Stericycle (SRCL) Shareholder Covington Capital Management Decreased Its Holding by $861,955; United Bank Has Increased Its Philip Morris Intl (PM) Position by $1.15 Million

April 17, 2018 - By Ellis Scott

Stericycle, Inc. (NASDAQ:SRCL) Logo

Covington Capital Management decreased its stake in Stericycle Inc (SRCL) by 20.24% based on its latest 2017Q4 regulatory filing with the SEC. Covington Capital Management sold 12,865 shares as the company’s stock declined 13.72% with the market. The institutional investor held 50,695 shares of the basic industries company at the end of 2017Q4, valued at $3.45 million, down from 63,560 at the end of the previous reported quarter. Covington Capital Management who had been investing in Stericycle Inc for a number of months, seems to be less bullish one the $5.17 billion market cap company. The stock increased 0.43% or $0.26 during the last trading session, reaching $60.44. About 489,535 shares traded. Stericycle, Inc. (NASDAQ:SRCL) has declined 27.78% since April 17, 2017 and is downtrending. It has underperformed by 39.33% the S&P500.

United Bank increased its stake in Philip Morris Intl Inc (PM) by 317.01% based on its latest 2017Q4 regulatory filing with the SEC. United Bank bought 10,975 shares as the company’s stock declined 7.57% with the market. The institutional investor held 14,437 shares of the farming and seeds and milling company at the end of 2017Q4, valued at $1.53 million, up from 3,462 at the end of the previous reported quarter. United Bank who had been investing in Philip Morris Intl Inc for a number of months, seems to be bullish on the $160.58 billion market cap company. The stock increased 0.34% or $0.35 during the last trading session, reaching $103.3. About 2.19M shares traded. Philip Morris International Inc. (NYSE:PM) has declined 13.93% since April 17, 2017 and is downtrending. It has underperformed by 25.48% the S&P500.

Investors sentiment increased to 1.11 in 2017 Q4. Its up 0.14, from 0.97 in 2017Q3. It is positive, as 74 investors sold PM shares while 467 reduced holdings. 109 funds opened positions while 493 raised stakes. 1.09 billion shares or 0.42% less from 1.10 billion shares in 2017Q3 were reported. Parsec Fincl Mgmt Inc owns 18,511 shares for 0.13% of their portfolio. Campbell Newman Asset Inc reported 0.11% in Philip Morris International Inc. (NYSE:PM). Nwq Inv Management Ltd Company invested in 42,125 shares or 0.06% of the stock. Cedar Hill Limited Liability Corporation owns 9,566 shares for 0.18% of their portfolio. 2,575 were reported by Arvest Bank Division. Clifford Swan Inv Counsel Ltd holds 0.79% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 136,819 shares. Bangor Bank reported 16,079 shares. M holds 0.71% or 11,394 shares in its portfolio. Cornerstone holds 0.07% in Philip Morris International Inc. (NYSE:PM) or 3,827 shares. Supplemental Annuity Collective Trust Of Nj holds 0.89% or 20,000 shares. Buckingham Cap Management Inc has invested 0.17% in Philip Morris International Inc. (NYSE:PM). Lederer And Assocs Investment Counsel Ca has invested 0.26% in Philip Morris International Inc. (NYSE:PM). Motco stated it has 923 shares. Keystone Planning Inc stated it has 60,928 shares or 3.43% of all its holdings. Trustmark Bancorp Tru Department invested 0.29% of its portfolio in Philip Morris International Inc. (NYSE:PM).

Since October 24, 2017, it had 0 insider purchases, and 3 sales for $18.32 million activity. The insider CALANTZOPOULOS ANDRE sold $5.08 million. 108,979 shares valued at $11.81 million were sold by CAMILLERI LOUIS C on Tuesday, October 24.

Among 20 analysts covering Philip Morris International (NYSE:PM), 15 have Buy rating, 0 Sell and 5 Hold. Therefore 75% are positive. Philip Morris International had 56 analyst reports since August 24, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Tuesday, September 13 by Citigroup. Jefferies maintained the shares of PM in report on Thursday, October 12 with “Hold” rating. The stock has “Buy” rating by Cowen & Co on Thursday, July 20. The firm has “Buy” rating by Cowen & Co given on Friday, October 20. Deutsche Bank initiated the stock with “Buy” rating in Tuesday, April 10 report. The stock has “Buy” rating by Wells Fargo on Wednesday, November 15. Goldman Sachs upgraded the stock to “Buy” rating in Thursday, September 28 report. Jefferies maintained Philip Morris International Inc. (NYSE:PM) rating on Tuesday, June 20. Jefferies has “Hold” rating and $121 target. The company was maintained on Friday, October 20 by Citigroup. Goldman Sachs upgraded the shares of PM in report on Monday, September 12 to “Buy” rating.

Analysts await Stericycle, Inc. (NASDAQ:SRCL) to report earnings on May, 3 after the close. They expect $1.04 earnings per share, down 4.59% or $0.05 from last year’s $1.09 per share. SRCL’s profit will be $88.96M for 14.53 P/E if the $1.04 EPS becomes a reality. After $1.00 actual earnings per share reported by Stericycle, Inc. for the previous quarter, Wall Street now forecasts 4.00% EPS growth.

Investors sentiment decreased to 0.7 in 2017 Q4. Its down 0.19, from 0.89 in 2017Q3. It fall, as 75 investors sold SRCL shares while 177 reduced holdings. 50 funds opened positions while 126 raised stakes. 76.99 million shares or 1.32% less from 78.02 million shares in 2017Q3 were reported. Schwab Charles Inv Mgmt reported 0.03% stake. Community Bank & Trust Na accumulated 0% or 32 shares. Prudential Public Limited Company invested in 0.06% or 289,237 shares. Commerce Commercial Bank has 5,978 shares. Thematic Prns Ltd Liability Corp invested 2.51% in Stericycle, Inc. (NASDAQ:SRCL). Raymond James Na holds 0.04% or 8,420 shares. Fort Washington Invest Advsr Inc Oh holds 947,011 shares or 0.64% of its portfolio. Welch And Forbes Lc stated it has 172,705 shares or 0.31% of all its holdings. Guggenheim Ltd holds 525,480 shares or 0.08% of its portfolio. Manchester Cap Ltd Company owns 137 shares. Nomura Incorporated holds 0% or 5,500 shares. Renaissance Tech Ltd Liability reported 303,820 shares. Bard Associate Incorporated owns 32,590 shares for 1.06% of their portfolio. Ameriprise Finance has 0.01% invested in Stericycle, Inc. (NASDAQ:SRCL). State Bank Of Ny Mellon Corp owns 622,564 shares.

Among 16 analysts covering Stericycle (NASDAQ:SRCL), 6 have Buy rating, 2 Sell and 8 Hold. Therefore 38% are positive. Stericycle had 57 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Monday, September 19 with “Underperform”. The firm has “Underperform” rating given on Friday, September 9 by Imperial Capital. Barrington Research maintained it with “Outperform” rating and $88 target in Wednesday, October 5 report. The firm has “Buy” rating by Jefferies given on Friday, August 11. The company was upgraded on Tuesday, September 8 by Raymond James. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, October 23. The stock of Stericycle, Inc. (NASDAQ:SRCL) earned “Underperform” rating by Imperial Capital on Friday, July 29. Stifel Nicolaus maintained Stericycle, Inc. (NASDAQ:SRCL) on Thursday, February 22 with “Buy” rating. The rating was downgraded by RBC Capital Markets on Friday, April 29 to “Underperform”. On Friday, August 26 the stock rating was initiated by Macquarie Research with “Neutral”.

Since October 30, 2017, it had 1 insider purchase, and 1 sale for $766,975 activity. 10,000 shares valued at $625,910 were bought by SCHULER JACK W on Thursday, March 1.

Covington Capital Management, which manages about $1.97B and $1.62 billion US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 2,229 shares to 39,017 shares, valued at $6.89M in 2017Q4, according to the filing. It also increased its holding in Alibaba Group Hldg Ltd (NYSE:BABA) by 7,019 shares in the quarter, for a total of 13,139 shares, and has risen its stake in Dominion Energy Inc (NYSE:D).

Stericycle, Inc. (NASDAQ:SRCL) Institutional Positions Chart

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