Retirement Systems Of Alabama Lifted Its Prudential Finl (PRU) Holding; Hm Payson & Company Cut Holding in Chevron (CVX) by $449,046 as Valuation Declined

January 13, 2018 - By Winifred Garcia

Retirement Systems Of Alabama increased its stake in Prudential Finl Inc (PRU) by 93.92% based on its latest 2017Q3 regulatory filing with the SEC. Retirement Systems Of Alabama bought 195,357 shares as the company’s stock declined 6.41% while stock markets rallied. The institutional investor held 403,359 shares of the finance company at the end of 2017Q3, valued at $42.89M, up from 208,002 at the end of the previous reported quarter. Retirement Systems Of Alabama who had been investing in Prudential Finl Inc for a number of months, seems to be bullish on the $52.72B market cap company. The stock increased 0.32% or $0.4 during the last trading session, reaching $124.12. About 1.37M shares traded. Prudential Financial, Inc. (NYSE:PRU) has risen 33.66% since January 13, 2017 and is uptrending. It has outperformed by 16.96% the S&P500.

Hm Payson & Company decreased its stake in Chevron Corp (CVX) by 2.03% based on its latest 2017Q3 regulatory filing with the SEC. Hm Payson & Company sold 3,838 shares as the company’s stock declined 3.45% while stock markets rallied. The institutional investor held 185,161 shares of the integrated oil company at the end of 2017Q3, valued at $21.76M, down from 188,999 at the end of the previous reported quarter. Hm Payson & Company who had been investing in Chevron Corp for a number of months, seems to be less bullish one the $253.76B market cap company. The stock increased 0.78% or $1.03 during the last trading session, reaching $133.6. About 7.23M shares traded or 35.26% up from the average. Chevron Corporation (NYSE:CVX) has risen 6.68% since January 13, 2017 and is uptrending. It has underperformed by 10.02% the S&P500.

Retirement Systems Of Alabama, which manages about $19.18B US Long portfolio, decreased its stake in Boeing Co (NYSE:BA) by 36,144 shares to 448,043 shares, valued at $113.90 million in 2017Q3, according to the filing. It also reduced its holding in American Campus Cmntys Inc (NYSE:ACC) by 158,225 shares in the quarter, leaving it with 176,028 shares, and cut its stake in Idacorp Inc (NYSE:IDA).

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.20, from 1.2 in 2017Q2. It fall, as 43 investors sold PRU shares while 274 reduced holdings. 73 funds opened positions while 245 raised stakes. 265.93 million shares or 0.75% less from 267.93 million shares in 2017Q2 were reported. Gargoyle Investment Advisor Limited Liability Corporation has 1.09% invested in Prudential Financial, Inc. (NYSE:PRU) for 27,876 shares. Moreover, Gotham Asset Mngmt Limited Liability Company has 0.01% invested in Prudential Financial, Inc. (NYSE:PRU) for 3,875 shares. Qs Ltd Company holds 9,190 shares or 0.01% of its portfolio. Schroder Investment Mgmt Grp stated it has 68,810 shares or 0.01% of all its holdings. Amp Capital Limited reported 0.19% in Prudential Financial, Inc. (NYSE:PRU). The United Kingdom-based Aviva Public Ltd Co has invested 0.28% in Prudential Financial, Inc. (NYSE:PRU). Alliancebernstein Ltd Partnership accumulated 0.06% or 777,302 shares. Lowe Brockenbrough And has invested 0.04% of its portfolio in Prudential Financial, Inc. (NYSE:PRU). 6,795 are owned by Wetherby Asset. Olstein LP invested in 0.8% or 58,000 shares. Blb&B Advsrs Ltd Liability has 0.04% invested in Prudential Financial, Inc. (NYSE:PRU). Lazard Asset Ltd Limited Liability Company stated it has 0.02% of its portfolio in Prudential Financial, Inc. (NYSE:PRU). Robeco Institutional Asset Mngmt Bv reported 0.19% stake. Us National Bank De accumulated 249,665 shares. State Of Wisconsin Inv Board holds 648,022 shares or 0.2% of its portfolio.

Among 14 analysts covering Prudential Financial (NYSE:PRU), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Prudential Financial had 45 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Credit Suisse given on Friday, October 7. The firm earned “Buy” rating on Tuesday, October 10 by FBR Capital. The stock of Prudential Financial, Inc. (NYSE:PRU) has “Equal-Weight” rating given on Wednesday, December 14 by Morgan Stanley. The firm has “Neutral” rating given on Thursday, January 26 by Citigroup. The firm has “Neutral” rating by Bank of America given on Wednesday, January 20. On Monday, September 11 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The stock of Prudential Financial, Inc. (NYSE:PRU) earned “Overweight” rating by Barclays Capital on Thursday, February 11. RBC Capital Markets maintained it with “Hold” rating and $119.0 target in Thursday, November 2 report. The stock has “Hold” rating by RBC Capital Markets on Friday, October 6. The stock has “Hold” rating by RBC Capital Markets on Monday, June 26.

Since August 7, 2017, it had 0 insider buys, and 2 selling transactions for $2.10 million activity. Silitch Nicholas C also sold $1.64 million worth of Prudential Financial, Inc. (NYSE:PRU) on Wednesday, August 9.

Since August 1, 2017, it had 0 buys, and 4 selling transactions for $11.07 million activity. Another trade for 25,500 shares valued at $3.06 million was made by Pate R. Hewitt on Monday, October 16. JOHNSON JAMES WILLIAM had sold 31,000 shares worth $3.43 million on Tuesday, August 1. 2,312 shares were sold by Deily Linnet F, worth $248,274.

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on January, 26. They expect $1.19 EPS, up 440.91% or $0.97 from last year’s $0.22 per share. CVX’s profit will be $2.26 billion for 28.07 P/E if the $1.19 EPS becomes a reality. After $1.03 actual EPS reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 15.53% EPS growth.

Hm Payson & Company, which manages about $2.21B and $2.33B US Long portfolio, upped its stake in Vanguard Ftse Developed Markets (VEA) by 206,166 shares to 1.39M shares, valued at $60.30 million in 2017Q3, according to the filing. It also increased its holding in Jpmorgan by 12,065 shares in the quarter, for a total of 26,388 shares, and has risen its stake in Cisco Systems Inc (NASDAQ:CSCO).

Among 34 analysts covering Chevron Corporation (NYSE:CVX), 22 have Buy rating, 1 Sell and 11 Hold. Therefore 65% are positive. Chevron Corporation had 100 analyst reports since August 4, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of CVX in report on Friday, March 24 with “Hold” rating. Citigroup maintained the shares of CVX in report on Friday, July 21 with “Buy” rating. The stock of Chevron Corporation (NYSE:CVX) has “Sell” rating given on Tuesday, November 7 by RBC Capital Markets. On Wednesday, December 20 the stock rating was maintained by Jefferies with “Buy”. JP Morgan maintained the stock with “Overweight” rating in Tuesday, December 15 report. The stock of Chevron Corporation (NYSE:CVX) earned “Underperform” rating by RBC Capital Markets on Thursday, July 6. The rating was upgraded by Goldman Sachs on Friday, March 11 to “Neutral”. As per Thursday, June 22, the company rating was maintained by BMO Capital Markets. On Wednesday, June 21 the stock rating was downgraded by Macquarie Research to “Neutral”. The rating was upgraded by Vetr to “Buy” on Tuesday, August 25.

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.08, from 1.03 in 2017Q2. It is negative, as 43 investors sold CVX shares while 696 reduced holdings. 121 funds opened positions while 584 raised stakes. 1.18 billion shares or 1.43% more from 1.16 billion shares in 2017Q2 were reported. Gm Advisory Gru Incorporated holds 0.21% in Chevron Corporation (NYSE:CVX) or 5,862 shares. 2,957 were accumulated by Community State Bank Of Raymore. First Natl holds 1.54% or 112,738 shares in its portfolio. Bahl And Gaynor Inc holds 0.39% in Chevron Corporation (NYSE:CVX) or 303,165 shares. Apriem Advisors has invested 0.29% of its portfolio in Chevron Corporation (NYSE:CVX). Vista Cap Prtn Incorporated reported 2,251 shares stake. Of Vermont reported 1.21% of its portfolio in Chevron Corporation (NYSE:CVX). Northcoast Asset Limited Liability reported 1.69% in Chevron Corporation (NYSE:CVX). Trexquant Investment LP stated it has 0.59% in Chevron Corporation (NYSE:CVX). Commonwealth Bank Of Australia owns 1.01M shares or 1.16% of their US portfolio. Gofen & Glossberg Limited Liability Company Il holds 1.42% or 326,308 shares. Planning reported 162,374 shares. Seizert Partners Ltd Llc owns 0.01% invested in Chevron Corporation (NYSE:CVX) for 1,929 shares. Sheets Smith Wealth Mgmt owns 17,698 shares for 0.52% of their portfolio. Horrell Capital Mgmt holds 28 shares or 0% of its portfolio.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: