As Equifax (EFX) Valuation Rose, Shareholder Pettee Investors Has Trimmed by $538,650 Its Stake; Wealthtrust Axiom Position in Corning (GLW) Lowered by $1.14 Million as Stock Price Rose

January 16, 2018 - By Vivian Park

Wealthtrust Axiom Llc decreased its stake in Corning Inc (GLW) by 17.49% based on its latest 2017Q3 regulatory filing with the SEC. Wealthtrust Axiom Llc sold 39,345 shares as the company’s stock rose 5.06% with the market. The institutional investor held 185,643 shares of the telecommunications equipment company at the end of 2017Q3, valued at $5.55 million, down from 224,988 at the end of the previous reported quarter. Wealthtrust Axiom Llc who had been investing in Corning Inc for a number of months, seems to be less bullish one the $30.07 billion market cap company. The stock decreased 0.19% or $0.065 during the last trading session, reaching $34.595. About 4.48M shares traded. Corning Incorporated (NYSE:GLW) has risen 53.38% since January 16, 2017 and is uptrending. It has outperformed by 36.68% the S&P500.

Pettee Investors Inc decreased its stake in Equifax (EFX) by 68.42% based on its latest 2017Q3 regulatory filing with the SEC. Pettee Investors Inc sold 5,130 shares as the company’s stock rose 4.79% with the market. The institutional investor held 2,368 shares of the finance company at the end of 2017Q3, valued at $251,000, down from 7,498 at the end of the previous reported quarter. Pettee Investors Inc who had been investing in Equifax for a number of months, seems to be less bullish one the $14.72 billion market cap company. The stock decreased 0.24% or $0.29 during the last trading session, reaching $122.56. About 322,248 shares traded. Equifax Inc. (NYSE:EFX) has risen 11.28% since January 16, 2017 and is uptrending. It has underperformed by 5.42% the S&P500.

Investors sentiment decreased to 0.71 in Q3 2017. Its down 0.33, from 1.04 in 2017Q2. It fall, as 131 investors sold EFX shares while 158 reduced holdings. 87 funds opened positions while 118 raised stakes. 108.40 million shares or 3.06% more from 105.18 million shares in 2017Q2 were reported. Osterweis holds 209,025 shares or 1.66% of its portfolio. 19,965 were accumulated by Burney Com. Moreover, Great West Life Assurance Can has 0.04% invested in Equifax Inc. (NYSE:EFX). Nomura Hldg holds 0.05% or 204,025 shares in its portfolio. Whittier Of Nevada stated it has 52 shares. Manning Napier Ltd Com reported 281,905 shares. Sta Wealth Mgmt Ltd Company reported 0.16% in Equifax Inc. (NYSE:EFX). Federated Incorporated Pa accumulated 0.01% or 39,431 shares. The New York-based Hap Trading Ltd has invested 0.14% in Equifax Inc. (NYSE:EFX). 911 were accumulated by Northwestern Mutual Wealth. Commonwealth Of Pennsylvania Public School Empls Retrmt accumulated 0.02% or 9,790 shares. Pension Ser has invested 0.07% in Equifax Inc. (NYSE:EFX). Bokf Na reported 4,660 shares or 0.01% of all its holdings. Bluemountain Cap Management Llc invested in 7,586 shares. Susquehanna Intll Grp Inc Llp owns 0% invested in Equifax Inc. (NYSE:EFX) for 20,342 shares.

Analysts await Equifax Inc. (NYSE:EFX) to report earnings on February, 14. They expect $1.35 earnings per share, down 4.93% or $0.07 from last year’s $1.42 per share. EFX’s profit will be $162.11 million for 22.70 P/E if the $1.35 EPS becomes a reality. After $1.53 actual earnings per share reported by Equifax Inc. for the previous quarter, Wall Street now forecasts -11.76% negative EPS growth.

Among 17 analysts covering Equifax Inc (NYSE:EFX), 9 have Buy rating, 0 Sell and 8 Hold. Therefore 53% are positive. Equifax Inc had 56 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, September 15. Robert W. Baird maintained it with “Buy” rating and $121.0 target in Tuesday, October 3 report. Jefferies initiated the stock with “Hold” rating in Monday, May 9 report. The rating was maintained by Morgan Stanley with “Equal-Weight” on Monday, November 13. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, July 29. The stock of Equifax Inc. (NYSE:EFX) earned “Buy” rating by Robert W. Baird on Thursday, November 9. The rating was downgraded by Morgan Stanley on Wednesday, January 18 to “Equal-Weight”. The company was downgraded on Monday, May 1 by Stephens. The firm has “Outperform” rating by RBC Capital Markets given on Friday, October 28. The firm has “Hold” rating by Stifel Nicolaus given on Monday, November 13.

Pettee Investors Inc, which manages about $116.14 million and $154.79 million US Long portfolio, upped its stake in Schwab Charles (NYSE:SCHW) by 20,080 shares to 36,213 shares, valued at $1.58 million in 2017Q3, according to the filing.

Since August 1, 2017, it had 0 buys, and 3 selling transactions for $1.78 million activity. $584,099 worth of Equifax Inc. (NYSE:EFX) shares were sold by Loughran Joseph Michael III. The insider Ploder Rodolfo O sold $250,458.

Investors sentiment decreased to 0.75 in Q3 2017. Its down 0.17, from 0.92 in 2017Q2. It fall, as 64 investors sold GLW shares while 339 reduced holdings. 66 funds opened positions while 235 raised stakes. 610.60 million shares or 2.66% less from 627.26 million shares in 2017Q2 were reported. Northeast Fincl Consultants holds 48,063 shares. Kentucky Retirement Systems Trust Fund reported 24,333 shares. Thompson Siegel Walmsley Limited Liability reported 51,565 shares. Wespac Limited Liability has invested 1.32% in Corning Incorporated (NYSE:GLW). Thrivent For Lutherans holds 0% or 38,856 shares in its portfolio. First Midwest Bancorp Trust Division accumulated 15,121 shares. Birmingham Mngmt Incorporated Al holds 0.09% of its portfolio in Corning Incorporated (NYSE:GLW) for 7,650 shares. Apg Asset Nv holds 0.12% or 2.43M shares. Pzena Invest Mngmt Ltd Liability holds 0.11% or 713,246 shares in its portfolio. Utah Retirement System accumulated 0.11% or 163,154 shares. 56,940 are owned by Clearbridge Investments Limited Com. 20,347 were reported by Meiji Yasuda Asset Management Co Ltd. Drexel Morgan reported 7,745 shares. Tradewinds Cap Mgmt Lc invested in 0.03% or 2,179 shares. Bluecrest Capital Mgmt Ltd has invested 0.2% in Corning Incorporated (NYSE:GLW).

Among 18 analysts covering Corning Incorporated (NYSE:GLW), 5 have Buy rating, 2 Sell and 11 Hold. Therefore 28% are positive. Corning Incorporated had 44 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, October 26 by Deutsche Bank. Susquehanna maintained it with “Buy” rating and $3500 target in Friday, July 14 report. The stock has “Buy” rating by Deutsche Bank on Wednesday, October 25. Jefferies maintained it with “Hold” rating and $27.5000 target in Tuesday, May 30 report. The firm has “Buy” rating given on Friday, August 26 by Citigroup. The rating was maintained by RBC Capital Markets on Wednesday, October 28 with “Outperform”. The stock has “Hold” rating by Drexel Hamilton on Tuesday, January 26. The firm has “Buy” rating given on Tuesday, December 12 by Guggenheim. The company was downgraded on Tuesday, August 15 by Goldman Sachs. The rating was initiated by Wells Fargo with “Market Perform” on Wednesday, December 21.

Since August 24, 2017, it had 0 insider purchases, and 7 insider sales for $12.68 million activity. TOOKES HANSEL E II also sold $205,778 worth of Corning Incorporated (NYSE:GLW) on Wednesday, October 25. 46,763 shares valued at $1.33 million were sold by Kinlin Clark S on Thursday, August 24. WEEKS WENDELL P sold $7.81 million worth of stock or 248,857 shares. 29,949 shares were sold by Musser Eric S, worth $945,178 on Wednesday, October 25. RIEMAN DEBORAH sold 2,083 shares worth $66,979. Another trade for 33,000 shares valued at $942,619 was sold by Pambianchi Christine M.

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