Covington Capital Management Decreased East West Bancorp (EWBC) Position By $1.47 Million; Bank Of New York Mellon Lowered Us Cellular (USM) Holding By $522,794

May 31, 2017 - By Hazel Jackson

Bank Of New York Mellon Corp decreased Us Cellular Corp (USM) stake by 10.44% reported in 2016Q4 SEC filing. Bank Of New York Mellon Corp sold 12,158 shares as Us Cellular Corp (USM)’s stock declined 12.41%. The Bank Of New York Mellon Corp holds 104,335 shares with $4.56 million value, down from 116,493 last quarter. Us Cellular Corp now has $3.41 billion valuation. The stock rose 1.55% or $0.61 reaching $39.96. About 70,956 shares traded. United States Cellular Corp (NYSE:USM) has risen 6.40% since May 31, 2016 and is uptrending. It has underperformed by 10.30% the S&P500.

Covington Capital Management decreased East West Bancorp (EWBC) stake by 30.92% reported in 2016Q4 SEC filing. Covington Capital Management sold 29,445 shares as East West Bancorp (EWBC)’s stock rose 1.19%. The Covington Capital Management holds 65,797 shares with $3.34 million value, down from 95,242 last quarter. East West Bancorp now has $7.89B valuation. The stock rose 0.02% or $0.01 reaching $54.77. About 1.88 million shares traded or 54.10% up from the average. East West Bancorp, Inc. (NASDAQ:EWBC) has risen 46.25% since May 31, 2016 and is uptrending. It has outperformed by 29.55% the S&P500.

Covington Capital Management increased Eog (NYSE:EOG) stake by 5,230 shares to 9,208 valued at $931,000 in 2016Q4. It also upped Intl Flavors & Fragrances (NYSE:IFF) stake by 4,668 shares and now owns 25,293 shares. Schlumberger Ltd (NYSE:SLB) was raised too.

Among 8 analysts covering East West Bancorp Inc. (NASDAQ:EWBC), 5 have Buy rating, 1 Sell and 2 Hold. Therefore 63% are positive. East West Bancorp Inc. had 15 analyst reports since August 26, 2015 according to SRatingsIntel. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) earned “Outperform” rating by BMO Capital Markets on Thursday, January 14. The stock has “Outperform” rating by Wells Fargo on Friday, October 23. The firm has “Market Perform” rating by Keefe Bruyette & Woods given on Thursday, April 28. The company was upgraded on Friday, July 22 by Macquarie Research. The firm has “Buy” rating by Deutsche Bank given on Wednesday, February 24. The firm earned “Underperform” rating on Thursday, March 16 by Raymond James. The rating was downgraded by Wood to “Market Perform” on Thursday, April 28. The company was downgraded on Monday, October 5 by Raymond James.

Analysts await East West Bancorp, Inc. (NASDAQ:EWBC) to report earnings on July, 19. They expect $0.81 earnings per share, up 14.08% or $0.10 from last year’s $0.71 per share. EWBC’s profit will be $116.69M for 16.90 P/E if the $0.81 EPS becomes a reality. After $0.88 actual earnings per share reported by East West Bancorp, Inc. for the previous quarter, Wall Street now forecasts -7.95% negative EPS growth.

Investors sentiment increased to 1.24 in 2016 Q4. Its up 0.39, from 0.85 in 2016Q3. It improved, as 20 investors sold EWBC shares while 114 reduced holdings. 60 funds opened positions while 106 raised stakes. 119.97 million shares or 0.48% more from 119.39 million shares in 2016Q3 were reported. Thompson Davis owns 538 shares. Sii Invests Wi stated it has 0.05% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). Tfs Capital Lc reported 9,666 shares. Employees Retirement Association Of Colorado reported 0.13% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). Picton Mahoney Asset Management reported 53,300 shares. Moreover, Advantus Cap Mngmt has 0.02% invested in East West Bancorp, Inc. (NASDAQ:EWBC). Bbr Partners Ltd has 4,643 shares. Td Asset Inc reported 21,186 shares. Blackrock Advsrs Ltd Liability reported 85,092 shares or 0% of all its holdings. Assetmark Inc invested 0% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). Putnam Invests Lc holds 0.01% or 77,567 shares. 122,161 were accumulated by Susquehanna Intl Grp Llp. Cibc Asset Mgmt Inc holds 0% in East West Bancorp, Inc. (NASDAQ:EWBC) or 4,767 shares. Condor Capital Mngmt, New Jersey-based fund reported 26,648 shares. Westpac Corporation invested in 123,425 shares.

Since December 8, 2016, it had 0 buys, and 10 insider sales for $6.74 million activity. LIU JACK C sold $146,685 worth of East West Bancorp, Inc. (NASDAQ:EWBC) on Monday, March 6. The insider NG DOMINIC sold 26,200 shares worth $1.34 million. CAMPBELL MOLLY also sold $32,999 worth of East West Bancorp, Inc. (NASDAQ:EWBC) shares. On Wednesday, March 8 the insider LI HERMAN Y sold $177,600. On Tuesday, March 7 the insider KRAUSE DOUGLAS PAUL sold $815,807. Shares for $89,832 were sold by CAI-LEE WENDY H.

Investors sentiment increased to 1.1 in 2016 Q4. Its up 0.22, from 0.88 in 2016Q3. It increased, as 10 investors sold USM shares while 38 reduced holdings. 19 funds opened positions while 34 raised stakes. 12.31 million shares or 0.29% more from 12.28 million shares in 2016Q3 were reported. Bancorporation Of Montreal Can accumulated 1,869 shares. Sei Co accumulated 2,421 shares or 0% of the stock. Grantham Mayo Van Otterloo Lc owns 0% invested in United States Cellular Corp (NYSE:USM) for 16,775 shares. 5,100 were reported by Mackenzie Corporation. Millennium reported 260,363 shares. 484 are owned by Pnc Svcs Group. Tiaa Cref Investment Lc holds 0% or 42,717 shares in its portfolio. Calvert Invest holds 0.01% of its portfolio in United States Cellular Corp (NYSE:USM) for 4,735 shares. Earnest Ptnrs Lc has invested 0% in United States Cellular Corp (NYSE:USM). Manufacturers Life Ins The stated it has 2,395 shares. Alliancebernstein LP reported 12,624 shares. Blackrock Advsr Limited Company accumulated 0.01% or 257,619 shares. Invesco Limited reported 0% of its portfolio in United States Cellular Corp (NYSE:USM). Northwestern Mutual Wealth Management invested 0% of its portfolio in United States Cellular Corp (NYSE:USM). State Of Wisconsin Board owns 7,315 shares.

Bank Of New York Mellon Corp increased United Bankshares Inc (NASDAQ:UBSI) stake by 160,646 shares to 1.03M valued at $47.79M in 2016Q4. It also upped Cdk Global Inc (NASDAQ:CDK) stake by 70,799 shares and now owns 1.74 million shares. Ciner Resources Lp was raised too.

Since March 22, 2017, it had 0 insider purchases, and 5 insider sales for $854,566 activity. ELLISON JAY also sold $328,179 worth of United States Cellular Corp (NYSE:USM) on Tuesday, May 9. Shares for $79,418 were sold by DALY RONALD E on Friday, March 31. $82,338 worth of United States Cellular Corp (NYSE:USM) was sold by Crowley J Samuel on Monday, May 1. On Monday, May 8 the insider Drake Deirdre sold $261,556. HARCZAK HARRY J JR sold 2,800 shares worth $103,075.

Among 4 analysts covering United States Cellular Corp (NYSE:USM), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. United States Cellular Corp had 7 analyst reports since August 5, 2015 according to SRatingsIntel. Zacks upgraded United States Cellular Corp (NYSE:USM) on Wednesday, August 5 to “Hold” rating. The firm earned “Neutral” rating on Monday, January 4 by JP Morgan. On Friday, February 26 the stock rating was maintained by FBR Capital with “Underperform”. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, December 14. The rating was maintained by FBR Capital with “Underperform” on Monday, November 2. As per Monday, February 27, the company rating was downgraded by Raymond James.