Pinnacle Financial Partners (PNFP) Shareholder Berkshire Asset Management Has Lowered Stake by $548,856; Nine Masts Capital LTD Holding in United Parcel Service (UPS) Has Lowered by $587,384 as Market Valuation Declined

April 12, 2018 - By Hazel Jackson

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Logo

Chao Ku decreased its stake in United Parcel Service Inc (UPS) by 71.65% based on its latest 2017Q4 regulatory filing with the SEC. Nine Masts Capital Ltd sold 4,936 shares as the company’s stock declined 13.88% with the market. The hedge fund run by Chao Ku held 1,953 shares of the transportation company at the end of 2017Q4, valued at $233,000, down from 6,889 at the end of the previous reported quarter. Nine Masts Capital Ltd who had been investing in United Parcel Service Inc for a number of months, seems to be less bullish one the $91.39B market cap company. The stock increased 0.07% or $0.07 during the last trading session, reaching $106.09. About 1.62M shares traded. United Parcel Service, Inc. (NYSE:UPS) has declined 2.49% since April 12, 2017 and is downtrending. It has underperformed by 14.04% the S&P500.

Berkshire Asset Management Llc decreased its stake in Pinnacle Financial Partners (PNFP) by 58.82% based on its latest 2017Q4 regulatory filing with the SEC. Berkshire Asset Management Llc sold 8,316 shares as the company’s stock declined 8.68% with the market. The hedge fund held 5,821 shares of the finance company at the end of 2017Q4, valued at $386,000, down from 14,137 at the end of the previous reported quarter. Berkshire Asset Management Llc who had been investing in Pinnacle Financial Partners for a number of months, seems to be less bullish one the $5.01B market cap company. The stock increased 0.08% or $0.05 during the last trading session, reaching $64.8. About 276,154 shares traded. Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) has declined 0.40% since April 12, 2017 and is downtrending. It has underperformed by 11.95% the S&P500.

Among 24 analysts covering United Parcel Service (NYSE:UPS), 11 have Buy rating, 1 Sell and 12 Hold. Therefore 46% are positive. United Parcel Service had 74 analyst reports since July 29, 2015 according to SRatingsIntel. Oppenheimer maintained the stock with “Buy” rating in Thursday, July 27 report. The stock of United Parcel Service, Inc. (NYSE:UPS) earned “Hold” rating by Robert W. Baird on Friday, October 27. Cowen & Co maintained United Parcel Service, Inc. (NYSE:UPS) rating on Monday, July 17. Cowen & Co has “Hold” rating and $11500 target. Loop Capital maintained United Parcel Service, Inc. (NYSE:UPS) on Friday, October 27 with “Hold” rating. S&P Research maintained the shares of UPS in report on Tuesday, September 22 with “Buy” rating. The stock of United Parcel Service, Inc. (NYSE:UPS) has “Buy” rating given on Friday, February 16 by Edward Jones. As per Tuesday, August 2, the company rating was maintained by Argus Research. The firm has “Hold” rating given on Thursday, August 24 by Robert W. Baird. The firm has “Buy” rating by Oppenheimer given on Wednesday, September 20. Deutsche Bank maintained United Parcel Service, Inc. (NYSE:UPS) rating on Monday, January 8. Deutsche Bank has “Buy” rating and $145.0 target.

Analysts await United Parcel Service, Inc. (NYSE:UPS) to report earnings on April, 26. They expect $1.54 earnings per share, up 16.67% or $0.22 from last year’s $1.32 per share. UPS’s profit will be $1.33B for 17.22 P/E if the $1.54 EPS becomes a reality. After $1.67 actual earnings per share reported by United Parcel Service, Inc. for the previous quarter, Wall Street now forecasts -7.78% negative EPS growth.

Nine Masts Capital Ltd, which manages about $750.28 million US Long portfolio, upped its stake in Mylan N V (NASDAQ:MYL) by 13,100 shares to 13,200 shares, valued at $558,000 in 2017Q4, according to the filing. It also increased its holding in Blackstone Group LP (NYSE:BX) by 46,043 shares in the quarter, for a total of 49,543 shares, and has risen its stake in Momo Inc.

Since February 26, 2018, it had 0 insider buys, and 1 insider sale for $480,600 activity.

Investors sentiment increased to 1.23 in Q4 2017. Its up 0.09, from 1.14 in 2017Q3. It improved, as 59 investors sold UPS shares while 372 reduced holdings. 107 funds opened positions while 422 raised stakes. 448.80 million shares or 0.57% less from 451.38 million shares in 2017Q3 were reported. New Jersey Better Educational Savings reported 0.48% of its portfolio in United Parcel Service, Inc. (NYSE:UPS). 22,232 are held by Diversified. Vision Capital Mgmt owns 11,035 shares. Northwestern Mutual Wealth Mngmt Com invested 0.03% of its portfolio in United Parcel Service, Inc. (NYSE:UPS). First Fin In invested 0.47% of its portfolio in United Parcel Service, Inc. (NYSE:UPS). Fincl Bank Of Mellon holds 0.19% or 6.09M shares in its portfolio. Gw Henssler has invested 0.96% in United Parcel Service, Inc. (NYSE:UPS). Arizona State Retirement reported 0.22% of its portfolio in United Parcel Service, Inc. (NYSE:UPS). Sand Hill Advisors Ltd invested in 39,277 shares or 0.47% of the stock. 107,006 are held by Virtus Advisers. Cacti Asset Mngmt Ltd Liability has invested 3.91% in United Parcel Service, Inc. (NYSE:UPS). Sarasin And Prtn Llp stated it has 0.82% of its portfolio in United Parcel Service, Inc. (NYSE:UPS). Olstein Cap Mgmt Lp, a New York-based fund reported 66,000 shares. Capwealth Advisors Ltd holds 1.51% or 70,481 shares. Keybank Association Oh accumulated 340,306 shares or 0.23% of the stock.

Analysts await Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) to report earnings on April, 16. They expect $1.09 earnings per share, up 31.33% or $0.26 from last year’s $0.83 per share. PNFP’s profit will be $84.27 million for 14.86 P/E if the $1.09 EPS becomes a reality. After $0.97 actual earnings per share reported by Pinnacle Financial Partners, Inc. for the previous quarter, Wall Street now forecasts 12.37% EPS growth.

Investors sentiment decreased to 0.96 in Q4 2017. Its down 0.51, from 1.47 in 2017Q3. It is negative, as 25 investors sold PNFP shares while 91 reduced holdings. 39 funds opened positions while 72 raised stakes. 58.45 million shares or 5.89% more from 55.20 million shares in 2017Q3 were reported. Oakbrook Invests Ltd Co reported 6,410 shares. Pinebridge Invs Ltd Partnership reported 51 shares or 0% of all its holdings. Quantbot Technology LP invested in 0.03% or 4,176 shares. Rainier Invest Mngmt Ltd Liability Corporation reported 45,050 shares. Nj State Employees Deferred Compensation Plan holds 10,000 shares or 0.11% of its portfolio. Atlanta Capital Management L L C reported 464,191 shares. Dekabank Deutsche Girozentrale invested in 0.01% or 26,800 shares. Federated Invsts Pa has invested 0% in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Walleye Trading Limited Company, a Minnesota-based fund reported 7,200 shares. Oak Ridge Invests Limited Liability Corp invested 1.05% in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Vantage Invest Advisors Ltd accumulated 701 shares. Pitcairn, Pennsylvania-based fund reported 3,059 shares. Sei Invests Company, a Pennsylvania-based fund reported 29,374 shares. Highland Capital Limited Liability Company stated it has 0.02% of its portfolio in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Panagora Asset Mgmt Inc stated it has 1,489 shares or 0% of all its holdings.

Since October 20, 2017, it had 0 insider purchases, and 18 insider sales for $18.79 million activity. 21,253 shares were sold by QUEENER HUGH M, worth $1.43 million. $198,192 worth of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) was sold by Samuel Ronald L. $809,929 worth of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) was sold by CARPENTER HAROLD R on Monday, March 12. Sloan Thomas R sold 15,000 shares worth $989,600. CALLICUTT RICHARD D II had sold 30,000 shares worth $2.02 million on Friday, October 20. $2.09M worth of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) was sold by TURNER M TERRY.

Among 15 analysts covering Pinnacle Financial Partners (NASDAQ:PNFP), 10 have Buy rating, 1 Sell and 4 Hold. Therefore 67% are positive. Pinnacle Financial Partners had 41 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) has “Equal-Weight” rating given on Wednesday, January 18 by Stephens. Piper Jaffray maintained the shares of PNFP in report on Thursday, January 18 with “Buy” rating. Wood upgraded the stock to “Outperform” rating in Friday, September 11 report. The stock has “Buy” rating by Hilliard Lyons on Wednesday, November 8. SunTrust maintained Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) rating on Tuesday, October 3. SunTrust has “Buy” rating and $73.0 target. The rating was upgraded by Stephens on Friday, January 29 to “Overweight”. The stock of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) has “Mkt Perform” rating given on Thursday, July 23 by Bruyette & Woods”. Hovde Group upgraded Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) rating on Monday, January 25. Hovde Group has “Market Perform” rating and $51 target. Hilliard Lyons downgraded the shares of PNFP in report on Friday, October 20 to “Neutral” rating. The stock of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, February 15.

Berkshire Asset Management Llc, which manages about $867.20 million and $1.03 billion US Long portfolio, upped its stake in Microsoft (NASDAQ:MSFT) by 37,672 shares to 430,062 shares, valued at $36.79 million in 2017Q4, according to the filing. It also increased its holding in Emerson Electric (NYSE:EMR) by 33,074 shares in the quarter, for a total of 248,145 shares, and has risen its stake in General Mills (NYSE:GIS).

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Institutional Positions Chart

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