As Caterpillar Del (CAT) Valuation Declined, Argyle Capital Management Lowered Position; Time Warner (TWX) Shareholder Graham Capital Management LP Has Decreased Stake by $2.35 Million

June 14, 2018 - By Vivian Park

Caterpillar Inc. (NYSE:CAT) Logo

Argyle Capital Management Inc decreased its stake in Caterpillar Inc Del (CAT) by 21.41% based on its latest 2018Q1 regulatory filing with the SEC. Argyle Capital Management Inc sold 6,135 shares as the company’s stock declined 4.79% with the market. The institutional investor held 22,515 shares of the capital goods company at the end of 2018Q1, valued at $3.32 million, down from 28,650 at the end of the previous reported quarter. Argyle Capital Management Inc who had been investing in Caterpillar Inc Del for a number of months, seems to be less bullish one the $91.81B market cap company. The stock decreased 0.75% or $1.16 during the last trading session, reaching $153.55. About 2.98 million shares traded. Caterpillar Inc. (NYSE:CAT) has risen 48.40% since June 14, 2017 and is uptrending. It has outperformed by 35.83% the S&P500. Some Historical CAT News: 11/04/2018 – CATERPILLAR MAINTAINS QTR DIVIDEND RATE OF 78C/SHR VS EST. 80C; 24/04/2018 – CATERPILLAR INC CAT.N FY2018 SHR VIEW $9.28 — THOMSON REUTERS l/B/E/S; 19/04/2018 – Caterpillar Inc. Files Form 10-K; 20/03/2018 – CAT: NORTH AMERICAN PRICING IMPROVING IN CONSTRUCTION; 24/04/2018 – CATERPILLAR – WITH RESPECT TO SUPPLIERS, ALTHOUGH CONSTRAINTS REMAIN FOR SOME PARTS & COMPONENTS, CO SEEING IMPROVEMENTS IN MATERIAL FLOWS; 05/03/2018 – Caterpillar was the biggest contributor of gains to the Dow, rising 3.2 percent; 20/03/2018 – CAT SEES SOME RISK OF HIGHER STEEL PRICES BUT CAN MITIGATE; 24/04/2018 – Caterpillar Closes Below 50-Day Moving Average: Technicals; 12/04/2018 – Cramer argues that United Rentals, a largely domestic construction equipment company, has better end markets and lower investment risk than Caterpillar; 24/04/2018 – CATERPILLAR 1Q REV. $12.9B, EST. $12.04B

Kenneth Tropin decreased its stake in Time Warner Inc (TWX) by 3.9% based on its latest 2018Q1 regulatory filing with the SEC. Graham Capital Management Lp sold 25,000 shares as the company’s stock declined 1.16% with the market. The hedge fund run by Kenneth Tropin held 616,166 shares of the television services company at the end of 2018Q1, valued at $58.28 million, down from 641,166 at the end of the previous reported quarter. Graham Capital Management Lp who had been investing in Time Warner Inc for a number of months, seems to be less bullish one the $77.33B market cap company. The stock increased 0.92% or $0.9 during the last trading session, reaching $98.85. About 23.37 million shares traded or 252.03% up from the average. Time Warner Inc. (NYSE:TWX) has declined 5.23% since June 14, 2017 and is downtrending. It has underperformed by 17.80% the S&P500. Some Historical TWX News: 18/04/2018 – Time Warner CEO Bewkes Scoffs at U.S. Antitrust Suit (Correct); 08/05/2018 – U.S. urges judge to force AT&T to scrap deal or sell DirecTV or Turner; 12/03/2018 – Buy Time Warner because there will be a bidding war for assets like HBO if AT&T deal is blocked: UBS; 26/04/2018 – Time Warner 1Q Adj EPS $2.28; 19/04/2018 – AT&T CEO Stephenson Takes Stand in Trial Over Time Warner Deal; 26/04/2018 – TIME WARNER REAFFIRMS 2018 YEAR OUTLOOK; 11/04/2018 – Economist tells U.S. judge AT&T-Time Warner deal would harm consumers; 15/04/2018 – The Week Ahead: AT&T and Time Warner Chiefs to Testify, and New China Tariffs Brew; 09/04/2018 – Time Warner/AT&T: Shapiro expected to testify Wednesday – source [17:29 BST09 Apr 2018] [Proprietary] []; 26/04/2018 – Time Warner Operating Profit Falls on Higher Costs

Since February 5, 2018, it had 0 insider buys, and 2 insider sales for $766,866 activity. BARR WILLIAM P sold $390,647 worth of stock.

More notable recent Time Warner Inc. (NYSE:TWX) news were published by: Seekingalpha.com which released: “Vanity Fair: Zucker staying at CNN through ’20 election” on June 13, 2018, also Investorplace.com with their article: “Confidently Rush into Comcast Corporation — Fears Are Overblown” published on June 14, 2018, Streetinsider.com published: “After-Hours Stock Movers 06/12: (ENPH) (FOXA) (TWX) Higher; (VTVT) (HRB) (OXM) Lower (more…)” on June 12, 2018. More interesting news about Time Warner Inc. (NYSE:TWX) were released by: Seekingalpha.com and their article: “Headlines Don’t Determine Stock Prices – Cramer’s Mad Money (6/12/18)” published on June 13, 2018 as well as Investorplace.com‘s news article titled: “Here’s How DISH Network Corp Stock Could Benefit from the AT&T/TWX Deal” with publication date: June 14, 2018.

Among 41 analysts covering Time Warner Inc. (NYSE:TWX), 16 have Buy rating, 0 Sell and 25 Hold. Therefore 39% are positive. Time Warner Inc. had 128 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, November 4 by Pivotal Research. The firm earned “” rating on Thursday, January 21 by Albert Fried. The firm earned “Outperform” rating on Friday, September 11 by Macquarie Research. RBC Capital Markets maintained it with “Outperform” rating and $90 target in Tuesday, October 13 report. The firm has “Buy” rating given on Thursday, October 8 by Topeka Capital Markets. The rating was downgraded by Jefferies to “Hold” on Thursday, August 3. The firm has “Buy” rating given on Thursday, November 5 by CLSA. As per Monday, October 24, the company rating was downgraded by Moffett Nathanson. The firm has “Buy” rating given on Thursday, November 17 by Moffett Nathanson. The rating was initiated by Pivotal Research on Tuesday, October 20 with “Buy”.

Graham Capital Management Lp, which manages about $16.17 billion and $1.87B US Long portfolio, upped its stake in Endo Intl Plc (Put) (NASDAQ:ENDP) by 215,000 shares to 390,000 shares, valued at $2.32 million in 2018Q1, according to the filing. It also increased its holding in Nxp Semiconductors N V (NASDAQ:NXPI) by 304,518 shares in the quarter, for a total of 388,190 shares, and has risen its stake in Powershares Qqq Trust (QQQ).

Analysts await Time Warner Inc. (NYSE:TWX) to report earnings on August, 1. They expect $1.58 EPS, up 18.80% or $0.25 from last year’s $1.33 per share. TWX’s profit will be $1.24 billion for 15.64 P/E if the $1.58 EPS becomes a reality. After $2.28 actual EPS reported by Time Warner Inc. for the previous quarter, Wall Street now forecasts -30.70% negative EPS growth.

Investors sentiment increased to 0.98 in Q1 2018. Its up 0.07, from 0.91 in 2017Q4. It is positive, as 68 investors sold TWX shares while 336 reduced holdings. 98 funds opened positions while 299 raised stakes. 589.17 million shares or 1.52% less from 598.25 million shares in 2017Q4 were reported. Bessemer Group Inc Incorporated Inc accumulated 3,065 shares. Tiaa Cref Mngmt Llc owns 4.58 million shares. Mutual Of America Capital Management Ltd Liability Company holds 99,774 shares or 0.15% of its portfolio. Neuberger Berman Grp Ltd Liability stated it has 0.13% in Time Warner Inc. (NYSE:TWX). Piedmont Advisors Ltd Co holds 187,275 shares. Principal Fincl holds 1.12M shares or 0.1% of its portfolio. The New York-based Qci Asset Mgmt Ny has invested 0% in Time Warner Inc. (NYSE:TWX). Glob Thematic Ltd Liability has 1.28% invested in Time Warner Inc. (NYSE:TWX) for 394,746 shares. Winslow Evans & Crocker holds 1,134 shares or 0% of its portfolio. 665,000 are owned by Greenlight Cap. Cranbrook Wealth Management Ltd holds 0.01% or 360 shares. Signaturefd Ltd Liability Co holds 0.05% of its portfolio in Time Warner Inc. (NYSE:TWX) for 4,303 shares. Goldman Sachs Gp Inc owns 8.65M shares. Moreover, Vanguard has 0.21% invested in Time Warner Inc. (NYSE:TWX). Washington Trust Natl Bank stated it has 2,135 shares or 0.03% of all its holdings.

Argyle Capital Management Inc, which manages about $252.92 million and $252.26 million US Long portfolio, upped its stake in Pulte Group Inc (NYSE:PHM) by 45,650 shares to 77,550 shares, valued at $2.29M in 2018Q1, according to the filing.

More notable recent Caterpillar Inc. (NYSE:CAT) news were published by: Streetinsider.com which released: “Caterpillar (CAT) PT Raised to $185 at UBS; Mining Biz Starting to Ramp” on June 14, 2018, also Benzinga.com with their article: “10 Biggest Price Target Changes For Thursday” published on June 14, 2018, Benzinga.com published: “Three Industries Already Using Self-Driving Vehicles” on June 06, 2018. More interesting news about Caterpillar Inc. (NYSE:CAT) were released by: Seekingalpha.com and their article: “Is Caterpillar Worth Digging Into Now?” published on May 24, 2018 as well as Finance.Yahoo.com‘s news article titled: “Why Caterpillar Inc (NYSE:CAT) Is A Dividend Rockstar” with publication date: June 02, 2018.

Among 35 analysts covering Caterpillar Inc. (NYSE:CAT), 18 have Buy rating, 4 Sell and 13 Hold. Therefore 51% are positive. Caterpillar Inc. had 136 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Wednesday, July 26 with “Hold”. The company was maintained on Wednesday, January 24 by Barclays Capital. The stock of Caterpillar Inc. (NYSE:CAT) has “Buy” rating given on Tuesday, January 30 by Tigress Financial. Robert W. Baird maintained Caterpillar Inc. (NYSE:CAT) on Tuesday, October 10 with “Hold” rating. Deutsche Bank maintained the stock with “Buy” rating in Monday, September 28 report. The stock of Caterpillar Inc. (NYSE:CAT) earned “Neutral” rating by Goldman Sachs on Monday, April 25. The rating was downgraded by Deutsche Bank on Thursday, December 17 to “Hold”. Bank of America maintained the shares of CAT in report on Friday, May 26 with “Buy” rating. The firm has “Positive” rating given on Thursday, March 24 by OTR Global. On Monday, May 14 the stock rating was maintained by Stifel Nicolaus with “Hold”.

Investors sentiment decreased to 0.95 in Q1 2018. Its down 0.18, from 1.13 in 2017Q4. It worsened, as 72 investors sold CAT shares while 456 reduced holdings. 142 funds opened positions while 358 raised stakes. 390.42 million shares or 3.01% less from 402.55 million shares in 2017Q4 were reported. Old West Invest Limited Liability Corporation holds 0.35% or 4,140 shares. Fincl Counselors reported 0.88% in Caterpillar Inc. (NYSE:CAT). Harris Assoc LP reported 0.64% in Caterpillar Inc. (NYSE:CAT). Highbridge Capital Management Ltd Llc reported 2,159 shares or 0.01% of all its holdings. Ing Groep Nv holds 0.8% or 299,127 shares. Old Mutual Customised Solutions (Proprietary) Limited has invested 0.52% of its portfolio in Caterpillar Inc. (NYSE:CAT). Stratos Wealth Prtn Ltd reported 0.14% of its portfolio in Caterpillar Inc. (NYSE:CAT). Country Tru Commercial Bank owns 130,113 shares. Roof Eidam And Maycock Adv holds 0.84% of its portfolio in Caterpillar Inc. (NYSE:CAT) for 11,823 shares. Schnieders Cap Limited Liability Com has 0.82% invested in Caterpillar Inc. (NYSE:CAT) for 12,900 shares. Swarthmore Gp stated it has 60,050 shares or 2.11% of all its holdings. Glenview Fincl Bank Tru Dept reported 51,585 shares. Aviva Public Limited Company invested 0.26% in Caterpillar Inc. (NYSE:CAT). Mechanics Bancorporation Trust Department owns 0.42% invested in Caterpillar Inc. (NYSE:CAT) for 12,045 shares. Moreover, Navellier Associate has 0.71% invested in Caterpillar Inc. (NYSE:CAT) for 31,556 shares.

Analysts await Caterpillar Inc. (NYSE:CAT) to report earnings on July, 24. They expect $2.65 EPS, up 77.85% or $1.16 from last year’s $1.49 per share. CAT’s profit will be $1.58B for 14.49 P/E if the $2.65 EPS becomes a reality. After $2.82 actual EPS reported by Caterpillar Inc. for the previous quarter, Wall Street now forecasts -6.03% negative EPS growth.

Since January 30, 2018, it had 1 insider purchase, and 4 sales for $23.72 million activity. Another trade for 5,000 shares valued at $776,850 was bought by CALHOUN DAVID L. 54,481 shares valued at $8.18 million were sold by Pellette Thomas A on Monday, May 7. On Tuesday, January 30 Long Suzette M sold $84,723 worth of Caterpillar Inc. (NYSE:CAT) or 528 shares.

Caterpillar Inc. (NYSE:CAT) Institutional Positions Chart

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