Groesbeck Investment Management Has Lowered Unitedhealth Group Com Com (UNH) Stake by $1.01 Million as Valuation Rose; As Colgate Palmolive Co (CL) Market Value Rose, Eaton Vance Management Has Upped by $11.27 Million Its Holding

January 19, 2018 - By Nellie Frank

Groesbeck Investment Management Corp decreased its stake in Unitedhealth Group Inc Com Com (UNH) by 15.22% based on its latest 2017Q3 regulatory filing with the SEC. Groesbeck Investment Management Corp sold 5,169 shares as the company’s stock rose 9.50% with the market. The institutional investor held 28,782 shares of the medical specialities company at the end of 2017Q3, valued at $5.64M, down from 33,951 at the end of the previous reported quarter. Groesbeck Investment Management Corp who had been investing in Unitedhealth Group Inc Com Com for a number of months, seems to be less bullish one the $234.49B market cap company. The stock decreased 0.49% or $1.19 during the last trading session, reaching $241.97. About 1.19M shares traded. UnitedHealth Group Incorporated (NYSE:UNH) has risen 32.76% since January 19, 2017 and is uptrending. It has outperformed by 16.06% the S&P500.

Eaton Vance Management increased its stake in Colgate Palmolive Co (CL) by 4.78% based on its latest 2017Q3 regulatory filing with the SEC. Eaton Vance Management bought 156,545 shares as the company’s stock rose 3.95% with the market. The institutional investor held 3.43M shares of the package goods and cosmetics company at the end of 2017Q3, valued at $250.06 million, up from 3.28M at the end of the previous reported quarter. Eaton Vance Management who had been investing in Colgate Palmolive Co for a number of months, seems to be bullish on the $68.12B market cap company. The stock increased 1.24% or $0.95 during the last trading session, reaching $77.58. About 1.11M shares traded. Colgate-Palmolive Company (NYSE:CL) has risen 6.23% since January 19, 2017 and is uptrending. It has underperformed by 10.47% the S&P500.

Since August 3, 2017, it had 0 insider purchases, and 6 insider sales for $20.19 million activity. $200,333 worth of stock was sold by ROOS THOMAS E on Thursday, October 19. The insider RENFRO LARRY C sold $5.01 million. 15,000 shares valued at $2.88M were sold by BURKE RICHARD T on Monday, August 21. Another trade for 5,600 shares valued at $1.12M was made by WILENSKY GAIL R on Tuesday, September 5.

Among 26 analysts covering UnitedHealth Group (NYSE:UNH), 26 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. UnitedHealth Group had 79 analyst reports since September 2, 2015 according to SRatingsIntel. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, July 20. The firm has “Buy” rating by Bank of America given on Wednesday, October 18. The stock of UnitedHealth Group Incorporated (NYSE:UNH) has “Buy” rating given on Wednesday, December 6 by Cantor Fitzgerald. As per Friday, October 13, the company rating was maintained by Jefferies. The firm earned “Buy” rating on Wednesday, October 18 by RBC Capital Markets. Argus Research maintained UnitedHealth Group Incorporated (NYSE:UNH) rating on Thursday, October 19. Argus Research has “Buy” rating and $230 target. As per Friday, April 7, the company rating was maintained by Cantor Fitzgerald. On Wednesday, December 7 the stock rating was upgraded by Cantor Fitzgerald to “Buy”. The stock of UnitedHealth Group Incorporated (NYSE:UNH) has “Buy” rating given on Thursday, July 13 by Deutsche Bank. Mizuho maintained it with “Buy” rating and $235.0 target in Friday, October 6 report.

Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.11, from 1.02 in 2017Q2. It dived, as 46 investors sold UNH shares while 524 reduced holdings. 112 funds opened positions while 408 raised stakes. 810.94 million shares or 0.66% less from 816.36 million shares in 2017Q2 were reported. Winslow Cap Mngmt Ltd Co owns 3.01M shares or 3.17% of their US portfolio. Rampart Invest Mgmt Limited Liability Corp owns 13,192 shares. Boston Advisors Limited Liability Corporation owns 357,866 shares for 1.59% of their portfolio. Ing Groep Nv has 1.14% invested in UnitedHealth Group Incorporated (NYSE:UNH) for 301,997 shares. Cypress Capital Mgmt Limited Liability Company invested in 1,335 shares or 0.06% of the stock. Hsbc Hldg Public Limited Com owns 2.06 million shares for 0.65% of their portfolio. Tompkins Finance holds 4,805 shares. Moreover, Beech Hill Advisors has 0.17% invested in UnitedHealth Group Incorporated (NYSE:UNH). Moreover, James Invest Research has 0.23% invested in UnitedHealth Group Incorporated (NYSE:UNH) for 35,158 shares. Schwab Charles Invest Management has 0.64% invested in UnitedHealth Group Incorporated (NYSE:UNH) for 3.75M shares. Pinnacle Wealth Mngmt Advisory Grp Inc Ltd holds 0.67% of its portfolio in UnitedHealth Group Incorporated (NYSE:UNH) for 5,915 shares. Rainier Inv Mngmt Limited Liability reported 10,170 shares. Fort Washington Inv Advsr Oh holds 0.07% or 23,353 shares in its portfolio. Cap World Invsts holds 1.89% in UnitedHealth Group Incorporated (NYSE:UNH) or 42.64 million shares. Andra Ap has 0.68% invested in UnitedHealth Group Incorporated (NYSE:UNH).

Groesbeck Investment Management Corp, which manages about $250.00 million and $139.03M US Long portfolio, upped its stake in Tallgrass Energy Partners Lpco Com (NYSE:TEP) by 9,444 shares to 19,553 shares, valued at $937,000 in 2017Q3, according to the filing. It also increased its holding in Starbucks Corp Com Com (NASDAQ:SBUX) by 9,796 shares in the quarter, for a total of 35,102 shares, and has risen its stake in Nvidia Corp Com Com (NASDAQ:NVDA).

Among 25 analysts covering Colgate-Palmolive (NYSE:CL), 6 have Buy rating, 1 Sell and 18 Hold. Therefore 24% are positive. Colgate-Palmolive had 63 analyst reports since July 21, 2015 according to SRatingsIntel. Atlantic Securities initiated the stock with “Overweight” rating in Wednesday, January 6 report. The firm has “Hold” rating by Jefferies given on Tuesday, August 22. The stock of Colgate-Palmolive Company (NYSE:CL) has “Buy” rating given on Monday, September 12 by Bank of America. The firm has “Hold” rating given on Friday, June 30 by RBC Capital Markets. UBS maintained Colgate-Palmolive Company (NYSE:CL) rating on Friday, July 29. UBS has “Neutral” rating and $78 target. Citigroup maintained Colgate-Palmolive Company (NYSE:CL) on Thursday, November 2 with “Neutral” rating. The rating was maintained by UBS on Friday, October 28 with “Neutral”. The company was downgraded on Friday, July 29 by BNP Paribas. As per Friday, February 26, the company rating was downgraded by Sterne Agee CRT. Jefferies maintained it with “Hold” rating and $7700 target in Thursday, July 6 report.

Eaton Vance Management, which manages about $88.88B and $38.70 billion US Long portfolio, decreased its stake in Ishares Tr by 9,843 shares to 17,965 shares, valued at $626,000 in 2017Q3, according to the filing. It also reduced its holding in Lauder Estee Cos Inc (NYSE:EL) by 1.05 million shares in the quarter, leaving it with 1.43 million shares, and cut its stake in Oceaneering Intl Inc (NYSE:OII).

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