Bristol (BMY) Share Value Rose While Hikari Power LTD Has Lowered Its Stake by $439,200; Montrusco Bolton Investments Lowered Cullen Frost Bankers (CFR) Stake as Market Valuation Rose

April 20, 2018 - By Ruchi Gupta

Cullen/Frost Bankers, Inc. (NYSE:CFR) Logo

Hikari Power Ltd decreased its stake in Bristol (BMY) by 8.49% based on its latest 2017Q4 regulatory filing with the SEC. Hikari Power Ltd sold 7,200 shares as the company’s stock rose 2.38% while stock markets declined. The institutional investor held 77,600 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $4.76 million, down from 84,800 at the end of the previous reported quarter. Hikari Power Ltd who had been investing in Bristol for a number of months, seems to be less bullish one the $84.38B market cap company. The stock decreased 1.32% or $0.69 during the last trading session, reaching $51.61. About 17.15 million shares traded or 93.93% up from the average. Bristol-Myers Squibb Company (NYSE:BMY) has risen 11.37% since April 20, 2017 and is uptrending. It has underperformed by 0.18% the S&P500.

Montrusco Bolton Investments Inc decreased its stake in Cullen Frost Bankers Inc (CFR) by 16.13% based on its latest 2017Q4 regulatory filing with the SEC. Montrusco Bolton Investments Inc sold 11,967 shares as the company’s stock rose 7.06% while stock markets declined. The institutional investor held 62,242 shares of the finance company at the end of 2017Q4, valued at $5.89 million, down from 74,209 at the end of the previous reported quarter. Montrusco Bolton Investments Inc who had been investing in Cullen Frost Bankers Inc for a number of months, seems to be less bullish one the $6.81 billion market cap company. The stock increased 2.86% or $2.97 during the last trading session, reaching $106.8. About 352,543 shares traded. Cullen/Frost Bankers, Inc. (NYSE:CFR) has risen 22.62% since April 20, 2017 and is uptrending. It has outperformed by 11.07% the S&P500.

Among 22 analysts covering Bristol-Myers Squibb Company (NYSE:BMY), 7 have Buy rating, 3 Sell and 12 Hold. Therefore 32% are positive. Bristol-Myers Squibb Company had 80 analyst reports since July 28, 2015 according to SRatingsIntel. SunTrust maintained the shares of BMY in report on Monday, October 16 with “Hold” rating. Jefferies maintained it with “Hold” rating and $59 target in Thursday, August 27 report. The firm earned “Hold” rating on Thursday, July 27 by Piper Jaffray. The stock has “Buy” rating by Leerink Swann on Tuesday, February 6. Berenberg downgraded Bristol-Myers Squibb Company (NYSE:BMY) on Thursday, August 11 to “Hold” rating. The firm has “Underweight” rating given on Friday, December 18 by Atlantic Securities. Jefferies maintained the stock with “Hold” rating in Tuesday, June 14 report. The firm has “Hold” rating by Cowen & Co given on Monday, September 18. As per Wednesday, April 5, the company rating was maintained by BMO Capital Markets. The rating was maintained by Deutsche Bank with “Hold” on Friday, October 28.

Hikari Power Ltd, which manages about $846.83M US Long portfolio, upped its stake in The Kraft Heinz Company by 6,700 shares to 26,020 shares, valued at $2.02 million in 2017Q4, according to the filing. It also increased its holding in Express Scripts Holding Inc (NASDAQ:ESRX) by 36,040 shares in the quarter, for a total of 134,600 shares, and has risen its stake in Phillips 66 (NYSE:PSX).

Since December 12, 2017, it had 1 buy, and 1 sale for $85,985 activity. 5,300 shares were sold by Lynch Thomas J. Jr., worth $335,172.

Investors sentiment decreased to 0.94 in Q4 2017. Its down 0.09, from 1.03 in 2017Q3. It worsened, as 72 investors sold BMY shares while 526 reduced holdings. 106 funds opened positions while 457 raised stakes. 1.11 billion shares or 0.48% more from 1.11 billion shares in 2017Q3 were reported. Thompson Davis And Incorporated holds 0.1% or 693 shares. Ronna Sue Cohen has 1.34% invested in Bristol-Myers Squibb Company (NYSE:BMY). 84,658 are owned by Argyle Mngmt Incorporated. Baldwin Brothers Inc Ma, Massachusetts-based fund reported 1,702 shares. Security Retail Bank Of Sioux City Iowa Ia owns 5,956 shares or 0.33% of their US portfolio. Triangle Secs Wealth Mngmt owns 37,999 shares. D L Carlson Inv Grp invested 1.07% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY). Lvm Cap Management Limited Mi accumulated 13,587 shares. Gotham Asset Mgmt Ltd Liability Corporation accumulated 154,793 shares. 4,000 are held by Garrison Bradford And Assoc. 85,367 are held by Qs Investors Ltd Liability Co. Norway-based Sector Gamma As has invested 3.97% in Bristol-Myers Squibb Company (NYSE:BMY). Manufacturers Life Ins Com The has 2.15 million shares for 0.14% of their portfolio. Advantus Mgmt owns 166,941 shares or 0.25% of their US portfolio. Coastline invested 0.28% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY).

Analysts await Bristol-Myers Squibb Company (NYSE:BMY) to report earnings on April, 26 before the open. They expect $0.84 EPS, 0.00% or $0.00 from last year’s $0.84 per share. BMY’s profit will be $1.37 billion for 15.36 P/E if the $0.84 EPS becomes a reality. After $0.68 actual EPS reported by Bristol-Myers Squibb Company for the previous quarter, Wall Street now forecasts 23.53% EPS growth.

Among 18 analysts covering CullenFrost (NYSE:CFR), 3 have Buy rating, 2 Sell and 13 Hold. Therefore 17% are positive. CullenFrost had 76 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Friday, October 7 by Wedbush. The company was maintained on Thursday, January 21 by Macquarie Research. As per Monday, January 8, the company rating was maintained by SunTrust. The firm has “Neutral” rating by JP Morgan given on Monday, October 30. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, January 25 report. The stock of Cullen/Frost Bankers, Inc. (NYSE:CFR) earned “Hold” rating by Jefferies on Friday, August 11. As per Thursday, April 6, the company rating was initiated by Raymond James. The firm earned “Hold” rating on Thursday, July 27 by Piper Jaffray. Raymond James downgraded Cullen/Frost Bankers, Inc. (NYSE:CFR) on Tuesday, April 10 to “Sell” rating. SunTrust maintained Cullen/Frost Bankers, Inc. (NYSE:CFR) on Thursday, January 25 with “Buy” rating.

Montrusco Bolton Investments Inc, which manages about $6.00B and $1.83 billion US Long portfolio, upped its stake in Magna Intl Inc (NYSE:MGA) by 5,645 shares to 239,904 shares, valued at $13.64M in 2017Q4, according to the filing. It also increased its holding in Descartes Sys Group Inc (NASDAQ:DSGX) by 170,756 shares in the quarter, for a total of 967,943 shares, and has risen its stake in Pepsico Inc (NYSE:PEP).

Analysts await Cullen/Frost Bankers, Inc. (NYSE:CFR) to report earnings on April, 26 before the open. They expect $1.49 EPS, up 16.41% or $0.21 from last year’s $1.28 per share. CFR’s profit will be $95.01 million for 17.92 P/E if the $1.49 EPS becomes a reality. After $1.47 actual EPS reported by Cullen/Frost Bankers, Inc. for the previous quarter, Wall Street now forecasts 1.36% EPS growth.

Since October 27, 2017, it had 0 buys, and 9 sales for $12.18 million activity. ALEXANDER R DENNY sold $219,080 worth of Cullen/Frost Bankers, Inc. (NYSE:CFR) on Friday, March 9. Shares for $2.55M were sold by McKnight Gary C on Friday, January 26. Bracher Paul sold $990,194 worth of Cullen/Frost Bankers, Inc. (NYSE:CFR) on Monday, February 26. 7,000 shares valued at $664,930 were sold by Wolfshohl Candace K on Wednesday, December 13. 41,760 Cullen/Frost Bankers, Inc. (NYSE:CFR) shares with value of $4.20M were sold by Berman Bobby. Perotti William L also sold $1.37 million worth of Cullen/Frost Bankers, Inc. (NYSE:CFR) on Friday, February 2.

Bristol-Myers Squibb Company (NYSE:BMY) Institutional Positions Chart

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