As Eli Lilly & Co. (LLY) Market Value Declined, Shareholder Schafer Cullen Capital Management Has Trimmed Its Stake by $1.48 Million; Rodgers Brothers Has Trimmed Southern Co (SO) Holding by $390,040; Share Value Rose

February 19, 2018 - By Winifred Garcia

Rodgers Brothers Inc decreased its stake in Southern Co (SO) by 62.91% based on its latest 2017Q3 regulatory filing with the SEC. Rodgers Brothers Inc sold 7,960 shares as the company’s stock rose 4.35% with the market. The institutional investor held 4,693 shares of the central company at the end of 2017Q3, valued at $231,000, down from 12,653 at the end of the previous reported quarter. Rodgers Brothers Inc who had been investing in Southern Co for a number of months, seems to be less bullish one the $44.09 billion market cap company. The stock decreased 0.11% or $0.05 during the last trading session, reaching $43.93. About 7.86 million shares traded or 14.79% up from the average. The Southern Company (NYSE:SO) has risen 2.49% since February 19, 2017 and is uptrending. It has underperformed by 14.21% the S&P500.

Schafer Cullen Capital Management Inc decreased its stake in Eli Lilly & Co. (LLY) by 1.98% based on its latest 2017Q3 regulatory filing with the SEC. Schafer Cullen Capital Management Inc sold 17,452 shares as the company’s stock declined 3.22% while stock markets rallied. The hedge fund held 864,657 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $73.96 million, down from 882,109 at the end of the previous reported quarter. Schafer Cullen Capital Management Inc who had been investing in Eli Lilly & Co. for a number of months, seems to be less bullish one the $82.70B market cap company. The stock increased 1.22% or $0.95 during the last trading session, reaching $78.97. About 4.70 million shares traded or 7.35% up from the average. Eli Lilly and Company (NYSE:LLY) has risen 4.70% since February 19, 2017 and is uptrending. It has underperformed by 12.00% the S&P500.

Since August 31, 2017, it had 0 buys, and 8 selling transactions for $84.24 million activity. LILLY ENDOWMENT INC also sold $15.68M worth of Eli Lilly and Company (NYSE:LLY) on Friday, September 15. $780,780 worth of Eli Lilly and Company (NYSE:LLY) was sold by Simmons Jeffrey N on Thursday, February 1.

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.01, from 0.9 in 2017Q2. It is negative, as 66 investors sold LLY shares while 386 reduced holdings. 79 funds opened positions while 325 raised stakes. 827.83 million shares or 0.59% more from 823.00 million shares in 2017Q2 were reported. Mirae Asset Glob Invs reported 100,877 shares or 0.16% of all its holdings. Guggenheim Cap Limited Liability Corp has invested 0.12% of its portfolio in Eli Lilly and Company (NYSE:LLY). Glg Ltd Llc holds 49,173 shares. Ls Investment Advsrs Ltd Limited Liability Company holds 0.11% or 21,499 shares. Sadoff Mgmt Llc accumulated 313,440 shares. California-based Hanson Mcclain has invested 0% in Eli Lilly and Company (NYSE:LLY). First American Bankshares, Illinois-based fund reported 66,844 shares. 2,727 are held by Bancorpsouth. Johnson Group Inc holds 0.05% or 4,808 shares. Natl Registered Advisor reported 0.81% in Eli Lilly and Company (NYSE:LLY). Drexel Morgan Co holds 0.23% of its portfolio in Eli Lilly and Company (NYSE:LLY) for 2,645 shares. Dorsey And Whitney Tru Communication Ltd Liability Corporation accumulated 46,999 shares or 0.8% of the stock. Intl has 0.42% invested in Eli Lilly and Company (NYSE:LLY) for 4.13M shares. Oakworth Cap owns 6,714 shares or 0.14% of their US portfolio. Natixis Asset Mngmt invested in 0.53% or 71,812 shares.

Schafer Cullen Capital Management Inc, which manages about $10.62 billion and $8.31B US Long portfolio, upped its stake in Edison International (NYSE:EIX) by 8,844 shares to 358,660 shares, valued at $27.68M in 2017Q3, according to the filing. It also increased its holding in Sanofi (Adr) (NYSE:SNY) by 58,985 shares in the quarter, for a total of 1.08 million shares, and has risen its stake in Ishares Msci South Korea Cappe (EWY).

Among 20 analysts covering Eli Lilly and Company (NYSE:LLY), 11 have Buy rating, 2 Sell and 7 Hold. Therefore 55% are positive. Eli Lilly and Company had 95 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Tuesday, April 11 with “Buy”. Argus Research downgraded the shares of LLY in report on Thursday, April 27 to “Hold” rating. The firm has “Overweight” rating given on Friday, October 13 by Barclays Capital. Jefferies maintained it with “Buy” rating and $89.0 target in Thursday, August 24 report. The company was maintained on Monday, December 28 by Leerink Swann. The firm has “Buy” rating by Citigroup given on Friday, April 7. The stock has “Neutral” rating by Credit Suisse on Tuesday, October 10. Jefferies maintained Eli Lilly and Company (NYSE:LLY) rating on Monday, June 5. Jefferies has “Buy” rating and $9200 target. On Wednesday, December 13 the stock rating was maintained by Leerink Swann with “Hold”. The stock of Eli Lilly and Company (NYSE:LLY) earned “Buy” rating by Goldman Sachs on Tuesday, September 27.

Since October 10, 2017, it had 0 insider purchases, and 4 sales for $8.29 million activity. 85,151 The Southern Company (NYSE:SO) shares with value of $4.26M were sold by BOWERS WILLIAM P. Another trade for 25,000 shares valued at $1.30 million was sold by Kerr – II James Y. 46,941 shares were sold by BEATTIE ART P, worth $2.46 million.

Analysts await The Southern Company (NYSE:SO) to report earnings on February, 28. They expect $0.47 EPS, up 95.83% or $0.23 from last year’s $0.24 per share. SO’s profit will be $471.70 million for 23.37 P/E if the $0.47 EPS becomes a reality. After $1.12 actual EPS reported by The Southern Company for the previous quarter, Wall Street now forecasts -58.04% negative EPS growth.

Rodgers Brothers Inc, which manages about $300.54 million and $284.22M US Long portfolio, upped its stake in Cubic Corp (NYSE:CUB) by 7,425 shares to 47,275 shares, valued at $2.41M in 2017Q3, according to the filing. It also increased its holding in General Mills Inc (NYSE:GIS) by 21,923 shares in the quarter, for a total of 84,823 shares, and has risen its stake in Metlife Inc (NYSE:MET).

Among 20 analysts covering The Southern Company (NYSE:SO), 5 have Buy rating, 6 Sell and 9 Hold. Therefore 25% are positive. The Southern Company had 63 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Hold” rating by SunTrust on Tuesday, January 16. Morgan Stanley maintained the shares of SO in report on Monday, November 13 with “Underweight” rating. The company was maintained on Sunday, September 3 by RBC Capital Markets. The stock of The Southern Company (NYSE:SO) earned “Buy” rating by Guggenheim on Thursday, September 14. The company was maintained on Wednesday, December 6 by SunTrust. On Wednesday, August 30 the stock rating was maintained by Jefferies with “Buy”. On Monday, October 19 the stock rating was maintained by SunTrust with “Neutral”. The firm earned “Hold” rating on Tuesday, December 26 by SunTrust. The stock of The Southern Company (NYSE:SO) earned “Buy” rating by Mizuho on Tuesday, December 26. The stock has “Underweight” rating by Morgan Stanley on Tuesday, February 13.

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