 million, down from 2.51 million at the end of the previous reported quarter. Brahman Capital Corp who had been investing in Sealed Air Corp New for a number of months, seems to be less bullish one the $7.67B market cap company. The stock increased 2.06% or $0.86 during the last trading session, reaching $42.52. About 6.42M shares traded or 152.00% up from the average. Sealed Air Corporation (NYSE:SEE) has declined 6.94% since February 13, 2017 and is downtrending. It has underperformed by 23.64% the S&P500.

Among 15 analysts covering Sealed Air Corporation (NYSE:SEE), 7 have Buy rating, 0 Sell and 8 Hold. Therefore 47% are positive. Sealed Air Corporation had 52 analyst reports since August 4, 2015 according to SRatingsIntel. On Tuesday, September 13 the stock rating was initiated by JP Morgan with “Neutral”. The rating was initiated by Goldman Sachs on Thursday, May 12 with “Buy”. UBS initiated it with “Buy” rating and $54 target in Tuesday, August 23 report. The stock has “Buy” rating by Robert W. Baird on Tuesday, June 13. The stock of Sealed Air Corporation (NYSE:SEE) has “Buy” rating given on Monday, February 12 by Vertical Research. The company was maintained on Thursday, January 25 by BMO Capital Markets. The company was maintained on Friday, February 9 by Bank of America. The stock has “Buy” rating by Citigroup on Friday, July 15. The stock of Sealed Air Corporation (NYSE:SEE) has “Buy” rating given on Wednesday, April 5 by Goldman Sachs. The rating was maintained by KeyBanc Capital Markets with “Hold” on Friday, February 9.

Among 21 analysts covering Zoetis Inc (NYSE:ZTS), 16 have Buy rating, 0 Sell and 5 Hold. Therefore 76% are positive. Zoetis Inc had 69 analyst reports since July 24, 2015 according to SRatingsIntel. The company was maintained on Thursday, November 16 by Jefferies. The rating was maintained by Jefferies on Tuesday, January 16 with “Buy”. The firm has “Sell” rating given on Friday, May 6 by Goldman Sachs. The stock of Zoetis Inc. (NYSE:ZTS) earned “Buy” rating by Craig Hallum on Tuesday, January 2. Morgan Stanley maintained Zoetis Inc. (NYSE:ZTS) rating on Friday, November 3. Morgan Stanley has “Equal-Weight” rating and $70 target. The stock has “Hold” rating by Zacks on Monday, September 7. The firm has “Overweight” rating given on Friday, June 16 by Cantor Fitzgerald. PiperJaffray maintained the shares of ZTS in report on Thursday, December 15 with “Overweight” rating. Deutsche Bank initiated Zoetis Inc. (NYSE:ZTS) rating on Tuesday, December 20. Deutsche Bank has “Buy” rating and $62 target. Barclays Capital maintained Zoetis Inc. (NYSE:ZTS) on Thursday, August 4 with “Equal-Weight” rating.

Braun Stacey Associates Inc, which manages about $3.55B and $1.46B US Long portfolio, upped its stake in Xylem Inc Com (NYSE:XYL) by 10,015 shares to 33,675 shares, valued at $2.11M in 2017Q3, according to the filing. It also increased its holding in Caterpillar Inc (NYSE:CAT) by 115,041 shares in the quarter, for a total of 126,766 shares, and has risen its stake in Alibaba Group Hldg Ltd Sponsor (NYSE:BABA).

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