Schafer Cullen Capital Management Has Cut Corning (GLW) Holding; Argent Capital Management Decreased By $7.16 Million Its Post Holdings (POST) Position

July 17, 2017 - By Maria Brooks

Argent Capital Management Llc decreased Post Holdings Inc. (POST) stake by 8.88% reported in 2016Q4 SEC filing. Argent Capital Management Llc sold 89,544 shares as Post Holdings Inc. (POST)’s stock declined 1.97%. The Argent Capital Management Llc holds 919,152 shares with $73.89M value, down from 1.01M last quarter. Post Holdings Inc. now has $5.42 billion valuation. The stock rose 1.51% or $1.21 reaching $81.47. About 944,613 shares traded. Post Holdings Inc (NYSE:POST) has risen 11.46% since July 17, 2016 and is uptrending. It has underperformed by 5.24% the S&P500.

Schafer Cullen Capital Management Inc decreased Corning Inc. (GLW) stake by 12.41% reported in 2016Q4 SEC filing. Schafer Cullen Capital Management Inc sold 591,016 shares as Corning Inc. (GLW)’s stock rose 5.06%. The Schafer Cullen Capital Management Inc holds 4.17 million shares with $101.20M value, down from 4.76M last quarter. Corning Inc. now has $29.06 billion valuation. The stock rose 0.80% or $0.25 reaching $31.32. About 3.14M shares traded. Corning Incorporated (NYSE:GLW) has risen 53.38% since July 17, 2016 and is uptrending. It has outperformed by 36.68% the S&P500.

Investors sentiment decreased to 0.88 in Q4 2016. Its down 0.31, from 1.19 in 2016Q3. It dived, as 52 investors sold POST shares while 94 reduced holdings. 33 funds opened positions while 95 raised stakes. 68.76 million shares or 1.14% more from 67.99 million shares in 2016Q3 were reported. Highlander Capital Management Llc owns 100 shares for 0.01% of their portfolio. Wellington Gp Llp accumulated 0.11% or 5.43 million shares. Moneta Gru Investment Advsrs Ltd Liability Corp accumulated 19,340 shares. Great West Life Assurance Com Can invested 0.01% of its portfolio in Post Holdings Inc (NYSE:POST). Mu Invs Ltd reported 700 shares stake. Moreover, Ameriprise Fincl Inc has 0.01% invested in Post Holdings Inc (NYSE:POST) for 253,864 shares. 22,154 are owned by Oregon Pub Employees Retirement Fund. Utah Retirement holds 0.02% or 11,700 shares in its portfolio. 2,856 were accumulated by First Personal Svcs. Metropolitan Life Ins Communication Ny holds 0.04% in Post Holdings Inc (NYSE:POST) or 62,085 shares. Regions Fincl stated it has 2,604 shares or 0% of all its holdings. Gabelli & Invest Advisers holds 0.14% of its portfolio in Post Holdings Inc (NYSE:POST) for 15,000 shares. Blackrock Incorporated reported 0% of its portfolio in Post Holdings Inc (NYSE:POST). Swiss National Bank reported 0.01% of its portfolio in Post Holdings Inc (NYSE:POST). Ameritas Inv Prtnrs holds 19,622 shares or 0.08% of its portfolio.

Argent Capital Management Llc increased Intel Corp. (NASDAQ:INTC) stake by 10,329 shares to 474,171 valued at $17.20M in 2016Q4. It also upped Etrade Financial Corporation (NASDAQ:ETFC) stake by 34,420 shares and now owns 1.08M shares. Universal Forest Products Inc (NASDAQ:UFPI) was raised too.

Since May 10, 2017, it had 1 buying transaction, and 0 sales for $23,403 activity. $23,403 worth of Post Holdings Inc (NYSE:POST) was bought by CALLISON EDWIN H on Wednesday, May 10.

Among 11 analysts covering Post (NYSE:POST), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Post had 19 analyst reports since August 10, 2015 according to SRatingsIntel. BMO Capital Markets maintained Post Holdings Inc (NYSE:POST) rating on Wednesday, June 14. BMO Capital Markets has “Hold” rating and $8500 target. On Thursday, June 23 the stock rating was upgraded by BB&T Capital to “Buy”. BB&T Capital initiated Post Holdings Inc (NYSE:POST) on Tuesday, December 15 with “Hold” rating. The stock of Post Holdings Inc (NYSE:POST) has “Buy” rating given on Thursday, May 11 by Stifel Nicolaus. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, November 25. The stock of Post Holdings Inc (NYSE:POST) has “Buy” rating given on Monday, November 21 by Stifel Nicolaus. On Thursday, May 26 the stock rating was initiated by KeyBanc Capital Markets with “Overweight”. The firm earned “Buy” rating on Wednesday, September 30 by Suntrust Robinson. The stock of Post Holdings Inc (NYSE:POST) has “Outperform” rating given on Monday, August 24 by BMO Capital Markets. The stock has “Buy” rating by Stifel Nicolaus on Monday, October 26.

Analysts await Post Holdings Inc (NYSE:POST) to report earnings on August, 3. They expect $0.63 earnings per share, up 1.61% or $0.01 from last year’s $0.62 per share. POST’s profit will be $41.91 million for 32.33 P/E if the $0.63 EPS becomes a reality. After $0.55 actual earnings per share reported by Post Holdings Inc for the previous quarter, Wall Street now forecasts 14.55% EPS growth.

Analysts await Corning Incorporated (NYSE:GLW) to report earnings on July, 26 before the open. They expect $0.40 earnings per share, up 8.11% or $0.03 from last year’s $0.37 per share. GLW’s profit will be $371.14M for 19.58 P/E if the $0.40 EPS becomes a reality. After $0.39 actual earnings per share reported by Corning Incorporated for the previous quarter, Wall Street now forecasts 2.56% EPS growth.

Among 17 analysts covering Corning Incorporated (NYSE:GLW), 5 have Buy rating, 1 Sell and 11 Hold. Therefore 29% are positive. Corning Incorporated had 31 analyst reports since July 30, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, November 2 by Goldman Sachs. Goldman Sachs reinitiated the stock with “Neutral” rating in Friday, September 25 report. On Tuesday, April 12 the stock rating was upgraded by Goldman Sachs to “Buy”. The rating was upgraded by Bank of America on Tuesday, January 24 to “Neutral”. The stock has “Hold” rating by Drexel Hamilton on Friday, October 9. The stock of Corning Incorporated (NYSE:GLW) has “Overweight” rating given on Tuesday, September 29 by Barclays Capital. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, September 25. The rating was maintained by Citigroup with “Buy” on Friday, August 26. The stock of Corning Incorporated (NYSE:GLW) earned “Buy” rating by Deutsche Bank on Tuesday, September 15. Deutsche Bank maintained it with “Buy” rating and $26 target in Wednesday, October 26 report.

Since January 24, 2017, it had 0 insider buys, and 28 sales for $39.44 million activity. $480,989 worth of stock was sold by ROGUS MARK S on Wednesday, January 25. Another trade for 64,500 shares valued at $1.78M was made by Clappin James P on Friday, February 17. Shares for $3.42M were sold by Morse David L. $161,976 worth of stock was sold by Schlesinger Edward A on Wednesday, March 1. The insider RIEMAN DEBORAH sold $940,648. Pambianchi Christine M also sold $27,682 worth of Corning Incorporated (NYSE:GLW) shares. Musser Eric S had sold 23,236 shares worth $676,656 on Tuesday, May 2.

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