New York State Common Retirement Fund Increases Holding in Polyone (POL); Cambridge Trust Company Trimmed Its Anheuser (BUD) Holding by $6.14 Million; Share Price Declined

May 15, 2018 - By Linda Rogers

PolyOne Corporation (NYSE:POL) Logo

Cambridge Trust Company decreased its stake in Anheuser (BUD) by 68.54% based on its latest 2017Q4 regulatory filing with the SEC. Cambridge Trust Company sold 55,297 shares as the company’s stock declined 3.67% with the market. The institutional investor held 25,387 shares of the beverages (production and distribution) company at the end of 2017Q4, valued at $2.83 million, down from 80,684 at the end of the previous reported quarter. Cambridge Trust Company who had been investing in Anheuser for a number of months, seems to be less bullish one the $182.08B market cap company. The stock decreased 1.87% or $1.79 during the last trading session, reaching $93.69. About 1.33 million shares traded. Anheuser-Busch InBev SA/NV (NYSE:BUD) has declined 3.50% since May 15, 2017 and is downtrending. It has underperformed by 15.05% the S&P500.

New York State Common Retirement Fund increased its stake in Polyone Corporation (POL) by 92.29% based on its latest 2017Q4 regulatory filing with the SEC. New York State Common Retirement Fund bought 189,192 shares as the company’s stock declined 3.82% with the market. The institutional investor held 394,188 shares of the major chemicals company at the end of 2017Q4, valued at $17.15M, up from 204,996 at the end of the previous reported quarter. New York State Common Retirement Fund who had been investing in Polyone Corporation for a number of months, seems to be bullish on the $3.38 billion market cap company. The stock increased 0.02% or $0.01 during the last trading session, reaching $42.23. About 28,802 shares traded. PolyOne Corporation (NYSE:POL) has risen 25.46% since May 15, 2017 and is uptrending. It has outperformed by 13.91% the S&P500.

Analysts await Anheuser-Busch InBev SA/NV (NYSE:BUD) to report earnings on July, 26. They expect $1.27 earnings per share, up 33.68% or $0.32 from last year’s $0.95 per share. BUD’s profit will be $2.47B for 18.44 P/E if the $1.27 EPS becomes a reality. After $0.73 actual earnings per share reported by Anheuser-Busch InBev SA/NV for the previous quarter, Wall Street now forecasts 73.97% EPS growth.

Cambridge Trust Company, which manages about $1.58B US Long portfolio, upped its stake in Royal Dutch by 8,005 shares to 434,917 shares, valued at $29.70 million in 2017Q4, according to the filing. It also increased its holding in Wisdomtree (DXJ) by 14,595 shares in the quarter, for a total of 22,819 shares, and has risen its stake in Dave & Busters Entertainment Inc (NASDAQ:PLAY).

Among 23 analysts covering Anheuser-Busch InBev (NYSE:BUD), 16 have Buy rating, 3 Sell and 4 Hold. Therefore 70% are positive. Anheuser-Busch InBev had 52 analyst reports since July 21, 2015 according to SRatingsIntel. As per Thursday, August 13, the company rating was upgraded by Vetr. On Monday, August 22 the stock rating was upgraded by Kepler Cheuvreux to “Buy”. Jefferies maintained the shares of BUD in report on Thursday, January 11 with “Buy” rating. The stock has “Hold” rating by Societe Generale on Thursday, October 20. The firm has “Underweight” rating by JP Morgan given on Wednesday, April 11. The stock of Anheuser-Busch InBev SA/NV (NYSE:BUD) earned “Hold” rating by Susquehanna on Friday, May 5. The firm earned “Buy” rating on Thursday, September 17 by Sterne Agee CRT. The firm earned “Buy” rating on Wednesday, April 18 by Stifel Nicolaus. Berenberg upgraded Anheuser-Busch InBev SA/NV (NYSE:BUD) on Friday, November 13 to “Buy” rating. The rating was maintained by Stifel Nicolaus on Friday, February 26 with “Buy”.

More notable recent Anheuser-Busch InBev SA/NV (NYSE:BUD) news were published by: Benzinga.com which released: “Molson Coors On Tap For 35% Upside” on April 18, 2018, also Investorplace.com with their article: “Are There Any Safe Stocks to Buy and Hold Anymore?” published on May 11, 2018, Seekingalpha.com published: “This BUD’s For Me… And You Too?” on May 02, 2018. More interesting news about Anheuser-Busch InBev SA/NV (NYSE:BUD) were released by: Bizjournals.com and their article: “Portland food entrepreneur brings AB InBev-backed startup to the Rose City” published on April 19, 2018 as well as Benzinga.com‘s news article titled: “Bank Of America Downgrades Anheuser Busch Due To Sobering Outlook” with publication date: April 26, 2018.

Investors sentiment decreased to 0.96 in Q4 2017. Its down 0.31, from 1.27 in 2017Q3. It dropped, as 44 investors sold BUD shares while 158 reduced holdings. 56 funds opened positions while 138 raised stakes. 94.11 million shares or 1.92% more from 92.33 million shares in 2017Q3 were reported. Credit Suisse Ag accumulated 385,255 shares or 0.04% of the stock. Palo Capital Incorporated invested in 0.21% or 4,265 shares. Weybosset Rech Mngmt Ltd Liability Corp reported 3.01% in Anheuser-Busch InBev SA/NV (NYSE:BUD). Cetera Lc reported 0.02% stake. Sigma Planning invested in 0.03% or 3,915 shares. 15,065 are owned by Pittenger Anderson Inc. American Asset Mgmt reported 0.24% in Anheuser-Busch InBev SA/NV (NYSE:BUD). Panagora Asset reported 0% stake. Eagle Advsrs Limited Liability Company owns 32,172 shares. Oppenheimer Co owns 18,853 shares or 0.05% of their US portfolio. Gluskin Sheff And Assoc has 16,967 shares. Roundview Llc invested in 0.33% or 11,610 shares. First Manhattan owns 1.75M shares or 1.07% of their US portfolio. Jane Street Lc reported 93,841 shares. Levin Capital Strategies LP holds 0.01% or 4,000 shares in its portfolio.

New York State Common Retirement Fund, which manages about $83.07 billion US Long portfolio, decreased its stake in Lowes Companies (NYSE:LOW) by 9,500 shares to 2.49M shares, valued at $231.17 million in 2017Q4, according to the filing. It also reduced its holding in Wgl Holdings Inc (NYSE:WGL) by 68,870 shares in the quarter, leaving it with 275,966 shares, and cut its stake in Hormel Foods Corporation (NYSE:HRL).

Among 9 analysts covering Polyone Corporation (NYSE:POL), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Polyone Corporation had 27 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Friday, August 4 by Jefferies. The firm has “Buy” rating by Seaport Global given on Wednesday, January 31. Robert W. Baird maintained PolyOne Corporation (NYSE:POL) rating on Monday, August 24. Robert W. Baird has “Buy” rating and $39 target. Jefferies maintained it with “Hold” rating and $36 target in Wednesday, October 12 report. The stock has “Buy” rating by Oppenheimer on Wednesday, August 16. The stock has “Buy” rating by Robert W. Baird on Tuesday, October 10. Goldman Sachs upgraded PolyOne Corporation (NYSE:POL) on Monday, August 17 to “Buy” rating. The stock of PolyOne Corporation (NYSE:POL) has “Buy” rating given on Sunday, January 28 by KeyBanc Capital Markets. The rating was maintained by Jefferies on Wednesday, October 25 with “Hold”. The stock has “Overweight” rating by KeyBanc Capital Markets on Thursday, October 26.

More recent PolyOne Corporation (NYSE:POL) news were published by: Prnewswire.com which released: “PolyOne Announces Michael A. Garratt to Serve as Interim President of Specialty Engineered Materials” on April 30, 2018. Also Prnewswire.com published the news titled: “PolyOne Appoints Giuseppe Di Salvo as Vice President, Investor Relations; Justin M. Hess as Vice President …” on May 07, 2018. Crainscleveland.com‘s news article titled: “PolyOne Corp. promotes two executives to VP level” with publication date: May 08, 2018 was also an interesting one.

PolyOne Corporation (NYSE:POL) Institutional Positions Chart

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